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SAH

SAHAM AssuranceCBSE:SAH Stock Report

Market Cap

د.م5.5b

7D

1.8%

1Y

n/a

Updated

21 Oct, 2021

Data

Company Financials
SAH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends2/6

SAH Overview

Saham Assurance S.A. provides insurance services to private and institutional clients in Morocco.

Price History & Performance

Summary of all time highs, changes and price drops for SAHAM Assurance
Historical stock prices
Current Share Priceد.م1,348.00
52 Week Highد.م1,125.00
52 Week Lowد.م1,350.00
Beta0.21
1 Month Change1.74%
3 Month Change8.71%
1 Year Changen/a
3 Year Change-3.71%
5 Year Change33.73%
Change since IPO-2.88%

Recent News & Updates

Shareholder Returns

SAHMA InsuranceMA Market
7D1.8%1.0%0.06%
1Yn/a25.3%25.5%

Return vs Industry: Insufficient data to determine how SAH performed against the MA Insurance industry.

Return vs Market: Insufficient data to determine how SAH performed against the MA Market.

Price Volatility

Is SAH's price volatile compared to industry and market?
SAH volatility
SAH Beta0.21
Industry Beta0.81
Market Beta1

Stable Share Price: Insufficient data to determine SAH's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine SAH's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1949n/aChristophe Busohttps://sahamassurance.ma

Saham Assurance S.A. provides insurance services to private and institutional clients in Morocco. It offers automotive, home, health, individual accident, savings, travel, hunting, and pleasure insurance services. The company was formerly known as CNIA Saada Assurance SA and changed its name to Saham Assurance SA in March 2014.

SAHAM Assurance Fundamentals Summary

How do SAHAM Assurance's earnings and revenue compare to its market cap?
SAH fundamental statistics
Market Capد.م5.55b
Earnings (TTM)د.م686.19m
Revenue (TTM)د.م6.68b

8.1x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SAH income statement (TTM)
Revenueد.م6.68b
Cost of Revenueد.م4.43b
Gross Profitد.م2.26b
Expensesد.م1.57b
Earningsد.م686.19m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)166.68
Gross Margin33.75%
Net Profit Margin10.27%
Debt/Equity Ratio8.0%

How did SAH perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

42%

Payout Ratio

Valuation

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

8.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SAH (MAD1348) is trading above our estimate of fair value (MAD137.77)

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


Price To Earnings Ratio

PE vs Industry: SAH is good value based on its PE Ratio (8.1x) compared to the MA Insurance industry average (16.8x).

PE vs Market: SAH is good value based on its PE Ratio (8.1x) compared to the MA market (26.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SAH is good value based on its PB Ratio (1.1x) compared to the MA Insurance industry average (3.6x).


Future Growth

How is SAHAM Assurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.0%

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 SAHAM Assurance 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.


Past Performance

How has SAHAM Assurance performed over the past 5 years?

-2.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAH has high quality earnings.

Growing Profit Margin: SAH's current net profit margins (10.3%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: SAH's earnings have declined by 2.9% per year over the past 5 years.

Accelerating Growth: SAH's earnings growth over the past year (831.5%) exceeds its 5-year average (-2.9% per year).

Earnings vs Industry: SAH earnings growth over the past year (831.5%) exceeded the Insurance industry 26.8%.


Return on Equity

High ROE: SAH's Return on Equity (13.6%) is considered low.


Financial Health

How is SAHAM Assurance's financial position?


Financial Position Analysis

Short Term Liabilities: SAH's short term assets (MAD17.4B) exceed its short term liabilities (MAD1.6B).

Long Term Liabilities: SAH's short term assets (MAD17.4B) exceed its long term liabilities (MAD16.7B).


Debt to Equity History and Analysis

Debt Level: SAH's debt to equity ratio (8%) is considered satisfactory.

Reducing Debt: SAH's debt to equity ratio has reduced from 71.8% to 8% over the past 5 years.

Debt Coverage: SAH's debt is well covered by operating cash flow (2299.4%).

Interest Coverage: Insufficient data to determine if SAH's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is SAHAM Assurance current dividend yield, its reliability and sustainability?

1.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SAH's dividend (1.48%) isn’t notable compared to the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: SAH's dividend (1.48%) is low compared to the top 25% of dividend payers in the MA market (4.86%).


Stability and Growth of Payments

Stable Dividend: SAH's dividends per share have been stable in the past 10 years.

Growing Dividend: SAH's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.5%), SAH's dividend payments are 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.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Christophe Buso (56 yo)

no data

Tenure

Mr. Christophe Buso serves as Managing Director of Saham Assurance SA. He served as Managing Director of Groupama Centre Atlantique. Mr. Buso served as Managing Director of Groupama Centre-Atlantique at Gr...


Leadership Team

Experienced Management: SAH's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: SAH's board of directors are considered experienced (3.1 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

SAHAM Assurance S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: SAHAM Assurance S.A.
  • Ticker: SAH
  • Exchange: CBSE
  • Founded: 1949
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: د.م5.550b
  • Shares outstanding: 4.12m
  • Website: https://sahamassurance.ma

Location

  • SAHAM Assurance S.A.
  • 216, Boulevard Zerktouni
  • Casablanca
  • 20000
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 21:00
End of Day Share Price2021/10/21 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.