View Future GrowthAFMA 過去の業績過去 基準チェック /36AFMAは、平均年間9.9%の収益成長を遂げていますが、 Insurance業界の収益は、年間 成長しています。収益は、平均年間8.9% 8.8%収益成長率で 成長しています。 AFMAの自己資本利益率は102.7%であり、純利益率は23%です。主要情報9.86%収益成長率9.89%EPS成長率Insurance 業界の成長4.99%収益成長率8.79%株主資本利益率102.73%ネット・マージン22.96%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • May 03Full year 2023 earnings released: EPS: د.م60.00 (vs د.م59.32 in FY 2022)Full year 2023 results: EPS: د.م60.00 (up from د.م59.32 in FY 2022). Revenue: د.م258.8m (up 6.2% from FY 2022). Net income: د.م60.0m (up 1.1% from FY 2022). Profit margin: 23% (down from 24% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 03First half 2022 earnings released: EPS: د.م36.74 (vs د.م33.73 in 1H 2021)First half 2022 results: EPS: د.م36.74 (up from د.م33.73 in 1H 2021). Revenue: د.م134.6m (up 15% from 1H 2021). Net income: د.م36.7m (up 8.9% from 1H 2021). Profit margin: 27% (down from 29% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.Reported Earnings • Oct 05First half earnings releasedOver the last 12 months the company has reported total profits of د.م46.2m, down 13% from the prior year. Total revenue was د.م196.3m over the last 12 months, up 3.0% from the prior year.すべての更新を表示Recent updatesBoard Change • May 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. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. 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 • May 21AFMA S.A., Annual General Meeting, Jun 23, 2026AFMA S.A., Annual General Meeting, Jun 23, 2026. Location: 22 bd moulay youssef, casablanca MoroccoNew Risk • May 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 62% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.New Risk • Mar 15New 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. This is currently the only risk that has been identified for the company.Board Change • Feb 23Less 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. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. 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. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. 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 01New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended June 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported June 2024 fiscal period end). Minor Risks High level of debt (68% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change).Declared Dividend • Aug 22Dividend increased to د.م60.00Dividend of د.م60.00 is 9.1% higher than last year. Ex-date: 8th September 2025 Payment date: 17th September 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has decreased over the past 7 years, but has still been somewhat stable with no excessively large reductions to payments. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • May 09AFMA S.A., Annual General Meeting, Jun 11, 2025AFMA S.A., Annual General Meeting, Jun 11, 2025.New Risk • Apr 18New 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: Minor Risks High level of debt (68% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).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. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. 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. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. 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 • Nov 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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: Minor Risks High level of debt (76% net debt to equity). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end).Upcoming Dividend • Aug 27Upcoming dividend of د.م55.00 per shareEligible shareholders must have bought the stock before 03 September 2024. Payment date: 12 September 2024. Payout ratio and cash payout ratio are on the higher end at 92% and 95% respectively. Trailing yield: 4.4%. Within top quartile of Moroccan dividend payers (4.2%). Higher than average of industry peers (3.8%).お知らせ • May 14AFMA S.A., Annual General Meeting, Jun 11, 2024AFMA S.A., Annual General Meeting, Jun 11, 2024.Reported Earnings • May 03Full year 2023 earnings released: EPS: د.م60.00 (vs د.م59.32 in FY 2022)Full year 2023 results: EPS: د.م60.00 (up from د.م59.32 in FY 2022). Revenue: د.م258.8m (up 6.2% from FY 2022). Net income: د.م60.0m (up 1.1% from FY 2022). Profit margin: 23% (down from 24% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% 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: Minor Risks High level of debt (122% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Upcoming Dividend • Aug 21Upcoming dividend of د.م55.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 06 September 2023. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 4.2%. Lower than top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.6%).Board Change • Nov 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. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezouar was the last independent director to join the board, commencing their role in 2018. 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 2022 earnings released: EPS: د.م36.74 (vs د.م33.73 in 1H 2021)First half 2022 results: EPS: د.م36.74 (up from د.م33.73 in 1H 2021). Revenue: د.م134.6m (up 15% from 1H 2021). Net income: د.م36.7m (up 8.9% from 1H 2021). Profit margin: 27% (down from 29% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.Upcoming Dividend • Jul 05Upcoming dividend of د.م54.00 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 21 July 2022. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 3.9%. Lower than top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.4%).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. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Aug 09Upcoming dividend of د.م47.00 per shareEligible shareholders must have bought the stock before 16 August 2021. Payment date: 26 August 2021. Trailing yield: 3.8%. Lower than top quartile of Moroccan dividend payers (5.0%). Higher than average of industry peers (2.9%).Is New 90 Day High Low • Feb 12New 90-day high: د.م1,163The company is up 14% from its price of د.م1,020 on 13 November 2020. The Moroccan market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 8.0% over the same period.Is New 90 Day High Low • Jan 18New 90-day high: د.م1,132The company is up 9.0% from its price of د.م1,040 on 20 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 14% over the same period.Is New 90 Day High Low • Jan 01New 90-day high: د.م1,116The company is up 11% from its price of د.م1,005 on 02 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Insurance industry, which is also up 11% over the same period.Is New 90 Day High Low • Dec 15New 90-day high: د.م1,050The company is up 4.0% from its price of د.م1,005 on 15 September 2020. The Moroccan market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 6.0% over the same period.Is New 90 Day High Low • Oct 06New 90-day high: د.م1,045The company is up 4.0% from its price of د.م1,004 on 08 July 2020. The Moroccan market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 1.0% over the same period.Reported Earnings • Oct 05First half earnings releasedOver the last 12 months the company has reported total profits of د.م46.2m, down 13% from the prior year. Total revenue was د.م196.3m over the last 12 months, up 3.0% from the prior year.収支内訳AFMA 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:AFM 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 25316730030 Sep 25311750030 Jun 25305770031 Mar 25295750031 Dec 24286720030 Sep 24280691030 Jun 24274661031 Mar 24266631031 Dec 23259601030 Sep 23256621030 Jun 23253631031 Mar 23248611031 Dec 22244591030 Sep 22242601030 Jun 22239611031 Mar 22231591031 Dec 21222581030 Sep 21214511030 Jun 21207451031 Mar 21205441031 Dec 20204431030 Sep 20200441030 Jun 20196461031 Mar 20195481031 Dec 19194501030 Sep 19192527030 Jun 191915312031 Mar 191895112031 Dec 181875012030 Sep 18188526030 Jun 18188540031 Mar 18186560031 Dec 17183590030 Sep 17183590030 Jun 17184590031 Mar 17182580031 Dec 16180570030 Sep 1618157-6030 Jun 16182580031 Mar 16180570031 Dec 15178550030 Sep 15176574030 Jun 1517358120質の高い収益: AFMは 高品質の収益 を持っています。利益率の向上: AFMの現在の純利益率 (23%)は、昨年(25.3%)よりも低くなっています。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: AFMの収益は過去 5 年間で年間9.9%増加しました。成長の加速: AFMの過去 1 年間の収益成長率 ( 0.4% ) は、5 年間の平均 ( 年間9.9%を下回っています。収益対業界: AFMの過去 1 年間の収益成長率 ( 0.4% ) Insurance業界7%を上回りませんでした。株主資本利益率高いROE: AFMの 自己資本利益率 ( 102.7% ) は 傑出している と考えられます。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7D1Y7D1Y7D1YInsurance 、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2026/06/22 12:19終値2026/06/16 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AFMA S.A. 0 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。0
Reported Earnings • May 03Full year 2023 earnings released: EPS: د.م60.00 (vs د.م59.32 in FY 2022)Full year 2023 results: EPS: د.م60.00 (up from د.م59.32 in FY 2022). Revenue: د.م258.8m (up 6.2% from FY 2022). Net income: د.م60.0m (up 1.1% from FY 2022). Profit margin: 23% (down from 24% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 03First half 2022 earnings released: EPS: د.م36.74 (vs د.م33.73 in 1H 2021)First half 2022 results: EPS: د.م36.74 (up from د.م33.73 in 1H 2021). Revenue: د.م134.6m (up 15% from 1H 2021). Net income: د.م36.7m (up 8.9% from 1H 2021). Profit margin: 27% (down from 29% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.
Reported Earnings • Oct 05First half earnings releasedOver the last 12 months the company has reported total profits of د.م46.2m, down 13% from the prior year. Total revenue was د.م196.3m over the last 12 months, up 3.0% from the prior year.
Board Change • May 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. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. 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 • May 21AFMA S.A., Annual General Meeting, Jun 23, 2026AFMA S.A., Annual General Meeting, Jun 23, 2026. Location: 22 bd moulay youssef, casablanca Morocco
New Risk • May 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 62% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.
New Risk • Mar 15New 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. This is currently the only risk that has been identified for the company.
Board Change • Feb 23Less 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. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. 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. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. 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 01New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended June 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported June 2024 fiscal period end). Minor Risks High level of debt (68% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change).
Declared Dividend • Aug 22Dividend increased to د.م60.00Dividend of د.م60.00 is 9.1% higher than last year. Ex-date: 8th September 2025 Payment date: 17th September 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.5%. Sustainability & Growth The dividend has decreased over the past 7 years, but has still been somewhat stable with no excessively large reductions to payments. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • May 09AFMA S.A., Annual General Meeting, Jun 11, 2025AFMA S.A., Annual General Meeting, Jun 11, 2025.
New Risk • Apr 18New 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: Minor Risks High level of debt (68% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).
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. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. 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. 1 experienced director. 8 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezzouar was the last independent director to join the board, commencing their role in 2018. 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 • Nov 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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: Minor Risks High level of debt (76% net debt to equity). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end).
Upcoming Dividend • Aug 27Upcoming dividend of د.م55.00 per shareEligible shareholders must have bought the stock before 03 September 2024. Payment date: 12 September 2024. Payout ratio and cash payout ratio are on the higher end at 92% and 95% respectively. Trailing yield: 4.4%. Within top quartile of Moroccan dividend payers (4.2%). Higher than average of industry peers (3.8%).
お知らせ • May 14AFMA S.A., Annual General Meeting, Jun 11, 2024AFMA S.A., Annual General Meeting, Jun 11, 2024.
Reported Earnings • May 03Full year 2023 earnings released: EPS: د.م60.00 (vs د.م59.32 in FY 2022)Full year 2023 results: EPS: د.م60.00 (up from د.م59.32 in FY 2022). Revenue: د.م258.8m (up 6.2% from FY 2022). Net income: د.م60.0m (up 1.1% from FY 2022). Profit margin: 23% (down from 24% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% 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: Minor Risks High level of debt (122% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Upcoming Dividend • Aug 21Upcoming dividend of د.م55.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 06 September 2023. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 4.2%. Lower than top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.6%).
Board Change • Nov 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. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezouar was the last independent director to join the board, commencing their role in 2018. 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 2022 earnings released: EPS: د.م36.74 (vs د.م33.73 in 1H 2021)First half 2022 results: EPS: د.م36.74 (up from د.م33.73 in 1H 2021). Revenue: د.م134.6m (up 15% from 1H 2021). Net income: د.م36.7m (up 8.9% from 1H 2021). Profit margin: 27% (down from 29% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.
Upcoming Dividend • Jul 05Upcoming dividend of د.م54.00 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 21 July 2022. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 3.9%. Lower than top quartile of Moroccan dividend payers (4.4%). Higher than average of industry peers (3.4%).
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. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Salaheddine Mezouar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Aug 09Upcoming dividend of د.م47.00 per shareEligible shareholders must have bought the stock before 16 August 2021. Payment date: 26 August 2021. Trailing yield: 3.8%. Lower than top quartile of Moroccan dividend payers (5.0%). Higher than average of industry peers (2.9%).
Is New 90 Day High Low • Feb 12New 90-day high: د.م1,163The company is up 14% from its price of د.م1,020 on 13 November 2020. The Moroccan market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 8.0% over the same period.
Is New 90 Day High Low • Jan 18New 90-day high: د.م1,132The company is up 9.0% from its price of د.م1,040 on 20 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 14% over the same period.
Is New 90 Day High Low • Jan 01New 90-day high: د.م1,116The company is up 11% from its price of د.م1,005 on 02 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Insurance industry, which is also up 11% over the same period.
Is New 90 Day High Low • Dec 15New 90-day high: د.م1,050The company is up 4.0% from its price of د.م1,005 on 15 September 2020. The Moroccan market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Oct 06New 90-day high: د.م1,045The company is up 4.0% from its price of د.م1,004 on 08 July 2020. The Moroccan market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 1.0% over the same period.
Reported Earnings • Oct 05First half earnings releasedOver the last 12 months the company has reported total profits of د.م46.2m, down 13% from the prior year. Total revenue was د.م196.3m over the last 12 months, up 3.0% from the prior year.