Fomento Económico Mexicano (FMX) Stock Price, News & Analysis

Company Overview

Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of collers, commercial refrigeration equipment, plastic boxes, food processing, and preservation and weighing equipment; and provision of logistic transportation, distribution and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. Further, it operates small-box retail and food convenience chain stores in Switzerland, Germany, Austria, Luxembourg, and the Netherlands under the k kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books, avec, Caffè Spettacolo, and ok.) names, as well as pretzels under the Ditsch name. The company was founded in 1890 and is based in Monterrey, Mexico.

Key Stats

• Today's Range: $84.73 to $87.52
• 50-Day Range: $84.71 to $98.75
• 52-Week Range: $84.49 to $143.43
• Volume: 449,012 shs
• Average Volume: 675,489 shs
• Market Capitalization: $31.23 billion
• P/E Ratio: 22.38
• Dividend Yield: 0.57%
• Price Target: $126.33
• Consensus Rating: Hold

Fomento Económico Mexicano Stock Analysis - MarketRank™

Fomento Económico Mexicano scored higher than 77% of companies evaluated by MarketBeat, and ranked 44th out of 148 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Fomento Económico Mexicano has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Fomento Económico Mexicano has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 1.52%

Earnings Growth

Earnings for Fomento Económico Mexicano are expected to grow by 1.52% in the coming year, from $5.27 to $5.35 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fomento Económico Mexicano is 22.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fomento Económico Mexicano is 22.38, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 21.96.

Price to Earnings Growth Ratio

Fomento Económico Mexicano has a PEG Ratio of 5.23. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Fomento Económico Mexicano has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.59% of the float of Fomento Económico Mexicano has been sold short.

Short Interest Ratio / Days to Cover

Fomento Económico Mexicano has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Fomento Económico Mexicano has recently decreased by 42.99%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Fomento Económico Mexicano has a dividend yield of 0.58%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Fomento Económico Mexicano does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Fomento Económico Mexicano is 12.82%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Fomento Económico Mexicano will have a dividend payout ratio of 9.35% next year. This indicates that Fomento Económico Mexicano will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.59% of the float of Fomento Económico Mexicano has been sold short.

Short Interest Ratio / Days to Cover

Fomento Económico Mexicano has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Fomento Económico Mexicano has recently decreased by 42.99%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.89

News Sentiment

Fomento Económico Mexicano has a news sentiment score of 0.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Fomento Económico Mexicano this week, compared to 3 articles on an average week.

Search Interest

2 people have searched for FMX on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Fomento Económico Mexicano insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.68% of the stock of Fomento Económico Mexicano is held by insiders.

Percentage Held by Institutions

61.00% of the stock of Fomento Económico Mexicano is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FMX Stock Analysis - Frequently Asked Questions

How have FMX shares performed this year?

Fomento Económico Mexicano's stock was trading at $130.35 at the beginning of the year. Since then, FMX shares have decreased by 33.0% and is now trading at $87.30.
View the best growth stocks for 2024 here.

How were Fomento Económico Mexicano's earnings last quarter?

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) released its quarterly earnings data on Thursday, April, 26th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.33. The company earned $6.15 billion during the quarter, compared to analysts' expectations of $6.26 billion. Fomento Económico Mexicano had a net margin of 3.22% and a trailing twelve-month return on equity of 8.14%.

Who are Fomento Económico Mexicano's major shareholders?

Fomento Económico Mexicano's top institutional shareholders include Baillie Gifford & Co. (1.20%), abrdn plc (0.41%), Allspring Global Investments Holdings LLC (0.31%) and Itau Unibanco Holding S.A. (0.22%).

How do I buy shares of Fomento Económico Mexicano?

Shares of FMX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Fomento Económico Mexicano own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Fomento Económico Mexicano investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), ServiceNow (NOW) and General Electric (GE).

Company Calendar

• Last Earnings: 4/26/2018
• Ex-Dividend for 10/28 Dividend: 10/16/2024
• Dividend Payable: 10/28/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Bottled & canned soft drinks
• Sub-Industry: Candy & Soda
• Current Symbol: NYSE:FMX
• CUSIP: N/A
• CIK: 1061736
• Web: www.femsa.com
• Phone: 528183286000
• Fax: 01 81 83286080
• Employees: 369,367
• Year Founded: 1993

Price Target and Rating

• Average Stock Price Target: $126.33
• High Stock Price Target: $152.00
• Low Stock Price Target: $109.00
• Potential Upside/Downside: +44.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.90
• Trailing P/E Ratio: 22.38
• Forward P/E Ratio: 16.57
• P/E Growth: 5.23
• Net Income: $3.89 billion
• Net Margins: 3.22%
• Pretax Margin: N/A
• Return on Equity: 8.14%
• Return on Assets: 3.72%

Debt

• Debt-to-Equity Ratio: 0.36
• Current Ratio: 1.72
• Quick Ratio: 1.44

Sales & Book Value

• Annual Sales: $755.75 billion
• Price / Sales: 0.04
• Cash Flow: $11.02 per share
• Price / Cash Flow: 7.92
• Book Value: $62.58 per share
• Price / Book: 1.40

Miscellaneous

• Outstanding Shares: 357,785,000
• Free Float: 337,463,000
• Market Cap: $31.23 billion
• Optionable: Optionable
• Beta: 0.90