Salafin S.A. provides consumer credit to individuals and professionals in Morocco.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.م670.00|
|52 Week High||د.م470.00|
|52 Week Low||د.م719.00|
|1 Month Change||-4.29%|
|3 Month Change||3.57%|
|1 Year Change||41.05%|
|3 Year Change||-32.32%|
|5 Year Change||-17.28%|
|Change since IPO||-24.80%|
Recent News & Updates
|SLF||MA Consumer Finance||MA Market|
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.
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
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
|SLF fundamental statistics|
Is SLF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SLF income statement (TTM)|
|Cost of Revenue||د.م490.12m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.93|
|Net Profit Margin||1.48%|
How did SLF perform over the long term?See historical performance and comparison
6.6%Current Dividend Yield
Is Salafin undervalued compared to its fair value and its price relative to the market?
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).
How is Salafin forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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%).
How has Salafin performed over the past 5 years?
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.
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.
What is Salafin current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Salafin has no CEO, or we have no data on them.
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 been diluted in the past year, with total shares outstanding growing by 6.1%.
Salafin S.A.'s employee growth, exchange listings and data sources
- 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
- Salafin S.A.
- Zenith Millenium
- Building No. 8
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 21:40|
|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.