SIMNYSESteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)Fiscal year ends December 31
GRUPO SIMEC, S.A.B. de C.V.
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Jul 31, 2026
$27.95+0.00 (0.00%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2015 to 2024
Gross margin
22.7%+10.6 pts over 5 years
Net margin
31.2%+26.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -18.2% | -15.4% | -0.3% | – | |
| Gross profit | -24.0% | -21.3% | +13.2% | – | |
| Net income | +144.9% | +3.6% | +44.9% | – | |
| Free cash flow | +93.2% | -22.4% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | 4.8% | 19.2% | |
| Return on assets | – | 3.5% | 15.0% | |
| Current ratio | – | 3.08 | 4.56 | |
| Inventory turnover | – | 3.3× | 2.4× | |
| Capex to revenue | – | 3.7% | 6.3% | |
| Diluted shares | – | 0M | 461M |
Where the cash went
Fiscal 2020 to 2024, five years combined
GRUPO SIMEC, S.A.B. de C.V. generated 30.78B MXN from operations and spent 10.75B MXN on capital expenditure, dividends and share buybacks. 78% of that went back into the business.
Generated
30.78B MXN
Used
10.75B MXN
Capital expenditure8.33B MXN78%Dividends1.99B MXN19%Share buybacks422.15M MXN4%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin31.2%
×Asset turnover0.48×
×Equity multiplier1.29×
=Return on equity, FY202419.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 31.2% | 0.48× | 1.29× | 19.2% |
| FY2023 | 10.4% | 0.61× | 1.38× | 8.8% |
| FY2022 | 14.5% | 0.87× | 1.39× | 17.5% |
| FY2021 | 17.0% | 1.08× | 1.38× | 25.3% |
| FY2020 | -7.8% | 0.80× | 1.37× | -8.5% |
| FY2019 | 4.8% | 0.74× | 1.36× | 4.8% |
| FY2018 | 10.2% | 0.75× | 1.35× | 10.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
5of 8 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero10.49B MXN
- Cash generatingOperating cash flow above zero5.55B MXN
- Return on assets improvedROA up on the prior year6.3% → 15.7%
- Earnings backed by cashOperating cash flow above net income5.55B MXN vs 10.49B MXN
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.22 → 4.56
- No dilutionShare count did not rise462M → 461M
- Gross margin improvedGross margin up on the prior year24.40% → 22.65%
- More efficientAsset turnover rose0.61 → 0.50