Fomento Economico Mexicano Stock Beta

FMX Stock

USD 115.90 0.48 0.41%

Fomento Economico Mexicano fundamentals help investors to digest information that contributes to Fomento Economico's financial success or failures. It also enables traders to predict the movement of Fomento Stock. The fundamental analysis module provides a way to measure Fomento Economico's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fomento Economico stock.

Short Long Term Debt Total Total Assets

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Fomento Economico Mexicano Company Beta Analysis

Fomento Economico's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Fomento Economico Beta

0.38

Most of Fomento Economico's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fomento Economico Mexicano is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Fomento Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Fomento Economico is extremely important. It helps to project a fair market value of Fomento Stock properly, considering its historical fundamentals such as Beta. Since Fomento Economico's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Fomento Economico's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Fomento Economico's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Good Will	Total Liab	Total Current Assets	Short Term Debt	Long Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.93	-0.14	0.67	0.97	0.96	0.81	0.77	0.95	0.92	0.54	0.92	0.77	0.54	0.93	0.58	0.53	0.28	-0.7	0.89	0.68	0.69	-0.76	-0.4	-0.49
Total Stockholder Equity	0.93		-0.05	0.45	0.98	0.89	0.81	0.56	0.8	0.93	0.75	0.81	0.67	0.48	0.89	0.7	0.46	0.24	-0.62	0.75	0.64	0.53	-0.72	-0.57	-0.64
Current Deferred Revenue	-0.14	-0.05		-0.16	-0.04	-0.28	0.03	-0.24	-0.17	0.05	0.01	-0.09	-0.37	-0.35	0.0	0.14	-0.47	-0.22	0.18	-0.14	-0.03	-0.28	0.23	-0.27	-0.37
Net Debt	0.67	0.45	-0.16		0.57	0.7	0.56	0.9	0.73	0.44	-0.05	0.69	0.67	0.61	0.57	0.19	0.26	0.11	-0.72	0.73	0.61	0.52	-0.42	-0.05	0.05
Retained Earnings	0.97	0.98	-0.04	0.57		0.94	0.83	0.66	0.88	0.95	0.63	0.88	0.71	0.55	0.92	0.67	0.47	0.21	-0.68	0.82	0.66	0.62	-0.72	-0.47	-0.6
Accounts Payable	0.96	0.89	-0.28	0.7	0.94		0.79	0.8	0.92	0.86	0.51	0.91	0.75	0.64	0.9	0.6	0.62	0.27	-0.75	0.88	0.74	0.7	-0.75	-0.32	-0.38
Net Receivables	0.81	0.81	0.03	0.56	0.83	0.79		0.65	0.63	0.72	0.48	0.71	0.79	0.61	0.69	0.54	0.35	0.19	-0.68	0.6	0.82	0.21	-0.29	-0.32	-0.37
Good Will	0.77	0.56	-0.24	0.9	0.66	0.8	0.65		0.82	0.53	0.08	0.74	0.75	0.64	0.69	0.19	0.4	0.2	-0.71	0.81	0.66	0.51	-0.57	-0.26	0.07
Total Liab	0.95	0.8	-0.17	0.73	0.88	0.92	0.63	0.82		0.86	0.38	0.93	0.67	0.45	0.93	0.48	0.55	0.31	-0.65	0.94	0.58	0.82	-0.83	-0.32	-0.4
Total Current Assets	0.92	0.93	0.05	0.44	0.95	0.86	0.72	0.53	0.86		0.68	0.89	0.53	0.31	0.94	0.73	0.5	0.32	-0.55	0.83	0.58	0.68	-0.74	-0.46	-0.74
Short Term Debt	0.54	0.75	0.01	-0.05	0.63	0.51	0.48	0.08	0.38	0.68		0.51	0.28	0.12	0.63	0.58	0.28	0.29	-0.27	0.43	0.46	0.26	-0.54	-0.63	-0.65
Long Term Debt	0.92	0.81	-0.09	0.69	0.88	0.91	0.71	0.74	0.93	0.89	0.51		0.61	0.38	0.95	0.58	0.55	0.35	-0.69	0.94	0.77	0.76	-0.72	-0.27	-0.5
Intangible Assets	0.77	0.67	-0.37	0.67	0.71	0.75	0.79	0.75	0.67	0.53	0.28	0.61		0.71	0.54	0.27	0.41	0.21	-0.63	0.63	0.63	0.39	-0.39	-0.13	0.03
Common Stock	0.54	0.48	-0.35	0.61	0.55	0.64	0.61	0.64	0.45	0.31	0.12	0.38	0.71		0.32	0.12	0.14	-0.12	-0.6	0.39	0.47	0.22	-0.22	-0.06	0.1
Property Plant Equipment	0.93	0.89	0.0	0.57	0.92	0.9	0.69	0.69	0.93	0.94	0.63	0.95	0.54	0.32		0.61	0.51	0.33	-0.62	0.92	0.69	0.71	-0.83	-0.52	-0.6
Short Term Investments	0.58	0.7	0.14	0.19	0.67	0.6	0.54	0.19	0.48	0.73	0.58	0.58	0.27	0.12	0.61		0.64	0.31	-0.34	0.5	0.44	0.47	-0.46	-0.24	-0.59
Net Tangible Assets	0.53	0.46	-0.47	0.26	0.47	0.62	0.35	0.4	0.55	0.5	0.28	0.55	0.41	0.14	0.51	0.64		0.65	-0.17	0.56	0.34	0.61	-0.53	0.02	-0.09
Long Term Investments	0.28	0.24	-0.22	0.11	0.21	0.27	0.19	0.2	0.31	0.32	0.29	0.35	0.21	-0.12	0.33	0.31	0.65		0.26	0.37	0.13	0.29	-0.29	-0.15	-0.12
Short Long Term Debt	-0.7	-0.62	0.18	-0.72	-0.68	-0.75	-0.68	-0.71	-0.65	-0.55	-0.27	-0.69	-0.63	-0.6	-0.62	-0.34	-0.17	0.26		-0.64	-0.77	-0.41	0.41	0.13	0.18
Long Term Debt Total	0.89	0.75	-0.14	0.73	0.82	0.88	0.6	0.81	0.94	0.83	0.43	0.94	0.63	0.39	0.92	0.5	0.56	0.37	-0.64		0.65	0.81	-0.8	-0.33	-0.32
Capital Surpluse	0.68	0.64	-0.03	0.61	0.66	0.74	0.82	0.66	0.58	0.58	0.46	0.77	0.63	0.47	0.69	0.44	0.34	0.13	-0.77	0.65		0.27	-0.3	-0.18	-0.23
Cash And Equivalents	0.69	0.53	-0.28	0.52	0.62	0.7	0.21	0.51	0.82	0.68	0.26	0.76	0.39	0.22	0.71	0.47	0.61	0.29	-0.41	0.81	0.27		-0.79	-0.01	-0.29
Net Invested Capital	-0.76	-0.72	0.23	-0.42	-0.72	-0.75	-0.29	-0.57	-0.83	-0.74	-0.54	-0.72	-0.39	-0.22	-0.83	-0.46	-0.53	-0.29	0.41	-0.8	-0.3	-0.79		0.57	0.4
Net Working Capital	-0.4	-0.57	-0.27	-0.05	-0.47	-0.32	-0.32	-0.26	-0.32	-0.46	-0.63	-0.27	-0.13	-0.06	-0.52	-0.24	0.02	-0.15	0.13	-0.33	-0.18	-0.01	0.57		0.44
Capital Stock	-0.49	-0.64	-0.37	0.05	-0.6	-0.38	-0.37	0.07	-0.4	-0.74	-0.65	-0.5	0.03	0.1	-0.6	-0.59	-0.09	-0.12	0.18	-0.32	-0.23	-0.29	0.4	0.44

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

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Predict Fomento Economico

In accordance with the recently published financial statements, Fomento Economico Mexicano has a Beta of 0.377. This is 69.35% lower than that of the Beverages sector and significantly higher than that of the Consumer Staples industry. The beta for all United States stocks is notably lower than that of the firm.

Fomento Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fomento Economico's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Fomento Economico could also be used in its relative valuation, which is a method of valuing Fomento Economico by comparing valuation metrics of similar companies.

Fomento Economico is currently under evaluation in beta category among related companies.

Fomento Economico Current Valuation Drivers

We derive many important indicators used in calculating different scores of Fomento Economico from analyzing Fomento Economico's financial statements. These drivers represent accounts that assess Fomento Economico's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Fomento Economico's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	6.4T	5.4T	5.7T	5.4T	7.9T	8.3T
Enterprise Value	6.5T	5.5T	5.8T	5.6T	8.0T	8.4T

Fomento Economico Institutional Holders

Institutional Holdings refers to the ownership stake in Fomento Economico that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Fomento Economico's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Fomento Economico's value.

		Shares
Goldman Sachs Group Inc	2023-12-31	1.1 M
Fmr Inc	2023-12-31	1.1 M
Comgest Global Investors Sas	2023-12-31	1.1 M
Robeco Institutional Asset Management Bv	2023-12-31	885.8 K
Corvex Management Lp	2023-09-30	877.6 K
Macquarie Group Ltd	2023-12-31	826.2 K
Morgan Stanley - Brokerage Accounts	2023-12-31	810.5 K
Antipodes Partners Limited	2023-12-31	791.7 K
Black Creek Investment Management Inc	2023-12-31	776 K
Arnhold & S. Bleichroeder Advisers, Llc	2023-12-31	10 M
Harding Loevner L.p.	2023-12-31	7.5 M

As returns on the market increase, Fomento Economico's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fomento Economico is expected to be smaller as well.

Fomento Fundamentals

	Return On Equity	0.12
	Return On Asset	0.0429
	Profit Margin	0.09 %
	Operating Margin	0.01 %
	Current Valuation	532 B
	Shares Outstanding	1.79 B
	Shares Owned By Institutions	34.82 %
	Number Of Shares Shorted	1.08 M
	Price To Earning	22.52 X
	Price To Book	9.65 X
	Price To Sales	0.32 X
	Revenue	702.69 B
	Gross Profit	251.67 B
	EBITDA	91.49 B
	Net Income	33.45 B
	Cash And Equivalents	43.84 B
	Cash Per Share	295.95 X
	Total Debt	232.9 B
	Debt To Equity	0.77 %
	Current Ratio	1.41 X
	Book Value Per Share	84.92 X
	Cash Flow From Operations	60.12 B
	Short Ratio	1.98 X
	Earnings Per Share	1.12 X
	Price To Earnings To Growth	0.38 X
	Target Price	139.41
	Number Of Employees	350 K
	Beta	0.38
	Market Capitalization	208.22 B
	Total Asset	805.84 B
	Retained Earnings	304.65 B
	Working Capital	52.6 B
	Current Asset	5.02 B
	Current Liabilities	3.78 B
	Annual Yield	0.02 %
	Five Year Return	1.73 %
	Net Asset	805.84 B
	Last Dividend Paid	4.4

About Fomento Economico Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Fomento Economico Mexicano's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fomento Economico using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fomento Economico Mexicano based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Fomento Economico Investors Sentiment

The influence of Fomento Economico's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Fomento. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Fomento Economico's public news can be used to forecast risks associated with an investment in Fomento. The trend in average sentiment can be used to explain how an investor holding Fomento can time the market purely based on public headlines and social activities around Fomento Economico Mexicano. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Fomento Economico's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Fomento Economico's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Fomento Economico's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Fomento Economico.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fomento Economico in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fomento Economico's short interest history, or implied volatility extrapolated from Fomento Economico options trading.

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When determining whether Fomento Economico offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fomento Economico's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fomento Economico Mexicano Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fomento Economico Mexicano Stock:

How To Invest In Fomento

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Is Fomento Stock a good investment?

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What is Fomento Economico's Net Worth?

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Largest Food, Beverage & Tobacco Companies

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Largest Consumer Defensive Companies

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Check out Fomento Economico Piotroski F Score and Fomento Economico Altman Z Score analysis.

You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for Fomento Stock analysis

When running Fomento Economico's price analysis, check to measure Fomento Economico's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fomento Economico is operating at the current time. Most of Fomento Economico's value examination focuses on studying past and present price action to predict the probability of Fomento Economico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fomento Economico's price. Additionally, you may evaluate how the addition of Fomento Economico to your portfolios can decrease your overall portfolio volatility.

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Is Fomento Economico's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fomento Economico. If investors know Fomento will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fomento Economico listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.56)

Dividend Share

4.397

Earnings Share

1.12

Revenue Per Share

2 K

Quarterly Revenue Growth

0.124

The market value of Fomento Economico is measured differently than its book value, which is the value of Fomento that is recorded on the company's balance sheet. Investors also form their own opinion of Fomento Economico's value that differs from its market value or its book value, called intrinsic value, which is Fomento Economico's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fomento Economico's market value can be influenced by many factors that don't directly affect Fomento Economico's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Fomento Economico's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fomento Economico is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fomento Economico's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Fomento Economico Mexicano Stock Beta

Fomento Economico Mexicano Company Beta Analysis

Beta

Covariance

Variance

Current Fomento Economico Beta

Fomento Beta Driver Correlations

Fomento Beta Peer Comparison

Fomento Economico Current Valuation Drivers

Fomento Economico Institutional Holders

Fomento Fundamentals

About Fomento Economico Fundamental Analysis

Fomento Economico Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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