SODEP -Marsa Maroc (CAS:MSA) ROC %: 26.79% (As of Dec. 2025)

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 MAD865.00
GF Value MAD551.32
Valuation Significantly Overvalued
View Full Analysis

What is SODEP -Marsa Maroc ROC %?

SODEP -Marsa Maroc CAS:MSA 88 ROC % is 26.79% as of Dec. 2025. GuruFocus rates CAS:MSA with a GF Score™ of 88/100 and a GF Value™ of MAD551.32 (Significantly Overvalued).

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. SODEP -Marsa Maroc's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 26.79%.

As of today (2026-07-14), SODEP -Marsa Maroc's WACC % is 10.31%. SODEP -Marsa Maroc's ROC % is 28.98% (calculated using TTM income statement data). SODEP -Marsa Maroc generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


SODEP -Marsa Maroc  (CAS:MSA) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, SODEP -Marsa Maroc's WACC % is 10.31%. SODEP -Marsa Maroc's ROC % is 28.98% (calculated using TTM income statement data). SODEP -Marsa Maroc generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


SODEP -Marsa Maroc ROC % Related Terms


SODEP -Marsa Maroc ROC % Historical Data

* Premium members only.

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

SODEP -Marsa Maroc Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.54 18.56 21.50 28.14 30.22

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
ROC % 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 21.01 26.67 25.06 30.17 26.79
CAS:MSA
88GF Score
SODEP -Marsa Maroc SA CAS:MSA
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SODEP -Marsa Maroc ROC % Calculation

SODEP -Marsa Maroc's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=2562.326 * ( 1 - 28.57% )/( (5464.152 + 6649.237)/ 2 )
=1830.2694618/6056.6945
=30.22 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8298.683 - 479.827 - ( 2389.679 - max(0, 1157.681 - 3512.385+2389.679))
=5464.152

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9332.718 - 563.557 - ( 2119.924 - max(0, 1390.845 - 3540.053+2119.924))
=6649.237

SODEP -Marsa Maroc's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=2547.146 * ( 1 - 29.1% )/( (6832.821 + 6649.237)/ 2 )
=1805.926514/6741.029
=26.79 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9436.933 - 480.988 - ( 2123.124 - max(0, 2219.175 - 4505.505+2123.124))
=6832.821

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9332.718 - 563.557 - ( 2119.924 - max(0, 1390.845 - 3540.053+2119.924))
=6649.237

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data. The tax rate is limited to between 0% and 100%.

* 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 ROC % →
What does a ROC % of 26.79% mean?
SODEP -Marsa Maroc (CAS:MSA) has a ROC % of 26.79% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on SODEP -Marsa Maroc and its competitors.
Is SODEP -Marsa Maroc's ROC % too high?
SODEP -Marsa Maroc's current ROC % is 26.79%. The Transportation industry median ROC % is 4.74. SODEP -Marsa Maroc's value of 26.79% is 465.2% above this industry median. 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 ROC % compare to KEX?
SODEP -Marsa Maroc's ROC % of 26.79% can be compared against companies in the Transportation industry. The industry median ROC % is 4.74. SODEP -Marsa Maroc's value of 26.79% is 465.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Transportation company?
The median ROC % among Transportation companies is 4.74, based on 989 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SODEP -Marsa Maroc's current ROC % of 26.79% is 465.2% 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on SODEP -Marsa Maroc and its competitors. For the Transportation industry, the median ROC % is 4.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SODEP -Marsa Maroc's current ROC % is 26.79%. 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 MAD865.00 — trading 56.9% above its estimated fair value. The current ROC % is 26.79% and 465.2% above the Transportation industry median of 4.74. 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 ROC % calculated?
ROC % is calculated from a company's financial statements. For SODEP -Marsa Maroc (CAS:MSA), the current ROC % is 26.79% 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 MAD865.00 is trading 56.9% above its estimated GF Value™ of MAD551.32. GuruFocus considers SODEP -Marsa Maroc to be Significantly Overvalued.

Key valuation signals for CAS:MSA:

  • ROC %: 26.79%
  • GF Value™: MAD551.32 vs. price of MAD865.00 (56.9% above fair value)
  • GF Score™: 88/100
  • Industry Position: 465.2% above the Transportation median

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

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

MAD865.00
Price
MAD551.32
GF Value