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

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

110.37 USD
+3.05 (+2.84%)
At close: Feb 6, 2026
110.37 USD
0 (0%)
After Hours: 2/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FMX. 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 may be a bit undervalued, certainly considering the very reasonable score on growth


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.
  • FMX has a Return On Equity (6.65%) which is in line with its industry peers.
  • FMX has a Return On Invested Capital (8.26%) which is comparable to the rest of the industry.
  • 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

  • FMX has a worse Profit Margin (1.96%) than 60.61% of its industry peers.
  • FMX's Profit Margin has declined in the last couple of years.
  • FMX has a Operating Margin of 8.38%. This is in the lower half of the industry: FMX underperforms 63.64% of its industry peers.
  • FMX's Operating Margin has been stable in the last couple of years.
  • FMX's Gross Margin of 41.14% is in line compared to the rest of the industry. FMX outperforms 42.42% of its industry peers.
  • 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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FMX is creating some value.
  • FMX has about the same amout of shares outstanding than it did 1 year ago.
  • 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

  • An Altman-Z score of 2.60 indicates that FMX is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.60, FMX is in line with its industry, outperforming 57.58% of the companies in the same 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's Debt to FCF ratio of 8.08 is in line compared 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.
  • 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 2.6
ROIC/WACC1.22
WACC6.79%
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.
  • Looking at the Current ratio, with a value of 1.34, FMX is in line with its industry, outperforming 57.58% of the companies in the same industry.
  • FMX has a Quick Ratio of 1.05. This is a normal value and indicates that FMX is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.05, FMX is in the better half of the industry, outperforming 69.70% of the companies in the same industry.
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.
  • Looking at the last year, FMX shows a decrease in Revenue. The Revenue has decreased by -9.05% in the last year.
  • 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

  • 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.
  • Based on estimates for the next years, FMX will show a small growth in Revenue. The Revenue will grow by 7.84% on average per year.
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

  • FMX is valuated cheaply with a Price/Earnings ratio of 4.31.
  • 93.94% of the companies in the same industry are more expensive than FMX, based on the Price/Earnings ratio.
  • FMX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.93.
  • FMX is valuated cheaply with a Price/Forward Earnings ratio of 4.25.
  • 96.97% of the companies in the same industry are more expensive than FMX, based on the Price/Forward Earnings ratio.
  • FMX is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.77, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 4.31
Fwd PE 4.25
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.
  • FMX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FMX is cheaper than 69.70% of the companies in the same industry.
Industry RankSector Rank
P/FCF 20.77
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

  • FMX's earnings are expected to decrease with -3.99% in the coming years. This may justify a cheaper valuation.
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

  • FMX has a Yearly Dividend Yield of 1.73%.
  • FMX's Dividend Yield is comparable with the industry average which is at 1.66.
  • Compared to an average S&P500 Dividend Yield of 1.81, 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 been paying a dividend for at least 10 years, so it has 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

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Find the best dividend stocksShow peers with best dividend

FOMENTO ECONOMICO MEX-SP ADR

NYSE:FMX (2/6/2026, 8:04:00 PM)

After market: 110.37 0 (0%)

110.37

+3.05 (+2.84%)

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 Cap38.14B
Revenue(TTM)830.54B
Net Income(TTM)16.30B
Analysts81
Price Target109.99 (-0.34%)
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 4.31
Fwd PE 4.25
P/S 0.8
P/FCF 20.77
P/OCF 8.53
P/B 2.7
P/tB 6.66
EV/EBITDA 6.57
EPS(TTM)25.59
EY23.19%
EPS(NY)25.95
Fwd EY23.52%
FCF(TTM)5.31
FCFY4.82%
OCF(TTM)12.94
OCFY11.72%
SpS138.43
BVpS40.87
TBVpS16.57
PEG (NY)N/A
PEG (5Y)0.1
Graham Number153.41
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
WACC6.79%
ROIC/WACC1.22
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 4.31 and the Price/Book (PB) ratio is 2.7.


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.