Fomento Económico Mexicano. de Future Growth

Future criteria checks 3/6

Fomento Económico Mexicano. de is forecast to grow earnings and revenue by 14.5% and 8.2% per annum respectively. EPS is expected to grow by 17.3% per annum. Return on equity is forecast to be 13.2% in 3 years.

Key information

14.5%

Earnings growth rate

17.3%

EPS growth rate

Beverage earnings growth	8.9%
Revenue growth rate	8.2%
Future return on equity	13.2%
Analyst coverage	Good
Last updated	29 Apr 2024

Recent future growth updates

No updates

Recent updates

FEMSA Undervalued Despite Ongoing Excellence Of Execution

Oct 30

FEMSA Propelled Higher By Healthy Results And Capital Redeployment Opportunities

Aug 17

Earnings and Revenue Growth Forecasts

NYSE:FMX - Analysts future estimates and past financials data (MXN Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	924,945	46,730	50,756	N/A	8
12/31/2025	862,582	42,111	44,427	N/A	16
12/31/2024	791,980	39,484	41,191	N/A	15
3/31/2024	720,789	27,482	N/A	N/A	N/A
12/31/2023	702,692	33,451	11,559	49,679	N/A
9/30/2023	760,872	39,929	40,283	77,154	N/A
6/30/2023	730,471	34,858	28,422	62,491	N/A
3/31/2023	705,303	28,809	36,966	69,092	N/A
12/31/2022	597,008	22,486	41,104	72,576	N/A
9/30/2022	603,428	19,199	31,413	57,291	N/A
6/30/2022	588,178	27,465	46,910	70,557	N/A
3/31/2022	579,529	26,495	46,751	70,331	N/A
12/31/2021	505,460	20,231	53,606	73,090	N/A
9/30/2021	534,086	20,530	52,827	73,309	N/A
6/30/2021	518,144	9,638	50,299	69,791	N/A
3/31/2021	495,261	-5,145	35,347	53,985	N/A
12/31/2020	492,966	-1,930	33,031	53,173	N/A
9/30/2020	495,676	4,112	23,180	45,866	N/A
6/30/2020	499,645	8,163	21,639	46,044	N/A
3/31/2020	512,755	26,238	32,630	58,657	N/A
12/31/2019	506,711	20,699	36,515	61,638	N/A
9/30/2019	500,897	25,801	42,790	66,679	N/A
6/30/2019	488,798	22,810	36,536	60,566	N/A
3/31/2019	476,155	24,852	27,235	50,959	N/A
12/31/2018	469,744	22,560	25,515	48,892	N/A
9/30/2018	456,436	14,850	17,713	40,612	N/A
6/30/2018	447,814	43,002	23,564	44,705	N/A
3/31/2018	440,460	37,223	27,843	48,281	N/A
12/31/2017	439,932	40,864	N/A	40,135	N/A
9/30/2017	444,070	45,331	N/A	48,067	N/A
6/30/2017	434,646	19,586	N/A	49,980	N/A
3/31/2017	423,254	21,740	N/A	48,158	N/A
12/31/2016	399,507	21,140	N/A	50,131	N/A
9/30/2016	373,563	20,114	N/A	43,812	N/A
6/30/2016	352,001	18,398	N/A	39,864	N/A
3/31/2016	331,739	17,533	N/A	40,241	N/A
12/31/2015	311,589	17,683	N/A	36,742	N/A
9/30/2015	274,663	18,356	N/A	29,341	N/A
6/30/2015	268,290	18,188	N/A	29,283	N/A
3/31/2015	263,266	17,268	N/A	29,650	N/A
12/31/2014	263,449	16,701	N/A	37,364	N/A
9/30/2014	282,262	15,563	N/A	40,649	N/A
6/30/2014	273,848	15,236	N/A	38,473	N/A
3/31/2014	266,361	15,844	N/A	33,939	N/A
12/31/2013	258,097	15,922	N/A	28,758	N/A
9/30/2013	249,748	20,487	N/A	30,611	N/A
6/30/2013	245,445	20,734	N/A	30,140	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FMX's forecast earnings growth (14.5% per year) is above the savings rate (2.4%).

Earnings vs Market: FMX's earnings (14.5% per year) are forecast to grow faster than the US market (14.1% per year).

High Growth Earnings: FMX's earnings are forecast to grow, but not significantly.

Revenue vs Market: FMX's revenue (8.2% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: FMX's revenue (8.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FMX's Return on Equity is forecast to be low in 3 years time (13.2%).

Fomento Económico Mexicano. de Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Recent updates

Fomento Económico Mexicano, S.A.B. de C.V. to Report Q1, 2024 Results on Apr 26, 2024

Fomento Económico Mexicano, S.A.B. De C.V. Announces Executive Appointments

Fomento Económico Mexicano, S.A.B. de C.V. Declares Extraordinary Cash Dividend on Series "D" Share, Payable on April 18, July 18, October 17 of 2024 and January 16 of 2025

Fomento Económico Mexicano, S.A.B. de C.V. Announces Chief Financial Officer Changes, Effective April 30, 2024

Fomento Económico Mexicano, S.A.B. de C.V., Annual General Meeting, Mar 22, 2024

Fomento Económico Mexicano, S.A.B. de C.V. to Report Q4, 2023 Results on Feb 23, 2024

FEMSA Undervalued Despite Ongoing Excellence Of Execution

Fomento Económico Mexicano, S.A.B. de C.V. to Report Q3, 2023 Results on Oct 27, 2023

FEMSA Propelled Higher By Healthy Results And Capital Redeployment Opportunities

Fomento Económico Mexicano, S.A.B. de C.V. to Report Q2, 2023 Results on Jul 27, 2023

Fomento Económico Mexicano, S.A.B. De C.V. Announces CEO Changes

FEMSA: Still Cheaply Priced As 'Femsa Forward' Catalyzes Value Unlocking

An undisclosed buyer entered into a definitive agreement to acquire unknown minority stake in Jetro Restaurant Depot from Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) for $1.4 billion.

Fomento Economico Mexicano reports Q4 results

Fomento Económico Mexicano, S.A.B. de C.V. to Report Q4, 2022 Results on Feb 24, 2023

Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) signed an agreement to acquire majority shareholders to all of the remaining outstanding shares of NetPay S.A. de C.V.

Fomento Economico Mexicano reports Q3 results

FEMSA Following Its Plan, No Matter The Cost To Sentiment

Fomento Económico Mexicano, S.A.B. de C.V. Announces Executive Changes, Effective from January 1, 2023

Fomento Económico Mexicano, S.A.B. de C.V. to Report Q3, 2022 Results on Oct 28, 2022

FEMSA: Going Back To Basics With Valora Acquisition

Fomento Economico Mexicano reports Q2 results

Fomento Económico Mexicano, S.A.B. de C.V. to Report Q2, 2022 Results on Jul 28, 2022

Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) signed a binding agreement to acquire Valora Holding AG (SWX:VALN) for CHF 1.1 billion.

FEMSA: This Mexican Giant Is Much More Than Sum Of Its Parts

Fomento Económico Mexicano, S.A.B. de C.V. Approves Payment of Cash Dividend, Payable on May 5, 2022 and November 7, 2022

Fomento Económico Mexicano, S.A.B. de C.V. to Report Q1, 2022 Results on May 02, 2022

FEMSA Has The Pieces In Place For The Next Round Of Growth

Fomento Económico Mexicano, S.A.B. De C.V. Proposes Dividend for 2022

Fomento Económico Mexicano, S.A.B. de C.V., Annual General Meeting, Apr 08, 2022

Fomento Económico Mexicano, S.A.B. de C.V. to Report Q4, 2021 Results on Feb 28, 2022

FEMSA Undervalued As Latin American Consumers Recover

Fomento Economico Mexicano goes ex-dividend tomorrow

Fomento Económico Mexicano, S.A.B. de C.V., Annual General Meeting, Mar 24, 2021

Fomento Económico Mexicano, S.A.B. de C.V. to Report Q4, 2020 Results on Mar 01, 2021

Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) acquired Southeastern Paper Group, Inc.

Reduced Consumer Activity Continues To Pummel FEMSA

Fomento Económico Mexicano, S.A.B. de C.V Appoints Francisco Camacho Beltrán as Chief Corporate Officer

Fomento Economico Mexicano reports Q3 results

Fomento Económico Mexicano, S.A.B. de C.V. to Report Q3, 2020 Results on Oct 28, 2020

Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) acquired North American Corporation of Illinois and Waxies Sanitary Supply.

Fomento Económico Mexicano, S.A.B. de C.V. to Report Q2, 2020 Results on Jul 24, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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