FMX vs. MICC: Fomento Económico Mexicano vs. Magnum Ice Cream Stock Comparison

Company Profile

Fomento Económico Mexicano (FMX) and Magnum Ice Cream (MICC) both fall under the Food, Beverage & Tobacco industry group, but FMX is classified in Beverages while MICC is classified in Food Products.

Fomento Económico Mexicano (FMX) has been public since May 11, 1998, giving it decades of market history across multiple cycles, while Magnum Ice Cream (MICC) listed only on December 8, 2025 and lacks comparable through-cycle data.

Magnum Ice Cream (MICC) 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.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Both FMX and MICC need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

Both Fomento Económico Mexicano (FMX) at 14.96% and Magnum Ice Cream (MICC) at 9.64% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

Both Fomento Económico Mexicano (FMX) at 3.99% and Magnum Ice Cream (MICC) at 2.24% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

Both Fomento Económico Mexicano (FMX) at 8.17% and Magnum Ice Cream (MICC) at 12.49% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

Profitability Metrics

Growth

Both Fomento Económico Mexicano (FMX) at 7.60% and Magnum Ice Cream (MICC) at -0.47% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Both Fomento Económico Mexicano (FMX) at -49.50% and Magnum Ice Cream (MICC) at -49.24% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

Growth Metrics

Financial Strength

Fomento Económico Mexicano (FMX) at 1.15 keeps current ratio within its industry’s typical mid-range, while Magnum Ice Cream (MICC) at 1.01 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MICC.

Fomento Económico Mexicano (FMX) at 0.82 is near its industry mid-range for debt-to-equity ratio, while Magnum Ice Cream (MICC) at 3.43 sits above its benchmark range, pointing to a heavier debt load relative to equity.

Financial Strength Metrics

Dividends

Neither Fomento Económico Mexicano (FMX) nor Magnum Ice Cream (MICC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Magnum Ice Cream (MICC) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Fomento Económico Mexicano (FMX) reports a payout of 39.05%, ranking against industry peers normally.

Dividend Metrics

Valuation

Fomento Económico Mexicano (FMX) at 8.40 sits in the cheaper P/E ratio quartile, while Magnum Ice Cream (MICC) at 39.67 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

Fomento Económico Mexicano (FMX) at 0.05 sits in the cheaper P/S ratio quartile while Magnum Ice Cream (MICC) at 1.45 prices around its industry’s middle — FMX costs less per dollar of sales, though read it alongside growth and margins.

Both look rich against book: Fomento Económico Mexicano (FMX) at 3.71 sits in the upper P/B ratio quartile, and Magnum Ice Cream (MICC) at 9.80 prices even higher, above its industry range.

Valuation Metrics