Added to YB: 2024-10-14
Pitch date: 2024-10-14
FMX [bullish]
Fomento Económico Mexicano, S.A.B. de C.V.
+40.63%
current return
Author Info
No bio for this author
Company Info
Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.
Market Cap
MXN 630.2B
Pitch Price
MXN 86.04
Price Target
N/A
Dividend
7.33%
EV/EBITDA
7.15
P/E
21.17
EV/Sales
0.97
Sector
Beverages
Category
value
Femsa: Another Buying Opportunity For Mexico's Convenience Store Giant
FMX (added to position): OXXO conv-store giant (20k+ MX stores, expanding S.America) back under $100 vs $140 high after weaker-than-hoped special div/buyback + more M&A. 19x fwd P/E, 12x EBITDA, 1x sales. Spin FinTech (10M+ users, +50% YoY, loses ~$150M/yr) & Bara hard-discount hidden upside. New mgmt = wildcard.
Read full article (9 min)