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SID

SONASIDCBSE:SID Stock Report

Market Cap

د.م2.3b

7D

1.0%

1Y

205.2%

Updated

19 Oct, 2021

Data

Company Financials +
SID fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

SID Overview

SONASID S.A. produces and sells round-to-concrete and wire rods for the construction and industrial applications.

Price History & Performance

Summary of all time highs, changes and price drops for SONASID
Historical stock prices
Current Share Priceد.م601.30
52 Week Highد.م191.10
52 Week Lowد.م660.00
Beta1.05
1 Month Change2.51%
3 Month Change2.80%
1 Year Change205.23%
3 Year Change12.02%
5 Year Change107.38%
Change since IPO77.90%

Recent News & Updates

Shareholder Returns

SIDMA Metals and MiningMA Market
7D1.0%0.5%1.0%
1Y205.2%35.1%26.4%

Return vs Industry: SID exceeded the MA Metals and Mining industry which returned 34.9% over the past year.

Return vs Market: SID exceeded the MA Market which returned 26.6% over the past year.

Price Volatility

Is SID's price volatile compared to industry and market?
SID volatility
SID Beta1.05
Industry Beta1.16
Market Beta1

Stable Share Price: SID is more volatile than 75% of MA stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SID's weekly volatility (4%) has been stable over the past year, but is still higher than 75% of MA stocks.

About the Company

FoundedEmployeesCEOWebsite
1974631Ismail Akalayhttps://www.sonasid.ma

SONASID S.A. produces and sells round-to-concrete and wire rods for the construction and industrial applications. The company was founded in 1974 and is based in Casablanca, Morocco. SONASID S.A. is a subsidiary of Nouvelles Siderugies Industries.

SONASID Fundamentals Summary

How do SONASID's earnings and revenue compare to its market cap?
SID fundamental statistics
Market Capد.م2.35b
Earnings (TTM)د.م61.96m
Revenue (TTM)د.م3.99b

37.8x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SID income statement (TTM)
Revenueد.م3.99b
Cost of Revenueد.م3.45b
Gross Profitد.م538.27m
Expensesد.م476.31m
Earningsد.م61.96m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)15.89
Gross Margin13.49%
Net Profit Margin1.55%
Debt/Equity Ratio0%

How did SID perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

-97%

Payout Ratio

Valuation

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

37.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SID (MAD601.3) is trading above our estimate of fair value (MAD87.88)

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


Price To Earnings Ratio

PE vs Industry: SID is poor value based on its PE Ratio (37.8x) compared to the African Metals and Mining industry average (6.8x).

PE vs Market: SID is poor value based on its PE Ratio (37.8x) compared to the MA market (26.8x).


Price to Earnings Growth Ratio

PEG Ratio: SID is poor value based on its PEG Ratio (5x)


Price to Book Ratio

PB vs Industry: SID is good value based on its PB Ratio (1.3x) compared to the MA Metals and Mining industry average (2.1x).


Future Growth

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

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SID's forecast earnings growth (7.6% per year) is below the savings rate (9.1%).

Earnings vs Market: SID's earnings (7.6% per year) are forecast to grow slower than the MA market (13.1% per year).

High Growth Earnings: SID's earnings are forecast to grow, but not significantly.

Revenue vs Market: SID's revenue (1% per year) is forecast to grow slower than the MA market (6.7% per year).

High Growth Revenue: SID's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SID's Return on Equity is forecast to be low in 3 years time (5.7%).


Past Performance

How has SONASID performed over the past 5 years?

14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SID has high quality earnings.

Growing Profit Margin: SID became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SID has become profitable over the past 5 years, growing earnings by 14.3% per year.

Accelerating Growth: SID has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SID 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: SID's Return on Equity (3.4%) is considered low.


Financial Health

How is SONASID's financial position?


Financial Position Analysis

Short Term Liabilities: SID's short term assets (MAD2.8B) exceed its short term liabilities (MAD1.9B).

Long Term Liabilities: SID's short term assets (MAD2.8B) exceed its long term liabilities (MAD553.3M).


Debt to Equity History and Analysis

Debt Level: SID is debt free.

Reducing Debt: SID currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: SID has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SID has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is SONASID current dividend yield, its reliability and sustainability?

1.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SID's dividend (1.16%) isn’t notable compared to the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: SID's dividend (1.16%) is low compared to the top 25% of dividend payers in the MA market (4.86%).


Stability and Growth of Payments

Stable Dividend: SID is not paying a notable dividend for the MA market, therefore no need to check if payments are stable.

Growing Dividend: SID is not paying a notable dividend for the MA market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: SID is not paying a notable dividend for the MA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SID'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?

0.8yrs

Average management tenure


CEO

Ismail Akalay

0.75

Tenure

Mr. Ismail Akalay serves as Chief Executive Officer at SONASID S.A. since 2021. Mr. Akalay serves as General Manager of Mining and Industrial Activities - Morocco at Managem S.A. He served as General Direc...


Leadership Team

Experienced Management: SID's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: SID's board of directors are not considered experienced ( 0.8 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

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


Key Information

  • Name: SONASID S.A.
  • Ticker: SID
  • Exchange: CBSE
  • Founded: 1974
  • Industry: Steel
  • Sector: Materials
  • Market Cap: د.م2.345b
  • Shares outstanding: 3.90m
  • Website: https://www.sonasid.ma

Number of Employees


Location

  • SONASID S.A.
  • Twin Center
  • 18th Floor
  • Casablanca
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 16:30
End of Day Share Price2021/10/18 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.