GRUPO SIMEC, S.A.B. de C.V. financial statements

Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data GRUPO SIMEC, S.A.B. de C.V. files with the SEC in its annual reports.

In MXN millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	27,516	28,700	35,678	34,171	35,869	55,620	54,159	41,139	33,658
Cost of revenue	22,776	23,995	30,563	30,067	29,212	39,968	39,684	31,100	26,033
Gross profit	4,740	4,706	5,115	4,104	6,658	15,652	14,475	10,039	7,625
Selling, general and administrative						42,011	42,141	33,417	28,635
General and administrative	1,277	1,239	1,080	1,637	2,019	2,043	2,457	2,317	2,603
Pre-tax income	5,301	3,017	4,199	1,636	4,876	13,836	11,161	6,014	12,541
Income tax	936	1,123	752	3,276	2,078	4,390	3,300	1,740
Net income to minority interests	1,458	-0.15	-206	-3.95	-0.11	1.66	-1.61	-8.79	-7.32
Net income	2,906	1,895	3,653	1,640	-2,798	9,444	7,863	4,283	10,488
EPS, basic	5.97	3.84	7.46	-3.52	6.04	20.41	17.00	9.28	22.71
EPS, diluted	5.97	3.84	7.46	-3.52	6.04	20.41	17.00	9.28	22.71

Balance sheet

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	7,537	7,204	6,987	7,446	7,728	15,130	21,546	23,584	29,158
Short-term investments		88.9
Receivables						443	564
Inventory		8,263	10,138	8,243	9,074	11,748	12,791	10,204	11,164
Total current assets		22,866	26,101	22,410	24,363	35,770	43,524	41,736	46,468
Property, plant and equipment	14,491	15,737	16,971	16,738	15,950	16,013	16,783	17,954	19,630
Intangible assets	2,544	2,472	2,300	2,335	2,323	2,313	2,325	2,298	-2,263
Total assets	41,880	45,977	48,854	44,015	45,504	57,343	67,633	66,788	73,298
Accounts payable		3,985	4,390	4,180	5,347	6,910	9,410	7,443	4,167
Short-term debt		5.96	5.94	5.7	6.02	5.85	5.85	5.1	6.19
Total current liabilities		7,480	8,992	7,286	8,427	11,062	15,154	12,971	10,200
Total liabilities	8,648	11,659	13,345	11,405	12,485	15,543	19,639	16,982	14,056
Total debt					506	521	708	708
Retained earnings		20,969	21,623	19,987	20,795	30,239	38,102	42,385	52,873
Shareholders' equity		34,426	35,832	32,585	32,983	41,759	47,957	49,781	59,214
Minority interests	-105	-109	-323	24.8	36	41.2	37.6	24.8	28.2
Total equity	33,232	34,318	35,509	32,610	33,019	41,800	47,994	49,805	59,242
Total liabilities and equity	41,880	45,977	48,854	44,015	45,504	57,343	67,633	66,788	73,298

Cash flow statement

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	4,365	1,895	3,447	-1,640	2,798	9,446	7,861	4,274	10,480
Depreciation and amortization	1,429	1,466	1,112	1,109	1,452	1,175	1,117	1,035	1,066
Cash from operations	5,706	3,184	3,224	1,043	3,634	8,387	8,949	4,263	5,548
Capital expenditures	-3,100	-3,040	-1,994	-1,271	-951	-1,066	-1,696	-2,493	-2,127
Cash from investing	-5,443	-3,118	-820	-107	-833	-1,010	-4,138	-1,283	-278
Share buybacks	938	-279	-1,640	-156	-42	-74.5	-90.1	-89	-126
Dividends paid					-1,990
Cash from financing	898	-374	-2,641	-211	-2,086	-162	2,235	-243	-130
Exchange rate effect	151	-24.6	21.3	-266	-434	187	-630	-699	434
Net change in cash	1,161	-308	-238	725	715	7,216	7,046	2,737	5,140
Free cash flow	2,605	145	1,229	-229	2,683	7,321	7,253	1,771	3,421

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Gross margin	22.7%	Gross profit / revenue.
Pre-tax margin	37.3%	Pre-tax income / revenue.
Net margin	31.2%	Net income / revenue.
FCF margin	10.2%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	16.5%	Cash from operations / revenue.
Return on equity (ROE)	19.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	15.0%	Net income / average total assets.
SG&A / revenue	85.1%	Selling, general and administrative expense / revenue.
Capex / revenue	6.3%	Capital expenditures / revenue.
D&A / revenue	3.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-18.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-15.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-0.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-24.0%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-21.3%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	13.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	144.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	3.6%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	44.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	144.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	3.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	30.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-12.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	39.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	93.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-22.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	18.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	12.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	12.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	9.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	8.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	10.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	4.56x	Current assets / current liabilities.
Quick ratio	2.86x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	2.86x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	19.2%	Total liabilities / total assets.
Working capital	MX$36.27B	Current assets - current liabilities.
Goodwill and intangibles / assets	-3.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	MX$61.48B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.48x	Revenue / average total assets.
Fixed asset turnover	1.79x	Revenue / average property, plant and equipment.
Inventory turnover	2.44x	Cost of revenue / average inventory.
Days inventory	150 days	365 x average inventory / cost of revenue.
Days payables	81 days	365 x average accounts payable / cost of revenue.
FCF conversion	32.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	38.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	MX$22.71	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	MX$22.71	Net income per basic share, as reported (split-adjusted).
Buybacks / FCF	3.7%	Share buybacks / free cash flow, when free cash flow is positive.

What was GRUPO SIMEC, S.A.B. de C.V.'s revenue in fiscal 2024?

GRUPO SIMEC, S.A.B. de C.V. reported revenue of MX$33.66B for fiscal 2024, 18.2% lower than the year before.

Was GRUPO SIMEC, S.A.B. de C.V. profitable in fiscal 2024?

Yes. Net income was MX$10.49B, a net margin of 31.2%.

How much free cash flow did GRUPO SIMEC, S.A.B. de C.V. generate in fiscal 2024?

Cash from operations of MX$5.55B minus capital expenditures of MX$2.13B left free cash flow of MX$3.42B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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