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

NYSE:FMX • US3444191064

Current stock price

101.32 USD
-4.76 (-4.49%)
Last:

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.
  • FMX had a positive operating cash flow in the past year.
  • Each year in the past 5 years FMX has been profitable.
  • FMX had a positive operating cash flow in each of the past 5 years.
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

  • With a Return On Assets value of 2.02%, FMX perfoms like the industry average, outperforming 41.18% of the companies in the same industry.
  • FMX has a Return On Equity (6.65%) which is comparable to the rest of the industry.
  • The Return On Invested Capital of FMX (7.30%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 2.02%
ROE 6.65%
ROIC 7.3%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
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

  • Looking at the Profit Margin, with a value of 1.96%, FMX is in line with its industry, outperforming 41.18% of the companies in the same industry.
  • FMX's Profit Margin has declined in the last couple of years.
  • FMX's Operating Margin of 8.38% is on the low side compared to the rest of the industry. FMX is outperformed by 61.76% of its industry peers.
  • In the last couple of years the Operating Margin of FMX has remained more or less at the same level.
  • FMX has a Gross Margin (41.14%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of FMX has remained more or less at the same level.
Industry RankSector Rank
OM 8.38%
PM (TTM) 1.96%
GM 41.14%
OM growth 3Y-7.78%
OM growth 5Y0.5%
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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4

2. FMX Health Analysis

2.1 Basic Checks

  • FMX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • FMX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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 2.59 indicates that FMX is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • FMX has a Altman-Z score (2.59) which is in line with its industry peers.
  • FMX has a debt to FCF ratio of 8.08. This is a slightly negative value and a sign of low solvency as FMX would need 8.08 years to pay back of all of its debts.
  • FMX has a Debt to FCF ratio (8.08) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.92 indicates that FMX is somewhat dependend on debt financing.
  • FMX has a Debt to Equity ratio of 0.92. This is in the lower half of the industry: FMX underperforms 61.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 8.08
Altman-Z 2.59
ROIC/WACC1.02
WACC7.14%
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 1.34. This is a normal value and indicates that FMX is financially healthy and should not expect problems in meeting its short term obligations.
  • FMX has a Current ratio (1.34) which is in line with its industry peers.
  • 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.
  • The Quick ratio of FMX (1.05) is better than 70.59% of its industry peers.
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

3

3. FMX Growth Analysis

3.1 Past

  • The earnings per share for FMX have decreased strongly by -29.18% in the last year.
  • FMX shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.12% yearly.
  • FMX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.15%.
  • The Revenue has been growing by 11.27% on average over the past years. This is quite good.
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

  • Based on estimates for the next years, FMX will show a very negative growth in Earnings Per Share. The EPS will decrease by -38.99% on average per year.
  • The Revenue is expected to grow by 5.14% on average over the next years.
EPS Next Y14.94%
EPS Next 2Y13.98%
EPS Next 3Y13.3%
EPS Next 5Y-38.99%
Revenue Next Year8.03%
Revenue Next 2Y8.19%
Revenue Next 3Y8.09%
Revenue Next 5Y5.14%

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 decreasing.
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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8

4. FMX Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 4.38, 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 94.12% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.73. FMX is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 3.81, which indicates a rather cheap valuation of FMX.
  • FMX's Price/Forward Earnings ratio is rather cheap when compared to the industry. FMX is cheaper than 94.12% of the companies in the same industry.
  • FMX is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.72, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 4.38
Fwd PE 3.81
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 cheaply inside the industry as 94.12% 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 64.71% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 19.67
EV/EBITDA 6.52
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

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FMX's earnings are expected to grow with 13.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y13.98%
EPS Next 3Y13.3%

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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 1.82.
  • FMX's Dividend Yield is comparable with the S&P500 average which is at 1.91.
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

  • FMX pays out 264.38% 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.
DP264.38%
EPS Next 2Y13.98%
EPS Next 3Y13.3%
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

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FMX Fundamentals: All Metrics, Ratios and Statistics

FOMENTO ECONOMICO MEX-SP ADR

NYSE:FMX (3/20/2026, 2:55:09 PM)

101.32

-4.76 (-4.49%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-25
Earnings (Next)04-27
Inst Owners20.43%
Inst Owner Change-3.48%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap35.01B
Revenue(TTM)841.91B
Net Income(TTM)16.30B
Analysts81
Price Target109.99 (8.56%)
Short Float %1.55%
Short Ratio1.46
Dividend
Industry RankSector Rank
Dividend Yield 1.73%
Yearly Dividend3.95
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)3.88%
EPS NQ rev (1m)-7.28%
EPS NQ rev (3m)-9.01%
EPS NY rev (1m)5.64%
EPS NY rev (3m)0.12%
Revenue NQ rev (1m)-0.29%
Revenue NQ rev (3m)-1.62%
Revenue NY rev (1m)-0.3%
Revenue NY rev (3m)-0.55%
Valuation
Industry RankSector Rank
PE 4.38
Fwd PE 3.81
P/S 0.76
P/FCF 19.67
P/OCF 8.08
P/B 2.56
P/tB 6.31
EV/EBITDA 6.52
EPS(TTM)23.12
EY22.82%
EPS(NY)26.57
Fwd EY26.22%
FCF(TTM)5.15
FCFY5.08%
OCF(TTM)12.54
OCFY12.37%
SpS134.15
BVpS39.61
TBVpS16.06
PEG (NY)0.29
PEG (5Y)N/A
Graham Number143.54
Profitability
Industry RankSector Rank
ROA 2.02%
ROE 6.65%
ROCE 11.86%
ROIC 7.3%
ROICexc 9.81%
ROICexgc 14.73%
OM 8.38%
PM (TTM) 1.96%
GM 41.14%
FCFM 3.84%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-7.78%
OM growth 5Y0.5%
PM growth 3Y-16.75%
PM growth 5YN/A
GM growth 3Y0.13%
GM growth 5Y1.09%
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 2.59
F-Score5
WACC7.14%
ROIC/WACC1.02
Cap/Depr(3y)111.14%
Cap/Depr(5y)103.5%
Cap/Sales(3y)5.6%
Cap/Sales(5y)5.23%
Profit Quality(3y)86.68%
Profit Quality(5y)106.26%
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 2Y13.98%
EPS Next 3Y13.3%
EPS Next 5Y-38.99%
Revenue 1Y (TTM)-12.15%
Revenue growth 3Y12.1%
Revenue growth 5Y11.27%
Sales Q2Q%5.66%
Revenue Next Year8.03%
Revenue Next 2Y8.19%
Revenue Next 3Y8.09%
Revenue Next 5Y5.14%
EBIT growth 1Y-3.79%
EBIT growth 3Y3.37%
EBIT growth 5Y11.83%
EBIT Next Year77.89%
EBIT Next 3Y28.6%
EBIT Next 5Y13.83%
FCF growth 1Y174.22%
FCF growth 3Y9.32%
FCF growth 5Y-3.28%
OCF growth 1Y36.13%
OCF growth 3Y9.5%
OCF growth 5Y6.07%

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.


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 4.38 and the Price/Book (PB) ratio is 2.56.


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 grow by 14.94% in the next year.