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

NYSE:FMX • US3444191064

113.5 USD
+1.37 (+1.22%)
Last: Feb 20, 2026, 12:53 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FMX. FMX was compared to 33 industry peers in the Beverages industry. FMX has only an average score on both its financial health and profitability. FMX is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year FMX was profitable.
  • 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

  • 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.
  • FMX's Return On Invested Capital of 8.26% is in line compared to the rest of the industry. FMX outperforms 51.52% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for FMX is below the industry average of 11.46%.
  • The 3 year average ROIC (6.90%) for FMX is below the current ROIC(8.26%), indicating increased profibility in the last year.
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

  • 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.
  • FMX's Profit Margin has declined in the last couple of years.
  • FMX has a worse Operating Margin (8.38%) than 63.64% of its industry peers.
  • In the last couple of years the Operating Margin of FMX has remained more or less at the same level.
  • The Gross Margin of FMX (41.14%) is comparable to the rest of the industry.
  • FMX's Gross Margin has improved in the last couple of years.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

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.
  • 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.
  • Compared to 1 year ago, FMX has a worse debt to assets ratio.
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 2.60. 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 of 2.60. This is comparable to the rest of the industry: FMX outperforms 57.58% of 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.
  • Looking at the Debt to FCF ratio, with a value of 8.08, FMX is in line with its industry, outperforming 51.52% of the companies in the same industry.
  • FMX has a Debt/Equity ratio of 0.92. This is a neutral value indicating FMX is somewhat dependend on debt financing.
  • FMX has a worse Debt to Equity ratio (0.92) than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 8.08
Altman-Z 2.6
ROIC/WACC1.21
WACC6.82%
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.
  • 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.
  • Looking at the Quick ratio, with a value of 1.05, FMX is in the better half of the industry, outperforming 66.67% 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 1.14% over the past year.
  • FMX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 43.40% yearly.
  • FMX shows a decrease in Revenue. In the last year, the revenue decreased by -9.05%.
  • Measured over the past years, FMX shows a quite strong growth in Revenue. The Revenue has been growing by 9.05% on average per year.
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 6.84% 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 5Y6.84%

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 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 2030 2031 2032 0 200 400 600 800

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • FMX is valuated cheaply with a Price/Earnings ratio of 4.41.
  • FMX's Price/Earnings ratio is rather cheap when compared to the industry. FMX is cheaper than 93.94% of the companies in the same industry.
  • FMX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.09.
  • With a Price/Forward Earnings ratio of 4.35, 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 93.94% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.98. FMX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 4.41
Fwd PE 4.35
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

  • FMX's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FMX is cheaper than 93.94% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FMX indicates a somewhat cheap valuation: FMX is cheaper than 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 21.25
EV/EBITDA 6.63
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

  • A cheap valuation may be justified as FMX's earnings are expected to decrease with -3.99% in the coming years.
PEG (NY)N/A
PEG (5Y)0.1
EPS Next 2Y-12.22%
EPS Next 3Y-3.99%

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

4

5. Dividend

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 1.72.
  • FMX's Dividend Yield is comparable with the S&P500 average which is at 1.85.
Industry RankSector 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
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 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

More info and screens

Find the best dividend stocksShow peers with best dividend

FOMENTO ECONOMICO MEX-SP ADR

NYSE:FMX (2/20/2026, 12:53:28 PM)

113.5

+1.37 (+1.22%)

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-5.57%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap39.22B
Revenue(TTM)830.54B
Net Income(TTM)16.30B
Analysts81
Price Target109.99 (-3.09%)
Short Float %2.18%
Short Ratio1.9
Dividend
Industry RankSector Rank
Dividend Yield 1.73%
Yearly Dividend4.09
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)4.93%
PT rev (3m)9.4%
EPS NQ rev (1m)-4.23%
EPS NQ rev (3m)-5.49%
EPS NY rev (1m)-0.79%
EPS NY rev (3m)-14.94%
Revenue NQ rev (1m)-1.34%
Revenue NQ rev (3m)-1.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.59%
Valuation
Industry RankSector Rank
PE 4.41
Fwd PE 4.35
P/S 0.82
P/FCF 21.25
P/OCF 8.73
P/B 2.76
P/tB 6.82
EV/EBITDA 6.63
EPS(TTM)25.71
EY22.65%
EPS(NY)26.08
Fwd EY22.98%
FCF(TTM)5.34
FCFY4.71%
OCF(TTM)13
OCFY11.45%
SpS139.1
BVpS41.07
TBVpS16.65
PEG (NY)N/A
PEG (5Y)0.1
Graham Number154.14
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 2.6
F-Score5
WACC6.82%
ROIC/WACC1.21
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 5Y6.84%
EBIT growth 1Y-3.79%
EBIT growth 3Y6.96%
EBIT growth 5Y7.64%
EBIT Next Year70.74%
EBIT Next 3Y26.63%
EBIT Next 5Y17.05%
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 4.41 and the Price/Book (PB) ratio is 2.76.


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.