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SLF

SalafinCBSE:SLF Stock Report

Market Cap

د.م2.1b

7D

0%

1Y

41.1%

Updated

25 Oct, 2021

Data

Company Financials +
SLF fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance1/6
Financial Health4/6
Dividends2/6

SLF Overview

Salafin S.A. provides consumer credit to individuals and professionals in Morocco.

Price History & Performance

Summary of all time highs, changes and price drops for Salafin
Historical stock prices
Current Share Priceد.م670.00
52 Week Highد.م470.00
52 Week Lowد.م719.00
Beta0.35
1 Month Change-4.29%
3 Month Change3.57%
1 Year Change41.05%
3 Year Change-32.32%
5 Year Change-17.28%
Change since IPO-24.80%

Recent News & Updates

Shareholder Returns

SLFMA Consumer FinanceMA Market
7D0%2.2%0.03%
1Y41.1%65.6%24.8%

Return vs Industry: SLF underperformed the MA Consumer Finance industry which returned 65.6% over the past year.

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

Price Volatility

Is SLF's price volatile compared to industry and market?
SLF volatility
SLF Beta0.35
Industry Beta1.35
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1997345n/ahttps://www.salafin.com

Salafin S.A. provides consumer credit to individuals and professionals in Morocco. The company offers personal, revolving, car, and mortgage loans; credit cards; and insurance and customer service solutions. It is also involved in offering credit scoring and distribution to collection businesses through collection platforms for third parties.

Salafin Fundamentals Summary

How do Salafin's earnings and revenue compare to its market cap?
SLF fundamental statistics
Market Capد.م2.09b
Earnings (TTM)د.م9.17m
Revenue (TTM)د.م621.50m

228.3x

P/E Ratio

3.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SLF income statement (TTM)
Revenueد.م621.50m
Cost of Revenueد.م490.12m
Gross Profitد.م131.38m
Expensesد.م122.21m
Earningsد.م9.17m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.93
Gross Margin21.14%
Net Profit Margin1.48%
Debt/Equity Ratio190.5%

How did SLF perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

1,593%

Payout Ratio

Valuation

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

228.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SLF (MAD670) is trading above our estimate of fair value (MAD124.63)

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


Price To Earnings Ratio

PE vs Industry: SLF is poor value based on its PE Ratio (228.3x) compared to the African Consumer Finance industry average (32.6x).

PE vs Market: SLF is poor value based on its PE Ratio (228.3x) compared to the MA market (26.6x).


Price to Earnings Growth Ratio

PEG Ratio: SLF is poor value based on its PEG Ratio (4.4x)


Price to Book Ratio

PB vs Industry: SLF is overvalued based on its PB Ratio (2.3x) compared to the XF Consumer Finance industry average (1.5x).


Future Growth

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

51.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SLF's forecast earnings growth (51.7% per year) is above the savings rate (9.1%).

Earnings vs Market: SLF's earnings (51.7% 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: SLF's revenue is expected to decline over the next 3 years (-9.2% per year).

High Growth Revenue: SLF's revenue is forecast to decline over the next 3 years (-9.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SLF's Return on Equity is forecast to be low in 3 years time (12.9%).


Past Performance

How has Salafin performed over the past 5 years?

-24.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SLF has high quality earnings.

Growing Profit Margin: SLF's current net profit margins (1.5%) are lower than last year (10.7%).


Past Earnings Growth Analysis

Earnings Trend: SLF's earnings have declined by 24.9% per year over the past 5 years.

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

Earnings vs Industry: SLF had negative earnings growth (-88%) over the past year, making it difficult to compare to the Consumer Finance industry average (-50.8%).


Return on Equity

High ROE: SLF's Return on Equity (1%) is considered low.


Financial Health

How is Salafin's financial position?


Financial Position Analysis

Short Term Liabilities: SLF's short term assets (MAD3.1B) exceed its short term liabilities (MAD2.1B).

Long Term Liabilities: SLF's short term assets (MAD3.1B) exceed its long term liabilities (MAD1.5B).


Debt to Equity History and Analysis

Debt Level: SLF's debt to equity ratio (190.5%) is considered high.

Reducing Debt: SLF's debt to equity ratio has reduced from 227.5% to 190.5% over the past 5 years.

Debt Coverage: SLF's debt is well covered by operating cash flow (22.3%).

Interest Coverage: Insufficient data to determine if SLF's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Salafin current dividend yield, its reliability and sustainability?

6.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SLF's dividend (6.57%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: SLF's dividend (6.57%) is in the top 25% of dividend payers in the MA market (4.84%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (1593.3%), SLF's dividend payments are not 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?


CEO

Salafin 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 been diluted in the past year, with total shares outstanding growing by 6.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: Salafin S.A.
  • Ticker: SLF
  • Exchange: CBSE
  • Founded: 1997
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: د.م2.093b
  • Shares outstanding: 3.12m
  • Website: https://www.salafin.com

Number of Employees


Location

  • Salafin S.A.
  • Zenith Millenium
  • Building No. 8
  • Casablanca
  • 20190
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:40
End of Day Share Price2021/10/25 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.