Betterware de México, S.A.P.I. de C.V.
AI Valuation
AI-generated fair value estimate for this company.
AI Fair Value
$23.15
Market Price
$16.31
Undervalued By
29.5%
Method: 10-year unlevered FCF DCF computed in MXN and converted to USD: MXN1,869M normalized FCF base (average of FY2024 MXN1,616M and FY2025 MXN2,122M); 8% growth years 1-5, 5% years 6-10; 14% MXN discount rate reflecting Mexico country/currency risk; 3% terminal growth; MXN7,198M net debt; USD/MXN 17.684; 37.24M shares outstanding.
Reasoning: Betterware is a mature, highly cash-generative Mexican direct-sales home-goods company carrying meaningful debt, with growth decelerating from the 2019-2025 acquisition-boosted pace to mid-single digits, so a MXN-native DCF discounted at a Mexico-appropriate rate and converted at spot FX is the most defensible approach.