Company Deep Dive
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BWMX
STRONG BUYFLAGBetterware de México, S.A.P.I. de C.V. · Consumer Cyclical · Mexico · $665M · Avg Vol: $1M/d
Betterware de Mexico exhibits the hallmarks of a quality compounder with high ROIC and a direct-selling model that bypasses traditional, fragile retail supply chains. Their ability to maintain margins in a volatile macro environment is impressive; however, exposure to Mexican consumer sentiment during a period of potential global trade fragmentation requires further monitoring.
COMPANY DESCRIPTION
Betterware de México, S.A.P.I. de C.V. is a direct-to-consumer company selling home organization, kitchenware, and personal care products through an extensive network of distributors and associates in Mexico and Guatemala. Its competitive advantage stems from its established direct sales model and logistics infrastructure, providing wide reach in markets where this distribution method remains highly effective. Betterware is a market leader in direct selling for home solutions within its core operating regions.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.1B | 657.6M | 743.4M | 805.8M | 813.9M | -46.7% | 815.8M | 983.6M | 1.2B | 19.0% |
| EPS | 48.95 | 1.13 | 1.61 | 1.09 | 1.62 | -57.3% | 1.82 | 2.40 | 2.96 | 35.0% |
| Shares | 37.6M | 37.3M | 37.3M | 37.3M | 37.3M | -0.8% | 37.2M | — | — | — |
| Debt | 1.5B | 368.1M | 315.5M | 295.4M | 255.1M | -36.1% | 249.9M | — | — | — |
| Equity | 1.2B | 62.6M | 83.7M | 66.5M | 77.8M | -49.4% | — | — | — | — |
| Op CF | 1.5B | 80.6M | 135.3M | 102.7M | 127.8M | -45.7% | 156.6M | — | — | — |
| Inv CF | -320.4M | -275.7M | -3.7M | -26.6K | 2.0M | — | — | — | — | — |
| Fin CF | -619.8M | 174.6M | -146.7M | -117.1M | -128.0M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of BWMX are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| BWMX | Betterware de México, S.A.P.I. de C.V.(you) | $665M | 82 | STRONG BUY |
| NEMAKA.MX | Nemak, S. A. B. de C. V. | $546M | 71 | BUY |
| ARA.MX | Consorcio ARA, S. A. B. de C. V. | $330M | 94 | STRONG BUY |
| ALSEA.MX | Alsea, S.A.B. de C.V. | $2.0B | 67 | BUY |
| SORIANAB.MX | Organización Soriana, S. A. B. de C. V. | $3.2B | 74 | BUY |
| HCITY.MX | Promotora de Hoteles Norte 19, S.A.B. de C.V. | $136M | 70 | BUY |
| LACOMERUBC.MX | La Comer, S.A.B. de C.V. | $2.7B | 55 | HOLD |
| LIVEPOLC-1.MX | El Puerto de Liverpool, S.A.B. de C.V. | $7.8B | 88 | STRONG BUY |
| RLHA.MX | RLH Properties, S.A.B. de C.V. | $1.1B | 15 | STRONG SELL |
Peer medians: ROE 4.9% · P/E 15.3x · Gross margin 32.3%