Is GRUPO SIMEC, S.A.B. de C.V. (SIM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.1% / 30% | 603.4% / 30% | 118.0% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 0.1% / 33% | 603.4% / 33% | 118.0% / 33% | N/A | ✗ NOT HALAL |
| MSCI | 0.0% / 33% | 39.8% / 33% | 7.8% / 33% | N/A | ✗ NOT HALAL |
| S&P | 0.1% / 33% | 603.4% / 33% | 118.0% / 33% | N/A | ✗ NOT HALAL |
| FTSE | 0.0% / 33% | 39.8% / 33% | 7.8% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 25.2% | |
| Operating Margin | 19.8% | |
| Net Margin | 5.1% | |
| Return on Equity (ROE) | 2.6% | |
| Return on Assets (ROA) | 4.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $5.5B |
| Free Cash Flow | $3.4B |
| Total Debt | $6M |
| Debt-to-Equity | 0.0 |
| Current Ratio | 5.5 |
| Total Assets | $73.3B |
Price & Trading
| Last Close | $30.80 |
| 50-Day MA | $30.70 |
| 200-Day MA | $28.79 |
| Avg Volume | 291 |
| Beta | 0.3 |
|
52-Week Range
$23.60
| |
About GRUPO SIMEC, S.A.B. de C.V. (SIM)
Grupo Simec, S.A.B. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and structural steel products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold-finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as other semi-finished trade products. Its SBQ products are used across a range of engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment; and structural steel products are used in the non-residential construction market and other construction applications. The company also exports its steel products to Central and South America, and Europe. The company was founded in 1934 and is headquartered in Guadalajara, Mexico. Grupo Simec, S.A.B. de C.V. is a subsidiary of Industrias CH, S.A.B. de C.V.
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Frequently Asked Questions
Is GRUPO SIMEC, S.A.B. de C.V. (SIM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), GRUPO SIMEC, S.A.B. de C.V. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is GRUPO SIMEC, S.A.B. de C.V.'s debt ratio?
GRUPO SIMEC, S.A.B. de C.V.'s debt ratio is 0.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 0.0%.
What are GRUPO SIMEC, S.A.B. de C.V.'s key financial metrics?
GRUPO SIMEC, S.A.B. de C.V. has a market capitalization of $4.8B, trailing P/E ratio of 8.7. The company maintains a gross margin of 25.2% and a net margin of 5.1%. Return on equity stands at 2.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.