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NEX

Nexans MarocCBSE:NEX Stock Report

Market Cap

د.م448.7m

7D

0%

1Y

53.8%

Updated

26 Oct, 2021

Data

Company Financials
NEX fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

NEX Overview

Nexans Maroc S.A. produces and sells electrical equipment, diversified products, and turnkey solutions for infrastructure, industrial, and building markets in Morocco and rest of Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Nexans Maroc
Historical stock prices
Current Share Priceد.م200.00
52 Week Highد.م122.80
52 Week Lowد.م201.00
Beta-0.19
1 Month Change0%
3 Month Change4.74%
1 Year Change53.85%
3 Year Change57.79%
5 Year Change39.37%
Change since IPO-33.33%

Recent News & Updates

Shareholder Returns

NEXMA ElectricalMA Market
7D0%-0.9%0.3%
1Y53.8%15.9%25.1%

Return vs Industry: NEX exceeded the MA Electrical industry which returned 17.2% over the past year.

Return vs Market: NEX exceeded the MA Market which returned 24.8% over the past year.

Price Volatility

Is NEX's price volatile compared to industry and market?
NEX volatility
NEX Beta-0.19
Industry Beta0.53
Market Beta1

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

Volatility Over Time: Insufficient data to determine NEX's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1947n/aKarim Bennishttps://www.nexans.ma

Nexans Maroc S.A. produces and sells electrical equipment, diversified products, and turnkey solutions for infrastructure, industrial, and building markets in Morocco and rest of Africa. It offers medium voltage cells, prefabricated substations, and transformers; and power, building, telecommunication, automotive, and aeronautic cables. The company was founded in 1947 and is based in Casablanca, Morocco.

Nexans Maroc Fundamentals Summary

How do Nexans Maroc's earnings and revenue compare to its market cap?
NEX fundamental statistics
Market Capد.م448.70m
Earnings (TTM)د.م46.95m
Revenue (TTM)د.م1.80b

9.6x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NEX income statement (TTM)
Revenueد.م1.80b
Cost of Revenueد.م1.30b
Gross Profitد.م497.58m
Expensesد.م450.63m
Earningsد.م46.95m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)20.93
Gross Margin27.67%
Net Profit Margin2.61%
Debt/Equity Ratio12.0%

How did NEX perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

48%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NEX (MAD200) is trading below our estimate of fair value (MAD3949.78)

Significantly Below Fair Value: NEX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NEX is good value based on its PE Ratio (9.6x) compared to the African Electrical industry average (19.2x).

PE vs Market: NEX is good value based on its PE Ratio (9.6x) compared to the MA market (26.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NEX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NEX is good value based on its PB Ratio (0.6x) compared to the XF Electrical industry average (1.1x).


Future Growth

How is Nexans Maroc forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.8%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nexans Maroc has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Nexans Maroc performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NEX has high quality earnings.

Growing Profit Margin: NEX's current net profit margins (2.6%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: NEX's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: NEX's earnings growth over the past year (85.3%) exceeds its 5-year average (6.5% per year).

Earnings vs Industry: NEX earnings growth over the past year (85.3%) exceeded the Electrical industry 40%.


Return on Equity

High ROE: NEX's Return on Equity (6.2%) is considered low.


Financial Health

How is Nexans Maroc's financial position?


Financial Position Analysis

Short Term Liabilities: NEX's short term assets (MAD1.5B) exceed its short term liabilities (MAD775.1M).

Long Term Liabilities: NEX's short term assets (MAD1.5B) exceed its long term liabilities (MAD211.1M).


Debt to Equity History and Analysis

Debt Level: NEX's debt to equity ratio (12%) is considered satisfactory.

Reducing Debt: NEX's debt to equity ratio has increased from 9.7% to 12% over the past 5 years.

Debt Coverage: NEX's debt is well covered by operating cash flow (287.4%).

Interest Coverage: NEX's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet


Dividend

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

5.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NEX's dividend (5%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: NEX's dividend (5%) is in the top 25% of dividend payers in the MA market (4.84%)


Stability and Growth of Payments

Stable Dividend: NEX has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NEX's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.8%), NEX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.8yrs

Average board tenure


CEO

Karim Bennis

no data

Tenure

Mr. Karim Bennis serves as Chief Executive, Managing Director, Director and Member of Management Board at Nexans Maroc SA. Mr. Bennis served as Trustee Managing Director and General Manager of Nexans Maroc...


Board Members

Experienced Board: NEX's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

Nexans Maroc S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Nexans Maroc S.A.
  • Ticker: NEX
  • Exchange: CBSE
  • Founded: 1947
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: د.م448.704m
  • Shares outstanding: 2.24m
  • Website: https://www.nexans.ma

Location

  • Nexans Maroc S.A.
  • Bd Ahl Loghlam- Sidi Moumen
  • Casablanca
  • 20400
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:32
End of Day Share Price2021/10/25 00:00
Earnings2020/12/31
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.