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Fomento Economico Mexicano S.A.B. de C.V. FMX

Consumer Defensive — Beverages Brewers
Insider Buys (last 12m)
Insider Buys alert about insiders buying in the last 12 month

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Insider Decisions

Total buys
0.25
Total sells
4.58
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — 1 —
Sell — — — — — 2 — — 1 — — —
Insider Ownership
49.19%

Capital & Financial Ratios

Market Cap
24,260.00
Revenue
51,372.38
Net Income
2,939.00
Free Cash Flow
2,023.06
Net Debt
1,335.49
Current Ratio
1.14
Debt/Equity
0.46
P/E ratio
23.74
P/S ratio
0.79
P/B ratio
2.22
Past 5Y EPS Growth
5.97%
This Y EPS Growth
73.41%
Next Y EPS Growth
(4.91%)
Next 5Y EPS Growth
23.92%
in millions of $

Dividends

Payout Ratio
0.55
Annual Dividend Rate
2.10
Annual Dividend Yield
1.49%
total individual payouts
2026 4.59
—
—
—
2025 4.85
—
—
—
—
2024 3.07
—
—
—
2023 2.07
—
—
2022 1.71
—
—
2021 1.14
—
—
2020 1.46
—
—
2019 1.51
—
—
2018 1.40
—
—
2017 1.35
—
—
2016 1.35
—
—
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 12,350.00 8,862.00 7,172.00 6,701.68
Receivables 3,527.00 3,327.00 4,362.00 2,603.66
Inventory 3,445.00 3,235.00 3,857.00 3,884.24
Other 226.00 299.00 333.00 2,456.46
21,076.00 16,413.00 15,724.00 15,646.04
2023 2024 2025 Q'26
Payables 6,408.00 6,199.00 6,864.00 —
ST’ Debt 500.00 322.00 1,149.00 859.45
Other 2,489.00 2,115.00 2,450.00 —
10,792.00 9,729.00 11,664.00 13,769.75
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 11,822.91 13,282.62 — —
—
’25 9,595.18 10,842.97 11,526.06 14,740.79
46,705.00
’24 — 11,527.21 10,409.19 —
37,476.00
’23 9,648.59 11,219.25 11,022.37 9,689.79
41,580.00
’22 7,204.64 2,859.82 8,480.20 15,986.34
34,531.00
’21 6,124.12 6,852.90 7,122.15 7,016.83
27,116.00
’20 6,175.34 4,912.65 5,730.50 7,963.51
24,782.00
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 — — — —
—
’25 — — — 3,946.00
3,946.00
’24 — — — —
3,429.00
’23 328.79 1,050.00 1,168.06 2,941.00
2,941.00
’22 437.19 1,141.67 810.27 3,723.00
3,723.00
’21 548.42 1,067.89 — 3,564.00
3,564.00
’20 418.49 304.57 565.16 2,673.00
2,673.00
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 — — — —
—
’25 — — — 1,650.00
1,650.00
’24 — — — —
1,203.00
’23 328.79 1,050.00 1,168.06 736.00
736.00
’22 437.19 1,141.67 810.27 2,084.00
2,084.00
’21 548.42 1,067.89 — 2,622.00
2,622.00
’20 418.49 304.57 565.16 1,683.00
1,683.00
in millions of $

EPS

Mar Jun Sep Dec Year
’26 2.41 0.93 — —
—
’25 0.79 0.40 0.38 1.28
2.92
’24 — 1.93 0.84 —
3.78
’23 7.44 1.00 1.56 0.64
10.98
’22 0.67 1.10 1.49 0.69
3.55
’21 0.74 0.43 1.92 0.91
3.93
’20 1.29 (1.42) 0.41 (0.17)
(0.27)

Target Price Range

High
‡‡‡‡‡
‡‡‡‡‡
Average
‡‡‡‡‡
‡‡‡‡‡
Low
‡‡‡‡‡
‡‡‡‡‡

Recommendation Rating

2.1
1
Buy
2
3
Hold
4
5
Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 58.73 77.21 84.49 81.08 — — —
Low Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 84.33 133.62 143.43 108.74 — — —
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 354,309 369,367 388,999 368,776 — — —
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.10 0.11 0.10 0.13 — — —
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 34,531.00 41,580.00 37,476.00 46,705.00 — — —
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 37.38% 39.78% 41.14% 40.62% — — —
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2,139.00 3,420.00 3,191.00 2,935.00 — — —
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6.19% 8.23% 8.51% 6.28% — — —
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2,520.00 5,305.00 3,149.00 2,939.00 — — —
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1,566.00 2,013.00 1,885.00 2,452.00 — — —
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 96.63 116.42 106.27 132.44 — — —
Revenue/Sh
‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ 3.55 10.98 3.78 2.92 — — —
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 10.42 8.23 9.72 11.19 — — —
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (4.59) (6.17) (6.31) (6.51) — — —
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.83 2.06 3.41 4.68 — — —
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 48.49 62.70 51.82 51.87 — — —
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 357.35 357.15 352.64 352.64 — — —
Shares
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 19.69 12.05 17.20 35.46 — — —
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.81 1.10 0.72 0.76 — — —
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.60 2.05 1.36 1.95 — — —
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.95 1.00 0.67 0.80 — — —
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 26.36 (144.21) (99.76) 18.37 — — —
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3,723.00 2,941.00 3,429.00 3,946.00 — — —
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (1,639.00) (2,205.00) (2,226.00) (2,296.00) — — —
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2,084.00 736.00 1,203.00 1,650.00 — — —
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2,543.00 10,284.00 6,684.00 4,060.00 — — —
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 9,835.00 8,096.00 7,106.00 8,701.00 — — —
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 4,969.00 (4,254.00) (1,756.00) 1,529.00 — — —
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 17,328.00 22,392.00 18,275.00 18,291.00 — — —
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.19% 8.77% 2.90% 2.54% — — —
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.61% 14.59% 12.78% 12.77% — — —
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 7.30% 19.57% 6.31% 5.90% — — —
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Fomento Económico Mexicano (FMX), Latin America’s leading Coca-Cola bottler and Oxxo convenience store operator, has thrived amid Mexico’s nearshoring surge, moderating inflation, and USMCA trade flows, showcasing resilience through geopolitical tensions like US-China trade wars and post-COVID digital retail growth. Revenue more than doubled over the past decade to a 2023 peak before a 10% 2024 dip, driven by Oxxo expansion to over 20,000 stores and rising middle-class demand, with gross margins expanding 11% to 41.1% reflecting pricing power and supply chain efficiency despite commodity volatility.

Profitability remains cyclical—EBT up 146% long-term but down 7% in 2024—yet cash generation shines, with positive free cash flow funding dividends amid capex for growth; ROIC doubled to 12.8%, and the balance sheet strengthened dramatically, flipping to net cash (-1.8 billion MXN) after 18% debt reduction. Valuation looks compelling at 17x PE and 0.7x PS, undervalued relative to 10%+ EPS potential, with stock up 44% over the decade outperforming LatAm peers.

Analysts forecast explosive upside (mean target implying ~1780% gains), fueled by Oxxo international growth, beverage recovery, and nearshoring wage boosts, though risks like elections, competition, and peso shocks loom. FMX blends defensive staples moats with emerging-market beta, poised for outperformance as rate cuts loom—monitor Q1 2025 for confirmation.

Read full commentary →

Fomento Economico Mexicano S.A.B. de C.V. (FMX) Latest News

News by impact score

Fine-tune

14 Sep

3 , 9:02 AM
FEMSA announces accelerated share repurchase agreement. Accelerated share repurchase signals capital return to shareholders and may support near-term stock performance.

21 Aug

3 , 12:43 PM
FEMSA advances digital initiatives via its SPIN platform to drive additional growth. SPIN digital push represents moderate strategic move likely to influence operations and growth trajectory without fundamental transformation.

5 Aug

3 , 12:42 PM
FEMSA reports Q2 momentum but confronts margin pressure throughout its portfolio. Q2 results and margin pressures indicate moderate effects on FEMSA financial outlook.

29 Jul

3 , 10:00 AM
FMX Q2 earnings call highlights OXXO strategy shift. OXXO strategy shift may moderately influence FMX operations and positioning.

3 , 9:52 AM
FEMSA Q2 earnings and revenues beat estimates driven by OXXO Mexico and Coca-Cola FEMSA performance. Q2 earnings beat signals steady core operations but lacks major strategic or market-altering developments.

28 Jul

3 transcript , 7:00 PM
FMX Q2 2026 earnings call highlighted strong revenue growth along with solid operational performance and margin expansion. Positive Q2 revenue results from the earnings call indicate improved financial performance likely to influence near-term investor sentiment.

3 transcript www.marketbeat.com, 2:04 PM
FMX reported Q2 results via earnings call, covering revenue, margins, segment performance, and strategic outlook for its core beverage and retail operations. Quarterly earnings details can shift near-term sentiment and valuation but rarely alter long-term company trajectory on their own.

3 , 10:32 AM
Coca-Cola beat Q2 earnings and sales estimates on volume growth, supporting stronger bottling demand for Fomento Economico Mexicano. Coca-Cola volume growth directly lifts Fomento Economico Mexicano bottling revenues and outlook.

3 , 9:04 AM
FEMSA announced its second quarter 2026 financial results. Quarterly earnings releases deliver key performance data that can shift near-term stock valuation and sentiment.

22 Jul

3 , 1:19 PM
FEMSA stock positioning analyzed ahead of Q2 earnings release based on recent performance metrics and market outlook. Q2 earnings preview sets near-term expectations that may moderately sway FMX investor sentiment and short-term price action.

8 Jul

3 , 10:05 AM
FEMSA tests OXXO store format innovations to improve efficiency and capture greater convenience retail share in Mexico. OXXO format changes target retail efficiency and positioning without altering FEMSA core financial trajectory.

22 Jun

3 Zacks, 12:00 PM
Fomento Economico Mexicano S.A.B. de C.V. (FMX) receives a Strong Buy rating upgrade from analysts. Strong Buy upgrade can lift short-term investor sentiment and FMX share price.

8 Jun

3 GlobeNewswire, 8:50 AM
QED to invest in FEMSA’s lending venture. Investment signals expansion in lending operations with moderate effect on FMX financial performance and positioning.

1 May

4 Zacks, 12:21 PM
FEMSA Q1 earnings beat expectations, boosted by strong performance in OXXO Mexico, OXXO Americas, and Mobility segments. Q1 earnings beat from key OXXO segments indicates robust financial health and positive momentum for FMX's future performance.

3 www.marketbeat.com, 8:42 AM
Fomento Economico Mexicano S.A.B. de C.V. (FMX) released Q1 earnings call highlights detailing financial performance, operational updates, and future outlook. Q1 earnings highlights offer insights into financial results and guidance with moderately noticeable influence on performance and investor sentiment.

30 Apr

4 GlobeNewswire, 9:37 AM
FEMSA announced first quarter 2026 results, detailing financial performance across its operations in beverages, retail, and other segments. Quarterly earnings release reveals key financial metrics directly shaping FMX's market valuation and investor outlook.

24 Apr

4 Zacks, 3:26 PM
FEMSA Q1 earnings release nears, outlining key expectations, recent performance in beverages and retail, analyst forecasts, and potential impacts on stock outlook. Upcoming Q1 earnings preview signals potential major shifts in financial performance and investor sentiment for FMX.

24 Mar

4 Zacks, 1:33 PM
Fomento Economico Mexicano S.A.B. de C.V. (FMX) boosts its share repurchase plan and reports strong progress on its forward strategy. Boosting the share repurchase plan signals financial confidence and supports stock value, while forward strategy progress enhances long-term positioning.

23 Mar

4 GlobeNewswire, 9:11 AM
FEMSA completes accelerated share repurchase agreement and announces a new one. Completing an accelerated share repurchase and announcing a new one signals financial confidence, reduces shares outstanding, and likely boosts EPS and stock performance.

4 Mar

3 Insider Monkey, 1:41 AM
Fomento Economico Mexicano S.A.B. de C.V. (FMX) reported Q4 revenue up 5.7% year-over-year. Q4 revenue growth of 5.7% YoY signals moderately noticeable positive effect on financial performance.

26 Feb

4 www.cstoredive.com, 4:00 AM
Hundreds of Oxxo convenience stores in Mexico remain closed amid ongoing violence, disrupting operations for parent company Fomento Economico Mexicano (FMX). Closure of hundreds of core Oxxo stores due to violence significantly disrupts FMX's retail revenue and operations in Mexico.

3 Zacks, 11:17 AM
FEMSA's Q4 earnings missed estimates, but revenues exceeded forecasts due to strength in key segments. Earnings miss offsets revenue beat from segment strength, yielding moderate impact on financial performance and market sentiment.

25 Feb

4 Associated Press Finance, 8:33 AM
Fomento Economico Mexicano S.A.B. de C.V. (FMX) released its Q4 earnings snapshot. Q4 earnings snapshots reveal key financial metrics that can significantly sway FMX's stock performance and investor outlook.

4 GlobeNewswire, 8:03 AM
FEMSA announced its fourth quarter 2025 financial results, highlighting key performance metrics across its operations. Quarterly earnings releases reveal financial health and guide investor expectations for FMX's trajectory.

23 Feb

3 www.cstoredive.com, 4:55 AM
Oxxo USA opened its first in-store Doña Tota quick-service restaurant, expanding FEMSA's convenience store chain into on-site Mexican fast food in the United States. Oxxo USA's inaugural in-store Doña Tota QSR bolsters FMX's competitive edge in US convenience retail through food service diversification.

18 Feb

3 Zacks, 12:12 PM
FEMSA's Q4 earnings report approaches, sparking speculation on whether results will surprise investors amid focus on performance metrics and outlook. Upcoming Q4 earnings could moderately influence FEMSA's financial performance and investor sentiment.

15 Feb

4 247wallst.com, 10:44 AM
Analysts raised price targets for Fomento Economico Mexicano (FMX), Coca-Cola's Mexican bottler, following its Q4 earnings beat. Q4 earnings beat and analyst price target raises boost FMX investor sentiment and stock trajectory significantly.

2 Feb

4 GlobeNewswire, 6:08 AM
Fomento Economico Mexicano S.A.B. de C.V. (FMX) has acquired full ownership of OXXO Brazil, a significant move that consolidates its presence in the Brazilian market. This acquisition allows FMX to streamline operations and enhance its strategic positioning in the region, potentially leading to increased market share and profitability. Acquiring full ownership of OXXO Brazil is a major strategic move that could significantly alter FMX's market dynamics and investor sentiment.

29 Jan

4 www.cstoredive.com, 4:21 AM
Oxxo USA has appointed a new CEO to spearhead its expansion efforts in the United States. This strategic move aims to enhance the brand's presence and operations in the U.S. market, reflecting Fomento Economico Mexicano S.A.B. de C.V.'s commitment to growth and adaptation in a competitive landscape. The appointment of a new CEO for Oxxo USA indicates a significant strategic initiative that could greatly influence the company's market positioning and growth trajectory.

3 Dec

4 Simply Wall St., 4:31 AM
Fomento Economico Mexicano S.A.B. de C.V. (FMX) is highlighted as a top global dividend stock to consider in December 2025, reflecting its strong financial performance and commitment to returning value to shareholders. The company has consistently delivered reliable dividends, making it an attractive option for income-focused investors. Analysts emphasize FMX's robust market position and growth potential in the beverage and retail sectors, contributing to its appeal in the dividend stock landscape. FMX's strong financial performance and commitment to dividends indicate significant potential for future market impact.
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