(FMX) Fomento Economico Mexicano - Ratings and Ratios

Fomento Economico Mexicano (FMX) is a multinational company with a diverse portfolio of businesses, primarily operating as a franchise bottler of Coca-Cola trademark beverages across Latin America and other regions. With a presence in over 10 countries, the company has established a significant footprint in the beverage industry.

Beyond its core beverage business, FMX has expanded into various other sectors, including retail, fuel, and healthcare. Its OXXO convenience store chain is a notable presence in Mexico and other countries, while its drugstore chains, such as Cruz Verde and Fybeca, operate in several Latin American markets. The company has also diversified into logistics and financial services, providing a range of solutions to small and medium-sized businesses.

FMXs European operations, conducted under various brand names, including k kiosk and BackWerk, demonstrate the companys ability to adapt its retail model to different markets. With a history dating back to 1890, FMX has evolved into a complex, multifaceted corporation with a global reach.

Analyzing the companys technical data, we observe a positive trend, with the stock price currently above its 20-day and 50-day simple moving averages (SMA20 and SMA50). The average true range (ATR) indicates moderate volatility. Considering the fundamental data, FMXs market capitalization and price-to-earnings (P/E) ratio suggest a relatively stable and profitable business. The forward P/E ratio indicates expected earnings growth.

Combining technical and fundamental analysis, we forecast that FMX will continue to experience steady growth, driven by its diversified business model and presence in emerging markets. The stock is likely to remain above its SMA50, with potential resistance at the 52-week high. Our forecast suggests a potential price target of $120 in the next 12-18 months, assuming stable macroeconomic conditions and continued operational performance.