AFMA S.A. provides insurance brokerage services for private and corporate clients in Morocco and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.م1,335.00|
|52 Week High||د.م1,001.00|
|52 Week Low||د.م1,335.00|
|1 Month Change||9.43%|
|3 Month Change||8.98%|
|1 Year Change||28.37%|
|3 Year Change||33.77%|
|5 Year Change||84.14%|
|Change since IPO||76.59%|
Recent News & Updates
|AFM||MA Insurance||MA Market|
Return vs Industry: AFM exceeded the MA Insurance industry which returned 26.8% over the past year.
Return vs Market: AFM exceeded the MA Market which returned 26.4% over the past year.
Stable Share Price: AFM is less volatile than 75% of MA stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: AFM's weekly volatility (2%) has been stable over the past year.
About the Company
AFMA S.A. provides insurance brokerage services for private and corporate clients in Morocco and internationally. The company offers insurance products for businesses, such as civil liabilities, business interruption, automobile, transport, damage, and credit insurance, as well as insurance related to construction; and personal and cyber risk insurance products. It also provides individual insurance solutions comprising car, multi-risk home, death, retirement capitalization, individual accident, and health insurance products.
AFMA Fundamentals Summary
|AFM fundamental statistics|
Is AFM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AFM income statement (TTM)|
|Cost of Revenue||د.م104.33m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||44.98|
|Net Profit Margin||21.78%|
How did AFM perform over the long term?See historical performance and comparison
3.5%Current Dividend Yield
Is AFMA undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AFM (MAD1335) is trading above our estimate of fair value (MAD797.21)
Significantly Below Fair Value: AFM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AFM is poor value based on its PE Ratio (29.7x) compared to the MA Insurance industry average (16.8x).
PE vs Market: AFM is poor value based on its PE Ratio (29.7x) compared to the MA market (26.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AFM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AFM is overvalued based on its PB Ratio (80.5x) compared to the MA Insurance industry average (3.6x).
How is AFMA forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Insurance industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as AFMA has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has AFMA performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFM has high quality earnings.
Growing Profit Margin: AFM's current net profit margins (21.8%) are lower than last year (23.5%).
Past Earnings Growth Analysis
Earnings Trend: AFM's earnings have declined by 6.4% per year over the past 5 years.
Accelerating Growth: AFM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AFM had negative earnings growth (-2.6%) over the past year, making it difficult to compare to the Insurance industry average (26.8%).
Return on Equity
High ROE: Whilst AFM's Return on Equity (258.94%) is outstanding, this metric is skewed due to their high level of debt.
How is AFMA's financial position?
Financial Position Analysis
Short Term Liabilities: AFM's short term assets (MAD908.7M) do not cover its short term liabilities (MAD948.8M).
Long Term Liabilities: AFM's short term assets (MAD908.7M) exceed its long term liabilities (MAD82.1M).
Debt to Equity History and Analysis
Debt Level: AFM's debt to equity ratio (316.5%) is considered high.
Reducing Debt: AFM's debt to equity ratio has increased from 25.8% to 316.5% over the past 5 years.
Debt Coverage: AFM's debt is well covered by operating cash flow (174.5%).
Interest Coverage: AFM's interest payments on its debt are well covered by EBIT (15.1x coverage).
What is AFMA current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AFM's dividend (3.52%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).
High Dividend: AFM's dividend (3.52%) 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, AFM has been paying a dividend for less than 10 years.
Growing Dividend: AFM has only been paying a dividend for 3 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (104.5%), AFM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Farid Bensaïd serves as the Chairman of the Board of Directors and CEO at AFMA SA and its Director since December 15, 2015.
Experienced Board: AFM's board of directors are considered experienced (5.8 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.
AFMA S.A.'s employee growth, exchange listings and data sources
- Name: AFMA S.A.
- Ticker: AFM
- Exchange: CBSE
- Founded: 1953
- Industry: Insurance Brokers
- Sector: Insurance
- Market Cap: د.م1.335b
- Shares outstanding: 1.00m
- Website: https://www.afma.ma
Number of Employees
- AFMA S.A.
- 22 Bd Moulay Youssef
- 20 070
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 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.