Becle S.A.B. de C.V (CUERVO) - Net Assets
Based on the latest financial reports, Becle S.A.B. de C.V (CUERVO) has net assets worth MX$70.29 Billion MXN (≈ $4.05 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$106.10 Billion ≈ $6.11 Billion USD) and total liabilities (MX$35.81 Billion ≈ $2.06 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Becle S.A.B. de C.V's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | MX$70.29 Billion |
| % of Total Assets | 66.25% |
| Annual Growth Rate | 13.84% |
| 5-Year Change | 20.28% |
| 10-Year Change | 150.58% |
| Growth Volatility | 29.72 |
Becle S.A.B. de C.V - Net Assets Trend (2013–2025)
This chart illustrates how Becle S.A.B. de C.V's net assets have evolved over time, based on quarterly financial data. Also explore CUERVO current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Becle S.A.B. de C.V (2013–2025)
The table below shows the annual net assets of Becle S.A.B. de C.V from 2013 to 2025. For live valuation and market cap data, see Becle S.A.B. de C.V market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | MX$70.29 Billion ≈ $4.05 Billion |
+5.24% |
| 2024-12-31 | MX$66.80 Billion ≈ $3.84 Billion |
+15.88% |
| 2023-12-31 | MX$57.64 Billion ≈ $3.32 Billion |
-1.34% |
| 2022-12-31 | MX$58.42 Billion ≈ $3.36 Billion |
-0.03% |
| 2021-12-31 | MX$58.44 Billion ≈ $3.36 Billion |
+6.76% |
| 2020-12-31 | MX$54.75 Billion ≈ $3.15 Billion |
+12.66% |
| 2019-12-31 | MX$48.59 Billion ≈ $2.80 Billion |
+1.50% |
| 2018-12-31 | MX$47.87 Billion ≈ $2.76 Billion |
+1.89% |
| 2017-12-31 | MX$46.99 Billion ≈ $2.70 Billion |
+67.49% |
| 2016-12-31 | MX$28.05 Billion ≈ $1.61 Billion |
+84.47% |
| 2015-12-31 | MX$15.21 Billion ≈ $875.18 Million |
+36.46% |
| 2014-12-31 | MX$11.14 Billion ≈ $641.33 Million |
-24.93% |
| 2013-12-31 | MX$14.84 Billion ≈ $854.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Becle S.A.B. de C.V's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | MX$70.22 Billion | 100.00% |
| Total Equity | MX$70.22 Billion | 100.00% |
Becle S.A.B. de C.V Competitors by Market Cap
The table below lists competitors of Becle S.A.B. de C.V ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wuxi Taiji Industry Co Ltd
SHG:600667
|
$2.94 Billion |
|
China Science Publishing & Media Ltd
SHG:601858
|
$2.94 Billion |
|
PNB Housing Finance Limited
NSE:PNBHOUSING
|
$2.94 Billion |
|
Kinaxis Inc
TO:KXS
|
$2.94 Billion |
|
MGE Energy Inc
NASDAQ:MGEE
|
$2.93 Billion |
|
ICU Medical Inc
NASDAQ:ICUI
|
$2.93 Billion |
|
ROCKWOOL International A/S
CO:ROCK-A
|
$2.93 Billion |
|
Joincare Pharmaceutical Group Industry Co Ltd
SHG:600380
|
$2.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Becle S.A.B. de C.V's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 66,723,000,000 to 70,224,000,000, a change of 3,501,000,000 (5.2%).
- Net income of 8,646,000,000 contributed positively to equity growth.
- Dividend payments of 1,426,000,000 reduced retained earnings.
- Other factors decreased equity by 3,719,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$8.65 Billion | +12.31% |
| Dividends Paid | MX$1.43 Billion | -2.03% |
| Other Changes | MX$-3.72 Billion | -5.3% |
| Total Change | MX$- | 5.25% |
Book Value vs Market Value Analysis
This analysis compares Becle S.A.B. de C.V's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.73x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.09x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | MX$13.07 | MX$14.20 | x |
| 2018-12-31 | MX$13.31 | MX$14.20 | x |
| 2019-12-31 | MX$13.40 | MX$14.20 | x |
| 2020-12-31 | MX$15.22 | MX$14.20 | x |
| 2021-12-31 | MX$16.25 | MX$14.20 | x |
| 2022-12-31 | MX$16.24 | MX$14.20 | x |
| 2023-12-31 | MX$16.01 | MX$14.20 | x |
| 2024-12-31 | MX$18.58 | MX$14.20 | x |
| 2025-12-31 | MX$19.55 | MX$14.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Becle S.A.B. de C.V utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.07%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.51x
- Recent ROE (12.31%) is below the historical average (12.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 10.47% | 12.61% | 0.58x | 1.43x | MX$69.90 Million |
| 2014 | 23.71% | 23.47% | 0.70x | 1.45x | MX$1.52 Billion |
| 2015 | 34.91% | 36.83% | 0.51x | 1.85x | MX$3.79 Billion |
| 2016 | 11.23% | 12.90% | 0.53x | 1.63x | MX$345.50 Million |
| 2017 | 11.07% | 20.01% | 0.40x | 1.38x | MX$500.06 Million |
| 2018 | 8.42% | 14.29% | 0.42x | 1.40x | MX$-755.62 Million |
| 2019 | 7.65% | 12.50% | 0.42x | 1.46x | MX$-1.14 Billion |
| 2020 | 9.41% | 14.69% | 0.43x | 1.49x | MX$-320.62 Million |
| 2021 | 8.60% | 12.73% | 0.41x | 1.64x | MX$-815.32 Million |
| 2022 | 10.04% | 12.81% | 0.47x | 1.68x | MX$25.72 Million |
| 2023 | 8.20% | 10.63% | 0.45x | 1.73x | MX$-1.03 Billion |
| 2024 | 5.92% | 8.99% | 0.39x | 1.70x | MX$-2.72 Billion |
| 2025 | 12.31% | 20.07% | 0.41x | 1.51x | MX$1.62 Billion |
Industry Comparison
This section compares Becle S.A.B. de C.V's net assets metrics with peer companies in the Beverages - Wineries & Distilleries industry.
Industry Context
- Industry: Beverages - Wineries & Distilleries
- Average net assets among peers: $13,178,000,000
- Average return on equity (ROE) among peers: 17.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Becle S.A.B. de C.V (CUERVO) | MX$70.29 Billion | 10.47% | 0.51x | $2.93 Billion |
| Diageo plc (DEON) | $13.18 Billion | 17.86% | 2.74x | $44.47 Billion |
About Becle S.A.B. de C.V
Becle, S.A.B. de C.V. manufactures and distributes spirits and other distilled beverages 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, Gran Centenario, and Maestro Dobel brand names; whiskey, including North American whiskey under the Stranahan's, Tincup, and Pendleton bra… Read more