Financials Betterware de México, S.A.P.I. de C.V.

Equities

BWMX

MX00BW020002

Department Stores

Market Closed - Nyse 01:30:03 29/06/2024 am IST 5-day change 1st Jan Change
14.61 USD -0.95% Intraday chart for Betterware de México, S.A.P.I. de C.V. -1.55% +4.81%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 423.4 23,390 15,912 4,631 8,732 9,940 -
Enterprise Value (EV) 1 423.4 23,390 16,248 4,631 8,732 14,593 14,593
P/E ratio 12.4 x 68.4 x 8.7 x 6.34 x 8.38 x 7.61 x 6.65 x
Yield - - - - - - -
Capitalization / Revenue 0.14 x 3.22 x 1.58 x 0.4 x 0.67 x 0.71 x 0.66 x
EV / Revenue 0.14 x 3.22 x 1.62 x 0.4 x 0.67 x 1.04 x 0.97 x
EV / EBITDA - 10.8 x 5.81 x 2.09 x 3.21 x 5.02 x 4.53 x
EV / FCF - 19.9 x 14.6 x 4.17 x 3.91 x 9.49 x 8.55 x
FCF Yield - 5.03% 6.87% 24% 25.6% 10.5% 11.7%
Price to Book - - 12.3 x - - - -
Nbr of stocks (in thousands) 2,192 34,451 37,033 37,033 36,961 37,244 -
Reference price 2 193.1 678.9 429.7 125.0 236.2 266.9 266.9
Announcement Date 04/05/20 18/02/21 10/02/22 23/02/23 22/02/24 - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 3,085 7,260 10,040 11,499 13,010 14,081 15,064
EBITDA 1 - 2,164 2,799 2,213 2,721 2,908 3,220
EBIT 1 - 2,120 2,717 1,855 2,346 2,520 2,811
Operating Margin - 29.2% 27.06% 16.13% 18.03% 17.9% 18.66%
Earnings before Tax (EBT) 1 - 881.1 2,678 1,213 1,431 1,831 2,222
Net income 1 - 338.4 1,827 735.1 1,049 1,310 1,501
Net margin - 4.66% 18.2% 6.39% 8.07% 9.3% 9.96%
EPS 2 15.63 9.930 49.41 19.73 28.20 35.08 40.12
Free Cash Flow 1 - 1,177 1,116 1,111 2,236 1,537 1,706
FCF margin - 16.21% 11.11% 9.66% 17.19% 10.92% 11.33%
FCF Conversion (EBITDA) - 54.38% 39.87% 50.22% 82.17% 52.86% 52.99%
FCF Conversion (Net income) - 347.77% 61.07% 151.17% 213.03% 117.34% 113.67%
Dividend per Share - - - - - - -
Announcement Date 04/05/20 18/02/21 10/02/22 23/02/23 22/02/24 - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 2,182 1,869 3,243 3,158 3,229 3,269 3,220 3,124 3,402 3,603 3,427 3,370 3,681
EBITDA 1 420.8 547.8 595.3 503.5 566.3 659 717.4 529.4 819.5 755.4 731.9 653.4 768
EBIT 1 397.1 544.5 505.3 407.1 416.3 565.2 624.9 438.1 722 660 634.9 556.8 667.9
Operating Margin 18.2% 29.13% 15.58% 12.89% 12.89% 17.29% 19.41% 14.03% 21.22% 18.32% 18.53% 16.52% 18.14%
Earnings before Tax (EBT) 1 340.7 409.6 380.8 216.8 206.1 306 380.6 246.9 502 456.5 468.4 394.8 510.9
Net income 1 214 267.3 252 6.512 209.3 191.7 258.4 197 406.1 294.1 345.6 292.3 377.9
Net margin 9.81% 14.3% 7.77% 0.21% 6.48% 5.86% 8.02% 6.31% 11.94% 8.17% 10.08% 8.67% 10.27%
EPS 2 5.740 7.165 6.748 0.1700 5.620 5.150 6.940 5.280 10.90 7.900 9.260 7.820 10.11
Dividend per Share - - - - - - - - - - - - -
Announcement Date 10/02/22 28/04/22 28/07/22 27/10/22 23/02/23 27/04/23 27/07/23 26/10/23 22/02/24 25/04/24 - - -
1MXN in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - 335 - - 4,653 4,653
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - 0.1198 x - - 1.6 x 1.445 x
Free Cash Flow 1 - 1,177 1,116 1,111 2,236 1,537 1,706
ROE (net income / shareholders' equity) - - 163% - - - -
ROA (Net income/ Total Assets) - - 37.3% - - - -
Assets 1 - - 4,899 - - - -
Book Value Per Share - - 34.90 - - - -
Cash Flow per Share - - - - - - -
Capex 1 - 714 421 170 131 166 191
Capex / Sales - 9.83% 4.2% 1.48% 1.01% 1.18% 1.27%
Announcement Date 04/05/20 18/02/21 10/02/22 23/02/23 22/02/24 - -
1MXN in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
266.9 MXN
Average target price
388.8 MXN
Spread / Average Target
+45.66%
Consensus
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