CIMENTS DU MAROC SOCIÉTÉ ANONYME |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,748 MAD | 0.00% |
|
-0.11% | +4.05% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 23,964 | 24,238 | 27,428 | 18,478 | 24,252 | 25,234 | - |
| Enterprise Value (EV) 1 | 23,964 | 22,614 | 25,922 | 18,214 | 24,252 | 24,635 | 25,234 |
| P/E ratio | - | 34.3 x | 22.9 x | 20.3 x | 25.1 x | 25.2 x | - |
| Yield | 5.12% | 5.36% | 5% | 4.69% | - | 4% | 4.58% |
| Capitalization / Revenue | 5.99 x | 6.55 x | 6.62 x | 4.54 x | 5.6 x | 5.34 x | 4.69 x |
| EV / Revenue | 5.99 x | 6.11 x | 6.25 x | 4.48 x | 5.6 x | 5.21 x | 4.69 x |
| EV / EBITDA | 12.3 x | 16.8 x | 14.2 x | 11.2 x | 14.2 x | 12.7 x | - |
| EV / FCF | - | 18.8 x | 19.8 x | 132 x | - | 21.4 x | - |
| FCF Yield | - | 5.33% | 5.04% | 0.76% | - | 4.68% | - |
| Price to Book | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 14,436 | 14,436 | 14,436 | 14,436 | 14,436 | 14,436 | - |
| Reference price 2 | 1,660 | 1,679 | 1,900 | 1,280 | 1,680 | 1,748 | 1,748 |
| Announcement Date | 3/20/20 | 4/26/21 | 4/29/22 | 4/28/23 | 4/26/24 | - | - |
1MAD in Million2MAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,998 | 3,702 | 4,146 | 4,068 | 4,333 | 4,729 | 5,380 |
| EBITDA 1 | 1,945 | 1,349 | 1,830 | 1,620 | 1,707 | 1,935 | - |
| EBIT 1 | 1,481 | 1,349 | 1,620 | 1,327 | 1,428 | 1,575 | - |
| Operating Margin | 37.04% | 36.45% | 39.06% | 32.62% | 32.96% | 33.31% | - |
| Earnings before Tax (EBT) | - | - | 1,682 | - | - | - | - |
| Net income 1 | 1,081 | 709.1 | 1,197 | 905.1 | 970.2 | 1,001 | 1,170 |
| Net margin | 27.04% | 19.16% | 28.87% | 22.25% | 22.39% | 21.17% | 21.75% |
| EPS 2 | - | 49.00 | 83.00 | 63.00 | 67.00 | 69.30 | - |
| Free Cash Flow 1 | - | 1,206 | 1,307 | 138.4 | - | 1,152 | - |
| FCF margin | - | 32.58% | 31.52% | 3.4% | - | 24.36% | - |
| FCF Conversion (EBITDA) | - | 89.39% | 71.41% | 8.54% | - | 59.53% | - |
| FCF Conversion (Net income) | - | 170.08% | 109.18% | 15.29% | - | 115.08% | - |
| Dividend per Share 2 | 85.00 | 90.00 | 95.00 | 60.00 | - | 70.00 | 80.00 |
| Announcement Date | 3/20/20 | 4/26/21 | 4/29/22 | 4/28/23 | 4/26/24 | - | - |
1MAD in Million2MAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 1,624 | 1,507 | 264 | - | 599 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 1,206 | 1,307 | 138 | - | 1,152 | - |
| ROE (net income / shareholders' equity) | 22% | 16.1% | 30.6% | 25.5% | - | 29.3% | 32.8% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | 102 | 271 | 347 | - | 236 | - |
| Capex / Sales | - | 2.76% | 6.54% | 8.54% | - | 4.99% | - |
| Announcement Date | 3/20/20 | 4/26/21 | 4/29/22 | 4/28/23 | 4/26/24 | - | - |
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
B-
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
1,748
MAD
Average target price
1,340
MAD
Spread / Average Target
-23.34%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +4.05% | 2.49B | |
| +19.81% | 48.58B | |
| -2.89% | 15.52B | |
| -1.00% | 15.46B | |
| -15.75% | 10.44B | |
| +26.55% | 8.84B | |
| +105.28% | 8.27B | |
| -0.30% | 7.96B | |
| -8.75% | 7.34B | |
| +23.60% | 6.73B |
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