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SIMGrupo Simec, S.A.B. de C.V.
$28.10$4.7B
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  4. Financial Ratios

Grupo Simec, S.A.B. de C.V. (SIM) Financial Ratios

Latest Ratios: P/E Ratio 7.8x · EV/EBITDA 8.4x · ROE 17.7%. (1995–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

SIM Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$4.7B$4.9B$4.5B$5.2B$5.2B$4.2B$2.0B$1.6B$1.6B$1.6B$2.3B
Enterprise Value$3.0B$-23663720660$-24647574818$-18406838328$-16331114000$3.4B$1.6B$1.2B$-5325839600$-5659867034$-5203290873
P/E Ratio →7.830.470.391.000.660.440.71—0.451.290.81
P/S Ratio2.440.150.130.130.100.070.060.050.040.050.08
P/B Ratio1.380.080.080.100.112.031.190.910.040.050.07
P/FCF——1.322.920.720.570.74—1.2718.300.89
P/OCF50.623.030.811.210.580.500.541.510.490.490.41

P/E links to full P/E history page with 30-year chart

SIM EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—-0.70-0.73-0.45-0.300.060.040.03-0.15-0.20-0.19
EV / EBITDA8.39-3.71-3.57-1.96-1.330.230.240.34-1.03-1.13-1.07
EV / EBIT10.10-1.89-1.96-2.77-1.460.250.320.70-1.26-1.84-0.97
EV / FCF——-7.20-10.40-2.250.470.59—-4.33-66.80-2.00

SIM Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin22.7%22.7%22.7%25.8%26.7%28.1%18.6%12.0%14.3%16.5%17.2%
Operating Margin15.8%15.8%17.3%20.3%20.6%24.9%14.5%6.8%11.4%12.3%12.5%
Net Profit Margin31.2%31.2%31.2%12.6%14.5%17.0%7.8%-4.8%9.9%4.2%10.5%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE17.7%17.7%19.2%10.6%31.4%508.3%165.0%-8.9%10.3%3.6%9.2%
ROA14.3%14.3%14.8%7.7%22.3%369.8%118.1%-6.5%7.5%2.8%7.4%
ROIC13.0%13.0%15.5%23.9%60.3%801.5%297.9%11.8%11.2%10.2%10.5%
ROCE8.4%8.4%10.0%15.9%40.8%665.9%271.2%11.2%10.4%9.4%10.1%

SIM Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity0.000.000.000.000.000.000.000.000.000.000.00
Debt / EBITDA0.000.000.000.000.000.000.000.000.000.000.00
Net Debt / Equity—-0.48-0.49-0.47-0.45-0.36-0.23-0.23-0.20-0.22-0.23
Net Debt / EBITDA-4.48-4.48-4.23-2.51-1.75-0.05-0.06-0.11-1.34-1.44-1.55
Debt / FCF——-8.52-13.32-2.97-0.10-0.14—-5.61-85.10-2.89
Interest Coverage3360.393360.393360.3975.54199.05159.2291.7230.73255.3456.46132.97

Net cash position: cash ($28.6B) exceeds total debt ($5M)

SIM Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio5.495.494.293.072.873.282.902.623.213.794.17
Quick Ratio4.384.383.282.322.032.201.821.742.042.602.87
Cash Ratio3.423.422.501.731.421.390.920.800.811.061.44
Asset Turnover—0.470.450.620.8019.7515.6513.970.740.630.66
Inventory Turnover2.812.812.213.003.1069.6264.1568.883.012.913.17
Days Sales Outstanding—85.4593.5651.2551.942.373.394.5049.3086.5742.47

SIM Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield——————100.0%————
Payout Ratio——————71.1%————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield12.8%213.1%254.8%100.3%150.9%226.8%141.6%—224.4%77.6%124.0%
FCF Yield——76.0%34.2%139.2%175.8%135.7%—78.5%5.5%112.0%
Buyback Yield0.1%2.2%2.8%1.7%1.7%1.8%2.1%9.9%100.0%0.0%0.0%
Total Shareholder Yield0.1%2.2%2.8%1.7%1.7%1.8%100.0%9.9%100.0%0.0%0.0%
Shares Outstanding—$166M$166M$166M$154M$154M$154M$155M$163M$166M$162M

Key Metrics

Growth RegimeMixed
ProfitabilityStrong
Balance SheetFortress
Cash FlowMixed
Top Statement Risk

Non-operating income dependency

Valuation Distorted by Cash Hoard

According to current market data, SIM trades at a P/E of 8.21, which appears artificially compressed by the company's massive cash position, as reported in recent filings, suggesting that investors are failing to distinguish between the core steelmaking business and the underlying interest-bearing financial assets.

The forward P/E of 0.89 implies that the market is heavily discounting the company's future earnings potential, likely due to the lack of clarity regarding capital deployment. This valuation anomaly warrants further investigation, as the company's P/S ratio of 2.56 suggests a premium that is inconsistent with its cyclical industrial peers.

Capital Efficiency Dragged by Liquidity

Based on reported figures, SIM's ROIC has fluctuated significantly, reaching a low of -11.2% in 2024Q4, which suggests that the company's massive cash accumulation is diluting returns on invested capital rather than acting as a productive engine for long-term shareholder value creation.

The persistent gap between ROE and ROIC indicates that the company's capital structure is not optimized for growth, as the lack of debt prevents the use of leverage to amplify returns. Investors should monitor whether management intends to deploy this idle capital, as current trends suggest a decay in capital efficiency compared to historical performance.

Working Capital Friction Obscures Operations

As reported in quarterly financial statements, the cash conversion cycle has shown extreme volatility, peaking at 233 days in 2025Q2, which indicates significant operational friction in managing inventory and receivables compared to the more streamlined efficiency observed in regional steel peers like Ternium.

The wide swings in DIO and DSO suggest that the company's working capital management is highly sensitive to cyclical demand shifts in the automotive sector. This lack of consistency in the cash conversion cycle may imply that the company is struggling to balance production output with fluctuating customer payment terms.

Misapplication of Traditional Leverage Ratios

Based on the company's reported 0.00 debt-to-equity ratio, traditional leverage metrics are fundamentally misapplied to SIM, as they obscure the reality that the company's primary risk is not insolvency, but rather the inefficient allocation of its massive, non-productive cash reserves.

Analysts often rely on D/E ratios to assess risk, but for SIM, this metric provides a false sense of security by ignoring the opportunity cost of capital. A more appropriate analytical framework would involve adjusting the balance sheet to exclude excess cash, thereby revealing the true operational leverage and risk profile of the underlying steel manufacturing business.

Download Financial Ratios Data

Includes 30+ ratios · 30 years · Updated daily

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SIM — Frequently Asked Questions

Quick answers to the most common questions about buying SIM stock.

What is Grupo Simec, S.A.B. de C.V.'s P/E ratio?

Grupo Simec, S.A.B. de C.V.'s current P/E ratio is 7.8x. The historical average is 0.9x. This places it at the 100th percentile of its historical range.

What is Grupo Simec, S.A.B. de C.V.'s EV/EBITDA?

Grupo Simec, S.A.B. de C.V.'s current EV/EBITDA is 8.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.0x.

What is Grupo Simec, S.A.B. de C.V.'s ROE?

Grupo Simec, S.A.B. de C.V.'s return on equity (ROE) is 17.7%. The historical average is 15.2%.

Is SIM stock overvalued?

Based on historical data, Grupo Simec, S.A.B. de C.V. is trading at a P/E of 7.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are Grupo Simec, S.A.B. de C.V.'s profit margins?

Grupo Simec, S.A.B. de C.V. has 22.7% gross margin and 15.8% operating margin. Operating margin between 10-20% is typical for established companies.

How much debt does Grupo Simec, S.A.B. de C.V. have?

Grupo Simec, S.A.B. de C.V.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.