Internacional de Cerámica S.A.B. de C.V
Internacional de Cerámica, S.A.B. de C.V. engages in the production, marketing, and distribution of ceramic products in Mexico, the United States, China, and Guatemala. The company offers floor and covering products, including floor, wall, special pieces, and decorative profiles; bathroom products, such as sanitary, sink, furniture vanities, taps, tubs, watering cans, cancels, accessories, and in… Read more
Internacional de Cerámica S.A.B. de C.V (CERAMICB) - Net Assets
Latest net assets as of September 2024: MX$7.36 Billion MXN
Based on the latest financial reports, Internacional de Cerámica S.A.B. de C.V (CERAMICB) has net assets worth MX$7.36 Billion MXN as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$22.68 Billion) and total liabilities (MX$15.32 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | MX$7.36 Billion |
| % of Total Assets | 32.45% |
| Annual Growth Rate | 4.87% |
| 5-Year Change | 24.53% |
| 10-Year Change | 61.66% |
| Growth Volatility | 7.41 |
Internacional de Cerámica S.A.B. de C.V - Net Assets Trend (2013–2023)
This chart illustrates how Internacional de Cerámica S.A.B. de C.V's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Internacional de Cerámica S.A.B. de C.V (2013–2023)
The table below shows the annual net assets of Internacional de Cerámica S.A.B. de C.V from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | MX$4.50 Billion | +2.55% |
| 2022-12-31 | MX$4.38 Billion | +18.90% |
| 2021-12-31 | MX$3.69 Billion | +5.70% |
| 2020-12-31 | MX$3.49 Billion | -3.38% |
| 2019-12-31 | MX$3.61 Billion | +3.03% |
| 2018-12-31 | MX$3.51 Billion | +5.94% |
| 2017-12-31 | MX$3.31 Billion | +13.90% |
| 2016-12-31 | MX$2.90 Billion | -6.20% |
| 2015-12-31 | MX$3.10 Billion | +11.33% |
| 2014-12-31 | MX$2.78 Billion | -0.47% |
| 2013-12-31 | MX$2.79 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Internacional de Cerámica S.A.B. de C.V'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 225.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | MX$1.68 Billion | 39.08% |
| Other Components | MX$2.62 Billion | 60.92% |
| Total Equity | MX$4.30 Billion | 100.00% |
Internacional de Cerámica S.A.B. de C.V Competitors by Market Cap
The table below lists competitors of Internacional de Cerámica S.A.B. de C.V ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vishay Precision Group Inc
NYSE:VPG
|
$449.70 Million |
|
The Hongkong and Shanghai Hotels Limited
F:HSG
|
$449.80 Million |
|
Chongqing Shunbo Aluminum Co Ltd
SHE:002996
|
$449.92 Million |
|
Luyan Pharma Co Ltd
SHE:002788
|
$450.11 Million |
|
Armada Hflr Pr
NYSE:AHH
|
$449.55 Million |
|
Electrolux Professional AB (publ)
OTCGREY:ECTXF
|
$449.33 Million |
|
Veken Elite
SHG:600152
|
$449.25 Million |
|
AstraZeneca Pharma India Limited
NSE:ASTRAZEN
|
$449.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Internacional de Cerámica S.A.B. de C.V's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,295,933,000 to 4,296,080,000, a change of 147,000 (0.0%).
- Net income of 369,909,000 contributed positively to equity growth.
- Dividend payments of 323,499,000 reduced retained earnings.
- Share repurchases of 4,087,000 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$369.91 Million | +8.61% |
| Dividends Paid | MX$323.50 Million | -7.53% |
| Share Repurchases | MX$4.09 Million | -0.1% |
| Other Changes | MX$-42.18 Million | -0.98% |
| Total Change | MX$- | 0.00% |
Book Value vs Market Value Analysis
This analysis compares Internacional de Cerámica S.A.B. de C.V'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: 3.15x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.97x to 3.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | MX$19.33 | MX$96.00 | x |
| 2018-12-31 | MX$20.83 | MX$96.00 | x |
| 2019-12-31 | MX$23.99 | MX$96.00 | x |
| 2020-12-31 | MX$23.37 | MX$96.00 | x |
| 2021-12-31 | MX$26.46 | MX$96.00 | x |
| 2022-12-31 | MX$30.45 | MX$96.00 | x |
| 2023-12-31 | MX$30.45 | MX$96.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Internacional de Cerámica S.A.B. de C.V 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): 8.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.09%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 2.50x
- Recent ROE (8.61%) is below the historical average (11.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 15.48% | 5.90% | 1.24x | 2.12x | MX$139.42 Million |
| 2014 | 3.14% | 1.11% | 1.29x | 2.20x | MX$-175.06 Million |
| 2015 | 12.33% | 4.32% | 1.32x | 2.17x | MX$66.82 Million |
| 2016 | 18.00% | 5.30% | 1.16x | 2.91x | MX$217.04 Million |
| 2017 | 19.74% | 6.25% | 1.19x | 2.65x | MX$306.29 Million |
| 2018 | 11.67% | 3.86% | 1.19x | 2.53x | MX$56.69 Million |
| 2019 | 10.67% | 3.59% | 1.04x | 2.87x | MX$23.53 Million |
| 2020 | 4.26% | 1.35% | 1.00x | 3.18x | MX$-196.17 Million |
| 2021 | 8.74% | 2.54% | 1.09x | 3.15x | MX$-45.21 Million |
| 2022 | 18.89% | 5.79% | 1.23x | 2.65x | MX$381.71 Million |
| 2023 | 8.61% | 3.09% | 1.11x | 2.50x | MX$-59.70 Million |
Industry Comparison
This section compares Internacional de Cerámica S.A.B. de C.V's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $3,419,337,500
- Average return on equity (ROE) among peers: 6.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Internacional de Cerámica S.A.B. de C.V (CERAMICB) | MX$7.36 Billion | 15.48% | 2.08x | $449.64 Million |
| Grupo Rotoplas SAB de CV (AGUA) | $5.70 Billion | -0.70% | 1.29x | $152.13 Million |
| Grupo Lamosa S.A.B. de C.V (LAMOSA) | $1.14 Billion | 14.65% | 1.29x | $1.70 Billion |