View ValuationWafa Assurance 将来の成長Future 基準チェック /26Wafa Assurance利益と収益がそれぞれ年間9.8%と21.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に8.4% 9.8%なると予測されています。主要情報9.8%収益成長率9.76%EPS成長率Insurance 収益成長11.6%収益成長率21.3%将来の株主資本利益率8.36%アナリストカバレッジLow最終更新日15 May 2026今後の成長に関する最新情報Price Target Changed • May 16Price target increased by 8.4% to د.م5,537Up from د.م5,109, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م5,600. Stock is up 14% over the past year. The company posted earnings per share of د.م293 last year.Major Estimate Revision • Oct 17Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.م15.8b to د.م16.5b. EPS estimate increased from د.م260 to د.م286 per share. Net income forecast to grow 16% next year vs 13% growth forecast for Insurance industry in Morocco. Consensus price target broadly unchanged at د.م5,120. Share price was steady at د.م5,090 over the past week.Price Target Changed • Apr 21Price target increased by 13% to د.م5,109Up from د.م4,509, the current price target is provided by 1 analyst. New target price is 7.5% above last closing price of د.م4,752. Stock is up 13% over the past year. The company is forecast to post earnings per share of د.م260 for next year compared to د.م244 last year.Major Estimate Revision • Oct 20Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 consensus EPS increased from د.م221 to د.م264. Revenues were reaffirmed at د.م15.6b. Net income forecast to grow 22% next year vs 8.8% growth forecast for Insurance industry in Morocco. Consensus price target up from د.م4,509 to د.م4,792. Share price was steady at د.م4,498 over the past week.Price Target Changed • Apr 14Price target increased by 18% to د.م4,509Up from د.م3,807, the current price target is provided by 1 analyst. New target price is 7.4% above last closing price of د.م4,200. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.م221 for next year compared to د.م192 last year.Price Target Changed • Jul 26Price target decreased to د.م3,441Down from د.م3,735, the current price target is provided by 1 analyst. New target price is 18% below last closing price of د.م4,200. Stock is up 14% over the past year.すべての更新を表示Recent updatesNew Risk • Jun 19New 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 6.5% 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. This is currently the only risk that has been identified for the company.Upcoming Dividend • Jun 11Upcoming dividend of د.م150 per shareEligible shareholders must have bought the stock before 18 June 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Moroccan dividend payers (4.7%). Lower than average of industry peers (3.2%).Price Target Changed • May 16Price target increased by 8.4% to د.م5,537Up from د.م5,109, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م5,600. Stock is up 14% over the past year. The company posted earnings per share of د.م293 last year.Declared Dividend • Apr 23Dividend increased to د.م150Dividend of د.م150 is 7.1% higher than last year. Ex-date: 18th June 2026 Payment date: 29th June 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.お知らせ • Apr 22Wafa Assurance SA, Annual General Meeting, May 19, 2026Wafa Assurance SA, Annual General Meeting, May 19, 2026. Location: casablanca MoroccoMajor Estimate Revision • Oct 17Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.م15.8b to د.م16.5b. EPS estimate increased from د.م260 to د.م286 per share. Net income forecast to grow 16% next year vs 13% growth forecast for Insurance industry in Morocco. Consensus price target broadly unchanged at د.م5,120. Share price was steady at د.م5,090 over the past week.Upcoming Dividend • Jun 10Upcoming dividend of د.م140 per shareEligible shareholders must have bought the stock before 17 June 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Moroccan dividend payers (4.2%). Lower than average of industry peers (3.4%).New Risk • May 19New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • May 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.Declared Dividend • Apr 28Dividend of د.م140 announcedDividend of د.م140 is the same as last year. Ex-date: 17th June 2025 Payment date: 26th June 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 23Wafa Assurance SA, Annual General Meeting, May 20, 2025Wafa Assurance SA, Annual General Meeting, May 20, 2025.Price Target Changed • Apr 21Price target increased by 13% to د.م5,109Up from د.م4,509, the current price target is provided by 1 analyst. New target price is 7.5% above last closing price of د.م4,752. Stock is up 13% over the past year. The company is forecast to post earnings per share of د.م260 for next year compared to د.م244 last year.Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م4,750, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Insurance industry in Africa. Total returns to shareholders of 9.0% over the past three years.Reported Earnings • Apr 01Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: د.م244 (up from د.م192 in FY 2023). Revenue: د.م15.1b (up 5.6% from FY 2023). Net income: د.م853.8m (up 27% from FY 2023). Profit margin: 5.7% (up from 4.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 7.6%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 34% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.New Risk • Mar 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 6.2% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م5,200, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Insurance industry in Africa. Total returns to shareholders of 19% over the past three years.Board Change • Feb 25No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. President of the Board Boubker Jai was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Dec 11Wafa Assurance SA (CBSE:WAA) proposed to acquire Delta Insurance Company (CASE:DEIN) from Egypt Kuwait Holding Company (S.A.E.) (CASE:EKHO) for EGP 5 billion.Wafa Assurance SA (CBSE:WAA) proposed to acquire Delta Insurance Company (CASE:DEIN) from Egypt Kuwait Holding Company (S.A.E.) (CASE:EKHO) for EGP 5 billion on December 8, 2024. Wafa Assurance SA will acquire 100% stake or 100 million shares in Delta Insurance Company at a price of EGP 50 per share through a mandatory purchase offer in accordance with the laws and regulations applicable. The purchase price is subject to adjustments. As part of the mandatory purchase offer, Wafa Assurance SA aims to hold a minimum of 51% in Delta Insurance Company. In a separate agreement, AXA Egypt S.A.E proposed to acquire Delta Insurance Company from Egypt Kuwait Holding Company for EGP 5 billion. The transaction is subject to consummation of due diligence investigation, approval by financial regulatory authority and other relevant regulatory authorities.Major Estimate Revision • Oct 20Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 consensus EPS increased from د.م221 to د.م264. Revenues were reaffirmed at د.م15.6b. Net income forecast to grow 22% next year vs 8.8% growth forecast for Insurance industry in Morocco. Consensus price target up from د.م4,509 to د.م4,792. Share price was steady at د.م4,498 over the past week.Upcoming Dividend • Jun 10Upcoming dividend of د.م140 per shareEligible shareholders must have bought the stock before 17 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Moroccan dividend payers (4.2%). In line with average of industry peers (3.8%).Price Target Changed • Apr 14Price target increased by 18% to د.م4,509Up from د.م3,807, the current price target is provided by 1 analyst. New target price is 7.4% above last closing price of د.م4,200. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.م221 for next year compared to د.م192 last year.お知らせ • Apr 11Wafa Assurance SA, Annual General Meeting, May 15, 2024Wafa Assurance SA, Annual General Meeting, May 15, 2024.Reported Earnings • Mar 31Full year 2023 earnings released: EPS: د.م192 (vs د.م222 in FY 2022)Full year 2023 results: EPS: د.م192 (down from د.م222 in FY 2022). Revenue: د.م14.3b (up 8.3% from FY 2022). Net income: د.م670.5m (down 14% from FY 2022). Profit margin: 4.7% (down from 5.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 27% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year.New Risk • Feb 01New 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 4.9% 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. This is currently the only risk that has been identified for the company.New Risk • Oct 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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.New Risk • Jul 01New 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 5.4% 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. This is currently the only risk that has been identified for the company.Upcoming Dividend • Jun 01Upcoming dividend of د.م130 per share at 3.3% yieldEligible shareholders must have bought the stock before 08 June 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (3.7%).Valuation Update With 7 Day Price Move • Jan 06Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to د.م3,338, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 21x in the Insurance industry in Morocco. Total loss to shareholders of 11% over the past three years.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Director Magali Noe was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improved over the past weekAfter last week's 15% share price gain to د.م4,450, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 22x in the Insurance industry in Morocco. Total returns to shareholders of 31% over the past three years.Upcoming Dividend • Jun 02Upcoming dividend of د.م120 per shareEligible shareholders must have bought the stock before 09 June 2022. Payment date: 20 June 2022. Trailing yield: 2.8%. Lower than top quartile of Moroccan dividend payers (4.3%). Lower than average of industry peers (3.2%).Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Director Magali Noe was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 04First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: د.م5.37b (up 33% from 1H 2020). Net income: د.م362.4m (up د.م553.8m from 1H 2020). Profit margin: 6.7% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue.Price Target Changed • Jul 26Price target decreased to د.م3,441Down from د.م3,735, the current price target is provided by 1 analyst. New target price is 18% below last closing price of د.م4,200. Stock is up 14% over the past year.Upcoming Dividend • May 27Upcoming dividend of د.م100.00 per shareEligible shareholders must have bought the stock before 03 June 2021. Payment date: 14 June 2021. Trailing yield: 2.5%. Lower than top quartile of Moroccan dividend payers (4.9%). In line with average of industry peers (2.7%).Is New 90 Day High Low • Feb 05New 90-day high: د.م4,129The company is up 23% from its price of د.م3,360 on 03 November 2020. The Moroccan market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 9.0% over the same period.Is New 90 Day High Low • Dec 10New 90-day high: د.م3,760The company is up 3.0% from its price of د.م3,650 on 10 September 2020. The Moroccan market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is up 1.0% over the same period.業績と収益の成長予測CBSE:WAA - アナリストの将来予測と過去の財務データ ( )MAD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202821,928N/AN/AN/A112/31/202720,5451,247N/AN/A112/31/202619,2411,108N/AN/A112/31/20259,6731,0264,5945,349N/A9/30/20259,3539774,4404,875N/A6/30/202515,5158594,2894,427N/A3/31/202515,3108563,6133,782N/A12/31/20248,6229232,9333,112N/A9/30/202410,1658653,2793,491N/A6/30/202411,7088083,6263,870N/A3/31/202413,0067393,7123,957N/A12/31/202314,3036703,7984,045N/A9/30/202313,9997223,0993,359N/A6/30/202313,6967732,4012,674N/A3/31/202313,4517742,4542,776N/A12/31/202213,2067762,5072,879N/A9/30/202212,5506892,4792,881N/A6/30/202211,8956022,4522,883N/A3/31/202211,6105132,8703,197N/A12/31/202111,3254243,2893,511N/A9/30/202111,7927223,9144,063N/A6/30/202112,2591,0204,5384,614N/A3/31/202111,3457373,9964,063N/A12/31/202010,4314533,4553,512N/A9/30/20209,003216N/AN/AN/A6/30/20209,218273,1843,189N/A3/31/20209,6243383,5343,540N/A12/31/201910,0306493,8853,892N/A9/30/20199,676636N/AN/AN/A6/30/20199,322623N/A3,113N/A3/31/20199,345616N/A3,252N/A12/31/20189,367608N/A3,391N/A9/30/20189,278640N/AN/AN/A6/30/20189,188672N/A3,018N/A3/31/20189,145745N/A2,971N/A12/31/20179,103819N/A2,924N/A9/30/20179,106855N/A1,092N/A6/30/20179,108891N/A1,350N/A3/31/20178,768866N/A1,883N/A12/31/20168,428841N/A2,417N/A9/30/20168,014837N/AN/AN/A6/30/20167,600834N/A4,262N/A3/31/20167,347817N/A3,423N/A12/31/20157,094800N/A2,584N/A9/30/20157,137820N/AN/AN/A6/30/20157,179839N/A1,906N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: WAAの予測収益成長率 (年間9.8% ) は 貯蓄率 ( 15.1% ) を下回っています。収益対市場: WAAの収益 ( 9.8% ) MA市場 ( 11.1% ) よりも低い成長が予測されています。高成長収益: WAAの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: WAAの収益 ( 21.3% ) MA市場 ( 10.5% ) よりも速いペースで成長すると予測されています。高い収益成長: WAAの収益 ( 21.3% ) 20%よりも速いペースで成長すると予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: WAAの 自己資本利益率 は、3年後には低くなると予測されています ( 8.4 %)。成長企業の発掘7D1Y7D1Y7D1YInsurance 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/28 14:02終値2026/06/22 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Wafa Assurance SA 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。3 アナリスト機関Ranya GnabaAlphaMenaDounia FilaliBmce Capital BourseSophia HakamCFG Marches
Price Target Changed • May 16Price target increased by 8.4% to د.م5,537Up from د.م5,109, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م5,600. Stock is up 14% over the past year. The company posted earnings per share of د.م293 last year.
Major Estimate Revision • Oct 17Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.م15.8b to د.م16.5b. EPS estimate increased from د.م260 to د.م286 per share. Net income forecast to grow 16% next year vs 13% growth forecast for Insurance industry in Morocco. Consensus price target broadly unchanged at د.م5,120. Share price was steady at د.م5,090 over the past week.
Price Target Changed • Apr 21Price target increased by 13% to د.م5,109Up from د.م4,509, the current price target is provided by 1 analyst. New target price is 7.5% above last closing price of د.م4,752. Stock is up 13% over the past year. The company is forecast to post earnings per share of د.م260 for next year compared to د.م244 last year.
Major Estimate Revision • Oct 20Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 consensus EPS increased from د.م221 to د.م264. Revenues were reaffirmed at د.م15.6b. Net income forecast to grow 22% next year vs 8.8% growth forecast for Insurance industry in Morocco. Consensus price target up from د.م4,509 to د.م4,792. Share price was steady at د.م4,498 over the past week.
Price Target Changed • Apr 14Price target increased by 18% to د.م4,509Up from د.م3,807, the current price target is provided by 1 analyst. New target price is 7.4% above last closing price of د.م4,200. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.م221 for next year compared to د.م192 last year.
Price Target Changed • Jul 26Price target decreased to د.م3,441Down from د.م3,735, the current price target is provided by 1 analyst. New target price is 18% below last closing price of د.م4,200. Stock is up 14% over the past year.
New Risk • Jun 19New 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 6.5% 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. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Jun 11Upcoming dividend of د.م150 per shareEligible shareholders must have bought the stock before 18 June 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Moroccan dividend payers (4.7%). Lower than average of industry peers (3.2%).
Price Target Changed • May 16Price target increased by 8.4% to د.م5,537Up from د.م5,109, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م5,600. Stock is up 14% over the past year. The company posted earnings per share of د.م293 last year.
Declared Dividend • Apr 23Dividend increased to د.م150Dividend of د.م150 is 7.1% higher than last year. Ex-date: 18th June 2026 Payment date: 29th June 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.
お知らせ • Apr 22Wafa Assurance SA, Annual General Meeting, May 19, 2026Wafa Assurance SA, Annual General Meeting, May 19, 2026. Location: casablanca Morocco
Major Estimate Revision • Oct 17Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.م15.8b to د.م16.5b. EPS estimate increased from د.م260 to د.م286 per share. Net income forecast to grow 16% next year vs 13% growth forecast for Insurance industry in Morocco. Consensus price target broadly unchanged at د.م5,120. Share price was steady at د.م5,090 over the past week.
Upcoming Dividend • Jun 10Upcoming dividend of د.م140 per shareEligible shareholders must have bought the stock before 17 June 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Moroccan dividend payers (4.2%). Lower than average of industry peers (3.4%).
New Risk • May 19New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • May 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.
Declared Dividend • Apr 28Dividend of د.م140 announcedDividend of د.م140 is the same as last year. Ex-date: 17th June 2025 Payment date: 26th June 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 23Wafa Assurance SA, Annual General Meeting, May 20, 2025Wafa Assurance SA, Annual General Meeting, May 20, 2025.
Price Target Changed • Apr 21Price target increased by 13% to د.م5,109Up from د.م4,509, the current price target is provided by 1 analyst. New target price is 7.5% above last closing price of د.م4,752. Stock is up 13% over the past year. The company is forecast to post earnings per share of د.م260 for next year compared to د.م244 last year.
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م4,750, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Insurance industry in Africa. Total returns to shareholders of 9.0% over the past three years.
Reported Earnings • Apr 01Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: د.م244 (up from د.م192 in FY 2023). Revenue: د.م15.1b (up 5.6% from FY 2023). Net income: د.م853.8m (up 27% from FY 2023). Profit margin: 5.7% (up from 4.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 7.6%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 34% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 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 6.2% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م5,200, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Insurance industry in Africa. Total returns to shareholders of 19% over the past three years.
Board Change • Feb 25No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. President of the Board Boubker Jai was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 11Wafa Assurance SA (CBSE:WAA) proposed to acquire Delta Insurance Company (CASE:DEIN) from Egypt Kuwait Holding Company (S.A.E.) (CASE:EKHO) for EGP 5 billion.Wafa Assurance SA (CBSE:WAA) proposed to acquire Delta Insurance Company (CASE:DEIN) from Egypt Kuwait Holding Company (S.A.E.) (CASE:EKHO) for EGP 5 billion on December 8, 2024. Wafa Assurance SA will acquire 100% stake or 100 million shares in Delta Insurance Company at a price of EGP 50 per share through a mandatory purchase offer in accordance with the laws and regulations applicable. The purchase price is subject to adjustments. As part of the mandatory purchase offer, Wafa Assurance SA aims to hold a minimum of 51% in Delta Insurance Company. In a separate agreement, AXA Egypt S.A.E proposed to acquire Delta Insurance Company from Egypt Kuwait Holding Company for EGP 5 billion. The transaction is subject to consummation of due diligence investigation, approval by financial regulatory authority and other relevant regulatory authorities.
Major Estimate Revision • Oct 20Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 consensus EPS increased from د.م221 to د.م264. Revenues were reaffirmed at د.م15.6b. Net income forecast to grow 22% next year vs 8.8% growth forecast for Insurance industry in Morocco. Consensus price target up from د.م4,509 to د.م4,792. Share price was steady at د.م4,498 over the past week.
Upcoming Dividend • Jun 10Upcoming dividend of د.م140 per shareEligible shareholders must have bought the stock before 17 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Moroccan dividend payers (4.2%). In line with average of industry peers (3.8%).
Price Target Changed • Apr 14Price target increased by 18% to د.م4,509Up from د.م3,807, the current price target is provided by 1 analyst. New target price is 7.4% above last closing price of د.م4,200. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.م221 for next year compared to د.م192 last year.
お知らせ • Apr 11Wafa Assurance SA, Annual General Meeting, May 15, 2024Wafa Assurance SA, Annual General Meeting, May 15, 2024.
Reported Earnings • Mar 31Full year 2023 earnings released: EPS: د.م192 (vs د.م222 in FY 2022)Full year 2023 results: EPS: د.م192 (down from د.م222 in FY 2022). Revenue: د.م14.3b (up 8.3% from FY 2022). Net income: د.م670.5m (down 14% from FY 2022). Profit margin: 4.7% (down from 5.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 27% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year.
New Risk • Feb 01New 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 4.9% 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. This is currently the only risk that has been identified for the company.
New Risk • Oct 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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.
New Risk • Jul 01New 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 5.4% 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. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Jun 01Upcoming dividend of د.م130 per share at 3.3% yieldEligible shareholders must have bought the stock before 08 June 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (3.7%).
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to د.م3,338, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 21x in the Insurance industry in Morocco. Total loss to shareholders of 11% over the past three years.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Director Magali Noe was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improved over the past weekAfter last week's 15% share price gain to د.م4,450, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 22x in the Insurance industry in Morocco. Total returns to shareholders of 31% over the past three years.
Upcoming Dividend • Jun 02Upcoming dividend of د.م120 per shareEligible shareholders must have bought the stock before 09 June 2022. Payment date: 20 June 2022. Trailing yield: 2.8%. Lower than top quartile of Moroccan dividend payers (4.3%). Lower than average of industry peers (3.2%).
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Director Magali Noe was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 04First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: د.م5.37b (up 33% from 1H 2020). Net income: د.م362.4m (up د.م553.8m from 1H 2020). Profit margin: 6.7% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue.
Price Target Changed • Jul 26Price target decreased to د.م3,441Down from د.م3,735, the current price target is provided by 1 analyst. New target price is 18% below last closing price of د.م4,200. Stock is up 14% over the past year.
Upcoming Dividend • May 27Upcoming dividend of د.م100.00 per shareEligible shareholders must have bought the stock before 03 June 2021. Payment date: 14 June 2021. Trailing yield: 2.5%. Lower than top quartile of Moroccan dividend payers (4.9%). In line with average of industry peers (2.7%).
Is New 90 Day High Low • Feb 05New 90-day high: د.م4,129The company is up 23% from its price of د.م3,360 on 03 November 2020. The Moroccan market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 9.0% over the same period.
Is New 90 Day High Low • Dec 10New 90-day high: د.م3,760The company is up 3.0% from its price of د.م3,650 on 10 September 2020. The Moroccan market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is up 1.0% over the same period.