Saturday, July 25, 2015

Mexico Publicly-Traded Companies Filing With the US SEC 2014 Audited Earnings Up 85 Bil Mexican Pesos or 17 Times Above 2008 Earnings ..... the Obama Admin, the US Fed and all Americans ... Central, South and North ... Have To Be Pleased

From a very thorough review of SEC filings and the Google Finance Website, I found 12 Companies headquartered in Mexico with Stock Market Capitalizations now of more than US$100 mil and which filed their financial statements with the US SEC.

On the downside, the Total Audited Earnings of these 12 Mexican Companies were down a bit in each of the two most recent years from a year earlier.

But on the huge upside, these same 12 Mexican Companies generated Total Audited Earnings From Continuing Operations of Mexican Pesos 90.082 bil in the Most Recent 2014, which was a massive Mexican Pesos 85.098 bil, or 17 times, Earnings Improvement from the Mexican Pesos 4.984 bil of Total Earnings in the Financial Meltdown Year of 2008.

These Audited Earnings amounts are based on IFRS GAAP in the most recent 4 or 5 years and based on US GAAP in the earlier 2 or 3 years.

Below here are the reported Audited Net Income (Losses) of each of  these 12 Mexico Companies for all of their fiscal years reported from 2008 through 2014, presented by Market Cap:



2014 2013 2012 2011 2010 2009 2008


Most Audited Audited Audited Audited Audited Audited Audited
Mexico Companies
Recent Net Net Net Net Net Net Net
Filing Financial Statements
2014 Income Income Income Income Income Income Income
With US SEC City HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



mil Mex pesos mil Mex pesos mil Mex pesos mil Mex pesos mil Mex pesos mil Mex pesos mil Mex pesos










America Movil Mexico City Dec     47,498     74,974     91,649     88,199     98,905     74,360     54,252
Fomento Economico Mexicano Monterrey Dec     22,630     22,155     28,051     20,901     72,204     10,685        6,599
Grupo Televisa Mexico City Dec        6,660     10,234     10,069        7,957        8,623        5,561        9,049
Cemex Monterrey Dec     (5,680)     (9,611)   (11,338)   (24,767)   (13,436)     (1,124)   (63,663)
Gruma San Pedro Dec        3,858        3,457           823        4,672           590        1,678   (11,786)
Coca Cola FEMSA Mexico City Dec     10,966     11,782     13,898     11,213     10,105        8,853        5,802
Grupo Aeroportuario del Sureste Mexico City Dec        2,284        2,297        2,075        1,591        1,251           919        1,220
Grupo Aeroportuario del Pacifico Guadalajara Dec        2,243        2,246        1,772        1,612        1,725        1,476        1,961
Grupo Aeroportuario del Centro Norte San Pedro Dec        1,027        1,201           819           616           660           302        1,013
Grupo Simec Guadalajara Dec           518           989        1,954        2,979           830         (279)        1,844
Controladora Vuela Compania de Aviacion Mexico City Dec           605           265           203         (315)           643

Empresas ICA Mexico City Dec     (2,527)           700           963           170           725           405     (1,307)










Total all 12

    90,082   120,689   140,938   114,828   182,825   102,836        4,984










2014 Earnings Increase Over 2008:








…..  Amount

    85,098





…..  %

1707%