Fomento Economico Mexicano SAB de CV ADR
FMX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$811.00 | Fxtsgt | Hnhhlgxrq |
Femsa Prudently Invests for Growth in Convenience Format and Beverage Distribution
Business Strategy and Outlook
We award a narrow economic moat rating to Femsa based on the intangible assets and cost advantages at major subsidiaries Coca-Cola Femsa and the Oxxo small-format retail chain, which jointly made up 70% of 2022 revenue and around 75% of pretax profits.