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Fomento Económico Mexicano S.A.B. de C.V (FEMSAUBD) Fair Value & Analysis

Consumer Defensive · MX · Market cap 957B MXN (≈ $56.7B) · ISIN MXP320321310

What is Fomento Económico Mexicano S.A.B. de C.V really worth?

FE Fomento Económico Mexicano S.A.B. de C.V FEMSAUBD · MX
Price204.35 MXN
Fair Value201.74 MXN
Upside−1.3%
Quality66/100

A solid business, currently priced close to our fair value of 201.74 MXN.

Watch Fomento Económico Mexicano S.A.B. de C.V for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Healthy Growth (revenue 5y +11.3 %/yr)
Moderate debt · generates free cash flow
Ranks above peers (10/15)

Risks

!Thin margins · 3.3% net margin
!Moderate moat 47/100
Evidence: High Range 151.30 MXN – 252.17 MXN

Fair value as of: Aug 28, 2026

From 26 valuation models · updated 8 days ago

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

230.25 MXN 108.50 MXN Fair Value 201.74 MXN May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range 108.50 MXN – 230.25 MXN · fair‑value band 151.30 MXN – 252.17 MXN · the 204.35 MXN price screens above the 201.74 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

Fomento Económico Mexicano S.A.B. de C.V (FEMSAUBD) currently trades at 204.35 MXN, while our model-based Fair Value estimate is 201.74 MXN, implying the stock looks roughly 1.3% fairly valued today. The Quality Score stands at 66/100 (solid quality), in the Consumer Defensive sector. Bull case: the Dividend Discount group reads highest at a median of 424.60 MXN per share, and 18 of the 26 models we run sit above the 204.35 MXN price. Bear case: the Asset-Based group reads lowest at 81.15 MXN, and 8 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Fomento Económico Mexicano S.A.B. de C.V generated revenue of 853B MXN at a net margin of 3.3%. Revenue grew 6.1% year over year. It earns a return on equity of 12.4%. Net debt stands at 39.7B MXN. Fundamentals as of Aug 28, 2026

Our scenario range runs from 151.30 MXN (bear case) to 252.17 MXN (bull case); at 204.35 MXN, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 6% below its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 15% fair-value upside, at −1%, FEMSAUBD screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 9.66 MXN per share, which is 4.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF 186.26 MXN 354.45 MXN 660.92 MXN 76
Residual Income 103.26 MXN 111.44 MXN 130.78 MXN 76
Growth DCF 185.44 MXN 342.52 MXN 626.09 MXN 75
All 26 models by family
DCF Models
FCF DCF 186.26 MXN 354.45 MXN 660.92 MXN 76
Owner Earnings 135.65 MXN 260.32 MXN 487.51 MXN 73
5Y Revenue Exit 273.74 MXN 522.00 MXN 864.75 MXN 70
5Y EBITDA Exit 410.16 MXN 803.37 MXN 1,304 MXN 73
5Y P/E Exit 147.73 MXN 262.12 MXN 392.02 MXN 69
10Y Revenue Exit 232.68 MXN 463.35 MXN 826.92 MXN 64
10Y EBITDA Exit 336.85 MXN 674.34 MXN 1,204 MXN 65
10Y P/E Exit 158.84 MXN 268.47 MXN 421.83 MXN 62
Earnings-Based
Graham-Dodd 65.32 MXN 303.21 MXN 416.50 MXN 64
Lynch FV 79.96 MXN 114.22 MXN 148.49 MXN 61
PEG = 1.0 79.96 MXN 114.22 MXN 148.49 MXN 57
EPV 280.36 MXN 331.49 MXN 376.94 MXN 74
Dividend Discount
Gordon GGM 237.42 MXN 518.34 MXN 872.12 MXN 65
DDM Multi-Stage 237.42 MXN 424.60 MXN 540.19 MXN 66
Multiples
P/E Multiple 151.30 MXN 201.74 MXN 252.17 MXN 63
P/S Multiple 122.48 MXN 163.31 MXN 204.14 MXN 58
P/B Multiple 122.48 MXN 163.31 MXN 204.14 MXN 55
EV/EBIT 445.43 MXN 597.04 MXN 748.65 MXN 66
EV/EBITDA 551.17 MXN 738.03 MXN 924.89 MXN 67
EV/Revenue 315.23 MXN 454.35 MXN 593.48 MXN 53
Asset-Based
NCAV (Graham) 60.56 MXN 81.15 MXN 121.12 MXN 54
Growth DCF
Growth DCF 185.44 MXN 342.52 MXN 626.09 MXN 75
Rev-Margin DCF 273.74 MXN 512.54 MXN 820.59 MXN 71
Economic Profit
Residual Income 103.26 MXN 111.44 MXN 130.78 MXN 76
ROIC Compounder 323.00 MXN 444.67 MXN 605.29 MXN 71
Growth Earnings
Growth-Adj P/E 127.49 MXN 182.12 MXN 236.76 MXN 67

Widest divergence: Dividend Discount (424.60 MXN) versus Asset-Based (81.15 MXN). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 16.3 as of Jun 10, 2026
P/S ratio 0.38 P/E × margin
EPS (TTM) 13.07 MXN price ÷ EPS = P/E 16.3
Dividend yield 5.7% payout 88.8%
Net margin 2.3% FY2025
Return on equity 12.4% TTM
More key figures
Profitability
Return on assets (EBIT) 6.5% avg 5y
Operating margin 12.6% TTM
Growth
Revenue (TTM) 853B MXN TTM
Revenue growth (YoY) +6.1% 3y avg +7.7%
EPS growth (YoY) +168%
Balance sheet & cash flow
Free cash flow 29.0B MXN FY2025
Net debt 39.7B MXN FY2025 · ≈ 1.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 62 · Market factors (momentum, volatility) 69

Profitability 49
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fomento Económico Mexicano S.A.B. de C.V reported revenue of 841B MXN in FY2025 versus 556B MXN in FY2021, a compound +10.9%/yr. Reported net income was 19.4B MXN in FY2025, compounding −9.1%/yr from FY2021.

Growth Quality 84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
841B MXN
Latest YoY
+7.6%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.3%
Avg. revenue growth/yr (30Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.0%
Value creation/yr (5Y, in MXN) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in MXN: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+43.1% (37.4 + 5.7)
Revenue +10.9%/yr
FY21 556B MXN
FY22 673B MXN
FY23 703B MXN
FY24 782B MXN
FY25 841B MXN
Net income −9.1%/yr
FY21 28.5B MXN
FY22 24.8B MXN
FY23 65.7B MXN
FY24 26.7B MXN
FY25 19.4B MXN
Character of growth · EPS growth decomposed (2011-2022) +1.6 % p.a.
Revenue per share +11.0 %

of which total revenue +10.5 % · buybacks/dilution +0.5 %

EBIT margin −11.8 %
Tax rate −2.0 %
Residual (interest, one-offs) +5.9 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Fomento Económico Mexicano S.A.B. de C.V Fair Value". https://www.fairvalue-calculator.com/stock/FEMSAUBD

Peer Group

Beverages - Brewers · 56 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 66 · Above median
Fair Value upside −1% · Above median
Return on equity (TTM) 12% · Above median
Return on assets 6% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 13% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 5.7% · Top 25%
Debt / equity 0.52× · Higher than 75% of peers

Valuation Multiples vs Beverages - Brewers median · lower = cheaper

P/E (TTM) 16.3× · Cheaper than median
P/B 3.91× · Pricier than 75% of peers
P/S (TTM) 1.12× · Cheaper than median
P/FCF 2.0× · Cheaper than median
EV/EBITDA 9.3× · Pricier than median
PEG 2.28× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE32 · sector 28
FUTURE31 · sector 0
PAST50 · sector 36
HEALTH74 · sector 97
DIVIDEND100 · sector 63

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

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10 more Beverages - Brewers stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

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Frequently asked questions

Is Fomento Económico Mexicano S.A.B. de C.V (FEMSAUBD) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of 201.74 MXN versus a price of 204.35 MXN, about −1% upside (fairly valued).
What is the fair value of FEMSAUBD?
Our model-based fair value for Fomento Económico Mexicano S.A.B. de C.V is 201.74 MXN (as of Aug 28, 2026), built from audited fundamentals. The current price: 204.35 MXN.
What is the quality score of FEMSAUBD?
Fomento Económico Mexicano S.A.B. de C.V has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Fomento Económico Mexicano S.A.B. de C.V (FEMSAUBD)?
Fomento Económico Mexicano S.A.B. de C.V reported trailing-twelve-month revenue of about 853B MXN (latest available figure, as of Aug 28, 2026).
What is the net profit margin of FEMSAUBD?
The net profit margin of Fomento Económico Mexicano S.A.B. de C.V is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.
Does Fomento Económico Mexicano S.A.B. de C.V pay a dividend?
Fomento Económico Mexicano S.A.B. de C.V currently shows a dividend yield of about 5.68% relative to its recent price (as of Aug 28, 2026).
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