S.A. des Bains de Mer et du Cercle des Étrangers à Monaco (BMRMF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 30.15 means the share price is 30.15 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $3.38B is the value of all shares combined. Beta 0.14: the stock has moved about 86% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerS.A. des Bains de Mer et du Cercle des Étrangers à Monaco (BMRMF) trades at $137.93. Market cap: $3.38B, Sector: Consumer cyclical.
Price as of Sep 11, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for BMRMF: BMRMF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates BMRMF against Consumer Cyclical peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
These figures come from statements filed 12 months ago — the most recent this company has published.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
BMRMF: 1/2 scored disciplines lean bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
S.A. des Bains de Mer et du Cercle des Étrangers à Monaco (BMRMF) Consumer Business Overview
S.A. des Bains de Mer et du Cercle des Étrangers à Monaco, established in 1863, is a prominent operator in Monaco's gaming, hospitality, and real estate sectors, managing casinos, hotels, and entertainment venues. With a diversified portfolio and a strong presence in Monaco, BMRMF caters to a high-end clientele.
What Is the Investment Thesis for BMRMF?
S.A. des Bains de Mer et du Cercle des Étrangers à Monaco presents a unique investment opportunity due to its established presence in Monaco's luxury tourism market. The company's diversified revenue streams, spanning gaming, hospitality, and real estate, provide resilience against economic fluctuations. With a profit margin of 14.4% and a gross margin of 69.3%, BMRMF demonstrates strong profitability. A key catalyst is the ongoing development and refurbishment of its properties, which should enhance the customer experience and attract new visitors. However, potential risks include increased competition from other luxury destinations and regulatory changes in the gaming industry. The company's low beta of 0.14 suggests relatively low volatility compared to the overall market.
Based on FMP financials and quantitative analysis
BMRMF Key Highlights
Market capitalization of $3.38B reflects a significant valuation in the gaming and hospitality sector.
- P/E ratio of 30.15 indicates investor expectations for future earnings growth.
- Profit margin of 14.4% demonstrates efficient operations and profitability.
- Gross margin of 69.3% highlights the company's ability to maintain high pricing power in the luxury market.
- Dividend yield of 1.38% provides a steady income stream for investors.
Who Are BMRMF's Competitors?
BMRMF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| BVILF Breville Group Limited | $22.25 | 0.00% | $3.22B | — |
| GEBHF Genting Berhad | $0.50 | 0.00% | $9.63B | — |
| GMALF Genting Malaysia Berhad | $0.49 | 0.00% | $2.79B | — |
| LIMAF Linamar Corporation | $71.34 | -0.20% | $4.22B | — |
| VAC Marriott Vacations Worldwide Corporation | $101.09 | +0.46% | $3.47B | 475-pillar |
| RRR Red Rock Resorts, Inc. | $54.97 | +0.51% | $3.21B | 635-pillar |
| HGV Hilton Grand Vacations Inc. | $39.82 | +1.58% | $3.13B | 725-pillar |
| MTN Vail Resorts, Inc. | $133.33 | +2.30% | $4.75B | 615-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BMRMF's Key Strengths?
Strong brand reputation and heritage.
- Prime location in Monaco.
- Diversified revenue streams.
- Integrated offering of gaming, hospitality, and real estate services.
What Are BMRMF's Weaknesses?
High dependence on the Monaco market.
- Exposure to regulatory risks in the gaming industry.
- Vulnerability to economic fluctuations and tourism trends.
- Limited geographic diversification.
What Could Drive BMRMF Stock Higher?
Renovation and modernization of existing properties to enhance customer experience (Ongoing).
- Expansion of online gaming platforms to reach a wider audience.
- Strategic partnerships with luxury brands to create exclusive experiences.
- Development of new luxury hospitality offerings to attract high-net-worth individuals.
- Focus on sustainability and responsible gaming practices to align with evolving social and environmental standards.
What Are the Key Risks for BMRMF?
Increased competition from other luxury destinations.
- Changes in consumer preferences and gaming habits.
- Economic downturns and reduced tourism spending.
- Geopolitical instability and security concerns.
- Regulatory risks in the gaming industry.
What Are the Growth Opportunities for BMRMF?
- Expansion of Online Gaming Platforms: SBM can leverage its established brand to expand its online gaming platforms, targeting a global audience. By investing in technology and marketing, SBM can capture a share of this growing market and diversify its revenue streams. This initiative can be implemented within the next 1-2 years.
- Development of New Luxury Hospitality Offerings: SBM can further enhance its luxury hospitality offerings by developing new hotels, restaurants, and entertainment venues. The global luxury travel market is experiencing strong growth, driven by increasing disposable incomes and a desire for unique experiences. By creating innovative and exclusive offerings, SBM can attract high-net-worth individuals and maintain its competitive edge. This can be a continuous process with new offerings every 2-3 years.
- Strategic Partnerships with Luxury Brands: SBM can form strategic partnerships with luxury brands to create exclusive experiences and attract new customers. Collaborations with fashion houses, jewelry brands, and other luxury retailers can enhance SBM's brand image and offer unique value propositions. These partnerships can be established within the next year and can drive revenue growth through cross-promotion and joint marketing efforts.
- Renovation and Modernization of Existing Properties: SBM can invest in the renovation and modernization of its existing properties to enhance the customer experience and attract a new generation of visitors. Upgrading facilities, incorporating new technologies, and creating more immersive environments can improve customer satisfaction and drive repeat business. This is an ongoing process that can be implemented over the next 3-5 years.
- Expansion into New Geographic Markets: While primarily focused on Monaco, SBM could explore opportunities to expand into new geographic markets through strategic acquisitions or partnerships. Identifying regions with strong growth potential in the luxury tourism sector can diversify SBM's revenue streams and reduce its reliance on the Monaco market. This expansion could be considered in the next 5-7 years, following careful market analysis and due diligence.
What Are BMRMF's Competitive Advantages?
- Strong brand reputation and heritage associated with the Casino de Monte-Carlo and other iconic properties.
- Prime location in Monaco, a renowned destination for luxury tourism.
- Diversified revenue streams across gaming, hospitality, and real estate.
- Integrated offering of gaming, hospitality, and real estate services, creating synergies and cross-selling opportunities.
What Does BMRMF Do?
Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco, also known as SBM, has been a cornerstone of Monaco's economy and social life since its establishment in 1863. Founded to develop and manage the principality's tourism and entertainment offerings, SBM has evolved into a diversified group operating across gaming, hotels, and real estate. The company's flagship asset is the Casino de Monte-Carlo, a world-renowned gaming destination that attracts high-net-worth individuals and tourists from around the globe. SBM also owns and operates several luxury hotels, including the Hôtel de Paris Monte-Carlo and the Hôtel Hermitage Monte-Carlo, offering upscale accommodations and dining experiences. In addition to its gaming and hospitality businesses, SBM is involved in the rental of commercial spaces, luxury houses, and residential properties in Monaco. The company's portfolio includes restaurants, lounge bars, nightclubs, wellness and leisure facilities, show and concert halls, and shopping centers. SBM's catering and bar services further complement its diverse range of offerings. With a rich history and a strong brand reputation, SBM continues to play a vital role in Monaco's tourism industry and economy.
What Products and Services Does BMRMF Offer?
- Operates casinos in Monaco, including the renowned Casino de Monte-Carlo.
- Manages luxury hotels such as Hôtel de Paris Monte-Carlo and Hôtel Hermitage Monte-Carlo.
- Provides a range of dining experiences through its restaurants and bars.
- Offers entertainment options, including lounge bars, nightclubs, and concert halls.
- Maintains wellness and leisure facilities for guests.
- Rents commercial spaces, luxury houses, and residential properties.
- Provides catering and bar services for events and functions.
How Does BMRMF Make Money?
- Generates revenue from gaming activities at its casinos.
- Earns income from hotel room bookings, food and beverage sales, and other hospitality services.
- Receives rental income from its portfolio of commercial and residential properties.
- Provides catering and bar services for events and functions, generating additional revenue.
What Industry Does BMRMF Operate In?
S.A. des Bains de Mer et du Cercle des Étrangers à Monaco operates within the global gambling, resorts, and casinos industry, which is characterized by intense competition and evolving consumer preferences. The industry is influenced by macroeconomic factors, tourism trends, and regulatory environments. Key players in the industry include companies like BVILF (BetVictor), GEBHF (Groupe Partouche), GEBHY (Groupe Partouche ADR), GMALF (Gauselmann AG), and LIMAF (Lottomatica). BMRMF differentiates itself through its exclusive location in Monaco and its integrated offering of gaming, hospitality, and real estate services.
Who Are BMRMF's Key Customers?
- High-net-worth individuals seeking luxury gaming and hospitality experiences.
- Tourists visiting Monaco for leisure and entertainment.
- Businesses and organizations hosting events and conferences.
- Residents of Monaco seeking luxury accommodations and commercial spaces.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● Reported in EUR, converted to USD
MoonshotScore History
Recorded daily since 2026-08-23 · 20 snapshots
| 2026-08-23 | 56 |
| 2026-08-27 | 56 |
| 2026-08-31 | 56 |
| 2026-09-04 | 56 |
| 2026-09-08 | 56 |
| 2026-09-11 | 56 |
What changed?
The score has stayed at 56.
Over the same 19 days the stock moved +0.0%.
Company Profile
S.A. des Bains de Mer et du Cercle des Étrangers à Monaco operates in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector. It is headquartered in Monaco, MC. The company is led by CEO Stéphane Valeri. BMRMF has traded publicly since 2009.
S.A. des Bains de Mer et du Cercle des Étrangers à Monaco Financial Trajectory
S.A. des Bains de Mer et du Cercle des Étrangers à Monaco (BMRMF) reported $371.7M in revenue for Mar 2026, a decline of 41.1% compared to the prior quarter. The company recorded a net loss of $16.1M, with diluted EPS of $-0.66. Quarter-over-quarter revenue has been mixed, typical for a mid-cap company operating in Consumer Cyclical. Across the four most recent quarters, BMRMF averaged $2.64 in diluted EPS.
How S.A. des Bains de Mer et du Cercle des Étrangers à Monaco Is Valued
S.A. des Bains de Mer et du Cercle des Étrangers à Monaco carries a market capitalization of $3.38B, placing it in the mid-cap category.
Key Financial Metrics
Return on equity for S.A. des Bains de Mer et du Cercle des Étrangers à Monaco stands at 7.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 5.1%, showing how much profit it generates from its asset base. BMRMF trades at a trailing price-to-earnings ratio of 30.15, roughly in line with the Consumer Cyclical sector average of ~32.70x. Its free cash flow yield is 0.7%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.28 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 3.5%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
S.A. des Bains de Mer et du Cercle des Étrangers à Monaco's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 3.30 places it in the safe zone, indicating low near-term bankruptcy risk.
BMRMF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2026
Bull Case vs Bear Case
Bull Case
- Strong brand reputation and heritage.
- Prime location in Monaco.
- Diversified revenue streams.
- Integrated offering of gaming, hospitality, and real estate services.
Bear Case
- High dependence on the Monaco market.
- Exposure to regulatory risks in the gaming industry.
- Vulnerability to economic fluctuations and tourism trends.
- Limited geographic diversification.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Mar 2026 | $372M | -$16M | -$0.66 |
| Sep 2025 | $631M | $148M | $6.02 |
| Mar 2025 | $317M | -$11M | -$0.45 |
| Sep 2024 | $574M | $139M | $5.66 |
Based on FMP financials and quantitative analysis · Converted to USD from EUR at today's rate
BMRMF Latest News
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Stocks That Hit 52-Week Highs On Wednesday
· Feb 12, 2020
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Stocks That Hit 52-Week Highs On Wednesday
· Feb 5, 2020
BMRMF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for BMRMF.
Price Targets
Wall Street price target analysis for BMRMF.
BMRMF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for BMRMF; grades run from A+ (80-100) to F (below 30).
Leadership: Stephane Valeri
CEO
Stephane Valeri has a long and distinguished career in Monegasque politics and administration. Before joining SBM, he served as the President of the National Council, Monaco's parliament, for several years. His extensive experience in public service and his deep understanding of the Monegasque economy and society make him well-suited to lead SBM. Valeri's background includes a strong focus on tourism and economic development, aligning with SBM's core business objectives.
Track Record: Since becoming CEO, Stephane Valeri has focused on enhancing SBM's brand reputation and expanding its offerings. Key initiatives include the renovation of the Hôtel de Paris Monte-Carlo and the development of new entertainment venues. Valeri has also emphasized sustainability and responsible gaming practices, aligning SBM with evolving social and environmental standards. His leadership has been marked by a commitment to innovation and customer satisfaction.
BMRMF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that S.A. des Bains de Mer et du Cercle des Étrangers à Monaco (BMRMF) may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB, or major exchanges like NYSE or NASDAQ. Companies on this tier may have limited or no financial disclosure, making it difficult for investors to assess their financial health and performance. Investing in companies on the OTC Other tier carries significant risks due to the lack of transparency and regulatory oversight compared to listed companies.
- OTC Tier: OTC Other
- Limited financial disclosure increases the risk of investing in BMRMF, as investors have less information to assess the company's financial health and performance.
- Low trading volume and wide bid-ask spreads can make it difficult to buy or sell shares at desired prices.
- Lack of regulatory oversight increases the potential for fraud and manipulation.
- The OTC Other tier is generally considered to be the riskiest segment of the OTC market, with a higher probability of company failure.
- Limited analyst coverage and institutional interest can further reduce liquidity and increase price volatility.
- Verify the company's registration and legal status with relevant authorities.
- Attempt to obtain and review any available financial statements or disclosures, however limited.
- Assess the company's management team and their track record.
- Understand the company's business model and competitive landscape.
- Evaluate the company's financial condition and ability to continue as a going concern.
- Monitor news and information about the company from reputable sources.
- Consult with a financial advisor before making any investment decisions.
- Established history dating back to 1863 suggests a long-standing presence in the industry.
- Operations in Monaco, a well-regulated jurisdiction, may provide some level of assurance.
- Tangible assets, including casinos, hotels, and real estate, provide a degree of intrinsic value.
- Dividend payments, if consistent, can indicate financial stability and a commitment to shareholders.
- Presence of a CEO with a background in Monegasque politics and administration may suggest strong local connections.
Common Questions About BMRMF (Consumer Cyclical)
Is BMRMF a good stock?
Stock Expert AI does not rate BMRMF buy, sell or hold. S.A. des Bains de Mer et du Cercle des Étrangers à Monaco has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What does S.A. des Bains de Mer et du Cercle des Étrangers à Monaco do?
S.A. des Bains de Mer et du Cercle des Étrangers à Monaco (SBM) operates in the gaming, hospitality, and real estate sectors in Monaco.
What do analysts say about BMRMF stock?
As of 2026-03-18, there is no available AI analysis for BMRMF. Due to the OTC Other listing, analyst coverage is likely limited. Investors should conduct their own due diligence and consider the risks associated with investing in OTC stocks. Key valuation metrics include a P/E ratio of 30.15, a profit margin of 14.4%, and a dividend yield of 1.38%.
How does BMRMF's dividend yield compare to its peers in the gambling and casino industry?
S.A. des Bains de Mer et du Cercle des Étrangers à Monaco's dividend yield of 1.38% provides a moderate income stream for investors.
What is S.A. des Bains de Mer et du Cercle des Étrangers à Monaco's geographic revenue mix?
As of 2026-03-18, specific details regarding S.A. des Bains de Mer et du Cercle des Étrangers à Monaco's geographic revenue mix are not available in the provided data.
What are the key factors to evaluate for BMRMF?
Evaluate BMRMF on fundamentals, analyst consensus, and risk factors. P/E: 30.15x vs the S&P 500's ~20-25x. S.A. des Bains de Mer et du Cercle des Étrangers à Monaco presents a unique investment opportunity due to its established presence in Monaco's luxury tourism market. Not financial advice.
How frequently does BMRMF data refresh on this page?
BMRMF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals follow quarterly filings. V2 calculations are scheduled daily at 10:15 UTC; the score's own date shows its last successful run.
What has driven BMRMF's recent stock price performance?
S.A. des Bains de Mer et du Cercle des Étrangers à Monaco (BMRMF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong brand reputation and heritage. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Limited information available for OTC-listed companies.