View ValuationLabel Vie 향후 성장Future 기준 점검 1/6Label Vie의 수익이 증가할 것으로 예상됨입니다.핵심 정보n/a이익 성장률n/aEPS 성장률Consumer Retailing 이익 성장12.5%매출 성장률13.7%향후 자기자본이익률19.40%애널리스트 커버리지Low마지막 업데이트19 May 2026최근 향후 성장 업데이트Price Target Changed • Mar 04Price target increased by 9.2% to د.م5,409Up from د.م4,952, the current price target is an average from 3 analysts. New target price is 35% above last closing price of د.م4,020. Stock is down 7.6% over the past year.Major Estimate Revision • Mar 07Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.م18.4b to د.م17.8b. EPS estimate also fell from د.م254 per share to د.م205 per share. Net income forecast to grow 17% next year vs 21% growth forecast for Consumer Retailing industry in Morocco. Consensus price target broadly unchanged at د.م5,168. Share price was steady at د.م4,276 over the past week.Price Target Changed • Oct 05Price target increased by 9.5% to د.م4,734Up from د.م4,323, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of د.م4,600. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of د.م231 for next year compared to د.م263 last year.Price Target Changed • Jun 08Price target decreased by 15% to د.م4,460Down from د.م5,235, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of د.م4,412. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of د.م214 for next year compared to د.م263 last year.Major Estimate Revision • Oct 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from د.م11.4b to د.م13.2b. EPS estimate unchanged from د.م171 at last update. Consumer Retailing industry in Morocco expected to see average net income growth of 21% next year. Consensus price target up from د.م5,231 to د.م5,339. Share price was steady at د.م4,705 over the past week.Price Target Changed • May 31Price target increased to د.م5,314Up from د.م4,816, the current price target is an average from 3 analysts. New target price is 13% above last closing price of د.م4,700. Stock is up 27% over the past year. The company is forecast to post earnings per share of د.م161 for next year compared to د.م143 last year.모든 업데이트 보기Recent updates공시 • May 07Retail Holding S.A. agreed to acquire remaining 49.75% stake in Label Vie S.A. (CBSE:LBV) for MAD 6.2 billion.Retail Holding S.A. agreed to acquire remaining 49.75% stake in Label Vie S.A. (CBSE:LBV) for MAD 6.2 billion on May 4, 2026. The consideration consists of common equity of Retail Holding S.A. to be issued for common equity of Label Vie S.A. Upon completion, Retail Holding S.A. will own 100% stake in Label Vie S.A. On this basis, LabelVie S.A. and Retail Holding S.A. have agreed on an exchange ratio of 8 Retail Holding S.A. shares for 11 LabelVie S.A. shares The transaction is subject to approval of offer by acquirer shareholders, Moroccan capital market authority and approval of offer by target shareholders. Board of Retail Holding S.A. and Label Vie S.A. approved the acquisition. The transaction is expected to be completed in beginning of August 2026.공시 • May 02Label Vie S.A., Annual General Meeting, Jun 01, 2026Label Vie S.A., Annual General Meeting, Jun 01, 2026.Board Change • Feb 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Dec 25Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Nov 25Label Vie S.A., Annual General Meeting, Dec 23, 2025Label Vie S.A., Annual General Meeting, Dec 23, 2025.Upcoming Dividend • Jul 14Upcoming dividend of د.م111 per shareEligible shareholders must have bought the stock before 21 July 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Moroccan dividend payers (4.1%). In line with average of industry peers (2.5%).공시 • Jul 08Label Vie S.A. announces Annual dividend, payable on July 31, 2025Label Vie S.A. announced Annual dividend of MAD 110.5700 per share payable on July 31, 2025, ex-date on July 21, 2025 and record date on July 18, 2025.Reported Earnings • Mar 05Full year 2024 earnings releasedFull year 2024 results: Revenue: د.م16.7b (up 5.6% from FY 2023). Net income: د.م541.7m (up 6.7% from FY 2023). Profit margin: 3.2% (in line with FY 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Consumer Retailing industry in Africa.Price Target Changed • Mar 04Price target increased by 9.2% to د.م5,409Up from د.م4,952, the current price target is an average from 3 analysts. New target price is 35% above last closing price of د.م4,020. Stock is down 7.6% over the past year.Board Change • Feb 24Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 2 independent directors (9 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.New Risk • Oct 08New 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: 2.2% 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin).Reported Earnings • Sep 27First half 2024 earnings releasedFirst half 2024 results: Revenue: د.م7.78b (up 3.3% from 1H 2023). Net income: د.م259.0m (up 17% from 1H 2023). Profit margin: 3.3% (up from 2.9% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Consumer Retailing industry in Africa.New Risk • Jul 05New 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 (18% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin).공시 • May 05Label Vie S.A., Annual General Meeting, Jun 03, 2024Label Vie S.A., Annual General Meeting, Jun 03, 2024.Major Estimate Revision • Mar 07Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.م18.4b to د.م17.8b. EPS estimate also fell from د.م254 per share to د.م205 per share. Net income forecast to grow 17% next year vs 21% growth forecast for Consumer Retailing industry in Morocco. Consensus price target broadly unchanged at د.م5,168. Share price was steady at د.م4,276 over the past week.Reported Earnings • Mar 03Full year 2023 earnings releasedFull year 2023 results: Revenue: د.م16.0b (up 15% from FY 2022). Net income: د.م507.7m (down 32% from FY 2022). Profit margin: 3.2% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Consumer Retailing industry in Africa.New Risk • Oct 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.Price Target Changed • Oct 05Price target increased by 9.5% to د.م4,734Up from د.م4,323, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of د.م4,600. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of د.م231 for next year compared to د.م263 last year.Upcoming Dividend • Jun 26Upcoming dividend of د.م86.38 per share at 1.9% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 12 July 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Moroccan dividend payers (4.6%). Lower than average of industry peers (2.5%).Price Target Changed • Jun 08Price target decreased by 15% to د.م4,460Down from د.م5,235, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of د.م4,412. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of د.م214 for next year compared to د.م263 last year.Upcoming Dividend • Dec 14Upcoming dividend of د.م69.10 per shareEligible shareholders must have bought the stock before 21 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Moroccan dividend payers (4.7%). Lower than average of industry peers (2.5%).Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. 1 independent director (11 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Major Estimate Revision • Oct 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from د.م11.4b to د.م13.2b. EPS estimate unchanged from د.م171 at last update. Consumer Retailing industry in Morocco expected to see average net income growth of 21% next year. Consensus price target up from د.م5,231 to د.م5,339. Share price was steady at د.م4,705 over the past week.Upcoming Dividend • Jul 05Upcoming dividend of د.م70.40 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (2.5%).Price Target Changed • May 31Price target increased to د.م5,314Up from د.م4,816, the current price target is an average from 3 analysts. New target price is 13% above last closing price of د.م4,700. Stock is up 27% over the past year. The company is forecast to post earnings per share of د.م161 for next year compared to د.م143 last year.Price Target Changed • Jan 31Price target increased to د.م4,570Up from د.م4,266, the current price target is an average from 3 analysts. New target price is 13% below last closing price of د.م5,250. Stock is up 64% over the past year. The company is forecast to post earnings per share of د.م135 for next year compared to د.م119 last year.Price Target Changed • Dec 02Price target increased to د.م4,555Up from د.م4,037, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of د.م4,709. Stock is up 54% over the past year. The company is forecast to post earnings per share of د.م134 for next year compared to د.م119 last year.Major Estimate Revision • Feb 25Analysts update estimatesThe 2021 consensus revenue estimate was lowered from د.م12.3b to د.م11.9b. Earnings per share (EPS) increased from د.م141 to د.م177 for the same period. Net income is expected to grow by 6.4% next year compared to 20% growth forecast for the Consumer Retailing industry in Morocco. The consensus price target increased from د.م3,615 to د.م3,695. Share price stayed mostly flat at د.م3,220 over the past week.Is New 90 Day High Low • Dec 01New 90-day high: د.م3,150The company is up 4.0% from its price of د.م3,035 on 01 September 2020. The Moroccan market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,390 per share.Is New 90 Day High Low • Oct 22New 90-day high: د.م3,084The company is up 4.0% from its price of د.م2,970 on 24 July 2020. The Moroccan market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Retailing industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,419 per share.이익 및 매출 성장 예측CBSE:LBV - 애널리스트 향후 추정치 및 과거 재무 데이터 (MAD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202827,996N/AN/AN/A112/31/202724,061N/A501,799112/31/202621,033N/A-1021,407112/31/202518,534579-1,533263N/A9/30/202517,949566N/AN/AN/A6/30/202517,363552-2751,377N/A3/31/202516,890547-5001,064N/A12/31/202416,418542-725751N/A9/30/202416,234544N/AN/AN/A6/30/202416,050546N/AN/AN/A3/31/202415,925527N/AN/AN/A12/31/202315,800508-311900N/A9/30/202315,539629N/AN/AN/A6/30/202315,279751N/AN/AN/A3/31/202314,613749N/AN/AN/A12/31/202213,947748-256889N/A9/30/202213,290607N/AN/AN/A6/30/202212,634466-4321,113N/A3/31/202212,196436-3191,170N/A12/31/202111,758407-2051,226N/A9/30/202111,358353N/AN/AN/A6/30/202110,958299-22757N/A3/31/202110,985315-184531N/A12/31/202011,012330-347305N/A9/30/202011,053333N/AN/AN/A6/30/202011,093336-486694N/A3/31/202010,745324-423714N/A12/31/201910,396312-361735N/A9/30/20199,974313N/AN/AN/A6/30/20199,551314N/AN/AN/A3/31/20199,292300N/AN/AN/A12/31/20189,033285N/A455N/A9/30/20188,769286N/AN/AN/A6/30/20188,505287N/AN/AN/A3/31/20188,390262N/AN/AN/A12/31/20178,275238N/A337N/A9/30/20178,145197N/AN/AN/A6/30/20178,018160N/AN/AN/A3/31/20177,788150N/AN/AN/A12/31/20167,557139N/A382N/A9/30/20167,254138N/AN/AN/A6/30/20166,947134N/AN/AN/A3/31/20166,839121N/AN/AN/A12/31/20156,732108N/A895N/A9/30/20156,626103N/AN/AN/A6/30/20156,51999N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: LBV 의 예상 수익 증가율이 절약률(15.1%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: LBV 의 수익이 MA 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: LBV 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: LBV 의 수익(연간 13.7%)이 MA 시장(연간 10.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: LBV 의 수익(연간 13.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: LBV의 자본 수익률은 3년 후 19.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-retailing 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 20:37종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Label Vie S.A.는 4명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kais KriaaAlphaMenaImen Ben AhmedAlphaMenaDounia FilaliBmce Capital Bourse1명의 분석가 더 보기
Price Target Changed • Mar 04Price target increased by 9.2% to د.م5,409Up from د.م4,952, the current price target is an average from 3 analysts. New target price is 35% above last closing price of د.م4,020. Stock is down 7.6% over the past year.
Major Estimate Revision • Mar 07Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.م18.4b to د.م17.8b. EPS estimate also fell from د.م254 per share to د.م205 per share. Net income forecast to grow 17% next year vs 21% growth forecast for Consumer Retailing industry in Morocco. Consensus price target broadly unchanged at د.م5,168. Share price was steady at د.م4,276 over the past week.
Price Target Changed • Oct 05Price target increased by 9.5% to د.م4,734Up from د.م4,323, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of د.م4,600. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of د.م231 for next year compared to د.م263 last year.
Price Target Changed • Jun 08Price target decreased by 15% to د.م4,460Down from د.م5,235, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of د.م4,412. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of د.م214 for next year compared to د.م263 last year.
Major Estimate Revision • Oct 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from د.م11.4b to د.م13.2b. EPS estimate unchanged from د.م171 at last update. Consumer Retailing industry in Morocco expected to see average net income growth of 21% next year. Consensus price target up from د.م5,231 to د.م5,339. Share price was steady at د.م4,705 over the past week.
Price Target Changed • May 31Price target increased to د.م5,314Up from د.م4,816, the current price target is an average from 3 analysts. New target price is 13% above last closing price of د.م4,700. Stock is up 27% over the past year. The company is forecast to post earnings per share of د.م161 for next year compared to د.م143 last year.
공시 • May 07Retail Holding S.A. agreed to acquire remaining 49.75% stake in Label Vie S.A. (CBSE:LBV) for MAD 6.2 billion.Retail Holding S.A. agreed to acquire remaining 49.75% stake in Label Vie S.A. (CBSE:LBV) for MAD 6.2 billion on May 4, 2026. The consideration consists of common equity of Retail Holding S.A. to be issued for common equity of Label Vie S.A. Upon completion, Retail Holding S.A. will own 100% stake in Label Vie S.A. On this basis, LabelVie S.A. and Retail Holding S.A. have agreed on an exchange ratio of 8 Retail Holding S.A. shares for 11 LabelVie S.A. shares The transaction is subject to approval of offer by acquirer shareholders, Moroccan capital market authority and approval of offer by target shareholders. Board of Retail Holding S.A. and Label Vie S.A. approved the acquisition. The transaction is expected to be completed in beginning of August 2026.
공시 • May 02Label Vie S.A., Annual General Meeting, Jun 01, 2026Label Vie S.A., Annual General Meeting, Jun 01, 2026.
Board Change • Feb 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Dec 25Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Nov 25Label Vie S.A., Annual General Meeting, Dec 23, 2025Label Vie S.A., Annual General Meeting, Dec 23, 2025.
Upcoming Dividend • Jul 14Upcoming dividend of د.م111 per shareEligible shareholders must have bought the stock before 21 July 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Moroccan dividend payers (4.1%). In line with average of industry peers (2.5%).
공시 • Jul 08Label Vie S.A. announces Annual dividend, payable on July 31, 2025Label Vie S.A. announced Annual dividend of MAD 110.5700 per share payable on July 31, 2025, ex-date on July 21, 2025 and record date on July 18, 2025.
Reported Earnings • Mar 05Full year 2024 earnings releasedFull year 2024 results: Revenue: د.م16.7b (up 5.6% from FY 2023). Net income: د.م541.7m (up 6.7% from FY 2023). Profit margin: 3.2% (in line with FY 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Consumer Retailing industry in Africa.
Price Target Changed • Mar 04Price target increased by 9.2% to د.م5,409Up from د.م4,952, the current price target is an average from 3 analysts. New target price is 35% above last closing price of د.م4,020. Stock is down 7.6% over the past year.
Board Change • Feb 24Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 2 independent directors (9 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
New Risk • Oct 08New 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: 2.2% 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin).
Reported Earnings • Sep 27First half 2024 earnings releasedFirst half 2024 results: Revenue: د.م7.78b (up 3.3% from 1H 2023). Net income: د.م259.0m (up 17% from 1H 2023). Profit margin: 3.3% (up from 2.9% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Consumer Retailing industry in Africa.
New Risk • Jul 05New 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 (18% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin).
공시 • May 05Label Vie S.A., Annual General Meeting, Jun 03, 2024Label Vie S.A., Annual General Meeting, Jun 03, 2024.
Major Estimate Revision • Mar 07Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.م18.4b to د.م17.8b. EPS estimate also fell from د.م254 per share to د.م205 per share. Net income forecast to grow 17% next year vs 21% growth forecast for Consumer Retailing industry in Morocco. Consensus price target broadly unchanged at د.م5,168. Share price was steady at د.م4,276 over the past week.
Reported Earnings • Mar 03Full year 2023 earnings releasedFull year 2023 results: Revenue: د.م16.0b (up 15% from FY 2022). Net income: د.م507.7m (down 32% from FY 2022). Profit margin: 3.2% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Consumer Retailing industry in Africa.
New Risk • Oct 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.
Price Target Changed • Oct 05Price target increased by 9.5% to د.م4,734Up from د.م4,323, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of د.م4,600. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of د.م231 for next year compared to د.م263 last year.
Upcoming Dividend • Jun 26Upcoming dividend of د.م86.38 per share at 1.9% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 12 July 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Moroccan dividend payers (4.6%). Lower than average of industry peers (2.5%).
Price Target Changed • Jun 08Price target decreased by 15% to د.م4,460Down from د.م5,235, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of د.م4,412. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of د.م214 for next year compared to د.م263 last year.
Upcoming Dividend • Dec 14Upcoming dividend of د.م69.10 per shareEligible shareholders must have bought the stock before 21 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Moroccan dividend payers (4.7%). Lower than average of industry peers (2.5%).
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. 1 independent director (11 non-independent directors). Chairman of the Board of Directors Rachid Hadni was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Major Estimate Revision • Oct 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from د.م11.4b to د.م13.2b. EPS estimate unchanged from د.م171 at last update. Consumer Retailing industry in Morocco expected to see average net income growth of 21% next year. Consensus price target up from د.م5,231 to د.م5,339. Share price was steady at د.م4,705 over the past week.
Upcoming Dividend • Jul 05Upcoming dividend of د.م70.40 per shareEligible shareholders must have bought the stock before 12 July 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (2.5%).
Price Target Changed • May 31Price target increased to د.م5,314Up from د.م4,816, the current price target is an average from 3 analysts. New target price is 13% above last closing price of د.م4,700. Stock is up 27% over the past year. The company is forecast to post earnings per share of د.م161 for next year compared to د.م143 last year.
Price Target Changed • Jan 31Price target increased to د.م4,570Up from د.م4,266, the current price target is an average from 3 analysts. New target price is 13% below last closing price of د.م5,250. Stock is up 64% over the past year. The company is forecast to post earnings per share of د.م135 for next year compared to د.م119 last year.
Price Target Changed • Dec 02Price target increased to د.م4,555Up from د.م4,037, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of د.م4,709. Stock is up 54% over the past year. The company is forecast to post earnings per share of د.م134 for next year compared to د.م119 last year.
Major Estimate Revision • Feb 25Analysts update estimatesThe 2021 consensus revenue estimate was lowered from د.م12.3b to د.م11.9b. Earnings per share (EPS) increased from د.م141 to د.م177 for the same period. Net income is expected to grow by 6.4% next year compared to 20% growth forecast for the Consumer Retailing industry in Morocco. The consensus price target increased from د.م3,615 to د.م3,695. Share price stayed mostly flat at د.م3,220 over the past week.
Is New 90 Day High Low • Dec 01New 90-day high: د.م3,150The company is up 4.0% from its price of د.م3,035 on 01 September 2020. The Moroccan market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,390 per share.
Is New 90 Day High Low • Oct 22New 90-day high: د.م3,084The company is up 4.0% from its price of د.م2,970 on 24 July 2020. The Moroccan market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Retailing industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م1,419 per share.