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WAA

Wafa AssuranceCBSE:WAA Stock Report

Market Cap

د.م16.1b

7D

2.8%

1Y

36.3%

Updated

17 Oct, 2021

Data

Company Financials
WAA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends2/6

WAA Overview

Wafa Assurance SA provides insurance products to individuals and companies in Morocco.

Price History & Performance

Summary of all time highs, changes and price drops for Wafa Assurance
Historical stock prices
Current Share Priceد.م4,600.00
52 Week Highد.م3,355.00
52 Week Lowد.م4,600.00
Beta0.32
1 Month Change7.60%
3 Month Change7.86%
1 Year Change36.30%
3 Year Change12.47%
5 Year Change24.49%
Change since IPO489.74%

Recent News & Updates

Shareholder Returns

WAAMA InsuranceMA Market
7D2.8%2.4%1.0%
1Y36.3%26.8%26.4%

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.

Price Volatility

Is WAA's price volatile compared to industry and market?
WAA volatility
WAA Beta0.32
Industry Beta0.81
Market Beta1

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

FoundedEmployeesCEOWebsite
1972663Mohamed Arroubhttps://www.wafaassurance.ma

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

How do Wafa Assurance's earnings and revenue compare to its market cap?
WAA fundamental statistics
Market Capد.م16.10b
Earnings (TTM)د.م958.30m
Revenue (TTM)د.م10.11b

16.8x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WAA income statement (TTM)
Revenueد.م10.11b
Cost of Revenueد.م8.12b
Gross Profitد.م1.99b
Expensesد.م1.03b
Earningsد.م958.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)273.80
Gross Margin19.67%
Net Profit Margin9.48%
Debt/Equity Ratio0.07%

How did WAA perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

n/a

Payout Ratio

Valuation

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

>50%

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).


Future Growth

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

27.1%

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.


Past Performance

How has Wafa Assurance performed over the past 5 years?

-13.6%

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.


Financial Health

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).


Balance Sheet


Dividend

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

2.17%

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.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Mohamed Arroub

no data

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...


Leadership Team

Experienced Management: WAA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: WAA's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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

Wafa Assurance SA's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Wafa Assurance SA
  • 1, bd Abdelmoumen
  • Casablanca
  • 20100
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 16:30
End of Day Share Price2021/10/15 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.