FOMENTO ECONOMICO MEX-SP ADR (FMX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FMX - US3444191064 - ADR
103.03 USD
+0.84 (+0.82%)
103.03 USD
0 (0%)
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!
1. Profitability
1.1 Basic Checks
- FMX had positive earnings in the past year.
- FMX had a positive operating cash flow in the past year.
- FMX had positive earnings in 4 of the past 5 years.
- In the past 5 years FMX always reported a positive cash flow from operatings.
1.2 Ratios
- FMX's Return On Assets of 2.02% is on the low side compared to the rest of the industry. FMX is outperformed by 60.61% of its industry peers.
- 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.
- 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 11.45%.
- 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 Rank | Sector 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%
1.3 Margins
- FMX's Profit Margin of 1.96% is on the low side compared to the rest of the industry. FMX is outperformed by 60.61% of its industry peers.
- In the last couple of years the Profit Margin of FMX has declined.
- Looking at the Operating Margin, with a value of 8.38%, FMX is doing worse than 63.64% of the companies in the same industry.
- 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.
- FMX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
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.
- 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.
- FMX has a worse debt/assets ratio than last year.
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.
- With a Altman-Z score value of 2.57, FMX perfoms like the industry average, 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 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.
- With a Debt to Equity ratio value of 0.92, FMX is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.92 | ||
| Debt/FCF | 8.08 | ||
| Altman-Z | 2.57 |
ROIC/WACC1.25
WACC6.63%
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 of 1.34. This is comparable 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.05 |
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.
- The Revenue has decreased by -9.05% in the past 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 -3.97% on average over the next years.
- The Revenue is expected to grow by 7.84% on average over the next years.
EPS Next Y-41.32%
EPS Next 2Y-12.18%
EPS Next 3Y-3.97%
EPS Next 5YN/A
Revenue Next Year8.67%
Revenue Next 2Y8.32%
Revenue Next 3Y7.81%
Revenue Next 5Y7.84%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 4.15, the valuation of FMX can be described as very cheap.
- 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.
- The average S&P500 Price/Earnings ratio is at 27.30. FMX is valued rather cheaply when compared to this.
- With a Price/Forward Earnings ratio of 4.09, the valuation of FMX can be described as very cheap.
- Based on the Price/Forward Earnings ratio, FMX is valued cheaper than 96.97% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.04, FMX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.15 | ||
| Fwd PE | 4.09 |
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.
- 63.64% of the companies in the same industry are more expensive than FMX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.98 | ||
| EV/EBITDA | 6.35 |
4.3 Compensation for Growth
- FMX's earnings are expected to decrease with -3.97% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.1
EPS Next 2Y-12.18%
EPS Next 3Y-3.97%
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 1.77.
- Compared to an average S&P500 Dividend Yield of 1.92, FMX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector 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
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-12.18%
EPS Next 3Y-3.97%
103.03
+0.84 (+0.82%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)10-28 2025-10-28/bmo
Earnings (Next)02-25 2026-02-25/bmo
Inst Owners19.96%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap35.60B
Revenue(TTM)830.54B
Net Income(TTM)16.30B
Analysts81
Price Target104.82 (1.74%)
Short Float %3.12%
Short Ratio3.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.73% |
Yearly Dividend3.9
Dividend Growth(5Y)12.97%
DP264.38%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
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)-1.01%
PT rev (3m)1.45%
EPS NQ rev (1m)2.47%
EPS NQ rev (3m)-1.72%
EPS NY rev (1m)-10.22%
EPS NY rev (3m)-21.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.59%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-1.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.15 | ||
| Fwd PE | 4.09 | ||
| P/S | 0.77 | ||
| P/FCF | 19.98 | ||
| P/OCF | 8.21 | ||
| P/B | 2.6 | ||
| P/tB | 6.41 | ||
| EV/EBITDA | 6.35 |
EPS(TTM)24.82
EY24.09%
EPS(NY)25.2
Fwd EY24.46%
FCF(TTM)5.16
FCFY5%
OCF(TTM)12.55
OCFY12.18%
SpS134.29
BVpS39.65
TBVpS16.08
PEG (NY)N/A
PEG (5Y)0.1
Graham Number148.81
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC6.63%
ROIC/WACC1.25
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-41.32%
EPS Next 2Y-12.18%
EPS Next 3Y-3.97%
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 4.15 and the Price/Book (PB) ratio is 2.6.
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 -41.32% in the next year.