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): 9.67%
EPS Trend (3Y Correlation): -19.7%

FMX Revenue

Revenue Growth (3Y CAGR): 4.79%
Revenue Trend (3Y Correlation): 61.0%

Risk via 10d forecast
Volatility	26.4%
Value at Risk 5%th	40.4%

Reward
Sharpe Ratio	0.23
Alpha Jensen	-0.20

Character
Hurst Exponent	0.537
Beta	0.200

Drawdowns 3y
Max DD	41.28%
Mean DD	16.13%

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
Return 12m vs S&P 500	-4.61%
Analyst Rating	3.77 of 5

FMX Dividends

Dividend Yield	6.96%
Yield on Cost 5y	11.07%
Yield CAGR 5y	21.21%
Payout Consistency	87.5%
Payout Ratio	3.3%

FMX Growth Ratios

CAGR	11.64%
CAGR/Max DD Calmar Ratio	0.28
CAGR/Mean DD Pain Ratio	0.72
Current Volume	200.6k
Average Volume	368k

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (22.94b TTM) > 0 and > 6% of Revenue (6% = 49.21b TTM)

FCFTA 40.15 (>2.0%) and ΔFCFTA 4014 pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 0.01% (prev 17.71%; Δ -17.70pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 543.9 (>3.0%) and CFO 93.01b > Net Income 22.94b (YES >=105%, WARN >=100%)

Net Debt (-61.0m) to EBITDA (114.18b) ratio: -0.00 <= 3.0 (WARN <= 3.5)

Current Ratio 3.24 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (33.5m) change vs 12m ago -98.13% (target <= -2.0% for YES)

Gross Margin 41.15% (prev 41.31%; Δ -0.16pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 193.0% (prev 86.53%; Δ 106.4pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.92 (EBITDA TTM 114.18b / Interest Expense TTM 18.52b) >= 6 (WARN >= 3)

Altman Z'' 6.05

(A) 0.43 = (Total Current Assets 107.0m - Total Current Liabilities 33.0m) / Total Assets 171.0m

(B) 0.32 = Retained Earnings (Balance) 54.0m / Total Assets 171.0m

(D) 0.98 = Book Value of Equity 55.0m / Total Liabilities 56.0m

Total Rating: 6.05 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 74.64

1. Piotroski 7.0pt = 2.0

2. FCF Yield 1.07% = 0.54

3. FCF Margin 0.84% = 0.21

4. Debt/Equity 0.17 = 2.49

5. Debt/Ebitda -0.00 = 2.50

6. ROIC - WACC (= 13.65)% = 12.50

7. RoE 9.84% = 0.82

8. Rev. Trend 61.02% = 4.58

9. EPS Trend -19.69% = -0.98

What is the price of FMX shares?

As of November 13, 2025, the stock is trading at USD 96.00 with a total of 200,582 shares traded.
Over the past week, the price has changed by +1.98%, over one month by +5.89%, over three months by +13.87% and over the past year by +10.54%.

Is Fomento Economico Mexicano a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Fomento Economico Mexicano (NYSE:FMX) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 74.64 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 101.49 USD . This means that FMX is currently overvalued and has a potential downside of 5.72%.

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	109.8	14.3%
Analysts Target Price	109.8	14.3%
ValueRay Target Price	111.4	16%

FMX Fundamental Data Overview November 07, 2025

Market Cap MXN = 641.52b (34.90b USD * 18.3816 USD.MXN)
P/E Trailing = 55.7041
P/E Forward = 30.581
P/S = 0.0421
P/B = 2.5256
P/EG = 1.9926
Beta = 0.2
Revenue TTM = 820.12b MXN
EBIT TTM = 72.68b MXN
EBITDA TTM = 114.18b MXN
Long Term Debt = 141.48b MXN (from longTermDebt, last fiscal year)
Short Term Debt = 22.85b MXN (from shortTermDebt, last fiscal year)
Debt = 20.0m MXN (from shortLongTermDebtTotal, last quarter)
Net Debt = -61.0m MXN (from netDebt column, last quarter)
Enterprise Value = 641.46b MXN (641.52b + Debt 20.0m - CCE 81.0m)
Interest Coverage Ratio = 3.92 (Ebit TTM 72.68b / Interest Expense TTM 18.52b)
FCF Yield = 1.07% (FCF TTM 6.87b / Enterprise Value 641.46b)
FCF Margin = 0.84% (FCF TTM 6.87b / Revenue TTM 820.12b)
Net Margin = 2.80% (Net Income TTM 22.94b / Revenue TTM 820.12b)
Gross Margin = 41.15% ((Revenue TTM 820.12b - Cost of Revenue TTM 482.64b) / Revenue TTM)
Gross Margin QoQ = 39.93% (prev 40.65%)
Tobins Q-Ratio = 3751 (set to none) (Enterprise Value 641.46b / Total Assets 171.0m)
Interest Expense / Debt = 27.0k% (Interest Expense 5.40b / Debt 20.0m)
Taxrate = 29.65% (3.74b / 12.61b)
NOPAT = 51.13b (EBIT 72.68b * (1 - 29.65%))
Current Ratio = 3.24 (Total Current Assets 107.0m / Total Current Liabilities 33.0m)
Debt / Equity = 0.17 (Debt 20.0m / totalStockholderEquity, last quarter 115.0m)
Debt / EBITDA = -0.00 (Net Debt -61.0m / EBITDA 114.18b)
Debt / FCF = -0.01 (Net Debt -61.0m / FCF TTM 6.87b)
Total Stockholder Equity = 233.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.4k% (out of range, set to none)
RoE = 9.84% (Net Income TTM 22.94b / Total Stockholder Equity 233.07b)
RoCE = 19.40% (EBIT 72.68b / Capital Employed (Equity 233.07b + L.T.Debt 141.48b))
RoIC = 20.40% (NOPAT 51.13b / Invested Capital 250.61b)
WACC = 6.75% (E(641.52b)/V(641.54b) * Re(6.75%) + (debt cost/tax rate unavailable))
Discount Rate = 6.75% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -81.65 | Cagr: -86.32%
[DCF Debug] Terminal Value 74.85% ; FCFE base≈8.45b ; Y1≈6.86b ; Y5≈4.80b
Fair Price DCF = 256.8 (DCF Value 88.75b / Shares Outstanding 345.5m; 5y FCF grow -22.58% → 3.0% )
EPS Correlation: -19.69 | EPS CAGR: 9.67% | SUE: -2.55 | # QB: 0
Revenue Correlation: 61.02 | Revenue CAGR: 4.79% | SUE: -0.01 | # QB: 0

Additional Sources for FMX Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle