Ciments du MarocCAS:CMA +0.12%73 Altman Z-Score is 4.87 as of Jul. 13, 2026, which is 59% below its 10-year median of 11.92. GuruFocus rates CAS:CMA with a GF Score™ of 73/100 and a GF Value™ of MAD2,557.94 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 403 Building Materials companies, Ciments du Maroc ranks better than 83.13% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 4.87 is strong.
Ciments du Maroc has a Altman Z-Score of 4.87, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Ciments du Maroc's Altman Z-Score or its related term are showing as below:
CAS:CMA'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.87 Med: 11.92 Max: 12.95
Current: 4.87
During the past 13 years, Ciments du Maroc's highest Altman Z-Score was 12.95. The lowest was 4.87. And the median was 11.92.
Ciments du Maroc (CAS:CMA) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Ciments du Maroc Altman Z-Score Related Terms
Ciments du Maroc Altman Z-Score Historical Data
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The historical data trend for Ciments du Maroc's Altman Z-Score 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.
CAS:CMA vs CRH, VMC, MLM: Altman Z-Score Comparison
For the Building Materials subindustry, Ciments du Maroc's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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.
Ciments du Maroc Altman Z-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Ciments du Maroc's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Ciments du Maroc's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Ciments du Maroc's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.3074
+
1.4
*
0.1549
+
3.3
*
0.2291
+
0.6
*
4.8576
+
1.0
*
0.6139
=
4.87
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Ciments du Maroc (CAS:CMA) has a Altman Z-Score of 4.87 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ciments du Maroc and its competitors. This is 59% below median its historical median of 11.92. Over the past decade, Ciments du Maroc's Altman Z-Score has ranged from 4.87 to 12.95. According to the industry distribution chart, Ciments du Maroc ranks #68 out of 403 companies in the Building Materials industry, placing it in the top 16.9%.
Is Ciments du Maroc's Altman Z-Score too high?
Ciments du Maroc's current Altman Z-Score of 4.87 is 59% below median its 10-year median of 11.92. Over the past 10 years, this metric has ranged from a low of 4.87 to a high of 12.95. The Building Materials industry median Altman Z-Score is 2.22. Ciments du Maroc's value of 4.87 is 119.4% above this industry median. Based on the distribution chart, Ciments du Maroc ranks #68 out of 403 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Ciments du Maroc has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ciments du Maroc's Altman Z-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Ciments du Maroc ranks #68 out of 403 companies for Altman Z-Score. This places Ciments du Maroc in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.22. Ciments du Maroc's value of 4.87 is 119.4% above this benchmark. Historically, Ciments du Maroc's own Altman Z-Score has ranged from 4.87 to 12.95 over the past decade. While the company's 10-year median is 11.92 vs. the industry median of 2.22, Ciments 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 Altman Z-Score for a Building Materials company?
The median Altman Z-Score among Building Materials companies is 2.22, based on 403 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ciments du Maroc's current Altman Z-Score of 4.87 is 119.4% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ciments du Maroc and its competitors. For the Building Materials industry, the median Altman Z-Score is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ciments du Maroc's current Altman Z-Score is 4.87, which is 59% below median its own 10-year median of 11.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ciments du Maroc stock overvalued right now?
Based on GuruFocus' analysis, Ciments du Maroc (CAS:CMA) is currently considered Significantly Undervalued. The stock's GF Value™ is MAD2,557.94, compared to a current price of MAD1,622.00 — trading 36.6% below its estimated fair value. The current Altman Z-Score is 4.87, which is 59% below median its 10-year median of 11.92 and 119.4% above the Building Materials industry median of 2.22. Ciments du Maroc's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Ciments du Maroc (CAS:CMA), the current Altman Z-Score is 4.87 as of Jul. 13, 2026. 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 Ciments du Maroc (CAS:CMA) Overvalued in 2026?
Based on GuruFocus' analysis, Ciments du Maroc stock appears to be undervalued.
The current stock price of MAD1,622.00 is trading 36.6% below its estimated GF Value™ of MAD2,557.94.
GuruFocus considers Ciments du Maroc to be Significantly Undervalued.
Key valuation signals for CAS:CMA:
Altman Z-Score: 4.87 (59% below median its 10-year median of 11.92)
GF Value™: MAD2,557.94 vs. price of MAD1,622.00 (36.6% below fair value)
Industry Position: 119.4% above the Building Materials median (#68 of 403)
No single metric tells the full story. See the CAS:CMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.
73GF Score
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