Societe des Boissons du Maroc engages in brewing, bottling, and marketing beer in Morocco.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.م2,750.00|
|52 Week High||د.م2,150.00|
|52 Week Low||د.م2,775.00|
|1 Month Change||0.77%|
|3 Month Change||3.81%|
|1 Year Change||27.91%|
|3 Year Change||5.77%|
|5 Year Change||25.00%|
|Change since IPO||42,207.69%|
Recent News & Updates
|SBM||MA Beverage||MA Market|
Return vs Industry: SBM exceeded the MA Beverage industry which returned 21.5% over the past year.
Return vs Market: SBM exceeded the MA Market which returned 26.2% over the past year.
Stable Share Price: Insufficient data to determine SBM's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine SBM's volatility change over the past year.
About the Company
Societe des Boissons du Maroc engages in brewing, bottling, and marketing beer in Morocco. It also produces, markets, and trades in local wines, soft drinks, and mineral water; and provides olive oil. The company was founded in 1919 and is based in Casablanca, Morocco.
Societe des Boissons du Maroc Fundamentals Summary
|SBM fundamental statistics|
Is SBM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SBM income statement (TTM)|
|Cost of Revenue||د.م543.39m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||108.24|
|Net Profit Margin||12.15%|
How did SBM perform over the long term?See historical performance and comparison
3.9%Current Dividend Yield
Is Societe des Boissons du Maroc undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SBM (MAD2750) is trading below our estimate of fair value (MAD3519.98)
Significantly Below Fair Value: SBM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SBM is good value based on its PE Ratio (25.4x) compared to the African Beverage industry average (27.6x).
PE vs Market: SBM is good value based on its PE Ratio (25.4x) compared to the MA market (26.8x).
Price to Earnings Growth Ratio
PEG Ratio: SBM is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: SBM is overvalued based on its PB Ratio (6.2x) compared to the XF Beverage industry average (2.4x).
How is Societe des Boissons du Maroc forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBM's forecast earnings growth (15.3% per year) is above the savings rate (9.1%).
Earnings vs Market: SBM's earnings (15.3% per year) are forecast to grow faster than the MA market (13.1% per year).
High Growth Earnings: SBM's earnings are forecast to grow, but not significantly.
Revenue vs Market: SBM's revenue (6.4% per year) is forecast to grow slower than the MA market (6.8% per year).
High Growth Revenue: SBM's revenue (6.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SBM's Return on Equity is forecast to be high in 3 years time (26.3%)
How has Societe des Boissons du Maroc performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBM has high quality earnings.
Growing Profit Margin: SBM's current net profit margins (12.1%) are lower than last year (12.1%).
Past Earnings Growth Analysis
Earnings Trend: SBM's earnings have declined by 2.8% per year over the past 5 years.
Accelerating Growth: SBM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SBM had negative earnings growth (-1.7%) over the past year, making it difficult to compare to the Beverage industry average (19.7%).
Return on Equity
High ROE: SBM's Return on Equity (23.5%) is considered high.
How is Societe des Boissons du Maroc's financial position?
Financial Position Analysis
Short Term Liabilities: SBM's short term assets (MAD1.5B) exceed its short term liabilities (MAD752.4M).
Long Term Liabilities: SBM's short term assets (MAD1.5B) exceed its long term liabilities (MAD195.3M).
Debt to Equity History and Analysis
Debt Level: SBM's debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: SBM's debt to equity ratio has increased from 2.5% to 7.5% over the past 5 years.
Debt Coverage: SBM's debt is well covered by operating cash flow (556.6%).
Interest Coverage: SBM earns more interest than it pays, so coverage of interest payments is not a concern.
What is Societe des Boissons du Maroc current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBM's dividend (3.85%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).
High Dividend: SBM's dividend (3.85%) is low compared to the top 25% of dividend payers in the MA market (4.86%).
Stability and Growth of Payments
Stable Dividend: SBM has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SBM has only been paying a dividend for 8 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (97.9%), SBM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SBM's dividends in 3 years are not forecast to be well covered by earnings (90.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Societe des Boissons du Maroc has no CEO, or we have no data on them.
Experienced Board: SBM's board of directors are seasoned and experienced ( 12.4 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.
Societe des Boissons du Maroc's employee growth, exchange listings and data sources
- Name: Societe des Boissons du Maroc
- Ticker: SBM
- Exchange: CBSE
- Founded: 1919
- Industry: Brewers
- Sector: Food, Beverage & Tobacco
- Market Cap: د.م7.782b
- Shares outstanding: 2.83m
- Website: https://www.boissons-maroc.com/fr
Number of Employees
- Societe des Boissons du Maroc
- N°38, Boulevard Aïn Ifrane
- Lot Alamia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 16:30|
|End of Day Share Price||2021/10/15 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.