Professional
Added to YB: 2024-08-08
Pitch date: 2024-06-30
FMX [bullish]
Fomento Económico Mexicano, S.A.B. de C.V.
+14.93%
current return
Author Info
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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 616.8B
Pitch Price
MXN 97.57
Price Target
N/A
Dividend
7.45%
EV/EBITDA
8.84
P/E
49.70
EV/Sales
1.00
Sector
Beverages
Category
turnaround
Show full summary:
Invesco Developing Markets Fund Portfolio Holding: Fomento Económico Mexicano, S.A.B. de C.V.
FMX: LatAm's top convenience & beverage co. Weak 2024 stock performance due to exec changes, muted earnings & Mexican election volatility. Strong 2023 performance. Potential value opportunity in leading LatAm consumer business amid short-term headwinds.
Read full article (1 min)