We’ve recently updated our valuation analysis.

SONASID Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SID 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/Revenue0.3x
Enterprise Value/EBITDA4.1x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SID vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.5x
SMI Societe Metallurgique d'Imiter société anonyme
55.8xn/aد.م2.2b
CMT Compagnie Minière de Touissit
16.7x20.3%د.م2.9b
SNP Société Nationale d'Electrolyse et de Pétrochimie
8.5xn/aد.م1.2b
COL Colorado
21xn/aد.م696.3m
SID SONASID
19.1x21.7%د.م2.3b

Price-To-Earnings vs Peers: SID is good value based on its Price-To-Earnings Ratio (19.1x) compared to the peer average (25.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a1.3%
n/an/an/a

Price-To-Earnings vs Industry: SID is expensive based on its Price-To-Earnings Ratio (19.1x) compared to the African Metals and Mining industry average (7.9x)


Price to Earnings Ratio vs Fair Ratio

What is SID'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.

SID PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.1x
Fair PE Ratio17.2x

Price-To-Earnings vs Fair Ratio: SID is expensive based on its Price-To-Earnings Ratio (19.1x) compared to the estimated Fair Price-To-Earnings Ratio (17.2x).


Share Price vs Fair Value

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

Below Fair Value: SID (MAD480.1) is trading above our estimate of fair value (MAD342.67)

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


Analyst Price Targets

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

The above table shows the analyst SID forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.م590.00
د.م898.00
+52.2%
6.1%د.م953.00د.م843.00n/a2
Jan ’24د.م520.00
د.م895.50
+72.2%
6.4%د.م953.00د.م838.00n/a2
Dec ’23د.م570.00
د.م895.50
+57.1%
6.4%د.م953.00د.م838.00n/a2
Nov ’23د.م595.00
د.م895.50
+50.5%
6.4%د.م953.00د.م838.00n/a2
Oct ’23د.م650.00
د.م895.50
+37.8%
6.4%د.م953.00د.م838.00n/a2
Sep ’23د.م750.00
د.م921.00
+22.8%
3.5%د.م953.00د.م889.00n/a2
Aug ’23د.م732.50
د.م921.00
+25.7%
3.5%د.م953.00د.م889.00n/a2
Jul ’23د.م685.80
د.م889.00
+29.6%
0%د.م889.00د.م889.00n/a1
Jun ’23د.م838.90
د.م718.00
-14.4%
11.0%د.م797.00د.م639.00n/a2
May ’23د.م850.00
د.م718.00
-15.5%
11.0%د.م797.00د.م639.00n/a2
Apr ’23د.م749.00
د.م627.00
-16.3%
23.0%د.م797.00د.م445.00n/a3
Mar ’23د.م717.30
د.م627.00
-12.6%
23.0%د.م797.00د.م445.00n/a3
Feb ’23د.م730.00
د.م633.67
-13.2%
22.9%د.م797.00د.م445.00د.م590.003
Jan ’23د.م615.00
د.م633.67
+3.0%
22.9%د.م797.00د.م445.00د.م520.003
Dec ’22د.م611.00
د.م633.67
+3.7%
22.9%د.م797.00د.م445.00د.م570.003
Nov ’22د.م623.00
د.م600.00
-3.7%
18.4%د.م696.00د.م445.00د.م595.003
Oct ’22د.م532.00
د.م552.00
+3.8%
19.4%د.م659.00د.م445.00د.م650.002
Sep ’22د.م603.90
د.م659.00
+9.1%
0%د.م659.00د.م659.00د.م750.001
Aug ’22د.م580.00
د.م654.00
+12.8%
0%د.م654.00د.م654.00د.م732.501
Jul ’22د.م600.00
د.م318.00
-47.0%
0%د.م318.00د.م318.00د.م685.801
Jun ’22د.م497.20
د.م318.00
-36.0%
0%د.م318.00د.م318.00د.م838.901
May ’22د.م382.80
د.م250.00
-34.7%
27.2%د.م318.00د.م182.00د.م850.002
Apr ’22د.م358.00
د.م250.00
-30.2%
27.2%د.م318.00د.م182.00د.م749.002
Mar ’22د.م369.85
د.م248.00
-32.9%
26.6%د.م314.00د.م182.00د.م717.302
Feb ’22د.م379.55
د.م248.00
-34.7%
26.6%د.م314.00د.م182.00د.م730.002

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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