CIEL（CIEL.N0000）株式概要投資持株会社であるCIEL Limitedは、モーリシャス、マダガスカル、アジア、南アフリカ、そして国際的に複数の事業分野で事業を展開している。 詳細CIEL.N0000 ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績2/6財務の健全性5/6配当金3/6報酬当社が推定した公正価値より91.8%で取引されている リスク分析リスクチェックの結果、CIEL.N0000 、リスクは検出されなかった。すべてのリスクチェックを見るCIEL.N0000 Community Fair Values Create NarrativeSee what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueMU₨Current PriceMU₨7.6048.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-980m76b2016201920222025202620282031Revenue MU₨75.9bEarnings MU₨3.8bAdvancedSet Fair ValueView all narrativesCIEL Limited 競合他社Sichuan Langsha HoldingSymbol: SHSE:600137Market cap: CN¥1.8bMC GroupSymbol: SET:MCMarket cap: ฿8.8bHuasi HoldingSymbol: SZSE:002494Market cap: CN¥1.9bChina Dongxiang (Group)Symbol: SEHK:3818Market cap: HK$2.0b価格と性能株価の高値、安値、推移の概要CIEL過去の株価現在の株価MU₨7.6052週高値MU₨9.1052週安値MU₨7.60ベータ0.0671ヶ月の変化-3.80%3ヶ月変化-7.32%1年変化-11.42%3年間の変化16.92%5年間の変化45.04%IPOからの変化-4.64%最新ニュースReported Earnings • May 20Third quarter 2026 earnings released: EPS: MU₨0.16 (vs MU₨0.25 in 3Q 2025)Third quarter 2026 results: EPS: MU₨0.16 (down from MU₨0.25 in 3Q 2025). Revenue: MU₨9.24b (up 1.6% from 3Q 2025). Net income: MU₨275.0m (down 36% from 3Q 2025). Profit margin: 3.0% (down from 4.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Dec 03CIEL Limited, Annual General Meeting, Dec 22, 2025CIEL Limited, Annual General Meeting, Dec 22, 2025, at 09:30 Arabian Standard Time. Location: at the registered office of, the company, 5th floor, ebene skies, rue de linstitut, ebene, Mauritiusお知らせ • Jun 29CIEL Limited announces Annual dividend, payable on July 30, 2025CIEL Limited announced Annual dividend of MUR 0.3200 per share payable on July 30, 2025, ex-date on July 14, 2025 and record date on July 16, 2025.お知らせ • Nov 27CIEL Limited, Annual General Meeting, Dec 16, 2024CIEL Limited, Annual General Meeting, Dec 16, 2024, at 10:00 Arabian Standard Time. Location: 5th floor, ebene skies, rue de iinstitut, ebene, MauritiusReported Earnings • Nov 17First quarter 2025 earnings released: EPS: MU₨269 (vs MU₨0.35 in 1Q 2024)First quarter 2025 results: EPS: MU₨269. Revenue: MU₨8.79b (flat on 1Q 2024). Net income: MU₨455.5m (down 22% from 1Q 2024). Profit margin: 5.2% (down from 6.6% in 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Global Luxury industry.Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to MU₨10.40, the stock trades at a trailing P/E ratio of 6.3x. Average forward P/E is 14x in the Luxury industry in Africa. Total returns to shareholders of 66% over the past three years.最新情報をもっと見るRecent updatesReported Earnings • May 20Third quarter 2026 earnings released: EPS: MU₨0.16 (vs MU₨0.25 in 3Q 2025)Third quarter 2026 results: EPS: MU₨0.16 (down from MU₨0.25 in 3Q 2025). Revenue: MU₨9.24b (up 1.6% from 3Q 2025). Net income: MU₨275.0m (down 36% from 3Q 2025). Profit margin: 3.0% (down from 4.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Dec 03CIEL Limited, Annual General Meeting, Dec 22, 2025CIEL Limited, Annual General Meeting, Dec 22, 2025, at 09:30 Arabian Standard Time. Location: at the registered office of, the company, 5th floor, ebene skies, rue de linstitut, ebene, Mauritiusお知らせ • Jun 29CIEL Limited announces Annual dividend, payable on July 30, 2025CIEL Limited announced Annual dividend of MUR 0.3200 per share payable on July 30, 2025, ex-date on July 14, 2025 and record date on July 16, 2025.お知らせ • Nov 27CIEL Limited, Annual General Meeting, Dec 16, 2024CIEL Limited, Annual General Meeting, Dec 16, 2024, at 10:00 Arabian Standard Time. Location: 5th floor, ebene skies, rue de iinstitut, ebene, MauritiusReported Earnings • Nov 17First quarter 2025 earnings released: EPS: MU₨269 (vs MU₨0.35 in 1Q 2024)First quarter 2025 results: EPS: MU₨269. Revenue: MU₨8.79b (flat on 1Q 2024). Net income: MU₨455.5m (down 22% from 1Q 2024). Profit margin: 5.2% (down from 6.6% in 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Global Luxury industry.Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to MU₨10.40, the stock trades at a trailing P/E ratio of 6.3x. Average forward P/E is 14x in the Luxury industry in Africa. Total returns to shareholders of 66% over the past three years.Reported Earnings • Oct 02Full year 2024 earnings released: EPS: MU₨1.66 (vs MU₨1.57 in FY 2023)Full year 2024 results: EPS: MU₨1.66 (up from MU₨1.57 in FY 2023). Revenue: MU₨35.2b (flat on FY 2023). Net income: MU₨2.81b (up 5.8% from FY 2023). Profit margin: 8.0% (up from 7.5% in FY 2023). Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Global Luxury industry. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jul 01Dividend increased to MU₨0.32Dividend of MU₨0.32 is 14% higher than last year. Ex-date: 15th July 2024 Payment date: 30th July 2024 Dividend yield will be 4.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 42% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 17Third quarter 2024 earnings released: EPS: MU₨0.32 (vs MU₨0.28 in 3Q 2023)Third quarter 2024 results: EPS: MU₨0.32 (up from MU₨0.28 in 3Q 2023). Revenue: MU₨8.27b (down 4.9% from 3Q 2023). Net income: MU₨537.7m (up 14% from 3Q 2023). Profit margin: 6.5% (up from 5.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Global Luxury industry. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 18First quarter 2024 earnings released: EPS: MU₨0.35 (vs MU₨0.29 in 1Q 2023)First quarter 2024 results: EPS: MU₨0.35 (up from MU₨0.29 in 1Q 2023). Revenue: MU₨8.80b (down 1.9% from 1Q 2023). Net income: MU₨584.7m (up 21% from 1Q 2023). Profit margin: 6.6% (up from 5.4% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jul 10Now 21% undervaluedOver the last 90 days, the stock is up 7.1%. The fair value is estimated to be MU₨8.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable.Upcoming Dividend • Jul 10Upcoming dividend of MU₨0.28 per share at 4.1% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Mauritian dividend payers (6.2%). Higher than average of industry peers (1.7%).New Risk • Jul 07New 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: 4.1% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 19Second quarter 2023 earnings released: EPS: MU₨0.45 (vs MU₨0.21 in 2Q 2022)Second quarter 2023 results: EPS: MU₨0.45 (up from MU₨0.21 in 2Q 2022). Revenue: MU₨9.17b (up 27% from 2Q 2022). Net income: MU₨766.3m (up 118% from 2Q 2022). Profit margin: 8.4% (up from 4.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 07Upcoming dividend of MU₨0.16 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 29 July 2022. Trailing yield: 2.4%. Lower than top quartile of Mauritian dividend payers (3.9%). Higher than average of industry peers (1.9%).Reported Earnings • Feb 17Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: MU₨0.21 (up from MU₨0.041 loss in 2Q 2021). Revenue: MU₨7.25b (up 61% from 2Q 2021). Net income: MU₨351.3m (up MU₨420.6m from 2Q 2021). Profit margin: 4.8% (up from net loss in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improved over the past weekAfter last week's 18% share price gain to MU₨6.78, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 16x in the Luxury industry globally. Total returns to shareholders of 2.5% over the past three years.Upcoming Dividend • Oct 07Upcoming dividend of MU₨0.05 per shareEligible shareholders must have bought the stock before 14 October 2021. Payment date: 29 October 2021. Trailing yield: 0.8%. Lower than top quartile of Mauritian dividend payers (3.7%). Lower than average of industry peers (1.2%).Reported Earnings • Oct 03Full year 2021 earnings released: EPS MU₨0.51 (vs MU₨0.99 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: MU₨17.9b (down 19% from FY 2020). Net income: MU₨864.8m (up MU₨2.54b from FY 2020). Profit margin: 4.8% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Dec 07New 90-day high: MU₨3.45The company is up 7.0% from its price of MU₨3.22 on 08 September 2020. The Mauritian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Luxury industry, which is also up 7.0% over the same period.お知らせ • Nov 27CIEL Limited, Annual General Meeting, Dec 18, 2020CIEL Limited, Annual General Meeting, Dec 18, 2020, at 14:00 Mauritius Standard Time. Location: The Registered Office of the Company, 5th Floor, Ebène Skies, rue de l`Institut Ebène Mauritius Agenda: To approve the Group's and Company's audited Financial Statements for the financial year ended 30 June 2020, including the Annual Report and the Auditor's Report, in accordance with section 115(4) of the Companies Act 2001; to authorise, in accordance with section 138(6) of the Companies Act 2001, Mr. Marc Ladreit de Lacharrière to continue to hold office as a Director until the next Annual Meeting of the Shareholders of the Company; to authorise, in accordance with section 138(6) of the Companies Act 2001, Mr. Xavier Thiéblin to continue to hold office as a Director until the next Annual Meeting of the Shareholders of the Company; to consider the re-election of Directors; to take note of the automatic re-appointment of PricewaterhouseCoopers Ltd as auditor of the Company for the financial year ending 30 June 2021, in accordance with section 200 of the Companies Act 2001 and to authorise the Board of Directors of the Company to fix their remuneration; and to consider other matters.Is New 90 Day High Low • Oct 31New 90-day low: MU₨2.85The company is down 5.0% from its price of MU₨3.00 on 31 July 2020. The Mauritian market is also down 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Luxury industry, which is up 11% over the same period.株主還元CIEL.N0000MU LuxuryMU 市場7D-0.3%-1.0%-1.3%1Y-11.4%12.7%1.4%株主還元を見る業界別リターン: CIEL.N0000過去 1 年間で12.7 % の収益を上げたMU Luxury業界を下回りました。リターン対市場: CIEL.N0000は、過去 1 年間で1.4 % のリターンを上げたMU市場を下回りました。価格変動Is CIEL.N0000's price volatile compared to industry and market?CIEL.N0000 volatilityCIEL.N0000 Average Weekly Movement1.0%Luxury Industry Average Movement3.9%Market Average Movement2.3%10% most volatile stocks in MU Market3.7%10% least volatile stocks in MU Market0.9%安定した株価: CIEL.N0000 、 MU市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: CIEL.N0000の 週次ボラティリティ ( 1% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト191238,000Guillaume Pierre Dalaiswww.cielgroup.com投資持株会社であるCIEL Limitedは、モーリシャス、マダガスカル、アジア、南アフリカ、そして国際的に複数の事業分野で事業を展開している。7つのセグメントで事業を展開している：繊維部門、農業部門、不動産部門、ホテル・リゾート部門、金融部門、ヘルスケア部門、CIEL部門である。繊維部門は、ニットウェア、織物、ファインニット製品の製造・販売を行っている。アグロ部門は砂糖の生産・販売。不動産部門は土地と不動産の開発を行っている。ホテル・リゾート部門はホテル・ポートフォリオの所有と経営に従事している。また、モーリシャス、プライベートアイランド、ゴルフコース、ツアーオペレーターの所有・管理も行っている。金融サービス部門は銀行業務、ポートフォリオ管理、受託商品を提供している。ヘルスケア部門は、病院、一次・二次医療クリニック、研究所、c-lab収集センターから成るヘルスケア施設を運営している。同社は以前はディープ・リバー・インベストメント・リミテッドとして知られ、2014年1月にCIELリミテッドに社名を変更した。CIELリミテッドは1912年に設立され、モーリシャスのエベーヌに本社を置く。もっと見るCIEL Limited 基礎のまとめCIEL の収益と売上を時価総額と比較するとどうか。CIEL.N0000 基礎統計学時価総額MU₨12.90b収益（TTM）MU₨1.98b売上高(TTM)MU₨40.02b6.5xPER（株価収益率0.3xP/SレシオCIEL.N0000 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計CIEL.N0000 損益計算書（TTM）収益MU₨40.02b売上原価MU₨14.56b売上総利益MU₨25.38bその他の費用MU₨23.40b収益MU₨1.98b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）1.17グロス・マージン63.42%純利益率4.95%有利子負債／自己資本比率0%CIEL.N0000 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.2%現在の配当利回り27%配当性向View Valuation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2026/06/14 01:21終値2026/06/12 00:00収益2026/03/31年間収益2025/06/30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CIEL Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関null nullACF Equity Research Limited
Reported Earnings • May 20Third quarter 2026 earnings released: EPS: MU₨0.16 (vs MU₨0.25 in 3Q 2025)Third quarter 2026 results: EPS: MU₨0.16 (down from MU₨0.25 in 3Q 2025). Revenue: MU₨9.24b (up 1.6% from 3Q 2025). Net income: MU₨275.0m (down 36% from 3Q 2025). Profit margin: 3.0% (down from 4.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Dec 03CIEL Limited, Annual General Meeting, Dec 22, 2025CIEL Limited, Annual General Meeting, Dec 22, 2025, at 09:30 Arabian Standard Time. Location: at the registered office of, the company, 5th floor, ebene skies, rue de linstitut, ebene, Mauritius
お知らせ • Jun 29CIEL Limited announces Annual dividend, payable on July 30, 2025CIEL Limited announced Annual dividend of MUR 0.3200 per share payable on July 30, 2025, ex-date on July 14, 2025 and record date on July 16, 2025.
お知らせ • Nov 27CIEL Limited, Annual General Meeting, Dec 16, 2024CIEL Limited, Annual General Meeting, Dec 16, 2024, at 10:00 Arabian Standard Time. Location: 5th floor, ebene skies, rue de iinstitut, ebene, Mauritius
Reported Earnings • Nov 17First quarter 2025 earnings released: EPS: MU₨269 (vs MU₨0.35 in 1Q 2024)First quarter 2025 results: EPS: MU₨269. Revenue: MU₨8.79b (flat on 1Q 2024). Net income: MU₨455.5m (down 22% from 1Q 2024). Profit margin: 5.2% (down from 6.6% in 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Global Luxury industry.
Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to MU₨10.40, the stock trades at a trailing P/E ratio of 6.3x. Average forward P/E is 14x in the Luxury industry in Africa. Total returns to shareholders of 66% over the past three years.
Reported Earnings • May 20Third quarter 2026 earnings released: EPS: MU₨0.16 (vs MU₨0.25 in 3Q 2025)Third quarter 2026 results: EPS: MU₨0.16 (down from MU₨0.25 in 3Q 2025). Revenue: MU₨9.24b (up 1.6% from 3Q 2025). Net income: MU₨275.0m (down 36% from 3Q 2025). Profit margin: 3.0% (down from 4.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Dec 03CIEL Limited, Annual General Meeting, Dec 22, 2025CIEL Limited, Annual General Meeting, Dec 22, 2025, at 09:30 Arabian Standard Time. Location: at the registered office of, the company, 5th floor, ebene skies, rue de linstitut, ebene, Mauritius
お知らせ • Jun 29CIEL Limited announces Annual dividend, payable on July 30, 2025CIEL Limited announced Annual dividend of MUR 0.3200 per share payable on July 30, 2025, ex-date on July 14, 2025 and record date on July 16, 2025.
お知らせ • Nov 27CIEL Limited, Annual General Meeting, Dec 16, 2024CIEL Limited, Annual General Meeting, Dec 16, 2024, at 10:00 Arabian Standard Time. Location: 5th floor, ebene skies, rue de iinstitut, ebene, Mauritius
Reported Earnings • Nov 17First quarter 2025 earnings released: EPS: MU₨269 (vs MU₨0.35 in 1Q 2024)First quarter 2025 results: EPS: MU₨269. Revenue: MU₨8.79b (flat on 1Q 2024). Net income: MU₨455.5m (down 22% from 1Q 2024). Profit margin: 5.2% (down from 6.6% in 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Global Luxury industry.
Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to MU₨10.40, the stock trades at a trailing P/E ratio of 6.3x. Average forward P/E is 14x in the Luxury industry in Africa. Total returns to shareholders of 66% over the past three years.
Reported Earnings • Oct 02Full year 2024 earnings released: EPS: MU₨1.66 (vs MU₨1.57 in FY 2023)Full year 2024 results: EPS: MU₨1.66 (up from MU₨1.57 in FY 2023). Revenue: MU₨35.2b (flat on FY 2023). Net income: MU₨2.81b (up 5.8% from FY 2023). Profit margin: 8.0% (up from 7.5% in FY 2023). Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Global Luxury industry. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jul 01Dividend increased to MU₨0.32Dividend of MU₨0.32 is 14% higher than last year. Ex-date: 15th July 2024 Payment date: 30th July 2024 Dividend yield will be 4.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 42% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 17Third quarter 2024 earnings released: EPS: MU₨0.32 (vs MU₨0.28 in 3Q 2023)Third quarter 2024 results: EPS: MU₨0.32 (up from MU₨0.28 in 3Q 2023). Revenue: MU₨8.27b (down 4.9% from 3Q 2023). Net income: MU₨537.7m (up 14% from 3Q 2023). Profit margin: 6.5% (up from 5.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Global Luxury industry. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 18First quarter 2024 earnings released: EPS: MU₨0.35 (vs MU₨0.29 in 1Q 2023)First quarter 2024 results: EPS: MU₨0.35 (up from MU₨0.29 in 1Q 2023). Revenue: MU₨8.80b (down 1.9% from 1Q 2023). Net income: MU₨584.7m (up 21% from 1Q 2023). Profit margin: 6.6% (up from 5.4% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jul 10Now 21% undervaluedOver the last 90 days, the stock is up 7.1%. The fair value is estimated to be MU₨8.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable.
Upcoming Dividend • Jul 10Upcoming dividend of MU₨0.28 per share at 4.1% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Mauritian dividend payers (6.2%). Higher than average of industry peers (1.7%).
New Risk • Jul 07New 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: 4.1% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 19Second quarter 2023 earnings released: EPS: MU₨0.45 (vs MU₨0.21 in 2Q 2022)Second quarter 2023 results: EPS: MU₨0.45 (up from MU₨0.21 in 2Q 2022). Revenue: MU₨9.17b (up 27% from 2Q 2022). Net income: MU₨766.3m (up 118% from 2Q 2022). Profit margin: 8.4% (up from 4.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 07Upcoming dividend of MU₨0.16 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 29 July 2022. Trailing yield: 2.4%. Lower than top quartile of Mauritian dividend payers (3.9%). Higher than average of industry peers (1.9%).
Reported Earnings • Feb 17Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: MU₨0.21 (up from MU₨0.041 loss in 2Q 2021). Revenue: MU₨7.25b (up 61% from 2Q 2021). Net income: MU₨351.3m (up MU₨420.6m from 2Q 2021). Profit margin: 4.8% (up from net loss in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improved over the past weekAfter last week's 18% share price gain to MU₨6.78, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 16x in the Luxury industry globally. Total returns to shareholders of 2.5% over the past three years.
Upcoming Dividend • Oct 07Upcoming dividend of MU₨0.05 per shareEligible shareholders must have bought the stock before 14 October 2021. Payment date: 29 October 2021. Trailing yield: 0.8%. Lower than top quartile of Mauritian dividend payers (3.7%). Lower than average of industry peers (1.2%).
Reported Earnings • Oct 03Full year 2021 earnings released: EPS MU₨0.51 (vs MU₨0.99 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: MU₨17.9b (down 19% from FY 2020). Net income: MU₨864.8m (up MU₨2.54b from FY 2020). Profit margin: 4.8% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Dec 07New 90-day high: MU₨3.45The company is up 7.0% from its price of MU₨3.22 on 08 September 2020. The Mauritian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Luxury industry, which is also up 7.0% over the same period.
お知らせ • Nov 27CIEL Limited, Annual General Meeting, Dec 18, 2020CIEL Limited, Annual General Meeting, Dec 18, 2020, at 14:00 Mauritius Standard Time. Location: The Registered Office of the Company, 5th Floor, Ebène Skies, rue de l`Institut Ebène Mauritius Agenda: To approve the Group's and Company's audited Financial Statements for the financial year ended 30 June 2020, including the Annual Report and the Auditor's Report, in accordance with section 115(4) of the Companies Act 2001; to authorise, in accordance with section 138(6) of the Companies Act 2001, Mr. Marc Ladreit de Lacharrière to continue to hold office as a Director until the next Annual Meeting of the Shareholders of the Company; to authorise, in accordance with section 138(6) of the Companies Act 2001, Mr. Xavier Thiéblin to continue to hold office as a Director until the next Annual Meeting of the Shareholders of the Company; to consider the re-election of Directors; to take note of the automatic re-appointment of PricewaterhouseCoopers Ltd as auditor of the Company for the financial year ending 30 June 2021, in accordance with section 200 of the Companies Act 2001 and to authorise the Board of Directors of the Company to fix their remuneration; and to consider other matters.
Is New 90 Day High Low • Oct 31New 90-day low: MU₨2.85The company is down 5.0% from its price of MU₨3.00 on 31 July 2020. The Mauritian market is also down 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Luxury industry, which is up 11% over the same period.
