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SMI

Societe Metallurgique d'ImiterCBSE:SMI Stock Report

Market Cap

د.م2.9b

7D

1.8%

1Y

-22.5%

Updated

17 Oct, 2021

Data

Company Financials
SMI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends1/6

SMI Overview

Societe Metallurgique d'Imiter S.A. engages in the mining of silver deposits in Morocco.

Price History & Performance

Summary of all time highs, changes and price drops for Societe Metallurgique d'Imiter
Historical stock prices
Current Share Priceد.م1,767.00
52 Week Highد.م1,533.00
52 Week Lowد.م2,430.00
Beta0.26
1 Month Change1.20%
3 Month Change-8.68%
1 Year Change-22.47%
3 Year Change17.88%
5 Year Change-36.78%
Change since IPO346.21%

Recent News & Updates

Shareholder Returns

SMIMA Metals and MiningMA Market
7D1.8%0.8%1.0%
1Y-22.5%37.9%26.4%

Return vs Industry: SMI underperformed the MA Metals and Mining industry which returned 37.9% over the past year.

Return vs Market: SMI underperformed the MA Market which returned 26.4% over the past year.

Price Volatility

Is SMI's price volatile compared to industry and market?
SMI volatility
SMI Beta0.26
Industry Beta1.16
Market Beta1

Stable Share Price: SMI is not significantly more volatile than the rest of MA stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SMI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1960700Imad Toumihttps://www.managemgroup.com/en/imiter-mine

Societe Metallurgique d'Imiter S.A. engages in the mining of silver deposits in Morocco. It holds interest in the Imiter mine, which covers an area of 375 ha, located 150 km east of Ouarzazate in Morocco. The company was founded in 1969 and is headquartered in Casablanca, Morocco.

Societe Metallurgique d'Imiter Fundamentals Summary

How do Societe Metallurgique d'Imiter's earnings and revenue compare to its market cap?
SMI fundamental statistics
Market Capد.م2.91b
Earnings (TTM)-د.م40.12m
Revenue (TTM)د.م884.28m

3.3x

P/S Ratio

-72.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMI income statement (TTM)
Revenueد.م884.28m
Cost of Revenueد.م329.25m
Gross Profitد.م555.03m
Expensesد.م595.15m
Earnings-د.م40.12m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-24.39
Gross Margin62.77%
Net Profit Margin-4.54%
Debt/Equity Ratio8.2%

How did SMI perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

-205%

Payout Ratio

Valuation

Is Societe Metallurgique d'Imiter undervalued compared to its fair value and its price relative to the market?

2.58x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: SMI (MAD1767) is trading above our estimate of fair value (MAD884.65)

Significantly Below Fair Value: SMI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SMI is unprofitable, so we can't compare its PE Ratio to the African Metals and Mining industry average.

PE vs Market: SMI is unprofitable, so we can't compare its PE Ratio to the MA market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SMI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SMI is overvalued based on its PB Ratio (2.6x) compared to the MA Metals and Mining industry average (2.1x).


Future Growth

How is Societe Metallurgique d'Imiter forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-7.0%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Societe Metallurgique d'Imiter has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Societe Metallurgique d'Imiter performed over the past 5 years?

-39.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMI is currently unprofitable.

Growing Profit Margin: SMI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SMI is unprofitable, and losses have increased over the past 5 years at a rate of 39.2% per year.

Accelerating Growth: Unable to compare SMI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SMI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (212.9%).


Return on Equity

High ROE: SMI has a negative Return on Equity (-3.56%), as it is currently unprofitable.


Financial Health

How is Societe Metallurgique d'Imiter's financial position?


Financial Position Analysis

Short Term Liabilities: SMI's short term assets (MAD753.8M) exceed its short term liabilities (MAD325.9M).

Long Term Liabilities: SMI's short term assets (MAD753.8M) exceed its long term liabilities (MAD83.7M).


Debt to Equity History and Analysis

Debt Level: SMI's debt to equity ratio (8.2%) is considered satisfactory.

Reducing Debt: SMI's debt to equity ratio has increased from 0.7% to 8.2% over the past 5 years.

Debt Coverage: SMI's debt is well covered by operating cash flow (409.2%).

Interest Coverage: Insufficient data to determine if SMI's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Societe Metallurgique d'Imiter current dividend yield, its reliability and sustainability?

2.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SMI's dividend (2.83%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: SMI's dividend (2.83%) is low compared to the top 25% of dividend payers in the MA market (4.85%).


Stability and Growth of Payments

Stable Dividend: SMI's dividend payments have been volatile in the past 10 years.

Growing Dividend: SMI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: SMI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Imad Toumi (57 yo)

5.75yrs

Tenure

Mr. Imad Toumi has been Chief Executive Officer and Director of Managem, Société Anonyme (formerly known as Managem S.A.). since January 28, 2016 and has been its Chairman. He serves as the Chairman & CEO...


Leadership Team

Experienced Management: SMI's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: SMI's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Societe Metallurgique d'Imiter S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Societe Metallurgique d'Imiter S.A.
  • Ticker: SMI
  • Exchange: CBSE
  • Founded: 1960
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: د.م2.907b
  • Shares outstanding: 1.65m
  • Website: https://www.managemgroup.com/en/imiter-mine

Number of Employees


Location

  • Societe Metallurgique d'Imiter S.A.
  • Twin Center
  • Tour A
  • Casablanca
  • 5199
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 16:30
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.