SODEP -Marsa Maroc (CAS:MSA) Gross Margin %: 59.91% (As of Dec. 2025) — 31% Above Median

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 MAD873.50
GF Value MAD551.32
Valuation Significantly Overvalued
View Full Analysis

What is SODEP -Marsa Maroc Gross Margin %?

SODEP -Marsa Maroc CAS:MSA +0.98% 88 Gross Margin % is 59.91% as of Dec. 2025, which is 31% above its 10-year median of 45.67. GuruFocus rates CAS:MSA with a GF Score™ of 88/100 and a GF Value™ of MAD551.32 (Significantly Overvalued). Among 980 Transportation companies, SODEP -Marsa Maroc ranks better than 94.39% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. SODEP -Marsa Maroc's Gross Profit for the six months ended in Dec. 2025 was MAD1,763 Mil. SODEP -Marsa Maroc's Revenue for the six months ended in Dec. 2025 was MAD2,943 Mil. Therefore, SODEP -Marsa Maroc's Gross Margin % for the quarter that ended in Dec. 2025 was 59.91%.


The historical rank and industry rank for SODEP -Marsa Maroc's Gross Margin % or its related term are showing as below:

CAS:MSA' s Gross Margin % Range Over the Past 10 Years
Min: 28.57   Med: 45.67   Max: 68.2
Current: 68.2


During the past 11 years, the highest Gross Margin % of SODEP -Marsa Maroc was 68.20%. The lowest was 28.57%. And the median was 45.67%.

CAS:MSA's Gross Margin % is ranked better than
94.39% of 980 companies
in the Transportation industry
Industry Median: 20.4 vs CAS:MSA: 68.20

SODEP -Marsa Maroc had a gross margin of 59.91% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for SODEP -Marsa Maroc was 9.30% per year.


SODEP -Marsa Maroc  (CAS:MSA) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

SODEP -Marsa Maroc had a gross margin of 59.91% for the quarter that ended in Dec. 2025 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


SODEP -Marsa Maroc Gross Margin % Related Terms


SODEP -Marsa Maroc Gross Margin % Historical Data

* Premium members only.

The historical data trend for SODEP -Marsa Maroc's Gross Margin % 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 Gross Margin % Chart

SODEP -Marsa Maroc Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.98 48.22 37.50 63.38 68.20

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
Gross Margin % 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 5.22 74.29 52.66 76.77 59.91

CAS:MSA vs KEX: Gross Margin % Comparison

For the Marine Shipping subindustry, SODEP -Marsa Maroc's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, SODEP -Marsa Maroc's Gross Margin % distribution charts can be found below:

* The bar in red indicates where SODEP -Marsa Maroc's Gross Margin % falls into.


CAS:MSA
88GF Score
SODEP -Marsa Maroc SA CAS:MSA
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SODEP -Marsa Maroc Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

SODEP -Marsa Maroc's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=3945.2 / 5784.894
=(Revenue - Cost of Goods Sold) / Revenue
=(5784.894 - 1839.736) / 5784.894
=68.20 %

SODEP -Marsa Maroc's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=1763 / 2942.531
=(Revenue - Cost of Goods Sold) / Revenue
=(2942.531 - 1179.57) / 2942.531
=59.91 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 59.91% mean?
SODEP -Marsa Maroc (CAS:MSA) has a Gross Margin % of 59.91% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on SODEP -Marsa Maroc and its competitors. This is 31% above median its historical median of 45.67. Over the past decade, SODEP -Marsa Maroc's Gross Margin % has ranged from 28.57 to 68.20. According to the industry distribution chart, SODEP -Marsa Maroc ranks #55 out of 980 companies in the Transportation industry, placing it in the top 5.6%.
Is SODEP -Marsa Maroc's Gross Margin % too high?
SODEP -Marsa Maroc's current Gross Margin % of 59.91% is 31% above median its 10-year median of 45.67. Over the past 10 years, this metric has ranged from a low of 28.57 to a high of 68.20. The Transportation industry median Gross Margin % is 20.40. SODEP -Marsa Maroc's value of 59.91% is 193.7% above this industry median. Based on the distribution chart, SODEP -Marsa Maroc ranks #55 out of 980 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 Gross Margin % compare to KEX?
According to the Transportation industry distribution chart, SODEP -Marsa Maroc ranks #55 out of 980 companies for Gross Margin %. This places SODEP -Marsa Maroc in the top 6% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.40. SODEP -Marsa Maroc's value of 59.91% is 193.7% above this benchmark. Historically, SODEP -Marsa Maroc's own Gross Margin % has ranged from 28.57 to 68.20 over the past decade. While the company's 10-year median is 45.67 vs. the industry median of 20.40, SODEP -Marsa Maroc has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Transportation company?
The median Gross Margin % among Transportation companies is 20.40, based on 980 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SODEP -Marsa Maroc's current Gross Margin % of 59.91% is 193.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on SODEP -Marsa Maroc and its competitors. For the Transportation industry, the median Gross Margin % is 20.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SODEP -Marsa Maroc's current Gross Margin % is 59.91%, which is 31% above median its own 10-year median of 45.67. 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 MAD873.50 — trading 58.4% above its estimated fair value. The current Gross Margin % is 59.91%, which is 31% above median its 10-year median of 45.67 and 193.7% above the Transportation industry median of 20.40. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For SODEP -Marsa Maroc (CAS:MSA), the current Gross Margin % is 59.91% 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 MAD873.50 is trading 58.4% above its estimated GF Value™ of MAD551.32. GuruFocus considers SODEP -Marsa Maroc to be Significantly Overvalued.

Key valuation signals for CAS:MSA:

  • Gross Margin %: 59.91% (31% above median its 10-year median of 45.67)
  • GF Value™: MAD551.32 vs. price of MAD873.50 (58.4% above fair value)
  • GF Score™: 88/100
  • Industry Position: 193.7% above the Transportation median (#55 of 980)

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

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

MAD873.50
Price
MAD551.32
GF Value