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.
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
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
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
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
is considered below, and whether this is a fair price.
Price based on past earnings
Becle. de's earnings available for a low price, and how does
this compare to other companies in the same industry?
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.
Becle. de's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
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.
Juan DomingoBeckmann Legorreta
TENURE AS CEO
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.
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
management team in years:
The tenure for the Becle. de management team is about average.
Juan Domingo Beckmann Legorreta
CEO, GM & Director
Fernando Suárez Gerard
Chief Financial Officer
Director of Operations
Luis Carlos de Pablo
Director of Corporate Finance
Mariana Rojo Granados
Corporate Treasurer & Investor Relations Officer
Pedro Pablo Barragán Barragán
General Director of Legal Affairs & Secretary
Director of Human Resources
MD of Europe
Head of Site - Bushmills
Senior Vice President of Commercial Strategy for Proximo Spirits
Board of Directors
Juan Francisco Beckmann Vidal
Chairman of the Board
Juan Domingo Beckmann Legorreta
CEO, GM & Director
Ricardo Cervera Lomelí
Rojas Rebolledo Rebolledo
Carlos Javier Vara Alonso
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
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.
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