| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
MNG Overview
Managem S.A. engages in the exploration, extraction, upgrading, and marketing of minerals substances in Morocco, Europe, and internationally.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | د.م1,560.00 |
| 52 Week High | د.م990.00 |
| 52 Week Low | د.م1,604.00 |
| Beta | 1.11 |
| 1 Month Change | -0.51% |
| 3 Month Change | 4.35% |
| 1 Year Change | 46.62% |
| 3 Year Change | 35.65% |
| 5 Year Change | 101.29% |
| Change since IPO | 165.31% |
Recent News & Updates
Shareholder Returns
| MNG | MA Metals and Mining | MA Market | |
|---|---|---|---|
| 7D | 1.0% | 0.4% | 1.3% |
| 1Y | 46.6% | 34.9% | 26.6% |
Return vs Industry: MNG exceeded the MA Metals and Mining industry which returned 37.9% over the past year.
Return vs Market: MNG exceeded the MA Market which returned 26.4% over the past year.
Price Volatility
| MNG volatility | |
|---|---|
| MNG Beta | 1.11 |
| Industry Beta | 1.16 |
| Market Beta | 1 |
Stable Share Price: MNG is less volatile than 75% of MA stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: MNG's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1928 | 6,000 | Imad Toumi | https://www.managemgroup.com |
Managem S.A. engages in the exploration, extraction, upgrading, and marketing of minerals substances in Morocco, Europe, and internationally. The company operates in two segments, Mining and Hydrometallurgy. It explores for cobalt, silver, zinc, copper, cobalt oxide, zinc oxide, fluorite, gold, and lead deposits; and specialty chemicals, such as cobalt cathodes, cobalt oxide, nickel derivatives, copper sulphate, sodium sulphate, gold coal, and arsenic trioxide.
Managem Fundamentals Summary
| MNG fundamental statistics | |
|---|---|
| Market Cap | د.م15.59b |
| Earnings (TTM) | د.م311.30m |
| Revenue (TTM) | د.م5.36b |
50.1x
P/E Ratio2.9x
P/S RatioIs MNG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MNG income statement (TTM) | |
|---|---|
| Revenue | د.م5.36b |
| Cost of Revenue | د.م2.74b |
| Gross Profit | د.م2.62b |
| Expenses | د.م2.31b |
| Earnings | د.م311.30m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 31.16 |
| Gross Margin | 48.88% |
| Net Profit Margin | 5.81% |
| Debt/Equity Ratio | 122.7% |
How did MNG perform over the long term?
See historical performance and comparisonValuation
Is Managem undervalued compared to its fair value and its price relative to the market?
37.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MNG (MAD1560) is trading below our estimate of fair value (MAD2494.57)
Significantly Below Fair Value: MNG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MNG is poor value based on its PE Ratio (50.1x) compared to the African Metals and Mining industry average (6.8x).
PE vs Market: MNG is poor value based on its PE Ratio (50.1x) compared to the MA market (26.8x).
Price to Earnings Growth Ratio
PEG Ratio: MNG is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: MNG is overvalued based on its PB Ratio (3.1x) compared to the MA Metals and Mining industry average (2.1x).
Future Growth
How is Managem forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
23.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MNG's forecast earnings growth (23.2% per year) is above the savings rate (9.1%).
Earnings vs Market: MNG's earnings (23.2% per year) are forecast to grow faster than the MA market (13.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MNG's revenue (6.8% per year) is forecast to grow faster than the MA market (6.6% per year).
High Growth Revenue: MNG's revenue (6.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MNG's Return on Equity is forecast to be low in 3 years time (10.1%).
Past Performance
How has Managem performed over the past 5 years?
-32.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MNG has high quality earnings.
Growing Profit Margin: MNG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MNG's earnings have declined by 32% per year over the past 5 years.
Accelerating Growth: MNG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MNG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (212.9%).
Return on Equity
High ROE: MNG's Return on Equity (5.7%) is considered low.
Financial Health
How is Managem's financial position?
Financial Position Analysis
Short Term Liabilities: MNG's short term assets (MAD5.3B) do not cover its short term liabilities (MAD5.4B).
Long Term Liabilities: MNG's short term assets (MAD5.3B) exceed its long term liabilities (MAD4.5B).
Debt to Equity History and Analysis
Debt Level: MNG's debt to equity ratio (122.7%) is considered high.
Reducing Debt: MNG's debt to equity ratio has increased from 108.5% to 122.7% over the past 5 years.
Debt Coverage: MNG's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: MNG's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
Dividend
What is Managem current dividend yield, its reliability and sustainability?
0.85%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MNG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MNG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MNG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MNG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MNG is not paying a notable dividend for the MA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MNG's dividend in 3 years as they are not forecast to pay a notable one for the MA market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Imad Toumi (57 yo)
5.75yrs
Tenure
Mr. Imad Toumi has been Chief Executive Officer and Director of Managem, Société Anonyme (formerly known as Managem S.A.). since January 28, 2016 and has been its Chairman. He serves as the Chairman & CEO...
Leadership Team
Experienced Management: MNG's management team is considered experienced (3.3 years average tenure).
Board Members
Experienced Board: MNG's board of directors are seasoned and experienced ( 12.1 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
Managem S.A.'s employee growth, exchange listings and data sources
Key Information
- Name: Managem S.A.
- Ticker: MNG
- Exchange: CBSE
- Founded: 1928
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: د.م15.586b
- Shares outstanding: 9.99m
- Website: https://www.managemgroup.com
Number of Employees
Location
- Managem S.A.
- Twin Center
- Tour A
- Casablanca
- Morocco
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/18 21:41 |
| End of Day Share Price | 2021/10/18 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.