Sanlam Maroc (SAH) 주식 개요Sanlam Maroc은 모로코의 개인 및 기관 고객에게 보험 서비스를 제공합니다. 자세히 보기SAH 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적5/6재무 건전성4/6배당5/6강점주가수익률(13.3x)이 MA 시장(19.4x)보다 낮습니다.지난 1년간 수익이 33.3% 증가했습니다.3.29% 의 안정적인 배당금을 지급합니다.위험 분석지난 3개월 동안 주가 변동성이 MA 시장과 비교했을 때 매우 높았습니다.모든 위험 점검 보기SAH Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW500,622 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG500,622 investors already sharing narrativesYour Fair Valueد.مCurrent Priceد.م2.98k119.2% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-70m8b2016201920222025202620282031Revenue د.م8.5bEarnings د.م1.1bAdvancedSet Fair ValueView all narrativesSanlam Maroc 경쟁사AtlantaSanad Société AnonymeSymbol: CBSE:ATLMarket cap: د.م7.6bWafa AssuranceSymbol: CBSE:WAAMarket cap: د.م19.4bAFMASymbol: CBSE:AFMMarket cap: د.م1.2bAgmaSymbol: CBSE:AGMMarket cap: د.م1.4b가격 이력 및 성과Sanlam Maroc 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가د.م2,980.0052주 최고가د.م3,170.0052주 최저가د.م1,787.00베타-0.0271개월 변동0.34%3개월 변동2.76%1년 변동62.40%3년 변동192.16%5년 변동142.28%IPO 이후 변동114.70%최근 뉴스 및 업데이트Declared Dividend • Jun 22Dividend increased to د.م98.00Dividend of د.م98.00 is 21% higher than last year. Ex-date: 18th August 2026 Payment date: 3rd September 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover.New Risk • Apr 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م3,140, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 289% over the past three years.Reported Earnings • Mar 30Full year 2025 earnings released: EPS: د.م224 (vs د.م168 in FY 2024)Full year 2025 results: EPS: د.م224 (up from د.م168 in FY 2024). Revenue: د.م7.14b (up 7.2% from FY 2024). Net income: د.م921.0m (up 33% from FY 2024). Profit margin: 13% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 32% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to د.م2,500, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 178% over the past three years.공시 • Mar 25Sanlam Maroc, Annual General Meeting, Apr 24, 2026Sanlam Maroc, Annual General Meeting, Apr 24, 2026. Location: casablanca Morocco더 많은 업데이트 보기Recent updatesDeclared Dividend • Jun 22Dividend increased to د.م98.00Dividend of د.م98.00 is 21% higher than last year. Ex-date: 18th August 2026 Payment date: 3rd September 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover.New Risk • Apr 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م3,140, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 289% over the past three years.Reported Earnings • Mar 30Full year 2025 earnings released: EPS: د.م224 (vs د.م168 in FY 2024)Full year 2025 results: EPS: د.م224 (up from د.م168 in FY 2024). Revenue: د.م7.14b (up 7.2% from FY 2024). Net income: د.م921.0m (up 33% from FY 2024). Profit margin: 13% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 32% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to د.م2,500, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 178% over the past three years.공시 • Mar 25Sanlam Maroc, Annual General Meeting, Apr 24, 2026Sanlam Maroc, Annual General Meeting, Apr 24, 2026. Location: casablanca MoroccoNew Risk • Mar 21New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).Price Target Changed • Feb 16Price target increased by 31% to د.م2,666Up from د.م2,031, the current price target is provided by 1 analyst. New target price is 21% above last closing price of د.م2,200. Stock is up 10.0% over the past year. The company is forecast to post earnings per share of د.م347 for next year compared to د.م165 last year.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. 8 experienced directors. No highly experienced directors. 1 independent director (7 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Dec 25Price target decreased by 7.0% to د.م2,031Down from د.م2,185, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م2,075. Stock is up 11% over the past year. The company is forecast to post earnings per share of د.م347 for next year compared to د.م165 last year.Major Estimate Revision • Oct 16Consensus revenue estimates increase by 21%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from د.م7.16b to د.م8.66b. EPS estimate increased from د.م173 to د.م347 per share. Net income forecast to grow 110% next year vs 13% growth forecast for Insurance industry in Morocco. Consensus price target down from د.م2,185 to د.م2,031. Share price rose 2.3% to د.م1,910 over the past week.Price Target Changed • Oct 15Price target decreased by 7.0% to د.م2,031Down from د.م2,185, the current price target is provided by 1 analyst. New target price is 6.9% above last closing price of د.م1,900. Stock is up 2.6% over the past year. The company is forecast to post earnings per share of د.م347 for next year compared to د.م165 last year.New Risk • Oct 06New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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. This is currently the only risk that has been identified for the company.Upcoming Dividend • Aug 18Upcoming dividend of د.م81.00 per shareEligible shareholders must have bought the stock before 25 August 2025. Payment date: 03 September 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Moroccan dividend payers (4.0%). Higher than average of industry peers (3.2%).Declared Dividend • Jul 13Dividend increased to د.م81.00Dividend of د.م81.00 is 5.2% higher than last year. Ex-date: 25th August 2025 Payment date: 3rd September 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to د.م2,142, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Insurance industry in Africa. Total returns to shareholders of 74% over the past three years.공시 • Mar 24Sanlam Maroc, Annual General Meeting, May 28, 2025Sanlam Maroc, Annual General Meeting, May 28, 2025.Reported Earnings • Mar 21Full year 2024 earnings releasedFull year 2024 results: Revenue: د.م7.46b (up 7.0% from FY 2023). Net income: د.م680.5m (up 22% from FY 2023). Profit margin: 9.1% (up from 8.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 34% decline forecast for the Insurance industry in Africa.Price Target Changed • Feb 24Price target increased by 28% to د.م2,147Up from د.م1,671, the current price target is provided by 1 analyst. New target price is 17% above last closing price of د.م1,840. Stock is up 33% over the past year. The company is forecast to post earnings per share of د.م178 for next year compared to د.م136 last year.Board Change • Feb 24Less 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. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. 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 20Consensus EPS estimates increase by 20%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from د.م7.09b to د.م6.96b. EPS estimate rose from د.م148 to د.م178. Net income forecast to grow 31% next year vs 8.8% growth forecast for Insurance industry in Morocco. Consensus price target up from د.م1,671 to د.م2,147. Share price was steady at د.م1,919 over the past week.New Risk • Oct 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end).Upcoming Dividend • Aug 15Upcoming dividend of د.م77.00 per shareEligible shareholders must have bought the stock before 22 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Moroccan dividend payers (4.3%). In line with average of industry peers (3.8%).Price Target Changed • Apr 13Price target increased by 35% to د.م1,671Up from د.م1,237, the current price target is provided by 1 analyst. New target price is 7.8% above last closing price of د.م1,550. Stock is up 72% over the past year. The company is forecast to post earnings per share of د.م148 for next year compared to د.م136 last year.Major Estimate Revision • Apr 13Consensus EPS estimates increase by 25%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from د.م7.22b to د.م7.09b. EPS estimate rose from د.م118 to د.م148. Net income forecast to grow 9.2% next year vs 13% growth forecast for Insurance industry in Morocco. Consensus price target up from د.م1,237 to د.م1,671. Share price rose 3.2% to د.م1,550 over the past week.공시 • Apr 11Sanlam Maroc, Annual General Meeting, Jun 06, 2024Sanlam Maroc, Annual General Meeting, Jun 06, 2024.Reported Earnings • Apr 01Full year 2023 earnings releasedFull year 2023 results: Revenue: د.م6.97b (up 28% from FY 2022). Net income: د.م559.4m (up د.م629.6m from FY 2022). Profit margin: 8.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 27% decline forecast for the Insurance industry in Africa.New Risk • Mar 31New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 6.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.4% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).New Risk • Feb 16New 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 Share price has been highly volatile over the past 3 months (7.0% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).Board Change • Nov 28Less 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. 8 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Aug 15Upcoming dividend of د.م36.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 22 August 2023. Payment date: 31 August 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (3.6%).Price Target Changed • Jul 10Price target decreased by 13% to د.م1,212Down from د.م1,394, the current price target is an average from 2 analysts. New target price is 19% above last closing price of د.م1,021. Stock is down 22% over the past year. The company is forecast to post earnings per share of د.م141 next year compared to a net loss per share of د.م17.05 last year.Board Change • Mar 31Less 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. 8 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to د.م841, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 20x in the Insurance industry in Morocco. Total loss to shareholders of 34% over the past three years.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. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. 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 • Aug 05Less 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. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Jun 27Upcoming dividend of د.م35.00 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (3.3%).Board Change • Apr 29Less 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. No highly experienced directors. 2 independent directors (7 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. 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 • Apr 03Less 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. No highly experienced directors. 2 independent directors (7 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Jan 05San Jv (Rf) (Pty) Ltd. cancelled the acquisition of 22.8% stake in SAHAM Assurance S.A. (CBSE:SAH) from Said Alj, Sanam Holdings S.A. and First Commercial Estate Company S.A.R.L.San Jv (Rf) (Pty) Ltd. agreed to acquire 22.8% stake in SAHAM Assurance S.A. (CBSE:SAH) from Said Alj, Sanam Holdings S.A. and First Commercial Estate Company S.A.R.L. for MAD 1.2 billion on May 3, 2021. As part of the Transaction, the Sellers have irrevocably undertaken to reinvest fifty percent of the consideration to acquire shares in Sanlam on the open market at the prevailing share price. Said Alj will continue to provide the Sanlam Group with strategic. The transaction will be funded by Sanlam using debt facilities. The Transaction is subject to certain conditions including (but not limited to) approvals from the relevant regulatory authorities to the extent required both in South Africa and Morocco. It is expected to close by the end of the third quarter. N M Rothschild & Sons Limited and Emerge Invest acted as financial advisor to Sanlam Limited, parent of San Jv (Rf) (Pty) Ltd. Allen & Overy LLP and Webber Wentzel acted as legal advisor to Sanlam Limited (JSE : SLM), parent of San Jv (Rf) (Pty) Ltd. San Jv (Rf) (Pty) Ltd. cancelled the acquisition of 22.8% stake in SAHAM Assurance S.A. (CBSE:SAH) from Said Alj, Sanam Holdings S.A. and First Commercial Estate Company S.A.R.L. on January 3, 2022. The conditions precedent to the transaction were not fulfilled and the transaction has, accordingly, lapsed. SAN JV’s shareholding in SAHAM Assurance Maroc remains at 61.7%.Reported Earnings • Oct 09First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: د.م3.54b (up 50% from 1H 2020). Net income: د.م384.1m (up د.م488.0m from 1H 2020). Profit margin: 11% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue.주주 수익률SAHMA InsuranceMA 시장7D-0.3%-0.1%2.2%1Y62.4%11.6%0.6%전체 주주 수익률 보기수익률 대 산업: SAH은 지난 1년 동안 11.6%의 수익을 기록한 MA Insurance 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: SAH은 지난 1년 동안 0.6%를 기록한 MA 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is SAH's price volatile compared to industry and market?SAH volatilitySAH Average Weekly Movement8.3%Insurance Industry Average Movement5.1%Market Average Movement4.5%10% most volatile stocks in MA Market7.2%10% least volatile stocks in MA Market2.8%안정적인 주가: SAH의 주가는 지난 3개월 동안 MA 시장보다 변동성이 컸습니다.시간에 따른 변동성: SAH의 주간 변동성(8%)은 지난 1년 동안 안정적이었지만 MA 종목 중 상위 75%보다 높습니다.회사 소개설립직원 수CEO웹사이트1949n/aYahia Chraibiwww.sanlam.ma산람 마록은 모로코의 개인 및 기관 고객에게 보험 서비스를 제공합니다. 자동차/오토바이, 개인 사고, 주택, 은퇴, 사냥, 여행, 유람선, 건강, 사망, 차용자, 학교 계속 보험을 제공합니다. 또한 선박, 물품 운송, 신체 및 어선 등의 재산 보험도 제공합니다.더 보기Sanlam Maroc 기초 지표 요약Sanlam Maroc의 순이익과 매출은 시가총액과 어떻게 비교됩니까?SAH 기초 통계시가총액د.م12.27b순이익 (TTM)د.م921.04m매출 (TTM)د.م7.14b13.3x주가수익비율(P/E)1.7x주가매출비율(P/S)SAH는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표SAH 손익계산서 (TTM)매출د.م7.14b매출원가د.م5.61b총이익د.م1.53b기타 비용د.م609.11m순이익د.م921.04m최근 보고된 실적Dec 31, 2025다음 실적 발표일해당 없음주당순이익(EPS)223.72총이익률21.44%순이익률12.91%부채/자본 비율14.8%SAH의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당3.3%현재 배당 수익률44%배당 성향SAH는 안정적으로 배당을 지급합니까?SAH 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 SAH를 매수해야 하나요?Sanlam Maroc 배당 일정배당락일Aug 19 2026배당 지급일Sep 03 2026배당락일까지 남은 일수42 days배당 지급일까지 남은 일수57 daysSAH는 안정적으로 배당을 지급합니까?SAH 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/07 15:59종가2026/07/03 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 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Sanlam Maroc는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kais KriaaAlphaMenaRanya GnabaAlphaMenaDounia FilaliBmce Capital Bourse
Declared Dividend • Jun 22Dividend increased to د.م98.00Dividend of د.م98.00 is 21% higher than last year. Ex-date: 18th August 2026 Payment date: 3rd September 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Apr 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م3,140, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 289% over the past three years.
Reported Earnings • Mar 30Full year 2025 earnings released: EPS: د.م224 (vs د.م168 in FY 2024)Full year 2025 results: EPS: د.م224 (up from د.م168 in FY 2024). Revenue: د.م7.14b (up 7.2% from FY 2024). Net income: د.م921.0m (up 33% from FY 2024). Profit margin: 13% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 32% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to د.م2,500, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 178% over the past three years.
공시 • Mar 25Sanlam Maroc, Annual General Meeting, Apr 24, 2026Sanlam Maroc, Annual General Meeting, Apr 24, 2026. Location: casablanca Morocco
Declared Dividend • Jun 22Dividend increased to د.م98.00Dividend of د.م98.00 is 21% higher than last year. Ex-date: 18th August 2026 Payment date: 3rd September 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Apr 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م3,140, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 289% over the past three years.
Reported Earnings • Mar 30Full year 2025 earnings released: EPS: د.م224 (vs د.م168 in FY 2024)Full year 2025 results: EPS: د.م224 (up from د.م168 in FY 2024). Revenue: د.م7.14b (up 7.2% from FY 2024). Net income: د.م921.0m (up 33% from FY 2024). Profit margin: 13% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 32% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to د.م2,500, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 178% over the past three years.
공시 • Mar 25Sanlam Maroc, Annual General Meeting, Apr 24, 2026Sanlam Maroc, Annual General Meeting, Apr 24, 2026. Location: casablanca Morocco
New Risk • Mar 21New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).
Price Target Changed • Feb 16Price target increased by 31% to د.م2,666Up from د.م2,031, the current price target is provided by 1 analyst. New target price is 21% above last closing price of د.م2,200. Stock is up 10.0% over the past year. The company is forecast to post earnings per share of د.م347 for next year compared to د.م165 last year.
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. 8 experienced directors. No highly experienced directors. 1 independent director (7 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Dec 25Price target decreased by 7.0% to د.م2,031Down from د.م2,185, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م2,075. Stock is up 11% over the past year. The company is forecast to post earnings per share of د.م347 for next year compared to د.م165 last year.
Major Estimate Revision • Oct 16Consensus revenue estimates increase by 21%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from د.م7.16b to د.م8.66b. EPS estimate increased from د.م173 to د.م347 per share. Net income forecast to grow 110% next year vs 13% growth forecast for Insurance industry in Morocco. Consensus price target down from د.م2,185 to د.م2,031. Share price rose 2.3% to د.م1,910 over the past week.
Price Target Changed • Oct 15Price target decreased by 7.0% to د.م2,031Down from د.م2,185, the current price target is provided by 1 analyst. New target price is 6.9% above last closing price of د.م1,900. Stock is up 2.6% over the past year. The company is forecast to post earnings per share of د.م347 for next year compared to د.م165 last year.
New Risk • Oct 06New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Aug 18Upcoming dividend of د.م81.00 per shareEligible shareholders must have bought the stock before 25 August 2025. Payment date: 03 September 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Moroccan dividend payers (4.0%). Higher than average of industry peers (3.2%).
Declared Dividend • Jul 13Dividend increased to د.م81.00Dividend of د.م81.00 is 5.2% higher than last year. Ex-date: 25th August 2025 Payment date: 3rd September 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to د.م2,142, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Insurance industry in Africa. Total returns to shareholders of 74% over the past three years.
공시 • Mar 24Sanlam Maroc, Annual General Meeting, May 28, 2025Sanlam Maroc, Annual General Meeting, May 28, 2025.
Reported Earnings • Mar 21Full year 2024 earnings releasedFull year 2024 results: Revenue: د.م7.46b (up 7.0% from FY 2023). Net income: د.م680.5m (up 22% from FY 2023). Profit margin: 9.1% (up from 8.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 34% decline forecast for the Insurance industry in Africa.
Price Target Changed • Feb 24Price target increased by 28% to د.م2,147Up from د.م1,671, the current price target is provided by 1 analyst. New target price is 17% above last closing price of د.م1,840. Stock is up 33% over the past year. The company is forecast to post earnings per share of د.م178 for next year compared to د.م136 last year.
Board Change • Feb 24Less 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. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. 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 20Consensus EPS estimates increase by 20%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from د.م7.09b to د.م6.96b. EPS estimate rose from د.م148 to د.م178. Net income forecast to grow 31% next year vs 8.8% growth forecast for Insurance industry in Morocco. Consensus price target up from د.م1,671 to د.م2,147. Share price was steady at د.م1,919 over the past week.
New Risk • Oct 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end).
Upcoming Dividend • Aug 15Upcoming dividend of د.م77.00 per shareEligible shareholders must have bought the stock before 22 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Moroccan dividend payers (4.3%). In line with average of industry peers (3.8%).
Price Target Changed • Apr 13Price target increased by 35% to د.م1,671Up from د.م1,237, the current price target is provided by 1 analyst. New target price is 7.8% above last closing price of د.م1,550. Stock is up 72% over the past year. The company is forecast to post earnings per share of د.م148 for next year compared to د.م136 last year.
Major Estimate Revision • Apr 13Consensus EPS estimates increase by 25%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from د.م7.22b to د.م7.09b. EPS estimate rose from د.م118 to د.م148. Net income forecast to grow 9.2% next year vs 13% growth forecast for Insurance industry in Morocco. Consensus price target up from د.م1,237 to د.م1,671. Share price rose 3.2% to د.م1,550 over the past week.
공시 • Apr 11Sanlam Maroc, Annual General Meeting, Jun 06, 2024Sanlam Maroc, Annual General Meeting, Jun 06, 2024.
Reported Earnings • Apr 01Full year 2023 earnings releasedFull year 2023 results: Revenue: د.م6.97b (up 28% from FY 2022). Net income: د.م559.4m (up د.م629.6m from FY 2022). Profit margin: 8.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 27% decline forecast for the Insurance industry in Africa.
New Risk • Mar 31New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 6.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.4% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).
New Risk • Feb 16New 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 Share price has been highly volatile over the past 3 months (7.0% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).
Board Change • Nov 28Less 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. 8 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Aug 15Upcoming dividend of د.م36.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 22 August 2023. Payment date: 31 August 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (3.6%).
Price Target Changed • Jul 10Price target decreased by 13% to د.م1,212Down from د.م1,394, the current price target is an average from 2 analysts. New target price is 19% above last closing price of د.م1,021. Stock is down 22% over the past year. The company is forecast to post earnings per share of د.م141 next year compared to a net loss per share of د.م17.05 last year.
Board Change • Mar 31Less 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. 8 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to د.م841, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 20x in the Insurance industry in Morocco. Total loss to shareholders of 34% over the past three years.
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. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. 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 • Aug 05Less 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. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Jun 27Upcoming dividend of د.م35.00 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (3.3%).
Board Change • Apr 29Less 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. No highly experienced directors. 2 independent directors (7 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. 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 • Apr 03Less 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. No highly experienced directors. 2 independent directors (7 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Jan 05San Jv (Rf) (Pty) Ltd. cancelled the acquisition of 22.8% stake in SAHAM Assurance S.A. (CBSE:SAH) from Said Alj, Sanam Holdings S.A. and First Commercial Estate Company S.A.R.L.San Jv (Rf) (Pty) Ltd. agreed to acquire 22.8% stake in SAHAM Assurance S.A. (CBSE:SAH) from Said Alj, Sanam Holdings S.A. and First Commercial Estate Company S.A.R.L. for MAD 1.2 billion on May 3, 2021. As part of the Transaction, the Sellers have irrevocably undertaken to reinvest fifty percent of the consideration to acquire shares in Sanlam on the open market at the prevailing share price. Said Alj will continue to provide the Sanlam Group with strategic. The transaction will be funded by Sanlam using debt facilities. The Transaction is subject to certain conditions including (but not limited to) approvals from the relevant regulatory authorities to the extent required both in South Africa and Morocco. It is expected to close by the end of the third quarter. N M Rothschild & Sons Limited and Emerge Invest acted as financial advisor to Sanlam Limited, parent of San Jv (Rf) (Pty) Ltd. Allen & Overy LLP and Webber Wentzel acted as legal advisor to Sanlam Limited (JSE : SLM), parent of San Jv (Rf) (Pty) Ltd. San Jv (Rf) (Pty) Ltd. cancelled the acquisition of 22.8% stake in SAHAM Assurance S.A. (CBSE:SAH) from Said Alj, Sanam Holdings S.A. and First Commercial Estate Company S.A.R.L. on January 3, 2022. The conditions precedent to the transaction were not fulfilled and the transaction has, accordingly, lapsed. SAN JV’s shareholding in SAHAM Assurance Maroc remains at 61.7%.
Reported Earnings • Oct 09First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: د.م3.54b (up 50% from 1H 2020). Net income: د.م384.1m (up د.م488.0m from 1H 2020). Profit margin: 11% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue.
