BWMX Consumer Cyclical

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

$17.23-1.43%

Price as of close on Nov 3, 2026 · Financials updated Nov 2, 2026

Basics

Sector: Consumer Cyclical
Industry: Specialty Retail
Country: Mexico
Market cap: 680.3M USD
Enterprise value: 1.4B USD
Full-time employees: 4,373

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.13 vs a peer median of 0.63), less short-term liquidity (current ratio 0.92 vs a peer median of 1.48) and more debt relative to equity (3.02× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.13 vs peers 0.63), less liquidity (current ratio 0.92 vs peers 1.48) and more debt vs equity (3.02× vs peers 0.46×)

Ranks #639 of 1,502 consumer cyclical companies (top 43%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 3.0× equity vs a peer median of 0.5×.Debt is 3.0× equity vs peers 0.5×.
Debt is 3.0× shareholders' equity, against a peer median of 0.5×, among the highest 10% of its peer group.Debt is 3.0× shareholders' equity, vs peers 0.5×, among the highest 10% of its peer group.
Valuation signals disagree. Cheaper than 92% of peers on free cash flow, but only 51% on earnings.
Relative to its free cash flow, Betterware de México, S.A.P.I. de C.V. looks cheaper than 92% of peers; relative to its earnings, cheaper than only 51%. The valuation score blends the two, so look at which measure fits this business best.
Cash flow well above reported profit. Free cash flow is 5.3× reported profit.
Free cash flow is 5.3× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

StockQuotient Score

55/ 100▲ 6 since Oct 27 close

Oct 5 49 → Nov 4 55 (+6)

Valuation

Is the price right?

81/100

Strong▲ 23 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 58 → 81

Share price +1.7%-1
Company's reported figures updated+24

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ FCF yield
▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · MXN→USD at the current rateReported value30% base weight · Z-score 0.02Sector median: 0.0439 · MAD: 0.0329

EBITDA yield15.0%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · MXN→USD convertedReported value50% base weight · Z-score 1.35Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield23.7%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · MXN→USD converted · operating cash flow − capital spendingReported value20% base weight · Z-score 3.22Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield5.7%

SEC filings (IFRS mapped) · latest balance sheet · MXN→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

38/100

Weak

3/3 inputs reported · High confidence

Since last year: No major change

Why

Weaker than most peers on:

▼ EPS growth
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-25.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -1.17Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth7.4%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score 0.49Sector median: 0.0425 · MAD: 0.0636

Revenue growth1.0%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -0.42Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

94/100

Strong▲ 2 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

Net margin rose 2.4 points to 7.4%

Why it changed since the Oct 27, 2026 close: Score 92 → 94

Company's reported figures updated+1
Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ ROIC
▲ ROA
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin15.8%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score 2.05Sector median: 0.0638 · MAD: 0.0461

Return on assets11.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 3.05Sector median: 0.0331 · MAD: 0.0254

Return on invested capital33.4%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score 4.34Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin66.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity77.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.13

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.66Sector median: 0.6345 · MAD: 0.2980

Current ratio0.92×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -1.00Sector median: 1.4800 · MAD: 0.5570

Debt / equity3.02×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -7.18Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Betterware de México, S.A.P.I. de C.V.

Is Betterware de México, S.A.P.I. de C.V. getting weaker?: Its latest SEC filing (Apr 30, 2026) got stronger: net margin rose 2.4 points to 7.4%. Its overall score is 55/100, up 6 since Oct 28, 2026.
How is Betterware de México, S.A.P.I. de C.V. valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 81/100 against 1,612 consumer cyclical peers. Free cash flow yield 23.7% vs a peer median of 6.1% (stronger than 92% of peers).Free cash flow yield 23.7% vs peers 6.1% (stronger than 92% of peers).
Is Betterware de México, S.A.P.I. de C.V. growing?: More slowly than most of its peers. Growth scores 38/100 against 1,612 consumer cyclical peers. 3-year revenue growth 7.4% vs a peer median of 4.3% (stronger than 63% of peers).3-year revenue growth 7.4% vs peers 4.3% (stronger than 63% of peers). Earnings per share growth -25.5% vs a peer median of 4.2% (weaker than 78% of peers).Earnings per share growth -25.5% vs peers 4.2% (weaker than 78% of peers).
How profitable is Betterware de México, S.A.P.I. de C.V.?: More profitable than most of its peers. Profitability scores 94/100 against 1,612 consumer cyclical peers. Return on invested capital 33.4% vs a peer median of 7.3% (stronger than 93% of peers).Return on invested capital 33.4% vs peers 7.3% (stronger than 93% of peers).
How risky is Betterware de México, S.A.P.I. de C.V.?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 3.02× vs a peer median of 0.46× (weaker than 90% of peers).Debt / equity 3.02× vs peers 0.46× (weaker than 90% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Apr 30, 2026 · compared with the year ended Dec 31, 2024

Got stronger

Net margin rose 2.4 points to 7.4%

	Previous year	Latest year	Change
Revenue (12 months)	14.1B MXN	14.2B MXN	+1.0%
Net income (12 months)	711.7M MXN	1.1B MXN	+49.0%
Debt	4.8B MXN	4.1B MXN	−14.9%
Cash	296.6M MXN	328.3M MXN	+10.7%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in MXN, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	55.3%	65.4%	67.2%	67.9%	66.6%	▼ 1.4 pts
Net margin	17.4%	7.6%	8.0%	5.0%	7.4%	▲ 2.4 pts
Return on assets (ROA)	33.8%	7.7%	9.4%	6.8%	11.1%	▲ 4.2 pts
Return on equity (ROE)	147.7%	79.6%	71.0%	61.1%	77.9%	▲ 17 pts
Free cash flow margin	10.6%	-28.6%	17.2%	—	—	—
Current ratio	1.37×	1.39×	1.04×	0.95×	0.92×	▼ 3.4%
Quick ratio	0.84×	0.71×	0.51×	0.43×	0.45×	▲ 6.5%
Debt to equity	1.30×	5.82×	3.85×	4.14×	3.02×	▼ 27%

BWMX price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.13 vs a peer median of 0.63), less short-term liquidity (current ratio 0.92 vs a peer median of 1.48) and more debt relative to equity (3.02× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.13 vs peers 0.63), less liquidity (current ratio 0.92 vs peers 1.48) and more debt vs equity (3.02× vs peers 0.46×)

Ranks #639 of 1,502 consumer cyclical companies (top 43%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 3.0× equity vs a peer median of 0.5×.Debt is 3.0× equity vs peers 0.5×.

Debt is 3.0× shareholders' equity, against a peer median of 0.5×, among the highest 10% of its peer group.Debt is 3.0× shareholders' equity, vs peers 0.5×, among the highest 10% of its peer group.

Valuation signals disagree. Cheaper than 92% of peers on free cash flow, but only 51% on earnings.

Relative to its free cash flow, Betterware de México, S.A.P.I. de C.V. looks cheaper than 92% of peers; relative to its earnings, cheaper than only 51%. The valuation score blends the two, so look at which measure fits this business best.

Cash flow well above reported profit. Free cash flow is 5.3× reported profit.

Free cash flow is 5.3× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Questions investors ask about Betterware de México, S.A.P.I. de C.V.

Is Betterware de México, S.A.P.I. de C.V. getting weaker?

Its latest SEC filing (Apr 30, 2026) got stronger: net margin rose 2.4 points to 7.4%. Its overall score is 55/100, up 6 since Oct 28, 2026.

How is Betterware de México, S.A.P.I. de C.V. valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 81/100 against 1,612 consumer cyclical peers. Free cash flow yield 23.7% vs a peer median of 6.1% (stronger than 92% of peers).Free cash flow yield 23.7% vs peers 6.1% (stronger than 92% of peers).

Is Betterware de México, S.A.P.I. de C.V. growing?

More slowly than most of its peers. Growth scores 38/100 against 1,612 consumer cyclical peers. 3-year revenue growth 7.4% vs a peer median of 4.3% (stronger than 63% of peers).3-year revenue growth 7.4% vs peers 4.3% (stronger than 63% of peers). Earnings per share growth -25.5% vs a peer median of 4.2% (weaker than 78% of peers).Earnings per share growth -25.5% vs peers 4.2% (weaker than 78% of peers).

How profitable is Betterware de México, S.A.P.I. de C.V.?

More profitable than most of its peers. Profitability scores 94/100 against 1,612 consumer cyclical peers. Return on invested capital 33.4% vs a peer median of 7.3% (stronger than 93% of peers).Return on invested capital 33.4% vs peers 7.3% (stronger than 93% of peers).

How risky is Betterware de México, S.A.P.I. de C.V.?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 3.02× vs a peer median of 0.46× (weaker than 90% of peers).Debt / equity 3.02× vs peers 0.46× (weaker than 90% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

14.1B MXN

14.2B MXN

+1.0%

Net income (12 months)

711.7M MXN

1.1B MXN

+49.0%

Debt

4.8B MXN

4.1B MXN

−14.9%

Cash

296.6M MXN

328.3M MXN

+10.7%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

55.3%

65.4%

67.2%

67.9%

66.6%

▼ 1.4 pts

Net margin

17.4%

7.6%

8.0%

5.0%

7.4%

▲ 2.4 pts

Return on assets (ROA)

33.8%

7.7%

9.4%

6.8%

11.1%

▲ 4.2 pts

Return on equity (ROE)

147.7%

79.6%

71.0%

61.1%

77.9%

▲ 17 pts

Free cash flow margin

10.6%

-28.6%

17.2%

—

Current ratio

1.37×

1.39×

1.04×

0.95×

0.92×

▼ 3.4%

Quick ratio

0.84×

0.71×

0.51×

0.43×

0.45×

▲ 6.5%

Debt to equity

1.30×

5.82×

3.85×

4.14×

3.02×

▼ 27%