Grupo Minsa S.A.B. de C.V
Grupo Minsa, S.A.B. de C.V. produces, distributes, and sells nixtamalized cornmeal under the MINSAA brand name in Mexico. The company sells packaged corn and corn flour to mills, small producers, and industrialists. Its products are used to produce tortillas and other food products. The company was incorporated in 1993 and is based in Tlalnepantla de Baz, Mexico. Grupo Minsa, S.A.B. de C.V. is a … Read more
Grupo Minsa S.A.B. de C.V (MINSAB) - Net Assets
Latest net assets as of September 2024: MX$2.47 Billion MXN
Based on the latest financial reports, Grupo Minsa S.A.B. de C.V (MINSAB) has net assets worth MX$2.47 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$4.67 Billion) and total liabilities (MX$2.20 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$2.47 Billion |
| % of Total Assets | 52.81% |
| Annual Growth Rate | 0.46% |
| 5-Year Change | -11.38% |
| 10-Year Change | -15.88% |
| Growth Volatility | 24.79 |
Grupo Minsa S.A.B. de C.V - Net Assets Trend (2000–2023)
This chart illustrates how Grupo Minsa 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 Grupo Minsa S.A.B. de C.V (2000–2023)
The table below shows the annual net assets of Grupo Minsa S.A.B. de C.V from 2000 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | MX$2.32 Billion | -4.37% |
| 2022-12-31 | MX$2.42 Billion | +1.08% |
| 2021-12-31 | MX$2.40 Billion | -14.20% |
| 2020-12-31 | MX$2.79 Billion | +6.85% |
| 2019-12-31 | MX$2.61 Billion | -28.44% |
| 2018-12-31 | MX$3.65 Billion | +15.97% |
| 2017-12-31 | MX$3.15 Billion | -0.04% |
| 2016-12-31 | MX$3.15 Billion | +6.81% |
| 2015-12-31 | MX$2.95 Billion | +7.13% |
| 2014-12-31 | MX$2.75 Billion | +3.22% |
| 2013-12-31 | MX$2.67 Billion | +1.48% |
| 2012-12-31 | MX$2.63 Billion | -1.08% |
| 2011-12-31 | MX$2.66 Billion | +10.17% |
| 2010-12-31 | MX$2.41 Billion | +5.65% |
| 2009-12-31 | MX$2.28 Billion | +9.07% |
| 2008-12-31 | MX$2.09 Billion | +1.90% |
| 2007-12-31 | MX$2.05 Billion | +7.07% |
| 2006-12-31 | MX$1.92 Billion | +6.69% |
| 2005-12-31 | MX$1.80 Billion | +103.79% |
| 2004-12-31 | MX$881.99 Million | -25.97% |
| 2003-12-31 | MX$1.19 Billion | -11.01% |
| 2002-12-31 | MX$1.34 Billion | -7.92% |
| 2001-12-31 | MX$1.45 Billion | -30.27% |
| 2000-12-31 | MX$2.09 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grupo Minsa 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 2239.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | MX$1.53 Billion | 65.92% |
| Other Components | MX$789.10 Million | 34.08% |
| Total Equity | MX$2.32 Billion | 100.00% |
Grupo Minsa S.A.B. de C.V Competitors by Market Cap
The table below lists competitors of Grupo Minsa S.A.B. de C.V ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kronos Worldwide Inc
NYSE:KRO
|
$117.88 Million |
|
Aeroflex Industries Limited
NSE:AEROFLEX
|
$117.91 Million |
|
BenQ Materials Corp
TW:8215
|
$117.96 Million |
|
Traeger Inc
NYSE:COOK
|
$117.97 Million |
|
Spero Therapeutics Inc
NASDAQ:SPRO
|
$117.83 Million |
|
IGPTF
PINK:IGPTF
|
$117.76 Million |
|
Hoteles City Express S.A.B. de C.V
PINK:HOCXF
|
$117.76 Million |
|
Dimerix Ltd
PINK:SBMJF
|
$117.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grupo Minsa S.A.B. de C.V's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,421,232,000 to 2,315,308,000, a change of -105,924,000 (-4.4%).
- Net loss of 91,760,000 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$-91.76 Million | -3.96% |
| Other Changes | MX$-14.16 Million | -0.61% |
| Total Change | MX$- | -4.37% |
Book Value vs Market Value Analysis
This analysis compares Grupo Minsa 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: 1.54x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.35x to 1.54x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | MX$7.67 | MX$10.39 | x |
| 2018-12-31 | MX$8.90 | MX$10.39 | x |
| 2019-12-31 | MX$6.37 | MX$10.39 | x |
| 2020-12-31 | MX$6.80 | MX$10.39 | x |
| 2021-12-31 | MX$5.84 | MX$10.39 | x |
| 2022-12-31 | MX$7.04 | MX$10.39 | x |
| 2023-12-31 | MX$6.74 | MX$10.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grupo Minsa 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): -3.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.25%
- • Asset Turnover: 1.57x
- • Equity Multiplier: 2.01x
- Recent ROE (-3.96%) is below the historical average (7.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 26.69% | 21.68% | 1.02x | 1.20x | MX$300.05 Million |
| 2007 | 5.01% | 3.01% | 1.17x | 1.43x | MX$-102.03 Million |
| 2008 | 1.30% | 0.65% | 1.23x | 1.63x | MX$-181.22 Million |
| 2009 | 7.91% | 3.98% | 1.44x | 1.38x | MX$-47.59 Million |
| 2013 | 10.25% | 3.96% | 1.87x | 1.38x | MX$6.64 Million |
| 2014 | 14.89% | 7.39% | 1.40x | 1.44x | MX$134.48 Million |
| 2015 | 6.23% | 4.29% | 1.08x | 1.35x | MX$-112.10 Million |
| 2016 | 5.35% | 3.00% | 1.27x | 1.40x | MX$-146.59 Million |
| 2017 | 2.38% | 1.89% | 0.89x | 1.41x | MX$-239.94 Million |
| 2018 | 18.40% | 15.00% | 0.92x | 1.34x | MX$306.55 Million |
| 2019 | 3.49% | 1.89% | 1.20x | 1.54x | MX$-170.05 Million |
| 2020 | 5.38% | 2.92% | 1.29x | 1.43x | MX$-128.86 Million |
| 2021 | 6.91% | 2.89% | 1.33x | 1.80x | MX$-73.93 Million |
| 2022 | 0.27% | 0.09% | 1.47x | 2.01x | MX$-235.63 Million |
| 2023 | -3.96% | -1.25% | 1.57x | 2.01x | MX$-323.29 Million |
Industry Comparison
This section compares Grupo Minsa S.A.B. de C.V's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,289,698,000
- Average return on equity (ROE) among peers: 15.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grupo Minsa S.A.B. de C.V (MINSAB) | MX$2.47 Billion | 26.69% | 0.89x | $117.84 Million |
| Grupo Bafar S.A.B. de C.V (BAFARB) | $2.34 Billion | 8.25% | 0.54x | $979.94 Million |
| Gruma S.A.B. de C.V. (GRUMAB) | $2.24 Billion | 23.21% | 1.27x | $2.31 Billion |