WallStSmart
FMX

Fomento Economico Mexicano

NYSE: FMX · CONSUMER DEFENSIVE · BEVERAGES - BREWERS

$112.01
-1.47% today

Updated 2026-04-29

Market cap
$38.16B
P/E ratio
42.75
P/S ratio
0.05x
EPS (TTM)
$2.62
Dividend yield
6.00%
52W range
$78 – $117
Volume
0.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Fomento Economico Mexicano (FMX) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$112.01
Consensus
$110.67
-1.20%
2030 Target
$43,899.52
+39092.50%
DCF
—
—
7 analysts:
4 Buy3 Hold0 Sell

Management guidance

CEO Jose Antonio Fernandez Garza-Laguera highlighted strong performance from OXXO and Coca-Cola FEMSA in Q4 2025 earnings, emphasizing a diversified platform strategy and efficiency gains through 2027. No specific revenue targets for 2026-2030 were disclosed; management cited restructuring efforts to streamline operations and optimize digital strategy without quantifying future revenue levels.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$73,158.22
$1264.0B Rev × 20x P/S
Base case (2030)
$43,899.52
$1264.0B Rev × 12x P/S
Bear case (2030)
$29,270.17
$1264.0B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$685.7B$890.1B$46.6B$926.8B$1003.5B$1083.8B$1170.6B$1264.0B
Revenue growth—29.8%-94.8%10.2%8.3%8.0%8.0%8.0%
EPS$4.11$5.33$27.10$9.48$10.72$11.85$13.10$14.50
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$32,184.57$34,846.54$37,634.72$40,652.38$43,899.52

Catalysts & risks

Growth catalysts
+ OXXO expansion in USA (Texas stores conversion, brand acceleration)
+ OXXO Brazil 100% ownership assumption driving consolidated growth
+ Coca-Cola FEMSA volume growth and pricing power recovery post-tax pressures
+ Proximity Americas (logistics/distribution) synergy realization
+ $300M share repurchase program completion (Q2 2026) supporting EPS
+ Corporate restructuring efficiency gains materializing through 2027
Key risks
- Mexican tax policy headwinds and regulatory changes impacting profitability
- Currency fluctuations (MXN weakness) pressuring USD-reported revenues
- Consumer spending softness in Mexico affecting OXXO traffic and transactions
- Fintech startup scaled back due to competitive challenges in Mexico's financial sector
- Security/violence concerns affecting store operations (hundreds of OXXO closures reported)
- Competition in retail convenience and beverage distribution markets

Methodology

Fomento Economico Mexicano's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 7 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.