View Future GrowthHightech Payment Systems 過去の業績過去 基準チェック /46Hightech Payment Systemsの収益は年間平均-9.8%の割合で減少していますが、 Diversified Financial業界の収益は年間 増加しています。収益は年間24.5% 13.8%割合で 増加しています。 Hightech Payment Systemsの自己資本利益率は13%であり、純利益率は7%です。主要情報-9.81%収益成長率-11.15%EPS成長率Diversified Financial 業界の成長14.63%収益成長率13.82%株主資本利益率12.95%ネット・マージン6.96%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Sep 28First half 2025 earnings released: د.م63.80 loss per share (vs د.م5.39 profit in 1H 2024)First half 2025 results: د.م63.80 loss per share (down from د.م5.39 profit in 1H 2024). Revenue: د.م672.5m (up 16% from 1H 2024). Net loss: د.م47.3m (down 218% from profit in 1H 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 02Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: د.م10.17 (down from د.م13.50 in FY 2023). Revenue: د.م1.25b (up 8.1% from FY 2023). Net income: د.م75.3m (down 25% from FY 2023). Profit margin: 6.0% (down from 8.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • Oct 03First half 2024 earnings released: EPS: د.م53.90 (vs د.م6.47 in 1H 2023)First half 2024 results: EPS: د.م53.90. Revenue: د.م577.6m (up 9.7% from 1H 2023). Net income: د.م40.0m (down 12% from 1H 2023). Profit margin: 6.9% (down from 8.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in Africa.Reported Earnings • Mar 29Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: د.م13.49 (down from د.م16.64 in FY 2022). Revenue: د.م1.15b (up 15% from FY 2022). Net income: د.م99.9m (down 15% from FY 2022). Profit margin: 8.7% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Sep 28First half 2022 earnings released: EPS: د.م96.24 (vs د.م52.35 in 1H 2021)First half 2022 results: EPS: د.م96.24 (up from د.م52.35 in 1H 2021). Revenue: د.م479.6m (up 22% from 1H 2021). Net income: د.م67.7m (up 84% from 1H 2021). Profit margin: 14% (up from 9.4% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the IT industry in Africa. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Sep 29First half 2021 earnings released: EPS د.م52.40 (vs د.م70.30 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: د.م392.9m (up 12% from 1H 2020). Net income: د.م36.8m (down 26% from 1H 2020). Profit margin: 9.4% (down from 14% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.すべての更新を表示Recent updatesDeclared Dividend • Jul 05Dividend increased to د.م8.00Dividend of د.م8.00 is 14% higher than last year. Ex-date: 16th July 2026 Payment date: 27th July 2026 Dividend yield will be 1.3%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 108% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jul 03Hightech Payment Systems S.A. announces Annual dividend, payable on July 27, 2026Hightech Payment Systems S.A. announced Annual dividend of MAD 8.0000 per share payable on July 27, 2026, ex-date on July 16, 2026 and record date on July 15, 2026.お知らせ • May 26Hightech Payment Systems S.A., Annual General Meeting, Jun 24, 2026Hightech Payment Systems S.A., Annual General Meeting, Jun 24, 2026. Location: casablanca MoroccoValuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 19%After last week's 19% share price gain to د.م650, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 10x in the Diversified Financial industry in Africa. Total returns to shareholders of 7.7% over the past three years.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. 3 experienced directors. 7 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Rachida Benabdallah was the last independent 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. 3 experienced directors. 7 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Rachida Benabdallah was the last independent 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.Reported Earnings • Sep 28First half 2025 earnings released: د.م63.80 loss per share (vs د.م5.39 profit in 1H 2024)First half 2025 results: د.م63.80 loss per share (down from د.م5.39 profit in 1H 2024). Revenue: د.م672.5m (up 16% from 1H 2024). Net loss: د.م47.3m (down 218% from profit in 1H 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Declared Dividend • Jul 08Dividend of €7.00 announcedShareholders will receive a dividend of €7.00. Ex-date: 16th July 2025 Payment date: 25th July 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but not covered by cash flows (dividend approximately 32x free cash flows). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 29Hightech Payment Systems S.A., Annual General Meeting, Jun 26, 2025Hightech Payment Systems S.A., Annual General Meeting, Jun 26, 2025.Major Estimate Revision • May 14Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from د.م17.35 to د.م15.07. Revenue forecast unchanged from د.م1.52b at last update. Net income forecast to grow 47% next year vs 7.5% growth forecast for Diversified Financial industry in Morocco. Consensus price target of د.م675 unchanged from last update. Share price was steady at د.م570 over the past week.Major Estimate Revision • Apr 22Consensus revenue estimates increase by 13%, EPS downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from د.م1.32b to د.م1.49b. EPS estimate fell from د.م18.95 to د.م17.35. Net income forecast to grow 61% next year vs 7.5% growth forecast for Diversified Financial industry in Morocco. Consensus price target down from د.م674 to د.م650. Share price fell 2.9% to د.م570 over the past week.Reported Earnings • Apr 02Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: د.م10.17 (down from د.م13.50 in FY 2023). Revenue: د.م1.25b (up 8.1% from FY 2023). Net income: د.م75.3m (down 25% from FY 2023). Profit margin: 6.0% (down from 8.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Board Change • Feb 24Less 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. 3 experienced directors. 7 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Board Member Chami Meryem was the last independent director to join the board, commencing their role in 2021. 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 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. 2 experienced directors. 7 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Board Member Chami Meryem was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 03First half 2024 earnings released: EPS: د.م53.90 (vs د.م6.47 in 1H 2023)First half 2024 results: EPS: د.م53.90. Revenue: د.م577.6m (up 9.7% from 1H 2023). Net income: د.م40.0m (down 12% from 1H 2023). Profit margin: 6.9% (down from 8.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in Africa.Price Target Changed • Oct 03Price target decreased by 8.0% to د.م664Down from د.م722, the current price target is an average from 3 analysts. New target price is 15% above last closing price of د.م575. Stock is down 14% over the past year. The company is forecast to post earnings per share of د.م15.10 for next year compared to د.م13.50 last year.お知らせ • Aug 28Hightech Payment Systems S.A. (CBSE:HPS) completed the acquisition of CR2 Ltd.Hightech Payment Systems S.A. (CBSE:HPS) agreed to acquire CR2 Ltd. on May 24, 2024. In the 12 months to June 2023, CR2 generated revenues of €23.8 million. The transaction is subject to customary regulatory conditions and is expected to close in the coming months. Evercore Advisors I LLC is serving as exclusive financial adviser to HPS. Norton Rose Morocco SARL and Matheson LLP are serving as legal advisers to HPS. Hightech Payment Systems S.A. (CBSE:HPS) completed the acquisition of CR2 Ltd. on August 27, 2024.Upcoming Dividend • Jul 10Upcoming dividend of د.م6.80 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (4.4%).お知らせ • Jun 01Hightech Payment Systems S.A., Annual General Meeting, Jun 28, 2024Hightech Payment Systems S.A., Annual General Meeting, Jun 28, 2024. Location: casablanca MoroccoReported Earnings • Mar 29Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: د.م13.49 (down from د.م16.64 in FY 2022). Revenue: د.م1.15b (up 15% from FY 2022). Net income: د.م99.9m (down 15% from FY 2022). Profit margin: 8.7% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Price Target Changed • Oct 30Price target decreased by 11% to د.م687Down from د.م770, the current price target is an average from 3 analysts. New target price is 9.9% above last closing price of د.م625. Stock is down 5.0% over the past year. The company is forecast to post earnings per share of د.م19.70 for next year compared to د.م16.64 last year.New Risk • Jul 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Shareholders have been diluted in the past year (5.3% increase in shares outstanding).Upcoming Dividend • Jun 28Upcoming dividend of د.م60.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 05 July 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Moroccan dividend payers (4.5%). Lower than average of industry peers (4.5%).Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Board Member Chami Meryem was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Sep 28First half 2022 earnings released: EPS: د.م96.24 (vs د.م52.35 in 1H 2021)First half 2022 results: EPS: د.م96.24 (up from د.م52.35 in 1H 2021). Revenue: د.م479.6m (up 22% from 1H 2021). Net income: د.م67.7m (up 84% from 1H 2021). Profit margin: 14% (up from 9.4% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the IT industry in Africa. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jul 21Upcoming dividend of د.م55.00 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (4.6%).Board Change • Apr 27Less 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. 2 experienced directors. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Isabel Navarro was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Sep 29First half 2021 earnings released: EPS د.م52.40 (vs د.م70.30 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: د.م392.9m (up 12% from 1H 2020). Net income: د.م36.8m (down 26% from 1H 2020). Profit margin: 9.4% (down from 14% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 09Upcoming dividend of د.م50.00 per shareEligible shareholders must have bought the stock before 16 July 2021. Payment date: 29 July 2021. Trailing yield: 0.8%. Lower than top quartile of Moroccan dividend payers (4.5%). Lower than average of industry peers (5.2%).Major Estimate Revision • Jun 05Consensus revenue estimates increase to د.م926.0mThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from د.م797.7m to د.م926.0m. EPS estimate increased from د.م140 to د.م161 per share. Net income forecast to grow 48% next year vs 20% growth forecast for IT industry in Morocco. Consensus price target up from د.م6,383 to د.م6,983. Share price rose 9.0% to د.م6,596 over the past week.Price Target Changed • May 21Price target increased to د.م6,383Up from د.م5,833, the current price target is an average from 3 analysts. New target price is 7.4% above last closing price of د.م5,941. Stock is up 49% over the past year.Reported Earnings • Mar 25Full year 2020 earnings released: EPS د.م120 (vs د.م133 in FY 2019)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: د.م720.7m (flat on FY 2019). Net income: د.م84.4m (down 10.0% from FY 2019). Profit margin: 12% (down from 13% in FY 2019). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Feb 11New 90-day high: د.م6,730The company is up 29% from its price of د.م5,199 on 13 November 2020. The Moroccan market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,932 per share.Is New 90 Day High Low • Jan 09New 90-day high: د.م6,685The company is up 39% from its price of د.م4,800 on 08 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,971 per share.Price Target Changed • Dec 11Price target raised to د.م5,833Up from د.م5,212, the current price target is an average from 3 analysts. The new target price is close to the current share price of د.م5,900. As of last close, the stock is up 59% over the past year.Is New 90 Day High Low • Dec 04New 90-day high: د.م5,850The company is up 27% from its price of د.م4,600 on 04 September 2020. The Moroccan market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,605 per share.Is New 90 Day High Low • Nov 10New 90-day high: د.م5,203The company is up 17% from its price of د.م4,450 on 11 August 2020. The Moroccan market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,642 per share.Is New 90 Day High Low • Oct 22New 90-day high: د.م5,000The company is up 15% from its price of د.م4,350 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 IT industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,704 per share.Is New 90 Day High Low • Oct 06New 90-day high: د.م4,800The company is up 9.0% from its price of د.م4,399 on 08 July 2020. The Moroccan market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 21% over the same period.お知らせ • Jul 17Hightech Payment Systems S.A. (CBSE:HPS) signed an agreement to acquire IPRC.Hightech Payment Systems S.A. (CBSE:HPS) signed an agreement to acquire IPRC on July 7, 2020. The acquisition is subject to the usual suspensive clauses.収支内訳Hightech Payment Systems の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史CBSE:HPS 収益、費用、利益 ( )MAD Millions日付収益収益G+A経費研究開発費31 Dec 251,521106337030 Sep 251,43047329030 Jun 251,340-12321031 Mar 251,29332295031 Dec 241,24575269030 Sep 241,20585254030 Jun 241,16594238031 Mar 241,15997231031 Dec 231,152100225030 Sep 231,12197210030 Jun 231,08995194031 Mar 231,047106177031 Dec 221,005117159030 Sep 22961123140030 Jun 22918130122031 Mar 22875114113031 Dec 2183199104030 Sep 2179885107030 Jun 2176472110031 Mar 2174278112031 Dec 2072184114030 Sep 2072194120030 Jun 20722103127031 Mar 2071898133031 Dec 1971594139030 Sep 1970492132030 Jun 1969490125031 Mar 1966991122031 Dec 1864492120030 Sep 1861288116030 Jun 1858183113031 Mar 1856677109031 Dec 1755171105030 Sep 1753867102030 Jun 175246399031 Mar 174976190031 Dec 164705981030 Sep 164365271030 Jun 164014561031 Mar 163844360031 Dec 153664059030 Sep 1535043560質の高い収益: HPSは 高品質の収益 を持っています。利益率の向上: HPSの現在の純利益率 (7%)は、昨年(6%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: HPSの収益は過去 5 年間で年間9.8%減少しました。成長の加速: HPSの過去 1 年間の収益成長率 ( 40.5% ) は、5 年間の平均 ( 年間-9.8%を上回っています。収益対業界: HPSの過去 1 年間の収益成長率 ( 40.5% ) はDiversified Financial業界9.1%を上回りました。株主資本利益率高いROE: HPSの 自己資本利益率 ( 13% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YDiversified-financials 、過去の業績が好調な企業。View Financial Health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2026/07/07 19:55終値2026/07/07 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Hightech Payment Systems S.A. 3 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。5 アナリスト機関Kais KriaaAlphaMenaMyriam ChaabouniAlphaMenaKhadija El MoussilyBmce Capital Bourse2 その他のアナリストを表示
Reported Earnings • Sep 28First half 2025 earnings released: د.م63.80 loss per share (vs د.م5.39 profit in 1H 2024)First half 2025 results: د.م63.80 loss per share (down from د.م5.39 profit in 1H 2024). Revenue: د.م672.5m (up 16% from 1H 2024). Net loss: د.م47.3m (down 218% from profit in 1H 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 02Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: د.م10.17 (down from د.م13.50 in FY 2023). Revenue: د.م1.25b (up 8.1% from FY 2023). Net income: د.م75.3m (down 25% from FY 2023). Profit margin: 6.0% (down from 8.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • Oct 03First half 2024 earnings released: EPS: د.م53.90 (vs د.م6.47 in 1H 2023)First half 2024 results: EPS: د.م53.90. Revenue: د.م577.6m (up 9.7% from 1H 2023). Net income: د.م40.0m (down 12% from 1H 2023). Profit margin: 6.9% (down from 8.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in Africa.
Reported Earnings • Mar 29Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: د.م13.49 (down from د.م16.64 in FY 2022). Revenue: د.م1.15b (up 15% from FY 2022). Net income: د.م99.9m (down 15% from FY 2022). Profit margin: 8.7% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Sep 28First half 2022 earnings released: EPS: د.م96.24 (vs د.م52.35 in 1H 2021)First half 2022 results: EPS: د.م96.24 (up from د.م52.35 in 1H 2021). Revenue: د.م479.6m (up 22% from 1H 2021). Net income: د.م67.7m (up 84% from 1H 2021). Profit margin: 14% (up from 9.4% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the IT industry in Africa. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Sep 29First half 2021 earnings released: EPS د.م52.40 (vs د.م70.30 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: د.م392.9m (up 12% from 1H 2020). Net income: د.م36.8m (down 26% from 1H 2020). Profit margin: 9.4% (down from 14% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.
Declared Dividend • Jul 05Dividend increased to د.م8.00Dividend of د.م8.00 is 14% higher than last year. Ex-date: 16th July 2026 Payment date: 27th July 2026 Dividend yield will be 1.3%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 108% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jul 03Hightech Payment Systems S.A. announces Annual dividend, payable on July 27, 2026Hightech Payment Systems S.A. announced Annual dividend of MAD 8.0000 per share payable on July 27, 2026, ex-date on July 16, 2026 and record date on July 15, 2026.
お知らせ • May 26Hightech Payment Systems S.A., Annual General Meeting, Jun 24, 2026Hightech Payment Systems S.A., Annual General Meeting, Jun 24, 2026. Location: casablanca Morocco
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 19%After last week's 19% share price gain to د.م650, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 10x in the Diversified Financial industry in Africa. Total returns to shareholders of 7.7% over the past three years.
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. 3 experienced directors. 7 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Rachida Benabdallah was the last independent 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. 3 experienced directors. 7 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Rachida Benabdallah was the last independent 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.
Reported Earnings • Sep 28First half 2025 earnings released: د.م63.80 loss per share (vs د.م5.39 profit in 1H 2024)First half 2025 results: د.م63.80 loss per share (down from د.م5.39 profit in 1H 2024). Revenue: د.م672.5m (up 16% from 1H 2024). Net loss: د.م47.3m (down 218% from profit in 1H 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Declared Dividend • Jul 08Dividend of €7.00 announcedShareholders will receive a dividend of €7.00. Ex-date: 16th July 2025 Payment date: 25th July 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but not covered by cash flows (dividend approximately 32x free cash flows). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 29Hightech Payment Systems S.A., Annual General Meeting, Jun 26, 2025Hightech Payment Systems S.A., Annual General Meeting, Jun 26, 2025.
Major Estimate Revision • May 14Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from د.م17.35 to د.م15.07. Revenue forecast unchanged from د.م1.52b at last update. Net income forecast to grow 47% next year vs 7.5% growth forecast for Diversified Financial industry in Morocco. Consensus price target of د.م675 unchanged from last update. Share price was steady at د.م570 over the past week.
Major Estimate Revision • Apr 22Consensus revenue estimates increase by 13%, EPS downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from د.م1.32b to د.م1.49b. EPS estimate fell from د.م18.95 to د.م17.35. Net income forecast to grow 61% next year vs 7.5% growth forecast for Diversified Financial industry in Morocco. Consensus price target down from د.م674 to د.م650. Share price fell 2.9% to د.م570 over the past week.
Reported Earnings • Apr 02Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: د.م10.17 (down from د.م13.50 in FY 2023). Revenue: د.م1.25b (up 8.1% from FY 2023). Net income: د.م75.3m (down 25% from FY 2023). Profit margin: 6.0% (down from 8.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Board Change • Feb 24Less 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. 3 experienced directors. 7 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Board Member Chami Meryem was the last independent director to join the board, commencing their role in 2021. 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 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. 2 experienced directors. 7 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Board Member Chami Meryem was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 03First half 2024 earnings released: EPS: د.م53.90 (vs د.م6.47 in 1H 2023)First half 2024 results: EPS: د.م53.90. Revenue: د.م577.6m (up 9.7% from 1H 2023). Net income: د.م40.0m (down 12% from 1H 2023). Profit margin: 6.9% (down from 8.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in Africa.
Price Target Changed • Oct 03Price target decreased by 8.0% to د.م664Down from د.م722, the current price target is an average from 3 analysts. New target price is 15% above last closing price of د.م575. Stock is down 14% over the past year. The company is forecast to post earnings per share of د.م15.10 for next year compared to د.م13.50 last year.
お知らせ • Aug 28Hightech Payment Systems S.A. (CBSE:HPS) completed the acquisition of CR2 Ltd.Hightech Payment Systems S.A. (CBSE:HPS) agreed to acquire CR2 Ltd. on May 24, 2024. In the 12 months to June 2023, CR2 generated revenues of €23.8 million. The transaction is subject to customary regulatory conditions and is expected to close in the coming months. Evercore Advisors I LLC is serving as exclusive financial adviser to HPS. Norton Rose Morocco SARL and Matheson LLP are serving as legal advisers to HPS. Hightech Payment Systems S.A. (CBSE:HPS) completed the acquisition of CR2 Ltd. on August 27, 2024.
Upcoming Dividend • Jul 10Upcoming dividend of د.م6.80 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (4.4%).
お知らせ • Jun 01Hightech Payment Systems S.A., Annual General Meeting, Jun 28, 2024Hightech Payment Systems S.A., Annual General Meeting, Jun 28, 2024. Location: casablanca Morocco
Reported Earnings • Mar 29Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: د.م13.49 (down from د.م16.64 in FY 2022). Revenue: د.م1.15b (up 15% from FY 2022). Net income: د.م99.9m (down 15% from FY 2022). Profit margin: 8.7% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Price Target Changed • Oct 30Price target decreased by 11% to د.م687Down from د.م770, the current price target is an average from 3 analysts. New target price is 9.9% above last closing price of د.م625. Stock is down 5.0% over the past year. The company is forecast to post earnings per share of د.م19.70 for next year compared to د.م16.64 last year.
New Risk • Jul 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Shareholders have been diluted in the past year (5.3% increase in shares outstanding).
Upcoming Dividend • Jun 28Upcoming dividend of د.م60.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 05 July 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Moroccan dividend payers (4.5%). Lower than average of industry peers (4.5%).
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Board Member Chami Meryem was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Sep 28First half 2022 earnings released: EPS: د.م96.24 (vs د.م52.35 in 1H 2021)First half 2022 results: EPS: د.م96.24 (up from د.م52.35 in 1H 2021). Revenue: د.م479.6m (up 22% from 1H 2021). Net income: د.م67.7m (up 84% from 1H 2021). Profit margin: 14% (up from 9.4% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the IT industry in Africa. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jul 21Upcoming dividend of د.م55.00 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (4.6%).
Board Change • Apr 27Less 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. 2 experienced directors. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Isabel Navarro was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Sep 29First half 2021 earnings released: EPS د.م52.40 (vs د.م70.30 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: د.م392.9m (up 12% from 1H 2020). Net income: د.م36.8m (down 26% from 1H 2020). Profit margin: 9.4% (down from 14% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 09Upcoming dividend of د.م50.00 per shareEligible shareholders must have bought the stock before 16 July 2021. Payment date: 29 July 2021. Trailing yield: 0.8%. Lower than top quartile of Moroccan dividend payers (4.5%). Lower than average of industry peers (5.2%).
Major Estimate Revision • Jun 05Consensus revenue estimates increase to د.م926.0mThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from د.م797.7m to د.م926.0m. EPS estimate increased from د.م140 to د.م161 per share. Net income forecast to grow 48% next year vs 20% growth forecast for IT industry in Morocco. Consensus price target up from د.م6,383 to د.م6,983. Share price rose 9.0% to د.م6,596 over the past week.
Price Target Changed • May 21Price target increased to د.م6,383Up from د.م5,833, the current price target is an average from 3 analysts. New target price is 7.4% above last closing price of د.م5,941. Stock is up 49% over the past year.
Reported Earnings • Mar 25Full year 2020 earnings released: EPS د.م120 (vs د.م133 in FY 2019)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: د.م720.7m (flat on FY 2019). Net income: د.م84.4m (down 10.0% from FY 2019). Profit margin: 12% (down from 13% in FY 2019). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Feb 11New 90-day high: د.م6,730The company is up 29% from its price of د.م5,199 on 13 November 2020. The Moroccan market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,932 per share.
Is New 90 Day High Low • Jan 09New 90-day high: د.م6,685The company is up 39% from its price of د.م4,800 on 08 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,971 per share.
Price Target Changed • Dec 11Price target raised to د.م5,833Up from د.م5,212, the current price target is an average from 3 analysts. The new target price is close to the current share price of د.م5,900. As of last close, the stock is up 59% over the past year.
Is New 90 Day High Low • Dec 04New 90-day high: د.م5,850The company is up 27% from its price of د.م4,600 on 04 September 2020. The Moroccan market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,605 per share.
Is New 90 Day High Low • Nov 10New 90-day high: د.م5,203The company is up 17% from its price of د.م4,450 on 11 August 2020. The Moroccan market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,642 per share.
Is New 90 Day High Low • Oct 22New 90-day high: د.م5,000The company is up 15% from its price of د.م4,350 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 IT industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,704 per share.
Is New 90 Day High Low • Oct 06New 90-day high: د.م4,800The company is up 9.0% from its price of د.م4,399 on 08 July 2020. The Moroccan market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 21% over the same period.
お知らせ • Jul 17Hightech Payment Systems S.A. (CBSE:HPS) signed an agreement to acquire IPRC.Hightech Payment Systems S.A. (CBSE:HPS) signed an agreement to acquire IPRC on July 7, 2020. The acquisition is subject to the usual suspensive clauses.