Societe Multinationale de Bitumes SA
SMBC · Oil, Gas & Consumable Fuels · Ivory Coast
Societe Multinationale de Bitumes SA (SMB) SA is an Ivory Coast-based company engaged in the refining crude oil for the production and marketing of road bitumen and by-products. It operates units that produce heavy crude oil through atmospheric and vacuum distillation. Atmosphere distillation generates petrol, kerosene and atmosphere oil and vacuum distillation generates light and heavy vacuum oil. The Company sells its products in Ivory Coast, as well as Mali, Burkina Faso and Niger. It is listed on the Abidjan Stock Exchange.
- Construction starts / housing permits (leading)
- Commodity input price spreads (coincident)
- Capacity utilization (coincident)
- Trade-flow shifts / import competition (trend)
- Trade tariffs (US-China steel/cement) · exposure: high
- Energy cost / carbon-pricing exposure · exposure: high (cement)
- Supply chain bottlenecks (forestry, paper pulp) · exposure: medium
- EBITDA per ton — core unit economic
- Capacity utilization % — 75-85% healthy
- Net debt / EBITDA — below 3.5x given cyclicality
- ROIC through-cycle — 8-12% acceptable
Detailed financial analysis, valuation snapshot, multi-period history, and AI narrative are pending — generated when this company is included in the next analysis batch. Profile data above is point-in-time as of 2026-04-30.