SMI - Ste Metallurgique d'Imiter (CAS:SMI) Scaled Net Operating Assets: 0.88 (As of Dec. 2025)


CAS:SMI SMI - Ste Metallurgique d'Imiter CAS:SMI
72 GF Score
Price MAD5,950.00
GF Value MAD3,417.45
Valuation Significantly Overvalued
! 2 Warning Signs
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What is SMI - Ste Metallurgique d'Imiter Scaled Net Operating Assets?

SMI - Ste Metallurgique d'Imiter CAS:SMI +0.85% 72 Scaled Net Operating Assets is 0.88 as of Dec. 2025. GuruFocus rates CAS:SMI with a GF Score™ of 72/100 and a GF Value™ of MAD3,417.45 (Significantly Overvalued). 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.

SMI - Ste Metallurgique d'Imiter's operating assets for the quarter that ended in Dec. 2025 was MAD2,113 Mil. SMI - Ste Metallurgique d'Imiter's operating liabilities for the quarter that ended in Dec. 2025 was MAD464 Mil. SMI - Ste Metallurgique d'Imiter's Total Assets for the quarter that ended in Jun. 2025 was MAD1,876 Mil. Therefore, SMI - Ste Metallurgique d'Imiter's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.88.


SMI - Ste Metallurgique d'Imiter Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for SMI - Ste Metallurgique d'Imiter's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

SMI - Ste Metallurgique d'Imiter Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.86 0.86 0.82 0.95

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
Scaled Net Operating Assets 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 0.85 0.82 0.76 0.81 0.88

SMI - Ste Metallurgique d'Imiter Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, SMI - Ste Metallurgique d'Imiter's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, SMI - Ste Metallurgique d'Imiter's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where SMI - Ste Metallurgique d'Imiter's Scaled Net Operating Assets falls into.


CAS:SMI
72GF Score
SMI - Ste Metallurgique d'Imiter CAS:SMI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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SMI - Ste Metallurgique d'Imiter 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.

SMI - Ste Metallurgique d'Imiter'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 )
=(2113.329-463.867)/1743.539
=0.95

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2124.286 - 10.957
=2113.329

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=464.063 - 0.196 - 0
=463.867

SMI - Ste Metallurgique d'Imiter'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 )
=(2113.329-463.867)/1876.339
=0.88

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2124.286 - 10.957
=2113.329

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=464.063 - 0.196 - 0
=463.867

* 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 0.88 mean?
SMI - Ste Metallurgique d'Imiter (CAS:SMI) has a Scaled Net Operating Assets of 0.88 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 SMI - Ste Metallurgique d'Imiter and its competitors.
Is SMI - Ste Metallurgique d'Imiter's Scaled Net Operating Assets too high?
SMI - Ste Metallurgique d'Imiter's current Scaled Net Operating Assets is 0.88. 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 Scaled Net Operating Assets compare to competitors?
SMI - Ste Metallurgique d'Imiter's Scaled Net Operating Assets of 0.88 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 Scaled Net Operating Assets for a Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 SMI - Ste Metallurgique d'Imiter and its competitors. SMI - Ste Metallurgique d'Imiter's current Scaled Net Operating Assets is 0.88. 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 MAD3,417.45, compared to a current price of MAD5,950.00 — trading 74.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.88. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For SMI - Ste Metallurgique d'Imiter (CAS:SMI), the current Scaled Net Operating Assets is 0.88 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 MAD5,950.00 is trading 74.1% above its estimated GF Value™ of MAD3,417.45. GuruFocus considers SMI - Ste Metallurgique d'Imiter to be Significantly Overvalued.

Key valuation signals for CAS:SMI:

  • Scaled Net Operating Assets: 0.88
  • GF Value™: MAD3,417.45 vs. price of MAD5,950.00 (74.1% 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

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

MAD5,950.00
Price
MAD3,417.45
GF Value