Betterware de Mexico, S.A.B. de C.V. (BWMX) declined in the current market after announcing its fourth quarter and fiscal 2021 results. BWMX values at $14.25, losing more than 32% compared to yesterday’s closing price. The stock closed at $21.23 at the end of the last trading session. The stock volume traded in the last trading session was around 144.7K shares. The current market cap of the company is around $776.70 million.
BWMX: Q4 and Fiscal 2021 Key Financials
- Betterware de Mexico, S.A.B. de C.V. (BWMX) revenue in Q4 2021 was $2.18 billion. It is a gain of more than 11% compared to the revenue of Q4 in 2020.
- Fiscal year revenue was $10.03 billion, and it is an increase of more than 41% compared to the revenue in fiscal 2020.
- The company’s net income in Q4 2021 was around $214 million. The net income is more than 322% compared to the net income in Q4 2020
- BWMX net income in fiscal 2021 was around $1.8 billion, more than 287%, compared to the net income in fiscal 2020.
- The Q4 2021 earnings per share were $5.74, more than 309% from Q4 2020.
- For fiscal 2021, earnings per share were $49.41, more than 398% compared to the EPS in fiscal 2020.
BWMX 2022 Outlook
Their strategic advantages and activities position the Business to diversify its supply chain, expand its categories and product line, and maintain and increase distributors and associates.
Despite this, they feel it prudent to publish a fiscal 2022 projection that includes Net Revenue and EBITDA in line with fiscal 2021, assuming no significant change in the external environment. It implies YoY growth in 2H 2022.
BWMX Dividend Update
The Board of Directors of the firm has planned to pay the fourth installment of its dividend of Ps. 350M, implying an annualized dividend yield of about 8.7 percent. Shareholders must approve dividends for the fourth quarter of 2021 at the company’s next annual meeting, which will take place on February 11th, 2022.
Conclusion
The company announced a solid financial statement for the year 2021. The financial variables of the company improved by some massive percentage. The company’s outlook seems like the company is planning on improving its supply chain to achieve better results.
