Fomento Economico Mexicano SAB de CV logo

Fomento Economico Mexicano SAB de CV

$ 83.43 -1.79 (-2.1%) 11:08 PM EST
P/E:
21.22
P/B:
4.70
Market Cap:
$ 29.85B
Enterprise V:
$ 31.83B
Volume:
437.97K
Avg Vol (2M):
539.37K
Also Trade In:
Volume:
437.97K
Market Cap $:
29.85B
PE Ratio:
21.22
Avg Vol (2-Month):
539.37K
Enterprise Value $:
31.83B
PB Ratio:
4.70

Business Description

Description
Based in Mexico, Femsa is a conglomerate with controlling interests in four entities: publicly traded Coca-Cola Femsa (47% economic interest and 56% voting interest), Femsa Comercio, logistics and distribution, and CB Equity. The latter has a roughly 15% stake in Heineken, while Comercio operates through three business units: proximity, which contains Oxxo, the largest small-format chain in the Americas, with convenience stores in Mexico and South America (including Brazil through a joint venture with Raizen); health, which operates pharmacies across a geographic footprint like Oxxo; and fuel, which operates retail service stations under franchisee arrangements in Mexico. Femsa is also building logistics services and specialized distribution in the United States.