FOMENTO ECONOMICO MEX-SP ADR (FMX) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:FMX • US3444191064

113.23 USD
+1.79 (+1.61%)
At close: Feb 10, 2026
113.23 USD
0 (0%)
After Hours: 2/10/2026, 8:07:47 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

FMX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 33 industry peers in the Beverages industry. FMX has an average financial health and profitability rating. A decent growth rate in combination with a cheap valuation! Better keep an eye on FMX.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year FMX was profitable.
  • In the past year FMX had a positive cash flow from operations.
  • FMX had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years FMX had a positive operating cash flow.
FMX Yearly Net Income VS EBIT VS OCF VS FCFFMX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B

1.2 Ratios

  • The Return On Assets of FMX (2.02%) is worse than 60.61% of its industry peers.
  • FMX has a Return On Equity (6.65%) which is comparable to the rest of the industry.
  • FMX's Return On Invested Capital of 8.26% is in line compared to the rest of the industry. FMX outperforms 54.55% of its industry peers.
  • FMX had an Average Return On Invested Capital over the past 3 years of 6.90%. This is below the industry average of 11.48%.
  • The 3 year average ROIC (6.90%) for FMX is below the current ROIC(8.26%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.02%
ROE 6.65%
ROIC 8.26%
ROA(3y)4.76%
ROA(5y)3.57%
ROE(3y)13.24%
ROE(5y)9.95%
ROIC(3y)6.9%
ROIC(5y)6.43%
FMX Yearly ROA, ROE, ROICFMX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 1.96%, FMX is doing worse than 60.61% of the companies in the same industry.
  • In the last couple of years the Profit Margin of FMX has declined.
  • With a Operating Margin value of 8.38%, FMX is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
  • In the last couple of years the Operating Margin of FMX has remained more or less at the same level.
  • The Gross Margin of FMX (41.14%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of FMX has grown nicely.
Industry RankSector Rank
OM 8.38%
PM (TTM) 1.96%
GM 41.14%
OM growth 3Y-4.5%
OM growth 5Y-1.29%
PM growth 3Y-12.59%
PM growth 5Y-3.49%
GM growth 3Y2.3%
GM growth 5Y1.71%
FMX Yearly Profit, Operating, Gross MarginsFMX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FMX is still creating some value.
  • The number of shares outstanding for FMX remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, FMX has about the same amount of shares outstanding.
  • Compared to 1 year ago, FMX has a worse debt to assets ratio.
FMX Yearly Shares OutstandingFMX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
FMX Yearly Total Debt VS Total AssetsFMX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B 800B

2.2 Solvency

  • FMX has an Altman-Z score of 2.60. This is not the best score and indicates that FMX is in the grey zone with still only limited risk for bankruptcy at the moment.
  • FMX has a Altman-Z score (2.60) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of FMX is 8.08, which is on the high side as it means it would take FMX, 8.08 years of fcf income to pay off all of its debts.
  • FMX has a Debt to FCF ratio of 8.08. This is comparable to the rest of the industry: FMX outperforms 51.52% of its industry peers.
  • FMX has a Debt/Equity ratio of 0.92. This is a neutral value indicating FMX is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.92, FMX is doing worse than 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 8.08
Altman-Z 2.6
ROIC/WACC1.21
WACC6.84%
FMX Yearly LT Debt VS Equity VS FCFFMX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100B 200B 300B

2.3 Liquidity

  • FMX has a Current Ratio of 1.34. This is a normal value and indicates that FMX is financially healthy and should not expect problems in meeting its short term obligations.
  • FMX's Current ratio of 1.34 is in line compared to the rest of the industry. FMX outperforms 57.58% of its industry peers.
  • A Quick Ratio of 1.05 indicates that FMX should not have too much problems paying its short term obligations.
  • FMX has a better Quick ratio (1.05) than 69.70% of its industry peers.
Industry RankSector Rank
Current Ratio 1.34
Quick Ratio 1.05
FMX Yearly Current Assets VS Current LiabilitesFMX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100B 200B 300B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • FMX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.14%.
  • FMX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 43.40% yearly.
  • FMX shows a decrease in Revenue. In the last year, the revenue decreased by -9.05%.
  • The Revenue has been growing by 9.05% on average over the past years. This is quite good.
EPS 1Y (TTM)1.14%
EPS 3Y40.06%
EPS 5Y43.4%
EPS Q2Q%-34.88%
Revenue 1Y (TTM)-9.05%
Revenue growth 3Y12%
Revenue growth 5Y9.05%
Sales Q2Q%9.08%

3.2 Future

  • FMX is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.99% yearly.
  • FMX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.84% yearly.
EPS Next Y-41.78%
EPS Next 2Y-12.22%
EPS Next 3Y-3.99%
EPS Next 5YN/A
Revenue Next Year8.67%
Revenue Next 2Y8.32%
Revenue Next 3Y7.81%
Revenue Next 5Y7.84%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
FMX Yearly Revenue VS EstimatesFMX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 200B 400B 600B 800B 1T
FMX Yearly EPS VS EstimatesFMX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2030 2031 2032 0 200 400 600 800

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 4.39, the valuation of FMX can be described as very cheap.
  • 93.94% of the companies in the same industry are more expensive than FMX, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 28.03. FMX is valued rather cheaply when compared to this.
  • FMX is valuated cheaply with a Price/Forward Earnings ratio of 4.32.
  • 96.97% of the companies in the same industry are more expensive than FMX, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 27.97. FMX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 4.39
Fwd PE 4.32
FMX Price Earnings VS Forward Price EarningsFMX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • FMX's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FMX is cheaper than 93.94% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FMX indicates a somewhat cheap valuation: FMX is cheaper than 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 21.12
EV/EBITDA 6.57
FMX Per share dataFMX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • A cheap valuation may be justified as FMX's earnings are expected to decrease with -3.99% in the coming years.
PEG (NY)N/A
PEG (5Y)0.1
EPS Next 2Y-12.22%
EPS Next 3Y-3.99%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.73%, FMX has a reasonable but not impressive dividend return.
  • FMX's Dividend Yield is comparable with the industry average which is at 1.66.
  • Compared to an average S&P500 Dividend Yield of 1.80, FMX has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.73%

5.2 History

  • The dividend of FMX is nicely growing with an annual growth rate of 12.97%!
  • FMX has paid a dividend for at least 10 years, which is a reliable track record.
  • FMX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)12.97%
Div Incr Years3
Div Non Decr Years3
FMX Yearly Dividends per shareFMX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • FMX pays out 264.38% of its income as dividend. This is not a sustainable payout ratio.
  • FMX's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP264.38%
EPS Next 2Y-12.22%
EPS Next 3Y-3.99%
FMX Yearly Income VS Free CF VS DividendFMX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B
FMX Dividend Payout.FMX Dividend Payout, showing the Payout Ratio.FMX Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

FOMENTO ECONOMICO MEX-SP ADR

NYSE:FMX (2/10/2026, 8:07:47 PM)

After market: 113.23 0 (0%)

113.23

+1.79 (+1.61%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)10-28
Earnings (Next)02-25
Inst Owners19.96%
Inst Owner Change-3.61%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap39.13B
Revenue(TTM)830.54B
Net Income(TTM)16.30B
Analysts81
Price Target109.99 (-2.86%)
Short Float %2.82%
Short Ratio2.6
Dividend
Industry RankSector Rank
Dividend Yield 1.73%
Yearly Dividend4.05
Dividend Growth(5Y)12.97%
DP264.38%
Div Incr Years3
Div Non Decr Years3
Ex-Date01-16
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-26.2%
Min EPS beat(2)-26.96%
Max EPS beat(2)-25.44%
EPS beat(4)1
Avg EPS beat(4)3.5%
Min EPS beat(4)-26.96%
Max EPS beat(4)74.12%
EPS beat(8)3
Avg EPS beat(8)-1.52%
EPS beat(12)5
Avg EPS beat(12)-5.99%
EPS beat(16)7
Avg EPS beat(16)-4.15%
Revenue beat(2)0
Avg Revenue beat(2)-3.71%
Min Revenue beat(2)-4.66%
Max Revenue beat(2)-2.76%
Revenue beat(4)0
Avg Revenue beat(4)-2.86%
Min Revenue beat(4)-4.66%
Max Revenue beat(4)-0.61%
Revenue beat(8)0
Avg Revenue beat(8)-3.38%
Revenue beat(12)1
Avg Revenue beat(12)-3.29%
Revenue beat(16)5
Avg Revenue beat(16)4.13%
PT rev (1m)4.93%
PT rev (3m)10.13%
EPS NQ rev (1m)-4.23%
EPS NQ rev (3m)-5.49%
EPS NY rev (1m)-0.79%
EPS NY rev (3m)-14.94%
Revenue NQ rev (1m)-1.34%
Revenue NQ rev (3m)-1.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.59%
Valuation
Industry RankSector Rank
PE 4.39
Fwd PE 4.32
P/S 0.81
P/FCF 21.12
P/OCF 8.68
P/B 2.75
P/tB 6.77
EV/EBITDA 6.57
EPS(TTM)25.81
EY22.79%
EPS(NY)26.18
Fwd EY23.12%
FCF(TTM)5.36
FCFY4.73%
OCF(TTM)13.05
OCFY11.53%
SpS139.65
BVpS41.23
TBVpS16.72
PEG (NY)N/A
PEG (5Y)0.1
Graham Number154.74
Profitability
Industry RankSector Rank
ROA 2.02%
ROE 6.65%
ROCE 11.86%
ROIC 8.26%
ROICexc 11.11%
ROICexgc 16.67%
OM 8.38%
PM (TTM) 1.96%
GM 41.14%
FCFM 3.84%
ROA(3y)4.76%
ROA(5y)3.57%
ROE(3y)13.24%
ROE(5y)9.95%
ROIC(3y)6.9%
ROIC(5y)6.43%
ROICexc(3y)9.14%
ROICexc(5y)8.34%
ROICexgc(3y)13.65%
ROICexgc(5y)12.47%
ROCE(3y)9.94%
ROCE(5y)9.26%
ROICexgc growth 3Y6.94%
ROICexgc growth 5Y4.64%
ROICexc growth 3Y7.84%
ROICexc growth 5Y5.63%
OM growth 3Y-4.5%
OM growth 5Y-1.29%
PM growth 3Y-12.59%
PM growth 5Y-3.49%
GM growth 3Y2.3%
GM growth 5Y1.71%
F-Score5
Asset Turnover1.03
Health
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 8.08
Debt/EBITDA 1.99
Cap/Depr 105.14%
Cap/Sales 5.51%
Interest Coverage 4.21
Cash Conversion 68.63%
Profit Quality 195.62%
Current Ratio 1.34
Quick Ratio 1.05
Altman-Z 2.6
F-Score5
WACC6.84%
ROIC/WACC1.21
Cap/Depr(3y)114.57%
Cap/Depr(5y)98.32%
Cap/Sales(3y)5.72%
Cap/Sales(5y)5.02%
Profit Quality(3y)68.55%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.14%
EPS 3Y40.06%
EPS 5Y43.4%
EPS Q2Q%-34.88%
EPS Next Y-41.78%
EPS Next 2Y-12.22%
EPS Next 3Y-3.99%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.05%
Revenue growth 3Y12%
Revenue growth 5Y9.05%
Sales Q2Q%9.08%
Revenue Next Year8.67%
Revenue Next 2Y8.32%
Revenue Next 3Y7.81%
Revenue Next 5Y7.84%
EBIT growth 1Y-3.79%
EBIT growth 3Y6.96%
EBIT growth 5Y7.64%
EBIT Next Year70.74%
EBIT Next 3Y26.63%
EBIT Next 5Y18.15%
FCF growth 1Y18.8%
FCF growth 3Y-21.83%
FCF growth 5Y-7.49%
OCF growth 1Y18.71%
OCF growth 3Y-0.28%
OCF growth 5Y3.3%

FOMENTO ECONOMICO MEX-SP ADR / FMX FAQ

What is the fundamental rating for FMX stock?

ChartMill assigns a fundamental rating of 4 / 10 to FMX.


What is the valuation status of FOMENTO ECONOMICO MEX-SP ADR (FMX) stock?

ChartMill assigns a valuation rating of 7 / 10 to FOMENTO ECONOMICO MEX-SP ADR (FMX). This can be considered as Undervalued.


What is the profitability of FMX stock?

FOMENTO ECONOMICO MEX-SP ADR (FMX) has a profitability rating of 4 / 10.


What is the valuation of FOMENTO ECONOMICO MEX-SP ADR based on its PE and PB ratios?

The Price/Earnings (PE) ratio for FOMENTO ECONOMICO MEX-SP ADR (FMX) is 4.39 and the Price/Book (PB) ratio is 2.75.


What is the expected EPS growth for FOMENTO ECONOMICO MEX-SP ADR (FMX) stock?

The Earnings per Share (EPS) of FOMENTO ECONOMICO MEX-SP ADR (FMX) is expected to decline by -41.78% in the next year.