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

Consumer Defensive US FMXUF

13.8USD
1.30(10.40%)

Last update at 2024-05-02T13:41:00Z

Day Range

13.8013.80
LowHigh

52 Week Range

8.6513.00
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 41872.00M 41276.00M 18936.00M 32296.00M 33631.00M
Minority interest -10834.00000M -9183.00000M -5686.00000M -7349.00000M -9089.00000M
Net income 24757.00M 28495.00M -1930.00000M 20699.00M 23991.00M
Selling general administrative 191826.00M 161298.00M 146393.00M 141818.00M 132035.00M
Selling and marketing expenses - - - - -
Gross profit 251668.00M 213713.00M 189653.00M 191481.00M 175170.00M
Reconciled depreciation 30527.00M 27987.00M 28049.00M 25810.00M 17237.00M
Ebit - - 36452.00M 71614.00M 60272.00M
Ebitda 58186.00M 58214.00M 36452.00M 71614.00M 60272.00M
Depreciation and amortization - - - - -
Non operating income net other - - - 0.00000M 0.00000M
Operating income 59416.00M 51993.00M 41503.00M 49684.00M 43148.00M
Other operating expenses - - - 0.00000M 0.00000M
Interest expense 16314.00M 16938.00M 17516.00M 11208.00M 6755.00M
Tax provision 13547.00M 14278.00M 14819.00M 10476.00M 10169.00M
Interest income 3842.00M 1464.00M 2100.00M 3168.00M 2832.00M
Net interest income -12651.00000M -14698.00000M -15296.00000M -10965.00000M -6992.00000M
Extraordinary items - - - 0.00000M 0.00000M
Non recurring - - - 0.00000M 0.00000M
Other items - - - 0.00000M 0.00000M
Income tax expense - - - 0.00000M 0.00000M
Total revenue 673202.00M 556261.00M 492966.00M 506711.00M 469744.00M
Total operating expenses 613786.00M 504268.00M 451463.00M 457027.00M 426596.00M
Cost of revenue 421534.00M 342548.00M 303313.00M 315230.00M 294574.00M
Total other income expense net -4893.00000M 3981.00M -7271.00000M -6423.00000M -2525.00000M
Discontinued operations - - - 0.00000M 0.00000M
Net income from continuing ops 35591.00M 37678.00M 3756.00M 28048.00M 29714.00M
Net income applicable to common shares - - - 0.00000M 0.00000M
Preferred stock and other adjustments - - - 0.00000M 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 798621.00M 737500.00M 684638.00M 637541.00M 576381.00M
Intangible assets 105068.00M 100787.00M 102681.00M 98656.00M 105080.00M
Earning assets - - - - -
Other current assets 35208.00M 24102.00M 20700.00M 1422.00M 390.00M
Total liab 459965.00M 402683.00M 377451.00M 311790.00M 240839.00M
Total stockholder equity 338656.00M 334817.00M 307187.00M 251989.00M 257053.00M
Deferred long term liab - - - 0.00000M 0.00000M
Other current liab 143363.00M 122809.00M 100666.00M 12146.00M 404.00M
Common stock - - - 0.00000M 0.00000M
Capital stock 3347.00M 3348.00M 3348.00M 3348.00M 3348.00M
Retained earnings 251192.00M 238306.00M 217430.00M 229794.00M 217802.00M
Other liab - - - 0.00000M 0.00000M
Good will 85704.00M 57351.00M 52820.00M 47906.00M 40530.00M
Other assets - - - 0.00000M 0.00000M
Cash 83439.00M 97407.00M 107233.00M 65562.00M 62047.00M
Cash and equivalents - - - - -
Total current liabilities 173866.00M 136723.00M 118308.00M 136534.00M 101464.00M
Current deferred revenue - - - - -
Net debt 103883.00M 87090.00M 76274.00M 52389.00M 66617.00M
Short term debt - - - 0.00000M 0.00000M
Short long term debt 16333.00M 4640.00M 8801.00M 16204.00M 13674.00M
Short long term debt total - - - 0.00000M 0.00000M
Other stockholder equity - - - 0.00000M 0.00000M
Property plant equipment - - - 0.00000M 0.00000M
Total current assets 226463.00M 230718.00M 201033.00M 172579.00M 177607.00M
Long term investments 103669.00M 107299.00M 98270.00M 110952.00M 106226.00M
Net tangible assets - - - 0.00000M 0.00000M
Short term investments 51.00M 24415.00M 662.00M 12366.00M 30924.00M
Net receivables 45541.00M 33898.00M 28249.00M 28504.00M 25442.00M
Long term debt 170989.00M 179857.00M 174706.00M 101747.00M 114990.00M
Inventory 62224.00M 50896.00M 44189.00M 41023.00M 35686.00M
Accounts payable 78400.00M 93352.00M 75168.00M 76676.00M 65669.00M
Total permanent equity - - - 0.00000M 0.00000M
Noncontrolling interest in consolidated entity - - - 0.00000M 0.00000M
Temporary equity redeemable noncontrolling interests - - - 0.00000M 0.00000M
Accumulated other comprehensive income - - - 0.00000M 0.00000M
Additional paid in capital - - - 0.00000M 0.00000M
Common stock total equity - - - 0.00000M 0.00000M
Preferred stock total equity - - - 0.00000M 0.00000M
Retained earnings total equity - - - 0.00000M 0.00000M
Treasury stock - - - 0.00000M 0.00000M
Accumulated amortization - - - 0.00000M 0.00000M
Non currrent assets other 60168.00M 69204.00M 61981.00M 5244.00M 4854.00M
Deferred long term asset charges - - - 0.00000M 0.00000M
Non current assets total 572158.00M 506782.00M 483605.00M 464962.00M 398774.00M
Capital lease obligations 93317.00M 62354.00M 58308.00M 54679.00M 52916.00M
Long term debt total - - - 0.00000M 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -46432.00000M -46175.00000M -31367.00000M -14132.00000M -57662.00000M
Change to liabilities - - - 0.00000M 0.00000M
Total cashflows from investing activities - - - 0.00000M 0.00000M
Net borrowings - - - 0.00000M 0.00000M
Total cash from financing activities -35898.00000M -36989.00000M 19575.00M -38433.00000M -23011.00000M
Change to operating activities - - - 0.00000M 0.00000M
Net income 24757.00M 28495.00M -1930.00000M 20699.00M 23991.00M
Change in cash -9754.00000M -10074.00000M 41381.00M 9073.00M -33258.00000M
Begin period cash flow 97407.00M 107624.00M 65562.00M 62047.00M 96944.00M
End period cash flow 83439.00M 97407.00M 107624.00M 65562.00M 62047.00M
Total cash from operating activities 72576.00M 73090.00M 53173.00M 61638.00M 47414.00M
Issuance of capital stock - - - - -
Depreciation 30527.00M 27987.00M 28049.00M 25810.00M 17237.00M
Other cashflows from investing activities - - - 0.00000M 0.00000M
Dividends paid -17506.00000M -13399.00000M -15868.00000M 13629.00M 12933.00M
Change to inventory -7726.00000M -7835.00000M -247.00000M -5635.00000M -3809.00000M
Change to account receivables -7777.00000M -6050.00000M 2551.00M -2818.00000M -2426.00000M
Sale purchase of stock - - - 0.00000M 0.00000M
Other cashflows from financing activities - - - 0.00000M 0.00000M
Change to netincome - - - 0.00000M 0.00000M
Capital expenditures 32440.00M 20299.00M 20142.00M 25123.00M 23377.00M
Change receivables - - - 0.00000M 0.00000M
Cash flows other operating - - - 0.00000M 0.00000M
Exchange rate changes - - - 0.00000M 0.00000M
Cash and cash equivalents changes - - - 0.00000M 0.00000M
Change in working capital -201.00000M 5969.00M 2528.00M 1263.00M -1177.00000M
Stock based compensation - - - - -
Other non cash items 14290.00M 12081.00M 12507.00M 9426.00M 8948.00M
Free cash flow 40136.00M 52791.00M 33031.00M 36515.00M 24037.00M

Fundamentals

  • Previous Close 12.50
  • Market Cap222386.39M
  • Volume237
  • P/E Ratio31.07
  • Dividend Yield1.63%
  • EBITDA84644.02M
  • Revenue TTM760872.30M
  • Revenue Per Share TTM212.64
  • Gross Profit TTM 170268.00M
  • Diluted EPS TTM0.40

Peer Comparison

Sector: Consumer Defensive Industry: Beverages - Brewers

Company 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)
FMXUF
Fomento Económico Mexicano S.A.B. de C.V
1.30 10.40% 13.80 31.07 17.24 0.29 4.65 0.05 0.55
FMX
Fomento Economico Mexicano
0.03 0.03% 118.12 33.33 7.27 0.31 13.50 0.31 3.12
BUD
Anheuser Busch Inbev NV ADR
0.57 0.96% 60.04 21.01 17.83 2.11 1.61 3.37 14.17
BUDFF
Anheuser-Busch InBev SA/NV
0.89 1.51% 59.86 20.91 18.02 2.08 1.63 3.37 14.17
HEINY
Heineken NV
-0.17 0.35% 48.60 20.63 16.18 1.95 2.70 2.56 12.47

Reports Covered

Stock Research & News

Profile

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 S.A.B. de C.V

General Anaya Nº 601 Pte., Monterrey, NL, Mexico, 64410

Key Executives

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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