(FMX) Fomento Economico Mexicano - Ratings and Ratios
Bottled Beverages, Convenience Stores, Fuel Stations, Drugstores, Food Retail
Dividends
| Dividend Yield | 6.54% |
| Yield on Cost 5y | 10.30% |
| Yield CAGR 5y | 21.21% |
| Payout Consistency | 85.2% |
| Payout Ratio | 81.9% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 27.1% |
| Value at Risk 5%th | 41.3% |
| Relative Tail Risk | -7.43% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.82 |
| Alpha | 15.31 |
| CAGR/Max DD | 0.35 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.494 |
| Beta | 0.300 |
| Beta Downside | 0.165 |
| Drawdowns 3y | |
|---|---|
| Max DD | 41.28% |
| Mean DD | 16.57% |
| Median DD | 17.53% |
Description: FMX Fomento Economico Mexicano December 04, 2025
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX) is the world’s largest independent Coca-Cola bottler, operating through Coca-Cola FEMSA and delivering carbonated and non-carbonated beverages across Mexico and nine other Latin American markets.
Beyond bottling, FMX runs the OXXO convenience-store network-the largest in Latin America-with over 19,000 locations spanning Mexico, Colombia, Peru, Chile, Brazil and the United States, and the OXXO GAS fuel-service chain in Mexico.
The firm also owns a diversified retail portfolio in Europe (k kiosk, BackWerk, Ditsch, etc.), drug-store chains in Chile, Colombia, Ecuador and Mexico, logistics services in Mexico, Brazil and Colombia, and the Spin electronic-payments platform for SMBs.
Key performance indicators (as of FY 2023) include ≈ $9.8 bn in revenue, an adjusted EBITDA margin of ~ 13 %, and OXXO same-store sales growth of 6.5 % YoY, driven largely by rising consumer spending in emerging markets and the company’s “cash-and-carry” model that benefits from inflation-linked price adjustments. The bottling segment contributes roughly 55 % of total sales, while the proximity-retail segment accounts for about 35 %, making FMX less sensitive to commodity price swings than pure-play beverage makers.
For a deeper, data-rich view of FMX’s valuation dynamics, you may find ValueRay’s analytical dashboard worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income (22.94b TTM) > 0 and > 6% of Revenue (6% = 49.21b TTM) |
| FCFTA 0.17 (>2.0%) and ΔFCFTA 15.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 0.50% (prev 17.35%; Δ -16.85pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 2.21 (>3.0%) and CFO 97.53b > Net Income 22.94b (YES >=105%, WARN >=100%) |
| Net Debt (7.30b) to EBITDA (114.12b) ratio: 0.06 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.34 (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 41.30%; Δ -0.15pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 183.5% (prev 88.35%; Δ 95.13pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.92 (EBITDA TTM 114.12b / Interest Expense TTM 18.52b) >= 6 (WARN >= 3) |
Altman Z'' 3.36
| (A) 0.09 = (Total Current Assets 16.17b - Total Current Liabilities 12.05b) / Total Assets 44.07b |
| (B) 0.33 = Retained Earnings (Balance) 14.72b / Total Assets 44.07b |
| (C) 0.16 = EBIT TTM 72.62b / Avg Total Assets 446.99b |
| (D) 0.54 = Book Value of Equity 14.04b / Total Liabilities 26.21b |
| Total Rating: 3.36 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 78.63
| 1. Piotroski 7.0pt |
| 2. FCF Yield 1.19% |
| 3. FCF Margin 0.89% |
| 4. Debt/Equity 1.05 |
| 5. Debt/Ebitda 0.06 |
| 6. ROIC - WACC (= 15.14)% |
| 7. RoE 21.65% |
| 8. Rev. Trend 88.53% |
| 9. EPS Trend 7.91% |
What is the price of FMX shares?
Over the past week, the price has changed by +8.64%, over one month by +8.67%, over three months by +24.93% and over the past year by +22.93%.
Is FMX a buy, sell or hold?
- 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 | 110.6 | 8.1% |
| Analysts Target Price | 110.6 | 8.1% |
| ValueRay Target Price | 120.7 | 18% |
FMX Fundamental Data Overview December 03, 2025
P/E Trailing = 55.659
P/E Forward = 32.3625
P/S = 0.0401
P/B = 2.4945
P/EG = 2.1125
Beta = 0.2
Revenue TTM = 820.12b MXN
EBIT TTM = 72.62b MXN
EBITDA TTM = 114.12b MXN
Long Term Debt = 130.82b MXN (from longTermDebt, last quarter)
Short Term Debt = 1.76b MXN (from shortTermDebt, last quarter)
Debt = 14.05b MXN (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.30b MXN (from netDebt column, last quarter)
Enterprise Value = 616.36b MXN (609.06b + Debt 14.05b - CCE 6.74b)
Interest Coverage Ratio = 3.92 (Ebit TTM 72.62b / Interest Expense TTM 18.52b)
FCF Yield = 1.19% (FCF TTM 7.31b / Enterprise Value 616.36b)
FCF Margin = 0.89% (FCF TTM 7.31b / 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 = 13.99 (Enterprise Value 616.36b / Total Assets 44.07b)
Interest Expense / Debt = 38.48% (Interest Expense 5.40b / Debt 14.05b)
Taxrate = 29.65% (3.74b / 12.61b)
NOPAT = 51.09b (EBIT 72.62b * (1 - 29.65%))
Current Ratio = 1.34 (Total Current Assets 16.17b / Total Current Liabilities 12.05b)
Debt / Equity = 1.05 (Debt 14.05b / totalStockholderEquity, last quarter 13.38b)
Debt / EBITDA = 0.06 (Net Debt 7.30b / EBITDA 114.12b)
Debt / FCF = 1.00 (Net Debt 7.30b / FCF TTM 7.31b)
Total Stockholder Equity = 105.93b (last 4 quarters mean from totalStockholderEquity)
RoA = 52.04% (Net Income 22.94b / Total Assets 44.07b)
RoE = 21.65% (Net Income TTM 22.94b / Total Stockholder Equity 105.93b)
RoCE = 30.67% (EBIT 72.62b / Capital Employed (Equity 105.93b + L.T.Debt 130.82b))
RoIC = 22.71% (NOPAT 51.09b / Invested Capital 224.99b)
WACC = 7.57% (E(609.06b)/V(623.11b) * Re(7.12%) + D(14.05b)/V(623.11b) * Rd(38.48%) * (1-Tc(0.30)))
Discount Rate = 7.12% (= 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 72.87% ; FCFE base≈8.72b ; Y1≈6.40b ; Y5≈3.65b
Fair Price DCF = 200.9 (DCF Value 69.42b / Shares Outstanding 345.5m; 5y FCF grow -31.44% → 3.0% )
EPS Correlation: 7.91 | EPS CAGR: 72.30% | SUE: -1.78 | # QB: 0
Revenue Correlation: 88.53 | Revenue CAGR: 9.71% | SUE: -0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.67 | Chg30d=-0.084 | Revisions Net=-2 | Analysts=2
EPS next Year (2026-12-31): EPS=4.60 | Chg30d=-0.076 | Revisions Net=-1 | Growth EPS=+37.7% | Growth Revenue=+7.5%
Additional Sources for FMX Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle