Managem Valuation

Q: What is the Fair Price of MNG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MNG (MAD2880) is trading above our estimate of [[fair value]] (MAD209.29)

Is MNG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MNG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MNG (MAD2880) is trading above our estimate of fair value (MAD209.29)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MNG?

Key metric: As MNG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MNG. This is calculated by dividing MNG's market cap by their current earnings.
What is MNG's PE Ratio?
PE Ratio	73x
Earnings	د.م468.16m
Market Cap	د.م34.17b

MNG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	5.5x
Enterprise Value/EBITDA	20.8x
PEG Ratio	1.5x

Price to Earnings Ratio vs Peers

How does MNG's PE Ratio compare to its peers?

The above table shows the PE ratio for MNG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	33.5x
CMT Compagnie Minière de Touissit	16.3x	n/a	د.م2.6b
CMA Ciments du Maroc Société Anonyme	29.7x	6.7%	د.م28.7b
LHM LafargeHolcim Maroc	31.5x	8.9%	د.م46.6b
SID SONASID	56.4x	18.7%	د.م3.7b
MNG Managem	73x	50.0%	د.م34.2b

Price-To-Earnings vs Peers: MNG is expensive based on its Price-To-Earnings Ratio (73x) compared to the peer average (33.9x).

Price to Earnings Ratio vs Industry

How does MNG's PE Ratio compare vs other companies in the African Metals and Mining Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MNG is expensive based on its Price-To-Earnings Ratio (73x) compared to the African Metals and Mining industry average (12.3x).

Price to Earnings Ratio vs Fair Ratio

What is MNG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MNG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	73x
Fair PE Ratio	75.5x

Price-To-Earnings vs Fair Ratio: MNG is good value based on its Price-To-Earnings Ratio (73x) compared to the estimated Fair Price-To-Earnings Ratio (75.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.