Societe Metallurgique d'Imiter S.A. engages in the mining of silver deposits in Morocco.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.م1,767.00|
|52 Week High||د.م1,533.00|
|52 Week Low||د.م2,430.00|
|1 Month Change||1.20%|
|3 Month Change||-8.68%|
|1 Year Change||-22.47%|
|3 Year Change||17.88%|
|5 Year Change||-36.78%|
|Change since IPO||346.21%|
Recent News & Updates
|SMI||MA Metals and Mining||MA Market|
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.
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
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
|SMI fundamental statistics|
Is SMI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SMI income statement (TTM)|
|Cost of Revenue||د.م329.25m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-24.39|
|Net Profit Margin||-4.54%|
How did SMI perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Is Societe Metallurgique d'Imiter undervalued compared to its fair value and its price relative to the market?
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).
How is Societe Metallurgique d'Imiter forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Societe Metallurgique d'Imiter performed over the past 5 years?
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.
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.
What is Societe Metallurgique d'Imiter current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Imad Toumi (57 yo)
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...
Experienced Management: SMI's management team is considered experienced (3.3 years average tenure).
Experienced Board: SMI's board of directors are considered experienced (3.9 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Societe Metallurgique d'Imiter S.A.'s employee growth, exchange listings and data sources
- 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
- Societe Metallurgique d'Imiter S.A.
- Twin Center
- Tour A
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 16:30|
|End of Day Share Price||2021/10/15 00:00|
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.