Fomento Económico Mexicano, S.A.B. de C.V.

MX$241.51As of Sun 8 Nov 2026, 12:00 UTC

BMV:FEMSA-UBDConsumer Staples

Country Mexico

PE (Fwd) •••

TSR 10Y CAGR 5.94%

Div yield 6.08%

ROE 14.96%

Beverages (Non-Alcoholic)

Beta (5Y) 0.09

PE TTM 22.90

TSR TTM 46.99%

Mkt cap MX$746.1B

ROIC 13.42%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$251

4.09%

(70.08%)

Hold 0|7|4|7|5

TTM

FYE 31 Dec MXN

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

71.81

Revenue$B

116.8

123.5

129.7

137.8

145.1

155.1

162.6

174.7

182.9

191.9

75.67

5.75%

5.60%

16.85

Revenue growth%

19.08

18.32

21.08

22.07

22.95

21.25

23.42

26.39

27.42

28.47

26.85

26.39

22.51

19.57

Gross margin%

5.85

7.48

9.19

10.34

11.91

11.40

9.91

9.26

6.80

4.47

11.52

9.26

9.23

12.92

Operating margin%

10.33

11.11

10.45

11.80

13.04

12.31

10.55

10.16

11.77

10.76

3.90

10.76

10.94

15.40

Net margin%

16.61

17.30

16.58

18.13

16.52

17.91

20.10

17.99

16.60

15.26

18.53

17.91

16.95

14.21

P/E ratio (avg)x

42.33

44.42

44.14

47.05

45.33

45.59

51.30

54.45

56.17

59.74

16.11

54.45

46.32

19.46

EV/EBITx

33.24

31.53

33.18

32.09

31.65

31.92

33.97

35.42

35.03

35.64

37.89

35.03

33.21

3.79

FCF yield (avg)%

5.54

4.44

5.62

6.67

9.26

9.85

7.37

8.27

6.54

8.50

13.15

8.27

7.02

22.94

FCF margin%

18.50

15.77

15.80

18.02

17.23

14.47

12.99

12.94

14.30

16.54

5.14

14.30

15.79

1.191

FCF / Net incomex

1.480

1.567

1.699

1.662

1.500

1.630

1.636

1.586

1.623

1.429

1.542

1.623

1.605

17.56

ROIC%

39.01

36.57

38.48

35.52

32.81

30.78

29.29

26.55

27.00

27.87

12.00

27.87

31.80

29.01

Return on equity%

14.97

13.83

14.28

11.62

14.55

15.12

14.20

11.47

10.74

7.79

25.51

11.47

14.01

3.04

Return on assets%

11.98

14.56

12.94

11.13

9.00

6.30

3.88

1.34

3.19

0.58

14.32

3.19

7.65

12.87

EPS$

14.81

16.72

17.34

16.93

17.83

20.40

20.10

21.86

23.26

25.70

13.37

7.59%

6.57%

—

16.52

EPS growth%

24.90

27.01

28.03

27.90

25.26

24.92

27.56

29.54

27.82

27.16

29.47

27.56

27.36

6.97

Bookvalue per sh$

23.71

25.79

24.62

24.77

27.43

29.88

29.12

28.64

29.72

29.53

17.16

1.49%

3.43%

—

8.98

FCF per share$

12.12

13.65

14.93

14.19

15.83

16.77

15.98

17.27

19.31

16.74

6.35%

4.73%

—

20.69

Dividend per sh$

18.23

20.64

18.89

20.69

21.19

23.77

26.12

27.44

26.85

30.68

19.93

7.69%

4.53%

—

8.33

Div yield (avg)%

26.39

25.20

22.75

21.90

21.15

18.38

16.77

15.16

15.33

15.57

6.70

15.57

19.76

9.92

Payout ratio%

10.87

11.60

13.87

13.93

11.52

9.60

8.48

6.42

5.51

5.63

5.81

6.42

10.24

3.158

Shares (diluted)B

3.051

3.492

3.292

3.150

3.422

3.283

3.364

3.507

4.009

4.037

3.134

3.36%

2.09%

3.43

Buyback yield%

19.07

21.45

22.98

23.70

20.84

18.16

15.84

17.16

17.65

19.44

28.74

17.65

19.25

0.691

D/E ratiox

1.352

1.562

1.587

1.527

1.476

1.556

1.644

1.740

1.851

1.789

0.413

1.740

1.575

106.6

Enterprise value$B

232.8

227.0

219.8

222.5

217.2

242.9

271.1

273.1

315.9

312.9

119.1

7.58%

4.45%

82.48

LT debt$B

10.97

12.01

13.82

14.26

15.51

15.77

15.96

16.45

16.37

19.06

31.98

4.20%

5.82%

Peers (US$40.10B)

Cap (US$)

Coca-Cola FEMSA…

24.06B

18.36x

Arca Continental…

21.40B

21.56x

Becle, S.A.B. de C.V.

2.700B

13.27x

Ambev S.A.

43.51B

15.36x

Capital

TTM

10Y

Leveragex

0.177

(0.053)

(0.038)

EBIT/Intx

0.953

0.812

0.600

Own earn%

97.59

(2.58)

(4.68)

Sh yield%

11.77

32.99

39.27

Owners

Insiders/Inst%

8.27

79.95

Short interest%

3.42

SBC / revenue%

4.11

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

10–13

$1 testx

—

Incr. ROIC%

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.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$191.9B

5.60%

1.00×

Cost of revenue

$121.1B

5.56%

1.00×

Operating expenses

$26.38B

6.83%

1.12×