FMX · NYSE · STOCK
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Stock Analysis
$119.15
52W $90.87 – $141.47
59/100
$40.62B
21.5
0.18
Is FMX Bullish or Bearish?
Bullish.
Innellis AI committee rates Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Buy with a composite score of 59/100
, based on 5 analysts with 80% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +15.83 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -4.17 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- EPS growing 64.2% YoY — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- MACD histogram positive -- bullish momentum — Technical
Bear Case
- 4 consecutive earnings misses -- execution concerns — Growth
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
59/100
Agreement
80%
Analysts
5
Conviction
High
Sector Rank
Top 33%
of 72 Consumer Defensive peers
Value Analyst
neutral
58
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
Growth Analyst
neutral
58
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ EPS growing 64.2% YoY
− 4 consecutive earnings misses -- execution concerns
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 57.2 to 59.2.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Technical Analyst: score 48->58 (+10); +1 bullish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
56.6
Neutral
MACD Histogram
0.130
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Lh Ll
Support
$117.34
Resistance
$134.76
Bollinger %B
0.53
Inside Bands
Price vs Moving Averages
EMA 9
$118.04
Above
EMA 21
$118.60
Above
EMA 50
$120.04
Below
EMA 200
$116.23
Above
Fundamental Analysis
Valuation
81
Growth
31
Profitability
33
Financial Health
47
Cash Flow
70
Valuation
P/E Ratio
21.5×
P/B Ratio
3.43×
PEG Ratio
0.21
Dividend Yield
6.27%
52W High
$141.47
52W Low
$90.87
Quality & Growth
ROE
793.2%
ROA
244.2%
Gross Margin
4050.7%
Operating Margin
850.1%
Revenue Growth YoY
—
Debt / Equity
1.17
AI Fundamental Assessment
P/E ratio of 21.5 (inexpensive relative to a 15-40x range); Price-to-book of 3.4x; PEG ratio of 0.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 7.9%; Return on assets of 2.4%; Net margin of 3.6%; Gross margin of 40.5%; Current ratio of 1.14 (tight short-term liquidity); Debt-to-equity of 1.17; Free cash flow per share is positive (207.09); Most recent quarter missed estimates by 11.5%; 4 consecutive earnings misses; EPS growth accelerating (-65.4% -> +108.2% QoQ); Analyst estimates falling over recent quarters
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