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On Friday 06/21/2024 the closing price of the Fomento Economico Mexicano S.A. de C.V. (ADRS) share was $106.77 on BTT.Compared to the opening price on Friday 06/21/2024 on BTT of $109.41, this is a drop of 2.47%.
Fomento Economico Mexicano Stock Snapshot
106.62
Bid
100.00
Bid Size
106.99
Ask
100.00
Ask Size
6/21/2024
Date
3:59 PM
Time
43,982.00
Volume
107.92
Prev. Close
109.41
Open
214.84 M
Number of Shares
106.54
Day Low
109.41
Day High
106.77
99.25
52 Week Low
143.42
52 Week High
106.77
10.35
EPS in MXN
83.03
Book Value per Share in MXN
9.47
Cash Flow per Share in MXN
Fomento Economico Mexicano NewsMore News
GlobeNewswire
FEMSA completes Accelerated Share Repurchase Agreement, and announces new Agreement
InvestorPlace
The 3 Best Closed-End Funds to Buy in May at a Discount
TipRanks
Fomento Economico Mexicano (FMX) Receives a Buy from Barclays
InvestorPlace
FMX Stock Earnings: Fomento Economico Beats EPS, Misses Revenue for Q1 2024
Historical Prices for Fomento Economico Mexicano
| Date | Open | Close | Daily High | Daily Low |
|---|
Price change over selected period:0%0
Fomento Economico Mexicano Analyst Data
Total Analysts: 13
Buy Ratings: 6 Neutral Ratings: 4 Sell Ratings: 3
Analyst: {{ANALYST_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}
Price *Price Target
Lowest: 77.00 Median: 110.78 Highest: 135.00
*The average price target includes all analyst analysis, not just the most recent analysis presented in the chart.
Fomento Economico Mexicano Analyst Opinions
- All
- Buy
- Hold
- Sell
| Date | Analyst | Rating | Price | |||
|---|---|---|---|---|---|---|
| 02/09/24 | HSBC | Upgraded to Buy | gut | |||
| 01/12/24 | UBS | Downgraded to Hold | neutral | |||
| 12/07/23 | Citigroup Corp. | Maintained Hold | $134 | neutral | ||
| 11/07/23 | Itau BBA | Downgraded to Hold | $127 | neutral | ||
| 10/30/23 | Barclays Capital | Upgraded to Buy | $130 | gut | ||
| 08/25/23 | HSBC | Maintained Sell | $124 | schlecht | ||
| 08/17/23 | Citigroup Corp. | Maintained Buy | $135 | gut | ||
| 06/07/23 | HSBC | Upgraded to Sell | $112 | schlecht | ||
| 05/03/23 | Barclays Capital | Maintained Hold | $105 | neutral | ||
| 04/18/23 | Barclays Capital | Maintained Hold | $103 | neutral | ||
| 03/27/23 | Morgan Stanley | Maintained Buy | $110 | gut | ||
| 02/17/23 | HSBC | Maintained Sell | $77 | schlecht | ||
| 11/16/22 | Goldman Sachs | Maintained Buy | $109.199996948242 | gut | ||
| 11/16/22 | Barclays Capital | Maintained Buy | $85 | gut | ||
| 08/04/22 | Goldman Sachs | Maintained Buy | $89 | gut |
Fomento Economico Mexicano Estimates* in EUR
| 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|
| Revenue | - | - | 915,820 | 1,033,810 | 1,135,492 |
| Dividend | - | - | 87.96 | 85.80 | 97.50 |
| Dividend Yield (in %) | 2.95 % | 4.19 % | - | - | - |
| EPS | - | - | 112.07 | 114.40 | 129.90 |
| P/E Ratio | 19.43 | 17.89 | - | - | - |
| EBIT | - | - | 84,232 | 98,850 | 110,148 |
| EBITDA | - | - | 132,252 | 151,729 | 167,181 |
| Net Profit | - | - | 42,091 | 47,739 | 53,791 |
| Net Profit Adjusted | - | - | 43,576 | 47,739 | 53,791 |
| Pre-Tax Profit | - | - | 73,664 | - | - |
| Net Profit (Adjusted) | - | - | 97,278 | - | - |
| EPS (Non-GAAP) ex. SOE | - | - | - | - | - |
| EPS (GAAP) | - | - | 78.17 | - | - |
| Gross Income | - | - | 385,162 | 427,468 | 474,243 |
| Cash Flow from Investing | - | - | - | - | - |
| Cash Flow from Operations | - | - | - | - | - |
| Cash Flow from Financing | - | - | - | - | - |
| Cash Flow per Share | - | - | 129.00 | - | - |
| Free Cash Flow | - | - | 46,957 | 46,805 | 55,228 |
| Free Cash Flow per Share | - | - | - | - | - |
| Book Value per Share | - | - | 834.47 | - | - |
| Net Debt | - | - | -6,683 | 25,766 | 30,744 |
| Research & Development Exp. | - | - | - | - | - |
| Capital Expenditure | - | - | 38,243 | 50,448 | 51,563 |
| Selling, General & Admin. Exp. | - | - | 296,295 | 328,715 | 363,923 |
| Shareholder’s Equity | - | - | 368,143 | 343,299 | 353,377 |
| Total Assets | - | - | 840,096 | 917,081 | 940,965 |
Income Statements in Mio. MXN
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Sales | 39,608.89 | 33,453.94 | 27,415.72 | 22,927.09 | 26,318.71 | 24,418.64 | 24,354.85 |
| Change of sales in % | 18.40 | 22.02 | 19.58 | -12.89 | 7.78 | 0.26 | 13.96 |
| Gross profit on sales | 15,638.62 | 12,382.64 | 10,412.74 | 8,719.22 | 9,867.93 | 9,027.14 | 8,946.36 |
| Gross profit on sales change in % | 26.29 | 18.92 | 19.42 | -11.64 | 9.31 | 0.90 | 13.26 |
| Operating income | 3,239.43 | 2,959.61 | 2,569.51 | 1,991.26 | 2,518.79 | 2,236.98 | 2,237.37 |
| Operating income change in % | 9.45 | 15.18 | 29.04 | -20.94 | 12.60 | -0.02 | 10.30 |
| Income before tax | 3,258.94 | 2,071.24 | 2,030.13 | 898.12 | 1,677.46 | 1,748.18 | 2,108.63 |
| Income before tax change in % | 57.34 | 2.02 | 126.04 | -46.46 | -4.05 | -17.09 | 38.03 |
| Income after tax | 3,702.72 | 1,188.13 | 1,404.40 | -89.76 | 1,075.11 | 1,196.18 | 2,243.08 |
| Income after tax change in % | 211.64 | -15.40 | - | - | -10.12 | -46.67 | 98.35 |
Balance Sheet in Mio. MXN
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Total liabilities | 25,243.56 | 23,657.21 | 19,662.01 | 18,953.65 | 16,510.80 | 12,229.21 | 12,860.85 |
| Long-term liabilities per share | - | - | - | - | 42.94 | 32.75 | 34.67 |
| Equity | 22,343.09 | 17,334.46 | 16,375.13 | 15,416.78 | 17,250.11 | 17,037.99 | 17,219.70 |
| Equity change in % | 33.15 | 5.02 | 7.54 | -10.58 | 2.23 | 2.03 | 24.37 |
| Balance sheet total | 47,586.64 | 40,991.67 | 36,037.14 | 34,370.43 | 33,760.91 | 29,267.20 | 30,080.55 |
| Balance sheet total change in % | 16.09 | 13.75 | 4.85 | 1.81 | 15.35 | -2.70 | 13.58 |
Key Data in MXN
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Sales per share | 110.69 | 93.49 | 76.62 | 64.07 | 73.55 | 68.24 | 68.05 |
| P/E ratio (year end quote, basic EPS) | 12.60 | 23.53 | 19.80 | - | 31.46 | 25.74 | 14.97 |
| P/E ratio (ear end quote, diluted EPS) | 12.60 | 23.53 | 19.80 | - | 31.46 | 25.74 | 14.98 |
| P/E ratio (year end quote) | 12.60 | 23.53 | 19.80 | - | 31.46 | 25.74 | 14.97 |
| Dividend yield in % | - | 2.46 | 2.16 | 1.46 | 1.52 | 1.72 | 1.48 |
| Equity ratio in % | 37.71 | 32.87 | 35.61 | 34.71 | 39.53 | 44.60 | 42.53 |
| Debt ratio in % | 53.05 | 57.71 | 54.56 | 55.15 | 48.91 | 41.78 | 42.75 |
Fomento Economico Mexicano Dividend Calendar
| Date | Name | Dividend | *yield | Currency |
|---|---|---|---|---|
| 2023 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | - | - | MXN |
| 2022 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 1.92 | 2.46 | MXN |
| 2021 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 1.68 | 2.16 | MXN |
| 2020 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 1.11 | 1.46 | MXN |
| 2019 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 1.43 | 1.52 | MXN |
| 2018 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 1.48 | 1.72 | MXN |
| 2017 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 1.39 | 1.48 | MXN |
| 2016 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 1.35 | 1.77 | MXN |
| 2015 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 1.35 | 1.46 | MXN |
| 2014 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 1.37 | 1.56 | MXN |
| 2013 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 0.00 | 0.00 | MXN |
| 2012 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 1.58 | 1.57 | MXN |
| 2011 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 1.40 | 2.00 | MXN |
| 2010 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 1.10 | 1.96 | MXN |
| 2009 | Fomento Economico Mexicano S.A. de C.V. (ADRS) | 0.62 | 1.30 | MXN |
*Yield of the Respective Date
Fomento Economico Mexicano S.A. de C.V. (ADRS) Past Events
| Event | Actual EPS | Info | Date |
|---|---|---|---|
| Earnings Report | 0.482 MXN | Q1 2024 Earnings Release | 04/26/2024 |
| Annual General Meeting | - | Annual General Meeting | 03/22/2024 |
Fomento Economico Mexicano Profile
Fomento Economico Mexicano SAB de CV operates as a holding company, which engages in the production, distribution, and marketing of beverages. The firm also produces, markets, sells, and distributes Coca-Cola trademark beverages, including sparkling beverages. It operates through the following segments: Coca-Cola FEMSA; FEMSA-Comercio Proximity Division; FEMSA-Comercio Health Division; FEMSA-Comercio Fuel Division; Heineken Investment; and Other Business. The Coca-Cola FEMSA segment produces, markets, sells, and distributes Coca-Cola trademark beverages through standard bottler agreements in the territories where it operates. The FEMSA-Comercio Proximity Division segment operates a chain of small-format stores in Mexico. The FEMSA-Comercio Health Division segment involves drugstores and related operations. The FEMSA-Comercio Fuel Division segment deals with retail service stations for fuels, motor oils, and other car care products. The Heineken Investment segment invests in Heineken and distributes beer in a large number of countries.
Fomento Economico Mexicano Shareholder
| Owner | in % |
|---|---|
| First Eagle Investment Management LLC | 4.64 |
| First Eagle Investment Management LLC | 4.51 |
| Harding Loevner LP | 2.42 |
| First Eagle Global Fund | 2.29 |
| RBC Global Asset Management (UK) Ltd. | 2.19 |
| Baillie Gifford & Co. | 1.95 |
| Harding Loevner International Equity Portfolio | 1.45 |
| First Eagle Overseas Fund | 1.01 |
| JPMorgan Investment Management, Inc. | 0.99 |
| Allspring Global Investments LLC | 0.86 |
| Schroder Investment Management Ltd. (13F Subfiler) | 0.81 |
| abrdn Investments Ltd. | 0.79 |
| Citigroup Global Markets, Inc. (Broker) | 0.77 |
| RBC Emerging Markets Equity Fund | 0.69 |
| TIAA-CREF Investment Management LLC | 0.68 |
Shareholder percentage totals can add to more than 100% because some holders are included in the free float.
