(SIM) Grupo Simec SAB de CV - Ratings and Ratios

Grupo Simec, S.A.B. de C.V., a subsidiary of Industrias CH, S.A.B. de C.V., stands as a prominent manufacturer, processor, and distributor of special bar quality (SBQ) steel and steel alloy products. Headquartered in Guadalajara, Mexico, the company has been operational since 1934, establishing a robust presence across Mexico, the United States, Brazil, Canada, Latin America, and international markets. Their product range includes I-beams, channels, structural and commercial angles, hot-rolled bars, flat bars, rebars, cold-finished bars, electro-welded wire mesh, panels, and wire rods, along with semi-finished tube rounds and other semi-finished products.

Their SBQ products are integral to various engineered applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment. Additionally, their structural steel products serve the non-residential construction market and other construction sectors. Grupo Simecs global reach extends to exports in Central and South America, and Europe, underscoring their significant market presence.

Financially, Grupo Simec boasts a market capitalization of approximately $4 billion USD, with a price-to-earnings (P/E) ratio of 8.95, positioning it attractively compared to industry peers. The price-to-book (P/B) ratio of 1.35 indicates the stock is reasonably valued relative to its book value. For more details, investors can visit their website at https://www.gsimec.com.mx.