FMX Stock Analysis: Fomento Economico Mexicano | NYSE
Beverages - Brewers | NYSE, USA | Market Cap: 41.243m USD | 12M Return: 52.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 62.4M
EPS Trend: -27.5%
Qual. Beats: 0
Rev. Trend: -77.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Fomento Económico Mexicano (FEMSA) is a Mexican multinational operating as a Coca-Cola franchise bottler and a diversified retail conglomerate headquartered in Monterrey, Mexico. Its beverage arm produces, markets, and distributes Coca-Cola trademark products across Latin America, including Mexico, Brazil, Argentina, and several Central and South American countries.
Beyond beverages, FEMSA operates the OXXO small-box convenience store chain in Mexico, Colombia, Peru, Chile, Brazil, and the United States, making it one of the largest convenience store operators in Latin America by store count. The company also runs OXXO GAS fuel retail stations in Mexico, a portfolio of drugstore brands in Chile, Colombia, Ecuador, and Mexico, electronic payment processing services for small and medium-sized businesses, and European small-box retail and foodvenience chains across Switzerland, Germany, Austria, Luxembourg, and the Netherlands. This diversified structure spreads revenue across multiple consumer staples categories, reducing dependence on any single business line.
Founded in 1890 and listed on the NYSE since 1998, FEMSA is classified within the Consumer Staples sector, with bottling franchises and convenience retail representing the core of its long-standing business model.
- OXXO same-store sales growth and new store expansion across Latin America
- Coca-Cola FEMSA pricing offsets sugar and aluminum input cost inflation
- Mexican peso depreciation pressures USD-translated revenue and margins
| Net Income: 6.96b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA 1.34 > 1.0 |
| NWC/Revenue: 12.26% < 20% (prev 1.93%; Δ 10.33% < -1%) |
| CFO/TA 0.00 > 3% & CFO 3.94b > Net Income 6.96b |
| Net Debt (148b) to EBITDA (24.7b): 6.00 < 3 |
| Current Ratio: 1.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.41b) vs 12m ago 881.8% < -2% |
| Gross Margin: 40.17% > 18% (prev 40.50%; Δ -0.33% > 0.5%) |
| Asset Turnover: 62.88% > 50% (prev 517.4%; Δ -454.5% > 0%) |
| Interest Coverage Ratio: 3.54 > 6 (EBIT TTM 22.2b / Interest Expense TTM 6.27b) |
| A: 0.04 (Total Current Assets 272b - Total Current Liabilities 239b) / Total Assets 803b |
| B: 0.02 (Retained Earnings 15.5b / Total Assets 803b) |
| C: 0.05 (EBIT TTM 22.2b / Avg Total Assets 423b) |
| D: 0.43 (Book Value of Equity 217b / Total Liabilities 502b) |
| Altman-Z'' = 1.14 = BB |
| DSRI: 3.0 (Receivables 45.3b/2.26b, Revenue 266b/228b) |
| GMI: 1.01 (GM 40.50% / 40.17%) |
| AQI: 1.12 (AQ_t 0.29 / AQ_t-1 0.26) |
| SGI: 1.17 (Revenue 266b / 228b) |
| TATA: 0.00 (NI 6.96b - CFO 3.94b) / TA 803b) |
| Beneish M = -1.18 (Cap -4..+1) = D |
As of August 04, 2026, the stock is trading at USD 125.75 with a total of 503,942 shares traded. Over the past week, the price has changed by -4.84%, over one month by -2.11%, over three months by +7.22% and over the past year by +52.94%.
Current recommended Stop Loss: 115.90 (which is 7.8% or 2.3 ATR below the current price).
Fomento Economico Mexicano has received a consensus analysts rating of 3.77. Therefore, it is recommended to hold FMX.
- StrongBuy: 3
- Buy: 4
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 130.6 | 3.8% |
P/E Trailing = 25.4863
P/E Forward = 99.0099
P/S = 0.0473
P/B = 3.5054
P/EG = 5.1976
Revenue TTM = 266b USD
EBIT TTM = 22.2b USD
EBITDA TTM = 24.7b USD
Long Term Debt = 125b USD (from longTermDebt, last quarter)
Short Term Debt = 14.9b USD (from shortLongTermDebt, last quarter)
Debt = 253b USD (corrected: LT Debt 125b + ST Debt 14.9b) + Leases 113b
Net Debt = 148b USD (calculated: Debt 253b - CCE 105b)
Enterprise Value = 189b USD (41.2b + Debt 253b - CCE 105b)
Interest Coverage Ratio = 3.54 (Ebit TTM 22.2b / Interest Expense TTM 6.27b)
EV/FCF = 117.5x (Enterprise Value 189b / FCF TTM 1.61b)
FCF Yield = 0.85% (FCF TTM 1.61b / Enterprise Value 189b)
FCF Margin = 0.61% (FCF TTM 1.61b / Revenue TTM 266b)
Net Margin = 2.61% (Net Income TTM 6.96b / Revenue TTM 266b)
Gross Margin = 40.17% ((Revenue TTM 266b - Cost of Revenue TTM 159b) / Revenue TTM)
Gross Margin QoQ = 40.09% (prev 40.47%)
Tobins Q-Ratio = 0.24 (Enterprise Value 189b / Total Assets 803b)
Interest Expense / Debt = 2.48% (Interest Expense 6.27b / Debt 253b)
Taxrate = 34.82% (4.91b / 14.1b)
NOPAT = 14.5b (EBIT 22.2b * (1 - 34.82%))
Current Ratio = 1.14 (Total Current Assets 272b / Total Current Liabilities 239b)
Debt / Equity = 1.17 (Debt 253b / totalStockholderEquity, last quarter 217b)
Debt / EBITDA = 6.00 (Net Debt 148b / EBITDA 24.7b)
Debt / FCF = 91.93 (Net Debt 148b / FCF TTM 1.61b)
Total Stockholder Equity = 63.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.64% (Net Income 6.96b / Total Assets 803b)
RoE = 10.91% (Net Income TTM 6.96b / Total Stockholder Equity 63.8b)
RoCE = 11.77% (EBIT 22.2b / Capital Employed (Equity 63.8b + L.T.Debt 125b))
RoIC = 2.62% (NOPAT 14.5b / Invested Capital 552b)
WACC = 2.40% (E(41.2b)/V(294b) * Re(7.22%) + D(253b)/V(294b) * Rd(2.48%) * (1-Tc(0.35)))
Discount Rate = 7.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -11.79 | Cagr: 34.23%
[DCF] Terminal Value 75.44% ; FCFF base≈1.61b ; Y1≈1.62b ; Y5≈1.71b
[DCF] Fair Price = N/A (negative equity: EV 26.6b - Net Debt 148b = -121b; debt exceeds intrinsic value)
EPS Correlation: -27.51 | EPS CAGR: -9.05% | SUE: 0.03 | # QB: 0
Revenue Correlation: -77.15 | Revenue CAGR: -63.60% | SUE: 0.01 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.05 | Chg30d=-5.11% | Revisions=-40% | Analysts=4
EPS current Year (2026-12-31): EPS=5.70 | Chg30d=-4.46% | Revisions=-25% | GrowthEPS=+99.5% | GrowthRev=+7.7%
EPS next Year (2027-12-31): EPS=5.27 | Chg30d=-0.45% | Revisions=-17% | GrowthEPS=-7.6% | GrowthRev=+6.3%
[Analyst] Revisions Ratio: -44% (up=1, down=5)