company background image
SIM

Grupo Simec. de NYSEAM:SIM Stock Report

Last Price

US$29.51

Market Cap

US$4.5b

7D

3.5%

1Y

37.2%

Updated

16 May, 2022

Data

Company Financials +
SIM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends0/6

SIM Stock Overview

Grupo Simec, S.A.B. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, and internationally.

Grupo Simec. de Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Grupo Simec. de
Historical stock prices
Current Share PriceUS$29.51
52 Week HighUS$36.27
52 Week LowUS$18.88
Beta0.52
1 Month Change-5.75%
3 Month Change9.46%
1 Year Change37.19%
3 Year Change227.89%
5 Year Change190.03%
Change since IPO112.68%

Recent News & Updates

Shareholder Returns

SIMUS Metals and MiningUS Market
7D3.5%-3.3%0.7%
1Y37.2%-12.8%-10.8%

Return vs Industry: SIM exceeded the US Metals and Mining industry which returned -9.4% over the past year.

Return vs Market: SIM exceeded the US Market which returned -10.4% over the past year.

Price Volatility

Is SIM's price volatile compared to industry and market?
SIM volatility
SIM Average Weekly Movement7.1%
Metals and Mining Industry Average Movement10.1%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: SIM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SIM's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19695,369Rufino Vigil Gonzálezhttps://www.gsimec.com.mx

Grupo Simec, S.A.B. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold finished bars, electro-welded wire mesh and panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products. Its SBQ steel products are used across a range of engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment; and structural steel products are used in the non-residential construction market and other construction applications.

Grupo Simec. de Fundamentals Summary

How do Grupo Simec. de's earnings and revenue compare to its market cap?
SIM fundamental statistics
Market CapMex$91.31b
Earnings (TTM)Mex$9.29b
Revenue (TTM)Mex$57.30b

9.8x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIM income statement (TTM)
RevenueMex$57.30b
Cost of RevenueMex$41.10b
Gross ProfitMex$16.19b
Other ExpensesMex$6.90b
EarningsMex$9.29b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)60.29
Gross Margin28.26%
Net Profit Margin16.22%
Debt/Equity Ratio0.01%

How did SIM perform over the long term?

See historical performance and comparison

Valuation

Is Grupo Simec. de undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


9.83x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: SIM ($29.51) is trading above our estimate of fair value ($26.53)

Significantly Below Fair Value: SIM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SIM is poor value based on its PE Ratio (9.8x) compared to the US Metals and Mining industry average (8.1x).

PE vs Market: SIM is good value based on its PE Ratio (9.8x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: SIM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SIM is overvalued based on its PB Ratio (2.1x) compared to the US Metals and Mining industry average (1.9x).


Future Growth

How is Grupo Simec. de forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-4.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIM's earnings are forecast to decline over the next 3 years (-4.6% per year).

Earnings vs Market: SIM's earnings are forecast to decline over the next 3 years (-4.6% per year).

High Growth Earnings: SIM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SIM's revenue is expected to decline over the next 3 years (-1.4% per year).

High Growth Revenue: SIM's revenue is forecast to decline over the next 3 years (-1.4% 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 (14.3%).


Past Performance

How has Grupo Simec. de performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


33.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SIM has high quality earnings.

Growing Profit Margin: SIM's current net profit margins (16.2%) are higher than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: SIM's earnings have grown significantly by 33.4% per year over the past 5 years.

Accelerating Growth: SIM's earnings growth over the past year (152%) exceeds its 5-year average (33.4% per year).

Earnings vs Industry: SIM earnings growth over the past year (152%) exceeded the Metals and Mining industry 98.2%.


Return on Equity

High ROE: SIM's Return on Equity (20.9%) is considered high.


Financial Health

How is Grupo Simec. de's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SIM's short term assets (MX$40.3B) exceed its short term liabilities (MX$11.5B).

Long Term Liabilities: SIM's short term assets (MX$40.3B) exceed its long term liabilities (MX$4.4B).


Debt to Equity History and Analysis

Debt Level: SIM has more cash than its total debt.

Reducing Debt: SIM's debt to equity ratio has reduced from 2.8% to 0.01% over the past 5 years.

Debt Coverage: SIM's debt is well covered by operating cash flow (144738.5%).

Interest Coverage: SIM earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Grupo Simec. de current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate SIM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SIM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SIM has not reported any payouts.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

19.1yrs

Average board tenure


CEO

Rufino Vigil González (73 yo)

no data

Tenure

Engineer Rufino Vigil González has been the Chairman at Group Simec S.A. de C.V. since 2001 and also serves as its Director since April 2, 2001. He serves as Chief Executive Officer of Grupo Simec, S.A.B....


Board Members

Experienced Board: SIM's board of directors are seasoned and experienced ( 19.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Grupo Simec, S.A.B. de C.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: Grupo Simec, S.A.B. de C.V.
  • Ticker: SIM
  • Exchange: NYSEAM
  • Founded: 1969
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: US$4.548b
  • Shares outstanding: 154.17m
  • Website: https://www.gsimec.com.mx

Number of Employees


Location

  • Grupo Simec, S.A.B. de C.V.
  • Calzada LAzaro CArdenas 601
  • Colonia La Nogalera
  • Guadalajara
  • Jalisco
  • 44440
  • Mexico

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.