SALAFIN (Groupe BMCE) (CAS:SLF) Scaled Net Operating Assets: 0.66 (As of Dec. 2025)


CAS:SLF SALAFIN (Groupe BMCE) CAS:SLF
47 GF Score
Price MAD440.00
GF Value MAD578.38
Valuation Modestly Undervalued
! 2 Warning Signs
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What is SALAFIN (Groupe BMCE) Scaled Net Operating Assets?

SALAFIN (Groupe BMCE) CAS:SLF 47 Scaled Net Operating Assets is 0.66 as of Dec. 2025. GuruFocus rates CAS:SLF with a GF Score™ of 47/100 and a GF Value™ of MAD578.38 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

SALAFIN (Groupe BMCE)'s operating assets for the quarter that ended in Dec. 2025 was MAD3,813.3 Mil. SALAFIN (Groupe BMCE)'s operating liabilities for the quarter that ended in Dec. 2025 was MAD1,362.5 Mil. SALAFIN (Groupe BMCE)'s Total Assets for the quarter that ended in Jun. 2025 was MAD3,731.3 Mil. Therefore, SALAFIN (Groupe BMCE)'s scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.66.

CAS:SLF
47GF Score
SALAFIN (Groupe BMCE) CAS:SLF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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SALAFIN (Groupe BMCE) Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

SALAFIN (Groupe BMCE)'s Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(3813.311-1362.492)/3726.279
=0.66

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3813.381 - 0.07
=3813.311

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2942.548 - 1580.056 - 0
=1362.492

SALAFIN (Groupe BMCE)'s Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(3813.311-1362.492)/3731.321
=0.66

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3813.381 - 0.07
=3813.311

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2942.548 - 1580.056 - 0
=1362.492

* 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 Scaled Net Operating Assets of 0.66 mean?
SALAFIN (Groupe BMCE) (CAS:SLF) has a Scaled Net Operating Assets of 0.66 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on SALAFIN (Groupe BMCE) and its competitors.
Is SALAFIN (Groupe BMCE)'s Scaled Net Operating Assets too high?
SALAFIN (Groupe BMCE)'s current Scaled Net Operating Assets is 0.66. Overall, SALAFIN (Groupe BMCE) has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SALAFIN (Groupe BMCE)'s Scaled Net Operating Assets compare to V and MA?
SALAFIN (Groupe BMCE)'s Scaled Net Operating Assets of 0.66 can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Credit Services company?
A good Scaled Net Operating Assets depends on the Credit Services industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on SALAFIN (Groupe BMCE) and its competitors. SALAFIN (Groupe BMCE)'s current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SALAFIN (Groupe BMCE) stock overvalued right now?
Based on GuruFocus' analysis, SALAFIN (Groupe BMCE) (CAS:SLF) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD578.38, compared to a current price of MAD440.00 — trading 23.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.66. SALAFIN (Groupe BMCE)'s overall GF Score™ is 47/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For SALAFIN (Groupe BMCE) (CAS:SLF), the current Scaled Net Operating Assets is 0.66 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 SALAFIN (Groupe BMCE) (CAS:SLF) Overvalued in 2026?

Based on GuruFocus' analysis, SALAFIN (Groupe BMCE) stock appears to be undervalued. The current stock price of MAD440.00 is trading 23.9% below its estimated GF Value™ of MAD578.38. GuruFocus considers SALAFIN (Groupe BMCE) to be Modestly Undervalued.

Key valuation signals for CAS:SLF:

  • Scaled Net Operating Assets: 0.66
  • GF Value™: MAD578.38 vs. price of MAD440.00 (23.9% below fair value)
  • GF Score™: 47/100 with 2 warning signs

No single metric tells the full story. See the CAS:SLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SALAFIN (Groupe BMCE) Business Description

Address Immeuble Zenith Millenium 8, Sidi Maarouf, Casablanca, MAR
SALAFIN (Groupe BMCE) is a Morocco-based company. It is a finance company. It offers consumer credit services. The company operates through various business segments that are Personal Credit, which include personal loan, and mortgage credit; Auto Financing, which provides car loans; and Revolving Credit.
47GF Score

Get the complete analysis for CAS:SLF

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD440.00
Price
MAD578.38
GF Value