Fomento Economico Mexicano S.A.B. de C.V. ADR (NYSE: FMX) closed the day trading at $124.11 up 1.86% from the previous closing price of $121.84. In other words, the price has increased by $+2.27 from its previous closing price. On the day, 1044741 shares were traded.
Ratios:
For a better understanding of FMX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.00. 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 222.05B and an Enterprise Value of 222.94B. As of this moment, Fomento’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.02, and their Forward P/E ratio for the next fiscal year is 19.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.63 while its Price-to-Book (P/B) ratio in mrq is 2.56. Its current Enterprise Value per Revenue stands at 0.32 whereas that against EBITDA is 3.00.
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 132.78, while the 200-Day Moving Average is calculated to be 116.72.
Shares Statistics:
Over the past 3-months, FMX traded about 516.27K shares per day on average, while over the past 10 days, FMX traded about 908.97k shares per day. A total of 216.12M shares are outstanding, with a floating share count of 216.08M. Insiders hold about 0.00% of the company’s shares, while institutions hold 34.07% stake in the company. Shares short for FMX as of Feb 15, 2024 were 1.22M with a Short Ratio of 2.55, compared to 1M on Jan 12, 2024.
Dividends & Splits
FMX’s forward annual dividend rate is 2.07, up from 4.40 a year ago. Against a Trailing Annual Dividend Yield of 3.61%, it implies a Forward Annual Dividend Yield of 1.70%. 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
Current recommendations for the stock of the company come from 3 analysts. 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 $5.27, with 7 analysts recommending between $6.58 and $2.19.
Revenue Estimates
3 analysts predict $10.82B in revenue for the current quarter. 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 8 analysts’ estimates, the company’s revenue will be $136.78B in the next fiscal year. The high estimate is $767.11B and the low estimate is $45.33B. The average revenue growth estimate for next year is up 245.00% from the average revenue estimate for this year.
