SODEP -Marsa Maroc (CAS:MSA) EPS without NRI: MAD21.67 (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CAS:MSA SODEP -Marsa Maroc SA CAS:MSA
88 GF Score
Price MAD865.00
GF Value MAD551.32
Valuation Significantly Overvalued
View Full Analysis

What is SODEP -Marsa Maroc EPS without NRI?

SODEP -Marsa Maroc CAS:MSA 88 EPS without NRI is MAD21.67 as of Dec. 2025. GuruFocus rates CAS:MSA with a GF Score™ of 88/100 and a GF Value™ of MAD551.32 (Significantly Overvalued). Among 792 Transportation companies, SODEP -Marsa Maroc ranks better than 76.64% on this metric.

SODEP -Marsa Maroc's earnings per share without non-recurring items for the six months ended in Dec. 2025 was MAD11.11. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2025 was MAD21.67.

During the past 12 months, SODEP -Marsa Maroc's average earnings per share (NRI) Growth Rate was 25.40% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 24.90% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 34.80% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 11.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for SODEP -Marsa Maroc's EPS without NRI or its related term are showing as below:

CAS:MSA' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -21.3   Med: 10.4   Max: 42.9
Current: 24.9

During the past 11 years, SODEP -Marsa Maroc's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 42.90% per year. The lowest was -21.30% per year. And the median was 10.40% per year.

CAS:MSA's 3-Year EPS without NRI Growth Rate is ranked better than
76.64% of 792 companies
in the Transportation industry
Industry Median: 3.7 vs CAS:MSA: 24.90

SODEP -Marsa Maroc's EPS (Diluted) for the six months ended in Dec. 2025 was MAD11.11. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was MAD21.64.

SODEP -Marsa Maroc's EPS (Basic) for the six months ended in Dec. 2025 was MAD11.12. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was MAD21.65.


SODEP -Marsa Maroc  (CAS:MSA) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


SODEP -Marsa Maroc EPS without NRI Related Terms


SODEP -Marsa Maroc EPS without NRI Historical Data

* Premium members only.

The historical data trend for SODEP -Marsa Maroc's EPS without NRI 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.

SODEP -Marsa Maroc EPS without NRI Chart

SODEP -Marsa Maroc Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.08 11.13 11.61 17.29 21.67

SODEP -Marsa Maroc Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EPS without NRI 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 5.71 8.53 8.73 10.56 11.11

CAS:MSA vs KEX: EPS without NRI Comparison

For the Marine Shipping subindustry, SODEP -Marsa Maroc's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.


SODEP -Marsa Maroc PE Ratio without NRI vs Transportation Industry

For the Transportation industry and Industrials sector, SODEP -Marsa Maroc's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where SODEP -Marsa Maroc's PE Ratio without NRI falls into.


CAS:MSA
88GF Score
SODEP -Marsa Maroc SA CAS:MSA
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SODEP -Marsa Maroc EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI 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 MAD21.67

* 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 EPS without NRI →
What does a EPS without NRI of MAD21.67 mean?
SODEP -Marsa Maroc (CAS:MSA) has a EPS without NRI of MAD21.67 as of Dec. 2025. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on SODEP -Marsa Maroc and its competitors. According to the industry distribution chart, SODEP -Marsa Maroc ranks #185 out of 792 companies in the Transportation industry, placing it in the top 23.4%.
Is SODEP -Marsa Maroc's EPS without NRI too high?
SODEP -Marsa Maroc's current EPS without NRI is MAD21.67. Based on the distribution chart, SODEP -Marsa Maroc ranks #185 out of 792 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, SODEP -Marsa Maroc has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SODEP -Marsa Maroc's EPS without NRI compare to KEX?
According to the Transportation industry distribution chart, SODEP -Marsa Maroc ranks #185 out of 792 companies for EPS without NRI. This places SODEP -Marsa Maroc in the top 23% of its industry — outperforming the majority of peers. The industry median EPS without NRI is 3.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Transportation company?
The median EPS without NRI among Transportation companies is 3.70, based on 792 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on SODEP -Marsa Maroc and its competitors. For the Transportation industry, the median EPS without NRI is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SODEP -Marsa Maroc's current EPS without NRI is MAD21.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SODEP -Marsa Maroc stock overvalued right now?
Based on GuruFocus' analysis, SODEP -Marsa Maroc (CAS:MSA) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD551.32, compared to a current price of MAD865.00 — trading 56.9% above its estimated fair value. The current EPS without NRI is MAD21.67. SODEP -Marsa Maroc's overall GF Score™ is 88/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For SODEP -Marsa Maroc (CAS:MSA), the current EPS without NRI is MAD21.67 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 SODEP -Marsa Maroc (CAS:MSA) Overvalued in 2026?

Based on GuruFocus' analysis, SODEP -Marsa Maroc stock appears to be overvalued. The current stock price of MAD865.00 is trading 56.9% above its estimated GF Value™ of MAD551.32. GuruFocus considers SODEP -Marsa Maroc to be Significantly Overvalued.

Key valuation signals for CAS:MSA:

  • EPS without NRI: MAD21.67
  • GF Value™: MAD551.32 vs. price of MAD865.00 (56.9% above fair value)
  • GF Score™: 88/100

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


SODEP -Marsa Maroc Business Description

Address 175, Boulevard Zerktouni, Casablanca, MAR, 20100
SODEP -Marsa Maroc SA is engaged in the management of port terminals. The company offers its customers, importers and exporters, ship owners and shipping agents, freight forwarders, and logistics companies, a wide range of port logistics services. The services offered fall into two categories: services to ships such as piloting, towing, mooring and refueling; and services to goods which includes basic services like handling on board ships and on the dockside, storing, pointing, weighing, stuffing and unstuffing of containers and other related services. The company's segment consists of container, solid bulk, conventional, liquid bulk, Ro-Ro, passengers.
88GF Score

Get the complete analysis for CAS:MSA

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD865.00
Price
MAD551.32
GF Value