The price of Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE: FMX) closed at $118.41 in the last session, down -0.35% from day before closing price of $118.83. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 1240100 shares were traded.
Ratios:
We take a closer look at FMX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.31. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 1.91. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.55.
On February 09, 2024, HSBC Securities Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $124 to $152.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FMX now has a Market Capitalization of 211.85B and an Enterprise Value of 212.74B. As of this moment, Fomento’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.46, and their Forward P/E ratio for the next fiscal year is 17.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 2.44. Its current Enterprise Value per Revenue stands at 0.30 whereas that against EBITDA is 2.86.
Stock Price History:
Over the past 52 weeks, FMX has reached a high of $143.43, while it has fallen to a 52-week low of $85.66. The 50-Day Moving Average of the stock is 133.13, while the 200-Day Moving Average is calculated to be 116.51.
Shares Statistics:
According to the various share statistics, FMX traded on average about 480.89K shares per day over the past 3-months and 720.68k shares per day over the past 10 days. A total of 216.12M shares are outstanding, with a floating share count of 216.12M. Insiders hold about 0.00% of the company’s shares, while institutions hold 34.06% stake in the company. Shares short for FMX as of Jan 31, 2024 were 1.22M with a Short Ratio of 2.53, compared to 971.22k on Dec 29, 2023.
Dividends & Splits
The forward annual dividend rate for FMX is 2.07, which was 4.40 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.70%, it implies a Forward Annual Dividend Yield of 1.75%. The stock’s 5-year Average Dividend Yield is 1.81. The current Payout Ratio is 57.97% for FMX, which recently paid a dividend on Nov 17, 2023 with an ex-dividend date of Nov 03, 2023. Stock splits for the company last occurred on May 31, 2007 when the company split stock in a 3:1 ratio.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.61 for the current quarter, with a high estimate of $2.1 and a low estimate of $1.18, while EPS last year was $0.68. The consensus estimate for the next quarter is $0.98, with high estimates of $1.03 and low estimates of $0.92.
Analysts are recommending an EPS of between $12.15 and $4.08 for the fiscal current year, implying an average EPS of $6.83. EPS for the following year is $5.37, with 7 analysts recommending between $6.58 and $2.19.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $10.82B. It ranges from a high estimate of $12.14B to a low estimate of $11.43B. As of the current estimate, Fomento Economico Mexicano S.A.B. de C.V. ADR’s year-ago sales were $9.49B, an estimated increase of 14.10% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $10.73B, an increase of 11.10% less than the figure of $14.10% in the same quarter last year. There is a high estimate of $10.82B for the next quarter, whereas the lowest estimate is $10.64B.
A total of 6 analysts have provided revenue estimates for FMX’s current fiscal year. The highest revenue estimate was $45.37B, while the lowest revenue estimate was $42.41B, resulting in an average revenue estimate of $39.64B. In the same quarter a year ago, actual revenue was $33.5B, up 18.30% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $46.7B in the next fiscal year. The high estimate is $48.67B and the low estimate is $45.18B. The average revenue growth estimate for next year is up 17.80% from the average revenue estimate for this year.
