
FEMSA operates proximity retail (notably Oxxo), Coca-Cola FEMSA as an associate, and logistics/health businesses across Mexico and LatAm.
Sector: Beverages & retail
MX_FEMSA
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/FEMSAUBD.MX
Monetary columns are in B MXN, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueB MXN | Operating profitB MXN | D&AB MXN | EBITDAB MXN | Net profitB MXN | Operating CFB MXN | Capex + M&AB MXN | AssetsB MXN | EquityB MXN | ROE (annualized) | Net debtB MXN | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | OK | — y/y 9.3% | — y/y 7.2% | — y/y — | — y/y 21.5% | — y/y 104.2% | — | — | 802.6 y/y -3.4% | 216.6 y/y -10.3% | 10.4% | 34.8 | Link |
| 2026-03-31 | Q1 2026 (3M) | PARTIAL | — y/y 6.1% | — y/y 5.5% | — y/y 7.0% | — y/y 6.2% | — y/y 155.4% | — | — | 801.3 y/y -6.4% | 209.9 y/y -46.4% | 24.3% | 37.1 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | — y/y — | — y/y — | — y/y 14.5% | — y/y — | — y/y — | — | — | 795.9 y/y -6.5% | 278.1 y/y -6.5% | 7.4% | 39.7 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | — | — | 808.0 y/y — | 243.8 y/y — | 1.3% | 24.5 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | — | — | 831.0 y/y — | 241.4 y/y — | 3.4% | 25.7 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | — y/y 9.9% | — y/y -8.1% | — y/y 14.1% | — y/y 1.0% | — y/y -1.3% | — | — | 855.9 y/y 7.3% | 391.8 y/y 12.8% | 6.7% | 152.3 | Report (PDF) |
| 2024-12-31 | FY 2024 (12M) | OK | — y/y 11.2% | — y/y 22.8% | — y/y 10.4% | — y/y 18.3% | — y/y -59.3% | — | — | 851.5 y/y 5.7% | 297.5 y/y -2.1% | 8.3% | 1.6 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | — | — | 797.6 y/y — | 347.4 y/y — | 7.2% | 87.9 | Report (PDF) |
| 2023-12-31 | Q4 2023 (3M) | ERR | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | — | — | 805.9 y/y — | 303.9 y/y — | 19.3% | -13.1 | Report (PDF) |
| 2023-09-30 | Q3 2023 (3M) | OK | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | — | — | 818.2 y/y — | 375.9 y/y — | — | 150.4 | Report (PDF) |
| Short-term debt (incl. ST leases) | 14 947 |
| Long-term debt (incl. LT leases) | 124 830 |
| − Cash & equivalents | 104 960 |
| Net debt | 34 817 |
|---|
Net debt / LTM EBITDA: 0.4x
Net debt / cash ($ mln)
| year | 2023 | 2024 | 2025 |
|---|---|---|---|
| cash flow / profit | 0.76x | 2.67x | 3.66x |
| accruals, % of assets | 2.0% | -5.3% | -6.5% |
Our earnings breakdowns and investment notes on this issuer.
Value the company creates per year, as a % of market cap
Value created per year: +5.1%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X = — | 1 569 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (825 486 + 34 817) ÷ 114 015 | 7.5x |
| 3. Target multiple (Current EV/EBITDA + 9) ÷ 2 = (7.5 + 9) ÷ 2 | 8.3x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = 115 170 + 0 + 0 − 0 | 29 033 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (1 569 × 8.3 + 29 033) ÷ 825 486 | +5.1% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-10-14 | 3.2029 MXN | Ex-dividend: 3.2029 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2026-07-15 | 3.2029 MXN | Ex-dividend: 3.2029 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2026-04-22 | 3.2029 MXN | Ex-dividend: 3.2029 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2026-01-15 | 3.6728 MXN | Ex-dividend: 3.6728 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2025-10-16 | 3.6728 MXN | Ex-dividend: 3.6728 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2025-07-17 | 3.6728 MXN | Ex-dividend: 3.6728 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2025-04-24 | 3.6728 MXN | Ex-dividend: 3.6728 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2024-04-16 | 11.8746 MXN | Ex-dividend: 11.8746 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2023-05-04 | 3.6644 MXN | Ex-dividend: 3.6644 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2022-05-03 | 1.9319 MXN | Ex-dividend: 1.9319 MXN per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Investor reporting (IR): https://femsa.gcs-web.com/financial-reports/quarterly-results
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Fomento Economico Mexicano (FEMSA) — from primary filings.
See also: Mexican Stocks (2026): Quality Value and the Nearshoring Trade · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map