Societe des Boissons du Maroc (CAS:SBM) ROE %: 35.30% (As of Dec. 2025) — 53% Above Median


CAS:SBM Societe des Boissons du Maroc CAS:SBM
84 GF Score
Price MAD2,198.00
GF Value MAD2,566.93
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Societe des Boissons du Maroc ROE %?

Societe des Boissons du Maroc CAS:SBM 84 ROE % is 35.30% as of Dec. 2025, which is 53% above its 10-year median of 23.05. 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 207 Beverages - Alcoholic companies, Societe des Boissons du Maroc ranks better than 90.82% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Societe des Boissons du Maroc's annualized net income for the quarter that ended in Dec. 2025 was MAD512 Mil. Societe des Boissons du Maroc's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was MAD1,450 Mil. Therefore, Societe des Boissons du Maroc's annualized ROE % for the quarter that ended in Dec. 2025 was 35.30%.

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

CAS:SBM' s ROE % Range Over the Past 10 Years
Min: 13.16   Med: 23.05   Max: 38.75
Current: 23.31

During the past 13 years, Societe des Boissons du Maroc's highest ROE % was 38.75%. The lowest was 13.16%. And the median was 23.05%.

CAS:SBM's ROE % is ranked better than
90.82% of 207 companies
in the Beverages - Alcoholic industry
Industry Median: 5.74 vs CAS:SBM: 23.31

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

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=512.03/1450.353
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(512.03 / 3798.216)*(3798.216 / 2379.777)*(2379.777 / 1450.353)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.48 %*1.596*1.6408
=ROA %*Equity Multiplier
=21.51 %*1.6408
=35.30 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=512.03/1450.353
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (512.03 / 783.36) * (783.36 / 773.12) * (773.12 / 3798.216) * (3798.216 / 2379.777) * (2379.777 / 1450.353)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6536 * 1.0132 * 20.35 % * 1.596 * 1.6408
=35.30 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Societe des Boissons du Maroc ROE % Related Terms


Societe des Boissons du Maroc ROE % Historical Data

* Premium members only.

The historical data trend for Societe des Boissons du Maroc's ROE % 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 ROE % Chart

Societe des Boissons du Maroc Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.05 26.69 38.75 13.16 22.18

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
ROE % 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 70.32 9.55 19.42 12.30 35.30

CAS:SBM vs BF.B: ROE % Comparison

For the Beverages - Wineries & Distilleries subindustry, Societe des Boissons du Maroc's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Beverages - Alcoholic Industry

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

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


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

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

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=343.357/( (1517.974+1578.358)/ 2 )
=343.357/1548.166
=22.18 %

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

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=512.03/( (1322.348+1578.358)/ 2 )
=512.03/1450.353
=35.30 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 35.30% mean?
Societe des Boissons du Maroc (CAS:SBM) has a ROE % of 35.30% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Societe des Boissons du Maroc and its competitors. This is 53% above median its historical median of 23.05. Over the past decade, Societe des Boissons du Maroc's ROE % has ranged from 13.16 to 38.75. According to the industry distribution chart, Societe des Boissons du Maroc ranks #19 out of 207 companies in the Beverages - Alcoholic industry, placing it in the top 9.2%.
Is Societe des Boissons du Maroc's ROE % too high?
Societe des Boissons du Maroc's current ROE % of 35.30% is 53% above median its 10-year median of 23.05. Over the past 10 years, this metric has ranged from a low of 13.16 to a high of 38.75. The Beverages - Alcoholic industry median ROE % is 5.74. Societe des Boissons du Maroc's value of 35.30% is 515% above this industry median. Based on the distribution chart, Societe des Boissons du Maroc ranks #19 out of 207 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 ROE % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Societe des Boissons du Maroc ranks #19 out of 207 companies for ROE %. This places Societe des Boissons du Maroc in the top 9% of its industry — outperforming the majority of peers. The industry median ROE % is 5.74. Societe des Boissons du Maroc's value of 35.30% is 515% above this benchmark. Historically, Societe des Boissons du Maroc's own ROE % has ranged from 13.16 to 38.75 over the past decade. While the company's 10-year median is 23.05 vs. the industry median of 5.74, 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 ROE % for a Beverages - Alcoholic company?
The median ROE % among Beverages - Alcoholic companies is 5.74, based on 207 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Societe des Boissons du Maroc's current ROE % of 35.30% is 515% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Societe des Boissons du Maroc and its competitors. For the Beverages - Alcoholic industry, the median ROE % is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Societe des Boissons du Maroc's current ROE % is 35.30%, which is 53% above median its own 10-year median of 23.05. 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 MAD2,198.00 — trading 14.4% below its estimated fair value. The current ROE % is 35.30%, which is 53% above median its 10-year median of 23.05 and 515% above the Beverages - Alcoholic industry median of 5.74. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Societe des Boissons du Maroc (CAS:SBM), the current ROE % is 35.30% 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 MAD2,198.00 is trading 14.4% 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:

  • ROE %: 35.30% (53% above median its 10-year median of 23.05)
  • GF Value™: MAD2,566.93 vs. price of MAD2,198.00 (14.4% below fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 515% above the Beverages - Alcoholic median (#19 of 207)

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

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

MAD2,198.00
Price
MAD2,566.93
GF Value