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MUT

MutandisCBSE:MUT Stock Report

Market Cap

د.م2.0b

7D

-3.5%

1Y

7.4%

Updated

18 Oct, 2021

Data

Company Financials +
MUT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health3/6
Dividends2/6

MUT Overview

Mutandis SCA engages in the provision of various consumer goods in Morocco and Africa.

Mutandis Competitors

Cosumar

CBSE:CSR

د.م25.7b

Lesieur Cristal

CBSE:LES

د.م5.2b

Groupe Centrale Danone

CBSE:CDA

د.م4.7b

Unimer

CBSE:UMR

د.م1.4b

Price History & Performance

Summary of all time highs, changes and price drops for Mutandis
Historical stock prices
Current Share Priceد.م246.00
52 Week Highد.م215.00
52 Week Lowد.م295.00
Beta0.31
1 Month Change-4.84%
3 Month Change-6.46%
1 Year Change7.42%
3 Year Changen/a
5 Year Changen/a
Change since IPO35.91%

Recent News & Updates

Shareholder Returns

MUTMA FoodMA Market
7D-3.5%0.002%1.3%
1Y7.4%29.3%26.6%

Return vs Industry: MUT underperformed the MA Food industry which returned 29.6% over the past year.

Return vs Market: MUT underperformed the MA Market which returned 26.4% over the past year.

Price Volatility

Is MUT's price volatile compared to industry and market?
MUT volatility
MUT Beta0.31
Industry Beta0.52
Market Beta1

Stable Share Price: MUT is not significantly more volatile than the rest of MA stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MUT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008799n/ahttps://www.mutandis.com

Mutandis SCA engages in the provision of various consumer goods in Morocco and Africa. It provides seafood and fruit juice products; detergents, including washing powder, multi-purpose paste, bleach, multi-surface cleaning liquids, and washing-up liquids; and PET bottles and plastic bottle-caps for sodas, mineral and table water, cooking oil, and fruit juice. The company also exports its products to Europe and the Middle East.

Mutandis Fundamentals Summary

How do Mutandis's earnings and revenue compare to its market cap?
MUT fundamental statistics
Market Capد.م1.97b
Earnings (TTM)د.م62.35m
Revenue (TTM)د.م1.40b

31.6x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MUT income statement (TTM)
Revenueد.م1.40b
Cost of Revenueد.م853.53m
Gross Profitد.م549.14m
Expensesد.م486.79m
Earningsد.م62.35m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.80
Gross Margin39.15%
Net Profit Margin4.45%
Debt/Equity Ratio61.6%

How did MUT perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

109%

Payout Ratio

Valuation

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

25.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MUT (MAD246) is trading below our estimate of fair value (MAD328.46)

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


Price To Earnings Ratio

PE vs Industry: MUT is poor value based on its PE Ratio (31.6x) compared to the African Food industry average (13.6x).

PE vs Market: MUT is poor value based on its PE Ratio (31.6x) compared to the MA market (26.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MUT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MUT is good value based on its PB Ratio (2.1x) compared to the MA Food industry average (2.5x).


Future Growth

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

9.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MUT's forecast earnings growth is above the savings rate (9.1%).

Earnings vs Market: Insufficient data to determine if MUT's earnings are forecast to grow faster than the MA market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MUT's revenue (9.1% per year) is forecast to grow faster than the MA market (6.6% per year).

High Growth Revenue: MUT's revenue (9.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MUT's Return on Equity is forecast to be low in 3 years time (10%).


Past Performance

How has Mutandis performed over the past 5 years?

2.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MUT has high quality earnings.

Growing Profit Margin: MUT's current net profit margins (4.4%) are lower than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: MUT's earnings have grown by 2.4% per year over the past 5 years.

Accelerating Growth: MUT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MUT had negative earnings growth (-19.4%) over the past year, making it difficult to compare to the Food industry average (8%).


Return on Equity

High ROE: MUT's Return on Equity (6.6%) is considered low.


Financial Health

How is Mutandis's financial position?


Financial Position Analysis

Short Term Liabilities: MUT's short term assets (MAD764.4M) do not cover its short term liabilities (MAD903.7M).

Long Term Liabilities: MUT's short term assets (MAD764.4M) exceed its long term liabilities (MAD161.5M).


Debt to Equity History and Analysis

Debt Level: MUT's debt to equity ratio (61.6%) is considered high.

Reducing Debt: MUT's debt to equity ratio has reduced from 90.1% to 61.6% over the past 5 years.

Debt Coverage: Insufficient data to determine if MUT's debt is well covered by operating cash flow.

Interest Coverage: MUT's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Dividend

What is Mutandis's current dividend yield, its reliability and sustainability?

3.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MUT's dividend (3.46%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: MUT's dividend (3.46%) is low compared to the top 25% of dividend payers in the MA market (4.85%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MUT has been paying a dividend for less than 10 years.

Growing Dividend: MUT's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (108.6%), MUT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MUT's dividends in 3 years are forecast to be covered by earnings (67.3% payout ratio).


Next Steps

Management

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

4.5yrs

Average board tenure


CEO

Mutandis has no CEO, or we have no data on them.


Board Members

Experienced Board: MUT's board of directors are considered experienced (4.5 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

Mutandis SCA's employee growth, exchange listings and data sources


Key Information

  • Name: Mutandis SCA
  • Ticker: MUT
  • Exchange: CBSE
  • Founded: 2008
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: د.م1.967b
  • Shares outstanding: 8.00m
  • Website: https://www.mutandis.com

Number of Employees


Location

  • Mutandis SCA
  • 5-7, rue Ibnou Toufail
  • Palmier
  • Casablanca
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:43
End of Day Share Price2021/10/18 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.