Cash flow Betterware de México, S.A.P.I. de C.V.

Equities

BWMX

MX00BW020002

Department Stores

Market Closed - Nyse Other stock markets 21:00:02 12/02/2026 GMT			5-day change	1st Jan Change
18.20 ^USD	-1.14%		+2.94%	+28.08%

01-20	Betterware de Mexico to Acquire Tupperware's LatAm Assets for $250 Million	MT
01-18	Betterware de México, S.A.P.I. de C.V. signed a definitive agreement to acquire Operations in Latin America of Tupperware Brands Corporation for $250 million.	CI

977127f4dde76b54a06404fe82.GQBH-T5vztvJEF7PEN93J5NG5jVrQmWTTThizKgg2OQ.czcMunEHlKyGXjK6ausfV-QuokxTADbMFHEV-9BWlJ5cUzCRDCKRvatjZg

Published financial data: BETTERWARE DE MÉXICO, S.A.P.I. DE C.V.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	7.26B	10.04B	11.51B	13.01B	14.1B
Total Revenues	7.26B	10.04B	11.51B	13.01B	14.1B
Cost of Goods Sold, Total	3.29B	4.4B	3.58B	3.7B	4.52B
Gross Profit	3.97B	5.64B	7.93B	9.31B	9.58B
Selling General & Admin Expenses, Total	1.85B	2.98B	5.88B	6.96B	7.2B
Other Operating Expenses, Total	1.85B	2.98B	5.88B	6.96B	7.2B
Operating Income	2.12B	2.66B	2.05B	2.35B	2.38B
Interest Expense, Total	-80.25M	-75.82M	-543M	-820M	-640M
Interest And Investment Income	10.93M	25.87M	28.69M	45.06M	22.82M
Net Interest Expenses	-69.32M	-49.95M	-515M	-775M	-617M
Currency Exchange Gains (Loss)	-30.4M	-320M	-83.37M	-107M	-45.3M
Other Non Operating Income (Expenses)	-1.14B	330M	-43.52M	-32.59M	157M
EBT, Excl. Unusual Items	881M	2.63B	1.41B	1.43B	1.88B
Gain (Loss) On Sale Of Assets	-	-	-21.86M	-	-530M
Asset Writedown	-	-	-	-	-167M
EBT, Incl. Unusual Items	881M	2.63B	1.39B	1.43B	1.18B
Income Tax Expense	543M	824M	517M	384M	469M
Earnings From Continuing Operations	338M	1.8B	870M	1.05B	712M
Net Income to Company	338M	1.8B	870M	1.05B	712M
Minority Interest	-	3.71M	2.59M	2.72M	206K
Net Income - (IS)	338M	1.8B	873M	1.05B	712M
Net Income to Common Incl Extra Items	338M	1.8B	873M	1.05B	712M
Net Income to Common Excl. Extra Items	338M	1.8B	873M	1.05B	712M
Per Share Items
Net EPS - Basic	9.93	48.81	23.42	28.18	19.11
Basic EPS - Continuing Operations	9.93	48.81	23.42	28.18	19.11
Basic Weighted Average Shares Outstanding	34.08M	36.97M	37.26M	37.24M	37.24M
Net EPS - Diluted	9.84	48.33	23.41	28.16	19.11
Diluted EPS - Continuing Operations	9.84	48.33	23.41	28.16	19.11
Diluted Weighted Average Shares Outstanding	34.38M	37.34M	37.28M	37.26M	37.24M
Normalized Basic EPS	16.16	44.48	23.7	24.09	31.51
Normalized Diluted EPS	16.02	44.05	23.69	24.08	31.51
Dividend Per Share	30.85	37.71	18.75	21.44	26.8
Payout Ratio	245.3	77.58	108.83	61.82	140.23
Supplemental Items
EBITDA	2.14B	2.73B	2.24B	2.57B	2.62B
EBITA	2.13B	2.67B	2.09B	2.4B	2.44B
EBIT	2.12B	2.66B	2.05B	2.35B	2.38B
EBITDAR	2.17B	2.78B	2.34B	2.58B	2.65B
Effective Tax Rate - (Ratio)	61.6	31.4	37.27	26.86	39.74
Current Domestic Taxes	577M	783M	-	-	-
Total Current Taxes	577M	783M	534M	646M	753M
Deferred Domestic Taxes	-34.07M	41.55M	-	-	-
Total Deferred Taxes	-34.07M	41.55M	-16.6M	-261M	-283M
Normalized Net Income	551M	1.64B	883M	897M	1.17B
Interest on Long-Term Debt	82.31M	74.63M	517M	735M	624M
Non-Cash Pension Expense	114K	101K	9.46M	-16.71M	11.4M
Supplemental Operating Expense Items
Advertising Expense	172M	503M	1.74B	2.34B	2.6B
Marketing Expenses	19.24M	110M	200M	299M	379M
Selling and Marketing Expenses	1.18B	1.73B	3.28B	4.05B	4.66B
General and Administrative Expenses	642M	1.19B	2.5B	2.89B	2.5B
Net Rental Expense, Total	22.45M	52.66M	96.73M	15.3M	34.11M
Imputed Operating Lease Interest Expense	21.25M	29.27M	104M	16.67M	32.66M
Imputed Operating Lease Depreciation	1.2M	23.39M	-7.52M	-1.37M	1.45M
Stock-Based Comp., Other (Total)	32.91M	-	5.99M	4.19M	-
Total Stock-Based Compensation	32.91M	-	5.99M	4.19M	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	650M	1.18B	816M	550M	297M
Total Cash And Short Term Investments	650M	1.18B	816M	550M	297M
Accounts Receivable, Total	758M	778M	971M	1.07B	1.13B
Other Receivables	58.7M	15.67M	205M	29.46M	219M
Total Receivables	817M	794M	1.18B	1.1B	1.35B
Inventory	1.3B	1.39B	2.12B	2.03B	2.51B
Prepaid Expenses	81.75M	50.94M	23.43M	24.92M	31.08M
Restricted Cash	42.92M	-	-	-	-
Other Current Assets, Total	12.75M	58.54M	217M	285M	353M
Total Current Assets	2.91B	3.47B	4.36B	3.99B	4.54B
Gross Property Plant And Equipment	945M	1.27B	3.57B	3.81B	2.9B
Accumulated Depreciation	-129M	-183M	-305M	-537M	-788M
Net Property Plant And Equipment	816M	1.09B	3.27B	3.27B	2.12B
Long-term Investments	-	497K	1.24M	-	-
Goodwill	348M	371M	1.6B	1.6B	1.6B
Other Intangibles, Total	319M	370M	1.74B	1.65B	1.57B
Deferred Tax Assets Long-Term	17.6M	-	319M	524M	525M
Other Long-Term Assets, Total	5.77M	4.27M	46.68M	53.76M	105M
Total Assets	4.41B	5.3B	11.33B	11.09B	10.45B
Liabilities
Accounts Payable, Total	2.08B	1.98B	1.37B	1.79B	2.16B
Accrued Expenses, Total	295M	313M	1.11B	1.18B	1.2B
Short-term Borrowings	-	28.12M	327M	509M	200M
Current Portion of Long-Term Debt	106M	-	-	-	956M
Current Portion of Leases	7.69M	6.1M	85.4M	117M	110M
Current Income Taxes Payable	85.22M	88.68M	-	-	-
Other Current Liabilities	295M	-	234M	235M	136M
Total Current Liabilities	2.87B	2.42B	3.12B	3.83B	4.76B
Long-Term Debt	524M	1.48B	5.92B	4.62B	3.67B
Long-Term Leases	16.69M	11.78M	207M	256M	234M
Pension & Other Post Retirement Benefits	1.68M	2.09M	154M	127M	128M
Deferred Tax Liability Non Current	56.96M	80.91M	834M	783M	495M
Other Non Current Liabilities	25.18M	-	-	-	-
Total Liabilities	3.49B	4B	10.24B	9.62B	9.29B
Common Stock, Total	282M	295M	321M	321M	321M
Additional Paid In Capital	909M	6.66M	-	-	-
Retained Earnings	-269M	990M	780M	1.19B	892M
Comprehensive Income and Other	-718K	583K	-5.16M	-35.56M	-49.34M
Total Common Equity	922M	1.29B	1.1B	1.47B	1.16B
Minority Interest	-	14.66M	1.18M	-1.63M	-1.72M
Total Equity	922M	1.31B	1.1B	1.47B	1.16B
Total Liabilities And Equity	4.41B	5.3B	11.33B	11.09B	10.45B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	35.57M	37.03M	36.96M	37.24M	37.24M
ECS Total Common Shares Outstanding	35.57M	37.03M	36.96M	37.24M	37.24M
Book Value / Share	25.92	34.9	29.66	39.59	31.26
Tangible Book Value	254M	552M	-2.25B	-1.78B	-2.01B
Tangible Book Value Per Share	7.14	14.89	-60.81	-47.66	-53.85
Total Debt	654M	1.53B	6.54B	5.5B	5.17B
Net Debt	4.44M	353M	5.72B	4.95B	4.87B
Debt Equivalent Oper. Leases	180M	421M	774M	122M	273M
Minority Interest, Total (Incl. Fin. Div)	-	14.66M	1.18M	-1.63M	-1.72M
Account Code - Inventory Valuation	6	6	3	3	3
Inventories - Raw Materials, Total	26.03M	35.72M	372M	388M	391M
Inventories - Finished Goods, Total	1.25B	1.3B	1.75B	1.64B	2.11B
Inventories - Others	28.8M	54.25M	-	-	-
Land - (BS)	49.26M	49.26M	1.3B	1.3B	288M
Buildings, Total	327M	678M	1.03B	1.06B	945M
Machinery, Total	207M	369M	702M	770M	869M
Full Time Employees	1.29K	1.27K	2.18K	2.29K	2.33K
Accumulated Allowance for Doubtful Accounts (Supple)	9.08M	90.16M	122M	332M	357M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	338M	1.8B	873M	1.05B	712M
Depreciation & Amortization - CF	29.97M	67.1M	217M	281M	301M
Amortization of Goodwill and Intangible Assets - (CF)	7.05M	6.65M	40.66M	52.63M	52.54M
Depreciation & Amortization, Total	37.01M	73.74M	258M	334M	354M
Amortization of Deferred Charges, Total - (CF)	6.68M	8.38M	29.69M	41.36M	38.52M
Minority Interest in Earnings - (CF)	-	-	-	-	117K
(Gain) Loss From Sale Of Asset	9.22M	-478K	15.74M	-1.46M	529M
Asset Writedown & Restructuring Costs	-	-	-	-	167M
Stock-Based Compensation (CF)	32.91M	-	5.99M	4.19M	-
Other Operating Activities, Total	1.75B	505M	1.06B	1.19B	912M
Change In Accounts Receivable	-510M	-19.74M	297M	-101M	-60.78M
Change In Inventories	-928M	-64.31M	171M	92.14M	-471M
Change In Accounts Payable	1.6B	-81.88M	-843M	326M	420M
Change In Income Taxes	-526M	-778M	-543M	-475M	-819M
Change in Other Net Operating Assets	6.8M	18.31M	81.27M	-87.56M	16.05M
Cash from Operations	1.82B	1.47B	1.41B	2.37B	1.8B
Capital Expenditure	-618M	-402M	-176M	-131M	-182M
Sale of Property, Plant, and Equipment	18.27M	12.52M	22.09M	20.68M	168M
Cash Acquisitions	-	50K	-4.7B	-	-
Other Investing Activities, Total	-31.98M	68.79M	28.69M	45.06M	12.76M
Cash from Investing	-631M	-320M	-4.83B	-65.33M	-466K
Long-Term Debt Issued, Total	1.71B	1.52B	5.82B	6.5B	3.03B
Total Debt Issued	1.71B	1.52B	5.82B	6.5B	3.03B
Long-Term Debt Repaid, Total	-1.77B	-654M	-1.2B	-7.76B	-3.47B
Total Debt Repaid	-1.77B	-654M	-1.2B	-7.76B	-3.47B
Issuance of Common Stock	250M	-	-	-	-
Repurchase of Common Stock	-	-	-25.32M	-	-
Common Dividends Paid	-830M	-1.4B	-950M	-649M	-998M
Common & Preferred Stock Dividends Paid	-830M	-1.4B	-950M	-649M	-998M
Other Financing Activities, Total	-121M	-86.23M	-592M	-661M	-604M
Cash from Financing	-755M	-620M	3.06B	-2.57B	-2.05B
Net Change in Cash	436M	525M	-360M	-266M	-253M
Supplemental Items
Cash Interest Paid	121M	49.12M	503M	652M	604M
Cash Income Tax Paid (Refund)	526M	778M	543M	475M	819M
Levered Free Cash Flow	1.18B	891M	-7.2M	1.79B	797M
Unlevered Free Cash Flow	1.23B	938M	332M	2.3B	1.2B
Change In Net Working Capital	-448M	408M	1.07B	-587M	503M
Net Debt Issued / Repaid	-53.73M	866M	4.62B	-1.26B	-448M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	42.73	34.27	15.52	13.08	13.82
Return on Total Capital	103.82	75.51	24.73	20.07	22.37
Return On Equity %	56.56	161.59	75.73	81.45	54.2
Return on Common Equity	56.56	163	76.48	81.65	54.15
Margin Analysis
Gross Profit Margin %	54.67	56.18	68.9	71.55	67.94
SG&A Margin	25.47	29.64	51.08	53.52	51.05
EBITDA Margin %	29.54	27.21	19.46	19.73	18.55
EBITA Margin %	29.3	26.61	18.17	18.44	17.27
EBIT Margin %	29.2	26.54	17.82	18.03	16.9
Income From Continuing Operations Margin %	4.66	17.94	7.56	8.05	5.05
Net Income Margin %	4.66	17.97	7.58	8.07	5.05
Net Avail. For Common Margin %	4.66	17.97	7.58	8.07	5.05
Normalized Net Income Margin	7.58	16.38	7.67	6.9	8.32
Levered Free Cash Flow Margin	16.28	8.87	-0.06	13.75	5.65
Unlevered Free Cash Flow Margin	16.97	9.34	2.89	17.69	8.49
Asset Turnover
Asset Turnover	2.34	2.07	1.39	1.16	1.31
Fixed Assets Turnover	13.87	10.55	5.29	3.98	5.23
Receivables Turnover (Average Receivables)	14.44	13.07	13.41	12.73	12.78
Inventory Turnover (Average Inventory)	3.96	3.26	2.07	1.78	1.99
Short Term Liquidity
Current Ratio	1.01	1.43	1.39	1.04	0.95
Quick Ratio	0.51	0.81	0.64	0.43	0.35
Operating Cash Flow to Current Liabilities	0.64	0.61	0.45	0.62	0.38
Days Sales Outstanding (Average Receivables)	25.55	27.69	27.23	28.67	28.63
Days Outstanding Inventory (Average Inventory)	93.16	110.94	176.58	204.78	183.62
Average Days Payable Outstanding	113.62	163.81	140.46	159.88	144.65
Cash Conversion Cycle (Average Days)	5.09	-25.18	63.35	73.57	67.6
Long Term Solvency
Total Debt/Equity	70.97	116.93	595.79	373.68	444.63
Total Debt / Total Capital	41.51	53.9	85.63	78.89	81.64
LT Debt/Equity	58.65	114.31	558.18	331.2	335.72
Long-Term Debt / Total Capital	34.3	52.69	80.22	69.92	61.64
Total Liabilities / Total Assets	79.11	75.36	90.32	86.72	88.88
EBIT / Interest Expense	26.42	35.15	3.77	2.86	3.72
EBITDA / Interest Expense	26.88	36.12	4.25	3.27	4.28
(EBITDA - Capex) / Interest Expense	19.19	30.82	3.93	3.11	3.99
Total Debt / EBITDA	0.3	0.56	2.83	2.05	1.89
Net Debt / EBITDA	0	0.13	2.48	1.85	1.78
Total Debt / (EBITDA - Capex)	0.42	0.65	3.07	2.16	2.02
Net Debt / (EBITDA - Capex)	0	0.15	2.68	1.94	1.91
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	135.37	38.28	14.3	13.05	8.39
Gross Profit, 1 Yr. Growth %	120.05	42.1	42.35	17.4	9.51
EBITDA, 1 Yr. Growth %	156.19	27.38	-16.11	14.62	2.17
EBITA, 1 Yr. Growth %	159.8	25.57	-19.84	14.7	1.82
EBIT, 1 Yr. Growth %	161.05	25.67	-21.2	14.41	1.87
Earnings From Cont. Operations, 1 Yr. Growth %	-28.34	432.24	-50.23	20.32	-31.36
Net Income, 1 Yr. Growth %	-28.34	433.33	-50.19	20.27	-31.52
Normalized Net Income, 1 Yr. Growth %	25.01	198.62	-44.99	1.6	32.12
Diluted EPS Before Extra, 1 Yr. Growth %	-37.04	391.16	-50.1	20.29	-31.48
Accounts Receivable, 1 Yr. Growth %	205.94	2.68	30.24	10.45	5.67
Inventory, 1 Yr. Growth %	263.04	6.97	58.36	-4.34	23.37
Net Property, Plant and Equip., 1 Yr. Growth %	253	33.19	200.58	0.06	-35.34
Total Assets, 1 Yr. Growth %	146.62	20.18	118.56	-2.16	-5.77
Tangible Book Value, 1 Yr. Growth %	-166.01	117.05	-605.38	-21.02	12.34
Common Equity, 1 Yr. Growth %	235.87	40.18	-7.55	34.54	-20.49
Cash From Operations, 1 Yr. Growth %	200.98	-19.57	-3.81	67.89	-24.07
Capital Expenditures, 1 Yr. Growth %	238.23	-34.96	-56.28	-25.38	38.48
Levered Free Cash Flow, 1 Yr. Growth %	341.37	-24.63	-100.76	-24.95K	-52.89
Unlevered Free Cash Flow, 1 Yr. Growth %	283.61	-23.86	-66.45	592.39	-45.83
Dividend Per Share, 1 Yr. Growth %	-	22.24	-50.28	14.35	25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	77.03	80.41	26.09	13.68	10.7
Gross Profit, 2 Yr. CAGR %	70.95	76.83	41.55	29.28	12.84
EBITDA, 2 Yr. CAGR %	92.67	80.65	3.57	-1.94	8.07
EBITA, 2 Yr. CAGR %	96.36	80.62	0.49	-4.11	7.92
EBIT, 2 Yr. CAGR %	96.04	81.13	-0.32	-5.05	7.8
Earnings From Cont. Operations, 2 Yr. CAGR %	6.33	95.3	70.73	-22.62	-9.56
Net Income, 2 Yr. CAGR %	6.33	95.5	70.99	-22.6	-9.68
Normalized Net Income, 2 Yr. CAGR %	40.02	93.21	30.94	-25.24	15.27
Diluted EPS Before Extra, 2 Yr. CAGR %	-0.35	75.84	64.23	-22.52	-9.65
Accounts Receivable, 2 Yr. CAGR %	95.25	77.24	14.94	19.94	8.03
Inventory, 2 Yr. CAGR %	104.72	100.82	27.12	23.08	8.64
Net Property, Plant and Equip., 2 Yr. CAGR %	335.77	116.84	100.09	73.43	-19.53
Total Assets, 2 Yr. CAGR %	74.01	72.16	61.23	46.23	-3.96
Tangible Book Value, 2 Yr. CAGR %	-33.83	19.7	223.94	99.78	-5.54
Common Equity, 2 Yr. CAGR %	238.91	116.99	11.48	11.53	3.07
Cash From Operations, 2 Yr. CAGR %	132.12	55.59	-12.05	27.08	12.91
Capital Expenditures, 2 Yr. CAGR %	438.92	48.32	-46.67	-42.88	1.65
Levered Free Cash Flow, 2 Yr. CAGR %	90.74	82.39	-92.27	37.71	198.1
Unlevered Free Cash Flow, 2 Yr. CAGR %	80.34	70.91	-48.51	52.42	66.96
Dividend Per Share, 2 Yr. CAGR %	-	-	-22.04	-24.6	19.55
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	71.09	63.04	55.09	21.59	11.88
Gross Profit, 3 Yr. CAGR %	64.51	60.74	63.81	32.99	19.82
EBITDA, 3 Yr. CAGR %	82.12	67.85	38.81	7.13	-0.68
EBITA, 3 Yr. CAGR %	85.95	69.17	36.68	5.02	-2.27
EBIT, 3 Yr. CAGR %	85.75	69.03	36.16	4.37	-2.89
Earnings From Cont. Operations, 3 Yr. CAGR %	17.67	81.89	22.6	51.94	-25.89
Net Income, 3 Yr. CAGR %	17.67	82.01	22.72	52.07	-25.93
Normalized Net Income, 3 Yr. CAGR %	42.48	80.23	26.09	20.32	-9.92
Diluted EPS Before Extra, 3 Yr. CAGR %	12.69	69.59	14.41	48.04	-25.87
Accounts Receivable, 3 Yr. CAGR %	72.38	57.6	57.68	13.42	14.98
Inventory, 3 Yr. CAGR %	106.83	64.89	83.14	15.63	23.18
Net Property, Plant and Equip., 3 Yr. CAGR %	142.58	193.54	141.77	58.82	24.86
Total Assets, 3 Yr. CAGR %	50.79	53.82	85	36.5	26.33
Tangible Book Value, 3 Yr. CAGR %	-18.54	-1.68	80.07	102.37	65.22
Common Equity, 3 Yr. CAGR %	72.77	152.51	58.65	18.69	-0.6
Cash From Operations, 3 Yr. CAGR %	69.73	63.03	32.54	9.11	7.03
Capital Expenditures, 3 Yr. CAGR %	163.74	166.32	-1.29	-40.36	-23.27
Levered Free Cash Flow, 3 Yr. CAGR %	-	39.97	-70.05	14.12	-5.47
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	35.29	1.15	22.45	6.5
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-11.42	-10.76
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	51.34	41.21	35.52
Gross Profit, 5 Yr. CAGR %	-	-	54.81	46.95	39.65
EBITDA, 5 Yr. CAGR %	-	-	44.53	34.75	25.59
EBITA, 5 Yr. CAGR %	-	-	44.59	34.16	24.35
EBIT, 5 Yr. CAGR %	-	-	44.02	33.57	24.01
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	33.18	28.46	8.55
Net Income, 5 Yr. CAGR %	-	-	33.25	28.52	8.55
Normalized Net Income, 5 Yr. CAGR %	-	-	35.92	26.14	21.65
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	27.76	23.23	4.1
Accounts Receivable, 5 Yr. CAGR %	-	-	45.69	40.09	35.55
Inventory, 5 Yr. CAGR %	-	-	70.52	45.55	48.61
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	124.6	137.82	55.7
Total Assets, 5 Yr. CAGR %	-	-	54.5	50.05	42.33
Tangible Book Value, 5 Yr. CAGR %	-	-	36.74	25.06	39.11
Common Equity, 5 Yr. CAGR %	-	-	43.72	78.99	33.51
Cash From Operations, 5 Yr. CAGR %	-	-	30.48	47.57	24.31
Capital Expenditures, 5 Yr. CAGR %	-	-	39.15	43.86	-0.12
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	40.66	24.37
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	43.45	30.09