View ValuationTAQA Morocco 향후 성장Future 기준 점검 1/6TAQA Morocco (는) 각각 연간 11.6% 및 3.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 10.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 19% 로 예상됩니다.핵심 정보11.6%이익 성장률10.45%EPS 성장률Renewable Energy 이익 성장12.6%매출 성장률3.7%향후 자기자본이익률19.00%애널리스트 커버리지Low마지막 업데이트13 Apr 2026최근 향후 성장 업데이트Price Target Changed • Apr 13Price target decreased by 18% to د.م2,000Down from د.م2,436, the current price target is provided by 1 analyst. New target price is 7.0% above last closing price of د.م1,870. Stock is down 4.3% over the past year. The company is forecast to post earnings per share of د.م49.40 for next year compared to د.م41.58 last year.Major Estimate Revision • Mar 25Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from د.م11.8b to د.م10.6b. EPS estimate fell from د.م49.00 to د.م46.50 per share. Net income forecast to grow 4.3% next year vs 16% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,195 to د.م1,778. Share price rose 22% to د.م2,100 over the past week.Price Target Changed • Mar 24Price target increased by 45% to د.م1,778Up from د.م1,222, the current price target is provided by 1 analyst. New target price is 15% below last closing price of د.م2,100. Stock is up 75% over the past year. The company is forecast to post earnings per share of د.م46.50 for next year compared to د.م44.63 last year.Price Target Changed • Mar 12Price target increased by 7.1% to د.م1,145Up from د.م1,069, the current price target is provided by 1 analyst. New target price is 6.1% below last closing price of د.م1,220. Stock is up 28% over the past year. The company is forecast to post earnings per share of د.م45.80 for next year compared to د.م43.98 last year.Price Target Changed • May 15Price target decreased by 14% to د.م1,060Down from د.م1,227, the current price target is provided by 1 analyst. New target price is 6.1% above last closing price of د.م999. Stock is down 9.2% over the past year. The company is forecast to post earnings per share of د.م59.10 for next year compared to د.م55.23 last year.Price Target Changed • Mar 01Price target decreased by 7.3% to د.م1,160Down from د.م1,251, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.م999. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of د.م57.00 for next year compared to د.م42.60 last year.모든 업데이트 보기Recent updates공시 • Apr 27TAQA Morocco S.A., Annual General Meeting, May 26, 2026TAQA Morocco S.A., Annual General Meeting, May 26, 2026. Location: casablanca MoroccoPrice Target Changed • Apr 13Price target decreased by 18% to د.م2,000Down from د.م2,436, the current price target is provided by 1 analyst. New target price is 7.0% above last closing price of د.م1,870. Stock is down 4.3% over the past year. The company is forecast to post earnings per share of د.م49.40 for next year compared to د.م41.58 last year.Reported Earnings • Mar 31Full year 2025 earnings released: EPS: د.م41.58 (vs د.م44.63 in FY 2024)Full year 2025 results: EPS: د.م41.58 (down from د.م44.63 in FY 2024). Revenue: د.م10.7b (down 1.6% from FY 2024). Net income: د.م980.7m (down 6.8% from FY 2024). Profit margin: 9.2% (in line with FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Global Renewable Energy industry. 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 22% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.م1,631, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 85% over the past three years.공시 • Feb 18TAQA Morocco S.A. to Report Q3, 2026 Results on Nov 12, 2026TAQA Morocco S.A. announced that they will report Q3, 2026 results on Nov 12, 2026공시 • Feb 14+ 3 more updatesTAQA Morocco S.A. to Report Q1, 2026 Results on May 26, 2026TAQA Morocco S.A. announced that they will report Q1, 2026 results on May 26, 2026Valuation Update With 7 Day Price Move • Oct 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.م2,250, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 116% over the past three years.Reported Earnings • Sep 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: د.م2.44b (down 9.4% from 2Q 2024). Net income: د.م150.9m (down 38% from 2Q 2024). Profit margin: 6.2% (down from 9.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 09Upcoming dividend of د.م37.00 per shareEligible shareholders must have bought the stock before 16 September 2025. Payment date: 25 September 2025. Payout ratio and cash payout ratio are on the higher end at 83% and 79% respectively. Trailing yield: 1.3%. Lower than top quartile of Moroccan dividend payers (4.0%). Lower than average of industry peers (2.8%).Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.م3,164, the stock trades at a forward P/E ratio of 68x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 221% over the past three years.공시 • May 06TAQA Morocco S.A. announces Annual dividend, payable on September 26, 2025TAQA Morocco S.A. announced Annual dividend of MAD 37.0000 per share payable on September 26, 2025, ex-date on September 17, 2025 and record date on September 16, 2025.New Risk • May 04New 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 8.2% 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 Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.2% average weekly change).공시 • Apr 23TAQA Morocco S.A., Annual General Meeting, May 23, 2025TAQA Morocco S.A., Annual General Meeting, May 23, 2025.Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.م2,248, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 114% over the past three years.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.م1,960, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 101% over the past three years.New Risk • Mar 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).Major Estimate Revision • Mar 25Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from د.م11.8b to د.م10.6b. EPS estimate fell from د.م49.00 to د.م46.50 per share. Net income forecast to grow 4.3% next year vs 16% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,195 to د.م1,778. Share price rose 22% to د.م2,100 over the past week.Price Target Changed • Mar 24Price target increased by 45% to د.م1,778Up from د.م1,222, the current price target is provided by 1 analyst. New target price is 15% below last closing price of د.م2,100. Stock is up 75% over the past year. The company is forecast to post earnings per share of د.م46.50 for next year compared to د.م44.63 last year.Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م1,898, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 95% over the past three years.Reported Earnings • Mar 12Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: د.م44.63 (up from د.م43.98 in FY 2023). Revenue: د.م10.9b (down 17% from FY 2023). Net income: د.م1.05b (up 1.5% from FY 2023). Profit margin: 9.7% (up from 7.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.공시 • Mar 08TAQA Morocco S.A. to Report Q3, 2025 Results on Nov 14, 2025TAQA Morocco S.A. announced that they will report Q3, 2025 results on Nov 14, 2025공시 • Feb 14+ 4 more updatesTAQA Morocco S.A. to Report Fiscal Year 2024 Final Results on Apr 30, 2025TAQA Morocco S.A. announced that they will report fiscal year 2024 final results on Apr 30, 2025Reported Earnings • Sep 15Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: د.م2.70b (down 20% from 2Q 2023). Net income: د.م242.0m (up 13% from 2Q 2023). Profit margin: 9.0% (up from 6.4% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Global Renewable Energy industry.Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: د.م12.04. Revenue: د.م2.96b (down 28% from 1Q 2023). Net income: د.م284.0m (up 17% from 1Q 2023). Profit margin: 9.6% (up from 5.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.공시 • May 01TAQA Morocco S.A. to Report Q3, 2024 Results on Nov 12, 2024TAQA Morocco S.A. announced that they will report Q3, 2024 results on Nov 12, 2024Price Target Changed • Mar 12Price target increased by 7.1% to د.م1,145Up from د.م1,069, the current price target is provided by 1 analyst. New target price is 6.1% below last closing price of د.م1,220. Stock is up 28% over the past year. The company is forecast to post earnings per share of د.م45.80 for next year compared to د.م43.98 last year.New Risk • Mar 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risks High level of debt (95% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: د.م43.98 (vs د.م55.23 in FY 2022)Full year 2023 results: EPS: د.م43.98 (down from د.م55.23 in FY 2022). Revenue: د.م13.2b (down 3.0% from FY 2022). Net income: د.م1.04b (down 20% from FY 2022). Profit margin: 7.9% (down from 9.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year.공시 • Feb 07+ 4 more updatesTAQA Morocco S.A. to Report Q2, 2024 Results on Sep 13, 2024TAQA Morocco S.A. announced that they will report Q2, 2024 results on Sep 13, 2024Reported Earnings • Sep 19First quarter 2023 earnings releasedFirst quarter 2023 results: EPS: د.م10.30. Revenue: د.م4.09b (up 54% from 1Q 2022). Net income: د.م243.0m (down 13% from 1Q 2022). Profit margin: 5.9% (down from 11% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 9.3% growth forecast for the Global Renewable Energy industry.공시 • Sep 15TAQA Morocco S.A. to Report Q3, 2023 Results on Nov 10, 2023TAQA Morocco S.A. announced that they will report Q3, 2023 results on Nov 10, 2023공시 • Sep 08TAQA Morocco S.A. to Report Q2, 2023 Results on Sep 15, 2023TAQA Morocco S.A. announced that they will report Q2, 2023 results on Sep 15, 2023New Risk • Sep 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks High level of debt (88% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).Upcoming Dividend • Sep 06Upcoming dividend of د.م35.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Moroccan dividend payers (4.5%). In line with average of industry peers (3.3%).New Risk • Jul 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (88% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change).Price Target Changed • May 15Price target decreased by 14% to د.م1,060Down from د.م1,227, the current price target is provided by 1 analyst. New target price is 6.1% above last closing price of د.م999. Stock is down 9.2% over the past year. The company is forecast to post earnings per share of د.م59.10 for next year compared to د.م55.23 last year.공시 • May 09TAQA Morocco S.A. to Report Q1, 2023 Results on May 15, 2023TAQA Morocco S.A. announced that they will report Q1, 2023 results on May 15, 2023Reported Earnings • Mar 03Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: د.م55.23 (up from د.م42.60 in FY 2021). Revenue: د.م13.6b (up 75% from FY 2021). Net income: د.م1.30b (up 30% from FY 2021). Profit margin: 9.6% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year.Price Target Changed • Mar 01Price target decreased by 7.3% to د.م1,160Down from د.م1,251, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.م999. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of د.م57.00 for next year compared to د.م42.60 last year.Buying Opportunity • Feb 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be د.م1,179, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to د.م1,000, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Renewable Energy industry globally. Total returns to shareholders of 23% over the past three years.Buying Opportunity • Dec 30Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 3.7%. The fair value is estimated to be د.م1,376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.Major Estimate Revision • Dec 06Consensus revenue estimates increase by 61%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from د.م8.00b to د.م12.8b. EPS estimate increased from د.م46.60 to د.م57.00 per share. Net income forecast to grow 17% next year vs 31% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,159 to د.م1,251. Share price was steady at د.م1,099 over the past week.Price Target Changed • Dec 05Price target increased to د.م1,251Up from د.م1,150, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.م1,080. Stock is down 1.8% over the past year. The company is forecast to post earnings per share of د.م46.60 for next year compared to د.م42.60 last year.Buying Opportunity • Nov 25Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be د.م1,311, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be د.م1,279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.Buying Opportunity • Oct 04Now 21% undervaluedOver the last 90 days, the stock is up 6.1%. The fair value is estimated to be د.م1,410, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.Reported Earnings • Sep 19Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: د.م3.27b (up 110% from 2Q 2021). Net income: د.م325.1m (up 52% from 2Q 2021). Profit margin: 9.9% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 6.5% p.a. on average during the next 3 years, while revenues in the Global Renewable Energy industry are expected to grow by 7.6%.Upcoming Dividend • Sep 07Upcoming dividend of د.م35.00 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 23 September 2022. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Moroccan dividend payers (4.5%). In line with average of industry peers (3.2%).Buying Opportunity • Jul 25Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.2%. The fair value is estimated to be د.م1,410, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 4.2% in 2 years. Earnings is forecast to grow by 12% in the next 2 years.Buying Opportunity • Jun 23Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.2%. The fair value is estimated to be د.م1,304, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 4.2% in 2 years. Earnings is forecast to grow by 12% in the next 2 years.Reported Earnings • Jun 01First quarter 2022 earnings released: EPS: د.م11.87 (vs د.م9.40 in 1Q 2021)First quarter 2022 results: EPS: د.م11.87 (up from د.م9.40 in 1Q 2021). Revenue: د.م2.66b (up 53% from 1Q 2021). Net income: د.م280.0m (up 26% from 1Q 2021). Profit margin: 11% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 6.1% compared to a 308% growth forecast for the industry in Morocco.Price Target Changed • Apr 27Price target increased to د.م1,150Up from د.م979, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م1,120. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.م46.60 for next year compared to د.م42.60 last year.공시 • Jan 28+ 6 more updatesTAQA Morocco S.A. to Report Q2, 2022 Results on Aug 25, 2022TAQA Morocco S.A. announced that they will report Q2, 2022 results on Aug 25, 2022Price Target Changed • Nov 02Price target decreased to د.م979Down from د.م1,082, the current price target is provided by 1 analyst. New target price is 11% below last closing price of د.م1,100. Stock is up 20% over the past year. The company posted earnings per share of د.م37.31 last year.Price Target Changed • Nov 02Price target decreased to د.م979Down from د.م1,082, the current price target is provided by 1 analyst. New target price is 11% below last closing price of د.م1,100. Stock is up 20% over the past year. The company posted earnings per share of د.م37.31 last year.Reported Earnings • Sep 22First half 2021 earnings released: EPS د.م18.80 (vs د.م18.17 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: د.م3.46b (down 14% from 1H 2020). Net income: د.م443.6m (up 3.5% from 1H 2020). Profit margin: 13% (up from 11% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 02Upcoming dividend of د.م35.00 per shareEligible shareholders must have bought the stock before 07 July 2021. Payment date: 16 July 2021. Trailing yield: 3.4%. Lower than top quartile of Moroccan dividend payers (4.8%). In line with average of industry peers (3.5%).Major Estimate Revision • Jun 11Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from د.م8.35b to د.م8.03b. EPS estimate rose from د.م38.20 to د.م44.40. Net income forecast to grow 19% next year vs 18% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,040 to د.م1,082. Share price was steady at د.م1,040 over the past week.Reported Earnings • Mar 18Full year 2020 earnings released: EPS د.م37.31 (vs د.م44.69 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: د.م7.79b (down 15% from FY 2019). Net income: د.م880.2m (down 17% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat.공시 • Mar 10+ 5 more updatesTAQA Morocco S.A. to Report Q3, 2021 Results on Nov 12, 2021TAQA Morocco S.A. announced that they will report Q3, 2021 results on Nov 12, 2021Is New 90 Day High Low • Nov 06New 90-day high: د.م939The company is up 6.0% from its price of د.م885 on 07 August 2020. The Moroccan market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Renewable Energy industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م755 per share.Is New 90 Day High Low • Oct 09New 90-day high: د.م891The company is up 1.0% from its price of د.م885 on 10 July 2020. The Moroccan market is also up 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 Renewable Energy industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م677 per share.Reported Earnings • Sep 22First half earnings releasedOver the last 12 months the company has reported total profits of د.م975.5m, down 3.8% from the prior year. Total revenue was د.م8.62b over the last 12 months, down 2.7% from the prior year.이익 및 매출 성장 예측CBSE:TQM - 애널리스트 향후 추정치 및 과거 재무 데이터 (MAD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202811,9711,427N/AN/A112/31/202711,2681,2145922,858112/31/202611,0951,1669582,612112/31/202510,6389811,6471,813N/A9/30/202510,6229721,7892,063N/A6/30/202510,6069641,9312,313N/A3/31/202510,8621,055N/AN/AN/A12/31/202410,8781,0531,1121,404N/A9/30/202411,1361,0791,1431,459N/A6/30/202411,3941,1051,1741,514N/A3/31/202412,0601,078N/AN/AN/A12/31/202313,1911,0372,2982,626N/A9/30/202314,1681,0972,5672,808N/A6/30/202315,1461,1562,8362,990N/A3/31/202315,0361,266N/AN/AN/A12/31/202213,6041,3032,0192,261N/A9/30/202211,9291,2351,6391,827N/A6/30/202210,2541,1661,2581,393N/A3/31/20228,5581,056N/AN/AN/A12/31/20217,8121,0051,7411,955N/A9/30/20217,5259501,9812,259N/A6/30/20217,2378952,2202,562N/A3/31/20217,693895N/AN/AN/A12/31/20207,7898803742,262N/A9/30/20208,2069283152,164N/A6/30/20208,6229752572,067N/A3/31/20208,8701,0151,1072,069N/A12/31/20199,1181,0541,9582,070N/A9/30/20198,9851,034N/A2,120N/A6/30/20198,8521,013N/A2,170N/A3/31/20198,6811,031N/A2,171N/A12/31/20188,5111,049N/A2,172N/A9/30/20188,3461,035N/AN/AN/A6/30/20188,1811,021N/AN/AN/A3/31/20188,1321,017N/AN/AN/A12/31/20178,0821,014N/A2,217N/A9/30/20178,0761,031N/AN/AN/A6/30/20178,0691,047N/AN/AN/A3/31/20178,0591,013N/AN/AN/A12/31/20168,049978N/A2,323N/A9/30/20168,317983N/AN/AN/A6/30/20168,584988N/AN/AN/A3/31/20168,736977N/AN/AN/A12/31/20158,888966N/A2,818N/A9/30/20158,702912N/AN/AN/A6/30/20158,622859N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: TQM 의 연간 예상 수익 증가율(11.6%)이 saving rate(15.1%) 미만입니다.수익 vs 시장: TQM 의 연간 수익(11.6%)이 MA 시장(11.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: TQM 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: TQM 의 수익(연간 3.7%)이 MA 시장(연간 10.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: TQM 의 수익(연간 3.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: TQM의 자본 수익률은 3년 후 19%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YUtilities 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 22:11종가2026/05/21 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스TAQA Morocco S.A.는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kais KriaaAlphaMenaSalma KharbachiAlphaMenaDounia FilaliBmce Capital Bourse
Price Target Changed • Apr 13Price target decreased by 18% to د.م2,000Down from د.م2,436, the current price target is provided by 1 analyst. New target price is 7.0% above last closing price of د.م1,870. Stock is down 4.3% over the past year. The company is forecast to post earnings per share of د.م49.40 for next year compared to د.م41.58 last year.
Major Estimate Revision • Mar 25Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from د.م11.8b to د.م10.6b. EPS estimate fell from د.م49.00 to د.م46.50 per share. Net income forecast to grow 4.3% next year vs 16% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,195 to د.م1,778. Share price rose 22% to د.م2,100 over the past week.
Price Target Changed • Mar 24Price target increased by 45% to د.م1,778Up from د.م1,222, the current price target is provided by 1 analyst. New target price is 15% below last closing price of د.م2,100. Stock is up 75% over the past year. The company is forecast to post earnings per share of د.م46.50 for next year compared to د.م44.63 last year.
Price Target Changed • Mar 12Price target increased by 7.1% to د.م1,145Up from د.م1,069, the current price target is provided by 1 analyst. New target price is 6.1% below last closing price of د.م1,220. Stock is up 28% over the past year. The company is forecast to post earnings per share of د.م45.80 for next year compared to د.م43.98 last year.
Price Target Changed • May 15Price target decreased by 14% to د.م1,060Down from د.م1,227, the current price target is provided by 1 analyst. New target price is 6.1% above last closing price of د.م999. Stock is down 9.2% over the past year. The company is forecast to post earnings per share of د.م59.10 for next year compared to د.م55.23 last year.
Price Target Changed • Mar 01Price target decreased by 7.3% to د.م1,160Down from د.م1,251, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.م999. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of د.م57.00 for next year compared to د.م42.60 last year.
공시 • Apr 27TAQA Morocco S.A., Annual General Meeting, May 26, 2026TAQA Morocco S.A., Annual General Meeting, May 26, 2026. Location: casablanca Morocco
Price Target Changed • Apr 13Price target decreased by 18% to د.م2,000Down from د.م2,436, the current price target is provided by 1 analyst. New target price is 7.0% above last closing price of د.م1,870. Stock is down 4.3% over the past year. The company is forecast to post earnings per share of د.م49.40 for next year compared to د.م41.58 last year.
Reported Earnings • Mar 31Full year 2025 earnings released: EPS: د.م41.58 (vs د.م44.63 in FY 2024)Full year 2025 results: EPS: د.م41.58 (down from د.م44.63 in FY 2024). Revenue: د.م10.7b (down 1.6% from FY 2024). Net income: د.م980.7m (down 6.8% from FY 2024). Profit margin: 9.2% (in line with FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Global Renewable Energy industry. 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 22% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.م1,631, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 85% over the past three years.
공시 • Feb 18TAQA Morocco S.A. to Report Q3, 2026 Results on Nov 12, 2026TAQA Morocco S.A. announced that they will report Q3, 2026 results on Nov 12, 2026
공시 • Feb 14+ 3 more updatesTAQA Morocco S.A. to Report Q1, 2026 Results on May 26, 2026TAQA Morocco S.A. announced that they will report Q1, 2026 results on May 26, 2026
Valuation Update With 7 Day Price Move • Oct 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.م2,250, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 116% over the past three years.
Reported Earnings • Sep 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: د.م2.44b (down 9.4% from 2Q 2024). Net income: د.م150.9m (down 38% from 2Q 2024). Profit margin: 6.2% (down from 9.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 09Upcoming dividend of د.م37.00 per shareEligible shareholders must have bought the stock before 16 September 2025. Payment date: 25 September 2025. Payout ratio and cash payout ratio are on the higher end at 83% and 79% respectively. Trailing yield: 1.3%. Lower than top quartile of Moroccan dividend payers (4.0%). Lower than average of industry peers (2.8%).
Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.م3,164, the stock trades at a forward P/E ratio of 68x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 221% over the past three years.
공시 • May 06TAQA Morocco S.A. announces Annual dividend, payable on September 26, 2025TAQA Morocco S.A. announced Annual dividend of MAD 37.0000 per share payable on September 26, 2025, ex-date on September 17, 2025 and record date on September 16, 2025.
New Risk • May 04New 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 8.2% 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 Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.2% average weekly change).
공시 • Apr 23TAQA Morocco S.A., Annual General Meeting, May 23, 2025TAQA Morocco S.A., Annual General Meeting, May 23, 2025.
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.م2,248, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 114% over the past three years.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.م1,960, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 101% over the past three years.
New Risk • Mar 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).
Major Estimate Revision • Mar 25Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from د.م11.8b to د.م10.6b. EPS estimate fell from د.م49.00 to د.م46.50 per share. Net income forecast to grow 4.3% next year vs 16% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,195 to د.م1,778. Share price rose 22% to د.م2,100 over the past week.
Price Target Changed • Mar 24Price target increased by 45% to د.م1,778Up from د.م1,222, the current price target is provided by 1 analyst. New target price is 15% below last closing price of د.م2,100. Stock is up 75% over the past year. The company is forecast to post earnings per share of د.م46.50 for next year compared to د.م44.63 last year.
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م1,898, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 95% over the past three years.
Reported Earnings • Mar 12Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: د.م44.63 (up from د.م43.98 in FY 2023). Revenue: د.م10.9b (down 17% from FY 2023). Net income: د.م1.05b (up 1.5% from FY 2023). Profit margin: 9.7% (up from 7.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
공시 • Mar 08TAQA Morocco S.A. to Report Q3, 2025 Results on Nov 14, 2025TAQA Morocco S.A. announced that they will report Q3, 2025 results on Nov 14, 2025
공시 • Feb 14+ 4 more updatesTAQA Morocco S.A. to Report Fiscal Year 2024 Final Results on Apr 30, 2025TAQA Morocco S.A. announced that they will report fiscal year 2024 final results on Apr 30, 2025
Reported Earnings • Sep 15Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: د.م2.70b (down 20% from 2Q 2023). Net income: د.م242.0m (up 13% from 2Q 2023). Profit margin: 9.0% (up from 6.4% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Global Renewable Energy industry.
Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: د.م12.04. Revenue: د.م2.96b (down 28% from 1Q 2023). Net income: د.م284.0m (up 17% from 1Q 2023). Profit margin: 9.6% (up from 5.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.
공시 • May 01TAQA Morocco S.A. to Report Q3, 2024 Results on Nov 12, 2024TAQA Morocco S.A. announced that they will report Q3, 2024 results on Nov 12, 2024
Price Target Changed • Mar 12Price target increased by 7.1% to د.م1,145Up from د.م1,069, the current price target is provided by 1 analyst. New target price is 6.1% below last closing price of د.م1,220. Stock is up 28% over the past year. The company is forecast to post earnings per share of د.م45.80 for next year compared to د.م43.98 last year.
New Risk • Mar 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risks High level of debt (95% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: د.م43.98 (vs د.م55.23 in FY 2022)Full year 2023 results: EPS: د.م43.98 (down from د.م55.23 in FY 2022). Revenue: د.م13.2b (down 3.0% from FY 2022). Net income: د.م1.04b (down 20% from FY 2022). Profit margin: 7.9% (down from 9.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year.
공시 • Feb 07+ 4 more updatesTAQA Morocco S.A. to Report Q2, 2024 Results on Sep 13, 2024TAQA Morocco S.A. announced that they will report Q2, 2024 results on Sep 13, 2024
Reported Earnings • Sep 19First quarter 2023 earnings releasedFirst quarter 2023 results: EPS: د.م10.30. Revenue: د.م4.09b (up 54% from 1Q 2022). Net income: د.م243.0m (down 13% from 1Q 2022). Profit margin: 5.9% (down from 11% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 9.3% growth forecast for the Global Renewable Energy industry.
공시 • Sep 15TAQA Morocco S.A. to Report Q3, 2023 Results on Nov 10, 2023TAQA Morocco S.A. announced that they will report Q3, 2023 results on Nov 10, 2023
공시 • Sep 08TAQA Morocco S.A. to Report Q2, 2023 Results on Sep 15, 2023TAQA Morocco S.A. announced that they will report Q2, 2023 results on Sep 15, 2023
New Risk • Sep 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks High level of debt (88% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).
Upcoming Dividend • Sep 06Upcoming dividend of د.م35.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Moroccan dividend payers (4.5%). In line with average of industry peers (3.3%).
New Risk • Jul 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (88% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change).
Price Target Changed • May 15Price target decreased by 14% to د.م1,060Down from د.م1,227, the current price target is provided by 1 analyst. New target price is 6.1% above last closing price of د.م999. Stock is down 9.2% over the past year. The company is forecast to post earnings per share of د.م59.10 for next year compared to د.م55.23 last year.
공시 • May 09TAQA Morocco S.A. to Report Q1, 2023 Results on May 15, 2023TAQA Morocco S.A. announced that they will report Q1, 2023 results on May 15, 2023
Reported Earnings • Mar 03Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: د.م55.23 (up from د.م42.60 in FY 2021). Revenue: د.م13.6b (up 75% from FY 2021). Net income: د.م1.30b (up 30% from FY 2021). Profit margin: 9.6% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year.
Price Target Changed • Mar 01Price target decreased by 7.3% to د.م1,160Down from د.م1,251, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.م999. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of د.م57.00 for next year compared to د.م42.60 last year.
Buying Opportunity • Feb 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be د.م1,179, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to د.م1,000, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Renewable Energy industry globally. Total returns to shareholders of 23% over the past three years.
Buying Opportunity • Dec 30Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 3.7%. The fair value is estimated to be د.م1,376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.
Major Estimate Revision • Dec 06Consensus revenue estimates increase by 61%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from د.م8.00b to د.م12.8b. EPS estimate increased from د.م46.60 to د.م57.00 per share. Net income forecast to grow 17% next year vs 31% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,159 to د.م1,251. Share price was steady at د.م1,099 over the past week.
Price Target Changed • Dec 05Price target increased to د.م1,251Up from د.م1,150, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.م1,080. Stock is down 1.8% over the past year. The company is forecast to post earnings per share of د.م46.60 for next year compared to د.م42.60 last year.
Buying Opportunity • Nov 25Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be د.م1,311, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.
Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be د.م1,279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.
Buying Opportunity • Oct 04Now 21% undervaluedOver the last 90 days, the stock is up 6.1%. The fair value is estimated to be د.م1,410, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to grow by 3.3% in the next 2 years.
Reported Earnings • Sep 19Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: د.م3.27b (up 110% from 2Q 2021). Net income: د.م325.1m (up 52% from 2Q 2021). Profit margin: 9.9% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 6.5% p.a. on average during the next 3 years, while revenues in the Global Renewable Energy industry are expected to grow by 7.6%.
Upcoming Dividend • Sep 07Upcoming dividend of د.م35.00 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 23 September 2022. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Moroccan dividend payers (4.5%). In line with average of industry peers (3.2%).
Buying Opportunity • Jul 25Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.2%. The fair value is estimated to be د.م1,410, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 4.2% in 2 years. Earnings is forecast to grow by 12% in the next 2 years.
Buying Opportunity • Jun 23Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.2%. The fair value is estimated to be د.م1,304, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 4.2% in 2 years. Earnings is forecast to grow by 12% in the next 2 years.
Reported Earnings • Jun 01First quarter 2022 earnings released: EPS: د.م11.87 (vs د.م9.40 in 1Q 2021)First quarter 2022 results: EPS: د.م11.87 (up from د.م9.40 in 1Q 2021). Revenue: د.م2.66b (up 53% from 1Q 2021). Net income: د.م280.0m (up 26% from 1Q 2021). Profit margin: 11% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 6.1% compared to a 308% growth forecast for the industry in Morocco.
Price Target Changed • Apr 27Price target increased to د.م1,150Up from د.م979, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م1,120. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.م46.60 for next year compared to د.م42.60 last year.
공시 • Jan 28+ 6 more updatesTAQA Morocco S.A. to Report Q2, 2022 Results on Aug 25, 2022TAQA Morocco S.A. announced that they will report Q2, 2022 results on Aug 25, 2022
Price Target Changed • Nov 02Price target decreased to د.م979Down from د.م1,082, the current price target is provided by 1 analyst. New target price is 11% below last closing price of د.م1,100. Stock is up 20% over the past year. The company posted earnings per share of د.م37.31 last year.
Price Target Changed • Nov 02Price target decreased to د.م979Down from د.م1,082, the current price target is provided by 1 analyst. New target price is 11% below last closing price of د.م1,100. Stock is up 20% over the past year. The company posted earnings per share of د.م37.31 last year.
Reported Earnings • Sep 22First half 2021 earnings released: EPS د.م18.80 (vs د.م18.17 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: د.م3.46b (down 14% from 1H 2020). Net income: د.م443.6m (up 3.5% from 1H 2020). Profit margin: 13% (up from 11% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 02Upcoming dividend of د.م35.00 per shareEligible shareholders must have bought the stock before 07 July 2021. Payment date: 16 July 2021. Trailing yield: 3.4%. Lower than top quartile of Moroccan dividend payers (4.8%). In line with average of industry peers (3.5%).
Major Estimate Revision • Jun 11Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from د.م8.35b to د.م8.03b. EPS estimate rose from د.م38.20 to د.م44.40. Net income forecast to grow 19% next year vs 18% growth forecast for Renewable Energy industry in Morocco. Consensus price target up from د.م1,040 to د.م1,082. Share price was steady at د.م1,040 over the past week.
Reported Earnings • Mar 18Full year 2020 earnings released: EPS د.م37.31 (vs د.م44.69 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: د.م7.79b (down 15% from FY 2019). Net income: د.م880.2m (down 17% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat.
공시 • Mar 10+ 5 more updatesTAQA Morocco S.A. to Report Q3, 2021 Results on Nov 12, 2021TAQA Morocco S.A. announced that they will report Q3, 2021 results on Nov 12, 2021
Is New 90 Day High Low • Nov 06New 90-day high: د.م939The company is up 6.0% from its price of د.م885 on 07 August 2020. The Moroccan market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Renewable Energy industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م755 per share.
Is New 90 Day High Low • Oct 09New 90-day high: د.م891The company is up 1.0% from its price of د.م885 on 10 July 2020. The Moroccan market is also up 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 Renewable Energy industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م677 per share.
Reported Earnings • Sep 22First half earnings releasedOver the last 12 months the company has reported total profits of د.م975.5m, down 3.8% from the prior year. Total revenue was د.م8.62b over the last 12 months, down 2.7% from the prior year.