Crédit Immobilier et Hôtelier, Société Anonyme

CBSE:CIH Stock Report

Market Cap: د.م12.6b

Crédit Immobilier et Hôtelier Société Anonyme Valuation

Is CIH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CIH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate CIH's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CIH's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CIH?

Key metric: As CIH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CIH. This is calculated by dividing CIH's market cap by their current earnings.
What is CIH's PE Ratio?
PE Ratio15.5x
Earningsد.م812.96m
Market Capد.م12.60b

Price to Earnings Ratio vs Peers

How does CIH's PE Ratio compare to its peers?

The above table shows the PE ratio for CIH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
CDM Crédit du Maroc
16.3x9.1%د.م10.3b
BCI Banque Marocaine pour le Commerce et l'Industrie
31.3x43.6%د.م7.7b
BOA Bank of Africa
12.9x6.3%د.م42.7b
BCP Banque Centrale Populaire
15.9xn/aد.م58.9b
CIH Crédit Immobilier et Hôtelier Société Anonyme
15.5x8.4%د.م12.6b

Price-To-Earnings vs Peers: CIH is good value based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does CIH's PE Ratio compare vs other companies in the African Banks Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CIH 15.5xIndustry Avg. 5.2xNo. of Companies24PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CIH is expensive based on its Price-To-Earnings Ratio (15.5x) compared to the African Banks industry average (5.2x).

Price to Earnings Ratio vs Fair Ratio

What is CIH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CIH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.5x
Fair PE Ratio16x

Price-To-Earnings vs Fair Ratio: CIH is good value based on its Price-To-Earnings Ratio (15.5x) compared to the estimated Fair Price-To-Earnings Ratio (16x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CIH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.م399.90
د.م419.00
+4.8%
13.8%د.م477.00د.م361.00n/a2
Dec ’25د.م418.00
د.م410.00
-1.9%
16.3%د.م477.00د.م343.00n/a2
Nov ’25د.م407.00
د.م410.00
+0.7%
16.3%د.م477.00د.م343.00n/a2
Oct ’25د.م400.50
د.م410.00
+2.4%
16.3%د.م477.00د.م343.00n/a2
Jan ’25د.م351.55
د.م402.00
+14.4%
5.5%د.م424.00د.م380.00n/a2
Dec ’24د.م350.00
د.م375.67
+7.3%
6.2%د.م402.00د.م345.00د.م418.003
Nov ’24د.م392.90
د.م375.67
-4.4%
6.2%د.م402.00د.م345.00د.م407.003
Oct ’24د.م386.00
د.م375.67
-2.7%
6.2%د.م402.00د.م345.00د.م400.503
Sep ’24د.م366.10
د.م355.67
-2.8%
4.8%د.م380.00د.م342.00د.م410.003
Aug ’24د.م369.00
د.م355.67
-3.6%
4.8%د.م380.00د.م342.00د.م408.003
Jul ’24د.م368.30
د.م355.67
-3.4%
4.8%د.م380.00د.م342.00د.م380.003
Jun ’24د.م359.90
د.م356.33
-1.0%
4.7%د.م380.00د.م344.00د.م382.503

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 11:53
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Crédit Immobilier et Hôtelier, Société Anonyme is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ranya GnabaAlphaMena
Dounia FilaliBmce Capital Bourse
Mehdi ChakirCFG Marches