Grupo Simec S.A.B. de C.V. American Depositary Shares
Find Ratings ReportsGRUPO SIMEC SA DE CV's gross profit margin for the third quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Even though sales decreased, the net income has increased, representing an increase to the bottom line. GRUPO SIMEC SA DE CV is extremely liquid. Currently, the Quick Ratio is 2.41 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 21.80% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 522.43 | 674.03 |
EBITDA ($mil) | 113.31 | 143.37 |
EBIT ($mil) | 98.68 | 129.11 |
Net Income ($mil) | 101.66 | 97.61 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 1350.04 | 1076.29 |
Total Assets ($mil) | 3943.88 | 3307.25 |
Total Debt ($mil) | 0.31 | 0.3 |
Equity ($mil) | 2895.74 | 2377.41 |
Profitability | Q3 FY23 | Q3 FY22 |
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Gross Profit Margin | 26.83 | 25.69 |
EBITDA Margin | 21.68 | 21.27 |
Operating Margin | 18.89 | 19.16 |
Sales Turnover | 0.62 | 0.85 |
Return on Assets | 5.63 | 13.79 |
Return on Equity | 7.68 | 19.19 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 3.36 | 3.28 |
Debt/Capital | 0.0 | 0.0 |
Interest Expense | 5.58 | 0.0 |
Interest Coverage | 17.67 | 0.0 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 153.93 | 154.08 |
Div / share | 0.0 | 0.0 |
EPS | 0.61 | 0.58 |
Book value / share | 18.81 | 15.43 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 430.0 | 706.0 |
BUY. This stock's P/E ratio indicates a premium compared to an average of 15.23 for the Primary Metal Manufacturing subsector and a discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 1.70 indicates a significant discount versus the S&P 500 average of 4.68 and a premium versus the subsector average of 1.56. The price-to-sales ratio is well below the S&P 500 average, but well above the subsector average. Upon assessment of these and other key valuation criteria, GRUPO SIMEC SA DE CV proves to trade at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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SIM 23.64 | Peers 15.23 | SIM 23.76 | Peers 9.34 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. SIM is trading at a significant premium to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. SIM is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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SIM NA | Peers 11.93 | SIM NA | Peers 0.43 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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SIM 1.70 | Peers 1.56 | SIM -52.97 | Peers 0.85 | |||||||||||||||||||||
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. SIM is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, SIM is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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SIM 2.01 | Peers 0.92 | SIM -13.23 | Peers -2.96 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. SIM is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. SIM significantly trails its peers on the basis of sales growth. |
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