Fomento Economico Mexicano SAB de CV ADR
FMX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$197.00 | Jygqx | Nyqyvlcj |
Narrow-Moat Femsa Closes 2021 on Positive Note as Pandemic Effects Fade; Shares Attractive
Diminishing impact from the pandemic in Latin America benefited Femsa in the fourth quarter of 2021, allowing it to achieve full-year revenue above our forecast. On the basis of its results and momentum, we expect to lift our fair value estimate of $92 per ADR by a low-single-digit percentage; we view the shares as undervalued.