Friday POW!
Pick of the Week
Key Highlights
Trailing Twelve Months (TTM) revenue of ~1.01 trillion pesos (~$51B USD); P/E of 20.02x trailing, 18x based on 2026 estimates — near multi-year lows
Q4 2025: revenue up 3% to 282.85B pesos; net profit 14.60B pesos, down 3.9% — missed estimates, stock pulled back
Full-year 2025: consistent market share gains across every quarter; nine + consecutive periods beating ANTAD industry benchmark
E-commerce GMV (Gross Merchandise Value) growing 14-19% year-over-year; $6B earmarked for network and digital expansion
1,500 new stores targeted over five years; 188 opened in the last 12 months alone
USMCA (United States-Mexico-Canada Agreement) supply chain shift from 80% to 60% Chinese sourcing since 2018; targeting 83% domestic sourcing
2.91% dividend yield; 20%+ return on invested capital; clean balance sheet
Analyst consensus: average price target MX (i.e., peso) $66.32, range MX$54-81; seven Buy, two Sell
Walmart de México, known as Walmex, is the dominant retail franchise in Mexico and Central America, with 2,600+ stores across six formats, 32.5% market share in Mexican organized retail, and the infrastructure backbone of consumer staples spending for a country of 130 million people.
