Fomento Economico Mexicano S.A.B. de C.V. - ADR

Fomento Economico Mexicano S.A.B. de C.V. - ADR

FMX

Market Cap$18.07B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Fomento Economico Mexicano S.A.B. de C.V. - ADRFomento Economico Mexicano S.A.B. de C.V. - ADR33.46.6%6%0.40.8

Earnings Call Q3 2024

October 28, 2024 - AI Summary

**Overall Financial Performance**: FEMSA reported a consolidated revenue growth of 8.3% in Q3 2024, with operating income rising 14.6% compared to the same quarter last year. However, net consolidated income decreased by 27.5% to MXN 9.2 billion, impacted by higher interest expenses, lower foreign exchange gains, and losses from discontinued operations.
**Proximity and Health Division Challenges**: The Proximity Americas segment experienced flat same-store sales due to a 5.7% decline in average traffic, primarily driven by adverse weather conditions and increased competition. These challenges compounded the high double-digit growth comparator from Q3 2023, leading to subdued overall sales performance in the short term.
**Promising Outlook for Recovery**: Despite recent challenges, management remains optimistic about improving conditions moving into Q4 2024, with expectations of a better economic environment and easier comparisons in same-store sales. Continued efforts in revenue management initiatives have already resulted in a 6.1% increase in average ticket, providing a potential buffer against declining traffic.

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$138.00

Target Price by Analysts

53.9% upsideFomento Economico Mexicano S.A.B. de C.V. Target Price DetailsTarget Price
$19.00

Current Fair Value

78.8% downside

Overvalued by 78.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$18.07 Billion
Enterprise Value$116.20 Billion
Dividend Yield$2.9406 (6.596633520359981%)
Earnings per Share$9.35
Beta0.39
Outstanding Shares3,513,349,648

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio33.36
PEG-40.14
Price to Sales0.43
Price to Book Ratio0.84
Enterprise Value to Revenue0.16
Enterprise Value to EBIT1.81
Enterprise Value to Net Income6
Total Debt to Enterprise2.19
Debt to Equity0.84

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Fomento Economico Mexicano S.A.B. de C.V.

CEO: Miguel Eduardo Padilla Silva