FMX
Fomento Económico Mexicano, S.A.B. de C.V. (FMX)
Last Price$97.4(1.2%)
Market Cap$349.3B
$42.6B
+7.1% YoY
$1,307.2M
-12.6% YoY
$3,513.0M
Net Debt to FCF - 4.7x
$846.2M
2.0% margin

FMX Income Statement

FMX Income Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
$39.6B 4.4% YoY
$15.8B 11.1% YoY
39.8% margin
Cost of revenue
$23.9B 0.4% YoY
Operating income
$3,234.1M 82.7% YoY
8.2% margin
Other: $20.6M
Net interest: $23.5M
Operating expenses
$12.5B 15.6% YoY
Pre-tax income
$3,237.0M 37.1% YoY
8.2% margin
Net income
$3,703.8M 174.7% YoY
9.3% margin
SG&A
$12.5B 15.2% YoY
31.5% of revenue

FMX Income statement key metrics

Annual
Quarterly
LTM

Revenue

$39.6B +4.4% YoY

Operating Income

$3.2B +82.7% YoY

Net Income

$3.7B +174.7% YoY

FMX Balance Sheet

FMX Balance Sheet Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Assets
Liabilities
Total assets
$47.4B
Current assets ($21.0B, 44.2% of total)
$11.3B (23.8%)
$2,288.1M (4.8%)
Other current assets
$7,386.2M (15.6%)
Non-current assets ($26.5B, 55.8% of total)
$2,081.1M (4.4%)
$5,797.0M (12.2%)
Other non-current assets
$5,087.7M (10.7%)
Financial position
$2,417.2M
$11.3B$13.7B
Cash & Short-term Investments
Total Debt

FMX Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$47.4B +0.9% YoY

Liabilities

$25.2B -7.1% YoY

Shareholder's Equity

$22.3B +11.7% YoY

FMX Cash Flow Statement

FMX Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$4,704.6M$2,801.1M$7,459.1M($5,218.4M)($436.7M)$9,309.6M

FMX Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$2,801.1M -31.5% YoY

Capital Expenditure (CAPEX)

($2,149.4M) +18.6% YoY

Free Cash Flow (FCF)

$651.7M -65.6% YoY

FMX Financials

USD
MXN
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
% growth
8,325.4
0.0%
9,695.7
16.5%
11,594.1
19.6%
13,496.1
16.4%
15,194.4
12.6%
14,610.9
(3.8%)
13,432.0
(8.1%)
16,377.4
21.9%
18,117.1
10.6%
20,224.0
11.6%
11,068.2
(45.3%)
19,633.8
77.4%
21,388.2
8.9%
24,381.4
14.0%
24,435.8
0.2%
26,310.2
7.7%
23,092.2
(12.2%)
27,415.6
18.7%
33,460.8
22.0%
39,620.5
18.4%
Cost of Goods Sold (COGS)4,427.75,160.46,230.57,298.98,174.97,874.97,814.79,518.610,415.911,631.75,929.811,872.113,453.915,365.615,316.616,367.814,208.216,882.720,951.923,860.8
% margin
3,897.7
46.8%
4,535.3
46.8%
5,363.6
46.3%
6,197.2
45.9%
7,019.5
46.2%
6,736.1
46.1%
5,617.3
41.8%
6,858.9
41.9%
7,701.2
42.5%
8,592.3
42.5%
5,138.3
46.4%
7,761.7
39.5%
7,934.3
37.1%
9,015.8
37.0%
9,119.3
37.3%
9,942.4
37.8%
8,884.0
38.5%
10,533.0
38.4%
12,508.9
37.4%
15,759.7
39.8%
Operating Expenses2,680.33,103.93,768.94,407.34,968.24,733.03,834.14,688.85,479.36,252.83,520.45,563.45,930.66,821.66,820.47,494.16,939.87,970.59,555.712,525.6
Research & Development Expenses (R&D)0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)2,680.33,103.93,768.94,407.34,106.34,733.03,834.14,688.85,446.26,232.45,958.05,564.15,903.86,776.06,731.57,362.86,857.57,949.79,534.512,463.0
1,217.3
14.6%
1,431.4
14.8%
1,594.8
13.8%
1,789.9
13.3%
2,051.3
13.5%
2,003.1
13.7%
1,783.2
13.3%
2,170.1
13.3%
2,221.9
12.3%
2,339.5
11.6%
1,558.7
14.1%
2,198.3
11.2%
2,003.7
9.4%
2,194.2
9.0%
2,298.9
9.4%
1,187.9
4.5%
375.6
1.6%
1,425.0
5.2%
1,560.1
4.7%
3,234.1
8.2%
Interest Income47.958.664.870.354.141.987.480.659.596.028.564.569.582.9147.3164.598.472.2191.0992.9
Interest Expense333.5415.1370.5416.5445.8385.4258.4236.7190.5339.4416.7285.3516.4589.0735.6733.8820.5834.8810.9969.4
Pre-tax Income1,031.81,165.91,284.01,544.51,219.51,408.21,870.52,288.42,736.92,343.81,155.31,585.61,877.22,530.51,987.01,666.1887.02,034.32,081.23,237.0
% effective tax rate
212.2
20.6%
421.0
36.1%
440.7
34.3%
452.7
29.3%
380.4
31.2%
289.8
20.6%
448.9
24.0%
620.0
27.1%
604.3
22.1%
607.7
25.9%
290.1
25.1%
499.8
31.5%
422.3
22.5%
560.4
22.1%
502.2
25.3%
544.0
32.6%
694.2
78.3%
703.7
34.6%
673.3
32.4%
731.4
22.6%
% margin
516.7
6.2%
509.6
5.3%
607.3
5.2%
778.5
5.8%
839.0
5.5%
734.7
5.0%
3,185.9
23.7%
1,220.6
7.5%
1,574.2
8.7%
1,247.6
6.2%
833.3
7.5%
1,114.2
5.7%
1,131.8
5.3%
2,245.5
9.2%
1,190.8
4.9%
1,074.8
4.1%
192.9
0.8%
1,404.4
5.1%
1,188.4
3.6%
3,703.8
9.3%
EPS0.060.060.070.080.340.081.780.680.880.700.470.110.631.250.670.600.110.780.690.53
Diluted EPS0.060.060.070.080.340.081.780.680.880.700.470.110.631.250.670.600.110.780.691.04
% margin
1,824.8
21.9%
2,105.4
21.7%
2,358.4
20.3%
2,718.2
20.1%
2,394.9
15.8%
1,924.9
13.2%
1,865.6
13.9%
2,550.9
15.6%
2,847.5
15.7%
3,056.2
15.1%
3,008.4
27.2%
2,811.7
14.3%
2,565.8
12.0%
2,857.1
11.7%
3,032.2
12.4%
3,599.0
13.7%
1,689.5
7.3%
2,804.3
10.2%
3,077.4
9.2%
6,147.2
15.5%