Fomento Economico Mexicano SAB de CV

Fomento Economico Mexicano SAB de CV

Fomento Economico Mexicano SAB de CV

Overview
Date Founded

1936

Headquarters

General Anaya 601 Poniente,Colonia Bella Vista,Monterrey, Nuevo Leon 64410

Type of Company

Public

Employees (Worldwide)

242K

Industries

Beverages
Wholesale: Consumer Non-Durables/Sundries
Internet Software & Services

Company Description

Fomento Economico Mexicano SAB de CV operates as a holding company, which engages in the production, distribution, and marketing of beverages. The firm also produces, markets, sells, and distributes Coca-Cola trademark beverages, including sparkling beverages. It operates through the following segments: Coca-Cola FEMSA; FEMSA-Comercio Proximity Division; FEMSA-Comercio Health Division; FEMSA-Comercio Fuel Division; Heineken Investment; and Other. The Coca-Cola FEMSA segment produces, markets, sells, and distributes Coca-Cola trademark beverages through standard bottler agreements in the territories where it operates. The FEMSA-Comercio Proximity Division segment operates a chain of small-format stores in Mexico. The FEMSA-Comercio Health Division segment involves drugstores and related operations. The FEMSA-Comercio Fuel Division segment deals with retail service stations for fuels, motor oils, and other car care products. The Heineken Investment segment invests in Heineken and distributes beer in a large number of countries. The Other segment involves other companies and corporate activities. The company was founded by Isaac Garza, José Calderón, José A. Muguerza, Francisco G. Sada, and Joseph M. Schnaider in 1890 and is headquartered in Monterrey, Mexico.

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Executives & Employees

Chief Executive Officer

Chief Executive Officer

Secretary, Director of Legal Affairs

Chief Corporate Officer

President, Administration & Corporate Control

Chief Executive Officer of Coca-Cola FEMSA

Chief Executive Officer of FEMSA Comercio

Vice President, Strategic Business

Vice President of Corporate Affairs

Investor Relations Officer

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Fomento Economico Mexicano SAB de CV
Owners & Shareholders
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CIA investigates company fundamentals, historical valuation relationships, interest rate trends, and economic trends in order to make investment decisions. The firm prefers to pay low prices for assets as compared to the return that they believe those assets are able to generate.

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FEIM is a global, value-oriented investment manager that seeks to produce consistent absolute returns over the long-term without regard for industry benchmarks. They construct well-diversified portfolios through cautious security selection with an emphasis on risk aversion. FEIM focuses on investments with a substantial margin of safety, healthy balance sheets and clear business models. They employ bottom-up security analysis that is independent of broad market conditions or industry trends and focuses on downside protection. FEIM currently manages the following primary investment strategies: Global Value and International Value, High Yield, Gold, US Value, and Global Income Builder.

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CAM is an active, fundamental research-based manager with a long term-driven investment approach. Their investment expertise extends across asset classes and geographies, with an emphasis on equities and multi-asset funds in global emerging and frontier markets. They aim to identify mispriced assets trading at discounts to their long-term business value (fair value). Their focus is on through-the-cycle normalized earnings or cash flow. CAM uses bottom-up stock selection approach with a disciplined evaluation of company fair value based on extensive fundamental research. They buy shares at significant discounts to their assessment of long-term fair value and sell them as they approach fair value.

Recent Transactions
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Fomento Economico Mexicano SAB de CV purchases Socofar SA

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Fomento Economico Mexicano SAB de CV purchases Jetro Holdings LLC from Leonard Green & Partners LP, CCMP Capital Advisors LLC

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Fomento Economico Mexicano SAB de CV, Socofar SA purchase Corporacion Grupo Fybeca SA

Transaction Advisors
Investment Advisor

Advised onCoca-Cola FEMSA SAB de CV, Fomento Economico Mexicano SAB de CV purchase Panamerican Beverages, Inc.

Investment Advisor

Advised onFomento Economico Mexicano SAB de CV purchases Socofar SA

Legal Advisor

Advised onCoca-Cola FEMSA SAB de CV, Fomento Economico Mexicano SAB de CV purchase Panamerican Beverages, Inc.

Advisors & Consultants
Legal Advisor

Partner at Cleary Gottlieb Steen & Hamilton LLP

Legal Advisor

Partner at King & Spalding LLP

Legal Advisor

Partner at Quinn Emanuel Urquhart & Sullivan LLP

Clients

Heineken Holding NV engages in the management and supervision of the Heineken group, and production and distribution of beer and other beverage products. It operates through the following segments: Europe, Americas, Africa, Middle East and Eastern Europe, Asia Pacific, and Heineken N.V. Head Office and Other/eliminations. It offers its products under the brand names Heineken, Amstel, Anchor, Biere Larue, Bintang, Birra Moretti, Cruzcampo, Desperados, Dos Equis, Foster's, Newcastle Brown Ale, Ochota, Primus, Sagres, Sol, Star, Strongbow, Tecate, Tiger and Zywiec. The company was founded on March 27, 1952 and is headquartered in Amsterdam, Netherlands.

Nuvei Corp. engages in the provision of global payment solutions. The firm is a single source provider for mobile commerce and eCommerce payments technology. Its services include payment gateways, security and risk management, recurring and subscription billing, multi-currency pricing, dynamic currency conversion, and ACH payment processing services. The company was founded by Philip Fayer on September 1, 2017 and is headquartered in Montreal, Canada.

Heineken NV engages in the manufacture and distribution of alcoholic and non-alcoholic beverages. The firm operates through the following segments: Africa, Middle East and Eastern Europe; Americas; Asia Pacific; Europe; Head Officer and Other or Eliminations. It offers products under the Heineken, Amstel, Desperados, Sol, Tiger, Birra Moretti, Affligem, Lagunitas, Mort Subite, Strongbow Apple Ciders, Orchard Thieves, Stassen, Bulmers, Old Mout and Blind Pig brands. The company was founded by Gerard Adriaan Heineken on February 15, 1864 and is headquartered in Amsterdam, the Netherlands.

Key Stats and Financials As of 2019
Market Capitalization
$27.2B
Total Enterprise Value
$41.6B
Earnings Per Share
$0.29
EBITDAMargin
14.66%
Enterprise Value / Sales
1.62x
Enterprise Value EBITDAOperating
11.02x
Debt TEV
0.22x
TEVNet Income
39.57x
Three Year Compounded Annual Growth Rate Of Revenue
8.25%
Revenue
$25.7B
Net Profit
$1.05B
EBITDA
$3.77B
Total Equity
$16.5B
Total Debt
$9.34B
Investments
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Mareña Renovables Holdings SAPI de CV develops, owns, and operates wind energy projects. The company is headquartered in Mexico City, Mexico.

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Grupo Conektame, S.A. de C.V. is a Mexican company located in Mexico City. The firm provides product catalog, shopping cart, control sales, shipments and web hosting services. It was founded by Leo Fischer, Cristina Randall and Hector Cardenas. Hector Cardenas is currently the CEO of the company.

Investors
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Owner at Ki Corporation

Suppliers
Archer Daniels Midland Co. Agriculture & Mills | Chicago, Illinois

Archer-Daniels-Midland Co. processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals. The Carbohydrate Solutions segment engages in corn wet milling and dry milling activities; and also converts corn into sweeteners, starches, and bioproducts. The Nutrition segment provides customer needs for food, beverages, health and wellness, and more. Archer-Daniels-Midland was founded in 1902 and is headquartered in Chicago, IL.

The Coca-Cola Company Food | Atlanta, GA

The Coca-Cola Co. is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew. It operates through the following segments: Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Global Ventures. The company was founded by Asa Griggs Candler in 1886 and is headquartered in Atlanta, GA.

Ingredion, Inc. Industrial Machinery & Manufacturing | Westchester, Illinois

Corn Products has changed its name to Ingredion to better reflect the ingredients we supply and the markets we serve. What has not changed is our commitment to supplying our customers with quality, innovative ingredient solutions that are on-trend and in demand. Headquartered in the Chicago suburb of Westchester, Illinois, Ingredion Incorporated is one of the world’s leading ingredient solutions providers; we turn corn, tapioca, wheat, potatoes and other raw materials into a myriad of ingredients for the food, beverage, brewing and pharmaceutical industries as well as numerous industrial sectors. With more than 10,000 employees around the world, we serve customers in more than 60 diverse markets in over 40 countries. In 2011, our net sales reached $6.2 billion - a growth of 42% over 2010. Through strategic acquisitions, organic growth, and innovative research and development, we are providing unique product offerings to growing markets. Our starches, sweeteners, texturants and nutritionals are used by our customers to provide everything from sweetness, taste and texture to immune system support, fat replacement and adhesive strength. We make foods and beverages taste better, baby powders and cosmetics smooth to the touch, cereals and crackers crisper, breads brown evenly, IV solutions for patients in need, ingredients for the pharmaceutical industry, and much more. Our regional businesses, staffed by experts who understand the unique needs of their specific markets, are supported by a global network of engineering and ingredient development centers. Our geographic footprint and diverse organization give us the capability to deliver solutions on a global scale and the agility to meet the needs of local markets. Finally, our name may have changed, but our company values have not. We remain committed as ever to our core values of Safety, Quality, Integrity, Respect, Excellence and Innovation. As you explore our website and talk to our people, you will find our legacy as one of the world’s largest ingredient suppliers with over 100 years of experience remains steadfast and growing for the next century and beyond

Competitors
Seven & I Holdings Co., Ltd. Retail: Other - Tokyo, Japan

Seven & i Holdings Co., Ltd. engages in the planning, management, and operation of its group companies. It operates through the following segments: Domestic Convenience Store, Oversea Convenience Store, Superstore Operations, Department Store Operations, Financial Services, Specialty store, and Others. The Domestic Convenience Store segment operates directly managed and franchised stores under the name of 7-Eleven in Japan. The Oversea Convenience Store segment operates directly managed and franchised stores under the name of 7-Eleven in oversea. The Superstore Operations segment manages supermarkets and specialty shops. The Department Store Operations segment includes department store business, which mainly centers on Sogo and Seibu Co., Ltd. The Financial Services segment deals with bank, credit card, lease, and other businesses. The Specialty store segment engages in the retail business that provides distinctive products and services. The Others segment includes information technology business and other services. The company was founded in 1920 and is headquartered in Tokyo, Japan.

PepsiCo, Inc. Beverages - Purchase, NY

PepsiCo, Inc. engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; North America Beverages; Latin America; Europe Sub-Saharan Africa; and Asia, Middle East, and North Africa. The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay's, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands. The Quaker Foods North America segment includes cereals, rice, and pasta under the Quaker, Aunt Jemima, Quaker Chewy, Cap'n Crunch, Life, and Rice-A-Roni brands. The North America Beverages segment consists of beverage concentrates, fountain syrups, and finished goods under various beverage brands such as Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Diet Mountain Dew, Tropicana Pure Premium, Sierra Mist, and Mug. The Latin America segment covers beverage, food, and snack businesses in Latin America region. The Europe Sub-Saharan Africa segment comprises of beverage, food, and snack goods in Europe and Sub-Saharan Africa regions. The Asia, Middle East, and North Africa segment offers snack food products under the Lay's, Kurkure, Chipsy, Doritos, Cheetos, and Crunchy brands. The company was founded by Donald M. Kendall, Sr. and Herman W. Lay in 1965 and is headquartered in Purchase, NY.

Walgreens Boots Alliance, Inc. Retail: Drug Stores - Deerfield, IL

Walgreens Boots Alliance, Inc. engages in the provision of drug store services. It operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment consists of the Walgreens business, which includes the operation of retail drugstores, health and wellness services, and mail and central specialty pharmacy services. The Retail Pharmacy International segment consists of pharmacy-led health and beauty retail businesses and optical practices. The Pharmaceutical Wholesale segment consists of the Alliance Healthcare pharmaceutical wholesaling and distribution businesses and an equity method investment in AmerisourceBergen. The company was founded in 1901 and is headquartered in Deerfield, IL.

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