For informational purposes only. Not investment advice.
What the Corporate Default template measures
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Pricing Power
Score 74
· 20% of the moat score
Pricing power is the ability to raise prices without losing volume. In an ordinary operating company it shows up as gross and operating margins that sit above the industry and stay there year after year — a competitor who can be undercut loses margin first. A company whose margin holds through a period of cost inflation is charging for something its customers cannot easily buy elsewhere.
Cost Advantage
Score 67
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process. It is the mirror image of pricing power: the company earns a wider margin at the same price rather than a higher price at the same cost. It counts as a moat only when it comes from a structural asset, not from a round of cost-cutting a rival could repeat.
Customer Stickiness
Score 70
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year. It comes from switching costs, contracts, habit, or integration into the customer's own operations. In the financials it appears as revenue and cash flow that vary far less than the end market does — a business customers leave easily has cash flows that move with the cycle.
Capital Efficiency
Score 67
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business. A return on invested capital that stays comfortably above the cost of that capital is the clearest evidence a moat exists at all: in a genuinely competitive market, excess returns attract entrants and get competed away. Returns that persist for years suggest something is keeping those entrants out.
Resilience
Score 54
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale. A moat that exists only in good conditions is not a moat. Resilience is what lets a company hold its advantages at the moment weaker competitors are surrendering theirs.
Scale & Market Position
Score 56
· 15% of the moat score
Scale matters only when it converts into economics. This defense looks for the financial signature of a leading position — margins that sit above smaller competitors and improve as the company grows — rather than for revenue size on its own. A large company earning peer-average margins has volume without market power.
Understanding FMX's moat
What is Fomento Economico Mexicano S.A.'s moat score?
Fomento Economico Mexicano S.A. (FMX) scores 65 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 2353 companies in Beverages - Brewers.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 2353 companies in Beverages - Brewers. The defenses are then weighted to produce the overall score out of 100.
Why is Fomento Economico Mexicano S.A. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Fomento Economico Mexicano S.A.?
The Corporate Default template measures 6 defenses: Pricing Power, Cost Advantage, Customer Stickiness, Capital Efficiency, Resilience, Scale & Market Position. Each is scored independently, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
What does the moat score mean for investors?
A moat is a durable structural advantage that lets a company defend its returns from competitors. A high score indicates the financial signature of one — pricing power, cost advantage, customer stickiness — measured relative to peers. It is a quantitative screen built from reported financials, not a price target or a recommendation, and it describes the business rather than the attractiveness of the stock at its current price.
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