# Fomento Economico Mexicano (FMX.US)

Canonical: https://gigainvestors.com/s/FMX

Analysis as of: 2026-10-16T07:28:35.566Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $120.99 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Matthew McLennan](https://gigainvestors.com/FE): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Nygren](https://gigainvestors.com/HA): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Up 7% since Oct 2023

Story as of 2026-10-16T10:01:25.940Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in beverages brewers; annual sales are USD 46.6 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1061736/000162828026027231/fmx-20251231.htm (filed 2026-04-24); FY2025: revenue 46647718000; grossProfit 18947221000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); FMX.US: 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.

### Where the cash goes

Paid dividends in 1 of 1 year; bought back USD 685.8 million of shares.

- Source: https://www.sec.gov/Archives/edgar/data/1061736/000162828026027231/fmx-20251231.htm (filed 2026-04-24); FY2025: growth capex 0; upkeep 2332347090; owner earnings 1113684844. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-24); Dividend observations: [[2025,2769339750]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1061736/000162828026027231/fmx-20251231.htm (filed 2026-04-24); FY2025: cash repurchases 685831080 USD.

### Are managers owners

Insiders own <0.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); FMX.US SharesStats.PercentInsiders = 0.001 percentage points; cache date 2026-10-16.

### What the price says

The price is 0.9 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-24); Closing price 120.99 USD; reporting-to-trading FX 1; FY2025 annual sales per share 139.22489277815748; price multiple 0.8690256288635598. FY2025 cash earnings/share 3.323906498374884. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $95.67 per share

- 2016-11: $78.05 per share

- 2016-12: $76.21 per share

- 2017-01: $75.23 per share

- 2017-02: $80.54 per share

- 2017-03: $88.52 per share

- 2017-04: $90.04 per share

- 2017-05: $94.34 per share

- 2017-06: $98.34 per share

- 2017-07: $100.88 per share

- 2017-08: $100.06 per share

- 2017-09: $95.53 per share

- 2017-10: $87.75 per share

- 2017-11: $89.97 per share

- 2017-12: $93.90 per share

- 2018-01: $97.54 per share

- 2018-02: $92.30 per share

- 2018-03: $91.43 per share

- 2018-04: $96.66 per share

- 2018-05: $83.32 per share

- 2018-06: $87.79 per share

- 2018-07: $98.14 per share

- 2018-08: $95.88 per share

- 2018-09: $98.97 per share

- 2018-10: $85.07 per share

- 2018-11: $86.75 per share

- 2018-12: $86.05 per share

- 2019-01: $91.02 per share

- 2019-02: $90.63 per share

- 2019-03: $92.28 per share

- 2019-04: $97.59 per share

- 2019-05: $93.06 per share

- 2019-06: $96.75 per share

- 2019-07: $90.70 per share

- 2019-08: $91.36 per share

- 2019-09: $91.58 per share

- 2019-10: $89.02 per share

- 2019-11: $90.93 per share

- 2019-12: $94.51 per share

- 2020-01: $90.17 per share

- 2020-02: $81.39 per share

- 2020-03: $60.51 per share

- 2020-04: $64.33 per share

- 2020-05: $67.71 per share

- 2020-06: $62.01 per share

- 2020-07: $61.51 per share

- 2020-08: $58.33 per share

- 2020-09: $56.19 per share

- 2020-10: $53.77 per share

- 2020-11: $72.15 per share

- 2020-12: $75.77 per share

- 2021-01: $68.05 per share

- 2021-02: $68.50 per share

- 2021-03: $75.33 per share

- 2021-04: $77.50 per share

- 2021-05: $82.00 per share

- 2021-06: $84.51 per share

- 2021-07: $87.37 per share

- 2021-08: $86.71 per share

- 2021-09: $86.72 per share

- 2021-10: $82.19 per share

- 2021-11: $70.74 per share

- 2021-12: $77.71 per share

- 2022-01: $75.22 per share

- 2022-02: $80.40 per share

- 2022-03: $82.85 per share

- 2022-04: $74.74 per share

- 2022-05: $74.84 per share

- 2022-06: $67.49 per share

- 2022-07: $61.98 per share

- 2022-08: $62.71 per share

- 2022-09: $62.75 per share

- 2022-10: $71.62 per share

- 2022-11: $79.87 per share

- 2022-12: $78.12 per share

- 2023-01: $87.80 per share

- 2023-02: $91.92 per share

- 2023-03: $95.19 per share

- 2023-04: $97.02 per share

- 2023-05: $100.61 per share

- 2023-06: $110.84 per share

- 2023-07: $113.25 per share

- 2023-08: $112.52 per share

- 2023-09: $109.15 per share

- 2023-10: $113.41 per share

- 2023-11: $126.89 per share

- 2023-12: $130.35 per share

- 2024-01: $135.54 per share

- 2024-02: $124.24 per share

- 2024-03: $130.27 per share

- 2024-04: $117.66 per share

- 2024-05: $114.62 per share

- 2024-06: $107.65 per share

- 2024-07: $110.25 per share

- 2024-08: $102.78 per share

- 2024-09: $98.71 per share

- 2024-10: $96.89 per share

- 2024-11: $89.39 per share

- 2024-12: $85.49 per share

- 2025-01: $85.32 per share

- 2025-02: $94.08 per share

- 2025-03: $97.58 per share

- 2025-04: $105.31 per share

- 2025-05: $106.53 per share

- 2025-06: $102.98 per share

- 2025-07: $90.46 per share

- 2025-08: $86.64 per share

- 2025-09: $98.63 per share

- 2025-10: $94.36 per share

- 2025-11: $95.94 per share

- 2025-12: $101.07 per share

- 2026-01: $104.36 per share

- 2026-02: $112.32 per share

- 2026-03: $111.06 per share

- 2026-04: $118.24 per share

- 2026-05: $119.03 per share

- 2026-06: $127.90 per share

- 2026-07: $127.99 per share

- 2026-08: $120.41 per share

- 2026-09: $118.56 per share

- 2026-10: $121.18 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 20-F filing](https://www.sec.gov/Archives/edgar/data/1061736/000162828026027231/fmx-20251231.htm); period 2025-12-31, filed 2026-04-24.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.