View ValuationTAQA Morocco 将来の成長Future 基準チェック /16TAQA Morocco利益と収益がそれぞれ年間11.6%と3.7%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19% 10.5%なると予測されています。主要情報11.6%収益成長率10.45%EPS成長率Renewable Energy 収益成長12.6%収益成長率3.7%将来の株主資本利益率19.00%アナリストカバレッジLow最終更新日13 Apr 2026今後の成長に関する最新情報Price Target Changed • Apr 13Price target decreased by 18% to د.م2,000Down from د.م2,436, the current price target is provided by 1 analyst. New target price is 7.0% above last closing price of د.م1,870. Stock is down 4.3% over the past year. The company is forecast to post earnings per share of د.م49.40 for next year compared to د.م41.58 last year.Major Estimate Revision • Mar 25Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from د.م11.8b to د.م10.6b. EPS estimate fell from د.م49.00 to د.م46.50 per share. Net income forecast to grow 4.3% next year vs 16% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,195 to د.م1,778. Share price rose 22% to د.م2,100 over the past week.Price Target Changed • Mar 24Price target increased by 45% to د.م1,778Up from د.م1,222, the current price target is provided by 1 analyst. New target price is 15% below last closing price of د.م2,100. Stock is up 75% over the past year. The company is forecast to post earnings per share of د.م46.50 for next year compared to د.م44.63 last year.Price Target Changed • Mar 12Price target increased by 7.1% to د.م1,145Up from د.م1,069, the current price target is provided by 1 analyst. New target price is 6.1% below last closing price of د.م1,220. Stock is up 28% over the past year. The company is forecast to post earnings per share of د.م45.80 for next year compared to د.م43.98 last year.Price Target Changed • May 15Price target decreased by 14% to د.م1,060Down from د.م1,227, the current price target is provided by 1 analyst. New target price is 6.1% above last closing price of د.م999. Stock is down 9.2% over the past year. The company is forecast to post earnings per share of د.م59.10 for next year compared to د.م55.23 last year.Price Target Changed • Mar 01Price target decreased by 7.3% to د.م1,160Down from د.م1,251, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.م999. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of د.م57.00 for next year compared to د.م42.60 last year.すべての更新を表示Recent updatesお知らせ • Apr 27TAQA Morocco S.A., Annual General Meeting, May 26, 2026TAQA Morocco S.A., Annual General Meeting, May 26, 2026. Location: casablanca MoroccoPrice Target Changed • Apr 13Price target decreased by 18% to د.م2,000Down from د.م2,436, the current price target is provided by 1 analyst. New target price is 7.0% above last closing price of د.م1,870. Stock is down 4.3% over the past year. The company is forecast to post earnings per share of د.م49.40 for next year compared to د.م41.58 last year.Reported Earnings • Mar 31Full year 2025 earnings released: EPS: د.م41.58 (vs د.م44.63 in FY 2024)Full year 2025 results: EPS: د.م41.58 (down from د.م44.63 in FY 2024). Revenue: د.م10.7b (down 1.6% from FY 2024). Net income: د.م980.7m (down 6.8% from FY 2024). Profit margin: 9.2% (in line with FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.م1,631, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 85% over the past three years.お知らせ • Feb 18TAQA Morocco S.A. to Report Q3, 2026 Results on Nov 12, 2026TAQA Morocco S.A. announced that they will report Q3, 2026 results on Nov 12, 2026お知らせ • Feb 14+ 3 more updatesTAQA Morocco S.A. to Report Q1, 2026 Results on May 26, 2026TAQA Morocco S.A. announced that they will report Q1, 2026 results on May 26, 2026Valuation Update With 7 Day Price Move • Oct 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.م2,250, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 116% over the past three years.Reported Earnings • Sep 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: د.م2.44b (down 9.4% from 2Q 2024). Net income: د.م150.9m (down 38% from 2Q 2024). Profit margin: 6.2% (down from 9.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 09Upcoming dividend of د.م37.00 per shareEligible shareholders must have bought the stock before 16 September 2025. Payment date: 25 September 2025. Payout ratio and cash payout ratio are on the higher end at 83% and 79% respectively. Trailing yield: 1.3%. Lower than top quartile of Moroccan dividend payers (4.0%). Lower than average of industry peers (2.8%).Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.م3,164, the stock trades at a forward P/E ratio of 68x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 221% over the past three years.お知らせ • May 06TAQA Morocco S.A. announces Annual dividend, payable on September 26, 2025TAQA Morocco S.A. announced Annual dividend of MAD 37.0000 per share payable on September 26, 2025, ex-date on September 17, 2025 and record date on September 16, 2025.New Risk • May 04New 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 8.2% 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.2% average weekly change).お知らせ • Apr 23TAQA Morocco S.A., Annual General Meeting, May 23, 2025TAQA Morocco S.A., Annual General Meeting, May 23, 2025.Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.م2,248, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 114% over the past three years.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.م1,960, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 101% over the past three years.New Risk • Mar 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).Major Estimate Revision • Mar 25Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from د.م11.8b to د.م10.6b. EPS estimate fell from د.م49.00 to د.م46.50 per share. Net income forecast to grow 4.3% next year vs 16% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,195 to د.م1,778. Share price rose 22% to د.م2,100 over the past week.Price Target Changed • Mar 24Price target increased by 45% to د.م1,778Up from د.م1,222, the current price target is provided by 1 analyst. New target price is 15% below last closing price of د.م2,100. Stock is up 75% over the past year. The company is forecast to post earnings per share of د.م46.50 for next year compared to د.م44.63 last year.Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م1,898, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 95% over the past three years.Reported Earnings • Mar 12Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: د.م44.63 (up from د.م43.98 in FY 2023). Revenue: د.م10.9b (down 17% from FY 2023). Net income: د.م1.05b (up 1.5% from FY 2023). Profit margin: 9.7% (up from 7.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Global Renewable Energy industry. 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 17% per year, which means it is well ahead of earnings.お知らせ • Mar 08TAQA Morocco S.A. to Report Q3, 2025 Results on Nov 14, 2025TAQA Morocco S.A. announced that they will report Q3, 2025 results on Nov 14, 2025お知らせ • Feb 14+ 4 more updatesTAQA Morocco S.A. to Report Fiscal Year 2024 Final Results on Apr 30, 2025TAQA Morocco S.A. announced that they will report fiscal year 2024 final results on Apr 30, 2025Reported Earnings • Sep 15Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: د.م2.70b (down 20% from 2Q 2023). Net income: د.م242.0m (up 13% from 2Q 2023). Profit margin: 9.0% (up from 6.4% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Global Renewable Energy industry.Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: د.م12.04. Revenue: د.م2.96b (down 28% from 1Q 2023). Net income: د.م284.0m (up 17% from 1Q 2023). Profit margin: 9.6% (up from 5.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Global Renewable Energy industry. 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.お知らせ • May 01TAQA Morocco S.A. to Report Q3, 2024 Results on Nov 12, 2024TAQA Morocco S.A. announced that they will report Q3, 2024 results on Nov 12, 2024Price Target Changed • Mar 12Price target increased by 7.1% to د.م1,145Up from د.م1,069, the current price target is provided by 1 analyst. New target price is 6.1% below last closing price of د.م1,220. Stock is up 28% over the past year. The company is forecast to post earnings per share of د.م45.80 for next year compared to د.م43.98 last year.New Risk • Mar 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risks High level of debt (95% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: د.م43.98 (vs د.م55.23 in FY 2022)Full year 2023 results: EPS: د.م43.98 (down from د.م55.23 in FY 2022). Revenue: د.م13.2b (down 3.0% from FY 2022). Net income: د.م1.04b (down 20% from FY 2022). Profit margin: 7.9% (down from 9.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year.お知らせ • Feb 07+ 4 more updatesTAQA Morocco S.A. to Report Q2, 2024 Results on Sep 13, 2024TAQA Morocco S.A. announced that they will report Q2, 2024 results on Sep 13, 2024Reported Earnings • Sep 19First quarter 2023 earnings releasedFirst quarter 2023 results: EPS: د.م10.30. Revenue: د.م4.09b (up 54% from 1Q 2022). Net income: د.م243.0m (down 13% from 1Q 2022). Profit margin: 5.9% (down from 11% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 9.3% growth forecast for the Global Renewable Energy industry.お知らせ • Sep 15TAQA Morocco S.A. to Report Q3, 2023 Results on Nov 10, 2023TAQA Morocco S.A. announced that they will report Q3, 2023 results on Nov 10, 2023お知らせ • Sep 08TAQA Morocco S.A. to Report Q2, 2023 Results on Sep 15, 2023TAQA Morocco S.A. announced that they will report Q2, 2023 results on Sep 15, 2023New Risk • Sep 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks High level of debt (88% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).Upcoming Dividend • Sep 06Upcoming dividend of د.م35.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Moroccan dividend payers (4.5%). In line with average of industry peers (3.3%).New Risk • Jul 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 5.2% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (88% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change).Price Target Changed • May 15Price target decreased by 14% to د.م1,060Down from د.م1,227, the current price target is provided by 1 analyst. New target price is 6.1% above last closing price of د.م999. Stock is down 9.2% over the past year. The company is forecast to post earnings per share of د.م59.10 for next year compared to د.م55.23 last year.お知らせ • May 09TAQA Morocco S.A. to Report Q1, 2023 Results on May 15, 2023TAQA Morocco S.A. announced that they will report Q1, 2023 results on May 15, 2023Reported Earnings • Mar 03Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: د.م55.23 (up from د.م42.60 in FY 2021). Revenue: د.م13.6b (up 75% from FY 2021). Net income: د.م1.30b (up 30% from FY 2021). Profit margin: 9.6% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year.Price Target Changed • Mar 01Price target decreased by 7.3% to د.م1,160Down from د.م1,251, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.م999. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of د.م57.00 for next year compared to د.م42.60 last year.Buying Opportunity • Feb 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be د.م1,179, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to د.م1,000, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Renewable Energy industry globally. Total returns to shareholders of 23% over the past three years.Buying Opportunity • Dec 30Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 3.7%. The fair value is estimated to be د.م1,376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.Major Estimate Revision • Dec 06Consensus revenue estimates increase by 61%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from د.م8.00b to د.م12.8b. EPS estimate increased from د.م46.60 to د.م57.00 per share. Net income forecast to grow 17% next year vs 31% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,159 to د.م1,251. Share price was steady at د.م1,099 over the past week.Price Target Changed • Dec 05Price target increased to د.م1,251Up from د.م1,150, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.م1,080. Stock is down 1.8% over the past year. The company is forecast to post earnings per share of د.م46.60 for next year compared to د.م42.60 last year.Buying Opportunity • Nov 25Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be د.م1,311, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be د.م1,279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.Buying Opportunity • Oct 04Now 21% undervaluedOver the last 90 days, the stock is up 6.1%. The fair value is estimated to be د.م1,410, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.Reported Earnings • Sep 19Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: د.م3.27b (up 110% from 2Q 2021). Net income: د.م325.1m (up 52% from 2Q 2021). Profit margin: 9.9% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 6.5% p.a. on average during the next 3 years, while revenues in the Global Renewable Energy industry are expected to grow by 7.6%.Upcoming Dividend • Sep 07Upcoming dividend of د.م35.00 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 23 September 2022. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Moroccan dividend payers (4.5%). In line with average of industry peers (3.2%).Buying Opportunity • Jul 25Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.2%. The fair value is estimated to be د.م1,410, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 4.2% in 2 years. Earnings is forecast to grow by 12% in the next 2 years.Buying Opportunity • Jun 23Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.2%. The fair value is estimated to be د.م1,304, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 4.2% in 2 years. Earnings is forecast to grow by 12% in the next 2 years.Reported Earnings • Jun 01First quarter 2022 earnings released: EPS: د.م11.87 (vs د.م9.40 in 1Q 2021)First quarter 2022 results: EPS: د.م11.87 (up from د.م9.40 in 1Q 2021). Revenue: د.م2.66b (up 53% from 1Q 2021). Net income: د.م280.0m (up 26% from 1Q 2021). Profit margin: 11% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 6.1% compared to a 308% growth forecast for the industry in Morocco.Price Target Changed • Apr 27Price target increased to د.م1,150Up from د.م979, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م1,120. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.م46.60 for next year compared to د.م42.60 last year.お知らせ • Jan 28+ 6 more updatesTAQA Morocco S.A. to Report Q2, 2022 Results on Aug 25, 2022TAQA Morocco S.A. announced that they will report Q2, 2022 results on Aug 25, 2022Price Target Changed • Nov 02Price target decreased to د.م979Down from د.م1,082, the current price target is provided by 1 analyst. New target price is 11% below last closing price of د.م1,100. Stock is up 20% over the past year. The company posted earnings per share of د.م37.31 last year.Price Target Changed • Nov 02Price target decreased to د.م979Down from د.م1,082, the current price target is provided by 1 analyst. New target price is 11% below last closing price of د.م1,100. Stock is up 20% over the past year. The company posted earnings per share of د.م37.31 last year.Reported Earnings • Sep 22First half 2021 earnings released: EPS د.م18.80 (vs د.م18.17 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: د.م3.46b (down 14% from 1H 2020). Net income: د.م443.6m (up 3.5% from 1H 2020). Profit margin: 13% (up from 11% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 02Upcoming dividend of د.م35.00 per shareEligible shareholders must have bought the stock before 07 July 2021. Payment date: 16 July 2021. Trailing yield: 3.4%. Lower than top quartile of Moroccan dividend payers (4.8%). In line with average of industry peers (3.5%).Major Estimate Revision • Jun 11Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from د.م8.35b to د.م8.03b. EPS estimate rose from د.م38.20 to د.م44.40. Net income forecast to grow 19% next year vs 18% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,040 to د.م1,082. Share price was steady at د.م1,040 over the past week.Reported Earnings • Mar 18Full year 2020 earnings released: EPS د.م37.31 (vs د.م44.69 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: د.م7.79b (down 15% from FY 2019). Net income: د.م880.2m (down 17% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat.お知らせ • Mar 10+ 5 more updatesTAQA Morocco S.A. to Report Q3, 2021 Results on Nov 12, 2021TAQA Morocco S.A. announced that they will report Q3, 2021 results on Nov 12, 2021Is New 90 Day High Low • Nov 06New 90-day high: د.م939The company is up 6.0% from its price of د.م885 on 07 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 Renewable Energy industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م755 per share.Is New 90 Day High Low • Oct 09New 90-day high: د.م891The company is up 1.0% from its price of د.م885 on 10 July 2020. The Moroccan market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Renewable Energy industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م677 per share.Reported Earnings • Sep 22First half earnings releasedOver the last 12 months the company has reported total profits of د.م975.5m, down 3.8% from the prior year. Total revenue was د.م8.62b over the last 12 months, down 2.7% from the prior year.業績と収益の成長予測CBSE:TQM - 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12/31/202811,9711,427N/AN/A112/31/202711,2681,2145922,858112/31/202611,0951,1669582,612112/31/202510,6389811,6471,813N/A9/30/202510,6229721,7892,063N/A6/30/202510,6069641,9312,313N/A3/31/202510,8621,055N/AN/AN/A12/31/202410,8781,0531,1121,404N/A9/30/202411,1361,0791,1431,459N/A6/30/202411,3941,1051,1741,514N/A3/31/202412,0601,078N/AN/AN/A12/31/202313,1911,0372,2982,626N/A9/30/202314,1681,0972,5672,808N/A6/30/202315,1461,1562,8362,990N/A3/31/202315,0361,266N/AN/AN/A12/31/202213,6041,3032,0192,261N/A9/30/202211,9291,2351,6391,827N/A6/30/202210,2541,1661,2581,393N/A3/31/20228,5581,056N/AN/AN/A12/31/20217,8121,0051,7411,955N/A9/30/20217,5259501,9812,259N/A6/30/20217,2378952,2202,562N/A3/31/20217,693895N/AN/AN/A12/31/20207,7898803742,262N/A9/30/20208,2069283152,164N/A6/30/20208,6229752572,067N/A3/31/20208,8701,0151,1072,069N/A12/31/20199,1181,0541,9582,070N/A9/30/20198,9851,034N/A2,120N/A6/30/20198,8521,013N/A2,170N/A3/31/20198,6811,031N/A2,171N/A12/31/20188,5111,049N/A2,172N/A9/30/20188,3461,035N/AN/AN/A6/30/20188,1811,021N/AN/AN/A3/31/20188,1321,017N/AN/AN/A12/31/20178,0821,014N/A2,217N/A9/30/20178,0761,031N/AN/AN/A6/30/20178,0691,047N/AN/AN/A3/31/20178,0591,013N/AN/AN/A12/31/20168,049978N/A2,323N/A9/30/20168,317983N/AN/AN/A6/30/20168,584988N/AN/AN/A3/31/20168,736977N/AN/AN/A12/31/20158,888966N/A2,818N/A9/30/20158,702912N/AN/AN/A6/30/20158,622859N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: TQMの予測収益成長率 (年間11.6% ) は 貯蓄率 ( 15.1% ) を下回っています。収益対市場: TQMの収益 ( 11.6% ) はMA市場 ( 11.1% ) よりも速いペースで成長すると予測されています。高成長収益: TQM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: TQMの収益 ( 3.7% ) MA市場 ( 10.5% ) よりも低い成長が予測されています。高い収益成長: TQMの収益 ( 3.7% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: TQMの 自己資本利益率 は、3年後には低くなると予測されています ( 19 %)。成長企業の発掘7D1Y7D1Y7D1YUtilities 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2026/05/21 19:07終値2026/05/21 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋TAQA Morocco S.A. 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Kais KriaaAlphaMenaSalma KharbachiAlphaMenaDounia FilaliBmce Capital Bourse
Price Target Changed • Apr 13Price target decreased by 18% to د.م2,000Down from د.م2,436, the current price target is provided by 1 analyst. New target price is 7.0% above last closing price of د.م1,870. Stock is down 4.3% over the past year. The company is forecast to post earnings per share of د.م49.40 for next year compared to د.م41.58 last year.
Major Estimate Revision • Mar 25Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from د.م11.8b to د.م10.6b. EPS estimate fell from د.م49.00 to د.م46.50 per share. Net income forecast to grow 4.3% next year vs 16% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,195 to د.م1,778. Share price rose 22% to د.م2,100 over the past week.
Price Target Changed • Mar 24Price target increased by 45% to د.م1,778Up from د.م1,222, the current price target is provided by 1 analyst. New target price is 15% below last closing price of د.م2,100. Stock is up 75% over the past year. The company is forecast to post earnings per share of د.م46.50 for next year compared to د.م44.63 last year.
Price Target Changed • Mar 12Price target increased by 7.1% to د.م1,145Up from د.م1,069, the current price target is provided by 1 analyst. New target price is 6.1% below last closing price of د.م1,220. Stock is up 28% over the past year. The company is forecast to post earnings per share of د.م45.80 for next year compared to د.م43.98 last year.
Price Target Changed • May 15Price target decreased by 14% to د.م1,060Down from د.م1,227, the current price target is provided by 1 analyst. New target price is 6.1% above last closing price of د.م999. Stock is down 9.2% over the past year. The company is forecast to post earnings per share of د.م59.10 for next year compared to د.م55.23 last year.
Price Target Changed • Mar 01Price target decreased by 7.3% to د.م1,160Down from د.م1,251, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.م999. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of د.م57.00 for next year compared to د.م42.60 last year.
お知らせ • Apr 27TAQA Morocco S.A., Annual General Meeting, May 26, 2026TAQA Morocco S.A., Annual General Meeting, May 26, 2026. Location: casablanca Morocco
Price Target Changed • Apr 13Price target decreased by 18% to د.م2,000Down from د.م2,436, the current price target is provided by 1 analyst. New target price is 7.0% above last closing price of د.م1,870. Stock is down 4.3% over the past year. The company is forecast to post earnings per share of د.م49.40 for next year compared to د.م41.58 last year.
Reported Earnings • Mar 31Full year 2025 earnings released: EPS: د.م41.58 (vs د.م44.63 in FY 2024)Full year 2025 results: EPS: د.م41.58 (down from د.م44.63 in FY 2024). Revenue: د.م10.7b (down 1.6% from FY 2024). Net income: د.م980.7m (down 6.8% from FY 2024). Profit margin: 9.2% (in line with FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.م1,631, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 85% over the past three years.
お知らせ • Feb 18TAQA Morocco S.A. to Report Q3, 2026 Results on Nov 12, 2026TAQA Morocco S.A. announced that they will report Q3, 2026 results on Nov 12, 2026
お知らせ • Feb 14+ 3 more updatesTAQA Morocco S.A. to Report Q1, 2026 Results on May 26, 2026TAQA Morocco S.A. announced that they will report Q1, 2026 results on May 26, 2026
Valuation Update With 7 Day Price Move • Oct 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.م2,250, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 116% over the past three years.
Reported Earnings • Sep 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: د.م2.44b (down 9.4% from 2Q 2024). Net income: د.م150.9m (down 38% from 2Q 2024). Profit margin: 6.2% (down from 9.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 09Upcoming dividend of د.م37.00 per shareEligible shareholders must have bought the stock before 16 September 2025. Payment date: 25 September 2025. Payout ratio and cash payout ratio are on the higher end at 83% and 79% respectively. Trailing yield: 1.3%. Lower than top quartile of Moroccan dividend payers (4.0%). Lower than average of industry peers (2.8%).
Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.م3,164, the stock trades at a forward P/E ratio of 68x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 221% over the past three years.
お知らせ • May 06TAQA Morocco S.A. announces Annual dividend, payable on September 26, 2025TAQA Morocco S.A. announced Annual dividend of MAD 37.0000 per share payable on September 26, 2025, ex-date on September 17, 2025 and record date on September 16, 2025.
New Risk • May 04New 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 8.2% 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.2% average weekly change).
お知らせ • Apr 23TAQA Morocco S.A., Annual General Meeting, May 23, 2025TAQA Morocco S.A., Annual General Meeting, May 23, 2025.
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.م2,248, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 114% over the past three years.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.م1,960, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 101% over the past three years.
New Risk • Mar 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).
Major Estimate Revision • Mar 25Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from د.م11.8b to د.م10.6b. EPS estimate fell from د.م49.00 to د.م46.50 per share. Net income forecast to grow 4.3% next year vs 16% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,195 to د.م1,778. Share price rose 22% to د.م2,100 over the past week.
Price Target Changed • Mar 24Price target increased by 45% to د.م1,778Up from د.م1,222, the current price target is provided by 1 analyst. New target price is 15% below last closing price of د.م2,100. Stock is up 75% over the past year. The company is forecast to post earnings per share of د.م46.50 for next year compared to د.م44.63 last year.
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م1,898, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 95% over the past three years.
Reported Earnings • Mar 12Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: د.م44.63 (up from د.م43.98 in FY 2023). Revenue: د.م10.9b (down 17% from FY 2023). Net income: د.م1.05b (up 1.5% from FY 2023). Profit margin: 9.7% (up from 7.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Global Renewable Energy industry. 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 17% per year, which means it is well ahead of earnings.
お知らせ • Mar 08TAQA Morocco S.A. to Report Q3, 2025 Results on Nov 14, 2025TAQA Morocco S.A. announced that they will report Q3, 2025 results on Nov 14, 2025
お知らせ • Feb 14+ 4 more updatesTAQA Morocco S.A. to Report Fiscal Year 2024 Final Results on Apr 30, 2025TAQA Morocco S.A. announced that they will report fiscal year 2024 final results on Apr 30, 2025
Reported Earnings • Sep 15Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: د.م2.70b (down 20% from 2Q 2023). Net income: د.م242.0m (up 13% from 2Q 2023). Profit margin: 9.0% (up from 6.4% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Global Renewable Energy industry.
Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: د.م12.04. Revenue: د.م2.96b (down 28% from 1Q 2023). Net income: د.م284.0m (up 17% from 1Q 2023). Profit margin: 9.6% (up from 5.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Global Renewable Energy industry. 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.
お知らせ • May 01TAQA Morocco S.A. to Report Q3, 2024 Results on Nov 12, 2024TAQA Morocco S.A. announced that they will report Q3, 2024 results on Nov 12, 2024
Price Target Changed • Mar 12Price target increased by 7.1% to د.م1,145Up from د.م1,069, the current price target is provided by 1 analyst. New target price is 6.1% below last closing price of د.م1,220. Stock is up 28% over the past year. The company is forecast to post earnings per share of د.م45.80 for next year compared to د.م43.98 last year.
New Risk • Mar 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risks High level of debt (95% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: د.م43.98 (vs د.م55.23 in FY 2022)Full year 2023 results: EPS: د.م43.98 (down from د.م55.23 in FY 2022). Revenue: د.م13.2b (down 3.0% from FY 2022). Net income: د.م1.04b (down 20% from FY 2022). Profit margin: 7.9% (down from 9.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year.
お知らせ • Feb 07+ 4 more updatesTAQA Morocco S.A. to Report Q2, 2024 Results on Sep 13, 2024TAQA Morocco S.A. announced that they will report Q2, 2024 results on Sep 13, 2024
Reported Earnings • Sep 19First quarter 2023 earnings releasedFirst quarter 2023 results: EPS: د.م10.30. Revenue: د.م4.09b (up 54% from 1Q 2022). Net income: د.م243.0m (down 13% from 1Q 2022). Profit margin: 5.9% (down from 11% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 9.3% growth forecast for the Global Renewable Energy industry.
お知らせ • Sep 15TAQA Morocco S.A. to Report Q3, 2023 Results on Nov 10, 2023TAQA Morocco S.A. announced that they will report Q3, 2023 results on Nov 10, 2023
お知らせ • Sep 08TAQA Morocco S.A. to Report Q2, 2023 Results on Sep 15, 2023TAQA Morocco S.A. announced that they will report Q2, 2023 results on Sep 15, 2023
New Risk • Sep 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks High level of debt (88% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).
Upcoming Dividend • Sep 06Upcoming dividend of د.م35.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Moroccan dividend payers (4.5%). In line with average of industry peers (3.3%).
New Risk • Jul 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 5.2% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (88% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change).
Price Target Changed • May 15Price target decreased by 14% to د.م1,060Down from د.م1,227, the current price target is provided by 1 analyst. New target price is 6.1% above last closing price of د.م999. Stock is down 9.2% over the past year. The company is forecast to post earnings per share of د.م59.10 for next year compared to د.م55.23 last year.
お知らせ • May 09TAQA Morocco S.A. to Report Q1, 2023 Results on May 15, 2023TAQA Morocco S.A. announced that they will report Q1, 2023 results on May 15, 2023
Reported Earnings • Mar 03Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: د.م55.23 (up from د.م42.60 in FY 2021). Revenue: د.م13.6b (up 75% from FY 2021). Net income: د.م1.30b (up 30% from FY 2021). Profit margin: 9.6% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year.
Price Target Changed • Mar 01Price target decreased by 7.3% to د.م1,160Down from د.م1,251, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.م999. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of د.م57.00 for next year compared to د.م42.60 last year.
Buying Opportunity • Feb 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be د.م1,179, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to د.م1,000, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Renewable Energy industry globally. Total returns to shareholders of 23% over the past three years.
Buying Opportunity • Dec 30Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 3.7%. The fair value is estimated to be د.م1,376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.
Major Estimate Revision • Dec 06Consensus revenue estimates increase by 61%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from د.م8.00b to د.م12.8b. EPS estimate increased from د.م46.60 to د.م57.00 per share. Net income forecast to grow 17% next year vs 31% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,159 to د.م1,251. Share price was steady at د.م1,099 over the past week.
Price Target Changed • Dec 05Price target increased to د.م1,251Up from د.م1,150, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.م1,080. Stock is down 1.8% over the past year. The company is forecast to post earnings per share of د.م46.60 for next year compared to د.م42.60 last year.
Buying Opportunity • Nov 25Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be د.م1,311, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.
Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be د.م1,279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.
Buying Opportunity • Oct 04Now 21% undervaluedOver the last 90 days, the stock is up 6.1%. The fair value is estimated to be د.م1,410, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.
Reported Earnings • Sep 19Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: د.م3.27b (up 110% from 2Q 2021). Net income: د.م325.1m (up 52% from 2Q 2021). Profit margin: 9.9% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 6.5% p.a. on average during the next 3 years, while revenues in the Global Renewable Energy industry are expected to grow by 7.6%.
Upcoming Dividend • Sep 07Upcoming dividend of د.م35.00 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 23 September 2022. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Moroccan dividend payers (4.5%). In line with average of industry peers (3.2%).
Buying Opportunity • Jul 25Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.2%. The fair value is estimated to be د.م1,410, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 4.2% in 2 years. Earnings is forecast to grow by 12% in the next 2 years.
Buying Opportunity • Jun 23Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.2%. The fair value is estimated to be د.م1,304, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 4.2% in 2 years. Earnings is forecast to grow by 12% in the next 2 years.
Reported Earnings • Jun 01First quarter 2022 earnings released: EPS: د.م11.87 (vs د.م9.40 in 1Q 2021)First quarter 2022 results: EPS: د.م11.87 (up from د.م9.40 in 1Q 2021). Revenue: د.م2.66b (up 53% from 1Q 2021). Net income: د.م280.0m (up 26% from 1Q 2021). Profit margin: 11% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 6.1% compared to a 308% growth forecast for the industry in Morocco.
Price Target Changed • Apr 27Price target increased to د.م1,150Up from د.م979, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م1,120. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.م46.60 for next year compared to د.م42.60 last year.
お知らせ • Jan 28+ 6 more updatesTAQA Morocco S.A. to Report Q2, 2022 Results on Aug 25, 2022TAQA Morocco S.A. announced that they will report Q2, 2022 results on Aug 25, 2022
Price Target Changed • Nov 02Price target decreased to د.م979Down from د.م1,082, the current price target is provided by 1 analyst. New target price is 11% below last closing price of د.م1,100. Stock is up 20% over the past year. The company posted earnings per share of د.م37.31 last year.
Price Target Changed • Nov 02Price target decreased to د.م979Down from د.م1,082, the current price target is provided by 1 analyst. New target price is 11% below last closing price of د.م1,100. Stock is up 20% over the past year. The company posted earnings per share of د.م37.31 last year.
Reported Earnings • Sep 22First half 2021 earnings released: EPS د.م18.80 (vs د.م18.17 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: د.م3.46b (down 14% from 1H 2020). Net income: د.م443.6m (up 3.5% from 1H 2020). Profit margin: 13% (up from 11% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 02Upcoming dividend of د.م35.00 per shareEligible shareholders must have bought the stock before 07 July 2021. Payment date: 16 July 2021. Trailing yield: 3.4%. Lower than top quartile of Moroccan dividend payers (4.8%). In line with average of industry peers (3.5%).
Major Estimate Revision • Jun 11Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from د.م8.35b to د.م8.03b. EPS estimate rose from د.م38.20 to د.م44.40. Net income forecast to grow 19% next year vs 18% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,040 to د.م1,082. Share price was steady at د.م1,040 over the past week.
Reported Earnings • Mar 18Full year 2020 earnings released: EPS د.م37.31 (vs د.م44.69 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: د.م7.79b (down 15% from FY 2019). Net income: د.م880.2m (down 17% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat.
お知らせ • Mar 10+ 5 more updatesTAQA Morocco S.A. to Report Q3, 2021 Results on Nov 12, 2021TAQA Morocco S.A. announced that they will report Q3, 2021 results on Nov 12, 2021
Is New 90 Day High Low • Nov 06New 90-day high: د.م939The company is up 6.0% from its price of د.م885 on 07 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 Renewable Energy industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م755 per share.
Is New 90 Day High Low • Oct 09New 90-day high: د.م891The company is up 1.0% from its price of د.م885 on 10 July 2020. The Moroccan market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Renewable Energy industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م677 per share.
Reported Earnings • Sep 22First half earnings releasedOver the last 12 months the company has reported total profits of د.م975.5m, down 3.8% from the prior year. Total revenue was د.م8.62b over the last 12 months, down 2.7% from the prior year.