SMI - Ste Metallurgique d'Imiter (CAS:SMI) Selling, General, & Admin. Expense: MAD0 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
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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.
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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:SMI SMI - Ste Metallurgique d'Imiter CAS:SMI
72 GF Score
Price MAD5,900.00
GF Value MAD3,455.01
Valuation Significantly Overvalued
! 2 Warning Signs
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What is SMI - Ste Metallurgique d'Imiter Selling, General, & Admin. Expense?

SMI - Ste Metallurgique d'Imiter CAS:SMI +0.84% 72 Selling, General, & Admin. Expense is MAD0 Mil as of Dec. 2025. GuruFocus rates CAS:SMI with a GF Score™ of 72/100 and a GF Value™ of MAD3,455.01 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. SMI - Ste Metallurgique d'Imiter's selling, general, & admin. expense for the six months ended in Dec. 2025 was MAD0 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was MAD0 Mil.


SMI - Ste Metallurgique d'Imiter  (CAS:SMI) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


SMI - Ste Metallurgique d'Imiter Selling, General, & Admin. Expense Related Terms


SMI - Ste Metallurgique d'Imiter Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for SMI - Ste Metallurgique d'Imiter's Selling, General, & Admin. Expense 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.

SMI - Ste Metallurgique d'Imiter Selling, General, & Admin. Expense Chart

SMI - Ste Metallurgique d'Imiter Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 6.34 6.63 7.04

SMI - Ste Metallurgique d'Imiter Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Selling, General, & Admin. Expense 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 0.00 0.00 0.00 0.00 0.00

SMI - Ste Metallurgique d'Imiter Selling, General, & Admin. Expense Competitor Comparison

For the Other Industrial Metals & Mining subindustry, SMI - Ste Metallurgique d'Imiter's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, SMI - Ste Metallurgique d'Imiter's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where SMI - Ste Metallurgique d'Imiter's Selling, General, & Admin. Expense falls into.


CAS:SMI
72GF Score
SMI - Ste Metallurgique d'Imiter CAS:SMI
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SMI - Ste Metallurgique d'Imiter Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was MAD0 Mil.

* 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 Selling, General, & Admin. Expense of MAD0 Mil mean?
SMI - Ste Metallurgique d'Imiter (CAS:SMI) has a Selling, General, & Admin. Expense of MAD0 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on SMI - Ste Metallurgique d'Imiter and its competitors.
Is SMI - Ste Metallurgique d'Imiter's Selling, General, & Admin. Expense too high?
SMI - Ste Metallurgique d'Imiter's current Selling, General, & Admin. Expense is MAD0 Mil. Overall, SMI - Ste Metallurgique d'Imiter has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMI - Ste Metallurgique d'Imiter's Selling, General, & Admin. Expense compare to competitors?
SMI - Ste Metallurgique d'Imiter's Selling, General, & Admin. Expense of MAD0 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Metals & Mining company?
A good Selling, General, & Admin. Expense depends on the Metals & Mining industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on SMI - Ste Metallurgique d'Imiter and its competitors. SMI - Ste Metallurgique d'Imiter's current Selling, General, & Admin. Expense is MAD0 Mil. 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 MAD3,455.01, compared to a current price of MAD5,900.00 — trading 70.8% above its estimated fair value. The current Selling, General, & Admin. Expense is MAD0 Mil. SMI - Ste Metallurgique d'Imiter's overall GF Score™ is 72/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For SMI - Ste Metallurgique d'Imiter (CAS:SMI), the current Selling, General, & Admin. Expense is MAD0 Mil 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 MAD5,900.00 is trading 70.8% above its estimated GF Value™ of MAD3,455.01. GuruFocus considers SMI - Ste Metallurgique d'Imiter to be Significantly Overvalued.

Key valuation signals for CAS:SMI:

  • Selling, General, & Admin. Expense: MAD0 Mil
  • GF Value™: MAD3,455.01 vs. price of MAD5,900.00 (70.8% above fair value)
  • GF Score™: 72/100 with 2 warning signs

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

Address Twin Center, Tour A, PO Box 5199, Angle Boulevards Zerktouni et Al Massira Al Khadra, Casablanca, MAR
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.
72GF Score

Get the complete analysis for CAS:SMI

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD5,900.00
Price
MAD3,455.01
GF Value