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
|Historical stock prices|
|Current Share Price||د.م200.00|
|52 Week High||د.م122.80|
|52 Week Low||د.م201.00|
|1 Month Change||0%|
|3 Month Change||4.74%|
|1 Year Change||53.85%|
|3 Year Change||57.79%|
|5 Year Change||39.37%|
|Change since IPO||-33.33%|
Recent News & Updates
|NEX||MA Electrical||MA Market|
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.
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
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
|NEX fundamental statistics|
Is NEX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NEX income statement (TTM)|
|Cost of Revenue||د.م1.30b|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||20.93|
|Net Profit Margin||2.61%|
How did NEX perform over the long term?See historical performance and comparison
5.0%Current Dividend Yield
Is Nexans Maroc undervalued compared to its fair value and its price relative to the market?
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).
How is Nexans Maroc forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Nexans Maroc performed over the past 5 years?
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.
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).
What is Nexans Maroc current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board 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...
Experienced Board: NEX's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nexans Maroc S.A.'s employee growth, exchange listings and data sources
- 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
- Nexans Maroc S.A.
- Bd Ahl Loghlam- Sidi Moumen
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 16:32|
|End of Day Share Price||2021/10/25 00:00|
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.