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

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

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$15.97
09/17/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for BWMX

09/17/2026: BWMX (2-star) is currently NOT-A-BUY. Pass it for now.

Betterware de México is a digital-first, direct-to-consumer company that provides home organization, kitchen, and beauty products across Mexico and Central America. Its main strength lies in a highly engaged distributor network and a technology-driven supply chain that supports frequent product innovation. The company's primary growth opportunity centers on integrating the JAFRA beauty brand and potentially expanding its regional reach. However, it faces significant risks from economic volatility, debt related to its acquisitions, and intense pricing pressure from large e-commerce platforms. The stock may best suit value and dividend-focused investors, though shareholders should monitor macroeconomic developments and the ongoing integration of its business segments closely.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitWhile the company has historically shown growth, it is currently in a more mature phase focused on integrating acquisitions.
Momentum investorWeak fitThe stock has experienced significant volatility and does not consistently signal a clear upward momentum trend.
Value investorStrong fitThe company is often priced at attractive earnings multiples relative to its cash flow generation.
Dividend investorStrong fitBWMX is known for its history of returning capital to shareholders through consistent dividend payments.
Low-risk investorWeak fitMarket volatility and exposure to Mexican economic cycles introduce risks not suitable for a low-risk profile.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is subject to liquidity fluctuations and sensitivity to broader Mexican market sentiment.
Valuation riskMediumMarket pricing can be disconnected from fundamentals due to the stock's small-cap status.
Competition risk (E-commerce)HighLarge e-commerce platforms like MELI exert pricing pressure on home goods.
Business qualityMediumWhile the platform is efficient, it remains reliant on the success of the direct-selling model.
Dividend incomeMediumDividends depend on maintaining profitability and cash flow in a volatile consumer environment.
Execution riskMediumThe successful integration and synergy realization of the JAFRA business is critical.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 29.63%
Avg. Invested days 42
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/17/2026

Upturn Scorecard

Upturn Star Rating

BWMX receives a 4-star rating, supported by solid unit economics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

BWMX has moderate overall fundamentals (3 stars), with solid financial health, solid growth momentum, and moderate ownership. In FY2025 versus FY2024, strong earnings growth (+49.0%) and solid cash generation (FCF margin 11.5%) are partially offset by moderate revenue growth (+1.0%), soft profitability (net margin 7.4%).

Financial Health Rating

BWMX's financial health is supported by strong cash strength, including free-cash-flow generation of $1.6B (11.5% of revenue). Liquidity is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

Earnings growth is BWMX's strongest growth driver at +49.0% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (+1.0%, moderate) and free-cash-flow growth (+2.3%, moderate) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 12.3% and approximately 36.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 63.22% supports management-shareholder alignment.

Top 5 Institutional Investors

MMBG INVESTMENT ADVISORS CO. 8.76%
Acadian Asset Management LLC 0.82%
Morgan Stanley - Brokerage Accounts 0.33%
The Goldman Sachs Group Inc 0.33%
QUATTRO FINANCIAL ADVISORS LLC 0.26%

Unit Economics (Per $1K Revenue)

BWMX generates approximately $666 of gross profit, $158 of operating income, and $115 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

Effective Tax Rate: 38.39%

Quantitative Style Profile

BWMX has a high-quality profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltSmall / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 636.89M USD
Price to earnings Ratio 6.18
1Y Target Price 29.22
Price to earnings Ratio 6.18
1Y Target Price 29.22
Volume (30-day avg) 78.4K shares
Beta 1.04
52 Weeks Range 11.44 - 18.89
Updated Date 09/17/2026
52 Weeks Range 11.44 - 18.89
Updated Date 09/17/2026
Dividends yield (FY) 7.84%
Basic EPS (TTM) 2.61

How Company Makes Money

Business areaWhat it includesRetail investor read
Home SolutionsDirect sales of organizational and kitchen products via catalogs and digital platforms.This is the core business; its success depends on the popularity of the catalog items.
Beauty & Personal CareSales of cosmetics and skincare products following the JAFRA acquisition.This segment adds recurring revenue through a well-established brand.
Geography: MexicoPrimary market and main source of revenue for the distribution network.The company's performance is closely tied to the Mexican economy and consumer confidence.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 6.18
Forward PE 5.7
Enterprise Value 1.03B
Price to Sales(TTM) 0.04
Enterprise Value 1.03B
Price to Sales(TTM) 0.04
Enterprise Value to Revenue 1.18
Enterprise Value to EBITDA 6.18
Shares Outstanding 39.49M
Shares Floating 14.50M
Shares Outstanding 39.49M
Shares Floating 14.50M
Percent Insiders 63.22
Percent Institutions 12.35

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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

Exchange NYSE
Headquarters El Arenal, JA, Mexico
IPO Launch date 2020-03-16
Group CEO, President & Director Mr. Andres Campos Chevallier
Sector Consumer Cyclical
Industry Specialty Retail
Full time employees 4823
Full time employees 4823

Betterware de México, S.A.P.I. de C.V. operates as a direct-to-consumer selling company in the United States and Mexico. It operates through Home Organization Products; and Beauty and Personal Care Products segments. 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, color, 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. Betterware de México, S.A.P.I. de C.V. is headquartered in El Arenal, Mexico. The company operates as a subsidiary of Campalier S.A. de C.V.