View Future GrowthRisma 과거 순이익 실적과거 기준 점검 4/6Risma은 연평균 59.9%의 비율로 수입이 증가해 온 반면, Hospitality 산업은 수입이 52.8% 증가했습니다. 매출은 연평균 23.2%의 비율로 증가했습니다. Risma의 자기자본이익률은 15.6%이고 순이익률은 16.5%입니다.핵심 정보59.88%순이익 성장률59.88%주당순이익(EPS) 성장률Hospitality 산업 성장률7.09%매출 성장률23.15%자기자본이익률15.55%순이익률16.51%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Oct 02First half 2024 earnings releasedFirst half 2024 results: Revenue: د.م597.0m (flat on 1H 2023). Net income: د.م75.0m (down 8.8% from 1H 2023). Profit margin: 13% (down from 14% in 1H 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Africa.Reported Earnings • May 04Full year 2023 earnings released: EPS: د.م17.04 (vs د.م10.62 in FY 2022)Full year 2023 results: EPS: د.م17.04 (up from د.م10.62 in FY 2022). Revenue: د.م1.17b (up 13% from FY 2022). Net income: د.م244.1m (up 61% from FY 2022). Profit margin: 21% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 01First half 2023 earnings released: EPS: د.م5.74 (vs د.م2.11 in 1H 2022)First half 2023 results: EPS: د.م5.74 (up from د.م2.11 in 1H 2022). Revenue: د.م593.8m (up 39% from 1H 2022). Net income: د.م82.2m (up 172% from 1H 2022). Profit margin: 14% (up from 7.1% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 02First half 2022 earnings released: EPS: د.م2.11 (vs د.م8.88 loss in 1H 2021)First half 2022 results: EPS: د.م2.11 (up from د.م8.88 loss in 1H 2021). Revenue: د.م426.7m (up 110% from 1H 2021). Net income: د.م30.2m (up د.م157.5m from 1H 2021). Profit margin: 7.1% (up from net loss in 1H 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Hospitality industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.모든 업데이트 보기Recent updatesNew Risk • May 06New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공시 • Apr 30Risma, Annual General Meeting, Jun 02, 2026Risma, Annual General Meeting, Jun 02, 2026. Location: casablanca MoroccoNew Risk • Apr 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (69% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Mar 02New 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: Minor Risks High level of debt (69% net debt to equity). Dividend is not well covered by cash flows (146% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change).Price Target Changed • Dec 25Price target increased by 85% to د.م421Up from د.م228, the current price target is provided by 1 analyst. New target price is 7.9% above last closing price of د.م390. Stock is up 71% over the past year. The company is forecast to post earnings per share of د.م15.10 for next year compared to د.م12.77 last year.New Risk • Oct 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 10% 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 10% per year for the foreseeable future. Minor Risks High level of debt (69% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공시 • Jun 03Risma, Annual General Meeting, Jun 30, 2025Risma, Annual General Meeting, Jun 30, 2025.New Risk • May 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (64% net debt to equity). 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 (14% net profit margin).New Risk • Apr 15New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 9.8% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Mar 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.8% 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 9.8% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Feb 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 5.6% 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks 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 (5.6% average weekly change).Price Target Changed • Feb 24Price target decreased by 12% to د.م228Down from د.م258, the current price target is provided by 1 analyst. New target price is 24% below last closing price of د.م300. Stock is up 32% over the past year. The company posted earnings per share of د.م17.03 last year.Price Target Changed • Dec 25Price target decreased by 12% to د.م228Down from د.م258, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م226. Stock is up 11% over the past year. The company posted earnings per share of د.م17.03 last year.New Risk • Oct 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 33% 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 33% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Oct 02First half 2024 earnings releasedFirst half 2024 results: Revenue: د.م597.0m (flat on 1H 2023). Net income: د.م75.0m (down 8.8% from 1H 2023). Profit margin: 13% (down from 14% in 1H 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Africa.Upcoming Dividend • Jul 11Upcoming dividend of د.م6.00 per shareEligible shareholders must have bought the stock before 18 July 2024. Payment date: 29 July 2024. Trailing yield: 2.5%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (4.4%).공시 • May 24Risma, Annual General Meeting, Jun 20, 2024Risma, Annual General Meeting, Jun 20, 2024. Location: casablanca MoroccoNew Risk • May 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.Reported Earnings • May 04Full year 2023 earnings released: EPS: د.م17.04 (vs د.م10.62 in FY 2022)Full year 2023 results: EPS: د.م17.04 (up from د.م10.62 in FY 2022). Revenue: د.م1.17b (up 13% from FY 2022). Net income: د.م244.1m (up 61% from FY 2022). Profit margin: 21% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).Reported Earnings • Oct 01First half 2023 earnings released: EPS: د.م5.74 (vs د.م2.11 in 1H 2022)First half 2023 results: EPS: د.م5.74 (up from د.م2.11 in 1H 2022). Revenue: د.م593.8m (up 39% from 1H 2022). Net income: د.م82.2m (up 172% from 1H 2022). Profit margin: 14% (up from 7.1% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.New Risk • Aug 06New 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 5.0% 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 (19% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.0% average weekly change).Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م215, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 10x in the Hospitality industry in Africa. Total returns to shareholders of 140% over the past three years.Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م145, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 12x in the Hospitality industry in Africa. Total returns to shareholders of 84% over the past three years.Price Target Changed • Nov 16Price target decreased to د.م150Down from د.م258, the current price target is provided by 1 analyst. New target price is 35% above last closing price of د.م111. Stock is up 0.5% over the past year. The company is forecast to post a net loss per share of د.م3.50 next year compared to a net loss per share of د.م11.99 last year.Reported Earnings • Oct 02First half 2022 earnings released: EPS: د.م2.11 (vs د.م8.88 loss in 1H 2021)First half 2022 results: EPS: د.م2.11 (up from د.م8.88 loss in 1H 2021). Revenue: د.م426.7m (up 110% from 1H 2021). Net income: د.م30.2m (up د.م157.5m from 1H 2021). Profit margin: 7.1% (up from net loss in 1H 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Hospitality industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.Price Target Changed • Apr 27Price target decreased to د.م160Down from د.م258, the current price target is provided by 1 analyst. New target price is 40% above last closing price of د.م114. Stock is up 13% over the past year. The company is forecast to post a net loss per share of د.م11.10 next year compared to a net loss per share of د.م21.14 last year.Is New 90 Day High Low • Mar 10New 90-day low: د.م105The company is down 4.0% from its price of د.م110 on 09 December 2020. The Moroccan market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 3.0% over the same period.Is New 90 Day High Low • Dec 12New 90-day high: د.م114The company is up 26% from its price of د.م90.46 on 11 September 2020. The Moroccan market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period.Is New 90 Day High Low • Nov 12New 90-day high: د.م98.38The company is up 18% from its price of د.م83.19 on 13 August 2020. The Moroccan market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 3.0% over the same period.매출 및 비용 세부 내역Risma가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이CBSE:RIS 매출, 비용 및 순이익 (MAD Millions)날짜매출순이익일반관리비연구개발비31 Dec 251,6342709030 Sep 251,47724710030 Jun 251,32022510031 Mar 251,29220410031 Dec 241,26418310030 Sep 241,2212109030 Jun 241,1782378031 Mar 241,1762419031 Dec 231,1752449030 Sep 231,1892249030 Jun 231,2042049031 Mar 231,1201788031 Dec 221,0371526030 Sep 22893695030 Jun 22749-144031 Mar 22637-932031 Dec 21525-1721030 Sep 21452-267-1030 Jun 21380-362-2031 Mar 21441-3322031 Dec 20503-3035030 Sep 20777-14812030 Jun 201,051618031 Mar 201,2387322031 Dec 191,42514026030 Sep 191,46213132030 Jun 191,49912339031 Mar 191,52511246031 Dec 181,55110154030 Sep 181,5374452030 Jun 181,524-1351031 Mar 181,491-5047031 Dec 171,459-8642030 Sep 171,438-4340030 Jun 171,417138031 Mar 171,4124637031 Dec 161,4069135030 Sep 161,4117735030 Jun 161,4156334031 Mar 161,445-435031 Dec 151,474-7136030 Sep 151,476-8237030 Jun 151,477-92370양질의 수익: RIS는 고품질 수익을 보유하고 있습니다.이익 마진 증가: RIS의 현재 순 이익률 (16.5%)은 지난해 (14.5%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: RIS는 지난 5년 동안 흑자전환하며 연평균 59.9%의 수익 성장을 기록했습니다.성장 가속화: 지난 1년간 RIS 의 수익 증가율(47.3%)은 5년 평균(연간 59.9%)보다 낮습니다.수익 대 산업: RIS의 지난 1년 수익 증가율(47.3%)은 Hospitality 업계의 17.4%를 상회했습니다.자기자본이익률높은 ROE: RIS의 자본 수익률(15.6%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-services 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/19 18:53종가2026/05/19 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 소스Risma는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kacem BenjellounCFG Marches
Reported Earnings • Oct 02First half 2024 earnings releasedFirst half 2024 results: Revenue: د.م597.0m (flat on 1H 2023). Net income: د.م75.0m (down 8.8% from 1H 2023). Profit margin: 13% (down from 14% in 1H 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Africa.
Reported Earnings • May 04Full year 2023 earnings released: EPS: د.م17.04 (vs د.م10.62 in FY 2022)Full year 2023 results: EPS: د.م17.04 (up from د.م10.62 in FY 2022). Revenue: د.م1.17b (up 13% from FY 2022). Net income: د.م244.1m (up 61% from FY 2022). Profit margin: 21% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 01First half 2023 earnings released: EPS: د.م5.74 (vs د.م2.11 in 1H 2022)First half 2023 results: EPS: د.م5.74 (up from د.م2.11 in 1H 2022). Revenue: د.م593.8m (up 39% from 1H 2022). Net income: د.م82.2m (up 172% from 1H 2022). Profit margin: 14% (up from 7.1% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 02First half 2022 earnings released: EPS: د.م2.11 (vs د.م8.88 loss in 1H 2021)First half 2022 results: EPS: د.م2.11 (up from د.م8.88 loss in 1H 2021). Revenue: د.م426.7m (up 110% from 1H 2021). Net income: د.م30.2m (up د.م157.5m from 1H 2021). Profit margin: 7.1% (up from net loss in 1H 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Hospitality industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
New Risk • May 06New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공시 • Apr 30Risma, Annual General Meeting, Jun 02, 2026Risma, Annual General Meeting, Jun 02, 2026. Location: casablanca Morocco
New Risk • Apr 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (69% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Mar 02New 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: Minor Risks High level of debt (69% net debt to equity). Dividend is not well covered by cash flows (146% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change).
Price Target Changed • Dec 25Price target increased by 85% to د.م421Up from د.م228, the current price target is provided by 1 analyst. New target price is 7.9% above last closing price of د.م390. Stock is up 71% over the past year. The company is forecast to post earnings per share of د.م15.10 for next year compared to د.م12.77 last year.
New Risk • Oct 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 10% 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 10% per year for the foreseeable future. Minor Risks High level of debt (69% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • May 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (64% net debt to equity). 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 (14% net profit margin).
New Risk • Apr 15New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 9.8% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Mar 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 9.8% 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 9.8% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Feb 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 5.6% 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks 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 (5.6% average weekly change).
Price Target Changed • Feb 24Price target decreased by 12% to د.م228Down from د.م258, the current price target is provided by 1 analyst. New target price is 24% below last closing price of د.م300. Stock is up 32% over the past year. The company posted earnings per share of د.م17.03 last year.
Price Target Changed • Dec 25Price target decreased by 12% to د.م228Down from د.م258, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م226. Stock is up 11% over the past year. The company posted earnings per share of د.م17.03 last year.
New Risk • Oct 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 33% 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 33% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Oct 02First half 2024 earnings releasedFirst half 2024 results: Revenue: د.م597.0m (flat on 1H 2023). Net income: د.م75.0m (down 8.8% from 1H 2023). Profit margin: 13% (down from 14% in 1H 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Africa.
Upcoming Dividend • Jul 11Upcoming dividend of د.م6.00 per shareEligible shareholders must have bought the stock before 18 July 2024. Payment date: 29 July 2024. Trailing yield: 2.5%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (4.4%).
공시 • May 24Risma, Annual General Meeting, Jun 20, 2024Risma, Annual General Meeting, Jun 20, 2024. Location: casablanca Morocco
New Risk • May 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • May 04Full year 2023 earnings released: EPS: د.م17.04 (vs د.م10.62 in FY 2022)Full year 2023 results: EPS: د.م17.04 (up from د.م10.62 in FY 2022). Revenue: د.م1.17b (up 13% from FY 2022). Net income: د.م244.1m (up 61% from FY 2022). Profit margin: 21% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).
Reported Earnings • Oct 01First half 2023 earnings released: EPS: د.م5.74 (vs د.م2.11 in 1H 2022)First half 2023 results: EPS: د.م5.74 (up from د.م2.11 in 1H 2022). Revenue: د.م593.8m (up 39% from 1H 2022). Net income: د.م82.2m (up 172% from 1H 2022). Profit margin: 14% (up from 7.1% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 06New 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 5.0% 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 (19% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.0% average weekly change).
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م215, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 10x in the Hospitality industry in Africa. Total returns to shareholders of 140% over the past three years.
Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م145, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 12x in the Hospitality industry in Africa. Total returns to shareholders of 84% over the past three years.
Price Target Changed • Nov 16Price target decreased to د.م150Down from د.م258, the current price target is provided by 1 analyst. New target price is 35% above last closing price of د.م111. Stock is up 0.5% over the past year. The company is forecast to post a net loss per share of د.م3.50 next year compared to a net loss per share of د.م11.99 last year.
Reported Earnings • Oct 02First half 2022 earnings released: EPS: د.م2.11 (vs د.م8.88 loss in 1H 2021)First half 2022 results: EPS: د.م2.11 (up from د.م8.88 loss in 1H 2021). Revenue: د.م426.7m (up 110% from 1H 2021). Net income: د.م30.2m (up د.م157.5m from 1H 2021). Profit margin: 7.1% (up from net loss in 1H 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Hospitality industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
Price Target Changed • Apr 27Price target decreased to د.م160Down from د.م258, the current price target is provided by 1 analyst. New target price is 40% above last closing price of د.م114. Stock is up 13% over the past year. The company is forecast to post a net loss per share of د.م11.10 next year compared to a net loss per share of د.م21.14 last year.
Is New 90 Day High Low • Mar 10New 90-day low: د.م105The company is down 4.0% from its price of د.م110 on 09 December 2020. The Moroccan market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 3.0% over the same period.
Is New 90 Day High Low • Dec 12New 90-day high: د.م114The company is up 26% from its price of د.م90.46 on 11 September 2020. The Moroccan market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period.
Is New 90 Day High Low • Nov 12New 90-day high: د.م98.38The company is up 18% from its price of د.م83.19 on 13 August 2020. The Moroccan market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 3.0% over the same period.