BF.A vs. FMX: Brown-Forman vs. Fomento Económico Mexicano Stock Comparison
How do Brown-Forman (BF.A) and Fomento Económico Mexicano (FMX) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Brown-Forman (BF.A) and Fomento Económico Mexicano (FMX) both belong to the Beverages industry, though BF.A is classified under Distillers & Vintners while FMX falls under Soft Drinks & Non-alcoholic Beverages.
Brown-Forman (BF.A) trades as ordinary local shares, while Fomento Económico Mexicano (FMX) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | BF.A | FMX |
|---|---|---|
| Name | Brown-Forman Corporation Class A Common Stock | Fomento Economico Mexicano S.A.B. de C.V. ADR |
| Country/Region | United States | Mexico |
| GICS Sector | Consumer Staples | Consumer Staples |
| GICS Industry Group | Food, Beverage & Tobacco | Food, Beverage & Tobacco |
| GICS Industry | Beverages | Beverages |
| GICS Sub-Industry | Distillers & Vintners | Soft Drinks & Non-alcoholic Beverages |
| Market Capitalization | 14.44 billion USD | 44.24 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | May 3, 1973 | May 11, 1998 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BF.A | FMX |
|---|---|---|
| Total Return (1Y) | 21.31% | 42.35% |
| Total Return (3Y, Annualized) | -17.39% | 7.41% |
| Total Return (5Y, Annualized) | -12.15% | 13.51% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BF.A | FMX |
|---|---|---|
| Volatility (1Y, Annualized) | 38.10% | 24.53% |
| Beta (5Y) | 0.26 | 0.41 |
| Max Drawdown (5Y) | -67.09% | -41.28% |
| Avg. Volume (3M) | 138.95K | 526.12K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BF.A | FMX |
|---|---|---|
| Sharpe Ratio (1Y) | 0.45 | 1.55 |
| Sortino Ratio (1Y) | 0.68 | 2.44 |
Profitability
ROE (TTM)
Brown-Forman (BF.A) at 18.12% sits in the top ROE quartile, while Fomento Económico Mexicano (FMX) at 14.96% is closer to the peer norm — stronger capital efficiency for BF.A.
BF.A
Food, Beverage & Tobacco industry group
18.12%
- Max
- 32.02%
- BF.A
- 18.12%
- Q3
- 16.61%
- Median
- 10.05%
- Q1
- 4.10%
- Min
- -10.50%
FMX
Food, Beverage & Tobacco industry group
14.96%
- Max
- 32.02%
- Q3
- 16.61%
- FMX
- 14.96%
- Median
- 10.05%
- Q1
- 4.10%
- Min
- -10.50%
Net Margin (TTM)
Brown-Forman (BF.A) at 18.42% retains a top-quartile share of revenue as profit, ahead of Fomento Económico Mexicano (FMX) at 3.99%, which keeps about the industry-typical share.
BF.A
Food, Beverage & Tobacco industry group
18.42%
- Max
- 24.83%
- BF.A
- 18.42%
- Q3
- 11.22%
- Median
- 5.94%
- Q1
- 2.05%
- Min
- -11.49%
FMX
Food, Beverage & Tobacco industry group
3.99%
- Max
- 24.83%
- Q3
- 11.22%
- Median
- 5.94%
- FMX
- 3.99%
- Q1
- 2.05%
- Min
- -11.49%
Operating Margin (TTM)
Brown-Forman (BF.A) at 27.55% operates in the top operating margin quartile, ahead of Fomento Económico Mexicano (FMX) at 8.17%, which runs around its industry’s norm.
BF.A
Food, Beverage & Tobacco industry group
27.55%
- Max
- 34.91%
- BF.A
- 27.55%
- Q3
- 17.57%
- Median
- 11.06%
- Q1
- 4.15%
- Min
- -15.06%
FMX
Food, Beverage & Tobacco industry group
8.17%
- Max
- 34.91%
- Q3
- 17.57%
- Median
- 11.06%
- FMX
- 8.17%
- Q1
- 4.15%
- Min
- -15.06%
Profitability Metrics
| Metric | BF.A | FMX |
|---|---|---|
| ROE (TTM) | 18.12% | 14.96% |
| ROA (TTM) | 8.63% | 6.56% |
| Net Margin (TTM) | 18.42% | 3.99% |
| Operating Margin (TTM) | 27.55% | 8.17% |
| Gross Margin (TTM) | 60.66% | 40.49% |
Growth
Revenue Growth
Both Brown-Forman (BF.A) at -1.18% and Fomento Económico Mexicano (FMX) at 7.60% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Brown-Forman (BF.A) at -16.85% is around its peer norm for EPS growth, while Fomento Económico Mexicano (FMX) at -49.50% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | BF.A | FMX |
|---|---|---|
| Revenue Growth (YoY) | -1.18% | 7.60% |
| Revenue Growth (3Y CAGR) | -2.42% | 12.10% |
| EPS Growth (YoY) | -16.85% | -49.50% |
| EPS Growth (3Y CAGR) | -2.09% | -6.47% |
Financial Strength
Current Ratio (MRQ)
Fomento Económico Mexicano (FMX) at 1.15 keeps current ratio within its industry’s typical mid-range, while Brown-Forman (BF.A) at 3.26 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
BF.A
Food, Beverage & Tobacco industry group
3.26
- Max
- 4.01
- BF.A
- 3.26
- Q3
- 2.35
- Median
- 1.53
- Q1
- 1.02
- Min
- 0.33
FMX
Food, Beverage & Tobacco industry group
1.15
- Max
- 4.01
- Q3
- 2.35
- Median
- 1.53
- FMX
- 1.15
- Q1
- 1.02
- Min
- 0.33
Debt / Equity (MRQ)
Both Brown-Forman (BF.A) at 0.62 and Fomento Económico Mexicano (FMX) at 0.82 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
BF.A
Food, Beverage & Tobacco industry group
0.62
- Max
- 2.19
- Q3
- 1.11
- Median
- 0.68
- BF.A
- 0.62
- Q1
- 0.33
- Min
- 0.00
FMX
Food, Beverage & Tobacco industry group
0.82
- Max
- 2.19
- Q3
- 1.11
- FMX
- 0.82
- Median
- 0.68
- Q1
- 0.33
- Min
- 0.00
Financial Strength Metrics
| Metric | BF.A | FMX |
|---|---|---|
| Current Ratio (MRQ) | 3.26 | 1.15 |
| Debt / Equity (MRQ) | 0.62 | 0.82 |
| Net Debt / EBITDA | 1.80 | 1.34 |
Dividends
Dividend Yield (TTM)
Fomento Económico Mexicano (FMX) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Brown-Forman (BF.A) reports a yield of 2.89%, ranking against industry peers normally.
BF.A
Food, Beverage & Tobacco industry group
2.89%
- Max
- 9.38%
- Q3
- 3.77%
- BF.A
- 2.89%
- Median
- 1.76%
- Q1
- 0.00%
- Min
- 0.00%
FMX
Food, Beverage & Tobacco industry group
0.00%
- Max
- 9.38%
- Q3
- 3.77%
- Median
- 1.76%
- FMX
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Brown-Forman (BF.A) at 59.32% and Fomento Económico Mexicano (FMX) at 39.05% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
BF.A
Food, Beverage & Tobacco industry group
59.32%
- Max
- 199.19%
- Q3
- 81.03%
- BF.A
- 59.32%
- Median
- 41.52%
- Q1
- 0.00%
- Min
- 0.00%
FMX
Food, Beverage & Tobacco industry group
39.05%
- Max
- 199.19%
- Q3
- 81.03%
- Median
- 41.52%
- FMX
- 39.05%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | BF.A | FMX |
|---|---|---|
| Dividend Yield (TTM) | 2.89% | 0.00% |
| Dividend Payout Ratio (TTM) | 59.32% | 39.05% |
Valuation
P/E Ratio (TTM)
Fomento Económico Mexicano (FMX) at 8.40 sits in the cheaper P/E ratio quartile, while Brown-Forman (BF.A) at 20.30 is closer to its industry’s usual earnings multiple — a discount for FMX, though growth and earnings durability still matter.
BF.A
Food, Beverage & Tobacco industry group
20.30
- Max
- 52.52
- Q3
- 30.78
- BF.A
- 20.30
- Median
- 18.76
- Q1
- 12.77
- Min
- 4.72
FMX
Food, Beverage & Tobacco industry group
8.40
- Max
- 52.52
- Q3
- 30.78
- Median
- 18.76
- Q1
- 12.77
- FMX
- 8.40
- Min
- 4.72
P/S Ratio (TTM)
Fomento Económico Mexicano (FMX) at 0.05 looks cheap on sales in the lower P/S ratio quartile, while Brown-Forman (BF.A) at 3.69 looks rich in the upper quartile — a clear gap in price per dollar of revenue.
BF.A
Food, Beverage & Tobacco industry group
3.69
- Max
- 4.64
- BF.A
- 3.69
- Q3
- 2.27
- Median
- 1.17
- Q1
- 0.52
- Min
- 0.00
FMX
Food, Beverage & Tobacco industry group
0.05
- Max
- 4.64
- Q3
- 2.27
- Median
- 1.17
- Q1
- 0.52
- FMX
- 0.05
- Min
- 0.00
P/B Ratio (MRQ)
Both Brown-Forman (BF.A) at 3.64 and Fomento Económico Mexicano (FMX) at 3.71 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.
BF.A
Food, Beverage & Tobacco industry group
3.64
- Max
- 6.35
- BF.A
- 3.64
- Q3
- 3.07
- Median
- 1.58
- Q1
- 0.82
- Min
- 0.00
FMX
Food, Beverage & Tobacco industry group
3.71
- Max
- 6.35
- FMX
- 3.71
- Q3
- 3.07
- Median
- 1.58
- Q1
- 0.82
- Min
- 0.00
Valuation Metrics
| Metric | BF.A | FMX |
|---|---|---|
| P/E Ratio (TTM) | 20.30 | 8.40 |
| P/S Ratio (TTM) | 3.69 | 0.05 |
| P/B Ratio (MRQ) | 3.64 | 3.71 |
| Free Cash Flow Yield (TTM) | 4.75% | 200.25% |