FMX
Fomento Económico Mexicano, S.A.B. de C.V. Consumer Defensive - Beverages - Brewers Investor Relations →
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) closed at $110.37 as of 2026-02-02, trading 20.1% above its 200-week moving average of $91.92. The stock moved further from the line this week, up from 13.8% last week. With a 14-week RSI of 71, FMX is in overbought territory.
Over the past 1399 weeks of data, FMX has crossed below its 200-week moving average 37 times. On average, these episodes lasted 8 weeks. Historically, investors who bought FMX at the start of these episodes saw an average one-year return of +8.6%.
With a market cap of $38.1 billion, FMX is a large-cap stock. The company generates a free cash flow yield of 107.3%, which is notably high. Return on equity stands at 7.8%. The stock trades at 27.4x book value.
Over the past 26.9 years, a hypothetical investment of $100 in FMX would have grown to $1416, compared to $830 for the S&P 500. That represents an annualized return of 10.3% vs 8.2% for the index — confirming FMX as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -23.3% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: FMX vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After FMX Crosses Below the Line?
Across 37 historical episodes, buying FMX when it crossed below its 200-week moving average produced an average return of +6.9% after 12 months (median +9.0%), compared to +9.5% for the S&P 500 over the same periods. 69% of those episodes were profitable after one year. After 24 months, the average return was +23.7% vs +25.9% for the index.
Each line shows $100 invested at the moment FMX crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
FMX has crossed below its 200-week MA 37 times with an average 1-year return of +8.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2000 | Feb 2001 | 11 | 14.7% | +15.8% | +1566.3% |
| Mar 2001 | Mar 2001 | 2 | 5.3% | +32.1% | +1407.5% |
| Sep 2001 | Dec 2001 | 12 | 22.0% | +14.2% | +1378.8% |
| Jul 2002 | Aug 2002 | 1 | 1.2% | +8.9% | +1284.9% |
| Sep 2002 | Sep 2002 | 2 | 3.7% | +7.9% | +1279.1% |
| Nov 2002 | Nov 2002 | 2 | 5.5% | +3.6% | +1259.1% |
| Dec 2002 | Apr 2003 | 18 | 17.2% | -0.4% | +1248.2% |
| Aug 2003 | Sep 2003 | 5 | 1.9% | +12.0% | +1193.7% |
| Sep 2003 | Jan 2004 | 14 | 7.8% | +20.9% | +1193.0% |
| Oct 2008 | May 2009 | 32 | 37.9% | +65.9% | +467.8% |
| Jun 2009 | Jul 2009 | 4 | 7.0% | +52.9% | +388.6% |
| Dec 2014 | Dec 2014 | 1 | 2.0% | +11.2% | +68.3% |
| Jan 2015 | Feb 2015 | 1 | 2.7% | +15.2% | +67.2% |
| Jul 2015 | Jul 2015 | 1 | 0.9% | +9.6% | +57.1% |
| Aug 2015 | Oct 2015 | 7 | 6.4% | +19.5% | +65.5% |
| Dec 2015 | Dec 2015 | 1 | 0.3% | -11.5% | +51.3% |
| Jan 2016 | Feb 2016 | 6 | 7.0% | -10.3% | +61.5% |
| Mar 2016 | Apr 2016 | 4 | 1.5% | -0.1% | +48.8% |
| May 2016 | Aug 2016 | 14 | 4.8% | +0.4% | +52.3% |
| Aug 2016 | Oct 2016 | 6 | 7.3% | +9.9% | +47.5% |
| Oct 2016 | Mar 2017 | 19 | 17.4% | -4.4% | +50.1% |
| Mar 2017 | Apr 2017 | 1 | 1.2% | +4.9% | +53.3% |
| May 2017 | May 2017 | 1 | 0.1% | +2.7% | +51.7% |
| Oct 2017 | Nov 2017 | 3 | 4.1% | +3.7% | +56.9% |
| Mar 2018 | Mar 2018 | 1 | 1.8% | +6.0% | +52.4% |
| May 2018 | Jul 2018 | 8 | 7.0% | +15.7% | +53.0% |
| Oct 2018 | Dec 2018 | 9 | 6.8% | +3.4% | +51.4% |
| Mar 2019 | Mar 2019 | 1 | 1.8% | -3.1% | +50.8% |
| Jul 2019 | Aug 2019 | 4 | 1.0% | -29.9% | +47.4% |
| Oct 2019 | Nov 2019 | 1 | 0.1% | -38.4% | +46.3% |
| Feb 2020 | May 2021 | 63 | 36.0% | -13.7% | +58.8% |
| Nov 2021 | Jan 2022 | 7 | 11.0% | +9.7% | +67.2% |
| Jan 2022 | Mar 2022 | 7 | 6.4% | +17.4% | +65.1% |
| Apr 2022 | Nov 2022 | 31 | 23.2% | +21.2% | +58.0% |
| Nov 2024 | Nov 2024 | 1 | 1.5% | +14.2% | +32.9% |
| Dec 2024 | Feb 2025 | 9 | 8.9% | +23.3% | +30.6% |
| Aug 2025 | Sep 2025 | 5 | 3.7% | N/A | +27.1% |
| Average | 8 | — | +8.6% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02