SMI - Ste Metallurgique d'Imiter (CAS:SMI) EBIT: MAD591 Mil (TTM As of Dec. 2025)


CAS:SMI SMI - Ste Metallurgique d'Imiter CAS:SMI
73 GF Score
Price MAD5,950.00
GF Value MAD3,417.45
Valuation Significantly Overvalued
! 2 Warning Signs
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What is SMI - Ste Metallurgique d'Imiter EBIT?

SMI - Ste Metallurgique d'Imiter CAS:SMI +0.85% 73 EBIT is MAD591 Mil as of Dec. 2025. GuruFocus rates CAS:SMI with a GF Score™ of 73/100 and a GF Value™ of MAD3,417.45 (Significantly Overvalued). The stock has 2 warning signs investors should review.

SMI - Ste Metallurgique d'Imiter's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was MAD429 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was MAD591 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SMI - Ste Metallurgique d'Imiter's annualized ROC % for the quarter that ended in Dec. 2025 was 36.67%. SMI - Ste Metallurgique d'Imiter's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 123.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SMI - Ste Metallurgique d'Imiter's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.04%.

SMI - Ste Metallurgique d'Imiter  (CAS:SMI) EBIT Explanation

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

SMI - Ste Metallurgique d'Imiter'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 )
=870.514 * ( 1 - 32.35% )/( (1465.841 + 1745.758)/ 2 )
=588.902721/1605.7995
=36.67 %

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))
=1876.339 - 393.777 - ( 16.721 - max(0, 415.697 - 1182.448+16.721))
=1465.841

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))
=2124.286 - 367.571 - ( 10.957 - max(0, 412.119 - 1439.147+10.957))
=1745.758

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:

SMI - Ste Metallurgique d'Imiter'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 )
=857.874/( ( (516.322 + max(131.637, 0)) + (515.42 + max(227.897, 0)) )/ 2 )
=857.874/( ( 647.959 + 743.317 )/ 2 )
=857.874/695.638
=123.32 %

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)
=(343.963 + 196.322 + 7.0490000000002) - (393.777 + 0 + 21.92)
=131.637

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(446.89 + 190.663 + 2.4629999999997) - (367.571 + 0 + 44.548)
=227.897

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:

SMI - Ste Metallurgique d'Imiter's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=590.86/9777.524
=6.04 %

* 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.

SMI - Ste Metallurgique d'Imiter EBIT Related Terms

SMI - Ste Metallurgique d'Imiter EBIT Historical Data

* Premium members only.

The historical data trend for SMI - Ste Metallurgique d'Imiter'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.

SMI - Ste Metallurgique d'Imiter EBIT Chart

SMI - Ste Metallurgique d'Imiter 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 -56.02 45.61 225.30 268.49 590.86

SMI - Ste Metallurgique d'Imiter 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 172.75 164.18 104.31 161.92 428.94

SMI - Ste Metallurgique d'Imiter EBIT Competitor Comparison

For the Other Industrial Metals & Mining subindustry, SMI - Ste Metallurgique d'Imiter'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.

SMI - Ste Metallurgique d'Imiter EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, SMI - Ste Metallurgique d'Imiter's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SMI - Ste Metallurgique d'Imiter's EV-to-EBIT falls into.


CAS:SMI
73GF Score
SMI - Ste Metallurgique d'Imiter CAS:SMI
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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SMI - Ste Metallurgique d'Imiter 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 MAD591 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 MAD591 Mil mean?
SMI - Ste Metallurgique d'Imiter (CAS:SMI) has a EBIT of MAD591 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SMI - Ste Metallurgique d'Imiter.
Is SMI - Ste Metallurgique d'Imiter's EBIT too high?
SMI - Ste Metallurgique d'Imiter's current EBIT is MAD591 Mil. Overall, SMI - Ste Metallurgique d'Imiter has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMI - Ste Metallurgique d'Imiter's EBIT compare to competitors?
SMI - Ste Metallurgique d'Imiter's EBIT of MAD591 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good EBIT depends on the Metals & Mining 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 SMI - Ste Metallurgique d'Imiter. SMI - Ste Metallurgique d'Imiter's current EBIT is MAD591 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMI - Ste Metallurgique d'Imiter stock overvalued right now?
Based on GuruFocus' analysis, SMI - Ste Metallurgique d'Imiter (CAS:SMI) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD3,417.45, compared to a current price of MAD5,950.00 — trading 74.1% above its estimated fair value. The current EBIT is MAD591 Mil. SMI - Ste Metallurgique d'Imiter's overall GF Score™ is 73/100 with 2 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 SMI - Ste Metallurgique d'Imiter (CAS:SMI), the current EBIT is MAD591 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 SMI - Ste Metallurgique d'Imiter (CAS:SMI) Overvalued in 2026?

Based on GuruFocus' analysis, SMI - Ste Metallurgique d'Imiter stock appears to be overvalued. The current stock price of MAD5,950.00 is trading 74.1% above its estimated GF Value™ of MAD3,417.45. GuruFocus considers SMI - Ste Metallurgique d'Imiter to be Significantly Overvalued.

Key valuation signals for CAS:SMI:

  • EBIT: MAD591 Mil
  • GF Value™: MAD3,417.45 vs. price of MAD5,950.00 (74.1% above fair value)
  • GF Score™: 73/100 with 2 warning signs

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

SMI - Ste Metallurgique d'Imiter Business Description

Address Twin Center, Tour A, PO Box 5199, Angle Boulevards Zerktouni et Al Massira Al Khadra, Casablanca, MAR
SMI - Ste Metallurgique d'Imiter is a Morocco-based company engaged in the mining industry. The company's product portfolio consists of precious metals such as Silver and Gold, Copper, Zinc, Cobalt cathode, Arsenic, Nickel and many more. Its Morocco project consists of Bouskour and Tizert. The Bouskour project is located approximately 80 kilometers southeast of the city of Ouarzazate. Its Tizert project is situated approximately 80 kilometers east of the city of Agadir in the province of Taroudant. The company's Africa project comprises of Gold projects, Tri-K projects, Pumpi project, and Assosa and Budur projects.
73GF Score

Get the complete analysis for CAS:SMI

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

MAD5,950.00
Price
MAD3,417.45
GF Value