Seeking Alpha: There's More Than Scarcity Value To Santander Mexico

Retail investors don't have a lot of options when it comes to trying to benefit from the growth in the Mexican banking industry. Of the five largest banks in Mexico, only Grupo Financiero Santander Mexico (BSMX), or Santander Mexico for short, trades independently in the U.S. It isn't just scarcity that makes Santander Mexico stand out, though, as the company is also one of the leaders in consumer and commercial lending in Mexico, as well as one of the best-run banks in the market.

In addition to quality, Santander Mexico shares offer pretty solid value at today's price. While the stock is near the high end of its P/E ratio, it's not unreasonable relative to growth. Likewise, the company's return on tangible assets suggests that the stock should sport a much higher price/tangible book ratio, while a return on equity model indicates worthwhile upside in the shares today as well.

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There's More Than Scarcity Value To Santander Mexico

Seeking Alpha: FEMSA May Just Be Getting Started

Mexico's FEMSA (FMX) has already accomplished quite a lot. Not only is Coca-Cola FEMSA (KOF) the second-largest Coca-Cola bottler in the world and the sole supplier of brands like Coke and Fanta to the world's second-largest soft drinks market (Mexico), but FEMSA also operates OXXO, one of the most profitable and well-run retail operations in Mexico. The stock certainly has reflected this success, with shares up nearly 50% over the past year and nearly 200% over the past five years, but shareholders may have even greater things to look forward to in the coming years.

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FEMSA May Just Be Getting Started