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Grupo Simec, S.A.B. de C.V.
Main Activities: Fabricated Metal Product Manufacturing
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Company Information |
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Full name Grupo Simec, S.A.B. de C.V. Headquarters Av. Lazaro Cardenas 601, Col. La Nogalera; Guadalajara; Jalisco; 44440 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE : MXP4984U1083 RFC: SCA-910408-1Q2 Financial Auditors: Castillo Miranda y Compania, S.C. (2012) Incorporation Date: August 22, 1990 Total Employees: 4,729 Tel: +52 (33) 3770 6700 |
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Company Description |
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Grupo Simec S.A.B. de C.V. is a manufacturer of steel and steel products, founded in 1969 and acquired by "Industrias CH, S.A. de C.V." in 2001. "Simec" is a mini-steel manufacturer of non-flat steel products with a wide range of structural profiles, commercial profiles, rod and special steel, which are used mainly in the construction, automotive and manufacturing industries. Simec operates indirectly through its subsidiary "Compania Siderurgica de California" and the non-flat steel plant |
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues increased with 9.26%, from MXN 21,434,151 thousands to MXN 23,418,238 thousands. Operating result increased from MXN 1,898,709 thousands to MXN 2,593,392 thousands which means 36.59% change. The results of the period increased 35.85% reaching MXN 2,414,325 thousands at the end of the period against MXN 1,777,225 thousands last year. Return on equity (Net income/Total equity) went from 7.88% to 11.75%, the Return On Asset (Net income / Total Asset) went from 5.90% to 8.88% and the Net Profit Margin (Net Income/Net Sales) went from 8.29% to 10.31% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 32.40% compared to 33.41% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 3.49 to 3.13 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (cons) |
2012 Q3C (cons) |
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| Audited | Non-Audited | |
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| MSE - Commercial, Industrial and Services - IFRS | MSE - Commercial, Industrial and Services - IFRS | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
32,456,785 |
27,193,132 |
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Current Assets |
17,319,940 |
12,197,692 |
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Total Liabilities |
6,789,403 |
6,653,768 |
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Shareholders Equity |
25,667,382 |
20,539,364 |
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Current Liabilities |
3,737,130 |
3,898,606 |
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| * All the accounts are in MXN. | ||
Income Statement
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Total Operating Revenue |
29,523,967 |
23,418,238 |
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Operational Profit (Loss) |
2,516,710 |
2,593,392 |
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Net Profit (Loss) |
1,953,748 |
2,414,325 |
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| * All the accounts are in MXN. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
6.02% |
8.88% |
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Annualised Return on Assets (ROA) |
6.02% |
11.84% |
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Return on Equity (ROE) |
7.61% |
11.75% |
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Annualised Return on Equity (ROE) |
7.61% |
15.67% |
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Return on Sales (ROS) |
6.62% |
10.31% |
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Return on Capital |
8.13% |
11.16% |
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Gross Profit Margin |
12.07% |
14.79% |
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Operating Profit Margin |
8.52% |
11.07% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
13.33x |
9.50x |
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Inventory Turnover |
4.74x |
4.48x |
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Current asset turnover |
1.70x |
1.92x |
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Fixed-asset turnover |
3.02x |
2.52x |
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Asset Turnover |
0.91x |
0.86x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
2,335,481 |
2,598,666 |
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EBITDA |
3,528,732 |
3,328,623 |
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Enterprise value |
-1,312,911 |
3,268,851 |
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Enterprise Value / EBITDA |
-0.37 |
0.98 |
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Bookvalue (BV) |
21,994,607 |
16,438,223 |
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Net Cash |
5,050,041 |
629,755 |
| Liquidity Ratios | ||
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Current Ratio |
463.46% |
312.87% |
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Quick ratio |
296.64% |
178.79% |
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Doom's day ratio |
216.81% |
86.82% |
| Leverage Ratios | ||
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Leverage ratio |
26.45% |
32.4% |
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Interest Coverage Ratio |
10,143.24% |
14,641.2% |
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Debt to equity |
26.45% |
32.4% |
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Debt to total assets |
20.92% |
24.47% |
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Long Term Debt to Capital |
11.89% |
13.41% |
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Debt / Enterprise Value |
-517.13% |
203.55% |
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