BETTERWARE DE MÉXICO, S.A.P.I. DE C.V. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.18 USD | -12.26% |
|
-5.71% | +23.24% |
| Apr. 26 | Transcript : Betterware de México, S.A.P.I. de C.V., Q1 2024 Earnings Call, Apr 26, 2024 | |
| Apr. 25 | Betterware De México, S.A.P.I. De C.V. Provides Revenue Guidance for 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 423.4 | 23,390 | 15,912 | 4,631 | 10,903 | 10,903 | - |
| Enterprise Value (EV) 1 | 423.4 | 23,390 | 16,248 | 4,631 | 8,732 | 15,556 | 15,556 |
| P/E ratio | 12.4 x | 68.4 x | 8.7 x | 6.34 x | 8.38 x | 8 x | 6.76 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.14 x | 3.22 x | 1.58 x | 0.4 x | 0.67 x | 0.77 x | 0.73 x |
| EV / Revenue | 0.14 x | 3.22 x | 1.58 x | 0.4 x | 0.67 x | 0.77 x | 0.73 x |
| EV / EBITDA | - | 10.8 x | 5.69 x | 2.09 x | 3.21 x | 3.71 x | 3.44 x |
| EV / FCF | - | 19.9 x | 14.3 x | 4.17 x | 3.91 x | - | - |
| FCF Yield | - | 5.03% | 7.01% | 24% | 25.6% | - | - |
| Price to Book | - | - | 12.3 x | - | - | - | - |
| Nbr of stocks (in thousands) | 2,192 | 34,451 | 37,033 | 37,033 | 36,961 | 36,961 | - |
| Reference price 2 | 193.1 | 678.9 | 429.7 | 125.0 | 295.0 | 295.0 | 295.0 |
| 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 | 14,087 | 14,951 |
| EBITDA 1 | - | 2,164 | 2,799 | 2,213 | 2,721 | 2,936 | 3,173 |
| EBIT 1 | - | 2,120 | 2,717 | 1,855 | 2,346 | 2,564 | 2,801 |
| Operating Margin | - | 29.2% | 27.06% | 16.13% | 18.03% | 18.2% | 18.73% |
| Earnings before Tax (EBT) 1 | - | 881.1 | 2,678 | 1,213 | 1,431 | 1,941 | 2,241 |
| Net income 1 | - | 338.4 | 1,827 | 735.1 | 1,049 | 1,378 | 1,636 |
| Net margin | - | 4.66% | 18.2% | 6.39% | 8.07% | 9.78% | 10.94% |
| EPS 2 | 15.63 | 9.930 | 49.41 | 19.73 | 28.20 | 36.87 | 43.62 |
| Free Cash Flow 1 | - | 1,177 | 1,116 | 1,111 | 2,236 | - | - |
| FCF margin | - | 16.21% | 11.11% | 9.66% | 17.19% | - | - |
| FCF Conversion (EBITDA) | - | 54.38% | 39.87% | 50.22% | 82.17% | - | - |
| FCF Conversion (Net income) | - | 347.77% | 61.07% | 151.17% | 213.03% | - | - |
| 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 Q2 | 2021 Q3 | 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 | 2,594 | 2,362 | 2,182 | 1,869 | 3,243 | 3,158 | 3,229 | 3,269 | 3,220 | 3,124 | 3,402 | 3,484 | 3,406 | 3,380 | 3,699 |
| EBITDA 1 | 746.9 | 708.4 | 420.8 | 547.8 | 595.3 | 503.5 | 566.3 | 659 | 717.4 | 529.4 | 819.5 | 755.7 | 778.8 | 639.9 | 762 |
| EBIT 1 | 725.9 | 687.3 | 397.1 | 544.5 | 505.3 | 407.1 | 416.3 | 565.2 | 624.9 | 438.1 | 722 | 658.2 | 686.8 | 547.7 | 669.8 |
| Operating Margin | 27.98% | 29.1% | 18.2% | 29.13% | 15.58% | 12.89% | 12.89% | 17.29% | 19.41% | 14.03% | 21.22% | 18.89% | 20.17% | 16.2% | 18.11% |
| Earnings before Tax (EBT) 1 | 668.4 | 743.9 | 340.7 | 409.6 | 380.8 | 216.8 | 206.1 | 306 | 380.6 | 246.9 | 502 | 486.7 | 546.8 | 407.7 | 529.8 |
| Net income 1 | 460.9 | 513.4 | 214 | 267.3 | 252 | 6.512 | 209.3 | 191.7 | 258.4 | 197 | 406.1 | 359.9 | 399.2 | 297.6 | 386.8 |
| Net margin | 17.76% | 21.74% | 9.81% | 14.3% | 7.77% | 0.21% | 6.48% | 5.86% | 8.02% | 6.31% | 11.94% | 10.33% | 11.72% | 8.8% | 10.46% |
| EPS 2 | 12.57 | 13.76 | 5.740 | 7.165 | 6.748 | 0.1700 | 5.620 | 5.150 | 6.940 | 5.280 | 10.90 | 9.650 | 10.68 | 7.960 | 10.32 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/5/21 | 10/28/21 | 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 | - | - | - | - |
1MXN in Million2MXN
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | 335 | - | - | 4,653 | 4,653 |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.1198 x | - | - | 1.585 x | 1.467 x |
| Free Cash Flow 1 | - | 1,177 | 1,116 | 1,111 | 2,236 | - | - |
| 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 | - | - |
| Capex / Sales | - | 9.83% | 4.2% | 1.48% | 1.01% | - | - |
| 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
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
295
MXN
Average target price
387
MXN
Spread / Average Target
+31.20%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +23.24% | 635M | |
| +5.02% | 46.43B | |
| +41.51% | 40.95B | |
| -0.17% | 8.67B | |
| -16.80% | 7.91B | |
| +7.09% | 6.41B | |
| -15.71% | 6.26B | |
| +1.81% | 6.07B | |
| +15.78% | 5.63B | |
| -53.44% | 3.6B |
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- Financials Betterware de México, S.A.P.I. de C.V.
