Becle, S.A.B. de C.V. (BMV: CUERVO)

Becle, S.A.B. de C.V. Income Statement

Financials in millions MXN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	44,226	44,355	45,729	39,419	35,036	29,705
Revenue Growth (YoY)	-1.70%	-3.01%	16.01%	12.51%	17.95%	5.49%
Cost of Revenue	20,765	21,874	20,642	18,145	16,790	14,039
Gross Profit	23,461	22,480	25,087	21,274	18,246	15,666
Selling, General & Admin	16,653	16,164	16,232	14,208	11,445	10,408
Other Operating Expenses	-718.06	78.04	-34.5	-54.92	-91.6	-159.79
Operating Expenses	15,935	16,242	16,197	14,153	11,353	10,249
Operating Income	7,526	6,238	8,890	7,121	6,893	5,417
Interest Expense	-1,300	-1,096	-849.53	-698.71	-544.81	-528.55
Interest & Investment Income	374.27	239.63	143.05	250.67	143.67	191.32
Earnings From Equity Investments	-43.05	-43.05	-39.02	-	-	-
Currency Exchange Gain (Loss)	-890.72	818.08	86.89	234.44	59	74.46
Other Non Operating Income (Expenses)	31.29	31.29	-	-	303.74	-
EBT Excluding Unusual Items	5,698	6,188	8,231	6,908	6,854	5,154
Other Unusual Items	-	-	-	-	-	-6.79
Pretax Income	5,698	6,188	8,231	6,908	6,854	5,147
Income Tax Expense	1,317	1,454	2,350	1,874	1,702	1,430
Earnings From Continuing Operations	4,381	4,734	5,881	5,034	5,152	3,718
Minority Interest in Earnings	-20.44	-17.98	-24.67	-14.13	-6.02	-5.83
Net Income	4,360	4,716	5,856	5,020	5,146	3,712
Net Income to Common	4,360	4,716	5,856	5,020	5,146	3,712
Net Income Growth	5.19%	-19.48%	16.67%	-2.45%	38.63%	-7.77%
Shares Outstanding (Basic)	3,591	3,591	3,591	3,591	3,591	3,586
Shares Outstanding (Diluted)	3,591	3,591	3,591	3,591	3,591	3,586
Shares Change (YoY)	-	-	-	-	0.15%	0.06%
EPS (Basic)	1.21	1.31	1.63	1.40	1.43	1.04
EPS (Diluted)	1.21	1.31	1.63	1.40	1.43	1.04
EPS Growth	5.10%	-19.48%	16.67%	-2.45%	38.42%	-7.83%
Free Cash Flow	9,677	-2,337	-5,472	2,142	201.54	331.1
Free Cash Flow Per Share	2.69	-0.65	-1.52	0.60	0.06	0.09
Dividend Per Share	0.395	0.395	0.491	0.421	0.430	0.308
Dividend Growth	-19.51%	-19.51%	16.83%	-2.30%	39.69%	-43.71%
Gross Margin	53.05%	50.68%	54.86%	53.97%	52.08%	52.74%
Operating Margin	17.02%	14.06%	19.44%	18.07%	19.67%	18.24%
Profit Margin	9.86%	10.63%	12.81%	12.73%	14.69%	12.50%
Free Cash Flow Margin	21.88%	-5.27%	-11.97%	5.43%	0.58%	1.11%
EBITDA	8,266	6,945	9,542	7,675	7,397	5,910
EBITDA Margin	18.69%	15.66%	20.87%	19.47%	21.11%	19.89%
D&A For EBITDA	740.62	706.63	651.82	553.68	504.51	492.62
EBIT	7,526	6,238	8,890	7,121	6,893	5,417
EBIT Margin	17.02%	14.06%	19.44%	18.07%	19.67%	18.24%
Effective Tax Rate	23.11%	23.50%	28.55%	27.13%	24.83%	27.77%
Advertising Expenses	-	9,986	10,162	8,689	6,688	6,425

Source: S&P Capital IQ. Standard template. Financial Sources.