View ValuationManagem 향후 성장Future 기준 점검 5/6Managem (는) 각각 연간 65.3% 및 41.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 62.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 19.4% 로 예상됩니다.핵심 정보65.3%이익 성장률62.56%EPS 성장률Metals and Mining 이익 성장24.4%매출 성장률41.8%향후 자기자본이익률19.38%애널리스트 커버리지Low마지막 업데이트27 Jan 2026최근 향후 성장 업데이트Price Target Changed • Feb 16Price target increased by 67% to د.م7,719Up from د.م4,614, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م7,951. Stock is up 99% over the past year. The company is forecast to post earnings per share of د.م69.67 for next year compared to د.م52.24 last year.Price Target Changed • Dec 25Price target increased by 15% to د.م4,614Up from د.م4,003, the current price target is provided by 1 analyst. New target price is 26% below last closing price of د.م6,200. Stock is up 118% over the past year. The company is forecast to post earnings per share of د.م75.40 for next year compared to د.م52.24 last year.Major Estimate Revision • May 20Consensus EPS estimates fall by 24%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from د.م9.97b to د.م10.2b. EPS estimate fell from د.م83.80 to د.م64.10 per share. Net income forecast to grow 23% next year vs 17% growth forecast for Metals and Mining industry in Morocco. Consensus price target up from د.م2,367 to د.م3,155. Share price was steady at د.م5,399 over the past week.Price Target Changed • May 19Price target increased by 37% to د.م3,155Up from د.م2,299, the current price target is provided by 1 analyst. New target price is 42% below last closing price of د.م5,400. Stock is up 121% over the past year. The company is forecast to post earnings per share of د.م64.10 for next year compared to د.م52.24 last year.Price Target Changed • Sep 10Price target increased by 7.1% to د.م2,337Up from د.م2,182, the current price target is provided by 1 analyst. New target price is 17% below last closing price of د.م2,830. Stock is up 59% over the past year. The company is forecast to post earnings per share of د.م59.55 for next year compared to د.م51.48 last year.Major Estimate Revision • Sep 04Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from د.م66.40 to د.م59.55. Revenue forecast unchanged from د.م9.03b at last update. Net income forecast to grow 53% next year vs 56% growth forecast for Metals and Mining industry in Morocco. Consensus price target of د.م2,106 unchanged from last update. Share price was steady at د.م2,850 over the past week.모든 업데이트 보기Recent updatesNew Risk • Apr 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Share price has been highly volatile over the past 3 months (9.0% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end).New Risk • Apr 13New 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (29% accrual ratio).Price Target Changed • Feb 16Price target increased by 67% to د.م7,719Up from د.م4,614, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م7,951. Stock is up 99% over the past year. The company is forecast to post earnings per share of د.م69.67 for next year compared to د.م52.24 last year.Board Change • Feb 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Momar Nguer was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Price Target Changed • Dec 25Price target increased by 15% to د.م4,614Up from د.م4,003, the current price target is provided by 1 analyst. New target price is 26% below last closing price of د.م6,200. Stock is up 118% over the past year. The company is forecast to post earnings per share of د.م75.40 for next year compared to د.م52.24 last year.Board Change • Dec 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Momar Nguer was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Declared Dividend • Jun 23Dividend increased to د.م40.00Dividend of د.م40.00 is 33% higher than last year. Ex-date: 30th June 2025 Payment date: 8th July 2025 Dividend yield will be 0.8%, which is lower than the industry average of 4.8%.Upcoming Dividend • Jun 23Upcoming dividend of د.م40.00 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 08 July 2025. Payout ratio is on the higher end at 77% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (2.9%).Major Estimate Revision • May 20Consensus EPS estimates fall by 24%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from د.م9.97b to د.م10.2b. EPS estimate fell from د.م83.80 to د.م64.10 per share. Net income forecast to grow 23% next year vs 17% growth forecast for Metals and Mining industry in Morocco. Consensus price target up from د.م2,367 to د.م3,155. Share price was steady at د.م5,399 over the past week.Price Target Changed • May 19Price target increased by 37% to د.م3,155Up from د.م2,299, the current price target is provided by 1 analyst. New target price is 42% below last closing price of د.م5,400. Stock is up 121% over the past year. The company is forecast to post earnings per share of د.م64.10 for next year compared to د.م52.24 last year.공지 • May 09Managem S.A., Annual General Meeting, Jun 11, 2025Managem S.A., Annual General Meeting, Jun 11, 2025.Reported Earnings • May 05Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: د.م52.24 (up from د.م51.49 in FY 2023). Revenue: د.م9.22b (up 23% from FY 2023). Net income: د.م619.8m (up 21% from FY 2023). Profit margin: 6.7% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 5.2%. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Metals and Mining industry in Africa. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.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: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).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. 2 experienced directors. 6 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Samir Oudghiri was the last independent 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 • Dec 25Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Samir Oudghiri was the last independent 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.공지 • Dec 12Managem S.A. (CBSE:MNG) completed the acquisition of Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU).Managem S.A. (CBSE:MNG) agreed to acquire Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU) for $14.5 million on June 14, 2024. SPA consideration payable to and on behalf of the Group includes $12.0 million in Concession Phase 1 development back costs through to July 2024 net to a 55% interest in the Concession and payable to the Group in cash on completion; $1.0 million in back costs in respect of Concession Phase 2 development and Permits back costs payable to the Company in cash on completion; Up to $24.5 million net carry through Managem funding of the Group's remaining 20% interest in future Concession Phase 2 development. oContingent consideration of $1.5 million payable to the Group no later than one year after first gas from Concession Phase 2 development.; $3.6 million net carry through funding the Group's remaining 27.5% Grand Tendrara Permit interest in drilling exploration well SBK-1; and $2.6 million net carry through funding the Group's remaining 27.5% Anoual Permit interest in drilling exploration well M5. Sale of the entire share capital of SEME with an effective date of 1 January 2022, pursuant to which Managem will acquire the following interests in the Group's Moroccan assets, 55.0% of the Concession (Sound Energy to retain 20% interest), 47.5% of the Grand Tendrara Permit (Sound Energy to retain 27.5% interest), and 47.5% of the Anoual Exploration Permit (Sound Energy to retain 27.5% interest). Ben Jeynes and Peter Lynch of Cavendish Capital Markets acted as nominated adviser, Jon Fitzpatrick, Paul Weidman and Doug Rycroft of Gneiss Energy Limited acted as Financial Adviser and Mohammed Benslimane, and Reda Benjelloun of Advisory & Finance Group Investment Bank acted as M&A advisor to Sound Energy. The transaction remains conditional upon approvals by ONHYM and the Moroccan Minister of Energy of the Company continuing as the Operator of record of the Tendrara Exploitation Concession, and the Anoual and Grand Tendrara Exploration Permits where required, approval of ONEE of the change of control of the Company pursuant to the ONEE GSA, approval of Managem's board of directors of the Transaction, removal of Sound Energy Morocco SARL AU as dormant subsidiary of SEME and receipt of Moroccan Competition Council's authorisation. As of October 21, 2024, minister of Energy Transition & Sustainable Development approved the deal. Managem S.A. (CBSE:MNG) completed the acquisition of Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU) on December 11, 2024.Price Target Changed • Sep 10Price target increased by 7.1% to د.م2,337Up from د.م2,182, the current price target is provided by 1 analyst. New target price is 17% below last closing price of د.م2,830. Stock is up 59% over the past year. The company is forecast to post earnings per share of د.م59.55 for next year compared to د.م51.48 last year.Major Estimate Revision • Sep 04Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from د.م66.40 to د.م59.55. Revenue forecast unchanged from د.م9.03b at last update. Net income forecast to grow 53% next year vs 56% growth forecast for Metals and Mining industry in Morocco. Consensus price target of د.م2,106 unchanged from last update. Share price was steady at د.م2,850 over the past week.공지 • Jun 15Managem S.A. (CBSE:MNG) agreed to acquire Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU) for $14.5 million.Managem S.A. (CBSE:MNG) agreed to acquire Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU) for $14.5 million on June 14, 2024. SPA consideration payable to and on behalf of the Group includes $12.0 million in Concession Phase 1 development back costs through to July 2024 net to a 55% interest in the Concession and payable to the Group in cash on completion; $1.0 million in back costs in respect of Concession Phase 2 development and Permits back costs payable to the Company in cash on completion; Up to $24.5 million net carry through Managem funding of the Group's remaining 20% interest in future Concession Phase 2 development. oContingent consideration of $1.5 million payable to the Group no later than one year after first gas from Concession Phase 2 development.; $3.6 million net carry through funding the Group's remaining 27.5% Grand Tendrara Permit interest in drilling exploration well SBK-1; and $2.6 million net carry through funding the Group's remaining 27.5% Anoual Permit interest in drilling exploration well M5. Sale of the entire share capital of SEME with an effective date of 1 January 2022, pursuant to which Managem will acquire the following interests in the Group's Moroccan assets, 55.0% of the Concession (Sound Energy to retain 20% interest), 47.5% of the Grand Tendrara Permit (Sound Energy to retain 27.5% interest), and 47.5% of the Anoual Exploration Permit (Sound Energy to retain 27.5% interest). Ben Jeynes and Peter Lynch of Cavendish Capital Markets acted as nominated adviser, Jon Fitzpatrick, Paul Weidman and Doug Rycroft of Gneiss Energy Limited acted as Financial Adviser and Mohammed Benslimane, and Reda Benjelloun of Advisory & Finance Group Investment Bank acted as M&A advisor to Sound Energy.공지 • May 05Managem S.A., Annual General Meeting, Jun 06, 2024Managem S.A., Annual General Meeting, Jun 06, 2024.Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م2,201, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 10x in the Metals and Mining industry in Africa. Total returns to shareholders of 58% over the past three years.New Risk • Apr 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (74% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (8.5% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding).New Risk • Apr 15New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 High level of debt (74% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (8.5% net profit margin).Price Target Changed • Dec 28Price target decreased by 14% to د.م2,188Down from د.م2,537, the current price target is provided by 1 analyst. New target price is 26% above last closing price of د.م1,730. Stock is down 30% over the past year. The company is forecast to post earnings per share of د.م132 for next year compared to د.م162 last year.Price Target Changed • Dec 22Price target decreased by 7.5% to د.م2,410Down from د.م2,604, the current price target is an average from 2 analysts. New target price is 46% above last closing price of د.م1,650. Stock is down 34% over the past year. The company is forecast to post earnings per share of د.م209 for next year compared to د.م162 last year.Major Estimate Revision • Oct 06Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from د.م10.1b to د.م9.44b. EPS estimate also fell from د.م162 per share to د.م144 per share. Net income forecast to grow 104% next year vs 29% growth forecast for Metals and Mining industry in Morocco. Consensus price target down from د.م2,604 to د.م2,537. Share price rose 6.0% to د.م1,750 over the past week.Reported Earnings • May 03Full year 2022 earnings: Revenues in line with analyst expectationsFull year 2022 results: Revenue: د.م9.79b (up 32% from FY 2021). Net income: د.م1.61b (up 87% from FY 2021). Profit margin: 17% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to stay flat during the next 2 years compared to a 3.2% growth forecast for the Metals and Mining industry in Africa.Price Target Changed • Mar 02Price target increased by 8.1% to د.م2,735Up from د.م2,529, the current price target is provided by 1 analyst. New target price is 6.0% above last closing price of د.م2,580. Stock is up 43% over the past year. The company is forecast to post earnings per share of د.م152 for next year compared to د.م86.22 last year.공지 • Dec 21Oriole Resources PLC Signs A Definitive Agreement to Sell Its Portfolio of Projects in Senegal, Mali and Guinea to Managem GroupOriole Resources PLC reported that it's partner on the Senala gold project in Senegal, IAMGOLD Corporation, has signed a definitive agreement to sell its portfolio of projects in Senegal, Mali and Guinea to Managem Group for an aggregate consideration of approximately USD 282 million. Included in the sale is IAMGOLD's interest in the Option Agreement on Senala, where IAMGOLD has recently earned a 51% initial interest in Senala by spending USD 4 million over four years and can earn up to a further 19% (total 70%) by spending an additional USD 4 million before the end of February 2024. Oriole notes that the Transaction is subject to certain regulatory approvals as well as other closing conditions and IAMGOLD expects the Transaction to close early in the third quarter of 2023. Oriole is currently in discussions with IAMGOLD as to the effect of the Transaction and the timing of further exploration at Senala, and will update the market in due course.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 an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Samir Oudghiri was the last independent 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.Reported Earnings • Oct 03First half 2022 earnings released: EPS: د.م0 (vs د.م18.50 in 1H 2021)First half 2022 results: EPS: د.م0. Revenue: د.م5.68b (up 89% from 1H 2021). Net income: د.م1.21b (up د.م1.02b from 1H 2021). Profit margin: 21% (up from 6.1% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Metals and Mining industry in Africa.Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improved over the past weekAfter last week's 18% share price gain to د.م2,523, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 6x in the Metals and Mining industry in Africa. Total returns to shareholders of 242% over the past three years.Board Change • Aug 02Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Samir Oudghiri was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to د.م1,787, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 6x in the Metals and Mining industry in Africa. Total returns to shareholders of 119% over the past three years.Reported Earnings • May 04Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: د.م7.63b (up 62% from FY 2020). Net income: د.م861.5m (up 283% from FY 2020). Profit margin: 11% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.0%.Reported Earnings • Oct 06First half 2021 earnings released: EPS د.م18.50 (vs د.م9.84 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: د.م3.01b (up 27% from 1H 2020). Net income: د.م184.8m (up 88% from 1H 2020). Profit margin: 6.1% (up from 4.1% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Price Target Changed • Jul 15Price target increased to د.م1,097Up from د.م982, the current price target is an average from 2 analysts. New target price is 28% below last closing price of د.م1,525. Stock is up 98% over the past year.Reported Earnings • May 04Full year 2020 earnings released: EPS د.م22.50 (vs د.م42.72 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: د.م4.73b (up 3.8% from FY 2019). Net income: د.م224.8m (up د.م651.6m from FY 2019). Profit margin: 4.8% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.Price Target Changed • Feb 03Price target raised to د.م951Up from د.م823, the current price target is an average from 2 analysts. The new target price is 31% below the current share price of د.م1,375. As of last close, the stock is up 61% over the past year.Is New 90 Day High Low • Jan 27New 90-day high: د.م1,306The company is up 16% from its price of د.م1,128 on 28 October 2020. The Moroccan market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م64.72 per share.Is New 90 Day High Low • Jan 05New 90-day high: د.م1,186The company is up 24% from its price of د.م960 on 07 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م65.52 per share.Is New 90 Day High Low • Nov 04New 90-day high: د.م1,164The company is up 16% from its price of د.م1,000 on 06 August 2020. The Moroccan market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م53.54 per share.Is New 90 Day High Low • Oct 10New 90-day high: د.م1,018The company is up 36% from its price of د.م751 on 10 July 2020. The Moroccan market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م53.67 per share.이익 및 매출 성장 예측CBSE:MNG - 애널리스트 향후 추정치 및 과거 재무 데이터 (MAD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202724,4293,607N/AN/A112/31/202618,7342,286-3,7475,126112/31/202510,433803-2,0543,46816/30/20258,873742-5,6001,856N/A3/31/20258,866681-4,8662,489N/A12/31/20248,859620-4,1323,122N/A9/30/20248,297544-3,2042,562N/A6/30/20247,734468-2,2752,003N/A3/31/20247,621491-1,2992,218N/A12/31/20237,508514-3242,432N/A9/30/20237,934612-172,551N/A6/30/20238,3617102892,669N/A3/31/20239,0031,1623002,577N/A12/31/20229,6451,6153112,485N/A9/30/20229,7611,7501,1563,240N/A6/30/20229,8781,8862,0013,996N/A3/31/20228,6501,3741,3373,520N/A12/31/20217,4238626733,045N/A9/30/20216,391586-1642,135N/A6/30/20215,359311-1,0011,226N/A3/31/20215,042268-7771,496N/A12/31/20204,726225-5531,767N/A9/30/20204,74918-8431,573N/A6/30/20204,771-190-1,1331,379N/A3/31/20204,662-308-9901,209N/A12/31/20194,553-427-8461,038N/A9/30/20194,327-213-1,069806N/A6/30/20194,1000-1,291573N/A3/31/20194,257185N/A1,119N/A12/31/20184,414370N/A1,665N/A9/30/20184,743429N/A1,995N/A6/30/20185,071489N/A2,325N/A3/31/20185,101684N/A2,056N/A12/31/20175,132879N/A1,787N/A9/30/20175,016868N/A1,802N/A6/30/20174,901857N/A1,817N/A3/31/20174,639573N/A1,621N/A12/31/20164,377288N/A1,424N/A9/30/20164,212202N/A1,235N/A6/30/20164,047117N/A1,045N/A3/31/20164,182161N/A1,178N/A12/31/20154,317205N/A1,311N/A9/30/20154,274188N/A1,167N/A6/30/20154,232171N/A1,023N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: MNG 의 연간 예상 수익 증가율(65.3%)이 saving rate(15.1%)보다 높습니다.수익 vs 시장: MNG 의 연간 수익(65.3%)이 MA 시장(21.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: MNG 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: MNG 의 수익(연간 41.8%)이 MA 시장(연간 17.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: MNG 의 수익(연간 41.8%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: MNG의 자본 수익률은 3년 후 19.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/08 19:32종가2026/05/08 00:00수익2025/06/30연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Managem S.A.는 4명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kais KriaaAlphaMenaDounia FilaliBmce Capital BourseKhadija El MoussilyBmce Capital Bourse1명의 분석가 더 보기
Price Target Changed • Feb 16Price target increased by 67% to د.م7,719Up from د.م4,614, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م7,951. Stock is up 99% over the past year. The company is forecast to post earnings per share of د.م69.67 for next year compared to د.م52.24 last year.
Price Target Changed • Dec 25Price target increased by 15% to د.م4,614Up from د.م4,003, the current price target is provided by 1 analyst. New target price is 26% below last closing price of د.م6,200. Stock is up 118% over the past year. The company is forecast to post earnings per share of د.م75.40 for next year compared to د.م52.24 last year.
Major Estimate Revision • May 20Consensus EPS estimates fall by 24%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from د.م9.97b to د.م10.2b. EPS estimate fell from د.م83.80 to د.م64.10 per share. Net income forecast to grow 23% next year vs 17% growth forecast for Metals and Mining industry in Morocco. Consensus price target up from د.م2,367 to د.م3,155. Share price was steady at د.م5,399 over the past week.
Price Target Changed • May 19Price target increased by 37% to د.م3,155Up from د.م2,299, the current price target is provided by 1 analyst. New target price is 42% below last closing price of د.م5,400. Stock is up 121% over the past year. The company is forecast to post earnings per share of د.م64.10 for next year compared to د.م52.24 last year.
Price Target Changed • Sep 10Price target increased by 7.1% to د.م2,337Up from د.م2,182, the current price target is provided by 1 analyst. New target price is 17% below last closing price of د.م2,830. Stock is up 59% over the past year. The company is forecast to post earnings per share of د.م59.55 for next year compared to د.م51.48 last year.
Major Estimate Revision • Sep 04Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from د.م66.40 to د.م59.55. Revenue forecast unchanged from د.م9.03b at last update. Net income forecast to grow 53% next year vs 56% growth forecast for Metals and Mining industry in Morocco. Consensus price target of د.م2,106 unchanged from last update. Share price was steady at د.م2,850 over the past week.
New Risk • Apr 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Share price has been highly volatile over the past 3 months (9.0% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end).
New Risk • Apr 13New 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (29% accrual ratio).
Price Target Changed • Feb 16Price target increased by 67% to د.م7,719Up from د.م4,614, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م7,951. Stock is up 99% over the past year. The company is forecast to post earnings per share of د.م69.67 for next year compared to د.م52.24 last year.
Board Change • Feb 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Momar Nguer was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Price Target Changed • Dec 25Price target increased by 15% to د.م4,614Up from د.م4,003, the current price target is provided by 1 analyst. New target price is 26% below last closing price of د.م6,200. Stock is up 118% over the past year. The company is forecast to post earnings per share of د.م75.40 for next year compared to د.م52.24 last year.
Board Change • Dec 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Momar Nguer was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Declared Dividend • Jun 23Dividend increased to د.م40.00Dividend of د.م40.00 is 33% higher than last year. Ex-date: 30th June 2025 Payment date: 8th July 2025 Dividend yield will be 0.8%, which is lower than the industry average of 4.8%.
Upcoming Dividend • Jun 23Upcoming dividend of د.م40.00 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 08 July 2025. Payout ratio is on the higher end at 77% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (2.9%).
Major Estimate Revision • May 20Consensus EPS estimates fall by 24%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from د.م9.97b to د.م10.2b. EPS estimate fell from د.م83.80 to د.م64.10 per share. Net income forecast to grow 23% next year vs 17% growth forecast for Metals and Mining industry in Morocco. Consensus price target up from د.م2,367 to د.م3,155. Share price was steady at د.م5,399 over the past week.
Price Target Changed • May 19Price target increased by 37% to د.م3,155Up from د.م2,299, the current price target is provided by 1 analyst. New target price is 42% below last closing price of د.م5,400. Stock is up 121% over the past year. The company is forecast to post earnings per share of د.م64.10 for next year compared to د.م52.24 last year.
공지 • May 09Managem S.A., Annual General Meeting, Jun 11, 2025Managem S.A., Annual General Meeting, Jun 11, 2025.
Reported Earnings • May 05Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: د.م52.24 (up from د.م51.49 in FY 2023). Revenue: د.م9.22b (up 23% from FY 2023). Net income: د.م619.8m (up 21% from FY 2023). Profit margin: 6.7% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 5.2%. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Metals and Mining industry in Africa. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
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: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).
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. 2 experienced directors. 6 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Samir Oudghiri was the last independent 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 • Dec 25Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Samir Oudghiri was the last independent 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.
공지 • Dec 12Managem S.A. (CBSE:MNG) completed the acquisition of Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU).Managem S.A. (CBSE:MNG) agreed to acquire Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU) for $14.5 million on June 14, 2024. SPA consideration payable to and on behalf of the Group includes $12.0 million in Concession Phase 1 development back costs through to July 2024 net to a 55% interest in the Concession and payable to the Group in cash on completion; $1.0 million in back costs in respect of Concession Phase 2 development and Permits back costs payable to the Company in cash on completion; Up to $24.5 million net carry through Managem funding of the Group's remaining 20% interest in future Concession Phase 2 development. oContingent consideration of $1.5 million payable to the Group no later than one year after first gas from Concession Phase 2 development.; $3.6 million net carry through funding the Group's remaining 27.5% Grand Tendrara Permit interest in drilling exploration well SBK-1; and $2.6 million net carry through funding the Group's remaining 27.5% Anoual Permit interest in drilling exploration well M5. Sale of the entire share capital of SEME with an effective date of 1 January 2022, pursuant to which Managem will acquire the following interests in the Group's Moroccan assets, 55.0% of the Concession (Sound Energy to retain 20% interest), 47.5% of the Grand Tendrara Permit (Sound Energy to retain 27.5% interest), and 47.5% of the Anoual Exploration Permit (Sound Energy to retain 27.5% interest). Ben Jeynes and Peter Lynch of Cavendish Capital Markets acted as nominated adviser, Jon Fitzpatrick, Paul Weidman and Doug Rycroft of Gneiss Energy Limited acted as Financial Adviser and Mohammed Benslimane, and Reda Benjelloun of Advisory & Finance Group Investment Bank acted as M&A advisor to Sound Energy. The transaction remains conditional upon approvals by ONHYM and the Moroccan Minister of Energy of the Company continuing as the Operator of record of the Tendrara Exploitation Concession, and the Anoual and Grand Tendrara Exploration Permits where required, approval of ONEE of the change of control of the Company pursuant to the ONEE GSA, approval of Managem's board of directors of the Transaction, removal of Sound Energy Morocco SARL AU as dormant subsidiary of SEME and receipt of Moroccan Competition Council's authorisation. As of October 21, 2024, minister of Energy Transition & Sustainable Development approved the deal. Managem S.A. (CBSE:MNG) completed the acquisition of Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU) on December 11, 2024.
Price Target Changed • Sep 10Price target increased by 7.1% to د.م2,337Up from د.م2,182, the current price target is provided by 1 analyst. New target price is 17% below last closing price of د.م2,830. Stock is up 59% over the past year. The company is forecast to post earnings per share of د.م59.55 for next year compared to د.م51.48 last year.
Major Estimate Revision • Sep 04Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from د.م66.40 to د.م59.55. Revenue forecast unchanged from د.م9.03b at last update. Net income forecast to grow 53% next year vs 56% growth forecast for Metals and Mining industry in Morocco. Consensus price target of د.م2,106 unchanged from last update. Share price was steady at د.م2,850 over the past week.
공지 • Jun 15Managem S.A. (CBSE:MNG) agreed to acquire Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU) for $14.5 million.Managem S.A. (CBSE:MNG) agreed to acquire Sound Energy Morocco East Limited from Sound Energy plc (AIM:SOU) for $14.5 million on June 14, 2024. SPA consideration payable to and on behalf of the Group includes $12.0 million in Concession Phase 1 development back costs through to July 2024 net to a 55% interest in the Concession and payable to the Group in cash on completion; $1.0 million in back costs in respect of Concession Phase 2 development and Permits back costs payable to the Company in cash on completion; Up to $24.5 million net carry through Managem funding of the Group's remaining 20% interest in future Concession Phase 2 development. oContingent consideration of $1.5 million payable to the Group no later than one year after first gas from Concession Phase 2 development.; $3.6 million net carry through funding the Group's remaining 27.5% Grand Tendrara Permit interest in drilling exploration well SBK-1; and $2.6 million net carry through funding the Group's remaining 27.5% Anoual Permit interest in drilling exploration well M5. Sale of the entire share capital of SEME with an effective date of 1 January 2022, pursuant to which Managem will acquire the following interests in the Group's Moroccan assets, 55.0% of the Concession (Sound Energy to retain 20% interest), 47.5% of the Grand Tendrara Permit (Sound Energy to retain 27.5% interest), and 47.5% of the Anoual Exploration Permit (Sound Energy to retain 27.5% interest). Ben Jeynes and Peter Lynch of Cavendish Capital Markets acted as nominated adviser, Jon Fitzpatrick, Paul Weidman and Doug Rycroft of Gneiss Energy Limited acted as Financial Adviser and Mohammed Benslimane, and Reda Benjelloun of Advisory & Finance Group Investment Bank acted as M&A advisor to Sound Energy.
공지 • May 05Managem S.A., Annual General Meeting, Jun 06, 2024Managem S.A., Annual General Meeting, Jun 06, 2024.
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م2,201, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 10x in the Metals and Mining industry in Africa. Total returns to shareholders of 58% over the past three years.
New Risk • Apr 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (74% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (8.5% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding).
New Risk • Apr 15New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 High level of debt (74% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (8.5% net profit margin).
Price Target Changed • Dec 28Price target decreased by 14% to د.م2,188Down from د.م2,537, the current price target is provided by 1 analyst. New target price is 26% above last closing price of د.م1,730. Stock is down 30% over the past year. The company is forecast to post earnings per share of د.م132 for next year compared to د.م162 last year.
Price Target Changed • Dec 22Price target decreased by 7.5% to د.م2,410Down from د.م2,604, the current price target is an average from 2 analysts. New target price is 46% above last closing price of د.م1,650. Stock is down 34% over the past year. The company is forecast to post earnings per share of د.م209 for next year compared to د.م162 last year.
Major Estimate Revision • Oct 06Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from د.م10.1b to د.م9.44b. EPS estimate also fell from د.م162 per share to د.م144 per share. Net income forecast to grow 104% next year vs 29% growth forecast for Metals and Mining industry in Morocco. Consensus price target down from د.م2,604 to د.م2,537. Share price rose 6.0% to د.م1,750 over the past week.
Reported Earnings • May 03Full year 2022 earnings: Revenues in line with analyst expectationsFull year 2022 results: Revenue: د.م9.79b (up 32% from FY 2021). Net income: د.م1.61b (up 87% from FY 2021). Profit margin: 17% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to stay flat during the next 2 years compared to a 3.2% growth forecast for the Metals and Mining industry in Africa.
Price Target Changed • Mar 02Price target increased by 8.1% to د.م2,735Up from د.م2,529, the current price target is provided by 1 analyst. New target price is 6.0% above last closing price of د.م2,580. Stock is up 43% over the past year. The company is forecast to post earnings per share of د.م152 for next year compared to د.م86.22 last year.
공지 • Dec 21Oriole Resources PLC Signs A Definitive Agreement to Sell Its Portfolio of Projects in Senegal, Mali and Guinea to Managem GroupOriole Resources PLC reported that it's partner on the Senala gold project in Senegal, IAMGOLD Corporation, has signed a definitive agreement to sell its portfolio of projects in Senegal, Mali and Guinea to Managem Group for an aggregate consideration of approximately USD 282 million. Included in the sale is IAMGOLD's interest in the Option Agreement on Senala, where IAMGOLD has recently earned a 51% initial interest in Senala by spending USD 4 million over four years and can earn up to a further 19% (total 70%) by spending an additional USD 4 million before the end of February 2024. Oriole notes that the Transaction is subject to certain regulatory approvals as well as other closing conditions and IAMGOLD expects the Transaction to close early in the third quarter of 2023. Oriole is currently in discussions with IAMGOLD as to the effect of the Transaction and the timing of further exploration at Senala, and will update the market in due course.
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 an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Samir Oudghiri was the last independent 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.
Reported Earnings • Oct 03First half 2022 earnings released: EPS: د.م0 (vs د.م18.50 in 1H 2021)First half 2022 results: EPS: د.م0. Revenue: د.م5.68b (up 89% from 1H 2021). Net income: د.م1.21b (up د.م1.02b from 1H 2021). Profit margin: 21% (up from 6.1% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Metals and Mining industry in Africa.
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improved over the past weekAfter last week's 18% share price gain to د.م2,523, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 6x in the Metals and Mining industry in Africa. Total returns to shareholders of 242% over the past three years.
Board Change • Aug 02Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Samir Oudghiri was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to د.م1,787, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 6x in the Metals and Mining industry in Africa. Total returns to shareholders of 119% over the past three years.
Reported Earnings • May 04Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: د.م7.63b (up 62% from FY 2020). Net income: د.م861.5m (up 283% from FY 2020). Profit margin: 11% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.0%.
Reported Earnings • Oct 06First half 2021 earnings released: EPS د.م18.50 (vs د.م9.84 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: د.م3.01b (up 27% from 1H 2020). Net income: د.م184.8m (up 88% from 1H 2020). Profit margin: 6.1% (up from 4.1% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Price Target Changed • Jul 15Price target increased to د.م1,097Up from د.م982, the current price target is an average from 2 analysts. New target price is 28% below last closing price of د.م1,525. Stock is up 98% over the past year.
Reported Earnings • May 04Full year 2020 earnings released: EPS د.م22.50 (vs د.م42.72 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: د.م4.73b (up 3.8% from FY 2019). Net income: د.م224.8m (up د.م651.6m from FY 2019). Profit margin: 4.8% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
Price Target Changed • Feb 03Price target raised to د.م951Up from د.م823, the current price target is an average from 2 analysts. The new target price is 31% below the current share price of د.م1,375. As of last close, the stock is up 61% over the past year.
Is New 90 Day High Low • Jan 27New 90-day high: د.م1,306The company is up 16% from its price of د.م1,128 on 28 October 2020. The Moroccan market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م64.72 per share.
Is New 90 Day High Low • Jan 05New 90-day high: د.م1,186The company is up 24% from its price of د.م960 on 07 October 2020. The Moroccan market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م65.52 per share.
Is New 90 Day High Low • Nov 04New 90-day high: د.م1,164The company is up 16% from its price of د.م1,000 on 06 August 2020. The Moroccan market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م53.54 per share.
Is New 90 Day High Low • Oct 10New 90-day high: د.م1,018The company is up 36% from its price of د.م751 on 10 July 2020. The Moroccan market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م53.67 per share.