Fomento Economico Mexicano SAB de CV ADR
FMX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$794.00 | Gcbmk | Nnlkfgy |
Femsa Is Making Progress on Its Initiatives Despite Rising Costs and Lingering Pandemic Effects
Business Strategy and Outlook
From a Coca-Cola bottler to a convenience store network, pharmaceutical operations to fuel stations, logistics services to restaurant depots, brewers, and specialized distributors, the number of businesses operating under the auspices of Femsa is sprawling (and this isn’t even an exhaustive list). Still, despite the breadth of operations, we see common threads that unite them, leading to symbiotic strategic relationships that strengthen the commercial prowess of each entity. Moreover, with largely separate management teams, we believe the right focus is in place at the highest levels and, in conjunction with massive financial resources, should allow each business to navigate the competitive landscape.