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CSR

CosumarCBSE:CSR Stock Report

Market Cap

د.م25.6b

7D

-0.5%

1Y

33.3%

Updated

25 Oct, 2021

Data

Company Financials +
CSR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends3/6

CSR Overview

Cosumar SA, together with its subsidiaries, produces, packages, and markets sugar products in Morocco.

Rewards

Earnings are forecast to grow 10.72% per year

Risk Analysis

No risks detected for CSR from our risk checks.

Cosumar Competitors

Mutandis

CBSE:MUT

د.م2.0b

Price History & Performance

Summary of all time highs, changes and price drops for Cosumar
Historical stock prices
Current Share Priceد.م270.50
52 Week Highد.م200.15
52 Week Lowد.م293.90
Beta0.34
1 Month Change-3.12%
3 Month Change2.66%
1 Year Change33.25%
3 Year Change60.06%
5 Year Change171.71%
Change since IPO967.76%

Recent News & Updates

Shareholder Returns

CSRMA FoodMA Market
7D-0.5%-0.1%0.3%
1Y33.3%26.3%25.1%

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.

Price Volatility

Is CSR's price volatile compared to industry and market?
CSR volatility
CSR Beta0.34
Industry Beta0.52
Market Beta1

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

FoundedEmployeesCEOWebsite
19291,358Mohammed Fikrathttps://www.cosumar.co.ma

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

How do Cosumar's earnings and revenue compare to its market cap?
CSR fundamental statistics
Market Capد.م25.56b
Earnings (TTM)د.م920.50m
Revenue (TTM)د.م12.16b

27.8x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CSR income statement (TTM)
Revenueد.م12.16b
Cost of Revenueد.م9.11b
Gross Profitد.م3.04b
Expensesد.م2.12b
Earningsد.م920.50m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)9.74
Gross Margin25.04%
Net Profit Margin7.57%
Debt/Equity Ratio30.7%

How did CSR perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

n/a

Payout Ratio

Valuation

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

27.77x

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).


Future Growth

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

10.7%

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%).


Past Performance

How has Cosumar performed over the past 5 years?

-1.0%

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.


Financial Health

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).


Balance Sheet


Dividend

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

2.22%

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).


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Mohammed Fikrat

no data

Tenure

Mr. Mohammed Fikrat serves as Chief Executive Officer and Managing Director of Cosumar SA and has been its Chairman since October 29, 2004.


Leadership Team

Experienced Management: CSR's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: CSR's board of directors are considered experienced (7.4 years average tenure).


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

Cosumar SA's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Cosumar SA
  • 8 rue Mouatamid Ibnou Abbad
  • BP 3098
  • Casablanca
  • 20 300
  • 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 21:37
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.