A Business at a Glance
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GRUPO SIMEC, S.A.B. de C.V.
SIM
$4.1B
Mkt Cap
$26.50
-0.38%
Item 4. Information on the Company A. History and Development of the Company Our legal name is Grupo Simec, S.A.B. de C.V. and our commercial name for advertising and publicity purposes is Simec. We are a sociedad anónima bursátil de capital variable, organized under the laws of Mexico. We are domiciled in the city of Guadalajara, Jalisco, and our principal administrative office is located at Calzada Lázaro Cárdenas 601, Guadalajara, Jalisco, Mexico 44440. Our telephone number is +52-33-3770-6700 and our website is www.gsimec.com.mx. We are a diversified manufacturer, processor and distributor of SBQ steel and structural steel products with production and commercial operations in Mexico and Brazil, and, until 2023, the United States. We believe that, in 2024, 2023 and 2022 we were an important producer of SBQ products in both the United States and Mexico, in each case in terms of shipped volume. However, in August 2023, we ceased all steelmaking operations in the United States.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.8B | 2.3B | 2.7B | 2.7B | 1.7B |
| Net Income | 569M | 569M | 243M | 393M | 463M | 131M |
| EPS | $3.71 | $3.71 | $1.59 | $2.56 | $3.01 | $0.85 |
| Free Cash Flow | 186M | 186M | 101M | 362M | 359M | 125M |
| ROIC | 34.8% | 37.2% | 16.6% | 29.7% | 36.6% | 8.5% |
| Gross Margin | 22.7% | 22.7% | 24.4% | 26.7% | 28.1% | 18.6% |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.41 | 0.00 | - |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | 681M | 681M | 351M | 560M | 682M | 26M |
| Operating Margin | 37.3% | 37.3% | 15.0% | 20.7% | 25.0% | 1.5% |
| ROE | 17.7% | 19.2% | 8.7% | 17.5% | 25.3% | 8.5% |
| Shares Outstanding | 153M | 153M | 153M | 153M | 154M | 154M |
| Metric | 2016 | 2017 | TTM | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 1.5B | 1.5B | 1.9B | 1.8B | 1.7B | 2.7B | 2.7B | 2.3B | 1.8B | 1.8B |
| Gross Margin | 17.2% | 16.4% | 14.3% | 12.0% | 18.6% | 28.1% | 26.7% | 24.4% | 22.7% | 22.7% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 286M | 163M | 220M | -7.1M | 26M | 682M | 560M | 351M | 681M | 681M |
| Op. Margin | 19.4% | 10.7% | 11.8% | -0.4% | 1.5% | 25.0% | 20.7% | 15.0% | 37.3% | 37.3% |
| Net Income | 234M | 101M | 180M | -85M | 131M | 463M | 393M | 243M | 569M | 569M |
| Net Margin | 15.9% | 6.6% | 9.7% | -4.8% | 7.8% | 17.0% | 14.5% | 10.4% | 31.1% | 31.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||||
| ROIC | 18.9% | 7.3% | 12.4% | N/A | 8.5% | 36.6% | 29.7% | 16.6% | 37.2% | 34.8% |
| ROE | 15.0% | 5.6% | 9.9% | N/A | 8.5% | 25.3% | 17.5% | 8.7% | 19.2% | 17.7% |
| ROA | 10.4% | 4.1% | 7.1% | N/A | N/A | 16.5% | 11.6% | 6.4% | 15.0% | 14.3% |
| Cash Flow | ||||||||||
| Op. Cash Flow | 306M | 169M | 168M | 54M | 170M | 411M | 447M | 243M | 301M | 301M |
| Free Cash Flow | 140M | 7.7M | 64M | -12M | 125M | 359M | 362M | 101M | 186M | 186M |
| Owner Earnings | 229M | 91M | 110M | -3.4M | 102M | 354M | 391M | 184M | 243M | 243M |
| CapEx | 166M | 161M | 104M | 66M | 44M | 52M | 85M | 142M | 115M | 115M |
| Maint. CapEx | 77M | 78M | 58M | 57M | 68M | 58M | 56M | 59M | 58M | 58M |
| Growth CapEx | 90M | 84M | 46M | 8.4M | 0 | 0 | 29M | 83M | 58M | 58M |
| D&A | 77M | 78M | 58M | 57M | 68M | 58M | 56M | 59M | 58M | 58M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 38.3% |
| Capital Allocation | ||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||||
| Net Debt | -350M | N/A | N/A | N/A | N/A | -741M | N/A | -1.3B | -1.6B | -1.6B |
| Cash & Equiv. | 404M | 383M | 365M | N/A | 361M | 742M | 1.1B | 1.3B | 1.6B | 1.6B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 336K |
| Debt/Equity | 0.03 | 0.34 | 0.38 | N/A | N/A | 0.00 | 0.41 | 0.00 | 0.00 | 0.00 |
| Interest Coverage | 133.0 | 56.5 | 255.3 | -2.5 | 10.2 | 159.2 | 199.1 | 40.1 | 3360.4 | 3355.5 |
| Equity | 1.8B | 1.8B | 1.9B | N/A | 1.5B | 2.0B | 2.4B | 2.8B | 3.2B | 3.2B |
| Total Assets | 2.2B | 2.4B | 2.6B | N/A | N/A | 2.8B | 3.4B | 3.8B | 4.0B | 4.0B |
| Total Liabilities | 464M | 619M | 697M | N/A | N/A | 762M | 981M | 967M | 763M | 763M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 131M | 123M | 123M |
| Retained Earnings | 1.0B | N/A | N/A | N/A | N/A | N/A | N/A | 2.4B | 2.9B | 2.9B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.2M | 1.2M | 1.2M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 49M | 41M | 41M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 43M | 40M | 40M |
| Per Share Data | ||||||||||
| EPS | 0.96 | 0.61 | 1.17 | -0.55 | 0.85 | 3.01 | 2.56 | 1.59 | 3.71 | 3.71 |
| Owner EPS | 0.94 | 0.56 | 0.72 | -0.02 | 0.66 | 2.30 | 2.55 | 1.20 | 1.59 | 1.59 |
| Book Value | 7.32 | 11.10 | 12.06 | N/A | 10.02 | 13.33 | 15.62 | 18.48 | 20.96 | 20.96 |
| Cash Flow/Share | 1.26 | 1.03 | 1.10 | 0.35 | 1.10 | 2.68 | 2.91 | 1.58 | 1.96 | 4.09 |
| Dividends/Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares Out. | 243.4M | 164.2M | 153.8M | 154.0M | 153.8M | 153.7M | 153.4M | 153.4M | 153.4M | 153.4M |
| Valuation | ||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 7.1 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 21.9 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.6 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.3 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.2 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.6% |
| Market Cap | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.1B |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 26.50 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 26.50 |
GRUPO SIMEC, S.A.B. de C.V. passes 4 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 25.7% with a gross margin of 24.1%.
GRUPO SIMEC, S.A.B. de C.V. (SIM) has a current P/E ratio of 7.1.
GRUPO SIMEC, S.A.B. de C.V. (SIM) has a 5-year average return on invested capital (ROIC) of 25.7%. This indicates strong capital allocation and a potential competitive advantage.
GRUPO SIMEC, S.A.B. de C.V. (SIM) has a market capitalization of $4.1B. It is classified as a mid-cap stock.
GRUPO SIMEC, S.A.B. de C.V. (SIM) does not currently pay a regular dividend.
GRUPO SIMEC, S.A.B. de C.V. (SIM) reported annual revenue of $1.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
GRUPO SIMEC, S.A.B. de C.V. (SIM) has a net profit margin of 31.1%. This is a strong margin indicating high profitability.
GRUPO SIMEC, S.A.B. de C.V. (SIM) generated $186 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
GRUPO SIMEC, S.A.B. de C.V. (SIM) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
GRUPO SIMEC, S.A.B. de C.V. (SIM) reported earnings per share (EPS) of $3.71 in its most recent fiscal year.
GRUPO SIMEC, S.A.B. de C.V. (SIM) has a return on equity (ROE) of 19.2%. This indicates the company generates strong returns for shareholders.
GRUPO SIMEC, S.A.B. de C.V. (SIM) has a 5-year average gross margin of 24.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 9 years of financial data for GRUPO SIMEC, S.A.B. de C.V. (SIM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
GRUPO SIMEC, S.A.B. de C.V. (SIM) has a book value per share of $20.96, based on its most recent annual SEC filing.
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