3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
SMI - Ste Metallurgique d'Imiter's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 98.37%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
SMI - Ste Metallurgique d'Imiter 3-Year ROIIC % Related Terms
SMI - Ste Metallurgique d'Imiter 3-Year ROIIC % Historical Data
* 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.
For the Other Industrial Metals & Mining subindustry, SMI - Ste Metallurgique d'Imiter's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.
SMI - Ste Metallurgique d'Imiter 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, SMI - Ste Metallurgique d'Imiter's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where SMI - Ste Metallurgique d'Imiter's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 390.72136 (Dec. 2025) - -4.828761 (Dec. 2022) )
/
( 1745.758 (Dec. 2025) - 1343.656 (Dec. 2022) )
=
395.550121
/
402.102
=
98.37%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
SMI - Ste Metallurgique d'Imiter (CAS:SMI) has a 3-Year ROIIC % of 98.37 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on SMI - Ste Metallurgique d'Imiter and its competitors. According to the industry distribution chart, SMI - Ste Metallurgique d'Imiter ranks #275 out of 2300 companies in the Metals & Mining industry, placing it in the top 12%.
Is SMI - Ste Metallurgique d'Imiter's 3-Year ROIIC % too high?
SMI - Ste Metallurgique d'Imiter's current 3-Year ROIIC % is 98.37. Based on the distribution chart, SMI - Ste Metallurgique d'Imiter ranks #275 out of 2300 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, SMI - Ste Metallurgique d'Imiter has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMI - Ste Metallurgique d'Imiter's 3-Year ROIIC % compare to competitors?
According to the Metals & Mining industry distribution chart, SMI - Ste Metallurgique d'Imiter ranks #275 out of 2300 companies for 3-Year ROIIC %. This places SMI - Ste Metallurgique d'Imiter in the top 12% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Metals & Mining company?
A good 3-Year ROIIC % depends on the Metals & Mining industry context. However, 3-Year ROIIC % 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on SMI - Ste Metallurgique d'Imiter and its competitors. SMI - Ste Metallurgique d'Imiter's current 3-Year ROIIC % is 98.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMI - Ste Metallurgique d'Imiter stock overvalued right now?
Based on GuruFocus' analysis, SMI - Ste Metallurgique d'Imiter (CAS:SMI) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD3,437.94, compared to a current price of MAD6,265.00 — trading 82.2% above its estimated fair value. The current 3-Year ROIIC % is 98.37. SMI - Ste Metallurgique d'Imiter's overall GF Score™ is 69/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For SMI - Ste Metallurgique d'Imiter (CAS:SMI), the current 3-Year ROIIC % is 98.37 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 SMI - Ste Metallurgique d'Imiter (CAS:SMI) Overvalued in 2026?
Based on GuruFocus' analysis, SMI - Ste Metallurgique d'Imiter stock appears to be overvalued.
The current stock price of MAD6,265.00 is trading 82.2% above its estimated GF Value™ of MAD3,437.94.
GuruFocus considers SMI - Ste Metallurgique d'Imiter to be Significantly Overvalued.
Key valuation signals for CAS:SMI:
3-Year ROIIC %: 98.37
GF Value™: MAD3,437.94 vs. price of MAD6,265.00 (82.2% above fair value)
No single metric tells the full story. See the CAS:SMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SMI - Ste Metallurgique d'Imiter Business Description
SMI - Ste Metallurgique d'Imiter is a Morocco-based company engaged in the mining industry. The company's product portfolio consists of precious metals such as Silver and Gold, Copper, Zinc, Cobalt cathode, Arsenic, Nickel and many more. Its Morocco project consists of Bouskour and Tizert. The Bouskour project is located approximately 80 kilometers southeast of the city of Ouarzazate. Its Tizert project is situated approximately 80 kilometers east of the city of Agadir in the province of Taroudant. The company's Africa project comprises of Gold projects, Tri-K projects, Pumpi project, and Assosa and Budur projects.
69GF Score
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