View ValuationCiments du Maroc Société Anonyme 향후 성장Future 기준 점검 4/6Ciments du Maroc Société Anonyme (는) 각각 연간 16% 및 16% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 18.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 38.6% 로 예상됩니다.핵심 정보16.0%이익 성장률18.78%EPS 성장률Basic Materials 이익 성장20.9%매출 성장률16.0%향후 자기자본이익률38.60%애널리스트 커버리지Low마지막 업데이트14 Aug 2026최근 향후 성장 업데이트Price Target Changed • May 06Price target increased by 15% to د.م2,386Up from د.م2,066, the current price target is provided by 1 analyst. New target price is 41% above last closing price of د.م1,698. Stock is down 12% over the past year. The company is forecast to post earnings per share of د.م86.60 for next year compared to د.م95.42 last year.Major Estimate Revision • Oct 07Consensus revenue estimates increase by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from د.م4.93b to د.م5.62b. EPS estimate unchanged from د.م67.70 at last update. Basic Materials industry in Morocco expected to see average net income growth of 40% next year. Consensus price target up from د.م1,771 to د.م2,033. Share price fell 4.9% to د.م1,950 over the past week.Price Target Changed • Aug 31Price target increased by 8.6% to د.م1,771Up from د.م1,631, the current price target is provided by 1 analyst. New target price is 16% below last closing price of د.م2,100. Stock is up 19% over the past year. The company is forecast to post earnings per share of د.م78.70 for next year compared to د.م63.33 last year.Price Target Changed • Jun 03Price target decreased by 7.3% to د.م1,672Down from د.م1,803, the current price target is provided by 1 analyst. New target price is 16% below last closing price of د.م1,985. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.م89.70 for next year compared to د.م63.33 last year.Price Target Changed • Jul 11Price target increased by 16% to د.م1,648Up from د.م1,416, the current price target is provided by 1 analyst. New target price is 6.9% below last closing price of د.م1,770. Stock is up 19% over the past year. The company is forecast to post earnings per share of د.م82.50 for next year compared to د.م67.21 last year.Price Target Changed • May 21Price target increased by 10% to د.م1,529Up from د.م1,386, the current price target is provided by 1 analyst. New target price is 14% above last closing price of د.م1,339. Stock is down 22% over the past year. The company is forecast to post earnings per share of د.م67.70 for next year compared to د.م62.70 last year.모든 업데이트 보기Recent updatesUpcoming Dividend • Jun 29Upcoming dividend of د.م65.00 per shareEligible shareholders must have bought the stock before 06 July 2026. Payment date: 15 July 2026. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Moroccan dividend payers (4.8%). In line with average of industry peers (4.1%).Declared Dividend • Jun 10Dividend increased to د.م65.00Dividend of د.م65.00 is 8.3% higher than last year. Ex-date: 6th July 2026 Payment date: 15th July 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • May 06Price target increased by 15% to د.م2,386Up from د.م2,066, the current price target is provided by 1 analyst. New target price is 41% above last closing price of د.م1,698. Stock is down 12% over the past year. The company is forecast to post earnings per share of د.م86.60 for next year compared to د.م95.42 last year.New Risk • May 02New major risk - Revenue and earnings growthEarnings have declined by 0.6% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 0.6% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공고 • Apr 27Ciments du Maroc Société Anonyme, Annual General Meeting, May 25, 2026Ciments du Maroc Société Anonyme, Annual General Meeting, May 25, 2026. Location: casablanca MoroccoNew Risk • Apr 12New 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 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.Major Estimate Revision • Oct 07Consensus revenue estimates increase by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from د.م4.93b to د.م5.62b. EPS estimate unchanged from د.م67.70 at last update. Basic Materials industry in Morocco expected to see average net income growth of 40% next year. Consensus price target up from د.م1,771 to د.م2,033. Share price fell 4.9% to د.م1,950 over the past week.Reported Earnings • Sep 28First half 2025 earnings released: EPS: د.م42.00 (vs د.م30.00 in 1H 2024)First half 2025 results: EPS: د.م42.00 (up from د.م30.00 in 1H 2024). Revenue: د.م2.20b (up 10% from 1H 2024). Net income: د.م601.0m (up 39% from 1H 2024). Profit margin: 27% (up from 22% in 1H 2024). 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 13% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Aug 31Price target increased by 8.6% to د.م1,771Up from د.م1,631, the current price target is provided by 1 analyst. New target price is 16% below last closing price of د.م2,100. Stock is up 19% over the past year. The company is forecast to post earnings per share of د.م78.70 for next year compared to د.م63.33 last year.Upcoming Dividend • Jul 11Upcoming dividend of د.م60.00 per shareEligible shareholders must have bought the stock before 18 July 2025. Payment date: 29 July 2025. Payout ratio and cash payout ratio are on the higher end at 95% and 80% respectively. Trailing yield: 2.9%. Lower than top quartile of Moroccan dividend payers (4.1%). Lower than average of industry peers (4.2%).Price Target Changed • Jun 03Price target decreased by 7.3% to د.م1,672Down from د.م1,803, the current price target is provided by 1 analyst. New target price is 16% below last closing price of د.م1,985. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.م89.70 for next year compared to د.م63.33 last year.Reported Earnings • Apr 30Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: د.م63.33 (down from د.م67.21 in FY 2023). Revenue: د.م4.44b (up 2.5% from FY 2023). Net income: د.م914.2m (down 5.8% from FY 2023). Profit margin: 21% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 8.4%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.공고 • Apr 29Ciments du Maroc Société Anonyme, Annual General Meeting, May 26, 2025Ciments du Maroc Société Anonyme, Annual General Meeting, May 26, 2025.New Risk • Apr 18New 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: 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.Price Target Changed • Jul 11Price target increased by 16% to د.م1,648Up from د.م1,416, the current price target is provided by 1 analyst. New target price is 6.9% below last closing price of د.م1,770. Stock is up 19% over the past year. The company is forecast to post earnings per share of د.م82.50 for next year compared to د.م67.21 last year.Upcoming Dividend • Jun 27Upcoming dividend of د.م60.00 per shareEligible shareholders must have bought the stock before 04 July 2024. Payment date: 15 July 2024. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Moroccan dividend payers (4.3%). Lower than average of industry peers (3.8%).Reported Earnings • Apr 26Full year 2023 earnings released: EPS: د.م67.21 (vs د.م62.70 in FY 2022)Full year 2023 results: EPS: د.م67.21 (up from د.م62.70 in FY 2022). Revenue: د.م4.34b (up 6.6% from FY 2022). Net income: د.م970.2m (up 7.2% from FY 2022). Profit margin: 22% (in line with FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year.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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Dec 26New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 High level of non-cash earnings (28% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Upcoming Dividend • Jun 30Upcoming dividend of د.م60.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 17 July 2023. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 3.9%. Lower than top quartile of Moroccan dividend payers (4.6%). Lower than average of industry peers (4.9%).Price Target Changed • May 21Price target increased by 10% to د.م1,529Up from د.م1,386, the current price target is provided by 1 analyst. New target price is 14% above last closing price of د.م1,339. Stock is down 22% over the past year. The company is forecast to post earnings per share of د.م67.70 for next year compared to د.م62.70 last year.Major Estimate Revision • May 10Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from د.م4.73b to د.م4.26b. EPS estimate also fell from د.م77.20 per share to د.م67.70 per share. Net income forecast to grow 8.1% next year vs 31% growth forecast for Basic Materials industry in Morocco. Consensus price target down from د.م1,597 to د.م1,386. Share price rose 4.9% to د.م1,303 over the past week.Price Target Changed • May 10Price target decreased by 19% to د.م1,386Down from د.م1,708, the current price target is provided by 1 analyst. New target price is 6.4% above last closing price of د.م1,303. Stock is down 26% over the past year. The company is forecast to post earnings per share of د.م67.70 for next year compared to د.م62.70 last year.Reported Earnings • May 02Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: د.م62.70 (down from د.م82.92 in FY 2021). Revenue: د.م4.26b (up 2.7% from FY 2021). Net income: د.م905.1m (down 24% from FY 2021). Profit margin: 21% (down from 29% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) exceeded analyst estimates by 6.7%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Buying Opportunity • Apr 14Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.3%. The fair value is estimated to be د.م1,532, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.3%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 28% in the next 2 years.Buying Opportunity • Mar 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be د.م1,522, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.3%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 28% in the next 2 years.Upcoming Dividend • Jun 27Upcoming dividend of د.م95.00 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 15 July 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.7%. Within top quartile of Moroccan dividend payers (4.4%). In line with average of industry peers (6.1%).Price Target Changed • May 24Price target decreased to د.م1,679Down from د.م1,853, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م1,700. Stock is down 9.3% over the past year. The company is forecast to post earnings per share of د.م49.60 for next year compared to د.م82.92 last year.Price Target Changed • May 04Price target increased to د.م1,853Up from د.م1,701, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of د.م1,830. Stock is up 0.5% over the past year. The company is forecast to post earnings per share of د.م60.60 for next year compared to د.م49.12 last year.Reported Earnings • Oct 05First half 2021 earnings released: EPS د.م40.00 (vs د.م13.00 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: د.م1.99b (up 18% from 1H 2020). Net income: د.م575.1m (up 202% from 1H 2020). Profit margin: 29% (up from 11% in 1H 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Upcoming Dividend • Jun 29Upcoming dividend of د.م100.00 per shareEligible shareholders must have bought the stock before 06 July 2021. Payment date: 15 July 2021. Trailing yield: 4.9%. Within top quartile of Moroccan dividend payers (4.9%). In line with average of industry peers (4.9%).Reported Earnings • Apr 29Full year 2020 earnings released: EPS د.م49.12 (vs د.م73.79 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: د.م3.70b (down 7.4% from FY 2019). Net income: د.م709.1m (down 33% from FY 2019). Profit margin: 19% (down from 27% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Price Target Changed • Apr 02Price target decreased to د.م1,426Down from د.م1,551, the current price target is provided by 1 analyst. New target price is 17% below last closing price of د.م1,726. Stock is up 35% over the past year.Is New 90 Day High Low • Jan 27New 90-day high: د.م1,683The company is up 15% from its price of د.م1,460 on 28 October 2020. The Moroccan market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 46% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م746 per share.Is New 90 Day High Low • Jan 01New 90-day high: د.م1,679The company is up 15% from its price of د.م1,460 on 02 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 43% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م745 per share.Is New 90 Day High Low • Dec 12New 90-day high: د.م1,632The company is up 10.0% from its price of د.م1,480 on 11 September 2020. The Moroccan market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م746 per share.Is New 90 Day High Low • Nov 17New 90-day high: د.م1,522The company is up 3.0% from its price of د.م1,479 on 19 August 2020. The Moroccan market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م620 per share.Is New 90 Day High Low • Sep 28New 90-day low: د.م1,400The company is down 1.0% from its price of د.م1,420 on 30 June 2020. The Moroccan market is also down 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Basic Materials industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م473 per share.이익 및 매출 성장 예측CBSE:CMA - 애널리스트 향후 추정치 및 과거 재무 데이터 (MAD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20289,2642,273N/AN/A112/31/20278,4232,0162,2792,594112/31/20267,5441,7392,2382,580112/31/20255,4591,377-8621,865N/A9/30/20255,0251,230N/AN/AN/A6/30/20254,5901,0829813,627N/A3/31/20254,4889981,0312,446N/A12/31/20244,3879141,0811,265N/A9/30/20244,280940N/AN/AN/A6/30/20244,1749651,1761,285N/A3/31/20244,2539681,1891,324N/A12/31/20234,3339701,2021,363N/A9/30/20234,268920N/AN/AN/A6/30/20234,2038697431,026N/A3/31/20234,135887441765N/A12/31/20224,068905138505N/A9/30/20224,1221,000N/AN/AN/A6/30/20224,1761,0966341,011N/A3/31/20224,1611,1469711,294N/A12/31/20214,1461,1971,3071,578N/A9/30/20214,0751,146N/AN/AN/A6/30/20214,0041,094N/AN/AN/A3/31/20213,853902N/AN/AN/A12/31/20203,7027091,2061,308N/A9/30/20203,666732N/AN/AN/A6/30/20203,630756N/AN/AN/A3/31/20203,814910N/AN/AN/A12/31/20193,9981,0651,4671,547N/A9/30/20194,0641,009N/AN/AN/A6/30/20194,130953N/A1,429N/A3/31/20194,075983N/A1,588N/A12/31/20184,0201,012N/A1,748N/A9/30/20183,993980N/AN/AN/A6/30/20183,965948N/A2,064N/A3/31/20184,008963N/A1,963N/A12/31/20174,050979N/A1,861N/A9/30/20173,970469N/AN/AN/A6/30/20173,890-41N/A1,346N/A3/31/20173,878-89N/A1,336N/A12/31/20163,866-136N/A1,327N/A9/30/20163,834471N/AN/AN/A6/30/20163,8011,079N/A1,426N/A3/31/20163,7711,078N/A1,437N/A12/31/20153,7401,078N/A1,448N/A9/30/20153,671961N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: CMA 의 연간 예상 수익 증가율(16%)이 saving rate(15.2%)보다 높습니다.수익 vs 시장: CMA 의 연간 수익(16%)이 MA 시장(11.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: CMA 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: CMA 의 수익(연간 16%)이 MA 시장(연간 10.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: CMA 의 수익(연간 16%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: CMA의 자본 수익률은 3년 후 38.6%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/17 09:41종가2026/08/17 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 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 소스Ciments du Maroc Société Anonyme는 5명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kais KriaaAlphaMenaFadwa AouiniAlphaMenaDounia FilaliBmce Capital Bourse2명의 분석가 더 보기
Price Target Changed • May 06Price target increased by 15% to د.م2,386Up from د.م2,066, the current price target is provided by 1 analyst. New target price is 41% above last closing price of د.م1,698. Stock is down 12% over the past year. The company is forecast to post earnings per share of د.م86.60 for next year compared to د.م95.42 last year.
Major Estimate Revision • Oct 07Consensus revenue estimates increase by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from د.م4.93b to د.م5.62b. EPS estimate unchanged from د.م67.70 at last update. Basic Materials industry in Morocco expected to see average net income growth of 40% next year. Consensus price target up from د.م1,771 to د.م2,033. Share price fell 4.9% to د.م1,950 over the past week.
Price Target Changed • Aug 31Price target increased by 8.6% to د.م1,771Up from د.م1,631, the current price target is provided by 1 analyst. New target price is 16% below last closing price of د.م2,100. Stock is up 19% over the past year. The company is forecast to post earnings per share of د.م78.70 for next year compared to د.م63.33 last year.
Price Target Changed • Jun 03Price target decreased by 7.3% to د.م1,672Down from د.م1,803, the current price target is provided by 1 analyst. New target price is 16% below last closing price of د.م1,985. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.م89.70 for next year compared to د.م63.33 last year.
Price Target Changed • Jul 11Price target increased by 16% to د.م1,648Up from د.م1,416, the current price target is provided by 1 analyst. New target price is 6.9% below last closing price of د.م1,770. Stock is up 19% over the past year. The company is forecast to post earnings per share of د.م82.50 for next year compared to د.م67.21 last year.
Price Target Changed • May 21Price target increased by 10% to د.م1,529Up from د.م1,386, the current price target is provided by 1 analyst. New target price is 14% above last closing price of د.م1,339. Stock is down 22% over the past year. The company is forecast to post earnings per share of د.م67.70 for next year compared to د.م62.70 last year.
Upcoming Dividend • Jun 29Upcoming dividend of د.م65.00 per shareEligible shareholders must have bought the stock before 06 July 2026. Payment date: 15 July 2026. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Moroccan dividend payers (4.8%). In line with average of industry peers (4.1%).
Declared Dividend • Jun 10Dividend increased to د.م65.00Dividend of د.م65.00 is 8.3% higher than last year. Ex-date: 6th July 2026 Payment date: 15th July 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • May 06Price target increased by 15% to د.م2,386Up from د.م2,066, the current price target is provided by 1 analyst. New target price is 41% above last closing price of د.م1,698. Stock is down 12% over the past year. The company is forecast to post earnings per share of د.م86.60 for next year compared to د.م95.42 last year.
New Risk • May 02New major risk - Revenue and earnings growthEarnings have declined by 0.6% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 0.6% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공고 • Apr 27Ciments du Maroc Société Anonyme, Annual General Meeting, May 25, 2026Ciments du Maroc Société Anonyme, Annual General Meeting, May 25, 2026. Location: casablanca Morocco
New Risk • Apr 12New 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 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.
Major Estimate Revision • Oct 07Consensus revenue estimates increase by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from د.م4.93b to د.م5.62b. EPS estimate unchanged from د.م67.70 at last update. Basic Materials industry in Morocco expected to see average net income growth of 40% next year. Consensus price target up from د.م1,771 to د.م2,033. Share price fell 4.9% to د.م1,950 over the past week.
Reported Earnings • Sep 28First half 2025 earnings released: EPS: د.م42.00 (vs د.م30.00 in 1H 2024)First half 2025 results: EPS: د.م42.00 (up from د.م30.00 in 1H 2024). Revenue: د.م2.20b (up 10% from 1H 2024). Net income: د.م601.0m (up 39% from 1H 2024). Profit margin: 27% (up from 22% in 1H 2024). 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 13% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Aug 31Price target increased by 8.6% to د.م1,771Up from د.م1,631, the current price target is provided by 1 analyst. New target price is 16% below last closing price of د.م2,100. Stock is up 19% over the past year. The company is forecast to post earnings per share of د.م78.70 for next year compared to د.م63.33 last year.
Upcoming Dividend • Jul 11Upcoming dividend of د.م60.00 per shareEligible shareholders must have bought the stock before 18 July 2025. Payment date: 29 July 2025. Payout ratio and cash payout ratio are on the higher end at 95% and 80% respectively. Trailing yield: 2.9%. Lower than top quartile of Moroccan dividend payers (4.1%). Lower than average of industry peers (4.2%).
Price Target Changed • Jun 03Price target decreased by 7.3% to د.م1,672Down from د.م1,803, the current price target is provided by 1 analyst. New target price is 16% below last closing price of د.م1,985. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.م89.70 for next year compared to د.م63.33 last year.
Reported Earnings • Apr 30Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: د.م63.33 (down from د.م67.21 in FY 2023). Revenue: د.م4.44b (up 2.5% from FY 2023). Net income: د.م914.2m (down 5.8% from FY 2023). Profit margin: 21% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 8.4%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
공고 • Apr 29Ciments du Maroc Société Anonyme, Annual General Meeting, May 26, 2025Ciments du Maroc Société Anonyme, Annual General Meeting, May 26, 2025.
New Risk • Apr 18New 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: 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.
Price Target Changed • Jul 11Price target increased by 16% to د.م1,648Up from د.م1,416, the current price target is provided by 1 analyst. New target price is 6.9% below last closing price of د.م1,770. Stock is up 19% over the past year. The company is forecast to post earnings per share of د.م82.50 for next year compared to د.م67.21 last year.
Upcoming Dividend • Jun 27Upcoming dividend of د.م60.00 per shareEligible shareholders must have bought the stock before 04 July 2024. Payment date: 15 July 2024. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Moroccan dividend payers (4.3%). Lower than average of industry peers (3.8%).
Reported Earnings • Apr 26Full year 2023 earnings released: EPS: د.م67.21 (vs د.م62.70 in FY 2022)Full year 2023 results: EPS: د.م67.21 (up from د.م62.70 in FY 2022). Revenue: د.م4.34b (up 6.6% from FY 2022). Net income: د.م970.2m (up 7.2% from FY 2022). Profit margin: 22% (in line with FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year.
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Dec 26New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 High level of non-cash earnings (28% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Upcoming Dividend • Jun 30Upcoming dividend of د.م60.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 17 July 2023. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 3.9%. Lower than top quartile of Moroccan dividend payers (4.6%). Lower than average of industry peers (4.9%).
Price Target Changed • May 21Price target increased by 10% to د.م1,529Up from د.م1,386, the current price target is provided by 1 analyst. New target price is 14% above last closing price of د.م1,339. Stock is down 22% over the past year. The company is forecast to post earnings per share of د.م67.70 for next year compared to د.م62.70 last year.
Major Estimate Revision • May 10Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from د.م4.73b to د.م4.26b. EPS estimate also fell from د.م77.20 per share to د.م67.70 per share. Net income forecast to grow 8.1% next year vs 31% growth forecast for Basic Materials industry in Morocco. Consensus price target down from د.م1,597 to د.م1,386. Share price rose 4.9% to د.م1,303 over the past week.
Price Target Changed • May 10Price target decreased by 19% to د.م1,386Down from د.م1,708, the current price target is provided by 1 analyst. New target price is 6.4% above last closing price of د.م1,303. Stock is down 26% over the past year. The company is forecast to post earnings per share of د.م67.70 for next year compared to د.م62.70 last year.
Reported Earnings • May 02Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: د.م62.70 (down from د.م82.92 in FY 2021). Revenue: د.م4.26b (up 2.7% from FY 2021). Net income: د.م905.1m (down 24% from FY 2021). Profit margin: 21% (down from 29% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) exceeded analyst estimates by 6.7%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Basic Materials industry in Africa. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Buying Opportunity • Apr 14Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.3%. The fair value is estimated to be د.م1,532, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.3%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 28% in the next 2 years.
Buying Opportunity • Mar 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be د.م1,522, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.3%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 28% in the next 2 years.
Upcoming Dividend • Jun 27Upcoming dividend of د.م95.00 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 15 July 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.7%. Within top quartile of Moroccan dividend payers (4.4%). In line with average of industry peers (6.1%).
Price Target Changed • May 24Price target decreased to د.م1,679Down from د.م1,853, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م1,700. Stock is down 9.3% over the past year. The company is forecast to post earnings per share of د.م49.60 for next year compared to د.م82.92 last year.
Price Target Changed • May 04Price target increased to د.م1,853Up from د.م1,701, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of د.م1,830. Stock is up 0.5% over the past year. The company is forecast to post earnings per share of د.م60.60 for next year compared to د.م49.12 last year.
Reported Earnings • Oct 05First half 2021 earnings released: EPS د.م40.00 (vs د.م13.00 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: د.م1.99b (up 18% from 1H 2020). Net income: د.م575.1m (up 202% from 1H 2020). Profit margin: 29% (up from 11% in 1H 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jun 29Upcoming dividend of د.م100.00 per shareEligible shareholders must have bought the stock before 06 July 2021. Payment date: 15 July 2021. Trailing yield: 4.9%. Within top quartile of Moroccan dividend payers (4.9%). In line with average of industry peers (4.9%).
Reported Earnings • Apr 29Full year 2020 earnings released: EPS د.م49.12 (vs د.م73.79 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: د.م3.70b (down 7.4% from FY 2019). Net income: د.م709.1m (down 33% from FY 2019). Profit margin: 19% (down from 27% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Price Target Changed • Apr 02Price target decreased to د.م1,426Down from د.م1,551, the current price target is provided by 1 analyst. New target price is 17% below last closing price of د.م1,726. Stock is up 35% over the past year.
Is New 90 Day High Low • Jan 27New 90-day high: د.م1,683The company is up 15% from its price of د.م1,460 on 28 October 2020. The Moroccan market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 46% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م746 per share.
Is New 90 Day High Low • Jan 01New 90-day high: د.م1,679The company is up 15% from its price of د.م1,460 on 02 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 43% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م745 per share.
Is New 90 Day High Low • Dec 12New 90-day high: د.م1,632The company is up 10.0% from its price of د.م1,480 on 11 September 2020. The Moroccan market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م746 per share.
Is New 90 Day High Low • Nov 17New 90-day high: د.م1,522The company is up 3.0% from its price of د.م1,479 on 19 August 2020. The Moroccan market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م620 per share.
Is New 90 Day High Low • Sep 28New 90-day low: د.م1,400The company is down 1.0% from its price of د.م1,420 on 30 June 2020. The Moroccan market is also down 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Basic Materials industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م473 per share.