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Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide. The company operates through Coca-Cola FEMSA, Proximity Americas Division, Proximity Europe Division, Health Division, Fuel Division, and Others segments. It produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. The company also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, Brazil, and the United States 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, Sana Sana, YZA, La Moderna, and Farmacon names. In addition, the company provides transport logistics and maintenance services in Mexico, Brazil, and Colombia; processes electronic transactions for small and medium-sized businesses under the Spin name; and engages in the proximity discount grocery business under the Bara name. Further, it operates small-box retail and foodvenience chain stores in Switzerland, Germany, Austria, Luxembourg, and the Netherlands under the k kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books, avec, Caffè Spettacolo, and ok." brands. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is headquartered in Monterrey, Mexico.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Fomento Económico Mexicano (FEMSA) operates Coca‑Cola bottling, the OXXO convenience‑store chain and logistics businesses across Latin America. Long-term growth may be driven by OXXO store expansion, beverage volume and pricing recovery, and efficiency gains from integrated distribution, making the company appealing for exposure to regional retail and beverage cash flows.
Major risks include sensitivity to Mexican and regional economic cycles and currencies, competitive pressure in retail and beverages, commodity cost volatility, and regulatory or tax changes.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 2847.77M | 74654.21M | 56019.89M | 41872.00M | 41276.00M |
| Minority interest | - | -13501.00M | -12051.00M | -10834.00M | -9183.00M |
| Net income | 1077.84M | 25703.17M | 64040.85M | 24757.00M | 28495.00M |
| Selling general administrative | 2181.36M | 39126.00M | 32307.00M | 34486.00M | 27219.00M |
| Selling and marketing expenses | 12720.60M | 211966.00M | 188732.00M | 157340.00M | 134079.00M |
| Gross profit | 18947.22M | 363220.96M | 270723.10M | 251668.00M | 213713.00M |
| Reconciled depreciation | - | 39310.00M | 34017.00M | 30527.00M | 27987.00M |
| Ebit | 4103.17M | 94264.69M | 72240.38M | 31388.00M | 28913.00M |
| Ebitda | 5664.69M | 139031.70M | 105433.70M | 61915.00M | 56900.00M |
| Depreciation and amortization | 1561.52M | 44767.02M | 33193.32M | 30527.00M | 27987.00M |
| Operating income | 4103.17M | 80227.59M | 55969.14M | 31388.00M | 28913.00M |
| Other operating expenses | 42544.55M | 809857.06M | 629708.01M | 613786.00M | 504268.00M |
| Interest expense | 1108.34M | 18479.63M | 15824.33M | 16314.00M | 16938.00M |
| Tax provision | 19860.00M | 25433.00M | 19702.00M | 13546.76M | 14278.00M |
| Interest income | 16832.00M | 11910.00M | 14111.00M | 5192.62M | 1464.00M |
| Net interest income | - | -5667.00M | 2419.00M | -12651.00M | -14698.00M |
| Extraordinary items | 1574.00M | 115.00M | 32238.00M | - | - |
| Income tax expense | 1101.63M | 28963.61M | 12656.92M | 13547.00M | 14278.00M |
| Total revenue | 46647.72M | 890084.66M | 685677.16M | 673202.00M | 556261.00M |
| Total operating expenses | 14844.05M | 282993.36M | 214753.95M | 192252.00M | 161720.00M |
| Cost of revenue | 27700.50M | 526863.70M | 414954.06M | 421534.00M | 342548.00M |
| Total other income expense net | -1255.40M | -5573.39M | 50.74M | 10484.00M | 12363.00M |
| Net income from continuing ops | - | 40121.00M | 51828.00M | 35591.00M | 37678.00M |
| Net income applicable to common shares | 19431.00M | 26735.00M | 65689.00M | 24757.97M | 28495.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 44147.30M | 852207.00M | 805836.00M | 798815.00M | 737500.00M |
| Intangible assets | 5522.91M | 146418.00M | 98462.00M | 105068.00M | 100787.00M |
| Other current assets | 2070.31M | 48609.00M | 67291.00M | 11689.00M | 2733.00M |
| Total liab | 25878.14M | 469623.00M | 426708.00M | 536211.00M | 474899.00M |
| Total stockholder equity | 13611.30M | 382584.00M | 379128.00M | 262604.00M | 262601.00M |
| Other current liab | 4454.85M | 182413.00M | 162642.00M | 143363.00M | 122809.00M |
| Common stock | 158.59M | 382584.00M | 2981.05M | 3347.00M | 3348.00M |
| Capital stock | - | 3261.00M | 3348.00M | 3347.00M | 3348.00M |
| Retained earnings | 15491.62M | 306400.00M | 304653.00M | 251192.00M | 238306.00M |
| Other liab | - | - | - | 29470.00M | 31055.00M |
| Good will | 2561.46M | 46624.00M | 45522.00M | 85704.00M | 57351.00M |
| Other assets | 36843.00M | 671.00M | 43075.00M | 52908.00M | 49562.00M |
| Cash | 5989.65M | 139834.00M | 165112.00M | 39598.00M | 32145.00M |
| Cash and equivalents | 53268.00M | 91262.00M | 74998.00M | 43841.00M | 65262.00M |
| Total current liabilities | 11649.48M | 205260.00M | 186286.00M | 176922.00M | 136723.00M |
| Current deferred revenue | - | -173239.00M | 9666.00M | - | -91384.00M |
| Net debt | 8297.04M | 116457.00M | 67787.00M | 103883.00M | 87090.00M |
| Short term debt | 1989.27M | 22847.00M | 23644.00M | 1862.00M | 2003.00M |
| Short long term debt | - | 6722.00M | 8451.00M | 16333.00M | 4640.00M |
| Short long term debt total | 14286.69M | 256291.00M | 232899.00M | 280639.00M | 246851.00M |
| Other stockholder equity | -947.10M | 9573.00M | 17965.94M | -9649.00M | 3085.00M |
| Property plant equipment | 289215.00M | 275471.00M | 229471.00M | 217967.00M | 172141.00M |
| Total current assets | 15704.44M | 342311.00M | 356216.00M | 226449.00M | 230718.00M |
| Long term investments | - | 37001.00M | 35348.00M | 103669.00M | 107299.00M |
| Net tangible assets | - | - | - | 71061.00M | 176679.00M |
| Short term investments | 1111.73M | 43212.00M | 26728.00M | 51.00M | 24415.00M |
| Net receivables | 2680.26M | 43192.00M | 38863.00M | 37093.00M | 28613.00M |
| Long term debt | 126992.00M | 141482.00M | 128373.00M | 173400.00M | 185945.00M |
| Inventory | 3852.50M | 67464.00M | 58222.00M | 62224.00M | 50896.00M |
| Accounts payable | 5205.36M | 96912.00M | 81518.00M | 78400.00M | 93352.00M |
| Accumulated other comprehensive income | -1091.83M | -9573.00M | -21740.00M | -9649.00M | 3085.00M |
| Non currrent assets other | 2901.86M | 58721.00M | 196005.00M | 60168.00M | 69204.00M |
| Non current assets total | 28442.85M | 509896.00M | 449620.00M | 572158.00M | 506782.00M |
| Capital lease obligations | - | 108095.00M | 96073.00M | 93317.00M | 62354.00M |
| Long term debt total | 221695.00M | 235781.00M | 212210.00M | 254622.00M | 240994.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -33122.00M | 132292.00M | -46432.00M | -46175.00M |
| Change to liabilities | - | - | - | 13339.00M | 19931.00M |
| Total cashflows from investing activities | -496.71M | -33122.00M | 132292.00M | -46432.00M | -45630.00M |
| Net borrowings | - | -17279.00M | -41636.00M | -3094.00M | -6146.00M |
| Total cash from financing activities | -4329.37M | -84049.00M | -92552.00M | -35898.00M | -36989.00M |
| Change to operating activities | - | - | - | 1963.00M | -77.00M |
| Net income | 1077.84M | 26735.00M | 89648.00M | 49138.00M | 51956.00M |
| Change in cash | -735.42M | -25278.00M | 81673.00M | -13968.00M | -10217.00M |
| Begin period cash flow | 6734.83M | 165112.00M | 83439.00M | 97407.00M | 107624.00M |
| End period cash flow | 5999.40M | 139834.00M | 165112.00M | 83439.00M | 97407.00M |
| Total cash from operating activities | 3646.23M | 72487.00M | 49679.00M | 72576.00M | 73090.00M |
| Depreciation | 40291.00M | 39310.00M | 34017.00M | 30527.00M | 27987.00M |
| Other cashflows from investing activities | -496.71M | 18077.00M | 33785.00M | -13992.00M | -23599.00M |
| Dividends paid | 2597.47M | 25080.00M | 18798.00M | -17506.00M | -13399.00M |
| Change to inventory | -171.01M | -6720.00M | -6442.00M | -7726.00M | -7835.00M |
| Change to account receivables | -404.35M | -9761.00M | -12125.00M | -7777.00M | -6050.00M |
| Sale purchase of stock | -808.87M | -20311.00M | 0.00M | - | - |
| Other cashflows from financing activities | -1418.11M | -21379.00M | -32118.00M | 887.00M | 22444.00M |
| Change to netincome | - | - | - | 18341.00M | 10639.00M |
| Capital expenditures | 2003.16M | 43682.00M | 38120.00M | 32440.00M | 20299.00M |
| Change in working capital | -1290.17M | -19868.00M | -1973.00M | -201.00M | 5969.00M |
| Stock based compensation | - | 947.00M | 943.00M | - | - |
| Other non cash items | 3858.56M | 25363.00M | -72013.00M | -6888.00M | -12822.00M |
| Free cash flow | 1643.06M | 28805.00M | 11559.00M | 40136.00M | 52791.00M |
Sector: Consumer Defensive Industry: Beverages - Brewers
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FMX Fomento Economico Mexicano |
-0.33 0.25% |
132.20 | 23.43 | 89.29 | 0.05 | 3.22 | 0.96 | 9.85 |
| BUD Anheuser Busch Inbev NV ADR |
0.90 1.06% |
84.97 | 21.47 | 17.61 | 2.39 | 1.67 | 3.49 | 9.94 |
| BUDFF Anheuser-Busch InBev SA/NV |
- -% |
83.90 | 21.54 | 17.39 | 2.39 | 1.65 | 3.49 | 9.94 |
| HINKF Heineken N.V |
- -% |
93.15 | 20.24 | 16.16 | 1.92 | 2.69 | 2.58 | 12.55 |
| ABEV Ambev SA ADR |
-0.02 0.71% |
2.78 | 15.10 | 13.33 | 0.53 | 2.70 | 2.60 | 7.74 |
Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide. The company operates through Coca-Cola FEMSA, Proximity Americas Division, Proximity Europe Division, Health Division, Fuel Division, and Others segments. It produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. The company also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, Brazil, and the United States 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, Sana Sana, YZA, La Moderna, and Farmacon names. In addition, the company provides transport logistics and maintenance services in Mexico, Brazil, and Colombia; processes electronic transactions for small and medium-sized businesses under the Spin name; and engages in the proximity discount grocery business under the Bara name. Further, it operates small-box retail and foodvenience chain stores in Switzerland, Germany, Austria, Luxembourg, and the Netherlands under the k kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books, avec, Caffè Spettacolo, and ok." brands. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is headquartered in Monterrey, Mexico.
General Anaya No. 601 Pte., Monterrey, NL, Mexico, 64410
52 818 328 6000
381480
| Name | Title | Year Born |
|---|---|---|
| Mr. Jose Antonio Vicente Fernandez Carbajal | Exec. Chairman | 1954 |
| Mr. Daniel Alberto Rodríguez Cofré | Chief Exec. Officer | 1965 |
| Mr. Eugenio Garza Y. Garza | Chief Corp. Financial Officer, Director of Fin. & Corp. Devel. | 1971 |
| Mr. Gerardo Estrada Attolini | VP of Admin. & Corp. Control | 1957 |
| Mr. Juan F. Fonseca | VP of Investor Relations | NA |
| Mr. Raymundo Yutani Vela | Director of HR | NA |
| Mr. Alfonso Garza Garza | CEO of Negocios Estratégicos, CEO of Strategic Bus.es & Director | 1962 |
| Mr. Francisco Camacho Beltrán | Chief Corp. Officer | 1965 |
| Mr. Jose Antonio Fernandez Garza-Laguera | Chief Exec. Officer of Digital Division | NA |
| Mr. Carlos Arenas Cadena | Chief Exec. Officer of Proximity Division | 1962 |
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