1. Mexico Stocks

  2. •

    Consumer Defensive

  3. •

    Beverages - Wineries & Distilleries
Becle, S.A.B. de C.V.

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

CUERVO.MX
Becle, S.A.B. de C.V.MX flagMexican Stock Exchange
14.68
MXN
+0.08
- -
52.72BMarket Cap
Becle, S.A.B. de C.V.
CUERVO.MX
(Mexican Stock Exchange)

Recent

price

14.68

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.43
4.27
5.16
6.81
7.4
7.84
8.28
9.74
10.98
12.73
12.35
12.24
12
12.51
Revenue per Share
0.43
0.74
1.48
0.88
1.48
1.12
1.04
1.43
1.4
1.63
1.31
1.1
2.41
1.56
Basic EPS, GAAP
0.28
0.6
0.46
0.67
0.39
-0.33
0.04
0.03
-0.25
-1.52
-0.65
3.07
2.27
2.42
Free Cash Flow per Basic Share
2.23
0.06
0.57
0.61
0.74
0.51
0.55
0.15
0.43
0.42
0.49
0.4
0.4
- -
Dividend per Share
3.86
4.41
5.61
6.19
11.63
5.73
6.52
8.31
9.29
10.54
11.36
12.06
- -
13.62
Book Value per Share
2.41
3.26
2.16
2.87
8.36
7.47
7.84
9.01
8.58
9.34
9.8
11.18
12.62
11.52
Tangible Book Value per Share
3,583
3,583
3,583
3,583
3,509
3,594
3,586
3,599
3,591
3,591
3,591
3,591
3,591
3,591
Basic Weighted Avg Shares
12,305
15,314
18,475
24,396
25,958
28,158
29,705
35,036
39,419
45,729
44,355
43,962
43,087
44,938
Sales/Revenue/Turnover
20.31
22.54
25.57
22.39
26.72
19.9
17.68
19.41
17.93
19.36
14.24
17.66
22.43
18.73
Operating Margin (%)
187
284
244
451
435
531
685
714
817
953
1,074
1,137
1,349
1,261
Depreciation Expense
1,552
2,636
5,308
3,148
5,193
4,025
3,712
5,146
5,020
5,856
4,716
3,950
8,646
5,615
Net Income, GAAP
38.99
30.42
30.32
32.86
12.72
21.64
27.77
24.83
27.13
28.55
23.5
24.14
27.03
24.12
Effective Tax Rate (%)
12.61
17.21
28.73
12.9
20.01
14.29
12.5
14.69
12.73
12.81
10.63
8.99
20.07
12.49
Profit Margin (%)
6,507
9,279
11,020
15,269
31,495
26,164
24,963
22,919
26,002
23,982
26,288
25,969
27,779
25,104
Working Capital
40
2
8,490
10,207
9,781
9,745
11,047
11,751
20,335
19,919
26,252
25,255
20,291
23,101
LT Debt
14,845
17,991
23,647
28,052
46,985
47,872
48,592
54,745
58,443
58,423
57,639
66,795
70,293
67,588
Total Equity
- -
14.08
13.07
10.54
12.84
7.7
6.45
8.04
7.02
7.98
5.91
6.54
7.55
7.09
Return on Invested Capital (%)
- -
16.77
23.76
11.17
13.5
10.73
12.49
14.34
11.36
11.37
8.75
7.07
20.3
9
Return on Capital (%)
- -
17.79
29.59
14.9
16.5
13.11
16.87
19.31
15.87
16.45
12
9.39
39.92
11.94
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
3,763
3,850
535
LT Borrowings
23,206
23,294
21,689
LT Finance Leases
2,049
1,662
1,412
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,591
3,591
3,591
Market Capitalization
84,137
67,583
81,336

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
41,808
40,786
36,475
Cash, Cash Equivalents & STI
10,718
11,047
6,918
Accounts Receivable, Net
12,038
9,534
10,888
Inventories
15,903
15,545
15,010
Total Current Liabilities
15,838
14,963
11,371
Payables & Accruals
- -
- -
- -
ST Debt
3,763
3,850
535
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.87%
5.3%
5.24%
Free Cash Flow
-140.29%
-216.9%
-25.96%
Net Income, GAAP
13%
19.48%
118.89%
Sales/Revenue/Turnover
9.3%
4.53%
-1.99%
Total Cash Common Dividend
11.05%
35.96%
0.42%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,960
11,153
10,949
12,900
43,962
2025
9,628
11,462
11,077
- -
43,087
2026
7,405
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.14
0.25
0.43
1.1
2025
0.32
0.56
0.38
- -
2.41
2026
0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.4
2025
- -
- -
- -
- -
0.4
2026
- -
- -
- -
- -
- -
Similar Companies
Dynasty Fine Wines Group Limited (0828.HK)
Umida Group AB ser. B (UMIDA-B.ST)
Yantai Changyu Pioneer Wine Co., Ltd. (000869.SZ)
Willamette Valley Vineyards, Inc. (WVVIP)
Associated Alcohols & Breweries Limited (ASALCBR.BO)
Jiangsu King's Luck Brewery Joint-Stock Co., Ltd. (603369.SS)
Business
Becle, S.A.B. de C.V. produces, bottles, markets, and distributes a broad portfolio of alcoholic and non-alcoholic beverages, including tequila, whiskey, rum, gin, vodka, and ready-to-drink products; core offerings encompass the Jose Cuervo family of tequilas, alongside brands such as 1800 Tequila, Kraken Rum, Bushmills Whiskey, Boodles Gin, Three Olives Vodka, Hangar 1 Vodka, Stranahan's Whiskey, and Great Jones Whiskey. Founded in 1758 and headquartered in Mexico City, Mexico, the company operates vertically integrated agave farming and processing through subsidiaries like Tequila Cuervo La Rojeña SA de CV and Casa Cuervo SA de CV, serving premium spirits consumers in Mexico, the United States, Canada, and over 85 countries worldwide. In recent developments, Becle reports robust financial growth with Q3 2025 EBITDA surging 63.3% to MXN 3.5 billion and gross margins expanding 300 basis points to 56.1% amid lower input costs and efficiencies; the company advances ready-to-drink cans with 30% growth, advances its annual dividend earlier to May with higher payout ratios, retires $153 million in senior notes using cash reserves, and reaffirms full-year guidance for margin expansion and volume leverage.