Top 35 Mexican companies in the 2019 IPC index

The largest companies in Mexico have a great impact on the economy of the country and beyond. Here are the thirty-five largest companies on the Mexican Stock Exchange presenting their activities, logos and useful links.

In Mexico, large companies are generally incorporated as Sociedad Anónima de Capital Variable (abbreviated as SA de CV) or Sociedad Anónima Bursatil de Capital Variable (abbreviated as SAB de CV) to publicly list on the Mexican Stock Exchange, the Mexican Stock Exchange. Securities – BMV. They then have to comply with the rules of the securities regulatory agency, but they can also raise capital from investors who buy their shares.

The S&P BMV / IPC Index

To facilitate the evaluation of changes in the stock market and the Mexican economy, the shares of the 35 largest Mexican companies, except Real Estate Investment Funds and subject to some diversification, are added in the S&P / BMV IPC index ( Index of Prices and Quotations), considered the reference index of Mexico.

The real-time trading of the IPC index can be tracked with convenient graphical tools from various sources, including Yahoo Finance, Bloomberg, etc.

List of the 35 Largest Companies in the S&P / BMV IPC Index by Market Capitalization

To help you learn more about Mexican corporations, the 35 companies in the IPC index have been assembled below. Each company is presented with details on its sector, operations, market capitalization, a direct link to its website, logo and stock symbol.

The companies are classified by m Market capitalization in Mexican pesos as of the effective close on Friday, August 23, 2019.

Quick links to the 35 largest companies listed on the Mexican BMV / IPC index

To make it easier for you to navigate this long list, here are quick links to go directly to the details of any of the top 35 IPC companies.

  1. Genomma Lab International
  2. Mexican stock exchange
  3. Gentera
  4. Regional
  5. Cementos de Chihuahua Group
  6. Alsea
  7. Bank of the Bajío
  8. North Center Airport Group
  9. Alpek
  10. Megacable Holdings
  11. Infrastructure Developer and Operator
  12. Mexichem
  13. Gruma
  14. Alpha
  15. Southeast Airport Group
  16. Peñoles Industries
  17. Televisa Group
  18. Cemex
  1. Pacific Airport Group
  2. Becle
  3. Nova Energy Infrastructure
  4. Carso Group
  5. Kimberly Clark from Mexico
  6. The Port of Liverpool
  7. Inbursa Financial Group
  8. Bimbo group
  9. Banco Santander Mexico
  10. Continental Ark
  11. Coca-Cola Femsa
  12. Banorte Financial Group
  13. Elektra Group
  14. Mexico Group
  15. Mexican Economic Development
  16. America Movil
  17. Walmart de México

35. Genomma Lab International

Health sector

Genomma Lab Internacional, SA de CV, is a company dedicated to the distribution of pharmaceutical, generic and over-the-counter personal care products. Genomma Lab Internacional has grown beyond Mexico with a presence in several Latin American countries and the United States.

Website: genommalab.com  – Market Cap: MX $ 16.6 billion – Stock Symbol: LABB

34. Mexican Stock Exchange

Sector: Financial Services

Bolsa Mexicana de Valores, SAB de CV, also known as Grupo BMV or BMV Group, is a financial services company. It owns and operates the main stock exchange in Mexico, along with other financial services companies, including the derivatives exchange MexDer, custodial institution Indeval, and market data provider ValMer.

Website: bmv.com.mx  – Market capitalization: MX $ 21 billion – Stock symbol: STOCK EXCHANGE

33. Gentera

Financial sector

Founded in 1990 as the microfinance bank Compartamos Banco, Gentera, SA de CV, it is involved in financial services. Gentera offers microcredits and financial solutions for fragile populations, especially women, but also for small businesses in Mexico, Peru and Guatemala.

Website: gentera.com.mx  – Market Cap: MX $ 23.9 billion – Stock Symbol: GENTERA

32. Regional

Financial sector

Regional, SA de CV, commonly known as BanRegio, is a bank that operates mainly in central and northern Mexico. Provides banking services to small and medium-sized businesses and individuals, including  deposits, personal loans, electronic banking, home loans, and auto financing.

Website: banregio.com  – Market Cap: MX $ 29 billion – Stock Symbol: RA

31. Cementos de Chihuahua Group

Sector: Materials

Grupo Cementos de Chihuahua, SAB de CV, also known as GCC, produces, distributes and sells construction materials, including gray Portland cement, ready-mix concrete and aggregates. Founded in 1941, GCC has also expanded its operations beyond Mexico to the United States.

Website: gcc.com  – Market Cap: MX $ 33 billion – Stock Symbol: GCC

30. Alsea

Sector: Restaurants

Alsea SA, known as Alsea, is a multi-brand restaurant operator. Alsea fast food, casual and cafeteria restaurant chains in Mexico, South America with brands such as Starbucks, Burger King, Vips, Domino’s Pizza, Italianni’s, Chili’s, California Pizza Kitchen, PF Chang’s and The Cheesecake Factory.

Website: alsea.net  – Market Cap: MX $ 33.2 billion – Stock Symbol: ALSEA

29. Bank of the Bajío

Financial sector

Banco del Bajio, SA, which operates as BanBajío, is one of the largest and fastest growing banks in Mexico. BanBajío offers various commercial banking and insurance products and services to individuals, companies and public actors.

Website: bb.com.mx  – Market capitalization: MX $ 39 billion – Stock symbol: BBAJIOO

28. North Center Airport Group

Sector: Transportation

Grupo Aeroportuario Centro Norte, SAB de CV, known as OMA, is an airport operator. With 13 airports in central and northern Mexico, OMA serves approximately 15 million passengers annually.

Website: oma.aero  – Market Cap: MX $ 43.3 billion – Stock Symbol: OMAB

27. Alpek

Sector: Materials

Alpek SAB de CV, is a chemical products manufacturing company. Part of the ALFA conglomerate, Alpek produces a range of plastics and chemical compounds used in manufacturing at production plants located in the United States, Mexico, Brazil, Argentina and Chile.

Website: alpek.com  – Market Cap: MX $ 45.1 billion – Stock Symbol: ALPEKA

26. Megacable Holdings

Sector: Telecommunications

Megacable Holdings, SAB de CV, is a diversified telecommunications company. Through its subsidiaries, especially Megacable Comunicaciones, it operates cable television, provides internet and telephone services, and also sells advertising and other associated telecommunications services.

Website: megacable.com.mx  – Market capitalization: MX $ 66.4 billion – Stock symbol: MEGACPO

25. Infrastructure Promoter and Operator

Sector: Infrastructure

Promotora y Operadora de Infraestructura, SAB de CV, commonly known as Pinfra, is a company that operates infrastructures. Pinfra is dedicated to the construction, management, financing and promotion of roads, ports, railways, airports, parking lots and wastewater treatment plants. It also participates in networks of drinking water, sewerage, garbage collection and sweeping services.

Website: pinfra.com.mx  – Market capitalization: MX $ 68 billion – Stock symbol: PINFRA

24. Mexichem

Sector: Materials

Mexichem, SAB de CV, is a chemical and petrochemical company. Mexichem notably produces plastic pipes and a range of products used in infrastructure, housing, telecommunications and water distribution in Mexico, the United States, Europe, Asia, Africa, the Middle East and Latin America.

Website: mexichem.com  – Market Cap: MX $ 69.4 billion – Stock Symbol: MEXCHEM

23. Gruma

Sector: Food

Gruma, SAB de CV, is a multinational food manufacturing company. The world’s leading producer of corn flour and tortillas, Gruma also produces wheat flour, breads and derived products, rice and other staple foods. Present in more than 100 countries, Gruma’s brands include Mission Foods, Maseca and Guerrero along with a range of local brands.

Website: gruma.com  – Market Cap: MX $ 74 billion – Stock Symbol: GRUMAB

22. Alpha

Sector: Industrial Conglomerates

Alfa SA, also known as Alfa or Alfa Group, is a multinational conglomerate mainly engaged in industrial business. Alfa is dedicated to the extraction of oil and natural gas and the production of petrochemical products, the manufacture of aluminum auto parts, the production of refrigerated food and the provision of computer and telecommunications services. Headquartered in Mexico, Alfa also operates in the United States and in more than 20 countries in the Americas, Europe and Asia.

Website: alfa.com.mx  – Market capitalization: MX $ 80 billion – Stock symbol: ALFAA

21. Southeast Airport Group

Sector: Transportation

Grupo Aeroportuario del Sureste, SAB de CV, known as ASUR, is an airport operator. With 9 airports in southeastern Mexico, ASUR serves approximately 23 million passengers annually.

Website: asur.com.mx  – Market capitalization: MX $ 83.5 billion – Stock symbol: ASURB

20. Peñoles Industries

Sector: mining

Industrias Peñoles is the second largest mining company in Mexico. A subsidiary of Grupo BAL, Industrias Peñoles is the world leader in the production of silver, it also participates in the production of gold, zinc, lead, copper, bismuth and cadmium, as well as some chemical products.

Website: penoles.com.mx  – Market Cap: MX $ 84.4 billion – Stock Symbol: PE & OLES

19. Televisa Group

Sector: media

Grupo Televisa, SAB, is the largest diversified media company in Latin America and the Spanish-speaking world. Grupo Televisa operates through multiple industries, including film and television, books, magazines, and newspaper, radio, and web publications. The company also has activities in merchandising, investments, casinos and lottery.

Website: televisair.com  – Market Cap: MX $ 89.2 billion – Stock Symbol: TLEVISACPO

18. Cemex

Sector: Materials

Cemex SA, is the second largest construction materials company in the world. Founded in 1906, Cemex operates cement plants, ready-mix concrete facilities, quarries, distribution centers, and marine terminals, manufacturing and distributing cement, ready-mix concrete, and aggregates in more than 50 countries.

Website: cemex.com  – Market capitalization: MX $ 93.2 billion – Stock symbol: CEMEXCPO

17. Pacific Airport Group

Sector: Transportation

Grupo Aeroportuario del Pacífico, SAB de CV, known as GAP, is an airport operator. With 12 airports in western Mexico and 1 in Jamaica, GAP serves approximately 27 million passengers annually.

Website: airportsgap.com.mx  – Market capitalization: MX $ 93.6 billion – Stock symbol: GAPB

16. Becle

Sector: Distillers and wineries

Becle, SAB de CV, is a multinational spirits company and the largest tequila company in the world. Becle produces and distributes alcoholic and non-alcoholic beverages, ready-to-drink cocktails, and agricultural products in Mexico, the United States, and internationally. It operates through the Jose Cuervo family of brands, as well as Three Olives, Hangar 1, Stranahan’s, Bushmills and Boodles.

Website: cuervo.com.mx  – Market capitalization: MX $ 103.8 billion – Stock symbol: CUERVO

15. Nova Energy Infrastructure

Sector: Utilities

Infraestructura Energética Nova, SAB de CV, commonly known as IEnova, is a public services company that operates in the gas and electricity segments in Mexico. A subsidiary of Sempra Energy, IEnova develops, builds and operates pipelines and infrastructure for natural gas and liquefied petroleum gas (LPG). It also manages a natural gas power plant and wind turbines.

Website: ienova.com.mx  – Market capitalization: MX $ 111.9 billion – Stock symbol: IENOVA

14. Carso Group

Sector: Industrial Conglomerates

Grupo Carso is a diversified conglomerate that operates in Mexico and Latin America. Through its subsidiaries, it operates in industrial businesses with Grupo Condumex, retailers with Grupo Sanborns, infrastructure and construction with Carso Infraestructura y Construcción, and energy with Carso Energy.

Website: carso.com.mx  – Market Cap: MX $ 118.2 billion – Stock Symbol: GCARSO A1

13. Kimberly-Clark from Mexico

Sector: Household products

Kimberly-Clark de México, SAB de CV, a subsidiary of the American corporation Kimberly-Clark, is dedicated to the manufacture and marketing of hygiene and health care products. Founded in 1931, the company’s products include diapers and baby care products, feminine pads, incontinence care products, bath tissues, napkins, facial tissues, hand and kitchen towels, wet wipes and health care products.

Website: kimberly-clark.com.mx  – Market Cap: MX $ 120.6 billion – Stock Symbol: KIMBERA

12. The Port of Liverpool

Sector: Retail

The Port of Liverpool, SAB de CV, commonly known as Liverpool, is a retail company that operates a chain of department stores in Mexico, including the names Liverpool and Factories of France, as well as duty-free stores and specialty boutiques.

Website: elpuertodeliverpool.mx  – Market capitalization: MX $ 134 billion – Stock symbol: LIVEPOLC-1

11. Inbursa Financial Group

Financial sector

Grupo Financiero Inbursa, more simply known as Inbursa, is a leading financial institution in Mexico. Through its subsidiaries, it operates lines of business in mutual funds, general, automobile and health insurance, mortgages, retirement funds and commercial banking.

Website: inbursa.com  – Market Cap: MX $ 145.4 billion – Stock Symbol: GFINBURO

10. Grupo Bimbo

Sector: Food

Grupo Bimbo, SAB de CV, is a multinational company that manufactures bakery products. Operating in 32 countries in the Americas, Europe, Asia and Africa, the company’s brands include Bimbo, Marinela, Oroweat, as well as a wide range of local brands.

Website: grupobimbo.com  – Market capitalization: MX $ 154 billion – Stock symbol: BIMBOA

9. Banco Santander México

Financial sector

Banco Santander México is a subsidiary of the Spanish bank Banco Santander. The bank offers a range of banking and insurance and related services to individuals, companies and public actors around the world. Mexico

Website: santander.com.mx  – Market capitalization: MX $ 172.6 billion – Stock symbol: BSMXB

8. Arca Continental

Sector: Soft drinks

Arca Continental SAB de CV, commonly known as Arca Continental or Arca Contal, is a beverage manufacturing and distribution company. Arca Continental produces soft drinks for brands owned or licensed by The Coca-Cola Company in Mexico, Ecuador, Peru, northern Argentina and the southwestern United States.

Website: arcacontal.com  – Market Cap: MX $ 178 billion – Stock Symbol: AC

7. Coca-Cola FEMSA

Sector: Soft drinks

Coca-Cola FEMSA, SAB de CV, known as Coca-Cola FEMSA or KOF, is a multinational beverage company, a subsidiary of FEMSA, owner of 48%, with 28% in the hands of subsidiaries of The Coca-Cola Company. Coca-Cola FEMSA is the largest Coca-Cola bottlers franchise in the world, operating in Latin America and the Philippines.

Website: coca-colafemsa.com  – Market Cap: MX $ 239.9 billion – Stock Symbol: KOFL

6. Grupo Financiero Banorte

Financial sector

Grupo Financiero Banorte, commonly known as Banorte, is a leading financial institution in Mexico. Through its subsidiaries, it provides banking, brokerage and warehousing services, as well as leasing and factoring operations. Banorte also participates in insurance, retirement savings, and international money transfers.

Website: banorte.com  – Market Cap: MX $ 295.7 billion – Stock Symbol: GFNORTEO

5. Elektra Group

Financial sector

Grupo Elektra, SAB de CV, is a financial and retail company. It is a leader in specialized commercial and financial services in Latin America, and also provides short-term non-bank loans in the United States.

Website: grupoelektra.com.mx  – Market capitalization: MX $ 321.5 billion – Stock symbol: ELEKTRA

4. Mexico Group

Sector: mining

Grupo México, SAB de CV, is the largest mining company in Mexico, it also participates in rail transportation and infrastructure through its subsidiary, GMéxico Transportes. With operations in Mexico, Peru, the United States, Argentina, Chile, Ecuador and Spain, Grupo México is the world’s third largest copper producer.

Website: gmexico.com  – Market Cap: MX $ 335.2 billion – Stock Symbol: GMEXICOB

3. Mexican Economic Development

Sector: Retail

Fomento Económico Mexicano, SAB de CV, which operates as FEMSA, is a multinational beverage and retail company. As the 48% owner of Coca-Cola FEMSA, FEMSA also participates in retail trade through OXXO, the largest convenience store chain in Mexico with more than 14,000 stores. FEMSA is also the second largest shareholder in Heineken International.

Website: femsa.com  – Market Cap: MX $ 581.1 billion – Stock Symbol: FEMSAUBD

2. América Móvil

Sector: Telecommunications

América Móvil, SAB de CV, is a telecommunications company. It is operating in Mexico through its subsidiary Telcel, which is the largest mobile operator in the country, with a market share of over 70%. The company also operates in many countries in Latin America and the Caribbean through its Claro subsidiaries.

Website: americamovil.com  – Market Cap: MX $ 870.5 billion – Stock Symbol: AMXL

1. Walmart de México

Sector: Retail

Walmart de México, SAB de CV, also known as Walmex, is Walmart’s largest subsidiary outside of the United States. It operates thousands of hypermarkets, discount department stores and supermarkets in Mexico, Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica.

Website: walmex.mx  – Market capitalization: MX $ 984.7 billion – Stock symbol: WALMEX

Here are the 35 largest public companies in Mexico. Do you think they are worth their market capitalization? Are your stocks a good investment right now? Do they have too much economic power … and perhaps also political power?

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