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ALM

Aluminium Du MarocCBSE:ALM Stock Report

Market Cap

د.م671.0m

7D

2.5%

1Y

12.1%

Updated

14 Oct, 2021

Data

Company Financials +
ALM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends4/6

ALM Overview

Aluminium Du Maroc SA, together with its subsidiaries, designs, manufactures, and sells aluminum alloy products in Morocco.

Price History & Performance

Summary of all time highs, changes and price drops for Aluminium Du Maroc
Historical stock prices
Current Share Priceد.م1,440.00
52 Week Highد.م1,260.00
52 Week Lowد.م1,548.00
Beta0.012
1 Month Change5.81%
3 Month Change5.88%
1 Year Change12.06%
3 Year Change-10.62%
5 Year Change44.00%
Change since IPO62.53%

Recent News & Updates

Shareholder Returns

ALMMA BuildingMA Market
7D2.5%2.7%1.5%
1Y12.1%21.7%25.4%

Return vs Industry: ALM underperformed the MA Building industry which returned 22.5% over the past year.

Return vs Market: ALM underperformed the MA Market which returned 24.4% over the past year.

Price Volatility

Is ALM's price volatile compared to industry and market?
ALM volatility
ALM Beta0.012
Industry Beta0.53
Market Beta1

Stable Share Price: ALM is not significantly more volatile than the rest of MA stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ALM's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1976517n/ahttps://www.aluminiumdumaroc.com

Aluminium Du Maroc SA, together with its subsidiaries, designs, manufactures, and sells aluminum alloy products in Morocco. It manufactures, machines, and lays aluminum joinery systems; and produces and markets abrasive papers. The company’s products include windows and doors, bellows, sliding products, French doors, and round frames, as well as aluminum hardware accessories; cladding panels; and welded steel, driving, structural, general purpose, and greenhouse tubes, as well as pipes.

Aluminium Du Maroc Fundamentals Summary

How do Aluminium Du Maroc's earnings and revenue compare to its market cap?
ALM fundamental statistics
Market Capد.م670.97m
Earnings (TTM)د.م26.68m
Revenue (TTM)د.م1.09b

25.2x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALM income statement (TTM)
Revenueد.م1.09b
Cost of Revenueد.م762.17m
Gross Profitد.م327.25m
Expensesد.م300.57m
Earningsد.م26.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)57.25
Gross Margin30.04%
Net Profit Margin2.45%
Debt/Equity Ratio193.9%

How did ALM perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

140%

Payout Ratio

Valuation

Is Aluminium Du Maroc undervalued compared to its fair value and its price relative to the market?

25.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ALM (MAD1440) is trading above our estimate of fair value (MAD432.3)

Significantly Below Fair Value: ALM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ALM is poor value based on its PE Ratio (25.2x) compared to the African Building industry average (11.8x).

PE vs Market: ALM is good value based on its PE Ratio (25.2x) compared to the MA market (27x).


Price to Earnings Growth Ratio

PEG Ratio: ALM is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: ALM is overvalued based on its PB Ratio (2.4x) compared to the XF Building industry average (1.4x).


Future Growth

How is Aluminium Du Maroc forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

19.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALM's forecast earnings growth (19.7% per year) is above the savings rate (9.1%).

Earnings vs Market: ALM's earnings (19.7% per year) are forecast to grow faster than the MA market (13.1% per year).

High Growth Earnings: ALM's earnings are forecast to grow, but not significantly.

Revenue vs Market: ALM's revenue is expected to decline over the next 3 years (-8.2% per year).

High Growth Revenue: ALM's revenue is forecast to decline over the next 3 years (-8.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALM's Return on Equity is forecast to be low in 3 years time (11.2%).


Past Performance

How has Aluminium Du Maroc performed over the past 5 years?

-20.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALM has high quality earnings.

Growing Profit Margin: ALM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ALM's earnings have declined by 20.3% per year over the past 5 years.

Accelerating Growth: ALM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ALM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Building industry (6.6%).


Return on Equity

High ROE: ALM's Return on Equity (10.7%) is considered low.


Financial Health

How is Aluminium Du Maroc's financial position?


Financial Position Analysis

Short Term Liabilities: ALM's short term assets (MAD775.5M) exceed its short term liabilities (MAD641.7M).

Long Term Liabilities: ALM's short term assets (MAD775.5M) exceed its long term liabilities (MAD162.2M).


Debt to Equity History and Analysis

Debt Level: ALM's debt to equity ratio (193.9%) is considered high.

Reducing Debt: ALM's debt to equity ratio has increased from 76% to 193.9% over the past 5 years.

Debt Coverage: ALM's debt is well covered by operating cash flow (24.8%).

Interest Coverage: ALM's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


Dividend

What is Aluminium Du Maroc current dividend yield, its reliability and sustainability?

5.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALM's dividend (5.56%) is higher than the bottom 25% of dividend payers in the MA market (2.24%).

High Dividend: ALM's dividend (5.56%) is in the top 25% of dividend payers in the MA market (4.88%)


Stability and Growth of Payments

Stable Dividend: ALM's dividends per share have been stable in the past 10 years.

Growing Dividend: ALM's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (139.8%), ALM's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ALM's dividends in 3 years are forecast to be covered by earnings (67.7% payout ratio).


Next Steps

Management

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


CEO

Aluminium Du Maroc has no CEO, or we have no data on them.


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

Aluminium Du Maroc SA's employee growth, exchange listings and data sources


Key Information

  • Name: Aluminium Du Maroc SA
  • Ticker: ALM
  • Exchange: CBSE
  • Founded: 1976
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: د.م670.974m
  • Shares outstanding: 465.95k
  • Website: https://www.aluminiumdumaroc.com

Number of Employees


Location

  • Aluminium Du Maroc SA
  • Industrial Area
  • Tetouan Road - BP 324
  • Tangier
  • 90000
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/14 21:23
End of Day Share Price2021/10/14 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.