FMX Stock Analysis: Fomento Economico Mexicano | NYSE

Beverages, Convenience Stores, Fuel Stations, Pharmacies

Total Rating 67

Safety 89

Buy Signal 0.17

Beverages - Brewers
Industry Rotation: +14.4

Market Cap: 39.9B
Avg Turnover: 52.4M

Risk 3d forecast

Volatility25.4%

VaR 5^th Pctl4.31%

VaR vs Median2.87%

Reward TTM

Sharpe Ratio1.29

Rel. Str. IBD71.6

Rel. Str. Peer Group59.1

Character TTM

Beta0.344

Beta Downside0.119

Hurst Exponent0.457

Drawdowns 3y

Max DD41.28%

CAGR/Max DD0.25

CAGR/Mean DD0.55

EPS (Earnings per Share)

EPS CAGR: -9.05%
EPS Trend: -27.5%

Last SUE: 0.03
Qual. Beats: 0

Revenue

Rev. CAGR: -72.00%
Rev. Trend: -89.2%

Last SUE: -0.59
Qual. Beats: 0

Warnings

Earnings Expected To Drop (P/E To P/E Forward)

Tailwinds

No distinct edge detected

Seasonality 11.7 years of data

Jan +0.3% 27

Feb +3.0% 12

Mar +1.5% 20

Apr +2.7% 29

May +0.6% 8

Jun +1.6% 17

Jul -1.7% 23

Aug -2.9% 49

Sep -0.3% 23

Oct -1.0% 11

Nov +0.9% 13

Dec +0.6% 0

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.

Description: FMX Fomento Economico Mexicano

Fomento Económico Mexicano (FEMSA), traded on the NYSE under the ticker FMX, is a Mexican multinational founded in 1890 and headquartered in Monterrey, Mexico. It operates as a major franchise bottler of Coca-Cola trademark beverages across Latin America, producing, marketing, and distributing brands in countries including Mexico, Guatemala, Colombia, Brazil, and Argentina. The company is organized into segments such as Coca-Cola FEMSA, Proximity Americas, Proximity Europe, and Health, among others.

Beyond beverages, FEMSA runs a large small-box retail chain under the OXXO brand in Mexico, Colombia, Peru, Chile, Brazil, and the United States, along with OXXO GAS service stations in Mexico. It also operates drugstores in Chile, Colombia, Ecuador, and Mexico under brands such as Cruz Verde and Fybeca, while its European proximity division manages small-box retail and foodvenience concepts like k kiosk, BackWerk, and avec in Switzerland, Germany, Austria, Luxembourg, and the Netherlands. Additional businesses include fuel retail, transport logistics, electronic payment processing for small and medium-sized businesses (Spin), and the Bara discount grocery banner. As a constituent of the GICS Consumer Staples sector, FEMSAs operations span bottling, convenience retail, fuel, and pharmacy verticals.

Headlines to Watch Out For

OXXO same-store sales and store count expansion lift Mexico revenue
Mexican peso weakness pressures USD-translated bottling margins
Coca-Cola FEMSA Latin America pricing offsets volume softness

Piotroski VR-10 (Strict) 4.0

Net Income: 1.74b TTM > 0 and > 6% of Revenue
FCF/TA: 0.08 > 0.02 and ΔFCF/TA 8.79 > 1.0
NWC/Revenue: 3.86% < 20% (prev 1.90%; Δ 1.95% < -1%)
CFO/TA 0.13 > 3% & CFO 5.74b > Net Income 1.74b
Net Debt (123b) to EBITDA (25.2b): 4.90 < 3
Current Ratio: 1.14 > 1.5 & < 3
Outstanding Shares: last quarter (341.3m) vs 12m ago -1.65% < -2%
Gross Margin: 40.50% > 18% (prev 40.50%; Δ 0.01% > 0.5%)
Asset Turnover: 107.6% > 50% (prev 517.4%; Δ -409.8% > 0%)
Interest Coverage Ratio: 21.46 > 6 (EBIT TTM 22.7b / Interest Expense TTM 1.06b)

Altman Z'' 5.17

A: 0.04 (Total Current Assets 15.6b - Total Current Liabilities 13.7b) / Total Assets 45.9b
B: 0.32 (Retained Earnings 14.8b / Total Assets 45.9b)
C: 0.51 (EBIT TTM 22.7b / Avg Total Assets 45.0b)
D: 0.43 (Book Value of Equity 12.4b / Total Liabilities 28.7b)
Altman-Z'' = 5.17 = AAA

Beneish M -4.00

DSRI: 3.0 (Receivables 45.3b/3.73b, Revenue 48.4b/228b)
GMI: 1.00 (GM 40.50% / 40.50%)
AQI: -21.20 (AQ_t -5.77 / AQ_t-1 0.27)
SGI: 0.21 (Revenue 48.4b / 228b)
TATA: -0.09 (NI 1.74b - CFO 5.74b) / TA 45.9b)
Beneish M = -15.12 (Cap -4..+1) = AAA

What is the price of FMX shares?

As of October 13, 2026, the stock is trading at USD 121.65 with a total of 357,180 shares traded. Over the past week, the price has changed by +4.05%, over one month by +0.32%, over three months by -4.39% and over the past year by +41.01%.

Current recommended Stop Loss: 118.10 (which is 2.9% or 1.3 ATR below the current price).

Is FMX a buy, sell or hold?

Fomento Economico Mexicano has received a consensus analysts rating of 3.73. Therefore, it is recommended to hold FMX.

StrongBuy: 5
Buy: 2
Hold: 7
Sell: 1
StrongSell: 0

What are the forecasts/targets for the FMX price?

Analysts Target Price	134.1	10.3%

Fomento Economico Mexicano (FMX) - Fundamental Data Overview as of 08 October 2026

Market Cap USD = 39.9b (39.9b USD * 1.0 USD.USD)
P/E Trailing = 8.3082
P/E Forward = 89.2857
P/S = 0.0457
P/B = 3.2432
P/EG = 4.7275
Revenue TTM = 48.4b USD
EBIT TTM = 22.7b USD
EBITDA TTM = 25.2b USD
Long Term Debt = 125b USD (from longTermDebt, last quarter)
Short Term Debt = 1.74b USD (from shortTermDebt, last quarter)
Debt = 240b USD (corrected: LT Debt 125b + ST Debt 1.74b) + Leases 113b
Net Debt = 123b USD (calculated: Debt 240b - CCE 117b)
Enterprise Value = 163b USD (39.9b + Debt 240b - CCE 117b)
Interest Coverage Ratio = 21.46 (Ebit TTM 22.7b / Interest Expense TTM 1.06b)
EV/FCF = 46.44x (Enterprise Value 163b / FCF TTM 3.51b)
FCF Yield = 2.15% (FCF TTM 3.51b / Enterprise Value 163b)
FCF Margin = 7.26% (FCF TTM 3.51b / Revenue TTM 48.4b)
Net Margin = 3.60% (Net Income TTM 1.74b / Revenue TTM 48.4b)
Gross Margin = 40.50% ((Revenue TTM 48.4b - Cost of Revenue TTM 28.8b) / Revenue TTM)
Gross Margin QoQ = 40.09% (prev 40.47%)
Tobins Q-Ratio = 3.55 (Enterprise Value 163b / Total Assets 45.9b)
Interest Expense / Debt = 0.44% (Interest Expense 1.06b / Debt 240b)
Taxrate = 29.46% (1.07b / 3.64b)
NOPAT = 16.0b (EBIT 22.7b * (1 - 29.46%))
Current Ratio = 1.14 (Total Current Assets 15.6b / Total Current Liabilities 13.7b)
Debt / Equity = 19.35 (Debt 240b / totalStockholderEquity, last quarter 12.4b)
Debt / EBITDA = 4.90 (Net Debt 123b / EBITDA 25.2b)
Debt / FCF = 35.09 (Net Debt 123b / FCF TTM 3.51b)
Total Stockholder Equity = 12.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.87% (Net Income 1.74b / Total Assets 45.9b)
RoE = 13.61% (Net Income TTM 1.74b / Total Stockholder Equity 12.8b)
RoCE = 16.51% (EBIT 22.7b / Capital Employed (Equity 12.8b + L.T.Debt 125b))
RoIC = 50.81% (NOPAT 16.0b / Invested Capital 31.5b)
WACC = 1.29% (E(39.9b)/V(280b) * Re(7.19%) + D(240b)/V(280b) * Rd(0.44%) * (1-Tc(0.29)))
Discount Rate = 7.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -85.11 | Cagr: -51.72%
[DCF] Terminal Value 75.44% ; FCFF base≈3.51b ; Y1≈3.53b ; Y5≈3.74b
[DCF] Fair Price = N/A (negative equity: EV 58.1b - Net Debt 123b = -65.1b; debt exceeds intrinsic value)
EPS Correlation: -27.51 | EPS CAGR: -9.05% | SUE: 0.03 | # QB: 0
Revenue Correlation: -89.24 | Revenue CAGR: -72.00% | SUE: -0.59 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.99 | Chg30d=-5.36% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=5.47 | Chg30d=-8.89% | Revisions=+25% | GrowthEPS=+91.3% | GrowthRev=+7.1%
EPS next Year (2027-12-31): EPS=5.18 | Chg30d=-0.30% | Revisions=+40% | GrowthEPS=-5.2% | GrowthRev=+7.9%
[Analyst] Revisions Ratio: +38% (up=4, down=1)