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Mexican (IPC) Market Analysis & Valuation

UpdatedMay 08, 2024
DataAggregated Company Financials
Companies117
  • 7D1.3%
  • 3M-1.6%
  • 1Y2.4%
  • YTD-0.4%

The Communication Services sector has led the market, which has gained 1.3%. The market has been flat overall in the last year. 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
Wed, 08 May 2024Mex$9.5tMex$7.1tMex$568.3b13.2x16.7x1.3x
Fri, 05 Apr 2024Mex$9.6tMex$7.1tMex$580.9b13.6x16.5x1.4x
Sun, 03 Mar 2024Mex$9.5tMex$7.1tMex$584.2b13.7x16.3x1.3x
Tue, 30 Jan 2024Mex$9.8tMex$7.4tMex$662.6b13.3x14.7x1.3x
Thu, 28 Dec 2023Mex$9.9tMex$7.4tMex$656.0b13.3x15.1x1.3x
Sat, 25 Nov 2023Mex$9.2tMex$7.4tMex$657.1b11.9x14x1.2x
Mon, 23 Oct 2023Mex$8.6tMex$7.5tMex$659.9b11.9x13.1x1.1x
Wed, 20 Sep 2023Mex$9.0tMex$7.4tMex$659.0b12.7x13.7x1.2x
Fri, 18 Aug 2023Mex$9.3tMex$7.4tMex$655.0b13.1x14.2x1.2x
Sun, 16 Jul 2023Mex$9.3tMex$7.3tMex$645.4b13.1x14.3x1.3x
Tue, 13 Jun 2023Mex$9.3tMex$7.3tMex$638.1b13.5x14.6x1.3x
Thu, 11 May 2023Mex$9.7tMex$7.4tMex$666.8b13.2x14.5x1.3x
Sat, 08 Apr 2023Mex$9.4tMex$7.0tMex$662.6b12x14.2x1.3x
Mon, 06 Mar 2023Mex$9.5tMex$7.3tMex$661.6b11.5x14.4x1.3x
Wed, 01 Feb 2023Mex$9.6tMex$7.2tMex$665.7b11.9x14.4x1.3x
Fri, 30 Dec 2022Mex$8.9tMex$7.2tMex$663.0b11.8x13.4x1.2x
Sun, 27 Nov 2022Mex$9.2tMex$7.3tMex$648.8b11.5x14.2x1.3x
Tue, 25 Oct 2022Mex$8.5tMex$7.3tMex$635.8b10.8x13.4x1.2x
Thu, 22 Sep 2022Mex$8.6tMex$7.2tMex$626.4b11.1x13.7x1.2x
Sat, 20 Aug 2022Mex$8.8tMex$7.2tMex$627.6b11.5x13.9x1.2x
Mon, 18 Jul 2022Mex$8.6tMex$7.0tMex$610.7b11.9x14x1.2x
Wed, 15 Jun 2022Mex$8.5tMex$6.9tMex$628.4b11.9x13.5x1.2x
Fri, 13 May 2022Mex$8.5tMex$6.9tMex$618.5b12x13.7x1.2x
Sun, 10 Apr 2022Mex$9.4tMex$6.7tMex$569.9b14.2x16.6x1.4x
Tue, 08 Mar 2022Mex$9.2tMex$6.7tMex$592.6b13.6x15.6x1.4x
Thu, 03 Feb 2022Mex$8.9tMex$6.6tMex$586.4b13.9x15.2x1.3x
Sat, 01 Jan 2022Mex$9.2tMex$6.6tMex$575.8b14.4x15.9x1.4x
Mon, 29 Nov 2021Mex$8.6tMex$6.7tMex$583.6b12.8x14.7x1.3x
Wed, 27 Oct 2021Mex$9.0tMex$6.6tMex$530.5b12.7x16.9x1.4x
Fri, 24 Sep 2021Mex$8.8tMex$6.5tMex$527.9b13x16.7x1.4x
Sun, 22 Aug 2021Mex$9.9tMex$6.4tMex$530.1b13.6x18.6x1.5x
Fri, 09 Jul 2021Mex$9.6tMex$6.4tMex$530.1b12.9x18.1x1.5x
Price to Earnings Ratio

23.9x


Total Market Cap: Mex$9.5tTotal Earnings: Mex$399.7bTotal Revenue: Mex$6.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 15.1x202220232024
Current Market PE
  • Investors are optimistic on the Mexican market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 16.7x which is higher than its 3-year average PE of 15.1x.
Past Earnings Growth
  • The earnings for Mexican listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 4.9% 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 Market1.33%
Consumer Discretionary3.67%
Telecom2.81%
Industrials2.26%
Financials1.27%
Consumer Staples0.85%
Real Estate0.39%
Healthcare0.31%
Materials0.28%
Energy0.0013%
Tech0%
Utilities0%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 19.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 15.9% which is higher than its past year's earnings decline of 10.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 28% 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 21% 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
WALMEX * Wal-Mart de México. deMex$65.532.5%
+Mex$28.1b		-12.5%PE21.5xConsumer Staples
GCARSO A1 Grupo Carso. deMex$145.538.0%
+Mex$24.4b		40.0%PE25.7xIndustrials
AMX B América Móvil. deMex$16.601.8%
+Mex$17.7b		-13.7%PE17.3xTelecom
LIVEPOL C-1 El Puerto de Liverpool. deMex$146.006.8%
+Mex$12.5b		34.2%PE9.7xConsumer Discretionary
GFNORTE O Grupo Financiero Banorte. deMex$173.272.2%
+Mex$10.7b		10.3%PB1.9xFinancials
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Q *

Mex$202.24

Quálitas Controladora. de

7D

-9.7%

1Y

67.7%

BIMBO A

Mex$71.14

Grupo Bimbo. de

7D

-0.9%

1Y

-27.8%

Grupo Bimbo. de (BMV:BIMBOA) Is Increasing Its Dividend To MX$0.94

May 04
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PINFRA *

Mex$184.87

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

7D

7.4%

1Y

-0.5%

Industry Analysts Just Made A Substantial Upgrade To Their Promotora y Operadora de Infraestructura, S. A. B. de C. V. (BMV:PINFRA) Revenue Forecasts

May 04
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AMX B

Mex$16.60

América Móvil. de

7D

1.8%

1Y

-13.7%

América Móvil. de (BMV:AMXB) Is Paying Out A Larger Dividend Than Last Year

May 03
América Móvil. de (BMV:AMXB) Is Paying Out A Larger Dividend Than Last Year

CEMEX CPO

Mex$13.19

CEMEX. de

7D

-2.8%

1Y

14.1%

ASUR B

Mex$565.62

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

7D

-3.9%

1Y

11.3%

CHDRAUI B

Mex$123.62

Grupo Comercial Chedraui. de

7D

-2.3%

1Y

18.4%

FEMSA UBD

Mex$203.04

Fomento Económico Mexicano. de

7D

1.3%

1Y

15.0%

Calculating The Intrinsic Value Of Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSAUBD)

Apr 30
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GFINBUR O

Mex$48.84

Grupo Financiero Inbursa. de

7D

2.9%

1Y

11.5%

Analysts Are Betting On Grupo Financiero Inbursa, S.A.B. de C.V. (BMV:GFINBURO) With A Big Upgrade This Week

Apr 27
Analysts Are Betting On Grupo Financiero Inbursa, S.A.B. de C.V. (BMV:GFINBURO) With A Big Upgrade This Week

GMEXICO B

Mex$104.33

Grupo México. de

7D

-1.4%

1Y

24.3%

LIVEPOL C-1

Mex$146.00

El Puerto de Liverpool. de

7D

6.8%

1Y

34.2%

El Puerto de Liverpool. de (BMV:LIVEPOLC-1) Is Increasing Its Dividend To MX$1.77

Apr 26
El Puerto de Liverpool. de (BMV:LIVEPOLC-1) Is Increasing Its Dividend To MX$1.77

WALMEX *

Mex$65.53

Wal-Mart de México. de

7D

2.5%

1Y

-12.5%

Wal-Mart de México, S.A.B. de C.V. (BMV:WALMEX) Just Released Its First-Quarter Earnings: Here's What Analysts Think

Apr 26
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FIBRAPL 14

Mex$63.37

FIBRA Prologis

7D

-6.2%

1Y

7.2%

GCARSO A1

Mex$145.53

Grupo Carso. de

7D

8.0%

1Y

40.0%

GFNORTE O

Mex$173.27

Grupo Financiero Banorte. de

7D

2.2%

1Y

10.3%

BACHOCO B

Mex$85.00

Industrias Bachoco. de

7D

-7.6%

1Y

3.5%