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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Grupo Minsa, S.A.B. de C.V.

Main Activities: Food Manufacturing - Management of Companies and Enterprises - Bakeries and Tortilla Manufacturing

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Company Information

Full name
Grupo Minsa, S.A.B. de C.V.

Headquarters
Prolongacion Toltecas No. 4 Colonia Los Reyes Ixtacala; Tlalnepantla; Estado de Mexico; 54090
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : MXP510501119
RFC: GMI-931015-UV8
Financial Auditors: Deloitte Touche Tohmatsu (2012)
Incorporation Date: October 13, 1993
Total Employees: 1,815

Tel: +52 (55) 5722 1900

Company Description

Grupo Minsa S.A.B. de C.V. was established in October 13th, 1993. It is a holding company whose subsidiaries are engaged in the manufacturing, distribution and sale of corn flour for the baking, snack and tortilla industry under the brand MINSA.
It has been listed on the Mexican Stock Exchange since 1997.

Company Analysis

According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues increased with 16.76%, from MXN 3,663,562 thousands to MXN 4,277,638 thousands. Operating result decreased from MXN 385,928 thousands to MXN 275,875 thousands which means -28.52% change. The results of the period decreased -38.95% reaching MXN 110,486 thousands at the end of the period against MXN 180,981 thousands last year. Return on equity (Net income/Total equity) went from 7.28% to 4.16%, the Return On Asset (Net income / Total Asset) went from 4.57% to 2.22% and the Net Profit Margin (Net Income/Net Sales) went from 4.94% to 2.58% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 87.91% compared to 59.03% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.95 to 1.65 when compared to the previous year.

Key Executives

Jose Ernesto Cacho Riveiro President
Juan Jaime Petersen Farah Chairman of the Board of Directors
Jose Cacho Ribeiro Chief Executive Officer
Hector Hurtado Pena Chief Administrative and Financial Officer
Arturo Munoz Corporate Controller
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Balance Sheet

Total Assets

4,294,621

4,985,523

Current Assets

2,774,726

3,461,578

Total Liabilities

1,666,994

2,332,388

Shareholders Equity

2,627,627

2,653,135

Current Liabilities

1,422,219

2,103,956

* All the accounts are in MXN.
Income Statement

Total Operating Revenue

5,912,401

4,277,638

Operational Profit (Loss)

332,746

275,875

Net Profit (Loss)

172,962

110,486

* All the accounts are in MXN.
Ratios
Profitability Ratios

Return on Assets (ROA)

4.03%

2.22%

Annualised Return on Assets (ROA)

4.03%

2.96%

Return on Equity (ROE)

6.58%

4.16%

Annualised Return on Equity (ROE)

6.58%

5.55%

Return on Sales (ROS)

2.93%

2.58%

Return on Capital

11.29%

9.13%

Gross Profit Margin

19.49%

20.54%

Operating Profit Margin

5.63%

6.45%

Efficiency Ratios

Accounts Receivable Turnover

11.23x

7.44x

Inventory Turnover

4.37x

2.23x

Current asset turnover

2.13x

1.24x

Fixed-asset turnover

4.34x

3.05x

Asset Turnover

1.38x

0.86x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

324,284

263,133

EBITDA

503,018

385,984

Enterprise value

1,280,632

1,940,246

Enterprise Value / EBITDA

2.55

5.03

Bookvalue (BV)

2,597,907

2,538,122

Net Cash

141,587

163,710

Liquidity Ratios

Current Ratio

195.1%

164.53%

Quick ratio

99.96%

73.45%

Doom's day ratio

27.17%

18.64%

Leverage Ratios

Leverage ratio

63.44%

87.91%

Interest Coverage Ratio

270.13%

303.85%

Debt to equity

63.44%

87.91%

Debt to total assets

38.82%

46.78%

Long Term Debt to Capital

9.32%

8.61%

Debt / Enterprise Value

130.17%

120.21%

Market ratios

Market Capitalization/EBITDA

0.00

0.00

Market Cap / Net cash

0.00

0.00