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NYSE:FMX

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

$102.13
-1.08 (-1.05%)
(As of 09/18/2024 ET)

About Fomento Económico Mexicano Stock (NYSE:FMX)

Key Stats

Today's Range
$101.95
$103.67
50-Day Range
$99.77
$118.76
52-Week Range
$99.24
$143.43
Volume
368,701 shs
Average Volume
690,567 shs
Market Capitalization
$36.54 billion
P/E Ratio
27.68
Dividend Yield
0.52%
Price Target
$139.50
Consensus Rating
Hold

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.

Fomento Económico Mexicano Stock Analysis - MarketRank™

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Overall MarketRank™: 49th Percentile

Fomento Económico Mexicano scored higher than 49% of companies evaluated by MarketBeat, and ranked 104th out of 151 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Fomento Económico Mexicano has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Fomento Económico Mexicano has only been the subject of 1 research reports in the past 90 days.

  • Read more about Fomento Económico Mexicano's stock forecast and price target.
  • Earnings Growth

    Earnings for Fomento Económico Mexicano are expected to grow by 2.21% in the coming year, from $5.44 to $5.56 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Fomento Económico Mexicano is 27.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.82.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Fomento Económico Mexicano is 27.68, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 21.92.

  • Price to Earnings Growth Ratio

    Fomento Económico Mexicano has a PEG Ratio of 5.75. 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 1.63. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Fomento Económico Mexicano's valuation and earnings.
  • Percentage of Shares Shorted

    2.49% 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 7.9.
  • Change versus previous month

    Short interest in Fomento Económico Mexicano has recently increased by 9.61%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Fomento Económico Mexicano has a dividend yield of 0.52%, 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 14.36%. 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 9.53% next year. This indicates that Fomento Económico Mexicano will be able to sustain or increase its dividend.

  • Read more about Fomento Económico Mexicano's dividend.
  • Percentage of Shares Shorted

    2.49% 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 7.9.
  • Change versus previous month

    Short interest in Fomento Económico Mexicano has recently increased by 9.61%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Fomento Económico Mexicano has a news sentiment score of 0.48. 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 lower news sentiment than the 0.70 average news sentiment score of Consumer Staples companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Fomento Económico Mexicano this week, compared to 2 articles on an average week.

FMX Stock News Headlines

China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
See More Headlines

FMX Stock Analysis - Frequently Asked Questions

Fomento Económico Mexicano's stock was trading at $130.35 at the start of the year. Since then, FMX stock has decreased by 21.6% and is now trading at $102.13.
View the best growth stocks for 2024 here
.

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) released its earnings results on Wednesday, July, 24th. The company reported $1.87 EPS for the quarter. The company had revenue of $11.54 billion for the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a trailing twelve-month return on equity of 8.65%.

Top institutional shareholders of Fomento Económico Mexicano include First Eagle Investment Management LLC (2.68%), Baillie Gifford & Co. (1.09%), Allspring Global Investments Holdings LLC (0.47%) and Itau Unibanco Holding S.A. (0.36%).

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Fomento Económico Mexicano investors own include PayPal (PYPL), SEA (SE), Verizon Communications (VZ), Alibaba Group (BABA), Pfizer (PFE), Invesco QQQ (QQQ) and Mastercard (MA).

Company Calendar

Ex-Dividend for 7/29 Dividend
7/17/2024
Last Earnings
7/24/2024
Dividend Payable
7/29/2024
Today
9/18/2024
Next Earnings (Estimated)
10/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Bottled & canned soft drinks
Sub-Industry
Candy & Soda
Employees
369,367
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$139.50
High Stock Price Target
$152.00
Low Stock Price Target
$127.00
Potential Upside/Downside
+36.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$3.89 billion
Pretax Margin
8.23%

Debt

Sales & Book Value

Annual Sales
$741.61 billion
Cash Flow
$11.39 per share
Book Value
$62.58 per share

Miscellaneous

Free Float
337,463,000
Market Cap
$36.65 billion
Optionable
Optionable
Beta
0.94

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Should I Buy Fomento Económico Mexicano Stock? FMX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 10, 2024. Please send any questions or comments about these Fomento Económico Mexicano pros and cons to contact@marketbeat.com.

Fomento Económico Mexicano
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Fomento Económico Mexicano, S.A.B. de C.V.:

  • Fomento Económico Mexicano, S.A.B. de C.V. has a market capitalization of $40.43 billion, indicating a strong position in the market.
  • The company recently increased its semi-annual dividend from $0.74 to $1.0206 per share, showing a commitment to rewarding shareholders.
  • Despite a decrease in stock price to $102.78, the company has a 52-week high of $143.43, suggesting potential for growth.
  • Fomento Económico Mexicano, S.A.B. de C.V. reported a return on equity of 8.65% and a net margin of 3.75%, demonstrating financial stability.
  • Analysts forecast the company to post 5.38 earnings per share for the current year, indicating positive future earnings potential.

Fomento Económico Mexicano
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Fomento Económico Mexicano, S.A.B. de C.V. for these reasons:

  • The company's stock price has experienced a decline to $102.78, potentially signaling short-term volatility or market challenges.

This page (NYSE:FMX) was last updated on 9/18/2024 by MarketBeat.com Staff
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