The case for FEMSA

May 12, 2023

Our latest Money Magazine stock insight comes from Mexico and the retail and beverage company FEMSA.

It operates the largest independent Coca-Cola bottling group in the world and the largest Mexican convenience store chain. We like FEMSA because it has an impressive track record of deploying capital into its core business at an attractive rate of return.

It has expanded its existing network of convenience stores from just over 7000 in 2009 to over 21,000 today, a 9% per annum growth. New Oxxo convenience stores generate very high returns on capital of over 30% with fast payback times.

Read the full piece here

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