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

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

CDSAF
Cydsa, S.A.B. de C.V.US flagOther OTC
0.62
USD
- -
- -
387.74MMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
10.75
9.28
9.28
9.55
11.94
15.65
18.32
18.47
19.22
20.41
24.92
26.14
28.04
30.09
Basic EPS, GAAP
1.11
0.9
0.57
0.58
1.06
0.84
1.38
2.08
0.81
1.01
2.23
3.82
1
0.39
Free Cash Flow per Basic Share
0.15
-2.63
-3.05
-2.71
-1.07
-0.5
0.92
1.43
1.89
-0.19
0.27
1.53
1.48
3.05
Dividend per Share
0.15
0.54
0.37
0.38
0.21
0.21
0.35
0.7
0.54
0.36
0.37
0.46
0.56
0.65
Book Value per Share
11.78
11.35
11.05
11.27
12.13
12.76
13.88
15.5
16.07
16.8
18.95
22.47
23.13
22.6
Tangible Book Value per Share
11.38
13.39
13.72
15.56
17.56
17.02
17.18
16.47
17.03
18.28
20.05
21.39
26.34
23.59
Basic Weighted Avg Shares
512
559
585
583
583
583
579
569
558
556
546
542
536
541
Sales/Revenue/Turnover
5,498
5,183
5,427
5,569
6,958
9,118
10,608
10,507
10,726
11,339
13,612
14,160
15,039
16,273
Operating Margin (%)
18.01
16.63
13.32
14.65
14.92
16.34
20.82
19.95
15.87
17.35
18.13
22.7
18.52
14.82
Depreciation Expense
194
208
324
360
487
800
907
861
990
1,009
1,095
1,011
1,323
1,522
Net Income, GAAP
569
502
333
336
618
487
801
1,181
451
562
1,218
2,070
535
213
Effective Tax Rate (%)
35.39
40.77
54.94
43.81
55.77
31.64
30.46
17.35
37.64
26.82
30.7
20.03
66.2
76.8
Profit Margin (%)
10.35
9.69
6.14
6.03
8.88
5.34
7.55
11.24
4.2
4.96
8.95
14.62
3.56
1.31
Working Capital
4,564
4,002
3,334
1,453
365
1,297
2,918
4,127
6,064
4,647
3,218
2,490
4,439
3,819
LT Debt
2,019
1,861
3,302
3,809
4,785
7,184
9,136
11,165
14,142
14,324
13,301
11,117
14,095
13,204
Total Equity
5,980
7,700
8,217
9,253
10,399
10,040
10,088
9,526
9,671
10,375
11,202
11,864
14,439
13,026
Return on Invested Capital (%)
7.87
5.5
2.96
3.56
3.06
6
8.11
8.33
4.56
5.64
6.51
9.99
3.39
2.09
Return on Capital (%)
7.91
6.61
4.34
4.56
5.48
5.38
7.37
9.03
4.87
5.17
6.52
10.84
3.93
2.05
Return on Common Equity (%)
9.85
8.12
5.2
5.16
9.06
6.71
10.35
14.01
5.07
6.14
12.38
18.38
4.35
1.73

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
922
962
1,307
LT Borrowings
13,767
13,608
12,664
LT Finance Leases
328
567
540
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
531
531
531
Market Capitalization
6,980
6,790
6,290

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
9,285
8,991
8,638
Cash, Cash Equivalents & STI
2,484
2,150
2,224
Accounts Receivable, Net
3,172
3,363
3,064
Inventories
1,706
1,464
1,489
Total Current Liabilities
4,846
4,607
4,819
Payables & Accruals
- -
- -
- -
ST Debt
922
962
1,307
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.08%
8.88%
21.7%
Free Cash Flow
-23.24%
24.39%
-3.81%
Net Income, GAAP
25.09%
15.07%
-74.15%
Sales/Revenue/Turnover
11.21%
7.62%
6.21%
Total Cash Common Dividend
- -
- -
20%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
3,670
3,328
3,376
3,787
14,160
2024
3,130
3,835
3,924
4,151
15,039
2025
3,958
4,241
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.85
1
1.06
0.89
3.82
2024
0.39
0.52
0.27
-0.18
1
2025
0.23
0.08
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
0.02
-0.02
0.46
2024
- -
0.56
- -
- -
0.56
2025
- -
0.66
- -
- -
- -

Company Description

APIChat
CEO
Engineer Tomas Roberto Gonzalez Sada
Full Time Employees
2,078
Sector
Basic Materials
Industry
Chemicals
Address
Ave. Ricardo Margain Zozaya 335 San Pedro Garza García NL Mexico 66265
IPO Date
Sep 11, 2009
Website
cydsa.com
Business
Cydsa, S.A.B. de C.V. (Ticker: CDSAF) manufactures and markets a diverse portfolio of chemical products and specialties; electricity and steam cogeneration; and hydrocarbon processing and underground storage services. Through its subsidiaries, including Sales del Istmo, S.A. de C.V. (SISA), which produces iodized and fluoridated salt for human consumption under brands such as La Fina® and for industrial uses like water treatment and food processing; Industria Química del Istmo, S.A. de C.V. (IQUISA) and affiliates Iquisa Santa Clara and Iquisa Noreste, which operate five plants to produce chlorine, caustic soda, and chemical specialties for industries including paper, textiles, plastics, water purification, mining, and oil drilling; and Quimobásicos, S.A. de C.V., a joint venture with Honeywell that manufactures refrigerant gases, propellants, foaming agents under the Genetron® brand, precision cleaning agents, medicinal gases, and fluoropolymer precursors for refrigeration, air conditioning, and export markets in Latin America and the United States. Sistemas Energéticos SISA, S.A. de C.V. generates and commercializes electricity and steam from two cogeneration plants in Coatzacoalcos, Veracruz, supplying internal needs and surplus to the national market; the company also advances hydrocarbon processing and underground storage in salt caverns to support efficient energy operations in Mexico. Founded in 1945 and headquartered in San Pedro Garza García, Nuevo León, Mexico, Cydsa operates over 20 subsidiaries across nine cities, serving customers in more than 15 countries with a focus on the chemical, energy, and industrial sectors. In 2024, the company substantially expanded its chlorine-caustic soda production capacity by nearly 70% to 322,000 metric tons annually through consolidation of facilities including new plants in Coatzacoalcos and Noreste; secured a 1,360 million peso, 10-year credit facility from Bancomext to repurchase US$79.3 million of its 6.250% Senior Notes due 2027 at a discount; acquired additional short- and medium-term bank loans totaling over 4,000 million pesos to bolster liquidity; and executed a 2,014 million peso syndicated loan with Scotiabank and BBVA to refinance short-term debt while improving maturity profiles. In April 2025, Cydsa launched a tender offer to repurchase up to US$25 million aggregate purchase price of its outstanding 6.250% Senior Notes due 2027, with subsequent expiration results reported in May 2025, as part of ongoing debt management efforts.