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

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

107.32 USD
+0.64 (+0.6%)
At close: Feb 5, 2026
107.32 USD
0 (0%)
After Hours: 2/5/2026, 8:26:54 PM
Fundamental Rating

4

Taking everything into account, FMX scores 4 out of 10 in our fundamental rating. FMX was compared to 33 industry peers in the Beverages industry. Both the profitability and the financial health of FMX get a neutral evaluation. Nothing too spectacular is happening here. FMX is valued quite cheap, while showing a decent growth score. This is a good combination!


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.
  • Of the past 5 years FMX 4 years were profitable.
  • In the past 5 years FMX always reported a positive cash flow from operatings.
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

  • FMX has a Return On Assets of 2.02%. This is in the lower half of the industry: FMX underperforms 60.61% of its industry peers.
  • The Return On Equity of FMX (6.65%) is comparable to the rest of the industry.
  • FMX has a Return On Invested Capital of 8.26%. This is comparable to the rest of the industry: FMX outperforms 54.55% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for FMX is below the industry average of 11.45%.
  • 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

  • FMX has a Profit Margin of 1.96%. This is in the lower half of the industry: FMX underperforms 60.61% of its industry peers.
  • FMX's Profit Margin has declined in the last couple of years.
  • The Operating Margin of FMX (8.38%) is worse than 63.64% of its industry peers.
  • FMX's Operating Margin has been stable in the last couple of years.
  • FMX has a Gross Margin of 41.14%. This is comparable to the rest of the industry: FMX outperforms 42.42% of its industry peers.
  • FMX's Gross Margin has improved in the last couple of years.
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.
  • Compared to 1 year ago, FMX has about the same amount of shares outstanding.
  • The number of shares outstanding for FMX remains at a similar level compared to 5 years ago.
  • The debt/assets ratio for FMX is higher compared to a year ago.
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 2.57. 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 (2.57) 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.
  • Looking at the Debt to FCF ratio, with a value of 8.08, FMX is in line with its industry, outperforming 51.52% of the companies in the same industry.
  • FMX has a Debt/Equity ratio of 0.92. This is a neutral value indicating FMX is somewhat dependend on debt financing.
  • FMX has a worse Debt to Equity ratio (0.92) than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 8.08
Altman-Z 2.57
ROIC/WACC1.23
WACC6.74%
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

  • A Current Ratio of 1.34 indicates that FMX should not have too much problems paying its short term obligations.
  • FMX has a Current ratio (1.34) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.05 indicates that FMX should not have too much problems paying its short term obligations.
  • The Quick ratio of FMX (1.05) is better 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%.
  • Measured over the past years, FMX shows a very strong growth in Earnings Per Share. The EPS has been growing by 43.40% on average per year.
  • The Revenue has decreased by -9.05% in the past year.
  • Measured over the past years, FMX shows a quite strong growth in Revenue. The Revenue has been growing by 9.05% on average per year.
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

  • Based on estimates for the next years, FMX will show a decrease in Earnings Per Share. The EPS will decrease by -3.99% on average per year.
  • 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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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

  • The Price/Earnings ratio is 4.16, which indicates a rather cheap valuation of FMX.
  • FMX's Price/Earnings ratio is rather cheap when compared to the industry. FMX is cheaper than 93.94% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.67. FMX is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 4.11, the valuation of FMX can be described as very cheap.
  • FMX's Price/Forward Earnings ratio is rather cheap when compared to the industry. FMX is cheaper than 96.97% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.20. FMX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 4.16
Fwd PE 4.11
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

  • Based on the Enterprise Value to EBITDA ratio, FMX is valued cheaply inside the industry as 93.94% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FMX indicates a somewhat cheap valuation: FMX is cheaper than 72.73% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 20.05
EV/EBITDA 6.33
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%

More info and screens

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

4

5. Dividend

5.1 Amount

  • FMX has a Yearly Dividend Yield of 1.73%.
  • Compared to an average industry Dividend Yield of 1.73, FMX has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, 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

  • 264.38% of the earnings are spent on dividend by FMX. This is not a sustainable payout ratio.
  • The Dividend Rate of FMX has been growing, while earnings will be declining. 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

More info and screens

Find the best dividend stocksShow peers with best dividend

FOMENTO ECONOMICO MEX-SP ADR

NYSE:FMX (2/5/2026, 8:26:54 PM)

After market: 107.32 0 (0%)

107.32

+0.64 (+0.6%)

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-3.41%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap37.08B
Revenue(TTM)830.54B
Net Income(TTM)16.30B
Analysts81
Price Target104.82 (-2.33%)
Short Float %2.82%
Short Ratio2.6
Dividend
Industry RankSector Rank
Dividend Yield 1.73%
Yearly Dividend4.07
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)0%
PT rev (3m)4.95%
EPS NQ rev (1m)-1.49%
EPS NQ rev (3m)-2.78%
EPS NY rev (1m)-0.79%
EPS NY rev (3m)-22.13%
Revenue NQ rev (1m)-0.14%
Revenue NQ rev (3m)-0.34%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.63%
Valuation
Industry RankSector Rank
PE 4.16
Fwd PE 4.11
P/S 0.77
P/FCF 20.05
P/OCF 8.24
P/B 2.61
P/tB 6.43
EV/EBITDA 6.33
EPS(TTM)25.77
EY24.01%
EPS(NY)26.14
Fwd EY24.35%
FCF(TTM)5.35
FCFY4.99%
OCF(TTM)13.03
OCFY12.14%
SpS139.4
BVpS41.16
TBVpS16.69
PEG (NY)N/A
PEG (5Y)0.1
Graham Number154.49
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 2.57
F-Score5
WACC6.74%
ROIC/WACC1.23
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 4.16 and the Price/Book (PB) ratio is 2.61.


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.