Price Target Changed • Jun 08
Price target increased by 56% to د.م350 Up from د.م225, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م350. Stock is up 25% over the past year. The company is forecast to post earnings per share of د.م0.66 for next year compared to د.م0.29 last year. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 37% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Price Target Changed • May 13
Price target increased by 9.2% to د.م225 Up from د.م206, the current price target is provided by 1 analyst. New target price is 40% below last closing price of د.م373. Stock is up 33% over the past year. The company is forecast to post earnings per share of د.م0.87 for next year compared to د.م1.00 last year. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Oct 02
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. New Risk • Sep 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Declared Dividend • Jun 14
Dividend increased to د.م3.00 Dividend of د.م3.00 is 50% higher than last year. Ex-date: 30th June 2025 Payment date: 9th July 2025 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (350% earnings payout ratio). However, it is well covered by cash flows (25% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 289% to bring the payout ratio under control. EPS is expected to grow by 200% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • May 14
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Price Target Changed • May 14
Price target increased by 7.6% to د.م213 Up from د.م198, the current price target is provided by 1 analyst. New target price is 24% below last closing price of د.م280. Stock is up 3.7% over the past year. The company is forecast to post earnings per share of د.م6.92 for next year compared to د.م1.00 last year. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Price Target Changed • Jan 08
Price target decreased by 7.0% to د.م199 Down from د.م214, the current price target is provided by 1 analyst. New target price is 28% below last closing price of د.م275. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of د.م4.58 for next year compared to د.م0.072 last year. New Risk • Aug 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (77% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (0.03% net profit margin). Upcoming Dividend • Jun 19
Upcoming dividend of د.م2.00 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 05 July 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of Moroccan dividend payers (4.3%). Lower than average of industry peers (3.8%). Upcoming Dividend • Jun 19
Upcoming dividend of د.م2.00 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 05 July 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of Moroccan dividend payers (4.3%). Lower than average of industry peers (3.8%). Upcoming Dividend • Jun 19
Upcoming dividend of د.م2.00 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 05 July 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of Moroccan dividend payers (4.3%). Lower than average of industry peers (3.8%). Upcoming Dividend • Jun 19
Upcoming dividend of د.م2.00 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 05 July 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of Moroccan dividend payers (4.3%). Lower than average of industry peers (3.8%). New Risk • May 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (77% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (0.03% net profit margin). Price Target Changed • May 07
Price target decreased by 9.7% to د.م232 Down from د.م257, the current price target is provided by 1 analyst. New target price is 16% below last closing price of د.م275. Stock is up 9.6% over the past year. The company is forecast to post earnings per share of د.م4.45 for next year compared to د.م0.072 last year. Reported Earnings • May 02
Full year 2023 earnings released Full year 2023 results: Revenue: د.م6.16b (down 11% from FY 2022). Net income: د.م2.00m (down 99% from FY 2022). Profit margin: 0% (down from 3.0% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Food industry in Africa. Announcement • Apr 17
Lesieur Cristal S.A., Annual General Meeting, May 15, 2024 Lesieur Cristal S.A., Annual General Meeting, May 15, 2024. New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.09% net profit margin). New Risk • Mar 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.09% net profit margin). Price Target Changed • Feb 29
Price target increased by 9.4% to د.م257 Up from د.م235, the current price target is provided by 1 analyst. New target price is 6.0% below last closing price of د.م274. Stock is up 9.8% over the past year. The company is forecast to post earnings per share of د.م2.84 for next year compared to د.م7.00 last year. New Risk • Dec 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.09% net profit margin). New Risk • Nov 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Moroccan stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (5.6% average weekly change). New Risk • Nov 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Major Estimate Revision • Oct 19
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from د.م7.23b to د.م6.33b. EPS estimate fell from د.م5.75 to د.م2.75 per share. Net income forecast to shrink 63% next year vs 18% growth forecast for Food industry in Morocco . Consensus price target down from د.م284 to د.م253. Share price was steady at د.م276 over the past week. New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Price Target Changed • Oct 18
Price target decreased by 8.2% to د.م253 Down from د.م275, the current price target is an average from 2 analysts. New target price is 8.5% below last closing price of د.م276. Stock is up 26% over the past year. The company is forecast to post earnings per share of د.م2.75 for next year compared to د.م7.00 last year. Upcoming Dividend • Jun 19
Upcoming dividend of د.م4.50 per share at 1.8% yield Eligible shareholders must have bought the stock before 26 June 2023. Payment date: 05 July 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (3.0%). Price Target Changed • May 24
Price target decreased by 13% to د.م281 Down from د.م322, the current price target is provided by 1 analyst. New target price is 11% above last closing price of د.م254. Stock is up 44% over the past year. The company is forecast to post earnings per share of د.م6.57 for next year compared to د.م6.00 last year. Price Target Changed • May 10
Price target increased by 17% to د.م317 Up from د.م271, the current price target is provided by 1 analyst. New target price is 24% above last closing price of د.م255. Stock is up 44% over the past year. The company is forecast to post earnings per share of د.م6.57 for next year compared to د.م6.00 last year. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to د.م245, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 10x in the Food industry in Africa. Total returns to shareholders of 44% over the past three years. Price Target Changed • Dec 15
Price target increased to د.م271 Up from د.م211, the current price target is provided by 1 analyst. New target price is 28% above last closing price of د.م211. Stock is up 13% over the past year. The company is forecast to post earnings per share of د.م6.57 for next year compared to د.م6.00 last year. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improved over the past week After last week's 17% share price gain to د.م260, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 10x in the Food industry in Africa. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 19% share price gain to د.م213, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 10x in the Food industry in Africa. Total returns to shareholders of 34% over the past three years. Price Target Changed • Jul 01
Price target increased to د.م212 Up from د.م193, the current price target is provided by 1 analyst. New target price is 18% above last closing price of د.م180. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of د.م6.57 for next year compared to د.م6.00 last year. Upcoming Dividend • Jun 17
Upcoming dividend of د.م3.50 per share Eligible shareholders must have bought the stock before 24 June 2022. Payment date: 05 July 2022. Trailing yield: 1.9%. Lower than top quartile of Moroccan dividend payers (4.3%). Lower than average of industry peers (2.7%). Upcoming Dividend • Nov 10
Inaugural dividend of د.م3.00 per share Eligible shareholders must have bought the stock before 17 November 2021. Payment date: 29 November 2021. The company last paid an ordinary dividend in March 2019. The average dividend yield among industry peers is 3.8%. Major Estimate Revision • Jun 11
Consensus revenue estimates increase to د.م3.96b The consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from د.م3.54b to د.م3.96b. EPS estimate increased from د.م5.33 to د.م7.85 per share. Net income forecast to grow 20% next year vs 10% growth forecast for Food industry in Morocco. Consensus price target up from د.م152 to د.م196. Share price was steady at د.م188 over the past week. Price Target Changed • Jun 11
Price target increased to د.م196 Up from د.م152, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م188. Stock is up 23% over the past year. Is New 90 Day High Low • Feb 04
New 90-day high: د.م172 The company is up 8.0% from its price of د.م160 on 05 November 2020. The Moroccan market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م95.81 per share. Is New 90 Day High Low • Jan 14
New 90-day high: د.م172 The company is up 7.0% from its price of د.م160 on 15 October 2020. The Moroccan market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Food industry, which is also up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م96.11 per share. Is New 90 Day High Low • Dec 25
New 90-day high: د.م169 The company is up 12% from its price of د.م152 on 25 September 2020. The Moroccan market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م95.91 per share. Is New 90 Day High Low • Oct 20
New 90-day high: د.م162 The company is up 1.0% from its price of د.م160 on 22 July 2020. The Moroccan market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. Its price trend is also similar to the Food industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.م75.96 per share. Reported Earnings • Oct 03
First half earnings released Over the last 12 months the company has reported total profits of د.م141.0m, up 54% from the prior year. Total revenue was د.م4.09b over the last 12 months, up 1.5% from the prior year.