Grupo Simec S.A.B. de C.V

MX:SIMECB Mexico Steel
Market Cap
$3.89 Billion
MX$80.10 Billion MXN
Market Cap Rank
#9302 Global
#30 in Mexico
Share Price
MX$174.00
Change (1 day)
+0.98%
52-Week Range
MX$167.00 - MX$182.00
All Time High
MX$230.98
Categories
Companies in Mexico Steel
About

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

Grupo Simec S.A.B. de C.V (SIMECB) - Net Assets

Latest net assets as of September 2025: MX$59.96 Billion MXN

Based on the latest financial reports, Grupo Simec S.A.B. de C.V (SIMECB) has net assets worth MX$59.96 Billion MXN as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$71.36 Billion) and total liabilities (MX$11.40 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$59.96 Billion
% of Total Assets 84.02%
Annual Growth Rate 18.17%
5-Year Change 73.14%
10-Year Change 135.82%
Growth Volatility 49.84

Grupo Simec S.A.B. de C.V - Net Assets Trend (2000–2024)

This chart illustrates how Grupo Simec 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 Simec S.A.B. de C.V (2000–2024)

The table below shows the annual net assets of Grupo Simec S.A.B. de C.V from 2000 to 2024.

Year Net Assets Change
2024-12-31 MX$59.24 Billion +18.95%
2023-12-31 MX$49.81 Billion +3.77%
2022-12-31 MX$47.99 Billion +12.60%
2021-12-31 MX$42.62 Billion +24.57%
2020-12-31 MX$34.22 Billion +4.93%
2019-12-31 MX$32.61 Billion -8.16%
2018-12-31 MX$35.51 Billion +4.06%
2017-12-31 MX$34.12 Billion +2.75%
2016-12-31 MX$33.21 Billion +32.20%
2015-12-31 MX$25.12 Billion -9.57%
2014-12-31 MX$27.78 Billion +5.73%
2013-12-31 MX$26.27 Billion +2.37%
2012-12-31 MX$25.67 Billion +5.76%
2011-12-31 MX$24.27 Billion +18.63%
2010-12-31 MX$20.46 Billion -7.00%
2009-12-31 MX$22.00 Billion +3.25%
2008-12-31 MX$21.31 Billion +23.50%
2007-12-31 MX$17.25 Billion +37.96%
2006-12-31 MX$12.51 Billion +30.72%
2005-12-31 MX$9.57 Billion +45.30%
2004-12-31 MX$6.58 Billion +42.31%
2003-12-31 MX$4.63 Billion +23.79%
2002-12-31 MX$3.74 Billion +246.59%
2000-12-31 MX$1.08 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Grupo Simec 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 6239.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings MX$52.87 Billion 89.29%
Other Components MX$6.34 Billion 10.71%
Total Equity MX$59.21 Billion 100.00%

Grupo Simec S.A.B. de C.V Competitors by Market Cap

The table below lists competitors of Grupo Simec S.A.B. de C.V ranked by their market capitalization.

Company Market Cap
Poseida Therapeutics Inc
NASDAQ:PSTX
 		$614.61 Million
Embla Medical hf
CO:EMBLA
 		$614.71 Million
Wuxi ETEK Microelectronics Co Ltd
SHG:688601
 		$614.92 Million
Aoshikang Technology Co Ltd Class A
SHE:002913
 		$615.48 Million
Equity Bancshares, Inc.
NYSE:EQBK
 		$614.34 Million
Okeanis Eco Tankers Corp.
NYSE:ECO
 		$614.29 Million
Gabriel India Limited
NSE:GABRIEL
 		$613.96 Million
Hoist Finance AB
ST:HOFI
 		$613.93 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Grupo Simec S.A.B. de C.V's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 49,780,624,000 to 59,213,788,000, a change of 9,433,164,000 (18.9%).
  • Net income of 10,487,819,000 contributed positively to equity growth.
  • Share repurchases of 126,495,000 reduced equity.
  • Other factors decreased equity by 928,160,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income MX$10.49 Billion +17.71%
Share Repurchases MX$126.50 Million -0.21%
Other Changes MX$-928.16 Million -1.57%
Total Change MX$- 18.95%

Book Value vs Market Value Analysis

This analysis compares Grupo Simec 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: 1.35x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 2.51x to 1.35x 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$69.29 MX$174.00 x
2018-12-31 MX$76.79 MX$174.00 x
2019-12-31 MX$70.23 MX$174.00 x
2020-12-31 MX$73.81 MX$174.00 x
2021-12-31 MX$92.06 MX$174.00 x
2022-12-31 MX$103.77 MX$174.00 x
2023-12-31 MX$107.82 MX$174.00 x
2024-12-31 MX$128.45 MX$174.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Grupo Simec 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): 17.71%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 31.16%
  • • Asset Turnover: 0.46x
  • • Equity Multiplier: 1.24x
  • Recent ROE (17.71%) is above the historical average (9.75%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 3.28% 5.59% 0.40x 1.45x MX$-250.96 Million
2003 6.33% 10.52% 0.46x 1.30x MX$-169.64 Million
2004 21.36% 24.75% 0.64x 1.36x MX$748.04 Million
2005 16.36% 9.87% 0.89x 1.87x MX$494.58 Million
2006 20.35% 9.27% 1.30x 1.69x MX$1.07 Billion
2007 10.29% 6.34% 1.06x 1.54x MX$42.87 Million
2008 9.88% 5.10% 1.14x 1.69x MX$-22.18 Million
2009 6.52% 6.56% 0.64x 1.56x MX$-676.74 Million
2010 4.84% 3.68% 0.91x 1.45x MX$-963.79 Million
2011 12.95% 9.78% 0.94x 1.42x MX$652.70 Million
2012 8.69% 7.01% 0.91x 1.36x MX$-311.59 Million
2013 6.08% 6.22% 0.73x 1.33x MX$-978.12 Million
2014 4.45% 4.49% 0.75x 1.33x MX$-1.50 Billion
2015 -4.57% -4.96% 0.76x 1.21x MX$-3.87 Billion
2016 8.66% 10.48% 0.66x 1.25x MX$-446.70 Million
2017 5.03% 6.00% 0.63x 1.33x MX$-1.70 Billion
2018 10.20% 10.24% 0.73x 1.36x MX$70.11 Million
2019 -5.02% -4.79% 0.78x 1.35x MX$-4.89 Billion
2020 12.23% 11.62% 0.77x 1.37x MX$760.89 Million
2021 24.02% 18.39% 0.98x 1.33x MX$5.97 Billion
2022 16.06% 14.22% 0.80x 1.41x MX$2.91 Billion
2023 8.60% 10.41% 0.62x 1.34x MX$-695.16 Million
2024 17.71% 31.16% 0.46x 1.24x MX$4.57 Billion

Industry Comparison

This section compares Grupo Simec S.A.B. de C.V's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $1,155,793,697
  • Average return on equity (ROE) among peers: 15.87%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Grupo Simec S.A.B. de C.V (SIMECB) MX$59.96 Billion 3.28% 0.19x $614.40 Million
G Collado S.A.B. de C.V (COLLADO) $1.16 Billion 15.87% 3.04x $49.29 Million