FOMENTO ECONOMICO MEX-SP ADR (FMX) Fundamental Analysis & Valuation

NYSE:FMX • US3444191064

Current stock price

113.62 USD
+0.02 (+0.02%)
At close:
113.62 USD
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This FMX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. FMX Profitability Analysis

1.1 Basic Checks

  • FMX had positive earnings in the past year.
  • In the past year FMX had a positive cash flow from operations.
  • Each year in the past 5 years FMX has been 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 2025 0 20B 40B 60B

1.2 Ratios

  • The Return On Assets of FMX (2.44%) is worse than 60.61% of its industry peers.
  • FMX has a Return On Equity (7.94%) which is comparable to the rest of the industry.
  • With a Return On Invested Capital value of 7.38%, FMX perfoms like the industry average, outperforming 48.48% of the companies in the same industry.
  • FMX had an Average Return On Invested Capital over the past 3 years of 6.54%. This is significantly below the industry average of 11.89%.
  • The last Return On Invested Capital (7.38%) for FMX is above the 3 year average (6.54%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.44%
ROE 7.94%
ROIC 7.38%
ROA(3y)4.58%
ROA(5y)4.12%
ROE(3y)12.85%
ROE(5y)11.7%
ROIC(3y)6.54%
ROIC(5y)6.35%
FMX Yearly ROA, ROE, ROICFMX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • FMX has a worse Profit Margin (2.31%) than 63.64% 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 8.35%, FMX is doing worse than 60.61% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FMX has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 40.62%, FMX is in line with its industry, outperforming 42.42% of the companies in the same industry.
  • FMX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 8.35%
PM (TTM) 2.31%
GM 40.62%
OM growth 3Y-7.18%
OM growth 5Y0.89%
PM growth 3Y-16.75%
PM growth 5YN/A
GM growth 3Y0.13%
GM growth 5Y1.09%
FMX Yearly Profit, Operating, Gross MarginsFMX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. FMX Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FMX is creating some value.
  • Compared to 1 year ago, FMX has less shares outstanding
  • Compared to 5 years ago, FMX has less shares outstanding
  • 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 2025 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 2025 200B 400B 600B 800B

2.2 Solvency

  • An Altman-Z score of 2.69 indicates that FMX is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • FMX's Altman-Z score of 2.69 is fine compared to the rest of the industry. FMX outperforms 60.61% of its industry peers.
  • The Debt to FCF ratio of FMX is 8.87, which is on the high side as it means it would take FMX, 8.87 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 8.87, FMX is in line with its industry, outperforming 45.45% of the companies in the same industry.
  • FMX has a Debt/Equity ratio of 0.93. This is a neutral value indicating FMX is somewhat dependend on debt financing.
  • FMX has a worse Debt to Equity ratio (0.93) than 60.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.93
Debt/FCF 8.87
Altman-Z 2.69
ROIC/WACC1.18
WACC6.27%
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 2025 100B 200B 300B

2.3 Liquidity

  • FMX has a Current Ratio of 1.35. This is a normal value and indicates that FMX is financially healthy and should not expect problems in meeting its short term obligations.
  • FMX has a Current ratio of 1.35. This is comparable to the rest of the industry: FMX outperforms 51.52% of its industry peers.
  • FMX has a Quick Ratio of 1.02. This is a normal value and indicates that FMX is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of FMX (1.02) is better than 69.70% of its industry peers.
Industry RankSector Rank
Current Ratio 1.35
Quick Ratio 1.02
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 2025 100B 200B 300B

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

3

3. FMX Growth Analysis

3.1 Past

  • FMX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -29.18%.
  • The Earnings Per Share has been growing slightly by 6.12% on average over the past years.
  • The Revenue for FMX has decreased by -12.15% in the past year. This is quite bad
  • Measured over the past years, FMX shows a quite strong growth in Revenue. The Revenue has been growing by 11.27% on average per year.
EPS 1Y (TTM)-29.18%
EPS 3Y6.12%
EPS 5YN/A
EPS Q2Q%-19.61%
Revenue 1Y (TTM)-12.15%
Revenue growth 3Y12.1%
Revenue growth 5Y11.27%
Sales Q2Q%5.66%

3.2 Future

  • FMX is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -38.99% yearly.
  • Based on estimates for the next years, FMX will show a small growth in Revenue. The Revenue will grow by 5.14% on average per year.
EPS Next Y14.94%
EPS Next 2Y14.31%
EPS Next 3Y11.3%
EPS Next 5Y-38.99%
Revenue Next Year7.99%
Revenue Next 2Y8.16%
Revenue Next 3Y7.8%
Revenue Next 5Y5.14%

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 decreasing: in the next years the growth will be less 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 2028 2030 2031 2032 0 200 400 600 800

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Find the best growth stocksShow best growing peers

8

4. FMX Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 4.76, 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.
  • FMX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.47.
  • With a Price/Forward Earnings ratio of 4.14, 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 22.62. FMX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 4.76
Fwd PE 4.14
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FMX indicates a rather cheap valuation: FMX is cheaper than 96.97% of the companies listed in the same industry.
  • 63.64% of the companies in the same industry are more expensive than FMX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 23.46
EV/EBITDA 6.86
FMX Per share dataFMX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100

4.3 Compensation for Growth

  • FMX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.32
PEG (5Y)N/A
EPS Next 2Y14.31%
EPS Next 3Y11.3%

More info and screens

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

4

5. FMX Dividend Analysis

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 1.68.
  • FMX's Dividend Yield is comparable with the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.73%

5.2 History

  • On average, the dividend of FMX grows each year by 43.68%, 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)43.68%
Div Incr Years4
Div Non Decr Years4
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 256.79% of its income as dividend. 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.
DP256.79%
EPS Next 2Y14.31%
EPS Next 3Y11.3%
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 2025 0 20B 40B 60B
FMX Dividend Payout.FMX Dividend Payout, showing the Payout Ratio.FMX Dividend Payout.PayoutRetained Earnings

More info and screens

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FMX Fundamentals: All Metrics, Ratios and Statistics

FOMENTO ECONOMICO MEX-SP ADR

NYSE:FMX (4/23/2026, 8:10:46 PM)

After market: 113.62 0 (0%)

113.62

+0.02 (+0.02%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-25
Earnings (Next)04-27
Inst Owners20.74%
Inst Owner Change0.37%
Ins OwnersN/A
Ins Owner Change-1.72%
Market Cap39.26B
Revenue(TTM)841.93B
Net Income(TTM)19.44B
Analysts81
Price Target138.35 (21.77%)
Short Float %1.94%
Short Ratio1.93
Dividend
Industry RankSector Rank
Dividend Yield 1.73%
Yearly Dividend15.83
Dividend Growth(5Y)43.68%
DP256.79%
Div Incr Years4
Div Non Decr Years4
Ex-Date04-22
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-18.08%
Min EPS beat(2)-25.44%
Max EPS beat(2)-10.72%
EPS beat(4)1
Avg EPS beat(4)2.75%
Min EPS beat(4)-26.96%
Max EPS beat(4)74.12%
EPS beat(8)3
Avg EPS beat(8)8.98%
EPS beat(12)5
Avg EPS beat(12)-2.93%
EPS beat(16)6
Avg EPS beat(16)-4.97%
Revenue beat(2)0
Avg Revenue beat(2)-3.38%
Min Revenue beat(2)-3.99%
Max Revenue beat(2)-2.76%
Revenue beat(4)0
Avg Revenue beat(4)-3.7%
Min Revenue beat(4)-4.66%
Max Revenue beat(4)-2.76%
Revenue beat(8)0
Avg Revenue beat(8)-3.26%
Revenue beat(12)0
Avg Revenue beat(12)-3.73%
Revenue beat(16)4
Avg Revenue beat(16)3.87%
PT rev (1m)25.78%
PT rev (3m)31.99%
EPS NQ rev (1m)-2.04%
EPS NQ rev (3m)0.23%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)5.53%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)-1.21%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.34%
Valuation
Industry RankSector Rank
PE 4.76
Fwd PE 4.14
P/S 0.81
P/FCF 23.46
P/OCF 9.58
P/B 2.78
P/tB 6.85
EV/EBITDA 6.86
EPS(TTM)23.87
EY21.01%
EPS(NY)27.44
Fwd EY24.15%
FCF(TTM)4.84
FCFY4.26%
OCF(TTM)11.86
OCFY10.43%
SpS140.42
BVpS40.86
TBVpS16.59
PEG (NY)0.32
PEG (5Y)N/A
Graham Number148.138 (30.38%)
Profitability
Industry RankSector Rank
ROA 2.44%
ROE 7.94%
ROCE 12%
ROIC 7.38%
ROICexc 9.41%
ROICexgc 13.72%
OM 8.35%
PM (TTM) 2.31%
GM 40.62%
FCFM 3.45%
ROA(3y)4.58%
ROA(5y)4.12%
ROE(3y)12.85%
ROE(5y)11.7%
ROIC(3y)6.54%
ROIC(5y)6.35%
ROICexc(3y)8.91%
ROICexc(5y)8.26%
ROICexgc(3y)13.06%
ROICexgc(5y)12.26%
ROCE(3y)10.61%
ROCE(5y)10.28%
ROICexgc growth 3Y7.35%
ROICexgc growth 5Y11.1%
ROICexc growth 3Y9.49%
ROICexc growth 5Y11.96%
OM growth 3Y-7.18%
OM growth 5Y0.89%
PM growth 3Y-16.75%
PM growth 5YN/A
GM growth 3Y0.13%
GM growth 5Y1.09%
F-Score4
Asset Turnover1.06
Health
Industry RankSector Rank
Debt/Equity 0.93
Debt/FCF 8.87
Debt/EBITDA 1.99
Cap/Depr 95.26%
Cap/Sales 4.99%
Interest Coverage 4.12
Cash Conversion 62.11%
Profit Quality 149.33%
Current Ratio 1.35
Quick Ratio 1.02
Altman-Z 2.69
F-Score4
WACC6.27%
ROIC/WACC1.18
Cap/Depr(3y)110.32%
Cap/Depr(5y)103.01%
Cap/Sales(3y)5.55%
Cap/Sales(5y)5.2%
Profit Quality(3y)88.53%
Profit Quality(5y)107.37%
High Growth Momentum
Growth
EPS 1Y (TTM)-29.18%
EPS 3Y6.12%
EPS 5YN/A
EPS Q2Q%-19.61%
EPS Next Y14.94%
EPS Next 2Y14.31%
EPS Next 3Y11.3%
EPS Next 5Y-38.99%
Revenue 1Y (TTM)-12.15%
Revenue growth 3Y12.1%
Revenue growth 5Y11.27%
Sales Q2Q%5.66%
Revenue Next Year7.99%
Revenue Next 2Y8.16%
Revenue Next 3Y7.8%
Revenue Next 5Y5.14%
EBIT growth 1Y-13.61%
EBIT growth 3Y4.05%
EBIT growth 5Y12.26%
EBIT Next Year77.95%
EBIT Next 3Y28.52%
EBIT Next 5Y13.83%
FCF growth 1Y17.35%
FCF growth 3Y10.71%
FCF growth 5Y-2.55%
OCF growth 1Y-1.94%
OCF growth 3Y9.35%
OCF growth 5Y5.98%

FOMENTO ECONOMICO MEX-SP ADR / FMX Fundamental Analysis 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 8 / 10 to FOMENTO ECONOMICO MEX-SP ADR (FMX). This can be considered as Undervalued.


How profitable is FOMENTO ECONOMICO MEX-SP ADR (FMX) stock?

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


What are the PE and PB ratios of FOMENTO ECONOMICO MEX-SP ADR (FMX) stock?

The Price/Earnings (PE) ratio for FOMENTO ECONOMICO MEX-SP ADR (FMX) is 4.76 and the Price/Book (PB) ratio is 2.78.


What is the financial health of FOMENTO ECONOMICO MEX-SP ADR (FMX) stock?

The financial health rating of FOMENTO ECONOMICO MEX-SP ADR (FMX) is 4 / 10.