Societe des Boissons du Maroc (CAS:SBM) Operating Margin %: 20.35% (As of Dec. 2025) — Near Median


CAS:SBM Societe des Boissons du Maroc CAS:SBM
84 GF Score
Price MAD2,012.00
GF Value MAD2,566.93
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Societe des Boissons du Maroc Operating Margin %?

Societe des Boissons du Maroc CAS:SBM -8.46% 84 Operating Margin % is 20.35% as of Dec. 2025, which is 3% below its 10-year median of 21.02. GuruFocus rates CAS:SBM with a GF Score™ of 84/100 and a GF Value™ of MAD2,566.93 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 210 Beverages - Alcoholic companies, Societe des Boissons du Maroc ranks better than 79.05% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Societe des Boissons du Maroc's Operating Income for the six months ended in Dec. 2025 was MAD387 Mil. Societe des Boissons du Maroc's Revenue for the six months ended in Dec. 2025 was MAD1,899 Mil. Therefore, Societe des Boissons du Maroc's Operating Margin % for the quarter that ended in Dec. 2025 was 20.35%.

Warning Sign:

Societe des Boissons du Maroc operating margin has been in a 5-year decline. The average rate of decline per year is -4.2%.

The historical rank and industry rank for Societe des Boissons du Maroc's Operating Margin % or its related term are showing as below:

CAS:SBM' s Operating Margin % Range Over the Past 10 Years
Min: 14.46   Med: 21.02   Max: 22.83
Current: 17


CAS:SBM's Operating Margin % is ranked better than
79.05% of 210 companies
in the Beverages - Alcoholic industry
Industry Median: 7.915 vs CAS:SBM: 17.00

Societe des Boissons du Maroc's 5-Year Average Operating Margin % Growth Rate was -4.20% per year.

Societe des Boissons du Maroc's Operating Income for the six months ended in Dec. 2025 was MAD387 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was MAD524 Mil.


Societe des Boissons du Maroc  (CAS:SBM) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Societe des Boissons du Maroc Operating Margin % Related Terms


Societe des Boissons du Maroc Operating Margin % Historical Data

* Premium members only.

The historical data trend for Societe des Boissons du Maroc's Operating 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.

Societe des Boissons du Maroc Operating Margin % Chart

Societe des Boissons du Maroc Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.14 22.40 20.76 14.46 17.00

Societe des Boissons du Maroc Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating 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 24.46 10.65 16.90 11.61 20.35

CAS:SBM vs BF.B: Operating Margin % Comparison

For the Beverages - Wineries & Distilleries subindustry, Societe des Boissons du Maroc's Operating Margin %, along with its competitors' market caps and Operating 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.


Societe des Boissons du Maroc Operating Margin % vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Societe des Boissons du Maroc's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Societe des Boissons du Maroc's Operating Margin % falls into.


CAS:SBM
84GF Score
Societe des Boissons du Maroc CAS:SBM
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Societe des Boissons du Maroc Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Societe des Boissons du Maroc's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=523.745 / 3080.236
=17.00 %

Societe des Boissons du Maroc's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=386.56 / 1899.108
=20.35 %

* 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 Operating Margin % →
What does a Operating Margin % of 20.35% mean?
Societe des Boissons du Maroc (CAS:SBM) has a Operating Margin % of 20.35% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Societe des Boissons du Maroc and its competitors. This is near median its historical median of 21.02. Over the past decade, Societe des Boissons du Maroc's Operating Margin % has ranged from 14.46 to 22.83. According to the industry distribution chart, Societe des Boissons du Maroc ranks #44 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 21%.
Is Societe des Boissons du Maroc's Operating Margin % too high?
Societe des Boissons du Maroc's current Operating Margin % of 20.35% is near median its 10-year median of 21.02. Over the past 10 years, this metric has ranged from a low of 14.46 to a high of 22.83. The Beverages - Alcoholic industry median Operating Margin % is 7.92. Societe des Boissons du Maroc's value of 20.35% is 157.1% above this industry median. Based on the distribution chart, Societe des Boissons du Maroc ranks #44 out of 210 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Societe des Boissons du Maroc has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Societe des Boissons du Maroc's Operating Margin % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Societe des Boissons du Maroc ranks #44 out of 210 companies for Operating Margin %. This places Societe des Boissons du Maroc in the top 21% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 7.92. Societe des Boissons du Maroc's value of 20.35% is 157.1% above this benchmark. Historically, Societe des Boissons du Maroc's own Operating Margin % has ranged from 14.46 to 22.83 over the past decade. While the company's 10-year median is 21.02 vs. the industry median of 7.92, Societe des Boissons du 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 Operating Margin % for a Beverages - Alcoholic company?
The median Operating Margin % among Beverages - Alcoholic companies is 7.92, based on 210 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Societe des Boissons du Maroc's current Operating Margin % of 20.35% is 157.1% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Societe des Boissons du Maroc and its competitors. For the Beverages - Alcoholic industry, the median Operating Margin % is 7.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Societe des Boissons du Maroc's current Operating Margin % is 20.35%, which is near median its own 10-year median of 21.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Societe des Boissons du Maroc stock overvalued right now?
Based on GuruFocus' analysis, Societe des Boissons du Maroc (CAS:SBM) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD2,566.93, compared to a current price of MAD2,012.00 — trading 21.6% below its estimated fair value. The current Operating Margin % is 20.35%, which is near median its 10-year median of 21.02 and 157.1% above the Beverages - Alcoholic industry median of 7.92. Societe des Boissons du Maroc's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Societe des Boissons du Maroc (CAS:SBM), the current Operating Margin % is 20.35% 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 Societe des Boissons du Maroc (CAS:SBM) Overvalued in 2026?

Based on GuruFocus' analysis, Societe des Boissons du Maroc stock appears to be undervalued. The current stock price of MAD2,012.00 is trading 21.6% below its estimated GF Value™ of MAD2,566.93. GuruFocus considers Societe des Boissons du Maroc to be Modestly Undervalued.

Key valuation signals for CAS:SBM:

  • Operating Margin %: 20.35% (near median its 10-year median of 21.02)
  • GF Value™: MAD2,566.93 vs. price of MAD2,012.00 (21.6% below fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 157.1% above the Beverages - Alcoholic median (#44 of 210)

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


Societe des Boissons du Maroc Business Description

Address No. 38 Boulevard Ain Ifrane, Lot Alamia, Sidi Moumen, Casablanca, MAR, 20400
Societe des Boissons du Maroc is a Morocco-based company engaged in the business of manufacturing wine, beer, soft drinks and mineral water.
84GF Score

Get the complete analysis for CAS:SBM

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

MAD2,012.00
Price
MAD2,566.93
GF Value