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Fomento Economico Mexicano SAB de CV ADR FMX

Morningstar Rating
$126.91 +0.02 (0.02%)
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Company Report

Price vs Fair Value

FMX is trading within a range we consider fairly valued.
Price
$126.91
Fair Value
$964.00
Uncertainty
Medium
1-Star Price
$823.22
5-Star Price
$64.50
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Oxxo dominates the convenience store market in Mexico, with an attractive return profile and plenty of room to expand the store base.

Bears

Femsa will face stringent business regulations and high costs of labor and real estate in Europe as it looks to turn around the newly acquired Valora convenience chain.

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News

Trading Information

Previous Close Price
$126.89
Day Range
$126.18127.74
52-Week Range
$74.90128.63
Bid/Ask
$127.50 / $203.71
Market Cap
$227.06 Bil
Volume/Avg
322,431 / 612,516

Key Statistics

Price/Earnings (Normalized)
107.71
Price/Sales
1.15
Dividend Yield
1.65%
Dividend Yield (Forward)
1.65%
Total Yield
1.65%

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
350,000

Competitors

Valuation

Metric
FMX
ABEV
PEP
Price/Earnings (Normalized)
107.7113.2722.46
Price/Book Value
13.252.5712.33
Price/Sales
1.152.782.55
Price/Cash Flow
15.579.4117.02
Price/Earnings
FMX
ABEV
PEP

Financial Strength

Metric
FMX
ABEV
PEP
Quick Ratio
1.420.750.68
Current Ratio
1.931.110.88
Interest Coverage
5.639.9312.87
Quick Ratio
FMX
ABEV
PEP

Profitability

Metric
FMX
ABEV
PEP
Return on Assets (Normalized)
6.68%11.30%10.91%
Return on Equity (Normalized)
18.94%18.12%57.89%
Return on Invested Capital (Normalized)
8.41%16.62%18.52%
Return on Assets
FMX
ABEV
PEP

Beverages - Brewers Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
BUDFF
Anheuser-Busch InBev SA/NVCkp$127.0 Bil
BUD
Anheuser-Busch InBev SA/NV ADRWcrc$127.0 Bil
HINKF
Heineken NVWytxwn$52.6 Bil
HEINY
Heineken NV ADRXrlwqf$52.6 Bil
ABEV
Ambev SA ADRXkm$45.2 Bil
BDWBF
Budweiser Brewing Co APAC LtdRgwpzw$23.2 Bil
CABGY
Carlsberg A/S ADRBkcrs$18.1 Bil
TAP
Molson Coors Beverage Co Shs -B- Non-VotingLnqv$13.4 Bil
SAM
Boston Beer Co Inc Class APgtrbjc$4.3 Bil