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Grupo Simec, S.A.B. de C.V., together with its subsidiaries, manufactures, processes, and distributes special bar quality (SBQ) steel and structural steel products in Mexico, the United States, Canada, Latin America, Europe, and Asia.View SIM key stats
Grupo Simec S.A.B. de C.V. - SIM - EQUITY
Reviewed By: TheStreet Ratings on .
Report Summary: TheStreet Ratings team rates Grupo Simec S.A.B. de C.V. as a
Hold with a ratings score of C.
Report Snippet: We rate GRUPO SIMEC SA DE CV (SIM) a HOLD. The primary factors that have impacted our rating are mixed – some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins.