Grupo Simec. de
Market Cap
US$1.4b
Last Updated
2019/10/23 23:36 UTC
Data Sources
Company Financials +
Executive Summary
Grupo Simec, S.A.B. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in the United States, Mexico, Canada, and Brazil.
Snowflake
Fundamentals
Flawless balance sheet and good value.
Similar Companies
Share Price & News
How has Grupo Simec. de's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-4.6%
SIM
3.2%
US Metals and Mining
0.4%
US Market
1 Year Return
3.1%
SIM
-1.4%
US Metals and Mining
11.4%
US Market
Return vs Industry: SIM exceeded the US Metals and Mining industry which returned -1.4% over the past year.
Return vs Market: SIM underperformed the US Market which returned 11.4% over the past year.
Shareholder returns
| SIM | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.6% | 3.2% | 0.4% |
| 30 Day | -1.6% | -1.0% | 0.3% |
| 90 Day | 8.6% | -5.0% | -1.2% |
| 1 Year | 3.1%3.1% | 1.6%-1.4% | 13.9%11.4% |
| 3 Year | -12.5%-12.5% | 11.0%5.2% | 47.2%37.6% |
| 5 Year | -29.6%-29.6% | 1.6%-6.2% | 62.4%44.6% |
Price Volatility Vs. Market
How volatile is Grupo Simec. de's share price compared to the market and industry in the last 5 years?
Simply Wall St News
10 months ago | Simply Wall St
Based On Its ROE, Is Grupo Simec, S.A.B. de C.V. (NYSEMKT:SIM) A High Quality Stock?1 year ago | Simply Wall St
How Does Investing In Grupo Simec SAB de CV (NYSEMKT:SIM) Impact Your Portfolio?1 year ago | Simply Wall St
Is Grupo Simec SAB de CV (NYSEMKT:SIM) A Financially Sound Company?Valuation
Is Grupo Simec. de undervalued compared to its fair value and its price relative to the market?
32.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SIM ($9.21) is trading below our estimate of fair value ($13.73)
Significantly Below Fair Value: SIM is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SIM is good value based on its PE Ratio (10.8x) compared to the Metals and Mining industry average (13.7x).
PE vs Market: SIM is good value based on its PE Ratio (10.8x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: SIM is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: SIM is good value based on its PB Ratio (0.8x) compared to the US Metals and Mining industry average (1.4x).
Next Steps
Future Growth
How is Grupo Simec. de forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
6.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SIM's forecast earnings growth (6.7% per year) is above the savings rate (2.7%).
Earnings vs Market: SIM's earnings (6.7% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: SIM's earnings are forecast to grow, but not significantly.
Revenue vs Market: SIM's revenue (4.3% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: SIM's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SIM's Return on Equity is forecast to be low in 3 years time (8%).
Next Steps
Past Performance
How has Grupo Simec. de performed over the past 5 years?
25.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SIM's earnings have grown significantly by 25% per year over the past 5 years.
Accelerating Growth: SIM's earnings growth over the past year (27.8%) exceeds its 5-year average (25% per year).
Earnings vs Industry: SIM earnings growth over the past year (27.8%) exceeded the Metals and Mining industry 26.3%.
Return on Equity
High ROE: SIM's Return on Equity (6.7%) is considered low.
Return on Assets
ROA vs Industry: SIM's Return on Assets is below or equal to the Metals and Mining industry average last year.
Return on Capital Employed
ROCE Improving: SIM has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Grupo Simec. de's financial position?
Financial Position Analysis
Short Term Liabilities: SIM's short term assets (MX$29.1B) exceeds its short term liabilities (MX$9.8B)
Long Term Liabilities: SIM's short term assets (29.1B) exceeds its long term liabilities (4.3B)
Debt to Equity History and Analysis
Debt Level: SIM's debt to equity ratio (0.02%) is considered satisfactory
Reducing Debt: SIM's debt to equity ratio has reduced from 2.5% to 0.02% over the past 5 years.
Debt Coverage: SIM's debt is well covered by operating cash flow (42692.7%).
Interest Coverage: SIM earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: SIM has a high level of physical assets or inventory.
Debt Coverage by Assets: SIM's debt is covered by short term assets (assets are 5019x debt).
Next Steps
Dividend
What is Grupo Simec. de's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate SIM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SIM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if SIM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SIM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SIM's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Grupo Simec. de's salary, the management and board of directors tenure and is there insider trading?
15.8yrs
Average management tenure
CEO
Luis García Limón (75yo)
37.8yrs
Tenure
Mr. Luis García Limón has been the Chief Executive Officer of Grupo Simec S.A.B. de C.V (Alternate Name: Grupo Simec Sa De Cv) since 1982. Mr. García Limón served as a General Director at CSG from 1982 to ...
Management Age and Tenure
15.8yrs
Average Tenure
56.5yo
Average Age
Experienced Management: SIM's management team is seasoned and experienced (15.8 years average tenure).
Board Age and Tenure
16.5yrs
Average Tenure
66yo
Average Age
Experienced Board: SIM's board of directors are seasoned and experienced ( 16.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Luis García Limón (75yo)
CEO & Director
- Tenure: 37.8yrs
Marcos Magaña Rodarte (54yo)
Chief Sale and Commercialization Officer
- Tenure: 0yrs
Juan José Acosta Macías (59yo)
Chief Operating Officer
- Tenure: 15.8yrs
Mario Moreno Cortez (51yo)
Financial Coordinator
- Tenure: 7.8yrs
Lourdes Ivonne Massimi Malo
Corporate Legal Manager
- Tenure: 0yrs
Board Members
Luis García Limón (75yo)
CEO & Director
- Tenure: 37.8yrs
Rufino Vigil González (71yo)
Chairman of the Board
- Tenure: 18.8yrs
Raúl Arturo Pérez Trejo (60yo)
Independent Director
- Tenure: 16.5yrs
Rodolfo García Gómez De Parada (66yo)
Independent Director
- Tenure: 18.5yrs
Alfonso Barragán Galindo (66yo)
Independent Director
- Tenure: 0.8yrs
Company Information
Grupo Simec, S.A.B. de C.V.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Grupo Simec, S.A.B. de C.V.
- Ticker: SIM
- Exchange: AMEX
- Founded: 1969
- Industry: Steel
- Sector: Materials
- Market Cap: US$1.428b
- Shares outstanding: 155.09m
- Website: https://www.gsimec.com.mx
Number of Employees
Location
- Grupo Simec, S.A.B. de C.V.
- Calzada Lázaro Cárdenas 601
- Colonia La Nogalera
- Guadalajara
- Jalisco
- 44440
- Mexico
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SIM | AMEX (NYSE MKT LLC) | Yes | ADR(EACH REP 3'B'ORD NPV) | US | USD | Jul 1993 |
| GSM | DB (Deutsche Boerse AG) | Yes | ADR(EACH REP 3'B'ORD NPV) | DE | EUR | Jul 1993 |
| SIMEC B | BMV (Bolsa Mexicana de Valores) | Series B Common Shares | MX | MXN | Sep 1995 | |
| 4FV | DB (Deutsche Boerse AG) | Series B Common Shares | DE | EUR | Sep 1995 |
Biography
Grupo Simec, S.A.B. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in the United States, Mexico, Canada, and Brazil. The company produces I-beams ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 23:36 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.