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Fomento Economico Mexicano SAB de CV Cedear FMX

Morningstar Rating
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Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

FMX is trading at a 15% premium.
Price
ARS 20,383.51
Fair Value
ARS 87,378.36
Uncertainty
Medium
1-Star Price
ARS 87,944.27
5-Star Price
ARS 93,432.97
Economic Moat
Yrkcq
Capital Allocation
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Trading Information

Previous Close Price
Day Range
52-Week Range
Bid/Ask
/
Market Cap
Volume/Avg
/

Key Statistics

Price/Earnings (Normalized)
24.40
Price/Sales
0.25
Dividend Yield (Trailing)
0.76%
Dividend Yield (Forward)
0.76%
Total Yield
0.76%

Company Profile

Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm has digested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 70% of total company revenue and around 75% of profits in 2022.
Sector
Consumer Defensive
Industry
Beverages - Brewers
Stock Style Box
Large Core
Total Number of Employees
86,000

Competitors

Valuation

Metric
FMX
3382
ABEV
Price/Earnings (Normalized)
24.403.9110.59
Price/Book Value
1.011.452.23
Price/Sales
0.250.472.28
Price/Cash Flow
4.096.287.28
Price/Earnings
FMX
3382
ABEV

Financial Strength

Metric
FMX
3382
ABEV
Quick Ratio
1.470.710.62
Current Ratio
1.951.000.89
Interest Coverage
3.347.525.56
Quick Ratio
FMX
3382
ABEV

Profitability

Metric
FMX
3382
ABEV
Return on Assets (Normalized)
3.05%4.57%10.90%
Return on Equity (Normalized)
8.51%13.59%17.71%
Return on Invested Capital (Normalized)
3.57%6.68%17.20%
Return on Assets
FMX
3382
ABEV
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Beverages - Brewers Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
FMX
Fomento Economico Mexicano SAB de CV ADRXrtmtlsgVvvvwn
BUDFF
Anheuser-Busch InBev SA/NVKSqvyz$117.0 Bil
BUD
Anheuser-Busch InBev SA/NV ADRKkpgqnrzsnGzt$117.0 Bil
HINKF
Heineken NVYfbcjrn$54.8 Bil
HEINY
Heineken NV ADRHbdwhxbnmGhhlms$54.4 Bil
ABEV
Ambev SA ADRWrtwtwwtkTmwn$36.1 Bil
HKHHY
Heineken Holding NV ADRLcdg$23.2 Bil
CABGY
Carlsberg A/S ADRMtklvhsCzwt$18.8 Bil
TAP
Molson Coors Beverage Co Shs -B- Non-VotingSnrbkhcgYdvgh$13.7 Bil
SAM
Boston Beer Co Inc Class AVkdbbckLxmdnq$3.5 Bil

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