SANLAM MAROC |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,860 MAD | +9.41% |
|
+9.48% | +43.19% |
| Apr. 01 | Sanlam Maroc Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Sanlam Maroc Reports Earnings Results for the Half Year Ended June 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,607 | 4,076 | 5,348 | 7,657 | - | - |
| Enterprise Value (EV) 1 | 5,399 | 3,561 | 5,348 | 7,086 | 7,010 | 7,657 |
| P/E ratio | 12.6 x | -58.1 x | - | 12.6 x | 12 x | - |
| Yield | 2.94% | 3.64% | - | 4.78% | 5% | 5.05% |
| Capitalization / Revenue | 1.03 x | 0.67 x | 0.86 x | 1.08 x | 1.03 x | 0.99 x |
| EV / Revenue | 1 x | 0.59 x | 0.86 x | 1 x | 0.94 x | 0.99 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 4,117 | 4,117 | 4,117 | 4,117 | - | - |
| Reference price 2 | 1,362 | 990.0 | 1,299 | 1,860 | 1,860 | 1,860 |
| Announcement Date | 3/10/20 | 3/31/23 | 4/1/24 | - | - | - |
1MAD in Million2MAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,422 | - | 6,042 | 6,247 | 7,092 | 7,422 | 7,727 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | 607.7 | - | -204.5 | 722.8 | 812 | 873 | 903 |
| Operating Margin | 11.21% | - | -3.39% | 11.57% | 11.45% | 11.76% | 11.69% |
| Earnings before Tax (EBT) | - | 998.2 | -186 | - | - | - | - |
| Net income 1 | 446.6 | 606.9 | -70.18 | 559.4 | 611 | 638 | 651 |
| Net margin | 8.24% | - | -1.16% | 8.96% | 8.62% | 8.6% | 8.43% |
| EPS 2 | 108.5 | - | -17.05 | - | 148.0 | 155.0 | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | 40.00 | - | 36.00 | - | 89.00 | 93.00 | 94.00 |
| Announcement Date | 3/10/20 | 3/22/22 | 3/31/23 | 4/1/24 | - | - | - |
1MAD in Million2MAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | 209 | - | 515 | - | 571 | 647 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 10% | - | -1.36% | - | 10.9% | 10.9% | 10.6% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - |
| Announcement Date | 3/10/20 | 3/22/22 | 3/31/23 | 4/1/24 | - | - | - |
1MAD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
1
Last Close Price
1,860
MAD
Average target price
1,671
MAD
Spread / Average Target
-10.16%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +43.19% | 755M | |
| +10.06% | 110B | |
| +10.27% | 99.67B | |
| +4.76% | 97.53B | |
| +1.07% | 69.25B | |
| +9.67% | 19.64B | |
| -4.04% | 12.38B | |
| +10.73% | 10.98B | |
| +9.58% | 10.43B | |
| +20.11% | 10B |
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