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Grupo Simec, S.A.B. de C.V., a company primarily engaged in the steel industry with a market capitalization of $1.39 billion, has filed a Form 6-K with the United States Securities and Exchange Commission (SEC) for the month of December 2024, as disclosed in a report dated April 29, 2025. This filing is in accordance with the requirements set by the SEC for foreign private issuers under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
The document confirms that Grupo Simec, which operates under the SIC code for Steel Works, Blast Furnaces, and Rolling Mills, has its principal executive offices located at Av. Lázaro Cardenas 601, Colonia la Nogalera, Guadalajara, Jalisco, México. According to InvestingPro data, the company generates annual revenue of $1.61 billion and maintains a strong financial position with a current ratio of 4.29 and minimal debt. The company has indicated that it files its annual reports under the cover of Form 20-F, which is designated for foreign private issuers and includes the necessary disclosures as per the SEC regulations.
The SEC filing was executed by Sergio Vigil González, the Chief Executive Officer of Grupo Simec, who signed the document on behalf of the company. The filing does not indicate that the company is furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934, which allows foreign issuers to make their home country disclosure available to U.S. investors.
This SEC filing provides investors and the public with updated regulatory information about Grupo Simec, ensuring transparency and adherence to international reporting standards. InvestingPro analysis suggests the stock is currently undervalued, trading at an attractive P/E ratio of 2.53, with a Financial Health Score rated as "GREAT". The company’s commitment to regulatory compliance is evidenced by the timely submission of the required documentation to the SEC.
Investors and interested parties can access the details of the filing through the SEC’s database, as this report is part of the public record. The information is based on the press release statement issued by Grupo Simec. For deeper insights into Grupo Simec’s financial health, valuation metrics, and eight additional exclusive ProTips, consider subscribing to InvestingPro.
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