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SNP

Société Nationale d'Electrolyse et de PétrochimieCBSE:SNP Stock Report

Market Cap

د.م1.8b

7D

2.8%

1Y

97.7%

Updated

18 Oct, 2021

Data

Company Financials +
SNP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

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

Summary of all time highs, changes and price drops for Société Nationale d'Electrolyse et de Pétrochimie
Historical stock prices
Current Share Priceد.م790.50
52 Week Highد.م390.00
52 Week Lowد.م807.90
Beta0.92
1 Month Change14.57%
3 Month Change9.72%
1 Year Change97.65%
3 Year Change58.39%
5 Year Change759.24%
Change since IPO-52.47%

Recent News & Updates

Shareholder Returns

SNPMA ChemicalsMA Market
7D2.8%-1.2%1.0%
1Y97.7%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

Is SNP's price volatile compared to industry and market?
SNP volatility
SNP Beta0.92
Industry Beta1.92
Market Beta1

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

FoundedEmployeesCEOWebsite
1973393Rachid Mohammadihttps://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

How do Société Nationale d'Electrolyse et de Pétrochimie's earnings and revenue compare to its market cap?
SNP fundamental statistics
Market Capد.م1.80b
Earnings (TTM)د.م102.91m
Revenue (TTM)د.م1.03b

17.5x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SNP income statement (TTM)
Revenueد.م1.03b
Cost of Revenueد.م670.64m
Gross Profitد.م359.51m
Expensesد.م256.60m
Earningsد.م102.91m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)45.14
Gross Margin34.90%
Net Profit Margin9.99%
Debt/Equity Ratio72.0%

How did SNP perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

28%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:38
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.