Overview Dividends

(FMX) Fomento Economico Mexicano - Ratings and Ratios

Exchange: NYSE • Country: Mexico • Currency: USD • Type: Common Stock • ISIN: US3444191064

Beverages, Retail, Drugstores, Fuel, Logistics

FMX EPS (Earnings per Share)

EPS Growth (3Y CAGR): -55.45%
EPS Trend (3Y Correlation): -44.6%

FMX Revenue

Revenue Growth (3Y CAGR): 7.86%
Revenue Trend (3Y Correlation): 63.8%

Description: FMX Fomento Economico Mexicano September 29, 2025

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX) is the dominant franchise bottler of Coca-Cola trademark beverages in Latin America and also runs a diversified portfolio of proximity-retail, fuel-service, pharmacy, and logistics businesses under brands such as OXXO, OXXO GAS, Cruz Verde, and Spin.

The company’s operations are organized into six segments-Coca-Cola FEMSA, Proximity Americas, Proximity Europe, Health, Fuel, and Others-and span 10 beverage markets (Mexico through Uruguay) plus retail footprints in Mexico, Colombia, Peru, Chile, Brazil, the United States, and several European countries.

Key performance metrics from FY 2023 illustrate the scale and growth dynamics: total net sales reached roughly $13.5 billion, with OXXO contributing about 30 % of revenue and delivering a 5 % same-store sales increase YoY; Coca-Cola FEMSA generated an EBITDA margin of ≈ 15 %, supported by strong volume growth in low- and no-sugar drinks; and the Fuel segment posted a 12 % margin despite volatile gasoline prices. The business benefits from macro-drivers such as rising disposable income in emerging Latin American markets, a secular shift toward convenience-store formats, and accelerating digital-payment adoption through the Spin platform.

For analysts looking to deepen their valuation framework, a quick look at ValueRay’s FMX model can surface comparable peer multiples and scenario-based cash-flow projections that complement this high-level overview.

FMX Stock Overview

Market Cap in USD	34,900m
Sub-Industry	Soft Drinks & Non-alcoholic Beverages
IPO / Inception	1998-05-11

FMX Stock Ratings

Growth Rating	52.5%
Fundamental	70.4%
Dividend Rating	89.4%
Return 12m vs S&P 500	-12.3%
Analyst Rating	3.77 of 5

FMX Dividends

Dividend Yield 12m	7.06%
Yield on Cost 5y	14.79%
Annual Growth 5y	21.21%
Payout Consistency	87.5%
Payout Ratio	2.7%

FMX Growth Ratios

Growth Correlation 3m	77.7%
Growth Correlation 12m	47.3%
Growth Correlation 5y	71.4%
CAGR 5y	14.38%
CAGR/Max DD 3y (Calmar Ratio)	0.35
CAGR/Mean DD 3y (Pain Ratio)	0.91
Sharpe Ratio 12m	-0.78
Alpha	-5.36
Beta	0.382
Volatility	24.38%
Current Volume	685.9k
Average Volume 20d	408.5k
Stop Loss	91.7 (-3.1%)
Signal	-0.25

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (25.40b TTM) > 0 and > 6% of Revenue (6% = 48.76b TTM)

FCFTA 0.01 (>2.0%) and ΔFCFTA -2.55pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 10.08% (prev 20.21%; Δ -10.13pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.13 (>3.0%) and CFO 107.50b > Net Income 25.40b (YES >=105%, WARN >=100%)

Net Debt (135.66b) to EBITDA (84.66b) ratio: 1.60 <= 3.0 (WARN <= 3.5)

Current Ratio 1.34 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (173.5m) change vs 12m ago -90.12% (target <= -2.0% for YES)

Gross Margin 41.27% (prev 40.80%; Δ 0.46pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 98.42% (prev 88.58%; Δ 9.84pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.58 (EBITDA TTM 84.66b / Interest Expense TTM 17.76b) >= 6 (WARN >= 3)

Altman Z'' 2.77

(A) 0.10 = (Total Current Assets 323.26b - Total Current Liabilities 241.37b) / Total Assets 831.04b

(B) 0.32 = Retained Earnings (Balance) 266.69b / Total Assets 831.04b

(D) 0.53 = Book Value of Equity 269.94b / Total Liabilities 505.99b

Total Rating: 2.77 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 70.42

1. Piotroski 6.50pt = 1.50

2. FCF Yield 0.63% = 0.32

3. FCF Margin 0.66% = 0.16

4. Debt/Equity 1.10 = 1.93

5. Debt/Ebitda 1.60 = 0.77

6. ROIC - WACC (= 10.57)% = 12.50

7. RoE 8.23% = 0.69

8. Rev. Trend 63.85% = 4.79

9. EPS Trend -44.56% = -2.23

What is the price of FMX shares?

As of October 30, 2025, the stock is trading at USD 94.66 with a total of 685,900 shares traded.
Over the past week, the price has changed by -1.40%, over one month by -2.61%, over three months by +4.88% and over the past year by +4.88%.

Is Fomento Economico Mexicano a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Fomento Economico Mexicano (NYSE:FMX) is currently (October 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 70.42 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FMX is around 102.17 USD . This means that FMX is currently overvalued and has a potential downside of 7.93%.

Is FMX a buy, sell or hold?

Fomento Economico Mexicano has received a consensus analysts rating of 3.77. Therefor, it is recommend to hold FMX.

Strong Buy: 3
Buy: 4
Hold: 6
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the FMX price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	110.6	16.8%
Analysts Target Price	110.6	16.8%
ValueRay Target Price	110.9	17.2%

FMX Fundamental Data Overview October 25, 2025

Market Cap MXN = 642.50b (34.90b USD * 18.4097 USD.MXN)
P/E Trailing = 41.8139
P/E Forward = 30.581
P/S = 0.0429
P/B = 2.5256
P/EG = 1.9926
Beta = 0.382
Revenue TTM = 812.67b MXN
EBIT TTM = 63.63b MXN
EBITDA TTM = 84.66b MXN
Long Term Debt = 136.22b MXN (from longTermDebt, last quarter)
Short Term Debt = 34.81b MXN (from shortTermDebt, last quarter)
Debt = 265.48b MXN (from shortLongTermDebtTotal, last quarter)
Net Debt = 135.66b MXN (from netDebt column, last quarter)
Enterprise Value = 842.47b MXN (642.50b + Debt 265.48b - CCE 65.51b)
Interest Coverage Ratio = 3.58 (Ebit TTM 63.63b / Interest Expense TTM 17.76b)
FCF Yield = 0.63% (FCF TTM 5.35b / Enterprise Value 842.47b)
FCF Margin = 0.66% (FCF TTM 5.35b / Revenue TTM 812.67b)
Net Margin = 3.13% (Net Income TTM 25.40b / Revenue TTM 812.67b)
Gross Margin = 41.27% ((Revenue TTM 812.67b - Cost of Revenue TTM 477.32b) / Revenue TTM)
Gross Margin QoQ = 40.65% (prev 40.30%)
Tobins Q-Ratio = 1.01 (Enterprise Value 842.47b / Total Assets 831.04b)
Interest Expense / Debt = 2.00% (Interest Expense 5.30b / Debt 265.48b)
Taxrate = 43.01% (4.34b / 10.09b)
NOPAT = 36.26b (EBIT 63.63b * (1 - 43.01%))
Current Ratio = 1.34 (Total Current Assets 323.26b / Total Current Liabilities 241.37b)
Debt / Equity = 1.10 (Debt 265.48b / totalStockholderEquity, last quarter 241.42b)
Debt / EBITDA = 1.60 (Net Debt 135.66b / EBITDA 84.66b)
Debt / FCF = 25.36 (Net Debt 135.66b / FCF TTM 5.35b)
Total Stockholder Equity = 308.73b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.06% (Net Income 25.40b / Total Assets 831.04b)
RoE = 8.23% (Net Income TTM 25.40b / Total Stockholder Equity 308.73b)
RoCE = 14.30% (EBIT 63.63b / Capital Employed (Equity 308.73b + L.T.Debt 136.22b))
RoIC = 16.15% (NOPAT 36.26b / Invested Capital 224.48b)
WACC = 5.58% (E(642.50b)/V(907.98b) * Re(7.42%) + D(265.48b)/V(907.98b) * Rd(2.00%) * (1-Tc(0.43)))
Discount Rate = 7.42% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -81.65 | Cagr: -68.86%
[DCF Debug] Terminal Value 74.85% ; FCFE base≈13.70b ; Y1≈11.12b ; Y5≈7.78b
Fair Price DCF = 416.6 (DCF Value 143.95b / Shares Outstanding 345.5m; 5y FCF grow -22.58% → 3.0% )
EPS Correlation: -44.56 | EPS CAGR: -55.45% | SUE: -2.65 | # QB: 0
Revenue Correlation: 63.85 | Revenue CAGR: 7.86% | SUE: -0.01 | # QB: 0

Additional Sources for FMX Stock

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