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Becle. de

DB:6BE
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6BE
DB
MX$108B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Becle, S.A.B. de C.V., together with its subsidiaries, produces, distributes, and sells alcoholic and non-alcoholic beverages, and ready to drink cocktails in Mexico, the United States, Canada, and internationally. The last earnings update was 79 days ago. More info.


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6BE Share Price and Events
7 Day Returns
-0.7%
DB:6BE
1.7%
DE Beverage
1.2%
DE Market
1 Year Returns
3%
DB:6BE
5.4%
DE Beverage
0.4%
DE Market
6BE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Becle. de (6BE) -0.7% 4.9% 3.7% 3% - -
DE Beverage 1.7% 3.1% -0.3% 5.4% 33.7% 67.9%
DE Market 1.2% -1.3% -0.9% 0.4% 6.9% 24.4%
1 Year Return vs Industry and Market
  • 6BE underperformed the Beverage industry which returned 5.4% over the past year.
  • 6BE outperformed the Market in Germany which returned 0.4% over the past year.
Price Volatility
6BE
Industry
5yr Volatility vs Market

Value

 Is Becle. de undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Becle. de to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Becle. de.

DB:6BE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:6BE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.507 (1 + (1- 30%) (10.62%))
0.695
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:6BE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Becle. de is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:6BE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MXN, Millions) Source Present Value
Discounted (@ 5%)
2020 3,904.00 Analyst x3 3,718.24
2021 4,789.00 Analyst x1 4,344.10
2022 5,420.61 Est @ 13.19% 4,683.06
2023 5,924.76 Est @ 9.3% 4,875.06
2024 6,314.54 Est @ 6.58% 4,948.55
2025 6,609.65 Est @ 4.67% 4,933.35
2026 6,830.41 Est @ 3.34% 4,855.54
2027 6,994.77 Est @ 2.41% 4,735.78
2028 7,117.38 Est @ 1.75% 4,589.50
2029 7,209.58 Est @ 1.3% 4,427.74
Present value of next 10 years cash flows MX$46,110.00
DB:6BE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= MX$7,209.58 × (1 + 0.23%) ÷ (5% – 0.23%)
MX$151,552.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MX$151,552.29 ÷ (1 + 5%)10
MX$93,075.41
DB:6BE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MX$46,110.00 + MX$93,075.41
MX$139,185.41
Equity Value per Share
(MXN)
= Total value / Shares Outstanding
= MX$139,185.41 / 3,586.63
MX$38.81
DB:6BE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:6BE represents 0.04653x of BMV:CUERVO *
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.04653x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 38.81 x 0.04653
€1.81
Value per share (EUR) From above. €1.81
Current discount Discount to share price of €1.39
= -1 x (€1.39 - €1.81) / €1.81
23%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Becle. de is available for.
Intrinsic value
23%
Share price is €1.39 vs Future cash flow value of €1.81
Current Discount Checks
For Becle. de to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Becle. de's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Becle. de's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Becle. de's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Becle. de's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:6BE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in MXN MX$1.11
BMV:CUERVO * Share Price ** BMV (2019-10-11) in MXN MX$29.87
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 27.67x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.64x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Becle. de.

DB:6BE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BMV:CUERVO * Share Price ÷ EPS (both in MXN)

= 29.87 ÷ 1.11

26.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Becle. de is good value based on earnings compared to the DE Beverage industry average.
  • Becle. de is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Becle. de's expected growth come at a high price?
Raw Data
DB:6BE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
15.8%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.85x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

DB:6BE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.8x ÷ 15.8%

1.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Becle. de is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Becle. de's assets?
Raw Data
DB:6BE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in MXN MX$12.97
BMV:CUERVO * Share Price * BMV (2019-10-11) in MXN MX$29.87
Germany Beverage Industry PB Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.57x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.72x
DB:6BE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:CUERVO * Share Price ÷ Book Value per Share (both in MXN)

= 29.87 ÷ 12.97

2.3x

* Primary Listing of Becle. de.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Becle. de is overvalued based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Becle. de's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Becle. de has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Becle. de expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Becle. de expected to grow at an attractive rate?
  • Becle. de's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Becle. de's earnings growth is expected to exceed the Germany market average.
  • Becle. de's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:6BE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:6BE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 15.8%
DB:6BE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 7.6%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average -0.7%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:6BE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in MXN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:6BE Future Estimates Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,423
2022-12-31 6,925
2021-12-31 34,188 5,739 5,153 4
2020-12-31 32,300 5,140 4,798 7
2019-12-31 29,290 5,615 3,644 4
2019-10-11
DB:6BE Past Financials Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income *
2019-06-30 28,922 1,042 3,994
2019-03-31 29,129 2,334 4,599
2018-12-31 28,158 -179 4,025
2018-09-30 26,228 -138 4,876
2018-06-30 25,586 1,372 5,349
2018-03-31 25,334 -774 4,898
2017-12-31 25,958 2,422 5,193
2017-09-30 25,000 1,427 2,950
2017-06-30 23,872 515 2,852
2017-03-31 24,484 4,674 2,930
2016-12-31 24,396 3,443 3,148
2016-09-30 21,858 4,297 3,710

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Becle. de's earnings are expected to grow by 15.8% yearly, however this is not considered high growth (20% yearly).
  • Becle. de's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:6BE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Becle. de Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6BE Future Estimates Data
Date (Data in MXN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.49 1.68 1.18 4.00
2020-12-31 1.34 1.93 1.10 8.00
2019-12-31 1.09 1.31 0.94 8.00
2019-10-11
DB:6BE Past Financials Data
Date (Data in MXN Millions) EPS *
2019-06-30 1.11
2019-03-31 1.28
2018-12-31 1.12
2018-09-30 1.35
2018-06-30 1.49
2018-03-31 1.40
2017-12-31 1.48
2017-09-30 0.83
2017-06-30 0.78
2017-03-31 0.80
2016-12-31 1.05
2016-09-30 2.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Becle. de is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Becle. de's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Becle. de has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Becle. de performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Becle. de's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Becle. de's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Becle. de's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Becle. de's 1-year earnings growth is negative, it can't be compared to the DE Beverage industry average.
Earnings and Revenue History
Becle. de's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Becle. de Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6BE Past Revenue, Cash Flow and Net Income Data
Date (Data in MXN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 28,921.61 3,993.90 10,683.52
2019-03-31 29,129.33 4,599.02 10,590.50
2018-12-31 28,158.21 4,024.88 10,580.74
2018-09-30 26,228.30 4,875.64 9,333.41
2018-06-30 25,586.42 5,349.07 9,225.70
2018-03-31 25,334.04 4,897.59 9,280.92
2017-12-31 25,957.94 5,193.19 9,184.49
2017-09-30 24,999.95 2,950.32 9,176.20
2017-06-30 23,872.48 2,852.45 9,156.36
2017-03-31 24,483.70 2,930.11 9,065.11
2016-12-31 24,396.21 3,147.75 8,996.95
2016-09-30 21,857.56 3,710.05 3,209.28
2016-06-30 21,729.01 3,632.10 4,026.34
2016-03-31 20,271.68 3,325.24 6,129.52
2015-12-31 18,474.84 5,308.45 6,526.10
2015-09-30 21,692.57 5,703.18 7,936.74
2015-06-30 19,272.47 5,239.88 7,402.23
2015-03-31 11,694.73 5,340.71 3,540.89
2014-12-31 15,313.80 2,635.77 5,625.43
2013-12-31 12,304.98 1,551.76 4,501.82

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Becle. de has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Becle. de used its assets more efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Becle. de's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Becle. de's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Becle. de has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Becle. de's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Becle. de's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Becle. de is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Becle. de's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Becle. de's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Becle. de Company Filings, last reported 3 months ago.

DB:6BE Past Debt and Equity Data
Date (Data in MXN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 46,602.51 9,544.58 8,704.41
2019-03-31 48,147.50 9,736.68 12,789.32
2018-12-31 47,871.81 9,793.20 12,027.93
2018-09-30 45,045.57 9,464.08 12,119.91
2018-06-30 46,719.86 9,897.33 13,438.45
2018-03-31 45,415.89 9,224.34 14,714.69
2017-12-31 46,985.31 9,828.83 19,995.89
2017-09-30 42,315.73 9,129.93 18,676.59
2017-06-30 42,583.50 8,891.69 19,170.65
2017-03-31 42,385.62 9,427.22 20,418.93
2016-12-31 28,052.43 10,259.98 5,128.14
2016-09-30 26,661.88 9,778.61 5,491.22
2016-06-30 16,347.20 9,388.90 4,526.41
2016-03-31 15,663.08 8,713.69 3,410.98
2015-12-31 23,646.86 8,535.92 4,139.38
2015-09-30 15,407.26 8,503.65 4,282.12
2015-06-30 14,581.59 7,783.80 3,267.37
2015-03-31 11,143.78 995.44 4,724.45
2014-12-31 17,991.30 1,039.17 5,367.80
2013-12-31 14,844.59 995.88 2,371.59
  • Becle. de's level of debt (20.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (6.2% vs 20.5% today).
  • Debt is not well covered by operating cash flow (10.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.5x coverage).
X
Financial health checks
We assess Becle. de's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Becle. de has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Becle. de's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.83%
Current annual income from Becle. de dividends. Estimated to be 2.14% next year.
If you bought €2,000 of Becle. de shares you are expected to receive €37 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Becle. de's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Becle. de's dividend is below the markets top 25% of dividend payers in Germany (3.96%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:6BE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:6BE Future Dividends Estimate Data
Date (Data in MX$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.78 4.00
2020-12-31 0.62 5.00
2019-12-31 0.55 5.00
2019-10-11
DB:6BE Past Annualized Dividends Data
Date (Data in MX$) Dividend per share (annual) Avg. Yield (%)
2019-07-24 0.547 1.885
2019-04-30 0.547 1.837
2019-02-28 0.547 1.903
2018-07-25 0.508 1.954
2018-04-30 0.508 1.685
2017-04-28 0.000 0.000
2017-02-27 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Becle. de has stable dividend payments.
  • Becle. de only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Becle. de's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Becle. de's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Becle. de afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Becle. de has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Becle. de's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Juan Domingo Beckmann Legorreta
TENURE AS CEO 0.1 years
CEO Bio

Mr. Juan Domingo Beckmann Legorreta serves as the Chief Executive Officer and Executive of General Direction of Jose Cuervo. Mr. Legorreta serves as Chief Executive Officer and General Manager of Becle, S.A. De C.V. He also joined the founding group of the association Generacin Empresarial Mexicana (Managerial Generation of Mexico). He joined the board of the Consejo de la Comunicacin (government sponsored council to promote integrity and honesty in Mexico) and since June 21, 2004, has held the presidency of the council. He served as an Independent Director of Grupo Sanborns, S.A.B. de C.V. He serves as a Member of The Board of Directors of Sears Mexico. He served as a Director of Banco Ve por Más, SA, Institución de Banca Múltiple and Grupo Financiero Ve por Más. In March 2008, the World Economic Forum elected Mr. Beckmann Legorreta as Young Global Leader, an award granted each year to recognize and acknowledge the 200 top young leaders from around the world for their professional accomplishments and commitment to society. He has served on the board of directors of Acciones y Valores, S.A. He attended the Senior Management Program at the Instituto Panamericano en Alta Dirección in Mexico City and the Executive Development Program at Columbia University in New York. He has a bachelor’s degree in business administration and a graduate degree in marketing from the Universidad Anahuac.

CEO Compensation
  • Insufficient data for Juan Domingo to compare compensation growth.
  • Insufficient data for Juan Domingo to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Becle. de management team in years:

2.1
Average Tenure
  • The tenure for the Becle. de management team is about average.
Management Team

Juan Domingo Beckmann Legorreta

TITLE
CEO, GM & Director
TENURE
0.1 yrs

Fernando Suárez Gerard

TITLE
Chief Financial Officer
AGE
46
TENURE
1 yrs

Alejandro Coronado

TITLE
Director of Operations
TENURE
4.8 yrs

Luis Carlos de Pablo

TITLE
Director of Corporate Finance

Mariana Rojo Granados

TITLE
Corporate Treasurer & Investor Relations Officer

Pedro Pablo Barragán Barragán

TITLE
General Director of Legal Affairs & Secretary

Eduardo Amaya

TITLE
Director of Human Resources

Gordon Dron

TITLE
MD of Europe
TENURE
3.2 yrs

Colum Egan

TITLE
Head of Site - Bushmills

Steve Shanley

TITLE
Senior Vice President of Commercial Strategy for Proximo Spirits
Board of Directors

Juan Francisco Beckmann Vidal

TITLE
Chairman of the Board

Juan Domingo Beckmann Legorreta

TITLE
CEO, GM & Director

Ricardo Cervera Lomelí

TITLE
Independent Director

Mike Cheek

TITLE
Independent Director
AGE
74

Rojas Rebolledo Rebolledo

TITLE
Independent Director
AGE
74

John Millian

TITLE
Independent Director
AGE
66

Carlos Javier Vara Alonso

TITLE
Independent Director
AGE
51
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Becle. de's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Becle. de has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Becle, S.A.B. de C.V., together with its subsidiaries, produces, distributes, and sells alcoholic and non-alcoholic beverages, and ready to drink cocktails in Mexico, the United States, Canada, and internationally. The company offers tequila under the 1800, Jose Cuervo Especial, Jose Cuervo Tradicional, Reserva de la Familia, Azul Centenario, and Maestro Dobel brand names; whiskey under the Stranahan’s, Tincup, Bushmills, and The sexton brand names; rum under the Kraken brand name; and vodka under Three Olives and Hangar 1 brand names. It also provides ready to drink cocktails under the Paloma, Rum and Cola, and 1800 Margarita brand names; and non-alcoholic beverages under the Boost and Margarita Mix brand names. The company, formerly known as JB y Compañía, S. A. de C. V., was founded in 1758 and is based in Mexico City, Mexico.

Details
Name: Becle, S.A.B. de C.V.
6BE
Exchange: DB
Founded: 1758
MX$5,042,070,239
3,586,629,772
Website: http://www.ircuervo.com
Address: Becle, S.A.B. de C.V.
Guillermo Gonzalez Camarena No. 800-4,
Álvaro Obregón,
Mexico City,
Mexico State, 01210,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV CUERVO * Series B Variable Shares Bolsa Mexicana de Valores MX MXN 10. Feb 2017
OTCPK BCCL.F Series B Variable Shares Pink Sheets LLC US USD 10. Feb 2017
DB 6BE Series B Variable Shares Deutsche Boerse AG DE EUR 10. Feb 2017
Number of employees
Current staff
Staff numbers
7,427
Becle. de employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/11 22:48
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/18
Last earnings filing: 2019/07/24
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.