Betterware de Mexico, S.A.P.I. de C.V (BWMX) stock analysis
Close on Nov 12, 2026Market cap $629.53MP/E 11.0Yield –
StockData Score
Prices as of Nov 12, 2026How the score works
Weak7 of 30 checks passed
Betterware de Mexico, S.A.P.I. de C.V passes 7 of the 30 checks behind our score; 15 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 1/6
- Past performance
- 4/6
- Financial health
- 2/6
- Dividend
- 0/6
What stands out
Return on equity over 15%
Return on equity was 61.7% over the last twelve months and averaged 93.0% over five years.
Earnings grew over 5 years
Net income grew 28.9% a year on average over the last five fiscal years.
Earnings growth accelerating
Net income grew 49.0% over the last twelve months, against a 5-year average of 28.9% a year.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 30.6% of total debt.
What to watch
High debt
Debt is 321% of shareholders' equity, above the 40% we consider low.
Revenue growing under 10% a year
Revenue grew 7.4% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 6.8% a year over the last three fiscal years.
Growing slower than the industry
Revenue grew 1.0% over the last twelve months; the Nonstore Retailers median is 5.9%.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth1/6
Revenue growing under 10% a year
Revenue grew 7.4% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 6.8% a year over the last three fiscal years.
Earnings growth accelerating
Net income grew 49.0% over the last twelve months, against a 5-year average of 28.9% a year.
Growing slower than the industry
Revenue grew 1.0% over the last twelve months; the Nonstore Retailers median is 5.9%.
Guidance unchanged
The latest outlook (2026 EBITDA margin, Jul 23, 2026) was maintained, so it neither adds nor takes away points.
Gross margin slipping
Gross margin was 66.6% over the last twelve months, against 67.9% a year earlier.
Past performance4/6
Return on equity over 15%
Return on equity was 61.7% over the last twelve months and averaged 93.0% over five years.
Return on invested capital
Needs operating income and invested capital.
Return on equity above the industry
Betterware de Mexico, S.A.P.I. de C.V's return on equity of 61.7% is above the Nonstore Retailers median of 9.1%.
Earnings grew over 5 years
Net income grew 28.9% a year on average over the last five fiscal years.
Net margin below its 5-year average
Net margin was 7.4% over the last twelve months, against a 5-year average of 9.1%.
Net margin above the industry
Betterware de Mexico, S.A.P.I. de C.V's net margin of 7.4% is above the Nonstore Retailers median of -0.2%.
Financial health2/6
High debt
Debt is 321% of shareholders' equity, above the 40% we consider low.
Debt rising against equity
Debt to equity rose from 83.4% five years ago to 321%.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 30.6% of total debt.
Interest coverage
Interest expense is not reported separately.
Short-term assets cover short-term debts
Current assets are 1.09 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
Betterware de Mexico, S.A.P.I. de C.V has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for Betterware de Mexico, S.A.P.I. de C.V. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
High risk
- Average value traded per day
- $1.22M
- Value traded per 1% price move
- $672.87K
Downside
Low risk
- Typical loss in a bad month
- 12.0%
- Volatility (annualized)
- 36%
- Sharpe ratio, 1 year
- 0.39
- Beta to the S&P 500 (5Y)
- 0.79
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.0% | +7.4% | +14.5% | – | |
| Gross profit | -1.0% | +8.0% | +19.1% | – | |
| Net income | +49.0% | +6.7% | +28.9% | – | |
| EPS, diluted | +49.0% | +6.8% | +26.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 51.6% | 84.0% | |
| Return on assets | – | 9.7% | 10.6% | |
| Current ratio | – | 0.99 | 0.92 | |
| Debt to equity | – | 0.83 | 3.02 | |
| Inventory turnover | – | 4.0× | 2.1× | |
| Capex to revenue | – | 8.5% | – | |
| Diluted shares | – | 34M | 0M |
Cash use needs five years of cash flow figures
Betterware de Mexico, S.A.P.I. de C.V does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.4% | 1.42× | 7.94× | 84.0% |
| FY2024 | 5.0% | 1.31× | 8.20× | 54.1% |
| FY2023 | 8.0% | 1.16× | 8.76× | 81.2% |
| FY2022 | 7.6% | 1.39× | 7.24× | 76.5% |
| FY2021 | 17.4% | 2.11× | 4.62× | 169.4% |
| FY2020 | 4.1% | 2.35× | 5.32× | 51.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero1.06B MXN
- Cash generatingOperating cash flow above zero2.24B MXN
- Return on assets improvedROA up on the prior year6.4% → 10.1%
- Earnings backed by cashOperating cash flow above net income2.24B MXN vs 1.06B MXN
- Less leverageLong-term debt to assets fell35.1% → 32.1%
- Better liquidityCurrent ratio rose0.95 → 0.92
- No dilutionShare count did not rise0M → 0M
- Gross margin improvedGross margin up on the prior year67.94% → 66.56%
- More efficientAsset turnover rose1.27 → 1.36
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