FOMENTO ECONOMICO MEX-SP ADR (FMX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FMX - US3444191064 - ADR
100.175 USD
+0.03 (+0.03%)
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. FMX has an average financial health and profitability rating. FMX may be a bit undervalued, certainly considering the very reasonable score on growth
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.
Of the past 5 years FMX 4 years were profitable.
Each year in the past 5 years FMX had a positive operating cash flow.
1.2 Ratios
FMX has a worse Return On Assets (2.02%) than 60.61% of its industry peers.
FMX's Return On Equity of 6.65% is in line compared to the rest of the industry. FMX outperforms 42.42% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.26%, FMX is in line with its industry, outperforming 54.55% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FMX is below the industry average of 11.47%.
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 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.
With a Operating Margin value of 8.38%, FMX is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of FMX has remained more or less at the same level.
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 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
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.
Compared to 5 years ago, FMX has about the same amount of shares outstanding.
The debt/assets ratio for FMX is higher compared to a year ago.
2.2 Solvency
FMX has an Altman-Z score of 2.56. 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 (2.56) which is in line with its industry peers.
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.
With a Debt to FCF ratio value of 8.08, FMX perfoms like the industry average, outperforming 51.52% of the companies in the same industry.
A Debt/Equity ratio of 0.92 indicates that FMX is somewhat dependend on debt financing.
FMX's Debt to Equity ratio of 0.92 is on the low side compared to the rest of the industry. FMX is outperformed by 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.92 | ||
| Debt/FCF | 8.08 | ||
| Altman-Z | 2.56 |
ROIC/WACC1.26
WACC6.58%
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.
FMX's Current ratio of 1.34 is in line compared 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.
The Quick ratio of FMX (1.05) is better 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 slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.91%.
The Earnings Per Share has been growing by 43.40% on average over the past years. This is a very strong growth
FMX shows a decrease in Revenue. In the last year, the revenue decreased by -9.05%.
The Revenue has been growing by 9.05% on average over the past years. This is quite good.
EPS 1Y (TTM)-8.91%
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 -1.60% on average over the next years.
FMX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.38% yearly.
EPS Next Y-34.64%
EPS Next 2Y-9.83%
EPS Next 3Y-1.6%
EPS Next 5YN/A
Revenue Next Year8.71%
Revenue Next 2Y8.45%
Revenue Next 3Y7.92%
Revenue Next 5Y8.38%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 4.51 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 26.39.
Based on the Price/Forward Earnings ratio of 3.80, the valuation of FMX can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FMX indicates a rather cheap valuation: FMX is cheaper than 96.97% of the companies listed in the same industry.
FMX is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.51 | ||
| Fwd PE | 3.8 |
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 63.64% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.56 | ||
| EV/EBITDA | 6.22 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.1
EPS Next 2Y-9.83%
EPS Next 3Y-1.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.73%, FMX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.77, FMX has a dividend in line with its industry peers.
FMX's Dividend Yield is comparable with the S&P500 average which is at 1.87.
| 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.
FMX's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP264.38%
EPS Next 2Y-9.83%
EPS Next 3Y-1.6%
NYSE:FMX (12/22/2025, 12:33:54 PM)
100.175
+0.03 (+0.03%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners20.41%
Inst Owner Change-7.8%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap34.61B
Revenue(TTM)830.54B
Net Income(TTM)16.30B
Analysts80.91
Price Target105.89 (5.71%)
Short Float %1.92%
Short Ratio1.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.73% |
Yearly Dividend3.91
Dividend Growth(5Y)12.97%
DP264.38%
Div Incr Years3
Div Non Decr Years3
Ex-Date
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)-11.83%
Min EPS beat(4)-26.96%
Max EPS beat(4)12.83%
EPS beat(8)3
Avg EPS beat(8)-9.18%
EPS beat(12)5
Avg EPS beat(12)-11.1%
EPS beat(16)7
Avg EPS beat(16)-7.98%
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)5.32%
PT rev (3m)10.51%
EPS NQ rev (1m)-2.08%
EPS NQ rev (3m)389.96%
EPS NY rev (1m)-4.5%
EPS NY rev (3m)321.55%
Revenue NQ rev (1m)-0.51%
Revenue NQ rev (3m)-1.29%
Revenue NY rev (1m)-1.55%
Revenue NY rev (3m)-2.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.51 | ||
| Fwd PE | 3.8 | ||
| P/S | 0.75 | ||
| P/FCF | 19.56 | ||
| P/OCF | 8.03 | ||
| P/B | 2.54 | ||
| P/tB | 6.27 | ||
| EV/EBITDA | 6.22 |
EPS(TTM)22.21
EY22.17%
EPS(NY)26.4
Fwd EY26.35%
FCF(TTM)5.12
FCFY5.11%
OCF(TTM)12.47
OCFY12.45%
SpS133.42
BVpS39.4
TBVpS15.97
PEG (NY)N/A
PEG (5Y)0.1
Graham Number140.31
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 | 2.56 |
F-Score5
WACC6.58%
ROIC/WACC1.26
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)-8.91%
EPS 3Y40.06%
EPS 5Y43.4%
EPS Q2Q%-34.88%
EPS Next Y-34.64%
EPS Next 2Y-9.83%
EPS Next 3Y-1.6%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.05%
Revenue growth 3Y12%
Revenue growth 5Y9.05%
Sales Q2Q%9.08%
Revenue Next Year8.71%
Revenue Next 2Y8.45%
Revenue Next 3Y7.92%
Revenue Next 5Y8.38%
EBIT growth 1Y-3.79%
EBIT growth 3Y6.96%
EBIT growth 5Y7.64%
EBIT Next Year71.82%
EBIT Next 3Y26.85%
EBIT Next 5Y18.75%
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.
Can you provide the valuation status for FOMENTO ECONOMICO MEX-SP ADR?
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.
How financially healthy is FOMENTO ECONOMICO MEX-SP ADR?
The financial health rating of FOMENTO ECONOMICO MEX-SP ADR (FMX) is 4 / 10.
What is the earnings growth outlook for FOMENTO ECONOMICO MEX-SP ADR?
The Earnings per Share (EPS) of FOMENTO ECONOMICO MEX-SP ADR (FMX) is expected to decline by -34.64% in the next year.