| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
SNP Overview
Société Nationale d'Electrolyse et de Pétrochimie S.A., an electrolysis and petrochemical company, produces and sells vinyl and electrolysis products.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | د.م790.50 |
| 52 Week High | د.م390.00 |
| 52 Week Low | د.م807.90 |
| Beta | 0.92 |
| 1 Month Change | 14.57% |
| 3 Month Change | 9.72% |
| 1 Year Change | 97.65% |
| 3 Year Change | 58.39% |
| 5 Year Change | 759.24% |
| Change since IPO | -52.47% |
Recent News & Updates
Shareholder Returns
| SNP | MA Chemicals | MA Market | |
|---|---|---|---|
| 7D | 2.8% | -1.2% | 1.0% |
| 1Y | 97.7% | 92.3% | 26.4% |
Return vs Industry: SNP exceeded the MA Chemicals industry which returned 92.3% over the past year.
Return vs Market: SNP exceeded the MA Market which returned 26.4% over the past year.
Price Volatility
| SNP volatility | |
|---|---|
| SNP Beta | 0.92 |
| Industry Beta | 1.92 |
| Market Beta | 1 |
Stable Share Price: SNP is more volatile than 75% of MA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SNP's weekly volatility (4%) has been stable over the past year, but is still higher than 75% of MA stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1973 | 393 | Rachid Mohammadi | https://www.snep.ma |
Société Nationale d'Electrolyse et de Pétrochimie S.A., an electrolysis and petrochemical company, produces and sells vinyl and electrolysis products. The company offers polyvinyl chloride (PVC) resins used in sanitation and drinking water supply tubes, evacuation and pressure pipes, fittings, window seals, domestic cables, various rigid profiles, footwear, aprons, diapers, household textiles, garden hoses, drainage hoses, irrigation products, fittings and valves, rigid expanded plates for various furniture applications, corrugated tubes, rigid and flexible films, cosmetic bottles, food and technical packaging products, boots, sandals, soles, telephone and automotive cables, and various injected articles; and PVC compounds, such as rigid and plastic compounds for extrusion and injection applications. It also offers electrolysis products, which include chlorine used in the primarily production of PVC; sodium hydroxide used in food processing, detergents, mining, acid neutralization, textiles, pulp production, and other industries; sodium hypochlorite used to disinfect water, purification and disinfection of the house, and prevent the growth of algae and organisms in cooling towers; hydrochloric acid used in the chemical pickling of steel, the acidification of oil wells, the production of calcium chloride, and the processing of ore.
Société Nationale d'Electrolyse et de Pétrochimie Fundamentals Summary
| SNP fundamental statistics | |
|---|---|
| Market Cap | د.م1.80b |
| Earnings (TTM) | د.م102.91m |
| Revenue (TTM) | د.م1.03b |
17.5x
P/E Ratio1.7x
P/S RatioIs SNP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SNP income statement (TTM) | |
|---|---|
| Revenue | د.م1.03b |
| Cost of Revenue | د.م670.64m |
| Gross Profit | د.م359.51m |
| Expenses | د.م256.60m |
| Earnings | د.م102.91m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 45.14 |
| Gross Margin | 34.90% |
| Net Profit Margin | 9.99% |
| Debt/Equity Ratio | 72.0% |
How did SNP perform over the long term?
See historical performance and comparisonDividends
1.9%
Current Dividend Yield28%
Payout RatioValuation
Is Société Nationale d'Electrolyse et de Pétrochimie 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: SNP (MAD790.5) is trading below our estimate of fair value (MAD3736.04)
Significantly Below Fair Value: SNP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SNP is poor value based on its PE Ratio (17.5x) compared to the African Chemicals industry average (12.4x).
PE vs Market: SNP is good value based on its PE Ratio (17.5x) compared to the MA market (26.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SNP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SNP is overvalued based on its PB Ratio (2.6x) compared to the XF Chemicals industry average (1.4x).
Future Growth
How is Société Nationale d'Electrolyse et de Pétrochimie forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
17.3%
Forecasted Materials 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 Société Nationale d'Electrolyse et de Pétrochimie 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 Société Nationale d'Electrolyse et de Pétrochimie performed over the past 5 years?
15.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SNP has high quality earnings.
Growing Profit Margin: SNP's current net profit margins (10%) are higher than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: SNP has become profitable over the past 5 years, growing earnings by 15.7% per year.
Accelerating Growth: SNP's earnings growth over the past year (80.1%) exceeds its 5-year average (15.7% per year).
Earnings vs Industry: SNP earnings growth over the past year (80.1%) exceeded the Chemicals industry 27%.
Return on Equity
High ROE: SNP's Return on Equity (15.1%) is considered low.
Financial Health
How is Société Nationale d'Electrolyse et de Pétrochimie's financial position?
Financial Position Analysis
Short Term Liabilities: SNP's short term assets (MAD812.2M) exceed its short term liabilities (MAD581.0M).
Long Term Liabilities: SNP's short term assets (MAD812.2M) exceed its long term liabilities (MAD294.0M).
Debt to Equity History and Analysis
Debt Level: SNP's debt to equity ratio (72%) is considered high.
Reducing Debt: SNP's debt to equity ratio has reduced from 99.8% to 72% over the past 5 years.
Debt Coverage: SNP's debt is well covered by operating cash flow (54%).
Interest Coverage: SNP's interest payments on its debt are well covered by EBIT (33x coverage).
Balance Sheet
Dividend
What is Société Nationale d'Electrolyse et de Pétrochimie current dividend yield, its reliability and sustainability?
1.90%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SNP's dividend (1.9%) isn’t notable compared to the bottom 25% of dividend payers in the MA market (2.22%).
High Dividend: SNP's dividend (1.9%) is low compared to the top 25% of dividend payers in the MA market (4.85%).
Stability and Growth of Payments
Stable Dividend: SNP's dividends per share have been stable in the past 10 years.
Growing Dividend: SNP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28%), SNP's dividend payments are well 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?
CEO
Rachid Mohammadi
no data
Tenure
Mr. Rachid Mohammadi serves as Chief Executive Officer and Director of Société Nationale d'Electrolyse et de Pétrochimie S.A.
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
Société Nationale d'Electrolyse et de Pétrochimie S.A.'s employee growth, exchange listings and data sources
Key Information
- Name: Société Nationale d'Electrolyse et de Pétrochimie S.A.
- Ticker: SNP
- Exchange: CBSE
- Founded: 1973
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: د.م1.802b
- Shares outstanding: 2.28m
- Website: https://www.snep.ma
Number of Employees
Location
- Société Nationale d'Electrolyse et de Pétrochimie S.A.
- 223, Bd Mohammed V
- Casablanca
- Morocco
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/18 21:38 |
| 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.