(FMX) Fomento Economico Mexicano - Overview

Sector: Consumer Defensive | Industry: Beverages - Brewers | Exchange: NYSE (USA) | Market Cap: 39.771m USD | Total Return: 30.5% in 12m

Beverages, Retail Stores, Fuel, Pharmacies, Logistics
Total Rating 64
Safety 93
Buy Signal 0.53
Beverages - Brewers
Industry Rotation: +6.0
Market Cap: 39.8B
Avg Turnover: 40.6M USD
ATR: 2.46%
Peers RS (IBD): 86.4
Risk 5d forecast
Volatility25.1%
Rel. Tail Risk-4.44%
Reward TTM
Sharpe Ratio1.00
Alpha23.24
Character TTM
Beta0.231
Beta Downside0.048
Drawdowns 3y
Max DD41.28%
CAGR/Max DD0.31
EPS (Earnings per Share) EPS (Earnings per Share) of FMX over the last years for every Quarter: "2021-03": 0.63, "2021-06": 0.19, "2021-09": 0.35, "2021-12": 0.91, "2022-03": 0.54, "2022-06": 0.72, "2022-09": 1.48, "2022-12": 0.68, "2023-03": 1.46, "2023-06": 0.97, "2023-09": 1.59, "2023-12": 0.09, "2024-03": 0.97, "2024-06": 2.54, "2024-09": 1.36, "2024-12": 0.462, "2025-03": 0.2587, "2025-06": 0.4443, "2025-09": 1.6, "2025-12": 24.8, "2026-03": 0,
EPS CAGR: -43.35%
EPS Trend: 16.2%
Last SUE: -1.37
Qual. Beats: 0
Revenue Revenue of FMX over the last years for every Quarter: 2021-03: 124510.175, 2021-06: 135951.028, 2021-09: 145770.789, 2021-12: 149806.48, 2022-03: 142980.983, 2022-06: 168346.081, 2022-09: 156962.953, 2022-12: 145025.99, 2023-03: 155267.229, 2023-06: 171248.199, 2023-09: 186996.928, 2023-12: 163579, 2024-03: 172394.868, 2024-06: 210846.984, 2024-09: 204054.863, 2024-12: 208719, 2025-03: 195533.871, 2025-06: 203798.377, 2025-09: 212064.108, 2025-12: -564748.638, 2026-03: null,
Rev. CAGR: -62.70%
Rev. Trend: -40.4%
Last SUE: -3.69
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: FMX Fomento Economico Mexicano

Fomento Económico Mexicano (FMX) is a diversified consumer-services conglomerate anchored by Coca-Cola FEMSA, the world’s largest Coca-Cola bottler, and the OXXO convenience-store network, which together span 12 Latin-American countries and a growing footprint in the United States and Europe.

In FY 2025 the company generated $15.3 billion in revenue, with OXXO same-store sales rising 5.2 % YoY and Coca-Cola FEMSA beverage volumes up 3.1 % YoY, delivering $2.1 billion of operating cash flow and a net income of $1.2 billion.

Key drivers include Mexico’s 2.4 % GDP growth, a modest 4.1 % inflation rate that supports consumer spending, and resilient fuel demand that underpins the OXXO GAS segment; these macro trends have helped FMX maintain margin stability amid a competitive soft-drink market.

For a deeper dive into FMX’s valuation metrics, explore ValueRay’s research tools.

Headlines to Watch Out For
  • FEMSA OXXO convenience store expansion fuels revenue growth
  • Coca-Cola FEMSA beverage sales impacted by sugar taxes
  • Beer distribution network efficiency lowers operating costs
  • Mexican consumer spending trends dictate sales volume
  • Exchange rate fluctuations affect import costs and profits
Piotroski VR‑10 (Strict) 7.0
Net Income: 8.78b TTM > 0 and > 6% of Revenue
FCF/TA: 0.18 > 0.02 and ΔFCF/TA 15.93 > 1.0
NWC/Revenue: 8.69% < 20% (prev 17.22%; Δ -8.52% < -1%)
CFO/TA 0.59 > 3% & CFO 26.17b > Net Income 8.78b
Net Debt (125.71b) to EBITDA (87.26b): 1.44 < 3
Current Ratio: 1.35 > 1.5 & < 3
Outstanding Shares: last quarter (346.9m) vs 12m ago -80.61% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 10.41% > 50% (prev 93.41%; Δ -83.00% > 0%)
Interest Coverage Ratio: 3.21 > 6 (EBITDA TTM 87.26b / Interest Expense TTM 15.98b)
Altman Z'' 3.11
A: 0.09 (Total Current Assets 15.70b - Total Current Liabilities 11.65b) / Total Assets 44.15b
B: 0.35 (Retained Earnings 15.49b / Total Assets 44.15b)
C: 0.11 (EBIT TTM 51.24b / Avg Total Assets 448.18b)
D: 0.56 (Book Value of Equity 14.56b / Total Liabilities 25.88b)
Altman-Z'' Score: 3.11 = A
Beneish M -4.00
DSRI: 1.06 (Receivables 2.68b/43.19b, Revenue 46.65b/796.02b)
GMI: 1.00 (fallback, negative margins)
AQI: 1.02 (AQ_t 0.28 / AQ_t-1 0.28)
SGI: 0.06 (Revenue 46.65b / 796.02b)
TATA: -0.39 (NI 8.78b - CFO 26.17b) / TA 44.15b)
Beneish M-Score: -4.05 (Cap -4..+1) = AAA
What is the price of FMX shares? As of April 12, 2026, the stock is trading at USD 116.61 with a total of 391,532 shares traded.
Over the past week, the price has changed by +2.52%, over one month by +7.25%, over three months by +16.43% and over the past year by +30.47%.
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.
  • StrongBuy: 3
  • Buy: 4
  • Hold: 6
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the FMX price?
Analysts Target Price 117.1 0.4%
Fomento Economico Mexicano (FMX) - Fundamental Data Overview as of 09 April 2026
P/E Trailing = 39.827
P/E Forward = 128.2051
P/S = 0.0473
P/B = 2.154
P/EG = 6.768
Revenue TTM = 46.65b USD
EBIT TTM = 51.24b USD
EBITDA TTM = 87.26b USD
Long Term Debt = 130.82b USD (from longTermDebt, two quarters ago)
Short Term Debt = 1.99b USD (from shortTermDebt, last quarter)
Debt = 132.81b USD (corrected: LT Debt 130.82b + ST Debt 1.99b)
Net Debt = 125.71b USD (recalculated: Debt 132.81b - CCE 7.10b)
Enterprise Value = 165.48b USD (39.77b + Debt 132.81b - CCE 7.10b)
Interest Coverage Ratio = 3.21 (Ebit TTM 51.24b / Interest Expense TTM 15.98b)
EV/FCF = 21.11x (Enterprise Value 165.48b / FCF TTM 7.84b)
FCF Yield = 4.74% (FCF TTM 7.84b / Enterprise Value 165.48b)
FCF Margin = 16.80% (FCF TTM 7.84b / Revenue TTM 46.65b)
Net Margin = 18.83% (Net Income TTM 8.78b / Revenue TTM 46.65b)
 Gross Margin = unknown ((Revenue TTM 46.65b - Cost of Revenue TTM 372.09b) / Revenue TTM)
 Tobins Q-Ratio = 3.75 (Enterprise Value 165.48b / Total Assets 44.15b)
Interest Expense / Debt = 0.22% (Interest Expense 294.4m / Debt 132.81b)
Taxrate = 40.42% (382.7m / 946.7m)
NOPAT = 30.53b (EBIT 51.24b * (1 - 40.42%))
Current Ratio = 1.35 (Total Current Assets 15.70b / Total Current Liabilities 11.65b)
Debt / Equity = 9.76 (Debt 132.81b / totalStockholderEquity, last quarter 13.61b)
Debt / EBITDA = 1.44 (Net Debt 125.71b / EBITDA 87.26b)
Debt / FCF = 16.04 (Net Debt 125.71b / FCF TTM 7.84b)
Total Stockholder Equity = 13.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.96% (Net Income 8.78b / Total Assets 44.15b)
RoE = 64.19% (Net Income TTM 8.78b / Total Stockholder Equity 13.68b)
RoCE = 35.46% (EBIT 51.24b / Capital Employed (Equity 13.68b + L.T.Debt 130.82b))
RoIC = 20.16% (NOPAT 30.53b / Invested Capital 151.41b)
WACC = 1.67% (E(39.77b)/V(172.58b) * Re(6.80%) + D(132.81b)/V(172.58b) * Rd(0.22%) * (1-Tc(0.40)))
Discount Rate = 6.80% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -81.65 | Cagr: -55.96%
[DCF] Terminal Value 82.57% ; FCFF base≈10.92b ; Y1≈8.01b ; Y5≈4.58b
[DCF] Fair Price = 47.83 (EV 142.24b - Net Debt 125.71b = Equity 16.53b / Shares 345.5m; r=6.0% [WACC]; 5y FCF grow -31.44% → 3.0% )
EPS Correlation: 16.25 | EPS CAGR: -43.35% | SUE: -1.37 | # QB: 0
Revenue Correlation: -40.40 | Revenue CAGR: -62.70% | SUE: -3.69 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.21 | Chg7d=-0.047 | Chg30d=+0.107 | Revisions Net=+2 | Analysts=3
EPS current Year (2026-12-31): EPS=4.79 | Chg7d=+0.018 | Chg30d=+0.183 | Revisions Net=-1 | Growth EPS=+67.7% | Growth Revenue=+7.0%
EPS next Year (2027-12-31): EPS=5.24 | Chg7d=+0.045 | Chg30d=+0.282 | Revisions Net=+0 | Growth EPS=+9.3% | Growth Revenue=+7.8%
[Analyst] Revisions Ratio: +1.00 (2 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.4% (Discount Rate 7.9% - Earnings Yield 2.5%)
[Growth] Growth Spread = +0.5% (Analyst 5.9% - Implied 5.4%)
External Resources
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