Société des Boissons du Maroc S.A.

CBSE:SBM Stock Report

Market Cap: د.م6.4b

Société des Boissons du Maroc Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 SBM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SBM (MAD2266) is trading above our estimate of fair value (MAD2063.14)

Significantly Below Fair Value: SBM is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SBM. This is calculated by dividing SBM's market cap by their current earnings.
What is SBM's PE Ratio?
PE Ratio10.7x
Earningsد.م600.20m
Market Capد.م6.41b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SBM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.8x
LES Lesieur Cristal
131x39.5%د.م7.6b
OUL Les Eaux Minérales d'Oulmès
38.8x18.0%د.م2.6b
CSR Cosumar
17.7x2.6%د.م18.6b
MUT Mutandis
15.7xn/aد.م2.7b
SBM Société des Boissons du Maroc
10.7x-10.7%د.م6.4b

Price-To-Earnings vs Peers: SBM is good value based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (50.8x).

Price to Earnings Ratio vs Industry

How does SBM's PE Ratio compare vs other companies in the Global Beverage Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SBM 10.7xIndustry Avg. 17.9xNo. of Companies32PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SBM is good value based on its Price-To-Earnings Ratio (10.7x) compared to the Global Beverage industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is SBM'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.

SBM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.7x
Fair PE Ratio12.2x

Price-To-Earnings vs Fair Ratio: SBM is good value based on its Price-To-Earnings Ratio (10.7x) compared to the estimated Fair Price-To-Earnings Ratio (12.2x).

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.

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