View Past PerformanceRisma バランスシートの健全性財務の健全性 基準チェック /36Rismaの総株主資本はMAD1.8B 、総負債はMAD2.3Bで、負債比率は127.6%となります。総資産と総負債はそれぞれMAD4.6BとMAD2.8Bです。 Rismaの EBIT はMAD424.6Mで、利息カバレッジ比率4.1です。現金および短期投資はMAD333.4Mです。主要情報127.61%負債資本比率د.م2.30b負債インタレスト・カバレッジ・レシオ4.1x現金د.م333.38mエクイティد.م1.80b負債合計د.م2.81b総資産د.م4.62b財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesUpcoming Dividend • Jun 15Upcoming dividend of د.م9.00 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Moroccan dividend payers (4.6%). Higher than average of industry peers (1.5%).お知らせ • Jun 09Risma announces Annual dividend, payable on July 01, 2026Risma announced Annual dividend of MAD 9.0000 per share payable on July 01, 2026, ex-date on June 22, 2026 and record date on June 19, 2026.New Risk • May 06New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Apr 30Risma, Annual General Meeting, Jun 02, 2026Risma, Annual General Meeting, Jun 02, 2026. Location: casablanca MoroccoNew Risk • Apr 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (69% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Mar 02New 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: Minor Risks High level of debt (69% net debt to equity). Dividend is not well covered by cash flows (146% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change).Price Target Changed • Dec 25Price target increased by 85% to د.م421Up from د.م228, the current price target is provided by 1 analyst. New target price is 7.9% above last closing price of د.م390. Stock is up 71% over the past year. The company is forecast to post earnings per share of د.م15.10 for next year compared to د.م12.77 last year.New Risk • Oct 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks High level of debt (69% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Jun 03Risma, Annual General Meeting, Jun 30, 2025Risma, Annual General Meeting, Jun 30, 2025.New Risk • May 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (64% net debt to equity). 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 (14% net profit margin).New Risk • Apr 15New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 9.8% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Mar 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 9.8% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Feb 28New 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 5.6% 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change).Price Target Changed • Feb 24Price target decreased by 12% to د.م228Down from د.م258, the current price target is provided by 1 analyst. New target price is 24% below last closing price of د.م300. Stock is up 32% over the past year. The company posted earnings per share of د.م17.03 last year.Price Target Changed • Dec 25Price target decreased by 12% to د.م228Down from د.م258, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م226. Stock is up 11% over the past year. The company posted earnings per share of د.م17.03 last year.New Risk • Oct 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 33% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 33% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Oct 02First half 2024 earnings releasedFirst half 2024 results: Revenue: د.م597.0m (flat on 1H 2023). Net income: د.م75.0m (down 8.8% from 1H 2023). Profit margin: 13% (down from 14% in 1H 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Africa.Upcoming Dividend • Jul 11Upcoming dividend of د.م6.00 per shareEligible shareholders must have bought the stock before 18 July 2024. Payment date: 29 July 2024. Trailing yield: 2.5%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (4.4%).お知らせ • May 24Risma, Annual General Meeting, Jun 20, 2024Risma, Annual General Meeting, Jun 20, 2024. Location: casablanca MoroccoNew Risk • May 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.Reported Earnings • May 04Full year 2023 earnings released: EPS: د.م17.04 (vs د.م10.62 in FY 2022)Full year 2023 results: EPS: د.م17.04 (up from د.م10.62 in FY 2022). Revenue: د.م1.17b (up 13% from FY 2022). Net income: د.م244.1m (up 61% from FY 2022). Profit margin: 21% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).Reported Earnings • Oct 01First half 2023 earnings released: EPS: د.م5.74 (vs د.م2.11 in 1H 2022)First half 2023 results: EPS: د.م5.74 (up from د.م2.11 in 1H 2022). Revenue: د.م593.8m (up 39% from 1H 2022). Net income: د.م82.2m (up 172% from 1H 2022). Profit margin: 14% (up from 7.1% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.New Risk • Aug 06New 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 5.0% 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 (19% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.0% average weekly change).Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م215, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 10x in the Hospitality industry in Africa. Total returns to shareholders of 140% over the past three years.Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م145, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 12x in the Hospitality industry in Africa. Total returns to shareholders of 84% over the past three years.Price Target Changed • Nov 16Price target decreased to د.م150Down from د.م258, the current price target is provided by 1 analyst. New target price is 35% above last closing price of د.م111. Stock is up 0.5% over the past year. The company is forecast to post a net loss per share of د.م3.50 next year compared to a net loss per share of د.م11.99 last year.Reported Earnings • Oct 02First half 2022 earnings released: EPS: د.م2.11 (vs د.م8.88 loss in 1H 2021)First half 2022 results: EPS: د.م2.11 (up from د.م8.88 loss in 1H 2021). Revenue: د.م426.7m (up 110% from 1H 2021). Net income: د.م30.2m (up د.م157.5m from 1H 2021). Profit margin: 7.1% (up from net loss in 1H 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Hospitality industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.Price Target Changed • Apr 27Price target decreased to د.م160Down from د.م258, the current price target is provided by 1 analyst. New target price is 40% above last closing price of د.م114. Stock is up 13% over the past year. The company is forecast to post a net loss per share of د.م11.10 next year compared to a net loss per share of د.م21.14 last year.Is New 90 Day High Low • Mar 10New 90-day low: د.م105The company is down 4.0% from its price of د.م110 on 09 December 2020. The Moroccan market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 3.0% over the same period.Is New 90 Day High Low • Dec 12New 90-day high: د.م114The company is up 26% from its price of د.م90.46 on 11 September 2020. The Moroccan market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period.Is New 90 Day High Low • Nov 12New 90-day high: د.م98.38The company is up 18% from its price of د.م83.19 on 13 August 2020. The Moroccan market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 3.0% over the same period.財務状況分析短期負債: RISの 短期資産 ( MAD589.9M ) は 短期負債 ( MAD1.3B ) をカバーしていません。長期負債: RISの短期資産 ( MAD589.9M ) は 長期負債 ( MAD1.5B ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: RISの 純負債対資本比率 ( 109.1% ) は 高い と見なされます。負債の削減: RISの負債対資本比率は、過去 5 年間で143.7%から127.6%に減少しました。債務返済能力: RISの負債は 営業キャッシュフロー によって 十分にカバー されています ( 23.5% )。インタレストカバレッジ: RISの負債に対する 利息支払い は EBIT ( 4.1 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YConsumer-services 業界の健全な企業。View Dividend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2026/06/22 15:19終値2026/06/19 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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Risma 1 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。1 アナリスト機関Kacem BenjellounCFG Marches
Upcoming Dividend • Jun 15Upcoming dividend of د.م9.00 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Moroccan dividend payers (4.6%). Higher than average of industry peers (1.5%).
お知らせ • Jun 09Risma announces Annual dividend, payable on July 01, 2026Risma announced Annual dividend of MAD 9.0000 per share payable on July 01, 2026, ex-date on June 22, 2026 and record date on June 19, 2026.
New Risk • May 06New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Apr 30Risma, Annual General Meeting, Jun 02, 2026Risma, Annual General Meeting, Jun 02, 2026. Location: casablanca Morocco
New Risk • Apr 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (69% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Mar 02New 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: Minor Risks High level of debt (69% net debt to equity). Dividend is not well covered by cash flows (146% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change).
Price Target Changed • Dec 25Price target increased by 85% to د.م421Up from د.م228, the current price target is provided by 1 analyst. New target price is 7.9% above last closing price of د.م390. Stock is up 71% over the past year. The company is forecast to post earnings per share of د.م15.10 for next year compared to د.م12.77 last year.
New Risk • Oct 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks High level of debt (69% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • May 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (64% net debt to equity). 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 (14% net profit margin).
New Risk • Apr 15New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 9.8% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Mar 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 9.8% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Feb 28New 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 5.6% 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change).
Price Target Changed • Feb 24Price target decreased by 12% to د.م228Down from د.م258, the current price target is provided by 1 analyst. New target price is 24% below last closing price of د.م300. Stock is up 32% over the past year. The company posted earnings per share of د.م17.03 last year.
Price Target Changed • Dec 25Price target decreased by 12% to د.م228Down from د.م258, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م226. Stock is up 11% over the past year. The company posted earnings per share of د.م17.03 last year.
New Risk • Oct 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 33% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 33% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Oct 02First half 2024 earnings releasedFirst half 2024 results: Revenue: د.م597.0m (flat on 1H 2023). Net income: د.م75.0m (down 8.8% from 1H 2023). Profit margin: 13% (down from 14% in 1H 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Africa.
Upcoming Dividend • Jul 11Upcoming dividend of د.م6.00 per shareEligible shareholders must have bought the stock before 18 July 2024. Payment date: 29 July 2024. Trailing yield: 2.5%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (4.4%).
お知らせ • May 24Risma, Annual General Meeting, Jun 20, 2024Risma, Annual General Meeting, Jun 20, 2024. Location: casablanca Morocco
New Risk • May 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • May 04Full year 2023 earnings released: EPS: د.م17.04 (vs د.م10.62 in FY 2022)Full year 2023 results: EPS: د.م17.04 (up from د.م10.62 in FY 2022). Revenue: د.م1.17b (up 13% from FY 2022). Net income: د.م244.1m (up 61% from FY 2022). Profit margin: 21% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).
Reported Earnings • Oct 01First half 2023 earnings released: EPS: د.م5.74 (vs د.م2.11 in 1H 2022)First half 2023 results: EPS: د.م5.74 (up from د.م2.11 in 1H 2022). Revenue: د.م593.8m (up 39% from 1H 2022). Net income: د.م82.2m (up 172% from 1H 2022). Profit margin: 14% (up from 7.1% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 06New 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 5.0% 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 (19% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.0% average weekly change).
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م215, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 10x in the Hospitality industry in Africa. Total returns to shareholders of 140% over the past three years.
Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م145, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 12x in the Hospitality industry in Africa. Total returns to shareholders of 84% over the past three years.
Price Target Changed • Nov 16Price target decreased to د.م150Down from د.م258, the current price target is provided by 1 analyst. New target price is 35% above last closing price of د.م111. Stock is up 0.5% over the past year. The company is forecast to post a net loss per share of د.م3.50 next year compared to a net loss per share of د.م11.99 last year.
Reported Earnings • Oct 02First half 2022 earnings released: EPS: د.م2.11 (vs د.م8.88 loss in 1H 2021)First half 2022 results: EPS: د.م2.11 (up from د.م8.88 loss in 1H 2021). Revenue: د.م426.7m (up 110% from 1H 2021). Net income: د.م30.2m (up د.م157.5m from 1H 2021). Profit margin: 7.1% (up from net loss in 1H 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Hospitality industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
Price Target Changed • Apr 27Price target decreased to د.م160Down from د.م258, the current price target is provided by 1 analyst. New target price is 40% above last closing price of د.م114. Stock is up 13% over the past year. The company is forecast to post a net loss per share of د.م11.10 next year compared to a net loss per share of د.م21.14 last year.
Is New 90 Day High Low • Mar 10New 90-day low: د.م105The company is down 4.0% from its price of د.م110 on 09 December 2020. The Moroccan market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 3.0% over the same period.
Is New 90 Day High Low • Dec 12New 90-day high: د.م114The company is up 26% from its price of د.م90.46 on 11 September 2020. The Moroccan market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period.
Is New 90 Day High Low • Nov 12New 90-day high: د.م98.38The company is up 18% from its price of د.م83.19 on 13 August 2020. The Moroccan market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 3.0% over the same period.