Managem (CAS:MNG) Intrinsic Value: Projected FCF: MAD-18.13 (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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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.
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CAS:MNG Managem SA CAS:MNG
66 GF Score
Price MAD1,610.00
GF Value MAD561.50
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Managem Intrinsic Value: Projected FCF?

Managem CAS:MNG -0.69% 66 Intrinsic Value: Projected FCF is MAD-18.13 as of Sep. 22, 2026. GuruFocus rates CAS:MNG with a GF Score™ of 66/100 and a GF Value™ of MAD561.50 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 657 Metals & Mining companies, Managem ranks worse than 152206.85% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-22), Managem's Intrinsic Value: Projected FCF is MAD-18.13. The stock price of Managem is MAD1610.00. Therefore, Managem's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Managem's Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Managem was 46.00. The lowest was 20.88. And the median was 31.81.

CAS:MNG's Price-to-Projected-FCF is not ranked *
in the Metals & Mining industry.
Industry Median: 2.34
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Managem  (CAS:MNG) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Managem's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=1610.00/-59.278076641835
=

* 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.


Managem Intrinsic Value: Projected FCF Related Terms


Managem Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Managem's Intrinsic Value: Projected FCF 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.

Managem Intrinsic Value: Projected FCF Chart

Managem Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.52 56.32 34.37 -41.99 -52.19

Managem Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Intrinsic Value: Projected FCF 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 19.42 33.69 19.86 -35.11 24.95

Managem Intrinsic Value: Projected FCF Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Managem's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.


Managem Price-to-Projected-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Managem's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Managem's Price-to-Projected-FCF falls into.


CAS:MNG
66GF Score
Managem SA CAS:MNG
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Managem Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Managem's Free Cash Flow(6 year avg) = MAD-1,091.04.

Managem's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*-1091.0428571429+11478.3*0.8)/118.64676
=-59.28

* 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.

What does a Intrinsic Value: Projected FCF of MAD-18.13 mean?
Managem (CAS:MNG) has a Intrinsic Value: Projected FCF of MAD-18.13 as of Sep. 22, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Managem and its competitors. According to the industry distribution chart, Managem ranks #999999 out of 657 companies in the Metals & Mining industry.
Is Managem's Intrinsic Value: Projected FCF too high?
Managem's current Intrinsic Value: Projected FCF is MAD-18.13. Based on the distribution chart, Managem ranks #999999 out of 657 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Managem has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Managem's Intrinsic Value: Projected FCF compare to competitors?
According to the Metals & Mining industry distribution chart, Managem ranks #999999 out of 657 companies for Intrinsic Value: Projected FCF. This places Managem in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 2.34. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Metals & Mining company?
The median Intrinsic Value: Projected FCF among Metals & Mining companies is 2.34, based on 657 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Managem and its competitors. For the Metals & Mining industry, the median Intrinsic Value: Projected FCF is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Managem's current Intrinsic Value: Projected FCF is MAD-18.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Managem stock overvalued right now?
Based on GuruFocus' analysis, Managem (CAS:MNG) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD561.50, compared to a current price of MAD1,610.00 — trading 186.7% above its estimated fair value. The current Intrinsic Value: Projected FCF is MAD-18.13. Managem's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Managem (CAS:MNG), the current Intrinsic Value: Projected FCF is MAD-18.13 as of Sep. 22, 2026. 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 Managem (CAS:MNG) Overvalued in 2026?

Based on GuruFocus' analysis, Managem stock appears to be overvalued. The current stock price of MAD1,610.00 is trading 186.7% above its estimated GF Value™ of MAD561.50. GuruFocus considers Managem to be Significantly Overvalued.

Key valuation signals for CAS:MNG:

  • Intrinsic Value: Projected FCF: MAD-18.13
  • GF Value™: MAD561.50 vs. price of MAD1,610.00 (186.7% above fair value)
  • GF Score™: 66/100 with 2 warning signs

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


Managem Business Description

Address Angle Boulevards Zerktouni et Al Massira Al Khadra, Twin Center, Tour A, Casablanca, MAR, BP 5199
Managem SA operates as an integrated mining group. The business operations include managing a portfolio of properties targeting precious metals such as gold and silver, and base metals which include copper, zinc, lead, cobalt and fluorite.
66GF Score

Get the complete analysis for CAS:MNG

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

MAD1,610.00
Price
MAD561.50
GF Value