Lesieur Cristal Valuation

Q: What is the Fair Price of LES when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

LES (MAD275.05) is trading below our estimate of [[fair value]] (MAD587.08)

Is LES undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LES when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LES (MAD275.05) is trading below our estimate of fair value (MAD587.08)

Significantly Below Fair Value: LES is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LES?

Key metric: As LES is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LES. This is calculated by dividing LES's market cap by their current earnings.
What is LES's PE Ratio?
PE Ratio	131x
Earnings	د.م58.00m
Market Cap	د.م7.60b

LES key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.4x
Enterprise Value/EBITDA	33.6x
PEG Ratio	3.3x

Price to Earnings Ratio vs Peers

How does LES's PE Ratio compare to its peers?

The above table shows the PE ratio for LES vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	21.7x
CSR Cosumar	17.7x	2.6%	د.م18.6b
MUT Mutandis	16x	n/a	د.م2.8b
DRI Dari Couspate	31.2x	n/a	د.م1.1b
CRS Cartier Saada	21.7x	n/a	د.م172.2m
LES Lesieur Cristal	131x	39.5%	د.م7.6b

Price-To-Earnings vs Peers: LES is expensive based on its Price-To-Earnings Ratio (131x) compared to the peer average (21.7x).

Price to Earnings Ratio vs Industry

How does LES's PE Ratio compare vs other companies in the African Food Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: LES is expensive based on its Price-To-Earnings Ratio (131x) compared to the African Food industry average (9.7x).

Price to Earnings Ratio vs Fair Ratio

What is LES's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LES PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	131x
Fair PE Ratio	30.9x

Price-To-Earnings vs Fair Ratio: LES is expensive based on its Price-To-Earnings Ratio (131x) compared to the estimated Fair Price-To-Earnings Ratio (30.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.