View ValuationLabel Vie 将来の成長Future 基準チェック /16 Label Vieは収益が増加すると予測されています。主要情報n/a収益成長率n/aEPS成長率Consumer Retailing 収益成長11.6%収益成長率13.7%将来の株主資本利益率19.40%アナリストカバレッジLow最終更新日19 May 2026今後の成長に関する最新情報Price Target Changed • Mar 04Price target increased by 9.2% to د.م5,409Up from د.م4,952, the current price target is an average from 3 analysts. New target price is 35% above last closing price of د.م4,020. Stock is down 7.6% over the past year.Major Estimate Revision • Mar 07Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.م18.4b to د.م17.8b. EPS estimate also fell from د.م254 per share to د.م205 per share. Net income forecast to grow 17% next year vs 21% growth forecast for Consumer Retailing industry in Morocco. Consensus price target broadly unchanged at د.م5,168. Share price was steady at د.م4,276 over the past week.Price Target Changed • Oct 05Price target increased by 9.5% to د.م4,734Up from د.م4,323, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of د.م4,600. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of د.م231 for next year compared to د.م263 last year.Price Target Changed • Jun 08Price target decreased by 15% to د.م4,460Down from د.م5,235, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of د.م4,412. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of د.م214 for next year compared to د.م263 last year.Major Estimate Revision • Oct 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from د.م11.4b to د.م13.2b. EPS estimate unchanged from د.م171 at last update. Consumer Retailing industry in Morocco expected to see average net income growth of 21% next year. Consensus price target up from د.م5,231 to د.م5,339. Share price was steady at د.م4,705 over the past week.Price Target Changed • May 31Price target increased to د.م5,314Up from د.م4,816, the current price target is an average from 3 analysts. New target price is 13% above last closing price of د.م4,700. Stock is up 27% over the past year. The company is forecast to post earnings per share of د.م161 for next year compared to د.م143 last year.すべての更新を表示Recent updatesお知らせ • May 07Retail Holding S.A. agreed to acquire remaining 49.75% stake in Label Vie S.A. (CBSE:LBV) for MAD 6.2 billion.Retail Holding S.A. agreed to acquire remaining 49.75% stake in Label Vie S.A. (CBSE:LBV) for MAD 6.2 billion on May 4, 2026. The consideration consists of common equity of Retail Holding S.A. to be issued for common equity of Label Vie S.A. Upon completion, Retail Holding S.A. will own 100% stake in Label Vie S.A. On this basis, LabelVie S.A. and Retail Holding S.A. have agreed on an exchange ratio of 8 Retail Holding S.A. shares for 11 LabelVie S.A. shares The transaction is subject to approval of offer by acquirer shareholders, Moroccan capital market authority and approval of offer by target shareholders. Board of Retail Holding S.A. and Label Vie S.A. approved the acquisition. The transaction is expected to be completed in beginning of August 2026.お知らせ • May 02Label Vie S.A., Annual General Meeting, Jun 01, 2026Label Vie S.A., Annual General Meeting, Jun 01, 2026.Board Change • Feb 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Dec 25Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Nov 25Label Vie S.A., Annual General Meeting, Dec 23, 2025Label Vie S.A., Annual General Meeting, Dec 23, 2025.Upcoming Dividend • Jul 14Upcoming dividend of د.م111 per shareEligible shareholders must have bought the stock before 21 July 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Moroccan dividend payers (4.1%). In line with average of industry peers (2.5%).お知らせ • Jul 08Label Vie S.A. announces Annual dividend, payable on July 31, 2025Label Vie S.A. announced Annual dividend of MAD 110.5700 per share payable on July 31, 2025, ex-date on July 21, 2025 and record date on July 18, 2025.Reported Earnings • Mar 05Full year 2024 earnings releasedFull year 2024 results: Revenue: د.م16.7b (up 5.6% from FY 2023). Net income: د.م541.7m (up 6.7% from FY 2023). Profit margin: 3.2% (in line with FY 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Consumer Retailing industry in Africa.Price Target Changed • Mar 04Price target increased by 9.2% to د.م5,409Up from د.م4,952, the current price target is an average from 3 analysts. New target price is 35% above last closing price of د.م4,020. Stock is down 7.6% over the past year.Board Change • Feb 24Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 2 independent directors (9 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.New Risk • Oct 08New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin).Reported Earnings • Sep 27First half 2024 earnings releasedFirst half 2024 results: Revenue: د.م7.78b (up 3.3% from 1H 2023). Net income: د.م259.0m (up 17% from 1H 2023). Profit margin: 3.3% (up from 2.9% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Consumer Retailing industry in Africa.New Risk • Jul 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin).お知らせ • May 05Label Vie S.A., Annual General Meeting, Jun 03, 2024Label Vie S.A., Annual General Meeting, Jun 03, 2024.Major Estimate Revision • Mar 07Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.م18.4b to د.م17.8b. EPS estimate also fell from د.م254 per share to د.م205 per share. Net income forecast to grow 17% next year vs 21% growth forecast for Consumer Retailing industry in Morocco. Consensus price target broadly unchanged at د.م5,168. Share price was steady at د.م4,276 over the past week.Reported Earnings • Mar 03Full year 2023 earnings releasedFull year 2023 results: Revenue: د.م16.0b (up 15% from FY 2022). Net income: د.م507.7m (down 32% from FY 2022). Profit margin: 3.2% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Consumer Retailing industry in Africa.New Risk • Oct 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.Price Target Changed • Oct 05Price target increased by 9.5% to د.م4,734Up from د.م4,323, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of د.م4,600. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of د.م231 for next year compared to د.م263 last year.Upcoming Dividend • Jun 26Upcoming dividend of د.م86.38 per share at 1.9% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 12 July 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Moroccan dividend payers (4.6%). Lower than average of industry peers (2.5%).Price Target Changed • Jun 08Price target decreased by 15% to د.م4,460Down from د.م5,235, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of د.م4,412. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of د.م214 for next year compared to د.م263 last year.Upcoming Dividend • Dec 14Upcoming dividend of د.م69.10 per shareEligible shareholders must have bought the stock before 21 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Moroccan dividend payers (4.7%). Lower than average of industry peers (2.5%).Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. 1 independent director (11 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Major Estimate Revision • Oct 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from د.م11.4b to د.م13.2b. EPS estimate unchanged from د.م171 at last update. Consumer Retailing industry in Morocco expected to see average net income growth of 21% next year. Consensus price target up from د.م5,231 to د.م5,339. Share price was steady at د.م4,705 over the past week.Upcoming Dividend • Jul 05Upcoming dividend of د.م70.40 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (2.5%).Price Target Changed • May 31Price target increased to د.م5,314Up from د.م4,816, the current price target is an average from 3 analysts. New target price is 13% above last closing price of د.م4,700. Stock is up 27% over the past year. The company is forecast to post earnings per share of د.م161 for next year compared to د.م143 last year.Price Target Changed • Jan 31Price target increased to د.م4,570Up from د.م4,266, the current price target is an average from 3 analysts. New target price is 13% below last closing price of د.م5,250. Stock is up 64% over the past year. The company is forecast to post earnings per share of د.م135 for next year compared to د.م119 last year.Price Target Changed • Dec 02Price target increased to د.م4,555Up from د.م4,037, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of د.م4,709. Stock is up 54% over the past year. The company is forecast to post earnings per share of د.م134 for next year compared to د.م119 last year.Major Estimate Revision • Feb 25Analysts update estimatesThe 2021 consensus revenue estimate was lowered from د.م12.3b to د.م11.9b. Earnings per share (EPS) increased from د.م141 to د.م177 for the same period. Net income is expected to grow by 6.4% next year compared to 20% growth forecast for the Consumer Retailing industry in Morocco. The consensus price target increased from د.م3,615 to د.م3,695. Share price stayed mostly flat at د.م3,220 over the past week.Is New 90 Day High Low • Dec 01New 90-day high: د.م3,150The company is up 4.0% from its price of د.م3,035 on 01 September 2020. The Moroccan market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,390 per share.Is New 90 Day High Low • Oct 22New 90-day high: د.م3,084The company is up 4.0% from its price of د.م2,970 on 24 July 2020. The Moroccan market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Retailing industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,419 per share.業績と収益の成長予測CBSE:LBV - アナリストの将来予測と過去の財務データ ( )MAD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202827,996N/AN/AN/A112/31/202724,061N/A501,799112/31/202621,033N/A-1021,407112/31/202518,534579-1,533263N/A9/30/202517,949566N/AN/AN/A6/30/202517,363552-2751,377N/A3/31/202516,890547-5001,064N/A12/31/202416,418542-725751N/A9/30/202416,234544N/AN/AN/A6/30/202416,050546N/AN/AN/A3/31/202415,925527N/AN/AN/A12/31/202315,800508-311900N/A9/30/202315,539629N/AN/AN/A6/30/202315,279751N/AN/AN/A3/31/202314,613749N/AN/AN/A12/31/202213,947748-256889N/A9/30/202213,290607N/AN/AN/A6/30/202212,634466-4321,113N/A3/31/202212,196436-3191,170N/A12/31/202111,758407-2051,226N/A9/30/202111,358353N/AN/AN/A6/30/202110,958299-22757N/A3/31/202110,985315-184531N/A12/31/202011,012330-347305N/A9/30/202011,053333N/AN/AN/A6/30/202011,093336-486694N/A3/31/202010,745324-423714N/A12/31/201910,396312-361735N/A9/30/20199,974313N/AN/AN/A6/30/20199,551314N/AN/AN/A3/31/20199,292300N/AN/AN/A12/31/20189,033285N/A455N/A9/30/20188,769286N/AN/AN/A6/30/20188,505287N/AN/AN/A3/31/20188,390262N/AN/AN/A12/31/20178,275238N/A337N/A9/30/20178,145197N/AN/AN/A6/30/20178,018160N/AN/AN/A3/31/20177,788150N/AN/AN/A12/31/20167,557139N/A382N/A9/30/20167,254138N/AN/AN/A6/30/20166,947134N/AN/AN/A3/31/20166,839121N/AN/AN/A12/31/20156,732108N/A895N/A9/30/20156,626103N/AN/AN/A6/30/20156,51999N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: LBVの予測収益成長が 貯蓄率 ( 15.1% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: LBVの収益がMA市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: LBVの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: LBVの収益 ( 13.7% ) MA市場 ( 10.7% ) よりも速いペースで成長すると予測されています。高い収益成長: LBVの収益 ( 13.7% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: LBVの 自己資本利益率 は、3年後には低くなると予測されています ( 19.4 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-retailing 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/09 09:10終値2026/06/09 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Label Vie S.A. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Kais KriaaAlphaMenaImen Ben AhmedAlphaMenaDounia FilaliBmce Capital Bourse1 その他のアナリストを表示
Price Target Changed • Mar 04Price target increased by 9.2% to د.م5,409Up from د.م4,952, the current price target is an average from 3 analysts. New target price is 35% above last closing price of د.م4,020. Stock is down 7.6% over the past year.
Major Estimate Revision • Mar 07Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.م18.4b to د.م17.8b. EPS estimate also fell from د.م254 per share to د.م205 per share. Net income forecast to grow 17% next year vs 21% growth forecast for Consumer Retailing industry in Morocco. Consensus price target broadly unchanged at د.م5,168. Share price was steady at د.م4,276 over the past week.
Price Target Changed • Oct 05Price target increased by 9.5% to د.م4,734Up from د.م4,323, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of د.م4,600. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of د.م231 for next year compared to د.م263 last year.
Price Target Changed • Jun 08Price target decreased by 15% to د.م4,460Down from د.م5,235, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of د.م4,412. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of د.م214 for next year compared to د.م263 last year.
Major Estimate Revision • Oct 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from د.م11.4b to د.م13.2b. EPS estimate unchanged from د.م171 at last update. Consumer Retailing industry in Morocco expected to see average net income growth of 21% next year. Consensus price target up from د.م5,231 to د.م5,339. Share price was steady at د.م4,705 over the past week.
Price Target Changed • May 31Price target increased to د.م5,314Up from د.م4,816, the current price target is an average from 3 analysts. New target price is 13% above last closing price of د.م4,700. Stock is up 27% over the past year. The company is forecast to post earnings per share of د.م161 for next year compared to د.م143 last year.
お知らせ • May 07Retail Holding S.A. agreed to acquire remaining 49.75% stake in Label Vie S.A. (CBSE:LBV) for MAD 6.2 billion.Retail Holding S.A. agreed to acquire remaining 49.75% stake in Label Vie S.A. (CBSE:LBV) for MAD 6.2 billion on May 4, 2026. The consideration consists of common equity of Retail Holding S.A. to be issued for common equity of Label Vie S.A. Upon completion, Retail Holding S.A. will own 100% stake in Label Vie S.A. On this basis, LabelVie S.A. and Retail Holding S.A. have agreed on an exchange ratio of 8 Retail Holding S.A. shares for 11 LabelVie S.A. shares The transaction is subject to approval of offer by acquirer shareholders, Moroccan capital market authority and approval of offer by target shareholders. Board of Retail Holding S.A. and Label Vie S.A. approved the acquisition. The transaction is expected to be completed in beginning of August 2026.
お知らせ • May 02Label Vie S.A., Annual General Meeting, Jun 01, 2026Label Vie S.A., Annual General Meeting, Jun 01, 2026.
Board Change • Feb 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Dec 25Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Nov 25Label Vie S.A., Annual General Meeting, Dec 23, 2025Label Vie S.A., Annual General Meeting, Dec 23, 2025.
Upcoming Dividend • Jul 14Upcoming dividend of د.م111 per shareEligible shareholders must have bought the stock before 21 July 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Moroccan dividend payers (4.1%). In line with average of industry peers (2.5%).
お知らせ • Jul 08Label Vie S.A. announces Annual dividend, payable on July 31, 2025Label Vie S.A. announced Annual dividend of MAD 110.5700 per share payable on July 31, 2025, ex-date on July 21, 2025 and record date on July 18, 2025.
Reported Earnings • Mar 05Full year 2024 earnings releasedFull year 2024 results: Revenue: د.م16.7b (up 5.6% from FY 2023). Net income: د.م541.7m (up 6.7% from FY 2023). Profit margin: 3.2% (in line with FY 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Consumer Retailing industry in Africa.
Price Target Changed • Mar 04Price target increased by 9.2% to د.م5,409Up from د.م4,952, the current price target is an average from 3 analysts. New target price is 35% above last closing price of د.م4,020. Stock is down 7.6% over the past year.
Board Change • Feb 24Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 2 independent directors (9 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
New Risk • Oct 08New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin).
Reported Earnings • Sep 27First half 2024 earnings releasedFirst half 2024 results: Revenue: د.م7.78b (up 3.3% from 1H 2023). Net income: د.م259.0m (up 17% from 1H 2023). Profit margin: 3.3% (up from 2.9% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Consumer Retailing industry in Africa.
New Risk • Jul 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin).
お知らせ • May 05Label Vie S.A., Annual General Meeting, Jun 03, 2024Label Vie S.A., Annual General Meeting, Jun 03, 2024.
Major Estimate Revision • Mar 07Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.م18.4b to د.م17.8b. EPS estimate also fell from د.م254 per share to د.م205 per share. Net income forecast to grow 17% next year vs 21% growth forecast for Consumer Retailing industry in Morocco. Consensus price target broadly unchanged at د.م5,168. Share price was steady at د.م4,276 over the past week.
Reported Earnings • Mar 03Full year 2023 earnings releasedFull year 2023 results: Revenue: د.م16.0b (up 15% from FY 2022). Net income: د.م507.7m (down 32% from FY 2022). Profit margin: 3.2% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Consumer Retailing industry in Africa.
New Risk • Oct 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.
Price Target Changed • Oct 05Price target increased by 9.5% to د.م4,734Up from د.م4,323, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of د.م4,600. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of د.م231 for next year compared to د.م263 last year.
Upcoming Dividend • Jun 26Upcoming dividend of د.م86.38 per share at 1.9% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 12 July 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Moroccan dividend payers (4.6%). Lower than average of industry peers (2.5%).
Price Target Changed • Jun 08Price target decreased by 15% to د.م4,460Down from د.م5,235, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of د.م4,412. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of د.م214 for next year compared to د.م263 last year.
Upcoming Dividend • Dec 14Upcoming dividend of د.م69.10 per shareEligible shareholders must have bought the stock before 21 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Moroccan dividend payers (4.7%). Lower than average of industry peers (2.5%).
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. 1 independent director (11 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Major Estimate Revision • Oct 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from د.م11.4b to د.م13.2b. EPS estimate unchanged from د.م171 at last update. Consumer Retailing industry in Morocco expected to see average net income growth of 21% next year. Consensus price target up from د.م5,231 to د.م5,339. Share price was steady at د.م4,705 over the past week.
Upcoming Dividend • Jul 05Upcoming dividend of د.م70.40 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (2.5%).
Price Target Changed • May 31Price target increased to د.م5,314Up from د.م4,816, the current price target is an average from 3 analysts. New target price is 13% above last closing price of د.م4,700. Stock is up 27% over the past year. The company is forecast to post earnings per share of د.م161 for next year compared to د.م143 last year.
Price Target Changed • Jan 31Price target increased to د.م4,570Up from د.م4,266, the current price target is an average from 3 analysts. New target price is 13% below last closing price of د.م5,250. Stock is up 64% over the past year. The company is forecast to post earnings per share of د.م135 for next year compared to د.م119 last year.
Price Target Changed • Dec 02Price target increased to د.م4,555Up from د.م4,037, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of د.م4,709. Stock is up 54% over the past year. The company is forecast to post earnings per share of د.م134 for next year compared to د.م119 last year.
Major Estimate Revision • Feb 25Analysts update estimatesThe 2021 consensus revenue estimate was lowered from د.م12.3b to د.م11.9b. Earnings per share (EPS) increased from د.م141 to د.م177 for the same period. Net income is expected to grow by 6.4% next year compared to 20% growth forecast for the Consumer Retailing industry in Morocco. The consensus price target increased from د.م3,615 to د.م3,695. Share price stayed mostly flat at د.م3,220 over the past week.
Is New 90 Day High Low • Dec 01New 90-day high: د.م3,150The company is up 4.0% from its price of د.م3,035 on 01 September 2020. The Moroccan market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,390 per share.
Is New 90 Day High Low • Oct 22New 90-day high: د.م3,084The company is up 4.0% from its price of د.م2,970 on 24 July 2020. The Moroccan market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Retailing industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,419 per share.