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Mexican (IPC) Market Analysis & Valuation

UpdatedJul 09, 2024
DataAggregated Company Financials
Companies117
  • 7D0.4%
  • 3M-6.1%
  • 1Y-1.1%
  • YTD-5.7%

The Materials sector gained 4.3% while the market remained flat over the last week. In line with that, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jul 2024Mex$9.0tMex$7.1tMex$582.5b12.6x15.4x1.3x
Thu, 06 Jun 2024Mex$8.9tMex$7.1tMex$565.6b13.1x15.7x1.3x
Sat, 04 May 2024Mex$9.4tMex$7.1tMex$569.2b12.9x16.5x1.3x
Mon, 01 Apr 2024Mex$9.6tMex$7.1tMex$580.7b13.7x16.5x1.4x
Wed, 28 Feb 2024Mex$9.6tMex$7.2tMex$583.4b13.5x16.5x1.3x
Fri, 26 Jan 2024Mex$9.6tMex$7.4tMex$662.0b12.9x14.4x1.3x
Sun, 24 Dec 2023Mex$9.8tMex$7.4tMex$656.4b13.2x15x1.3x
Tue, 21 Nov 2023Mex$9.0tMex$7.4tMex$657.0b11.7x13.7x1.2x
Thu, 19 Oct 2023Mex$8.8tMex$7.5tMex$672.0b12.5x13x1.2x
Sat, 16 Sep 2023Mex$9.1tMex$7.4tMex$659.2b12.7x13.7x1.2x
Mon, 14 Aug 2023Mex$9.2tMex$7.4tMex$654.4b13.2x14.1x1.2x
Wed, 12 Jul 2023Mex$9.2tMex$7.3tMex$636.1b13.7x14.5x1.3x
Fri, 09 Jun 2023Mex$9.3tMex$7.3tMex$638.8b13.3x14.6x1.3x
Sun, 07 May 2023Mex$9.5tMex$7.4tMex$668.4b13.2x14.2x1.3x
Tue, 04 Apr 2023Mex$9.5tMex$7.2tMex$660.9b12x14.4x1.3x
Thu, 02 Mar 2023Mex$9.4tMex$7.3tMex$678.8b11.3x13.9x1.3x
Sat, 28 Jan 2023Mex$9.7tMex$7.2tMex$663.8b12x14.6x1.3x
Mon, 26 Dec 2022Mex$9.1tMex$7.3tMex$649.0b11.7x14x1.2x
Wed, 23 Nov 2022Mex$9.2tMex$7.3tMex$649.6b11.5x14.2x1.3x
Fri, 21 Oct 2022Mex$8.4tMex$7.2tMex$628.4b10.8x13.4x1.2x
Sun, 18 Sep 2022Mex$8.5tMex$7.2tMex$626.6b11.3x13.5x1.2x
Tue, 16 Aug 2022Mex$8.8tMex$7.2tMex$625.7b11.6x14.1x1.2x
Thu, 14 Jul 2022Mex$8.6tMex$7.0tMex$636.6b11.9x13.5x1.2x
Sat, 11 Jun 2022Mex$8.5tMex$6.9tMex$623.8b12.1x13.7x1.2x
Mon, 09 May 2022Mex$8.6tMex$6.9tMex$616.3b12.3x13.9x1.3x
Wed, 06 Apr 2022Mex$9.6tMex$6.7tMex$567.8b14.4x16.9x1.4x
Fri, 04 Mar 2022Mex$9.3tMex$6.7tMex$587.1b13.6x15.8x1.4x
Sun, 30 Jan 2022Mex$8.7tMex$6.6tMex$584.3b13.6x14.9x1.3x
Tue, 28 Dec 2021Mex$9.1tMex$6.6tMex$577.0b14.3x15.8x1.4x
Thu, 25 Nov 2021Mex$8.7tMex$6.7tMex$580.5b12.7x15x1.3x
Sat, 23 Oct 2021Mex$8.9tMex$6.5tMex$526.3b12.8x17x1.4x
Mon, 20 Sep 2021Mex$8.8tMex$6.5tMex$527.6b13x16.7x1.4x
Wed, 18 Aug 2021Mex$9.9tMex$6.4tMex$530.1b13.7x18.8x1.5x
Price to Earnings Ratio

18.4x


Total Market Cap: Mex$9.8tTotal Earnings: Mex$530.1bTotal Revenue: Mex$6.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.8x202220232024
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 14.8x.
Past Earnings Growth
  • The earnings for Mexican listed companies have grown 3.2% per year over the last three years.
  • Revenues for these companies have grown 3.4% 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 Market0.35%
Materials4.26%
Healthcare2.28%
Real Estate1.13%
Energy0.97%
Telecom0.68%
Consumer Discretionary0.31%
Tech0%
Financials-0.042%
Utilities-0.76%
Consumer Staples-0.90%
Industrials-1.08%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 18.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 14.5% which is higher than its past year's earnings decline of 3.4% 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 Energy sector, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 9.4% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 23% 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
GMEXICO B Grupo México. deMex$108.107.2%
+Mex$56.5b		28.4%PE14.5xMaterials
AMX B América Móvil. deMex$15.840.7%
+Mex$6.2b		-13.3%PE16.4xTelecom
PE&OLES * Industrias Peñoles. deMex$250.995.2%
+Mex$5.0b		7.5%PE53xMaterials
GRUMA B Gruma. deMex$340.573.5%
+Mex$4.2b		20.3%PE15.7xConsumer Staples
LIVEPOL C-1 El Puerto de Liverpool. deMex$135.982.2%
+Mex$3.9b		30.4%PE9xConsumer Discretionary
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Mex$340.57

Gruma. de

7D

3.5%

1Y

20.3%

ALFA A

Mex$11.24

Alfa. de

7D

5.6%

1Y

11.0%

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AMX B

Mex$15.84

América Móvil. de

7D

0.7%

1Y

-13.3%

GMXT *

Mex$36.16

GMéxico Transportes. de

7D

-2.8%

1Y

-7.5%

GAP B

Mex$279.08

Grupo Aeroportuario del Pacífico. de

7D

-2.3%

1Y

-12.0%

ASUR B

Mex$541.62

Grupo Aeroportuario del Sureste S. A. B. de C. V

7D

-2.6%

1Y

11.3%

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LIVEPOL C-1

Mex$135.98

El Puerto de Liverpool. de

7D

2.2%

1Y

30.4%

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Jul 03
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GMEXICO B

Mex$108.10

Grupo México. de

7D

7.2%

1Y

28.4%

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BIMBO A

Mex$63.51

Grupo Bimbo. de

7D

-5.0%

1Y

-27.5%

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PE&OLES *

Mex$250.99

Industrias Peñoles. de

7D

5.2%

1Y

7.5%

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Jun 27
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CEMEX CPO

Mex$11.32

CEMEX. de

7D

-2.2%

1Y

-3.2%

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Jun 26
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FEMSA UBD

Mex$197.78

Fomento Económico Mexicano. de

7D

-0.4%

1Y

6.3%

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WALMEX *

Mex$61.89

Wal-Mart de México. de

7D

-1.0%

1Y

-10.4%

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FRAGUA B

Mex$960.00

Corporativo Fragua. de

7D

3.1%

1Y

102.8%

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Jun 08
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FIBRAPL 14

Mex$63.44

FIBRA Prologis

7D

4.4%

1Y

-2.2%

BACHOCO B

Mex$85.00

Industrias Bachoco. de

7D

-7.6%

1Y

3.5%