Covering the Mexican Economy, Actinver Research

Actinver

Our product offering is based on award winning forecasts and a deep understanding of artificial intelligence tools. 
We cover the Mexican economy with in-depth sector and state knowledge, as well as the integration with the U.S., providing high added value studies. 
To provide comprehensive coverage, we analyze the main macroeconomic variables, sectors, indexes and market information. 
Through solid statistical and computational tools we generate targeted investment strategies for clients with advanced investment profiles such as pension funds, hedge funds and others.

Covering the Mexican Economy

Actinver Research

Actinver is a mexican leading financial group, that generates well being for individuals and companies through advisory services that provides investment management to maintain and grow their wealth.

Thematic (Sector/Industry)

Mexico Financials / Thematic (Sector/Industry)

Fomento Economico Mexica-Ubd (FEMSAUBD MM)

<ul>
<li>While we previously had a cautious view on the Consumer sector, results were slightly better than expected (in line vs. our estimates in terms of sales and on a median basis, and slightly outperforming at the EBITDA level).</li>
<li>In our 4Q25 Preview (link here) we mostly lowered our PTs for the sector, and expected flattish margins overall.</li>
<li>Nonetheless, while FX headwinds increased and the soft consumer environment persists, our covered Consumer companies managed to keep mostly resilient numbers. </li>
</ul>


While we previously had a cautious view on the Consumer sector, results were slightly better than expected (in line vs. our estimates in terms of sales and on a median basis, and slightly outperforming at the EBITDA level).
In our 4Q25 Preview (link here) we mostly lowered our PTs for the sector, and expected flattish margins overall.
Nonetheless, while FX headwinds increased and the soft consumer environment persists, our covered Consumer companies managed to keep mostly resilient numbers. 


Wal-Mart de Mexico SAB de CV (WALMEX* MM EQUITY)

Actinver Research - Consumer Post 4Q25 Update