GRUPO SIM. S.A.B. B ADR/3 (GSM) - Net Assets
Based on the latest financial reports, GRUPO SIM. S.A.B. B ADR/3 (GSM) has net assets worth €61.84 Billion EUR (≈ $72.30 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€73.81 Billion ≈ $86.30 Billion USD) and total liabilities (€11.97 Billion ≈ $14.00 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore GSM asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €61.84 Billion |
| % of Total Assets | 83.78% |
| Annual Growth Rate | 9.18% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7.68 |
GRUPO SIM. S.A.B. B ADR/3 - Net Assets Trend (2021–2025)
This chart illustrates how GRUPO SIM. S.A.B. B ADR/3's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of GRUPO SIM. S.A.B. B ADR/3 to evaluate the tangible quality of the company's equity base.
Annual Net Assets for GRUPO SIM. S.A.B. B ADR/3 (2021–2025)
The table below shows the annual net assets of GRUPO SIM. S.A.B. B ADR/3 from 2021 to 2025. For live valuation and market cap data, see GSM market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €59.38 Billion ≈ $69.43 Billion |
+0.24% |
| 2024-12-31 | €59.24 Billion ≈ $69.26 Billion |
+18.95% |
| 2023-12-31 | €49.81 Billion ≈ $58.23 Billion |
+3.77% |
| 2022-12-31 | €47.99 Billion ≈ $56.11 Billion |
+14.82% |
| 2021-12-31 | €41.80 Billion ≈ $48.87 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to GRUPO SIM. S.A.B. B ADR/3's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 79.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €54.41 Billion | 91.65% |
| Other Components | €4.96 Billion | 8.35% |
| Total Equity | €59.37 Billion | 100.00% |
GRUPO SIM. S.A.B. B ADR/3 Competitors by Market Cap
The table below lists competitors of GRUPO SIM. S.A.B. B ADR/3 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shift4 Payments Inc
NYSE:FOUR
|
$4.04 Billion |
|
Beibuwan Port Co Ltd
SHE:000582
|
$4.04 Billion |
|
Just Eat Takeaway
AS:TKWY
|
$4.04 Billion |
|
Hebei Changshan Biochem Pharma
SHE:300255
|
$4.04 Billion |
|
TUI AG
F:TUI1
|
$4.03 Billion |
|
Cadence Bancorp
NYSE:CADE
|
$4.03 Billion |
|
Hangzhou Binjiang Real Estate Group Co Ltd
SHE:002244
|
$4.02 Billion |
|
Marex Group plc Ordinary Shares
NASDAQ:MRX
|
$4.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GRUPO SIM. S.A.B. B ADR/3's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 59,213,788,000 to 59,365,502,000, a change of 151,714,000 (0.3%).
- Net income of 10,487,818,000 contributed positively to equity growth.
- Share repurchases of 115,778,000 reduced equity.
- Other factors decreased equity by 10,220,326,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €10.49 Billion | +17.67% |
| Share Repurchases | €115.78 Million | -0.2% |
| Other Changes | €-10.22 Billion | -17.22% |
| Total Change | €- | 0.26% |
Book Value vs Market Value Analysis
This analysis compares GRUPO SIM. S.A.B. B ADR/3's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.18x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €90.27 | €23.40 | x |
| 2022-12-31 | €103.77 | €23.40 | x |
| 2023-12-31 | €107.82 | €23.40 | x |
| 2024-12-31 | €128.45 | €23.40 | x |
| 2025-12-31 | €128.96 | €23.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GRUPO SIM. S.A.B. B ADR/3 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.16%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.20x
- Recent ROE (17.67%) is above the historical average (16.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 22.62% | 16.98% | 0.97x | 1.37x | €5.27 Billion |
| 2022 | 16.40% | 14.52% | 0.80x | 1.41x | €3.07 Billion |
| 2023 | 8.60% | 10.41% | 0.62x | 1.34x | €-695.16 Million |
| 2024 | 17.71% | 31.16% | 0.46x | 1.24x | €4.57 Billion |
| 2025 | 17.67% | 31.16% | 0.47x | 1.20x | €4.55 Billion |
Industry Comparison
This section compares GRUPO SIM. S.A.B. B ADR/3's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $14,985,191,300
- Average return on equity (ROE) among peers: -6.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GRUPO SIM. S.A.B. B ADR/3 (GSM) | €61.84 Billion | 22.62% | 0.19x | $4.03 Billion |
| Tiangong International Company Limited (34T1) | $5.64 Billion | 9.52% | 0.99x | $1.08 Billion |
| Zanaga Iron Ore Company Limited (6ZA) | $39.42 Million | -4.71% | 0.00x | $26.76 Million |
| Aperam SA (7AA) | $3.65 Billion | 2.85% | 1.01x | $3.49 Billion |
| APERAM S.A. NY SHS/1 O.N. (7AAN) | $3.45 Billion | 5.88% | 0.80x | $3.49 Billion |
| ACERINOX ADR 1/2/EO-25 (ACE) | $2.55 Billion | 21.83% | 1.48x | $3.22 Billion |
| ArcelorMittal SA (ARRD) | $27.57 Billion | -28.82% | 1.79x | $39.90 Billion |
| BCI Minerals Limited (BC3) | $159.28 Million | -99.51% | 0.62x | $628.64 Million |
| Chongqing Iron & Steel Company Limited (CGP) | $19.40 Billion | 4.77% | 0.39x | $61.65 Million |
| Da Ming International Holdings Limited (DM7) | $2.85 Billion | 3.84% | 2.56x | $92.46 Million |
| EREGLI DEM CEL FABR DL1 (EDVA) | $84.55 Billion | 18.36% | 0.50x | $3.00 Billion |
About GRUPO SIM. S.A.B. B ADR/3
Grupo Simec, S.A.B. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and structural steel products in Mexico, the United States, Brazil, Canada, Latin America, 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 mesh panels, and wire rods,… Read more