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Ciments du MarocCAS:CMA +0.60%74 Forward Rate of Return (Yacktman) % is 4.50% as of Dec. 2025, which is 9% above its 10-year median of 4.14. GuruFocus rates CAS:CMA with a GF Score™ of 74/100 and a GF Value™ of MAD2,597.62 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 319 Building Materials companies, Ciments du Maroc ranks worse than 56.43% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Ciments du Maroc's forward rate of return for was 4.50%.
The historical rank and industry rank for Ciments du Maroc's Forward Rate of Return (Yacktman) % or its related term are showing as below:
CAS:CMA'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -1.91 Med: 4.14 Max: 13.5
Current: 4.79
During the past 13 years, Ciments du Maroc's highest Forward Rate of Return was 13.50. The lowest was -1.91. And the median was 4.14.
CAS:CMA's Forward Rate of Return (Yacktman) % is ranked worse than 56.43% of 319
companies
in the Building Materials industry
Industry Median: 7.67
vs CAS:CMA: 4.79
Unlike the Earnings Yield %, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Ciments du Maroc (CAS:CMA) Forward Rate of Return (Yacktman) % Explanation
Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is to make it comparable to the growth rate.
Be Aware
In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.
Ciments du Maroc Forward Rate of Return (Yacktman) % Related Terms
Ciments du Maroc Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Ciments du Maroc's Forward Rate of Return (Yacktman) % 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.
Ciments du Maroc Forward Rate of Return (Yacktman) % Chart
CAS:CMA vs CRH, VMC, MLM: Forward Rate of Return (Yacktman) % Comparison
For the Building Materials subindustry, Ciments du Maroc's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % 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.
Ciments du Maroc Forward Rate of Return (Yacktman) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Ciments du Maroc's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Ciments du Maroc's Forward Rate of Return (Yacktman) % falls into.
Ciments du Maroc Forward Rate of Return (Yacktman) % Calculation
Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. He said in the interview (March 2012, when the S&P 500 was at about 1400):
If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.
The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).
* 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 Forward Rate of Return (Yacktman) % of 4.50% mean?
Ciments du Maroc (CAS:CMA) has a Forward Rate of Return (Yacktman) % of 4.50% as of Dec. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Ciments du Maroc and its competitors. This is near median its historical median of 4.14. According to the industry distribution chart, Ciments du Maroc ranks #180 out of 319 companies in the Building Materials industry, placing it in the top 56.4%.
Is Ciments du Maroc's Forward Rate of Return (Yacktman) % too high?
Ciments du Maroc's current Forward Rate of Return (Yacktman) % of 4.50% is near median its 10-year median of 4.14. The Building Materials industry median Forward Rate of Return (Yacktman) % is 7.67. Ciments du Maroc's value of 4.50% is 41.3% below this industry median. Based on the distribution chart, Ciments du Maroc ranks #180 out of 319 companies in the Building Materials industry, which is below the industry midpoint. Overall, Ciments du Maroc has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ciments du Maroc's Forward Rate of Return (Yacktman) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Ciments du Maroc ranks #180 out of 319 companies for Forward Rate of Return (Yacktman) %. This places Ciments du Maroc in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 7.67. Ciments du Maroc's value of 4.50% is 41.3% below this benchmark. While the company's 10-year median is 4.14 vs. the industry median of 7.67, Ciments du Maroc has consistently been below 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 Forward Rate of Return (Yacktman) % for a Building Materials company?
The median Forward Rate of Return (Yacktman) % among Building Materials companies is 7.67, based on 319 companies in the industry. Companies in the top quartile (top 25%) have a Forward Rate of Return (Yacktman) % significantly above this median, while those in the bottom quartile fall well below. However, Forward Rate of Return (Yacktman) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ciments du Maroc's current Forward Rate of Return (Yacktman) % of 4.50% is 41.3% below 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 Forward Rate of Return (Yacktman) % mean?
A high Forward Rate of Return (Yacktman) % can signal that a stock is expensive relative to its fundamentals. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Ciments du Maroc and its competitors. For the Building Materials industry, the median Forward Rate of Return (Yacktman) % is 7.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ciments du Maroc's current Forward Rate of Return (Yacktman) % is 4.50%, which is near median its own 10-year median of 4.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ciments du Maroc stock overvalued right now?
Based on GuruFocus' analysis, Ciments du Maroc (CAS:CMA) is currently considered Significantly Undervalued. The stock's GF Value™ is MAD2,597.62, compared to a current price of MAD1,680.00 — trading 35.3% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 4.50%, which is near median its 10-year median of 4.14 and 41.3% below the Building Materials industry median of 7.67. Ciments du Maroc's overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Rate of Return (Yacktman) % calculated?
Forward Rate of Return (Yacktman) % is calculated from a company's financial statements. For Ciments du Maroc (CAS:CMA), the current Forward Rate of Return (Yacktman) % is 4.50% 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 Ciments du Maroc (CAS:CMA) Overvalued in 2026?
Based on GuruFocus' analysis, Ciments du Maroc stock appears to be undervalued.
The current stock price of MAD1,680.00 is trading 35.3% below its estimated GF Value™ of MAD2,597.62.
GuruFocus considers Ciments du Maroc to be Significantly Undervalued.
Key valuation signals for CAS:CMA:
Forward Rate of Return (Yacktman) %: 4.50% (near median its 10-year median of 4.14)
GF Value™: MAD2,597.62 vs. price of MAD1,680.00 (35.3% below fair value)
Industry Position: 41.3% below the Building Materials median (#180 of 319)
No single metric tells the full story. See the CAS:CMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.
74GF Score
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