Société Maghrébine de Crédit-bail

CBSE:MAB Stock Report

Market Cap: د.م1.3b

Société Maghrébine de Crédit-bail Valuation

Is MAB 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 MAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MAB (MAD928) is trading above our estimate of fair value (MAD260.29)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MAB. This is calculated by dividing MAB's market cap by their current earnings.
What is MAB's PE Ratio?
PE Ratio10.1x
Earningsد.م127.81m
Market Capد.م1.28b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52x
ARD Aradei Capital
22.3xn/aد.م6.1b
BAL Société Immobilière Balima
30.2xn/aد.م375.8m
ADI Alliances Developpement Immobilier
32.7x30.9%د.م9.7b
ULDC Union Land Development
122.7xn/aد.أ90.9m
MAB Société Maghrébine de Crédit-bail
10.1xn/aد.م1.3b

Price-To-Earnings vs Peers: MAB is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (28.4x).


Price to Earnings Ratio vs Industry

How does MAB's PE Ratio compare vs other companies in the African Real Estate Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MAB 10.1xIndustry Avg. 10.0xNo. of Companies8PE0816243240+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MAB is expensive based on its Price-To-Earnings Ratio (10.1x) compared to the African Real Estate industry average (10x).


Price to Earnings Ratio vs Fair Ratio

What is MAB'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.

MAB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MAB's Price-To-Earnings Fair Ratio for valuation analysis.


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.


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