Gruma, S.A.B. de C.V.: Company Profile and SWOT Analysis - PDF by ICDResearch

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									Gruma, S.A.B. de C.V.

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Gruma, S.A.B. de C.V.                                                      Financial Snapshot

                                                                           Operating Performance
Fast Facts
                                 Calzada del Valle Ote. 407, Nuevo Leon,   The company reported revenue of US$3,683.84
Headquarters Address
                                 66220,Mexico                              million during the fiscal year 2010 (2010). The
                                                                           company's revenue grew at a CAGR of 5.68% during
Telephone                         + 52 55 83993300
                                                                           2006–2010, with an annual decline of -1.35% over
                                                                           2009. In 2010, the company recorded an operating
Fax                               + 52 81 83993359                         margin of 4.47%, as against 7.24% in <2009.

Website                          www.gruma.comvIng
                                                                           Revenue and Margins
Ticker Symbol, Stock Exchange    GRUMAB, Mexico Stock Exchange

Number of Employees              18,000

Fiscal Year End                  December

Revenue (in US$ million)         3,683.84

Revenue (in MXN million)         46,600.54




SWOT Analysis                                                              Return on Equity

Strengths                        Weaknesses                                The company recorded a return on equity (ROE) of
                                                                           7.86% for 2010, as compared to its peers, Flowers
Improved Financial Performance   High Indebtedness                         Foods, Inc. (Ticker: FLO), Grupo Industrial Maseca
                                                                           S.A.B. de C.V. (Ticker: MASECAB) and Grupo Mac
                                                                           Ma SAB de CV (Ticker: GMACMAB), which recorded
Multi-branding Strategy                                                    ROEs of 17.22%, 12.13% and -6.95% respectively.
                                                                           The company reported a net profit margin of 4.47% in
Wide Geographic Presence                                                   2010.


Opportunities                    Threats                                   Return on Equity

Recovering Economy               Consumer Preferences

                                 Rising Counterfeit Goods Market




                                                                           Liquidity Position

                                                                           The company reported a current ratio of 1.47 in 2010,
                                                                           as compared to its peers, Flowers Foods, Inc., Grupo
                                                                           Industrial Maseca S.A.B. de C.V. and Grupo Mac Ma
                                                                           SAB de CV, which recorded current ratios of 1.29,
                                                                           2.90 and 0.62 respectively. As of December 2010, the
                                                                           company recorded cash and short-term investments
                                                                           of worth US$7.98 million, against US$124.60 million
                                                                           current debt. The company reported a debt to equity
                                                                           ratio of 2.67 in 2010 as compared to its peers,
                                                                           Flowers Foods, Inc., Grupo Industrial Maseca S.A.B.
                                                                           de C.V. and Grupo Mac Ma SAB de CV, which
                                                                           recorded debt to equity ratios of 0.16, 0.03 and 0.31
                                                                           respectively.




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Gruma, S.A.B. de C.V. - SWOT Profile                                                                              Page 1
Gruma, S.A.B. de C.V.

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................7
2     Analysis of Key Performance Indicators ............................................................................................... 8
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................8
    2.2       Key Financial Performance Indicators .................................................................................................................11
      2.2.1       Revenue and Operating Profit .........................................................................................................................11
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................12
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................13
      2.2.4       Operational Efficiency ......................................................................................................................................14
      2.2.5       Solvency ..........................................................................................................................................................15
      2.2.6       Valuation ..........................................................................................................................................................16
    2.3       Competitive Benchmarking ..................................................................................................................................17
      2.3.1       Efficiency ..........................................................................................................................................................18
      2.3.2       Turnover – Inventory and Asset .......................................................................................................................19
      2.3.3       Liquidity ............................................................................................................................................................20
3     SWOT Analysis .........................................................................
								
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