Betterware de México, S.A.P.I. de C.V. (BWMX) financial statements

Consumer Cyclical · Specialty Retail · Market cap $598M

Betterware de México, S.A.P.I. de C.V. reported revenue of 14.1B MXN in fiscal 2024, up 38.4% a year over 7 years.

Net income was 712M MXN.

Free cash flow was 1.6B MXN, and the company returned 998M MXN in dividends.

The diluted share count rose 123225% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (MXN).

-505101520172018201920202021202220232024RevenueFree cash flow
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Income statement

Fiscal years, in MXN, from Betterware de México, S.A.P.I. de C.V.'s 10-K filings with the SEC.

Fiscal year20172018201920202021202220232024
Revenue1.4B MXN2.3B MXN3.1B MXN7.3B MXN10.0B MXN11.5B MXN13.0B MXN14.1B MXN
Cost of revenue558M MXN958M MXN1.3B MXN3.3B MXN4.4B MXN4.0B MXN4.3B MXN4.5B MXN
Gross profit892M MXN1.4B MXN1.8B MXN4.0B MXN5.6B MXN7.5B MXN8.7B MXN9.6B MXN
Selling, general and admin496M MXN703M MXN870M MXN1.5B MXN2.5B MXN5.0B MXN5.8B MXN6.7B MXN
Interest expense118M MXN86M MXN85M MXN80M MXN76M MXN543M MXN828M MXN640M MXN
Pre-tax income305M MXN449M MXN705M MXN881M MXN2.6B MXN1.4B MXN1.4B MXN1.2B MXN
Income tax97M MXN150M MXN233M MXN543M MXN824M MXN517M MXN380M MXN469M MXN
Net income208M MXN299M MXN472M MXN338M MXN1.8B MXN873M MXN1.0B MXN712M MXN
EPS (diluted)—9.91 MXN15.63 MXN9.84 MXN48.33 MXN23.41 MXN27.89 MXN19.11 MXN
Diluted shares0M30M30M34M37M37M37M37M
Gross margin61.5%58.6%58.5%54.7%56.2%65.4%67.2%67.9%
Net margin14.3%12.9%15.3%4.7%18.0%7.6%8.0%5.0%

Balance sheet

Fiscal years, in MXN, from Betterware de México, S.A.P.I. de C.V.'s 10-K filings with the SEC.

Fiscal year20172018201920202021202220232024
Cash and short-term investments231M MXN177M MXN795M MXN1.3B MXN2.2B MXN816M MXN550M MXN297M MXN
Receivables—199M MXN247M MXN735M MXN24,000 MXN61,000 MXN1.1B MXN121M MXN
Inventory—302M MXN346M MXN1.3B MXN1.3B MXN2.1B MXN2.0B MXN2.5B MXN
Total current assets—730M MXN881M MXN2.9B MXN3.4B MXN4.4B MXN4.0B MXN4.5B MXN
Property, plant and equipment—43M MXN207M MXN791M MXN1.1B MXN3.0B MXN2.9B MXN1.8B MXN
Goodwill348M MXN348M MXN348M MXN348M MXN371M MXN1.6B MXN1.6B MXN1.6B MXN
Total assets—1.5B MXN1.8B MXN4.4B MXN5.2B MXN11.3B MXN11.1B MXN10.5B MXN
Total current liabilities—734M MXN878M MXN2.9B MXN2.4B MXN3.1B MXN3.8B MXN4.8B MXN
Long-term debt—563M MXN530M MXN524M MXN1.5B MXN5.9B MXN4.6B MXN3.7B MXN
Total liabilities—1.4B MXN1.5B MXN3.5B MXN4.0B MXN10.2B MXN9.6B MXN9.3B MXN
Shareholders' equity179M MXN80M MXN274M MXN882M MXN1.2B MXN1.1B MXN1.5B MXN1.2B MXN
Net debt-231M MXN476M MXN464M MXN-20M MXN335M MXN5.3B MXN4.6B MXN4.5B MXN

Cash flow

Fiscal years, in MXN, from Betterware de México, S.A.P.I. de C.V.'s 10-K filings with the SEC.

Fiscal year20172018201920202021202220232024
Operating cash flow373M MXN338M MXN605M MXN1.8B MXN1.5B MXN1.4B MXN2.4B MXN1.8B MXN
Capital spending34M MXN21M MXN183M MXN618M MXN402M MXN4.9B MXN262M MXN182M MXN
Free cash flow339M MXN317M MXN423M MXN1.2B MXN1.1B MXN-3.5B MXN2.1B MXN1.6B MXN
Stock-based compensation———33M MXN—6M MXN4M MXN—
Dividends paid—235M MXN343M MXN830M MXN1.4B MXN950M MXN649M MXN998M MXN
Net borrowing-154M MXN15M MXN21M MXN-45M MXN873M MXN4.7B MXN-1.1B MXN-292M MXN
Free cash flow margin23.4%13.7%13.7%16.6%10.6%-30.1%16.2%11.5%
Dividends per share—7.79 MXN11.36 MXN24.14 MXN37.50 MXN25.47 MXN17.41 MXN26.80 MXN
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Questions

What was Betterware de México, S.A.P.I. de C.V.'s revenue in 2024?

14.1B MXN in fiscal 2024, from its 10-K filing.

How much free cash flow does Betterware de México, S.A.P.I. de C.V. generate?

1.6B MXN in fiscal 2024 (operating cash flow minus capital spending).

From Betterware de México, S.A.P.I. de C.V.'s annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.