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

NASDAQ•BWMX

CEO: Mr. Andres Campos Chevallier

Sector: Consumer Cyclical

Industry: Specialty Retail

Listing Date: 2019-01-03

Betterware de México, S.A.P.I. de C.V. operates as a direct-to-consumer selling company in the United Staes and Mexico. It operates through two segments, Home Organization Products; and Beauty and Personal Care Products. The Home Organization Products segment provides a portfolio of products comprising kitchen and food preservation; home solutions; bedroom; bathroom; laundry and cleaning; wellness; and technology and mobility. The Beauty and Personal Care Products segment offers fragrances, colors, skin care products, and toiletries. It sells its products through catalogues, as well as distributes through a network of distributors, associates, leaders, and consultants to the end customers. The company is headquartered in El Arenal, Mexico. Betterware de México, S.A.P.I. de C.V. is a subsidiary of Campalier S.A. de C.V.

Contact Information

Cruce carretera GDL-Ameca-Huaxtla Km 5, El Arenal, JA, 45350, Mexico

52-33-3836-0500

www.betterware.com.mx

Market Cap

$638.86M

P/E (TTM)

11.0

33.6

Dividend Yield

6.8%

52W High

$19.79

52W Low

$7.00

52W Range

79%

Rank41Top 44.9%

4.0

F-Score

Modified Piotroski Analysis

Based on 8-year fundamentals

Average • 4 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2018-2025

Financial Dashboard

Q3 2025 Data

Revenue

$3.38B+1.41%

4-Quarter Trend

EPS

$8.42-371.61%

4-Quarter Trend

FCF

$551.76M-1031.45%

4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Total Revenue Increased 8.4% Total net revenue reached 14.10B Ps. for 2024, driven by 11.3% growth in JAFRA segment sales.

JAFRA Segment Revenue Jumps JAFRA segment revenue grew 11.3% to 8.11B Ps. due to strong product innovation and pricing strategy execution.

HQ/DC Investment Completed BWM completed its new headquarters and distribution center investment totaling 1.11B Ps. during the reporting period.

Cash Reserves Significantly Lowered Cash and cash equivalents decreased to 296.6M Ps. by year-end 2024, down from 549.7M Ps. in 2023.

Risk Factors

Internal Control Over Reporting Management concluded ICFR was not effective due to material weaknesses in control environment and business combination processes.

High Mexico Operational Exposure Over 90% of operations concentrated in Mexico, creating vulnerability to political, economic, and currency fluctuation risks.

Net Income Suffered Decline Net income attributable to owners fell to 711.7M Ps. in 2024 from 1.04B Ps. in 2023, impacted by asset sales.

Cost Pressures Impact BWM BWM Cost of Sales rose 5.2% due to 22.7% peso depreciation and surging freight costs impacting gross margins.

Outlook

US Market Expansion Launched Group officially launched Betterware USA in Dallas, Texas, focusing on a new e-commerce and direct selling model.

JAFRA Asset Divestiture Strategy Jafra Mexico completed property sales in 2024 to enhance liquidity and streamline core business activities.

Strengthening Internal Controls Implementing comprehensive COSO framework rollout in 2025 to address material weaknesses identified in financial reporting.

Hedging Foreign Currency Exposure BWM employs forward contracts covering 100% of home organization product needs until June 2025 to mitigate peso devaluation.

Peer Comparison

Revenue (TTM)

BWMX

$14.22B

+3.6%

ARKO

$7.64B

-12.5%

CPS

$2.74B

+0.4%

Gross Margin (Latest Quarter)

KFS

100.0%

+25.1pp

YSG

78.2%

+2.3pp

BWMX

68.5%

-2.7pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
GDEN	$763.23M	-62.4	-2.8%	57.7%
ARKO	$706.47M	31.6	6.2%	111.8%
HZO	$654.87M	-11.3	-6.1%	50.4%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-3.7%

Flat Growth

4Q Net Income CAGR

10.6%

Profitability Improving

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Apr 23, 2026

EPS:$7.49

Revenue:$3.60B

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data