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

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

107.25 USD
+0.57 (+0.53%)
Last: Feb 5, 2026, 02:05 PM
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. Both the profitability and the financial health of FMX get a neutral evaluation. Nothing too spectacular is happening here. FMX scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • FMX had positive earnings in the past year.
  • 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

  • Looking at the Return On Assets, with a value of 2.02%, FMX is doing worse than 60.61% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 6.65%, FMX is in line with its industry, outperforming 42.42% of the companies in the same industry.
  • With a Return On Invested Capital value of 8.26%, FMX perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
  • FMX had an Average Return On Invested Capital over the past 3 years of 6.90%. This is below the industry average of 11.45%.
  • The last Return On Invested Capital (8.26%) for FMX is above the 3 year average (6.90%), which is a sign of increasing profitability.
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

  • The Profit Margin of FMX (1.96%) is worse than 60.61% of its industry peers.
  • In the last couple of years the Profit Margin of FMX has declined.
  • 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.
  • With a Gross Margin value of 41.14%, FMX perfoms like the industry average, outperforming 42.42% of the companies in the same 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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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.
  • Compared to 5 years ago, FMX has about the same amount of shares outstanding.
  • FMX has a worse debt/assets ratio than last year.
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.
  • The Debt to FCF ratio of FMX (8.08) is comparable to the rest of the industry.
  • 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 2.57
ROIC/WACC1.23
WACC6.73%
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.
  • The Current ratio of FMX (1.34) 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.
  • With a decent Quick ratio value of 1.05, FMX is doing good in 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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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.
  • 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

  • The Earnings Per Share is expected to decrease by -3.99% on average over the next years.
  • 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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7

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 4.16, which indicates a rather cheap valuation of FMX.
  • Compared to the rest of the industry, the Price/Earnings ratio of FMX indicates a rather cheap valuation: FMX is cheaper than 93.94% of the companies listed in the same industry.
  • FMX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.25.
  • The Price/Forward Earnings ratio is 4.10, which indicates a rather cheap valuation of FMX.
  • 96.97% of the companies in the same industry are more expensive than FMX, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of FMX to the average of the S&P500 Index (27.50), we can say FMX is valued rather cheaply.
Industry RankSector Rank
PE 4.16
Fwd PE 4.1
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 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 72.73% of the companies in the same industry.
Industry RankSector Rank
P/FCF 20.04
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

  • 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%

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%.
  • FMX's Dividend Yield is comparable with the industry average which is at 1.74.
  • FMX's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.73%

5.2 History

  • On average, the dividend of FMX grows each year by 12.97%, which is quite nice.
  • 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

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FOMENTO ECONOMICO MEX-SP ADR

NYSE:FMX (2/5/2026, 2:05:06 PM)

107.25

+0.57 (+0.53%)

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 Cap37.06B
Revenue(TTM)830.54B
Net Income(TTM)16.30B
Analysts81
Price Target104.82 (-2.27%)
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 4.1
P/S 0.77
P/FCF 20.04
P/OCF 8.23
P/B 2.61
P/tB 6.43
EV/EBITDA 6.33
EPS(TTM)25.77
EY24.03%
EPS(NY)26.14
Fwd EY24.37%
FCF(TTM)5.35
FCFY4.99%
OCF(TTM)13.03
OCFY12.15%
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
WACC6.73%
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.