Cosumar SA, together with its subsidiaries, produces, packages, and markets sugar products in Morocco.
No risks detected for CSR from our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.م270.50|
|52 Week High||د.م200.15|
|52 Week Low||د.م293.90|
|1 Month Change||-3.12%|
|3 Month Change||2.66%|
|1 Year Change||33.25%|
|3 Year Change||60.06%|
|5 Year Change||171.71%|
|Change since IPO||967.76%|
Recent News & Updates
|CSR||MA Food||MA Market|
Return vs Industry: CSR exceeded the MA Food industry which returned 26.8% over the past year.
Return vs Market: CSR exceeded the MA Market which returned 24.8% over the past year.
Stable Share Price: CSR is less volatile than 75% of MA stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: CSR's weekly volatility (2%) has been stable over the past year.
About the Company
Cosumar SA, together with its subsidiaries, produces, packages, and markets sugar products in Morocco. The company processes sugar cane and sugar beet plants into white sugar, as well as refines raw sugar. Its products include sugar loaves, granulated sugar, ingots, and sugar lumps, as well as molasses, pellets, and bagasse.
Cosumar Fundamentals Summary
|CSR fundamental statistics|
Is CSR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CSR income statement (TTM)|
|Cost of Revenue||د.م9.11b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||9.74|
|Net Profit Margin||7.57%|
How did CSR perform over the long term?See historical performance and comparison
2.2%Current Dividend Yield
Is Cosumar 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: CSR (MAD270.5) is trading above our estimate of fair value (MAD196.85)
Significantly Below Fair Value: CSR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CSR is poor value based on its PE Ratio (27.8x) compared to the African Food industry average (13.7x).
PE vs Market: CSR is poor value based on its PE Ratio (27.8x) compared to the MA market (26.6x).
Price to Earnings Growth Ratio
PEG Ratio: CSR is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: CSR is overvalued based on its PB Ratio (5x) compared to the MA Food industry average (2.5x).
How is Cosumar forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CSR's forecast earnings growth (10.7% per year) is above the savings rate (9.1%).
Earnings vs Market: CSR's earnings (10.7% per year) are forecast to grow slower than the MA market (13.1% per year).
High Growth Earnings: CSR's earnings are forecast to grow, but not significantly.
Revenue vs Market: CSR's revenue is expected to decline over the next 3 years (-3.6% per year).
High Growth Revenue: CSR's revenue is forecast to decline over the next 3 years (-3.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CSR's Return on Equity is forecast to be low in 3 years time (17.7%).
How has Cosumar performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CSR has high quality earnings.
Growing Profit Margin: CSR's current net profit margins (7.6%) are lower than last year (7.7%).
Past Earnings Growth Analysis
Earnings Trend: CSR's earnings have declined by 1% per year over the past 5 years.
Accelerating Growth: CSR's earnings growth over the past year (4.2%) exceeds its 5-year average (-1% per year).
Earnings vs Industry: CSR earnings growth over the past year (4.2%) underperformed the Food industry 5.7%.
Return on Equity
High ROE: CSR's Return on Equity (18%) is considered low.
How is Cosumar's financial position?
Financial Position Analysis
Short Term Liabilities: CSR's short term assets (MAD7.0B) exceed its short term liabilities (MAD6.2B).
Long Term Liabilities: CSR's short term assets (MAD7.0B) exceed its long term liabilities (MAD1.0B).
Debt to Equity History and Analysis
Debt Level: CSR's debt to equity ratio (30.7%) is considered satisfactory.
Reducing Debt: CSR's debt to equity ratio has increased from 17.7% to 30.7% over the past 5 years.
Debt Coverage: CSR's debt is well covered by operating cash flow (119.5%).
Interest Coverage: CSR's interest payments on its debt are well covered by EBIT (65.6x coverage).
What is Cosumar current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CSR's dividend (2.22%) isn’t notable compared to the bottom 25% of dividend payers in the MA market (2.22%).
High Dividend: CSR's dividend (2.22%) is low compared to the top 25% of dividend payers in the MA market (4.84%).
Stability and Growth of Payments
Stable Dividend: CSR's dividends per share have been stable in the past 10 years.
Growing Dividend: CSR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CSR's dividends in 3 years are forecast to be covered by earnings (79.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Mohammed Fikrat serves as Chief Executive Officer and Managing Director of Cosumar SA and has been its Chairman since October 29, 2004.
Experienced Management: CSR's management team is considered experienced (2.8 years average tenure).
Experienced Board: CSR's board of directors are considered experienced (7.4 years average tenure).
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.
Cosumar SA's employee growth, exchange listings and data sources
- Name: Cosumar SA
- Ticker: CSR
- Exchange: CBSE
- Founded: 1929
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: د.م25.559b
- Shares outstanding: 94.49m
- Website: https://www.cosumar.co.ma
Number of Employees
- Cosumar SA
- 8 rue Mouatamid Ibnou Abbad
- BP 3098
- 20 300
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 21:37|
|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.