Wafa Assurance SA provides insurance products to individuals and companies in Morocco.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.م4,600.00|
|52 Week High||د.م3,355.00|
|52 Week Low||د.م4,600.00|
|1 Month Change||7.60%|
|3 Month Change||7.86%|
|1 Year Change||36.30%|
|3 Year Change||12.47%|
|5 Year Change||24.49%|
|Change since IPO||489.74%|
Recent News & Updates
|WAA||MA Insurance||MA Market|
Return vs Industry: WAA exceeded the MA Insurance industry which returned 26.8% over the past year.
Return vs Market: WAA exceeded the MA Market which returned 26.4% over the past year.
Stable Share Price: WAA is not significantly more volatile than the rest of MA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: WAA's weekly volatility (3%) has been stable over the past year.
About the Company
Wafa Assurance SA provides insurance products to individuals and companies in Morocco. It offers retirement, savings, education, and education savings plan products; health, accident, and travel insurance products; auto insurance products; prevention, property damage, multi risk, and civil liability insurance products; and hospitalization and company retirement insurance products, as well as insurance products for women. The company was formerly known as Société Nouvelle d’Assurances and changed its name to Wafa Assurance SA in 1989.
Wafa Assurance Fundamentals Summary
|WAA fundamental statistics|
Is WAA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WAA income statement (TTM)|
|Cost of Revenue||د.م8.12b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||273.80|
|Net Profit Margin||9.48%|
How did WAA perform over the long term?See historical performance and comparison
2.2%Current Dividend Yield
Is Wafa Assurance 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: WAA (MAD4600) is trading below our estimate of fair value (MAD12526.18)
Significantly Below Fair Value: WAA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WAA's PE Ratio (16.8x) is in line with the MA Insurance industry average.
PE vs Market: WAA is good value based on its PE Ratio (16.8x) compared to the MA market (26.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WAA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WAA is good value based on its PB Ratio (2.7x) compared to the MA Insurance industry average (3.6x).
How is Wafa Assurance 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 Wafa 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.
How has Wafa Assurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WAA has high quality earnings.
Growing Profit Margin: WAA's current net profit margins (9.5%) are higher than last year (0.3%).
Past Earnings Growth Analysis
Earnings Trend: WAA's earnings have declined by 13.6% per year over the past 5 years.
Accelerating Growth: WAA's earnings growth over the past year (3456.4%) exceeds its 5-year average (-13.6% per year).
Earnings vs Industry: WAA earnings growth over the past year (3456.4%) exceeded the Insurance industry 26.8%.
Return on Equity
High ROE: WAA's Return on Equity (16%) is considered low.
How is Wafa Assurance's financial position?
Financial Position Analysis
Short Term Liabilities: WAA's short term assets (MAD9.5B) do not cover its short term liabilities (MAD15.6B).
Long Term Liabilities: WAA's short term assets (MAD9.5B) do not cover its long term liabilities (MAD25.3B).
Debt to Equity History and Analysis
Debt Level: WAA's debt to equity ratio (0.07%) is considered satisfactory.
Reducing Debt: WAA's debt to equity ratio has reduced from 52.1% to 0.07% over the past 5 years.
Debt Coverage: WAA's debt is well covered by operating cash flow (68963.4%).
Interest Coverage: WAA's interest payments on its debt are well covered by EBIT (17936.9x coverage).
What is Wafa Assurance current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WAA's dividend (2.17%) isn’t notable compared to the bottom 25% of dividend payers in the MA market (2.22%).
High Dividend: WAA's dividend (2.17%) is low compared to the top 25% of dividend payers in the MA market (4.85%).
Stability and Growth of Payments
Stable Dividend: WAA's dividends per share have been stable in the past 10 years.
Growing Dividend: WAA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are 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 management tenure
Mr. Mohamed Ramses Arroub is President of Board of Directors of Wafa Assurance SA and was its Managing Director. He serves as Chief Executive Officer of Wafa Assurance SA. He serves as a Director of Cosuma...
Experienced Management: WAA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: WAA's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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.
Wafa Assurance SA's employee growth, exchange listings and data sources
- Name: Wafa Assurance SA
- Ticker: WAA
- Exchange: CBSE
- Founded: 1972
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: د.م16.100b
- Shares outstanding: 3.50m
- Website: https://www.wafaassurance.ma
Number of Employees
- Wafa Assurance SA
- 1, bd Abdelmoumen
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.