Financials Hightech Payment Systems S.A.

Equities

HPS

MA0000012619

Software

End-of-day quote Casablanca S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
560 MAD -0.36% Intraday chart for Hightech Payment Systems S.A. -2.44% -9.97%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1,818 2,638 4,566 4,770 4,573 4,147 4,147 -
Enterprise Value (EV) 1 1,767 2,617 4,455 4,576 4,485 4,607 4,041 3,824
P/E ratio 19.7 x 28.1 x 54.1 x 48.4 x 39.1 x 46.1 x 24.6 x 20.7 x
Yield 1.93% 1.33% 0.77% 0.81% 0.92% 1.21% 1.34% 1.64%
Capitalization / Revenue 2.74 x 3.67 x 6.27 x 5.77 x 4.54 x 3.87 x 3.23 x 2.86 x
EV / Revenue 2.67 x 3.64 x 6.11 x 5.54 x 4.45 x 3.87 x 3.15 x 2.64 x
EV / EBITDA 13.9 x 15.5 x 27.8 x 24.3 x 21.6 x 18.7 x 14.4 x 11.6 x
EV / FCF 24.6 x 142 x 41.1 x 27 x 970 x 479 x 65.5 x 41.6 x
FCF Yield 4.07% 0.7% 2.43% 3.7% 0.1% 0.21% 1.53% 2.4%
Price to Book 5.1 x - 9.24 x 8.57 x - 5.96 x 5.19 x 4.47 x
Nbr of stocks (in thousands) 7,036 7,036 7,036 7,036 7,036 7,406 7,406 -
Reference price 2 258.4 375.0 649.0 678.0 650.0 560.0 560.0 560.0
Announcement Date 3/21/19 3/18/20 3/19/21 2/28/22 3/25/23 3/25/24 - -
1MAD in Million2MAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 662.5 719.6 728.5 826.2 1,007 1,191 1,283 1,448
EBITDA 1 126.7 168.3 160.2 188.7 207.6 246.6 280.7 328.7
EBIT 1 110.9 126.9 120.5 144.4 163.5 196.4 222 277.3
Operating Margin 16.74% 17.64% 16.54% 17.48% 16.23% 16.48% 17.3% 19.15%
Earnings before Tax (EBT) 1 - 116 95.55 131.6 - 155.6 228 286.5
Net income 1 92.23 93.8 84.4 98.85 117.1 99.93 150 192
Net margin 13.92% 13.03% 11.59% 11.96% 11.63% 8.39% 11.69% 13.26%
EPS 2 13.11 13.33 11.99 14.00 16.64 13.50 22.77 27.10
Free Cash Flow 1 71.88 18.44 108.3 169.5 4.625 8.3 61.7 91.95
FCF margin 10.85% 2.56% 14.87% 20.52% 0.46% 0.74% 4.81% 6.35%
FCF Conversion (EBITDA) 56.72% 10.95% 67.6% 89.86% 2.23% 3.7% 21.98% 27.97%
FCF Conversion (Net income) 77.93% 19.66% 128.32% 171.51% 3.95% 6.48% 41.13% 47.88%
Dividend per Share 2 5.000 5.000 5.000 5.500 6.000 6.760 7.500 9.170
Announcement Date 3/21/19 3/18/20 3/19/21 2/28/22 3/25/23 3/25/24 - -
1MAD in Million2MAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 S1 2023 S2
Net sales - -
EBITDA 1 - 132.6
EBIT 1 - 102.9
Operating Margin - -
Earnings before Tax (EBT) 1 68.68 86.9
Net income 1 45.53 54.41
Net margin - -
EPS - -
Dividend per Share - -
Announcement Date 9/25/23 3/25/24
1MAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - - -
Net Cash position 1 51.1 21.5 112 194 88.4 168 106 323
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 71.9 18.4 108 170 4.62 8.3 61.7 92
ROE (net income / shareholders' equity) 28.4% 24.4% 18.6% 18.8% 19.4% 17.3% 19.5% 20.3%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 50.70 - 70.30 79.10 - 94.00 108.0 125.0
Cash Flow per Share - - - - - - - -
Capex 1 11.7 30.4 17.9 12.3 14.5 22.1 24.5 31.8
Capex / Sales 1.77% 4.23% 2.45% 1.49% 1.44% 1.96% 1.91% 2.19%
Announcement Date 3/21/19 3/18/20 3/19/21 2/28/22 3/25/23 3/25/24 - -
1MAD in Million2MAD
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
560 MAD
Average target price
730.5 MAD
Spread / Average Target
+30.45%
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. HPS Stock
  4. Financials Hightech Payment Systems S.A.