Betterware de México, S.A.P.I. de C.V., remains undervalued at ~4.5x pro forma EBITDA, offering a 7.5% dividend yield and a reiterated 'Buy' rating. Recent cartel-related violence in Mexico poses cyclical risks to consumer confidence and discretionary spending, potentially impacting BWMX's near-term growth. Base and bear scenarios yield price targets of $27 and $22.50, respectively, with a midpoint of $24.75, supporting a +25% upside case.