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Mexican (IPC) Market Analysis & Valuation

UpdatedJun 15, 2024
DataAggregated Company Financials
Companies116
  • 7D-1.4%
  • 3M-6.1%
  • 1Y-4.3%
  • YTD-7.4%

Over the last 7 days, the market has dropped 1.4%, driven by a pullback of 1.5% in the Consumer Staples sector. As for last year, the market is also down 4.3%. Looking forward, earnings are forecast to grow by 12% annually.

Market Valuation and Performance

Has the Mexican Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Jun 2024Mex$8.9tMex$7.1tMex$576.8b12.5x15.4x1.2x
Mon, 13 May 2024Mex$9.7tMex$7.0tMex$568.8b14.4x17.1x1.4x
Wed, 10 Apr 2024Mex$9.6tMex$7.1tMex$579.8b13.5x16.6x1.4x
Fri, 08 Mar 2024Mex$9.4tMex$7.1tMex$585.4b13.4x16.1x1.3x
Sun, 04 Feb 2024Mex$9.9tMex$7.4tMex$657.0b13x15x1.3x
Tue, 02 Jan 2024Mex$9.9tMex$7.4tMex$656.4b13.5x15.1x1.3x
Thu, 30 Nov 2023Mex$9.1tMex$7.4tMex$658.2b12x13.8x1.2x
Sat, 28 Oct 2023Mex$8.7tMex$7.5tMex$653.9b12x13.4x1.2x
Mon, 25 Sep 2023Mex$9.1tMex$7.5tMex$659.5b12.9x13.7x1.2x
Wed, 23 Aug 2023Mex$9.2tMex$7.4tMex$654.0b12.7x14.1x1.2x
Fri, 21 Jul 2023Mex$9.2tMex$7.3tMex$648.5b12.8x14.2x1.3x
Sun, 18 Jun 2023Mex$9.4tMex$7.3tMex$638.0b13.4x14.8x1.3x
Tue, 16 May 2023Mex$9.6tMex$7.4tMex$666.7b13x14.4x1.3x
Thu, 13 Apr 2023Mex$9.6tMex$7.2tMex$656.2b12.5x14.6x1.3x
Sat, 11 Mar 2023Mex$9.4tMex$7.3tMex$661.6b12.1x14.1x1.3x
Mon, 06 Feb 2023Mex$9.5tMex$7.2tMex$674.4b11.7x14.2x1.3x
Wed, 04 Jan 2023Mex$8.9tMex$7.2tMex$662.6b11.9x13.4x1.2x
Fri, 02 Dec 2022Mex$9.2tMex$7.3tMex$647.8b11.6x14.1x1.3x
Sun, 30 Oct 2022Mex$8.8tMex$7.3tMex$649.7b11.4x13.6x1.2x
Tue, 27 Sep 2022Mex$8.3tMex$7.2tMex$628.6b10.6x13.2x1.1x
Thu, 25 Aug 2022Mex$8.6tMex$7.2tMex$625.8b11.4x13.7x1.2x
Sat, 23 Jul 2022Mex$8.6tMex$7.0tMex$594.9b11.9x14.5x1.2x
Mon, 20 Jun 2022Mex$8.5tMex$6.9tMex$628.8b12.1x13.6x1.2x
Wed, 18 May 2022Mex$8.6tMex$6.9tMex$621.7b12.1x13.8x1.3x
Fri, 15 Apr 2022Mex$9.3tMex$6.7tMex$569.1b14.3x16.4x1.4x
Sun, 13 Mar 2022Mex$9.2tMex$6.7tMex$576.5b14.5x15.9x1.4x
Tue, 08 Feb 2022Mex$8.8tMex$6.6tMex$596.9b13.8x14.8x1.3x
Thu, 06 Jan 2022Mex$9.1tMex$6.6tMex$575.5b14x15.8x1.4x
Sat, 04 Dec 2021Mex$8.7tMex$6.7tMex$580.5b13.1x15x1.3x
Mon, 01 Nov 2021Mex$8.9tMex$6.7tMex$546.8b13.4x16.4x1.3x
Wed, 29 Sep 2021Mex$8.9tMex$6.5tMex$529.3b12.9x16.7x1.4x
Fri, 27 Aug 2021Mex$10.0tMex$6.4tMex$530.1b13.7x18.9x1.6x
Sat, 03 Jul 2021Mex$9.6tMex$6.4tMex$530.1b12.9x18.1x1.5x
Price to Earnings Ratio

18.1x


Total Market Cap: Mex$9.6tTotal Earnings: Mex$530.1bTotal Revenue: Mex$6.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.9x202220232024
Current Market PE
  • Investors are relatively neutral on the Mexican market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 14.9x.
Past Earnings Growth
  • The earnings for Mexican listed companies have grown 2.9% per year over the last three years.
  • Revenues for these companies have grown 3.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Mexican Market?

MX Market-1.38%
Energy1.88%
Industrials0.17%
Tech0%
Materials-1.32%
Healthcare-1.37%
Utilities-1.39%
Consumer Staples-1.48%
Telecom-1.58%
Consumer Discretionary-1.66%
Financials-2.01%
Real Estate-2.65%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 18.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 17.9% which is higher than its past year's earnings decline of 10.4% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 7.1% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 24% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
AC * Arca Continental. deMex$178.522.3%
+Mex$6.7b		-0.1%PE17.3xConsumer Staples
GAP B Grupo Aeroportuario del Pacífico. deMex$308.674.4%
+Mex$6.6b		-6.8%PE16.2xIndustrials
ELEKTRA * Grupo Elektra. deMex$1.08k1.6%
+Mex$3.8b		-4.2%PB2.6xFinancials
GRUMA B Gruma. deMex$340.972.0%
+Mex$2.4b		23.1%PE15.3xConsumer Staples
ORBIA * Orbia Advance Corporation. deMex$27.063.5%
+Mex$1.7b		-29.5%PS0.4xMaterials
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Finding Healthy Companies Within Healthcare

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Richard Bowman
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Last week, we looked at some of the reasons the healthcare sector has underperformed over the last few years...

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Q *

Mex$184.79

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7D

-7.4%

1Y

55.4%

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AMX B

Mex$15.66

América Móvil. de

7D

-1.3%

1Y

-16.4%

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GFINBUR O

Mex$41.93

Grupo Financiero Inbursa. de

7D

-5.7%

1Y

-3.8%

GAP B

Mex$308.67

Grupo Aeroportuario del Pacífico. de

7D

4.4%

1Y

-6.8%

FEMSA UBD

Mex$196.05

Fomento Económico Mexicano. de

7D

-1.3%

1Y

3.5%

WALMEX *

Mex$60.60

Wal-Mart de México. de

7D

-3.2%

1Y

-11.0%

Here's What Wal-Mart de México. de's (BMV:WALMEX) Strong Returns On Capital Mean

Jun 08
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PINFRA *

Mex$176.73

Promotora y Operadora de Infraestructura S. A. B. de C. V

7D

1.0%

1Y

-4.8%

Promotora y Operadora de Infraestructura S. A. B. de C. V (BMV:PINFRA) Hasn't Managed To Accelerate Its Returns

Jun 08
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CMOCTEZ *

Mex$75.00

Corporación Moctezuma. de

7D

1.6%

1Y

25.0%

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Jun 08
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GFNORTE O

Mex$137.43

Grupo Financiero Banorte. de

7D

-1.3%

1Y

-4.5%

VISTA A

Mex$798.53

Vista Energy. de

7D

1.9%

1Y

98.1%

ORBIA *

Mex$27.06

Orbia Advance Corporation. de

7D

3.5%

1Y

-29.5%

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Jun 05
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GRUMA B

Mex$340.97

Gruma. de

7D

2.0%

1Y

23.1%

Gruma. de (BMV:GRUMAB) Seems To Use Debt Quite Sensibly

Jun 03
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GMEXICO B

Mex$93.19

Grupo México. de

7D

-2.1%

1Y

7.1%

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AC *

Mex$178.52

Arca Continental. de

7D

2.3%

1Y

-0.1%

FUNO 11

Mex$22.47

Fibra UNO

7D

-7.7%

1Y

-12.4%

ELEKTRA *

Mex$1,077.56

Grupo Elektra. de

7D

1.6%

1Y

-4.2%