Is the business good?
How good a business is FMX?
Fomento Económico Mexicano, S.A.B. de C.V. earns 81% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
81%
Return on invested capital · cost of capital 9.0% · 72 points above what the capital costs: growth creates value
- Operating margin
- 40%
Operating margin · Beverages - Brewers median 18% · fiscal year to FY2024
- Cash conversion
- 1.32×
Cash conversion · 0.69× a year ago · every dollar of reported profit arrived as cash, and more
- Gross margin
- 41%
Gross margin
| Year | Operating margin |
|---|---|
| FY2019 | 37% |
| FY2020 | 36% |
| FY2021 | 40% |
| FY2022 | 40% |
| FY2023 | 39% |
| FY2024 | 40% |
Details›
- Gross marginfiscal year to FY2024
- 41%
- Operating marginfiscal year to FY2024
- 40%
- Net marginfiscal year to FY2024
- 5.1%
- Free cash flow margin
- 6.8%
- Revenue, trailing twelve months
- $781.6B
- Free cash flow, trailing twelve months
- $53.3B
- Net income, trailing twelve months
- $40.2B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 81%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Beverages - Brewers
Ranks #2 of 6 by Smart Score