(FMX) Fomento Economico Mexicano - Ratings and Ratios
Beverages, Retail, Drugstores, Fuel, Logistics
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 25.6% |
| Value at Risk 5%th | 39.3% |
| Relative Tail Risk | -6.74% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.40 |
| Alpha | 4.68 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.490 |
| Beta | 0.309 |
| Beta Downside | 0.156 |
| Drawdowns 3y | |
|---|---|
| Max DD | 41.28% |
| Mean DD | 16.31% |
| Median DD | 16.66% |
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 | 32,633m |
| Sub-Industry | Soft Drinks & Non-alcoholic Beverages |
| IPO / Inception | 1998-05-11 |
| Return 12m vs S&P 500 | -0.51% |
| Analyst Rating | 3.77 of 5 |
FMX Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 7.10% |
| Yield on Cost 5y | 10.45% |
| Yield CAGR 5y | 21.21% |
| Payout Consistency | 87.5% |
| Payout Ratio | 3.3% |
FMX Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 9.81% |
| CAGR/Max DD Calmar Ratio | 0.24 |
| CAGR/Mean DD Pain Ratio | 0.60 |
| Current Volume | 169.7k |
| Average Volume | 269.2k |
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) 78.56
| 1. Piotroski 7.0pt = 2.0 |
| 2. FCF Yield 1.20% = 0.60 |
| 3. FCF Margin 0.89% = 0.22 |
| 4. Debt/Equity 1.05 = 1.98 |
| 5. Debt/Ebitda 0.06 = 2.50 |
| 6. ROIC - WACC (= 15.11)% = 12.50 |
| 7. RoE 21.65% = 1.80 |
| 8. Rev. Trend 86.42% = 6.48 |
| 9. EPS Trend 9.67% = 0.48 |
What is the price of FMX shares?
Over the past week, the price has changed by -1.96%, over one month by -1.64%, over three months by +13.78% and over the past year by +13.04%.
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 | 110.7 | 17.6% |
| Analysts Target Price | 110.7 | 17.6% |
| ValueRay Target Price | 108.6 | 15.4% |
FMX Fundamental Data Overview November 20, 2025
P/E Trailing = 54.5896
P/E Forward = 31.8471
P/S = 0.0393
P/B = 2.4511
P/EG = 2.0742
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 = 609.28b MXN (601.98b + Debt 14.05b - CCE 6.74b)
Interest Coverage Ratio = 3.92 (Ebit TTM 72.62b / Interest Expense TTM 18.52b)
FCF Yield = 1.20% (FCF TTM 7.31b / Enterprise Value 609.28b)
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 = 13.82 (Enterprise Value 609.28b / 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 = 7.60% (E(601.98b)/V(616.02b) * Re(7.15%) + D(14.05b)/V(616.02b) * Rd(38.48%) * (1-Tc(0.30)))
Discount Rate = 7.15% (= 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≈8.72b ; Y1≈7.08b ; Y5≈4.95b
Fair Price DCF = 265.0 (DCF Value 91.57b / Shares Outstanding 345.5m; 5y FCF grow -22.58% → 3.0% )
EPS Correlation: 9.67 | EPS CAGR: 133.5% | SUE: -1.78 | # QB: 0
Revenue Correlation: 86.42 | Revenue CAGR: 14.82% | SUE: -0.01 | # QB: 0
Additional Sources for FMX Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle