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CIH

Crédit Immobilier et Hôtelier Société AnonymeCBSE:CIH Stock Report

Market Cap

د.م9.2b

7D

2.2%

1Y

31.6%

Updated

18 Oct, 2021

Data

Company Financials +
CIH fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends4/6

CIH Overview

Crédit Immobilier et Hôtelier, Société Anonyme provides various banking products and services for individuals, professionals, companies, and real estate developers in Morocco.

Price History & Performance

Summary of all time highs, changes and price drops for Crédit Immobilier et Hôtelier Société Anonyme
Historical stock prices
Current Share Priceد.م325.00
52 Week Highد.م233.50
52 Week Lowد.م325.00
Beta0.21
1 Month Change9.65%
3 Month Change16.49%
1 Year Change31.58%
3 Year Change14.04%
5 Year Change25.00%
Change since IPO50.46%

Recent News & Updates

Shareholder Returns

CIHMA BanksMA Market
7D2.2%-0.1%1.0%
1Y31.6%26.6%26.4%

Return vs Industry: CIH exceeded the MA Banks industry which returned 26.6% over the past year.

Return vs Market: CIH exceeded the MA Market which returned 26.4% over the past year.

Price Volatility

Is CIH's price volatile compared to industry and market?
CIH volatility
CIH Beta0.21
Industry Beta0.41
Market Beta1

Stable Share Price: CIH is not significantly more volatile than the rest of MA stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CIH's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19202,133Lotfi Sekkathttps://www.cihbank.ma

Crédit Immobilier et Hôtelier, Société Anonyme provides various banking products and services for individuals, professionals, companies, and real estate developers in Morocco. The company accepts checking, currency, current, and covetable dirham accounts; and provides funding and financing services, bank cards, and real estate loans. It also provides bancassurance and investing, insurance brokerage, and cash flow management services, as well as online and mobile banking services.

Crédit Immobilier et Hôtelier Société Anonyme Fundamentals Summary

How do Crédit Immobilier et Hôtelier Société Anonyme's earnings and revenue compare to its market cap?
CIH fundamental statistics
Market Capد.م9.21b
Earnings (TTM)د.م299.52m
Revenue (TTM)د.م2.14b

30.7x

P/E Ratio

1.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CIH income statement (TTM)
Revenueد.م2.14b
Cost of Revenueد.م0
Gross Profitد.م2.14b
Expensesد.م1.85b
Earningsد.م299.52m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)10.57
Gross Margin100.00%
Net Profit Margin13.96%
Debt/Equity Ratio478.6%

How did CIH perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

76%

Payout Ratio

Valuation

Is Crédit Immobilier et Hôtelier Société Anonyme undervalued compared to its fair value and its price relative to the market?

30.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CIH's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CIH's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CIH is poor value based on its PE Ratio (30.7x) compared to the MA Banks industry average (24.2x).

PE vs Market: CIH is poor value based on its PE Ratio (30.7x) compared to the MA market (26.8x).


Price to Earnings Growth Ratio

PEG Ratio: CIH is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: CIH is overvalued based on its PB Ratio (1.8x) compared to the MA Banks industry average (1.7x).


Future Growth

How is Crédit Immobilier et Hôtelier Société Anonyme forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

29.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CIH's forecast earnings growth (29.2% per year) is above the savings rate (9.1%).

Earnings vs Market: CIH's earnings (29.2% per year) are forecast to grow faster than the MA market (13.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CIH's revenue (11.4% per year) is forecast to grow faster than the MA market (6.6% per year).

High Growth Revenue: CIH's revenue (11.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CIH's Return on Equity is forecast to be low in 3 years time (12.2%).


Past Performance

How has Crédit Immobilier et Hôtelier Société Anonyme performed over the past 5 years?

-13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CIH has high quality earnings.

Growing Profit Margin: CIH's current net profit margins (14%) are lower than last year (14.2%).


Past Earnings Growth Analysis

Earnings Trend: CIH's earnings have declined by 13.9% per year over the past 5 years.

Accelerating Growth: CIH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CIH had negative earnings growth (-6.7%) over the past year, making it difficult to compare to the Banks industry average (8.4%).


Return on Equity

High ROE: CIH's Return on Equity (5.6%) is considered low.


Financial Health

How is Crédit Immobilier et Hôtelier Société Anonyme's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CIH's Assets to Equity ratio (17.3x) is moderate.

Allowance for Bad Loans: CIH has a low allowance for bad loans (60%).

Low Risk Liabilities: 64% of CIH's liabilities are made up of primarily low risk sources of funding.

Loan Level: CIH has an appropriate level of Loans to Assets ratio (73%).

Low Risk Deposits: CIH's Loans to Deposits ratio (121%) is appropriate.

Level of Bad Loans: CIH has a high level of bad loans (7.4%).


Dividend

What is Crédit Immobilier et Hôtelier Société Anonyme current dividend yield, its reliability and sustainability?

2.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CIH's dividend (2.46%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: CIH's dividend (2.46%) is low compared to the top 25% of dividend payers in the MA market (4.85%).


Stability and Growth of Payments

Stable Dividend: CIH's dividend payments have been volatile in the past 10 years.

Growing Dividend: CIH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.7%), CIH's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CIH's dividends in 3 years are forecast to be covered by earnings (74% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average board tenure


CEO

Lotfi Sekkat (57 yo)

2.33yrs

Tenure

Mr. Lotfi Sekkat has been the Chief Executive Officer at Crédit Immobilier et Hôtelier, Société Anonyme since June 04, 2019 and has been its Chairman since June 2019. He serves as President at Crédit Immob...


Board Members

Experienced Board: CIH's board of directors are considered experienced (5.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Crédit Immobilier et Hôtelier, Société Anonyme's employee growth, exchange listings and data sources


Key Information

  • Name: Crédit Immobilier et Hôtelier, Société Anonyme
  • Ticker: CIH
  • Exchange: CBSE
  • Founded: 1920
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: د.م9.206b
  • Shares outstanding: 28.32m
  • Website: https://www.cihbank.ma

Number of Employees


Location

  • Crédit Immobilier et Hôtelier, Société Anonyme
  • 187, Avenue Hassan II
  • Casablanca
  • 20 019
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:38
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.