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AFMA's gross profit for the
six
months ended in Dec. 2025 was MAD60.2 Mil. AFMA's gross profit for the trailing twelve months (TTM) ended in Dec. 2025 was MAD151.3 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. AFMA's gross profit for the
six
months ended in Dec. 2025 was MAD60.2 Mil. AFMA's Revenue for the
six
months ended in Dec. 2025 was MAD138.9 Mil. Therefore, AFMA's Gross Margin % for the quarter that ended in Dec. 2025 was 43.32%.
AFMA had a gross margin of 43.32% for the quarter that ended in Dec. 2025 => Durable competitive advantage
During the past 11 years, the highestGross Margin % of AFMA was 54.11%. The lowest was 47.08%. And the median was 50.14%.
Warning Sign:
AFMA SA gross margin has been in long-term decline. The average rate of decline per year is -1.6%.
AFMA (CAS:AFM) Gross Profit 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
AFMA had a gross margin of 43.32% for the quarter that ended in Dec. 2025 => Durable competitive advantage
AFMA Gross Profit Related Terms
AFMA Gross Profit Historical Data
* Premium members only.
The historical data trend for AFMA's Gross Profit 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.
CAS:AFM vs MRSH, AON, AJG: Gross Profit Comparison
For the Insurance Brokers subindustry, AFMA's Gross Profit, along with its competitors' market caps and Gross Profit 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.
AFMA Gross Profit vs Insurance Industry
For the Insurance industry and Financial Services sector, AFMA's Gross Profit distribution charts can be found below:
* The bar in red indicates where AFMA's Gross Profit falls into.
Gross Profit 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 MAD151.3 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
AFMA's Gross Margin % for the quarter that ended in Dec. 2025 is calculated as
* 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.
AFMA (CAS:AFM) has a Gross Profit of MAD151.3 Mil as of Dec. 2025. Gross Profit equals net sales less total cost of goods sold. View historical data on AFMA and its competitors.
Is AFMA's Gross Profit too high?
AFMA's current Gross Profit is MAD151.3 Mil. Overall, AFMA has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AFMA's Gross Profit compare to MRSH and AON?
AFMA's Gross Profit of MAD151.3 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for an Insurance company?
A good Gross Profit depends on the Insurance industry context. However, Gross Profit 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 Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on AFMA and its competitors. AFMA's current Gross Profit is MAD151.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AFMA stock overvalued right now?
Based on GuruFocus' analysis, AFMA (CAS:AFM) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD1,580.93, compared to a current price of MAD1,270.00 — trading 19.7% below its estimated fair value. The current Gross Profit is MAD151.3 Mil. AFMA's overall GF Score™ is 88/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For AFMA (CAS:AFM), the current Gross Profit is MAD151.3 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 AFMA (CAS:AFM) Overvalued in 2026?
Based on GuruFocus' analysis, AFMA stock appears to be undervalued.
The current stock price of MAD1,270.00 is trading 19.7% below its estimated GF Value™ of MAD1,580.93.
GuruFocus considers AFMA to be Modestly Undervalued.
Key valuation signals for CAS:AFM:
Gross Profit: MAD151.3 Mil
GF Value™: MAD1,580.93 vs. price of MAD1,270.00 (19.7% below fair value)
No single metric tells the full story. See the CAS:AFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AFMA SA provides insurance brokerage services in Morocco. It offers insurance products including Damage Insurance, Insurance Operating Losses, Civil Responsibilities, Car insurance, Transport Insurance, Construction-Related Insurance, Insurance of Persons and Credit insurance. It provides insurance services to both individuals and corporate clients.
88GF Score
Get the complete analysis for CAS:AFM
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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