$SIM

SIM

Grupo Simec, S.A.B. de C.V. American Depositary Shares

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As of 09-13
08-30
Yet Another Value PodcastPublished 2026-08-30
“$SEE.L: Europe just made this duopoly mandatory. Why is it 11x free cash flow? | Hugo Navarro”
$SIMNo side taken
SIM has margin of safety and upside potential from licensing/fleet, but carries high risk due to management execution/timing issues.

I think this is really important and I think this has a lot of future and for for me this thesis is okay the DMS ramp up in Europe I think it's priced in that's the base I think that's margin of safety if that doesn't derail h I should not lose big money I think fleet has huge optionality not only on their classic uh business model we could say of selling the hardware but on licensing it they are going to license their solution to hardware world developers, they are already working on a deal to start doing that and that solves lots of their problems because basically with competition you stop competing with telematics players and instead you integrate into them meaning in telematics player with really bad DMS solutions have good DMS solutions that can work better with clients and improve safety uh and clients will will demand that and sim gets a royalty for that the market it's smaller but it's also higher margin.

So I think that should be some optionality that we should see over the coming years.

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