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Mexican (IPC) Market Analysis & Valuation
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies139
- 7D1.1%
- 3M-6.6%
- 1Y-0.9%
- YTD0.09%
The market has climbed 1.1% in the last 7 days, lead by the Consumer Staples sector with a gain of 5.4%. Meanwhile, the Industrials sector has underperformed, shrinking 4.5% in that time. As for last year, the market performance has been flat. As for the next few years, earnings are expected to grow by 9.5% per annum.
Market Valuation and Performance
Has the Mexican Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | Mex$10.2t | Mex$8.6t | Mex$751.2b | 12.1x | 13.5x | 1.2x |
| Thu, 28 Sep 2023 | Mex$10.4t | Mex$8.6t | Mex$756.8b | 12.9x | 13.8x | 1.2x |
| Sat, 26 Aug 2023 | Mex$10.6t | Mex$8.5t | Mex$748.0b | 12.8x | 14.2x | 1.3x |
| Mon, 24 Jul 2023 | Mex$10.8t | Mex$8.4t | Mex$747.4b | 12.9x | 14.5x | 1.3x |
| Wed, 21 Jun 2023 | Mex$10.8t | Mex$8.4t | Mex$733.4b | 13.1x | 14.7x | 1.3x |
| Fri, 19 May 2023 | Mex$10.9t | Mex$8.4t | Mex$735.5b | 13.2x | 14.8x | 1.3x |
| Sun, 16 Apr 2023 | Mex$10.9t | Mex$8.2t | Mex$723.7b | 12.5x | 15x | 1.3x |
| Tue, 14 Mar 2023 | Mex$9.4t | Mex$7.5t | Mex$653.3b | 12x | 14.5x | 1.3x |
| Thu, 09 Feb 2023 | Mex$9.5t | Mex$7.4t | Mex$652.6b | 11.7x | 14.5x | 1.3x |
| Sat, 07 Jan 2023 | Mex$9.3t | Mex$7.4t | Mex$646.1b | 11.9x | 14.4x | 1.3x |
| Mon, 05 Dec 2022 | Mex$9.2t | Mex$7.4t | Mex$647.4b | 11.9x | 14.2x | 1.2x |
| Wed, 02 Nov 2022 | Mex$9.1t | Mex$8.4t | Mex$2.6t | 11.5x | 3.5x | 1.1x |
| Fri, 30 Sep 2022 | Mex$8.3t | Mex$7.2t | Mex$627.9b | 10.6x | 13.2x | 1.1x |
| Sun, 28 Aug 2022 | Mex$8.6t | Mex$7.2t | Mex$625.9b | 11.4x | 13.7x | 1.2x |
| Tue, 26 Jul 2022 | Mex$8.7t | Mex$7.1t | Mex$625.7b | 12.1x | 13.9x | 1.2x |
| Thu, 23 Jun 2022 | Mex$8.4t | Mex$6.8t | Mex$624.4b | 12.2x | 13.4x | 1.2x |
| Sat, 21 May 2022 | Mex$8.8t | Mex$6.9t | Mex$622.4b | 11.9x | 14.1x | 1.3x |
| Mon, 18 Apr 2022 | Mex$9.3t | Mex$6.7t | Mex$569.1b | 14.3x | 16.4x | 1.4x |
| Wed, 16 Mar 2022 | Mex$9.1t | Mex$6.7t | Mex$575.6b | 14.3x | 15.9x | 1.4x |
| Fri, 11 Feb 2022 | Mex$9.0t | Mex$6.5t | Mex$568.6b | 14x | 15.9x | 1.4x |
| Sun, 09 Jan 2022 | Mex$9.1t | Mex$6.6t | Mex$575.4b | 13.8x | 15.7x | 1.4x |
| Tue, 07 Dec 2021 | Mex$8.7t | Mex$6.6t | Mex$579.1b | 13.1x | 15.1x | 1.3x |
| Thu, 04 Nov 2021 | Mex$9.0t | Mex$6.7t | Mex$543.5b | 12.8x | 16.6x | 1.3x |
| Sat, 02 Oct 2021 | Mex$8.8t | Mex$6.5t | Mex$530.5b | 13.4x | 16.6x | 1.3x |
| Mon, 30 Aug 2021 | Mex$10.1t | Mex$6.4t | Mex$530.1b | 13.7x | 19x | 1.6x |
| Tue, 06 Jul 2021 | Mex$9.6t | Mex$6.4t | Mex$530.1b | 12.9x | 18.1x | 1.5x |
| Fri, 09 Apr 2021 | Mex$9.1t | Mex$6.1t | Mex$399.7b | 13.6x | 22.7x | 1.5x |
| Thu, 31 Dec 2020 | Mex$8.8t | Mex$6.1t | Mex$280.1b | 16.6x | 31.5x | 1.5x |
Price to Earnings Ratio
28.5x
Current Market PE
- Investors are pessimistic on the Mexican market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 13.5x which is lower than its 3-year average PE of 17.7x.
Past Earnings Growth
- The earnings for Mexican listed companies have grown 41% per year over the last three years.
- Revenues for these companies have grown 12% 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 | 1.06% | |
| Consumer Staples | 5.43% | |
| Healthcare | 2.71% | |
| Consumer Discretionary | 1.60% | |
| Financials | 1.44% | |
| Utilities | 0.091% | |
| Real Estate | 0.048% | |
| Tech | 0% | |
| Telecom | -0.37% | |
| Materials | -1.29% | |
| Industrials | -4.52% | |
| Energy | -8.72% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth even though it's trading below its 3-year average PE ratio of 24.0x.
- Analysts are expecting annual earnings growth of 9.1%, which is lower than the prior year's growth of 24.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 21% over the next 5 years.
- However this is lower than its past earnings growth rate of 48% per year.
- In contrast, the Real Estate sector is expected to see its earnings decline by 19% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| WALMEX * Wal-Mart de México. de | Mex$66.21 | 9.9% +Mex$104.1b | -13.5% | PE22.5x | Consumer Staples | |
| FEMSA UBD Fomento Económico Mexicano. de | Mex$192.87 | 5.2% +Mex$33.9b | 35.6% | PE17.3x | Consumer Staples | |
| AC * Arca Continental. de | Mex$167.07 | 7.8% +Mex$20.5b | 2.9% | PE16.8x | Consumer Staples | |
| GFINBUR O Grupo Financiero Inbursa. de | Mex$36.10 | 5.9% +Mex$12.2b | -1.3% | PB1x | Financials | |
| GMEXICO B Grupo México. de | Mex$75.95 | 1.7% +Mex$10.1b | 5.7% | PE9.2x | Materials |
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