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

Equities

BWMX

MX00BW020002

Department Stores

Market Closed - Nasdaq 04:00:02 2024-06-07 pm EDT 5-day change 1st Jan Change
16.61 USD -1.19% Intraday chart for Betterware de México, S.A.P.I. de C.V. -0.30% +19.15%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 423.4 23,390 15,912 4,631 8,732 11,324 -
Enterprise Value (EV) 1 423.4 23,390 16,248 4,631 8,732 15,977 15,977
P/E ratio 12.4 x 68.4 x 8.7 x 6.34 x 8.38 x 8.47 x 7.51 x
Yield - - - - - - -
Capitalization / Revenue 0.14 x 3.22 x 1.58 x 0.4 x 0.67 x 0.8 x 0.75 x
EV / Revenue 0.14 x 3.22 x 1.62 x 0.4 x 0.67 x 1.13 x 1.06 x
EV / EBITDA - 10.8 x 5.81 x 2.09 x 3.21 x 5.42 x 4.93 x
EV / FCF - 19.9 x 14.6 x 4.17 x 3.91 x 9.96 x 9.22 x
FCF Yield - 5.03% 6.87% 24% 25.6% 10% 10.8%
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 2 193.1 678.9 429.7 125.0 236.2 304.0 304.0
Announcement Date 5/4/20 2/18/21 2/10/22 2/23/23 2/22/24 - -
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 14,131 15,116
EBITDA 1 - 2,164 2,799 2,213 2,721 2,948 3,240
EBIT 1 - 2,120 2,717 1,855 2,346 2,560 2,831
Operating Margin - 29.2% 27.06% 16.13% 18.03% 18.11% 18.73%
Earnings before Tax (EBT) 1 - 881.1 2,678 1,213 1,431 1,870 2,243
Net income 1 - 338.4 1,827 735.1 1,049 1,340 1,514
Net margin - 4.66% 18.2% 6.39% 8.07% 9.48% 10.01%
EPS 2 15.63 9.930 49.41 19.73 28.20 35.88 40.47
Free Cash Flow 1 - 1,177 1,116 1,111 2,236 1,604 1,732
FCF margin - 16.21% 11.11% 9.66% 17.19% 11.35% 11.46%
FCF Conversion (EBITDA) - 54.38% 39.87% 50.22% 82.17% 54.42% 53.46%
FCF Conversion (Net income) - 347.77% 61.07% 151.17% 213.03% 119.71% 114.41%
Dividend per Share - - - - - - -
Announcement Date 5/4/20 2/18/21 2/10/22 2/23/23 2/22/24 - -
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 3,458 3,379 3,690
EBITDA 1 420.8 547.8 595.3 503.5 566.3 659 717.4 529.4 819.5 755.4 746.4 672.4 774
EBIT 1 397.1 544.5 505.3 407.1 416.3 565.2 624.9 438.1 722 660 649.4 576.3 673.9
Operating Margin 18.2% 29.13% 15.58% 12.89% 12.89% 17.29% 19.41% 14.03% 21.22% 18.32% 18.78% 17.06% 18.26%
Earnings before Tax (EBT) 1 340.7 409.6 380.8 216.8 206.1 306 380.6 246.9 502 456.5 482.9 414.3 516.9
Net income 1 214 267.3 252 6.512 209.3 191.7 258.4 197 406.1 294.1 356.6 306.8 382.4
Net margin 9.81% 14.3% 7.77% 0.21% 6.48% 5.86% 8.02% 6.31% 11.94% 8.17% 10.31% 9.08% 10.36%
EPS 2 5.740 7.165 6.748 0.1700 5.620 5.150 6.940 5.280 10.90 7.900 9.550 8.210 10.23
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/10/22 4/28/22 7/28/22 10/27/22 2/23/23 4/27/23 7/27/23 10/26/23 2/22/24 4/25/24 - - -
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 - - 1.579 x 1.436 x
Free Cash Flow 1 - 1,177 1,116 1,111 2,236 1,604 1,732
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% 1.17% 1.26%
Announcement Date 5/4/20 2/18/21 2/10/22 2/23/23 2/22/24 - -
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
304 MXN
Average target price
369 MXN
Spread / Average Target
+21.37%
Consensus
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