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 .........................................................................