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Fomento Económico Mexicano, S.A. (FEMSAUBD) Fair Value & Analysis

Consumer Defensive · MX · Market cap 957B MXN

FE Fomento Económico Mexicano, S.A. FEMSAUBD · MX
Price222.91 MXN
Fair Value201.74 MXN
Upside-9.5%
Quality70/100
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Healthy Growth
Thin margins · 3.3% net margin
Moderate debt · generates free cash flow
Ranks above peers (9/15)
Moderate moat 47/100
Evidence: Medium Range 151.30 MXN – 252.17 MXN Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 16, 2026, revised from 98.98 MXN to 201.74 MXN (+103.8%) since Jul 5, 2026. Share price +3.6% over the past month.

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

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 151.30 MXN (bear) to 252.17 MXN (bull), base 201.74 MXN. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 70/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

230.25 MXN 108.50 MXN Fair Value 201.74 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 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 222.91 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 Jul 16, 2026.

Full chart & analysis →

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Analysis

Fomento Económico Mexicano, S.A. (FEMSAUBD) currently trades at 222.91 MXN, while our model-based Fair Value estimate is 201.74 MXN, implying the stock looks roughly 9.5% fairly valued today. We read business quality at 70/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Fomento Económico Mexicano, S.A. 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 Jul 16, 2026

Our scenario range runs from 151.30 MXN (bear case) to 252.17 MXN (bull case); at 222.91 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 near its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 2% fair-value upside, at -10%, FEMSAUBD screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 185.44 MXN 342.52 MXN 626.09 MXN 80
Residual Income 103.26 MXN 111.44 MXN 130.78 MXN 76
Rev-Margin DCF 273.74 MXN 512.54 MXN 820.59 MXN 74
All 26 models by family
DCF Models
FCF DCF 186.26 MXN 354.45 MXN 660.92 MXN 38
Owner Earnings 135.65 MXN 260.32 MXN 487.51 MXN 31
5Y Revenue Exit 273.74 MXN 522.00 MXN 864.75 MXN 39
5Y EBITDA Exit 410.16 MXN 803.37 MXN 1,304 MXN 41
5Y P/E Exit 143.11 MXN 252.59 MXN 376.77 MXN 38
10Y Revenue Exit 232.68 MXN 463.35 MXN 826.92 MXN 36
10Y EBITDA Exit 336.85 MXN 674.34 MXN 1,204 MXN 37
10Y P/E Exit 155.71 MXN 261.32 MXN 408.75 MXN 35
Earnings-Based
Graham-Dodd 65.32 MXN 303.21 MXN 416.50 MXN 54
Lynch FV 79.96 MXN 114.22 MXN 148.49 MXN 50
PEG = 1.0 79.96 MXN 114.22 MXN 148.49 MXN 46
EPV 280.36 MXN 331.49 MXN 376.94 MXN 59
Dividend Discount
Gordon GGM 237.42 MXN 518.34 MXN 872.12 MXN 70
DDM Multi-Stage 237.42 MXN 424.60 MXN 540.19 MXN 61
Multiples
P/E Multiple 144.10 MXN 192.13 MXN 240.16 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 472.19 MXN 632.72 MXN 793.25 MXN 53
EV/EBITDA 551.17 MXN 738.03 MXN 924.89 MXN 54
EV/Revenue 315.23 MXN 454.35 MXN 593.48 MXN 43
Asset-Based
NCAV (Graham) 60.56 MXN 81.15 MXN 121.12 MXN 50
Growth DCF
Growth DCF 185.44 MXN 342.52 MXN 626.09 MXN 80
Rev-Margin DCF 273.74 MXN 512.54 MXN 820.59 MXN 74
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 72
Growth Earnings
Growth-Adj P/E 124.16 MXN 177.37 MXN 230.58 MXN 68

Widest divergence: Dividend Discount (424.60 MXN) versus Asset-Based (81.15 MXN). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 853B MXN
Revenue growth (YoY) +6.1%
Net margin 3.3%
Return on equity 12.4%
Free cash flow 29.0B MXN FY2025
P/E ratio 16.3
More key figures
Operating margin 12.6%
EPS (TTM) 13.07 MXN
EPS growth (YoY) +168%
Net debt 39.7B MXN FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 62 · Market factors (momentum, volatility) 75

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 91
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 76
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.

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. 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. growth/yr (3Y)
+7.7%
Avg. growth/yr (5Y)
+11.3%
Avg. growth/yr (30Y)
+13.0%
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

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

Peer Group

Beverages - Brewers · 52 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 70 · Top 25%
Fair Value upside −10% · Below 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) 0.0% · Bottom 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 1.9× · Cheaper than median
EV/EBITDA 9.3× · Pricier than median
PEG 2.28× · Cheaper than median

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.

VALUE 21 · sector 37
FUTURE 31 · sector 3
PAST 50 · sector 36
HEALTH 74 · sector 97
DIVIDEND 0 · sector 54

Values & ESG

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

Alcohol

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Beverages - Brewers stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Ambev S.A ABEV 14,120 ARS 6,060 ARS -57%
Anheuser-Busch InBev SA 1ABI €72.28 €46.17 -36%
Heineken N.V HEIA €77.24 €65.06 -16%
Constellation Brands, Inc STZ $135.72 $177.43 +31%
Carlsberg A/S CARLA kr 1,125 kr 607.30 -46%
Heineken Holding HEIO €71.20 €72.67 +2%
Tsingtao Brewery Company 600600 ¥53.38 ¥60.28 +13%
Budweiser Brewing Company 1876 HK$6.58 HK$6.05 -8%
Molson Coors Canada Inc TPXA C$63.10 C$74.42 +18%
Beijing Yanjing Brewery Co 000729 ¥11.94 ¥12.51 +5%

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Frequently asked questions

Is Fomento Económico Mexicano, S.A. (FEMSAUBD) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 201.74 MXN versus a price of 222.91 MXN, about −10% (fairly valued).
What is the fair value of FEMSAUBD?
Our model-based fair value for Fomento Económico Mexicano, S.A. is 201.74 MXN (as of Jul 16, 2026), built from audited fundamentals. The current price is 222.91 MXN.
What is the quality score of FEMSAUBD?
Fomento Económico Mexicano, S.A. has a Quality Score of 70/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Fomento Económico Mexicano, S.A. (FEMSAUBD)?
Fomento Económico Mexicano, S.A. reported trailing-twelve-month revenue of about 853B MXN (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FEMSAUBD?
The net profit margin of Fomento Económico Mexicano, S.A. is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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