Grupo Simec S.A.B. de C.V (SIMECB) - Net Assets
Based on the latest financial reports, Grupo Simec S.A.B. de C.V (SIMECB) has net assets worth MX$61.84 Billion MXN (≈ $3.56 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 (MX$73.81 Billion ≈ $4.25 Billion USD) and total liabilities (MX$11.97 Billion ≈ $688.97 Million 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. Check Grupo Simec S.A.B. de C.V tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | MX$61.84 Billion |
| % of Total Assets | 83.78% |
| Annual Growth Rate | 17.39% |
| 5-Year Change | 39.33% |
| 10-Year Change | 78.81% |
| Growth Volatility | 49.03 |
Grupo Simec S.A.B. de C.V - Net Assets Trend (2000–2025)
This chart illustrates how Grupo Simec S.A.B. de C.V's net assets have evolved over time, based on quarterly financial data. See Grupo Simec S.A.B. de C.V (SIMECB) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Grupo Simec S.A.B. de C.V (2000–2025)
The table below shows the annual net assets of Grupo Simec S.A.B. de C.V from 2000 to 2025. For live valuation and market cap data, see Grupo Simec S.A.B. de C.V (SIMECB) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | MX$59.38 Billion ≈ $3.42 Billion |
+0.24% |
| 2024-12-31 | MX$59.24 Billion ≈ $3.41 Billion |
+18.95% |
| 2023-12-31 | MX$49.81 Billion ≈ $2.87 Billion |
+3.77% |
| 2022-12-31 | MX$47.99 Billion ≈ $2.76 Billion |
+12.60% |
| 2021-12-31 | MX$42.62 Billion ≈ $2.45 Billion |
+24.57% |
| 2020-12-31 | MX$34.22 Billion ≈ $1.97 Billion |
+4.93% |
| 2019-12-31 | MX$32.61 Billion ≈ $1.88 Billion |
-8.16% |
| 2018-12-31 | MX$35.51 Billion ≈ $2.04 Billion |
+4.06% |
| 2017-12-31 | MX$34.12 Billion ≈ $1.96 Billion |
+2.75% |
| 2016-12-31 | MX$33.21 Billion ≈ $1.91 Billion |
+32.20% |
| 2015-12-31 | MX$25.12 Billion ≈ $1.45 Billion |
-9.57% |
| 2014-12-31 | MX$27.78 Billion ≈ $1.60 Billion |
+5.73% |
| 2013-12-31 | MX$26.27 Billion ≈ $1.51 Billion |
+2.37% |
| 2012-12-31 | MX$25.67 Billion ≈ $1.48 Billion |
+5.76% |
| 2011-12-31 | MX$24.27 Billion ≈ $1.40 Billion |
+18.63% |
| 2010-12-31 | MX$20.46 Billion ≈ $1.18 Billion |
-7.00% |
| 2009-12-31 | MX$22.00 Billion ≈ $1.27 Billion |
+3.25% |
| 2008-12-31 | MX$21.31 Billion ≈ $1.23 Billion |
+23.50% |
| 2007-12-31 | MX$17.25 Billion ≈ $992.86 Million |
+37.96% |
| 2006-12-31 | MX$12.51 Billion ≈ $719.67 Million |
+30.72% |
| 2005-12-31 | MX$9.57 Billion ≈ $550.55 Million |
+45.30% |
| 2004-12-31 | MX$6.58 Billion ≈ $378.90 Million |
+42.31% |
| 2003-12-31 | MX$4.63 Billion ≈ $266.25 Million |
+23.79% |
| 2002-12-31 | MX$3.74 Billion ≈ $215.09 Million |
+246.59% |
| 2000-12-31 | MX$1.08 Billion ≈ $62.06 Million |
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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 6423.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | MX$54.41 Billion | 91.65% |
| Other Components | MX$4.96 Billion | 8.35% |
| Total Equity | MX$59.37 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 |
|---|---|
|
Vietnam Dairy Products JSC
VN:VNM
|
$4.69 Billion |
|
Investec PLC
JSE:INP
|
$4.70 Billion |
|
Tongding Interconnection Information
SHE:002491
|
$4.70 Billion |
|
Grupo Aeroportuario del Centro Norte SAB de CV
NASDAQ:OMAB
|
$4.70 Billion |
|
Plains GP Holdings LP
NASDAQ:PAGP
|
$4.69 Billion |
|
Resideo Technologies Inc
NYSE:REZI
|
$4.69 Billion |
|
GRINM Semiconductor Materials Co. Ltd. A
SHG:688432
|
$4.68 Billion |
|
Argo Investments Ltd
AU:ARG
|
$4.68 Billion |
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 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 | MX$10.49 Billion | +17.67% |
| Share Repurchases | MX$115.78 Million | -0.2% |
| Other Changes | MX$-10.22 Billion | -17.22% |
| Total Change | MX$- | 0.26% |
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: 1.37x
- 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 2.55x to 1.37x 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$177.00 | x |
| 2018-12-31 | MX$76.79 | MX$177.00 | x |
| 2019-12-31 | MX$70.23 | MX$177.00 | x |
| 2020-12-31 | MX$73.81 | MX$177.00 | x |
| 2021-12-31 | MX$92.06 | MX$177.00 | x |
| 2022-12-31 | MX$103.77 | MX$177.00 | x |
| 2023-12-31 | MX$107.82 | MX$177.00 | x |
| 2024-12-31 | MX$128.45 | MX$177.00 | x |
| 2025-12-31 | MX$128.96 | MX$177.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grupo Simec S.A.B. de C.V utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.16%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.20x
- Recent ROE (17.67%) is above the historical average (10.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.28% | 5.59% | 0.40x | 1.45x | MX$-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 |
| 2025 | 17.67% | 31.16% | 0.47x | 1.20x | MX$4.55 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: $21,831,570,500
- Average return on equity (ROE) among peers: 12.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grupo Simec S.A.B. de C.V (SIMECB) | MX$61.84 Billion | 3.28% | 0.19x | $4.69 Billion |
| G Collado S.A.B. de C.V (COLLADO) | $1.07 Billion | 31.53% | 2.29x | $86.35 Million |
| Gerdau S.A (GGBN) | $33.25 Billion | 4.22% | 0.90x | $5.83 Billion |
| Industrias CH S. A. B. de C. V (ICHB) | $31.19 Billion | 5.77% | 0.25x | $4.20 Billion |
| Companhia Siderúrgica Nacional (SIDN) | $21.82 Billion | 7.12% | 2.91x | $1.64 Billion |
About Grupo Simec S.A.B. de C.V
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