Ciments du Maroc (CAS:CMA) EBIT: MAD2,037 Mil (TTM As of Dec. 2025)

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CAS:CMA Ciments du Maroc SA CAS:CMA
73 GF Score
Price MAD1,620.00
GF Value MAD2,557.94
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Ciments du Maroc EBIT?

Ciments du Maroc CAS:CMA -0.12% 73 EBIT is MAD2,037 Mil as of Dec. 2025. GuruFocus rates CAS:CMA with a GF Score™ of 73/100 and a GF Value™ of MAD2,557.94 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Ciments du Maroc's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was MAD1,222 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was MAD2,037 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ciments du Maroc's annualized ROC % for the quarter that ended in Dec. 2025 was 32.09%. Ciments du Maroc's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 95.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ciments du Maroc's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.35%.

Ciments du Maroc  (CAS:CMA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Ciments du Maroc's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=2452.558 * ( 1 - 26.08% )/( (5117.27 + 6183.334)/ 2 )
=1812.9308736/5650.302
=32.09 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8934.834 - 3224.9 - ( 1329.743 - max(0, 3229.55 - 3822.214+1329.743))
=5117.27

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8892.168 - 1019.391 - ( 1689.443 - max(0, 1019.391 - 3753.057+1689.443))
=6183.334

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Ciments du Maroc's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2444.916/( ( (2058.261 + max(-1277.953, 0)) + (2134.917 + max(938.576, 0)) )/ 2 )
=2444.916/( ( 2058.261 + 3073.493 )/ 2 )
=2444.916/2565.877
=95.29 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1053.393 + 898.204 + 0) - (3224.9 + 0 + 4.6500000000001)
=-1277.953

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(971.779 + 788.837 + 197.351) - (1019.391 + 0 + 0)
=938.576

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Ciments du Maroc's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=2036.998/24398.137
=8.35 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ciments du Maroc EBIT Related Terms

Ciments du Maroc EBIT Historical Data

* Premium members only.

The historical data trend for Ciments du Maroc's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ciments du Maroc EBIT Chart

Ciments du Maroc Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,702.35 1,292.69 1,409.64 1,450.22 2,037.00

Ciments du Maroc Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 743.84 661.28 788.94 814.54 1,222.46

CAS:CMA vs CRH, VMC, MLM: EBIT Comparison

For the Building Materials subindustry, Ciments du Maroc's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ciments du Maroc EV-to-EBIT vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ciments du Maroc's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ciments du Maroc's EV-to-EBIT falls into.


CAS:CMA
73GF Score
Ciments du Maroc SA CAS:CMA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ciments du Maroc EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was MAD2,037 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of MAD2,037 Mil mean?
Ciments du Maroc (CAS:CMA) has a EBIT of MAD2,037 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ciments du Maroc.
Is Ciments du Maroc's EBIT too high?
Ciments du Maroc's current EBIT is MAD2,037 Mil. Overall, Ciments du Maroc has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ciments du Maroc's EBIT compare to CRH and VMC?
Ciments du Maroc's EBIT of MAD2,037 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Building Materials company?
A good EBIT depends on the Building Materials industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ciments du Maroc. Ciments du Maroc's current EBIT is MAD2,037 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ciments du Maroc stock overvalued right now?
Based on GuruFocus' analysis, Ciments du Maroc (CAS:CMA) is currently considered Significantly Undervalued. The stock's GF Value™ is MAD2,557.94, compared to a current price of MAD1,620.00 — trading 36.7% below its estimated fair value. The current EBIT is MAD2,037 Mil. Ciments du Maroc's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Ciments du Maroc (CAS:CMA), the current EBIT is MAD2,037 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ciments du Maroc (CAS:CMA) Overvalued in 2026?

Based on GuruFocus' analysis, Ciments du Maroc stock appears to be undervalued. The current stock price of MAD1,620.00 is trading 36.7% below its estimated GF Value™ of MAD2,557.94. GuruFocus considers Ciments du Maroc to be Significantly Undervalued.

Key valuation signals for CAS:CMA:

  • EBIT: MAD2,037 Mil
  • GF Value™: MAD2,557.94 vs. price of MAD1,620.00 (36.7% below fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the CAS:CMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ciments du Maroc Business Description

Address 621. Boulevard Panoramique, Casablanca, MAR, 20150
Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.
73GF Score

Get the complete analysis for CAS:CMA

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD1,620.00
Price
MAD2,557.94
GF Value