Summary
96.80 -0.09(-0.09%)11/01/2024
Fomento Economico Mexicano S.A.B. de C.V. (FMX)
Fomento Economico Mexicano S.A.B. de C.V. (FMX)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -0.09 | 0.05 | -2.89 | -11.93 | -18.03 | -17.21 | 17.99 | 1,083.37 |
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| Trading Data | ||
| Close | 96.80 | |
| Open | 97.27 | |
| High | 97.52 | |
| Low | 96.33 | |
| Volume | 717,477 | |
| Change | -0.09 | |
| Change % | -0.09 | |
| Avg Volume (20 Days) | 601,678 | |
| Volume/Avg Volume (20 Days) Ratio | 1.19 | |
| 52 Week Range | 94.86 - 143.43 | |
| Price vs 52 Week High | -32.51% | |
| Price vs 52 Week Low | 2.05% | |
| Range | -0.48 | |
| Gap Up/Down | -0.15 | |
Fundamentals | ||
| Market Capitalization (Mln) | 21,682 | |
| EBIDTA | 73,141,739,520 | |
| PE Ratio | 25.4674 | |
| PEG Ratio | 0.3832 | |
| WallStreet Target Price | 139.56 | |
| Book Value | 77.4520 | |
| Earnings Per Share | 4.7500 | |
| EPS Estimate Current Quarter | 0.9900 | |
| EPS Estimate Next Quarter | 1.1700 | |
| EPS Estimate Current Year | 4.7200 | |
| EPS Estimate Next Year | 5.2200 | |
| Diluted EPS (TTM) | 4.7500 | |
| Revenues | ||
| Profit Marging | 0.0285 | |
| Operating Marging (TTM) | 0.0736 | |
| Return on asset (TTM) | 0.0432 | |
| Return on equity (TTM) | 0.1125 | |
| Revenue TTM | 720,789,045,248 | |
| Revenue per share TTM | 2,014.3800 | |
| Quarterly Revenue Growth (YOY) | 0.1130 | |
| Quarterly Earnings Growth (YOY) | -0.9390 | |
| Gross Profit (TTM) | 251,668,000,000 | |
| Dividends | ||
| Dividend Share | 4.3970 | |
| Dividend Yield | 0.0176 | |
| Valuations | ||
| Trailing PE | 25.4674 | |
| Forward PE | 6.9348 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 9.6481 | |
| Revenue Enterprise Value | 0.3176 | |
| EBITDA Enterprise Value | 3.0052 | |
| Shares | ||
| Shares Outstanding | 1,789,110,016 | |
| Shares Float | 2,738,345,000 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 0.00 | |
| Institutions (%) | 35.17 | |
10/29 14:05 EST - zacks.com
FEMSA Q3 Earnings Decline Y/Y, Sales Improve on Segmental Growth
FMX's Q3 results reflect revenue growth across all operating segments. Favorable currency effects from the depreciation of the Mexican Peso also aid the top line.
FEMSA Q3 Earnings Decline Y/Y, Sales Improve on Segmental Growth
FMX's Q3 results reflect revenue growth across all operating segments. Favorable currency effects from the depreciation of the Mexican Peso also aid the top line.
10/28 17:36 EST - globenewswire.com
FEMSA announces agreement with AMMI, affiliate of Milenio Capital, to divest FEMSA's plastics solutions operations
MONTERREY, Mexico, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with AMMI, a leading holding company focused in the production of non-GMO corn and sustainable plastic packaging, affiliate of Milenio Capital, to divest FEMSA's plastics solutions operations, for a total amount of $3,165 million pesos, on a cash-free, debt-free basis.
FEMSA announces agreement with AMMI, affiliate of Milenio Capital, to divest FEMSA's plastics solutions operations
MONTERREY, Mexico, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with AMMI, a leading holding company focused in the production of non-GMO corn and sustainable plastic packaging, affiliate of Milenio Capital, to divest FEMSA's plastics solutions operations, for a total amount of $3,165 million pesos, on a cash-free, debt-free basis.
10/28 15:25 EST - seekingalpha.com
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q3 2024 Earnings Call Transcript
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX ) Q3 2024 Earnings Conference Call October 28, 2024 10:30 AM ET Company Participants Juan Fonseca - Director, IR José Antonio Fernández Garza-Lagüera - CEO, Proximity & Health Martin Arias - CFO Conference Call Participants Ricardo Alves - Morgan Stanley Bob Ford - Bank of America Antonio Hernandez - Actinver Ben Theurer - Barclays Thiago Bortoluci - Goldman Sachs Alvaro Garcia - BTG Pactual Rodrigo Alcantara - UBS Carlos Laboy - HSBC Hector Maya - Scotiabank Ulises Argote - Santander Operator Hello, and welcome to FEMSA's Third Quarter 2024 Results Conference Call.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q3 2024 Earnings Call Transcript
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX ) Q3 2024 Earnings Conference Call October 28, 2024 10:30 AM ET Company Participants Juan Fonseca - Director, IR José Antonio Fernández Garza-Lagüera - CEO, Proximity & Health Martin Arias - CFO Conference Call Participants Ricardo Alves - Morgan Stanley Bob Ford - Bank of America Antonio Hernandez - Actinver Ben Theurer - Barclays Thiago Bortoluci - Goldman Sachs Alvaro Garcia - BTG Pactual Rodrigo Alcantara - UBS Carlos Laboy - HSBC Hector Maya - Scotiabank Ulises Argote - Santander Operator Hello, and welcome to FEMSA's Third Quarter 2024 Results Conference Call.
10/28 08:52 EST - globenewswire.com
FEMSA Announces Third Quarter 2024 Results
MONTERREY, Mexico, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the third quarter of 2024.
FEMSA Announces Third Quarter 2024 Results
MONTERREY, Mexico, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the third quarter of 2024.
10/15 17:04 EST - globenewswire.com
FEMSA Schedules Conference Call to Discuss Third Quarter Financial Results
MONTERREY, Mexico, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its Third Quarter Conference Call that will be held on:
FEMSA Schedules Conference Call to Discuss Third Quarter Financial Results
MONTERREY, Mexico, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its Third Quarter Conference Call that will be held on:
10/14 13:36 EST - zacks.com
FEMSA to Divest Some Operations in Mexico, On Track With Forward Plan
FMX looks forward to divesting its few logistic operations to Grupo Traxion.
FEMSA to Divest Some Operations in Mexico, On Track With Forward Plan
FMX looks forward to divesting its few logistic operations to Grupo Traxion.
10/11 11:46 EST - zacks.com
FEMSA Forward Strategy & Digital Efforts: Key Drivers for FEMSA
FEMSA is poised for growth on effective growth strategies, including the FEMSA Forward Strategy, Digital@FEMSA and retail business expansion.
FEMSA Forward Strategy & Digital Efforts: Key Drivers for FEMSA
FEMSA is poised for growth on effective growth strategies, including the FEMSA Forward Strategy, Digital@FEMSA and retail business expansion.
10/10 09:10 EST - globenewswire.com
FEMSA announces agreement with TRAXIÓN to divest certain of FEMSA's logistics operations
MONTERREY, Mexico, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with Grupo Traxión, S.A.B. de C.V (BMV: TRAXIONA), a leading transportation and logistics company based in Mexico, to divest certain of FEMSA's logistics operations doing business as Solistica. The transaction includes FEMSA's transportation management operations in Mexico, as well as its contract logistics operations in Mexico, Colombia and Brazil. The transaction does not include FEMSA's LTL (less-than-truckload) operations in Brazil.
FEMSA announces agreement with TRAXIÓN to divest certain of FEMSA's logistics operations
MONTERREY, Mexico, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with Grupo Traxión, S.A.B. de C.V (BMV: TRAXIONA), a leading transportation and logistics company based in Mexico, to divest certain of FEMSA's logistics operations doing business as Solistica. The transaction includes FEMSA's transportation management operations in Mexico, as well as its contract logistics operations in Mexico, Colombia and Brazil. The transaction does not include FEMSA's LTL (less-than-truckload) operations in Brazil.
10/01 19:00 EST - businesswire.com
Delek US Holdings, Inc. Announces Closing of Sale of Retail Assets to FEMSA
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (NYSE:DK) (“Delek”) announced today the closing of the previously announced sale of 100% of the equity interests in the Delek subsidiaries that operate Delek's retail business (“Delek US Retail”) to a subsidiary of FEMSA (NYSE:FMX) for cash consideration of approximately $385 million, including the purchase of inventories. Avigal Soreq, President, and Chief Executive Officer of Delek, said, “The completion of the sale of Delek US Retail.
Delek US Holdings, Inc. Announces Closing of Sale of Retail Assets to FEMSA
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (NYSE:DK) (“Delek”) announced today the closing of the previously announced sale of 100% of the equity interests in the Delek subsidiaries that operate Delek's retail business (“Delek US Retail”) to a subsidiary of FEMSA (NYSE:FMX) for cash consideration of approximately $385 million, including the purchase of inventories. Avigal Soreq, President, and Chief Executive Officer of Delek, said, “The completion of the sale of Delek US Retail.
09/18 11:11 EST - zacks.com
FEMSA Stock Declines 20.8% YTD: Is a Recovery on the Horizon?
FMX stock's performance is affected by macroeconomic challenges and rising competition, but the FEMSA Forward Strategy positions the company for long-term growth.
FEMSA Stock Declines 20.8% YTD: Is a Recovery on the Horizon?
FMX stock's performance is affected by macroeconomic challenges and rising competition, but the FEMSA Forward Strategy positions the company for long-term growth.
08/01 08:40 EST - globenewswire.com
FEMSA to enter the Convenience Store Industry in the United States
MONTERREY, Mexico, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that it has entered into definitive agreements with Delek US Holdings, Inc. (“Delek”) (NYSE: DK), to acquire Delek's retail operations, consisting of 249 convenience stores located mainly in Texas, for a total amount of US$385 million dollars on a cash-free, debt-free basis, including the purchase of inventories.
FEMSA to enter the Convenience Store Industry in the United States
MONTERREY, Mexico, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that it has entered into definitive agreements with Delek US Holdings, Inc. (“Delek”) (NYSE: DK), to acquire Delek's retail operations, consisting of 249 convenience stores located mainly in Texas, for a total amount of US$385 million dollars on a cash-free, debt-free basis, including the purchase of inventories.
08/01 08:30 EST - businesswire.com
Definitive Agreement Signed for FEMSA's Acquisition of Retail Assets from Delek US
NASHVILLE, Tenn--(BUSINESS WIRE)--FEMSA (NYSE:FMX) and Delek US Holdings, Inc. (NYSE:DK) (“Delek”) have entered into a definitive agreement, whereby a subsidiary of FEMSA will acquire 100% of the equity interests in the Delek subsidiaries that operate Delek's retail business (“Delek US Retail”) for cash consideration of $385 million (the “Transaction”), including the purchase of inventories. The transaction is anticipated to close sometime late in the third quarter or in the fourth quarter 2024.
Definitive Agreement Signed for FEMSA's Acquisition of Retail Assets from Delek US
NASHVILLE, Tenn--(BUSINESS WIRE)--FEMSA (NYSE:FMX) and Delek US Holdings, Inc. (NYSE:DK) (“Delek”) have entered into a definitive agreement, whereby a subsidiary of FEMSA will acquire 100% of the equity interests in the Delek subsidiaries that operate Delek's retail business (“Delek US Retail”) for cash consideration of $385 million (the “Transaction”), including the purchase of inventories. The transaction is anticipated to close sometime late in the third quarter or in the fourth quarter 2024.
07/26 02:05 EST - seekingalpha.com
FEMSA's Mixed Second Quarter Isn't A Cause For Concern
FEMSA's Q2 results were mixed, with strong performance from Coca-Cola FEMSA driving the upside and offsetting weaker results in other segments. Weaker growth from Oxxo this quarter isn't a major concern, as calendar effects (the timing of Holy Week) have a lot to do with it and margins continue to improve. Ongoing investments in digital and drugstores may irk some investors, but long-term growth opportunities in core businesses remain promising and worthy of further investment.
FEMSA's Mixed Second Quarter Isn't A Cause For Concern
FEMSA's Q2 results were mixed, with strong performance from Coca-Cola FEMSA driving the upside and offsetting weaker results in other segments. Weaker growth from Oxxo this quarter isn't a major concern, as calendar effects (the timing of Holy Week) have a lot to do with it and margins continue to improve. Ongoing investments in digital and drugstores may irk some investors, but long-term growth opportunities in core businesses remain promising and worthy of further investment.
07/25 13:11 EST - zacks.com
FEMSA (FMX) Posts Sturdy Q2 Growth: Revenues & Earnings Up Y/Y
FEMSA (FMX) Q2 results showcase broad-based growth across its business units and an improved operating margin despite adverse weather conditions and strong year-over-year comparisons.
FEMSA (FMX) Posts Sturdy Q2 Growth: Revenues & Earnings Up Y/Y
FEMSA (FMX) Q2 results showcase broad-based growth across its business units and an improved operating margin despite adverse weather conditions and strong year-over-year comparisons.
07/24 18:14 EST - seekingalpha.com
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q2 2024 Earnings Call Transcript
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX ) Q2 2024 Earnings Conference Call July 24, 2024 11:00 AM ET Company Participants Juan Fonseca - Vice President, Investor Relations Martín Arias - Chief Financial Officer Conference Call Participants Benjamin Theurer - Barclays Rodrigo Alcantara - UBS.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q2 2024 Earnings Call Transcript
Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX ) Q2 2024 Earnings Conference Call July 24, 2024 11:00 AM ET Company Participants Juan Fonseca - Vice President, Investor Relations Martín Arias - Chief Financial Officer Conference Call Participants Benjamin Theurer - Barclays Rodrigo Alcantara - UBS.
07/24 09:42 EST - globenewswire.com
FEMSA Announces Second Quarter 2024 Results
MONTERREY, Mexico, July 24, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the second quarter of 2024.
FEMSA Announces Second Quarter 2024 Results
MONTERREY, Mexico, July 24, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the second quarter of 2024.
07/17 19:27 EST - businesswire.com
Mill Point Capital Announces Carve-Out of FEMSA's Commercial Refrigeration and Foodservice Equipment Businesses
KENNESAW, Ga.--(BUSINESS WIRE)--An affiliate of Mill Point Capital LLC (“Mill Point Capital”), a lower middle-market private equity firm focused on control-oriented investments in the industrials, business services and IT services sectors in North America, has entered into a definitive agreement to acquire the commercial refrigeration and foodservice equipment businesses of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX) (“FEMSA”), doing business as Imbera and Torrey (collectively AeriTe.
Mill Point Capital Announces Carve-Out of FEMSA's Commercial Refrigeration and Foodservice Equipment Businesses
KENNESAW, Ga.--(BUSINESS WIRE)--An affiliate of Mill Point Capital LLC (“Mill Point Capital”), a lower middle-market private equity firm focused on control-oriented investments in the industrials, business services and IT services sectors in North America, has entered into a definitive agreement to acquire the commercial refrigeration and foodservice equipment businesses of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX) (“FEMSA”), doing business as Imbera and Torrey (collectively AeriTe.
07/17 17:00 EST - globenewswire.com
FEMSA announces agreement with Mill Point Capital to divest FEMSA's refrigeration and foodservice equipment operations
MONTERREY, Mexico, July 17, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with Mill Point Capital LLC, a leading private equity firm, to divest FEMSA's refrigeration and foodservice equipment operations, Imbera and Torrey, for a total amount of $8,000 million pesos, on a cash-free, debt-free basis.
FEMSA announces agreement with Mill Point Capital to divest FEMSA's refrigeration and foodservice equipment operations
MONTERREY, Mexico, July 17, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with Mill Point Capital LLC, a leading private equity firm, to divest FEMSA's refrigeration and foodservice equipment operations, Imbera and Torrey, for a total amount of $8,000 million pesos, on a cash-free, debt-free basis.
07/08 17:49 EST - globenewswire.com
FEMSA Schedules Conference Call to Discuss Second Quarter Financial Results
MONTERREY, Mexico, July 08, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its Second Quarter Conference Call that will be held on:
FEMSA Schedules Conference Call to Discuss Second Quarter Financial Results
MONTERREY, Mexico, July 08, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its Second Quarter Conference Call that will be held on:
06/17 21:03 EST - prnewswire.com
FEMSA ANNOUNCES EARLY TENDER RESULTS AND ACCEPTANCE OF NOTES FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFER
MONTERREY, Mexico , June 17, 2024 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced the early tender results and acceptance for its previously announced offer to purchase for cash (the "Tender Offer") up to US$250,000,000 (the "Tender Cap") aggregate principal amount of the notes set forth in the table below (all such notes, the "Notes") subject to proration as described in the Offer to Purchase (as defined below), from each registered holder of the Notes (each a "Holder" and, collectively, the "Holders").
FEMSA ANNOUNCES EARLY TENDER RESULTS AND ACCEPTANCE OF NOTES FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFER
MONTERREY, Mexico , June 17, 2024 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced the early tender results and acceptance for its previously announced offer to purchase for cash (the "Tender Offer") up to US$250,000,000 (the "Tender Cap") aggregate principal amount of the notes set forth in the table below (all such notes, the "Notes") subject to proration as described in the Offer to Purchase (as defined below), from each registered holder of the Notes (each a "Holder" and, collectively, the "Holders").