Fomento Economico Mexicano S.A.B. de C.V. (FMX) vs Molson Coors Beverage Company (TAP)

Fomento Economico Mexicano S.A.B. de C.V. and Molson Coors Beverage Company are both Beverages Brewers companies. Fomento Economico Mexicano S.A.B. de C.V. is the larger, with a market value of $23.9B against $7.1B — 3.4× the size. Molson Coors Beverage Company has negative trailing earnings, so its P/E is not meaningful; Fomento Economico Mexicano S.A.B. de C.V. trades at 23.8×. Fomento Economico Mexicano S.A.B. de C.V. grew revenue faster over the last twelve months: 21.2% against −1.77%. Fomento Economico Mexicano S.A.B. de C.V. has the higher net margin (3.54% vs −20.8%) and the higher return on invested capital (14.7% vs −9.90%). Both pay a dividend; Fomento Economico Mexicano S.A.B. de C.V. yields more (5.48% vs 5.13%). Across the 22 metrics below, Fomento Economico Mexicano S.A.B. de C.V. leads on 16 and Molson Coors Beverage Company on 6.

Valuation

Metric FMX TAP Beverages Brewers median
P/E 23.85 n/m 17.60
P/S 0.79 0.63 0.92
P/B 2.23 0.68 2.23
Price to free cash flow 20.14 5.19 11.17
EV/EBITDA 9.60 6.64 9.68
EV/Sales 0.82 1.13 1.13
Earnings yield 4.19% (30.99%) 5.64%
Free cash flow yield 4.96% 19.28% 8.95%

Profitability

Metric FMX TAP Beverages Brewers median
Gross margin 40.50% 37.01% 48.88%
Operating margin 8.54% (22.71%) 8.54%
Net margin 3.54% (20.81%) 3.62%
Free cash flow margin 0.00% 12.13% 12.13%
Return on equity 0.00% (19.26%) 6.89%
Return on assets 4.09% (9.01%) 4.09%
Return on invested capital 14.70% (9.90%) 6.25%

Growth

Metric FMX TAP Beverages Brewers median
Revenue growth (TTM) 21.23% (1.77%) (1.77%)
EPS growth (last fiscal year) (22.75%) (300.93%) 5.88%
Revenue growth, 5-year CAGR 13.51% 2.91% 4.82%
Net income growth, 5-year CAGR 41.83% 0.00% 0.61%

Health

Metric FMX TAP Beverages Brewers median
Debt to equity 0.46 0.75 0.71
Current ratio 1.14 0.88 1.02
Net debt to EBITDA 0.24 2.65 2.65

Dividend

Metric FMX TAP Beverages Brewers median
Dividend yield 5.48% 5.13% 3.57%
Payout ratio 1.31 — 0.36

Size

Metric FMX TAP Beverages Brewers median
Market cap 23.93b 7.12b 21.11b

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