Alliances Developpement Immobilier S.A. engages in the real estate development activities in Morocco.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.م42.00|
|52 Week High||د.م29.25|
|52 Week Low||د.م48.20|
|1 Month Change||-3.36%|
|3 Month Change||1.62%|
|1 Year Change||31.25%|
|3 Year Change||-56.48%|
|5 Year Change||-52.70%|
|Change since IPO||-96.60%|
Recent News & Updates
|ADI||MA Real Estate||MA Market|
Return vs Industry: ADI underperformed the MA Real Estate industry which returned 34.9% over the past year.
Return vs Market: ADI exceeded the MA Market which returned 26.6% over the past year.
Stable Share Price: ADI is more volatile than 75% of MA stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ADI's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of MA stocks.
About the Company
|1994||263||Mohamed Alami Lazraq||https://www.alliances.co.ma|
Alliances Developpement Immobilier S.A. engages in the real estate development activities in Morocco. The company develops social and medium housing projects, residential properties, and golf resorts. It also provides real estate services.
Alliances Developpement Immobilier Fundamentals Summary
|ADI fundamental statistics|
Is ADI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ADI income statement (TTM)|
|Cost of Revenue||د.م821.68m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-18.30|
|Net Profit Margin||-30.14%|
How did ADI perform over the long term?See historical performance and comparison
Is Alliances Developpement Immobilier undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: ADI (MAD42) is trading above our estimate of fair value (MAD21.09)
Significantly Below Fair Value: ADI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ADI is unprofitable, so we can't compare its PE Ratio to the African Real Estate industry average.
PE vs Market: ADI is unprofitable, so we can't compare its PE Ratio to the MA market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ADI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ADI is good value based on its PB Ratio (0.3x) compared to the MA Real Estate industry average (0.5x).
How is Alliances Developpement Immobilier forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ADI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (9.1%).
Earnings vs Market: ADI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ADI's is expected to become profitable in the next 3 years.
Revenue vs Market: ADI's revenue (31.6% per year) is forecast to grow faster than the MA market (6.7% per year).
High Growth Revenue: ADI's revenue (31.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ADI's Return on Equity is forecast to be low in 3 years time (7.5%).
How has Alliances Developpement Immobilier performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ADI is currently unprofitable.
Growing Profit Margin: ADI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ADI is unprofitable, but has reduced losses over the past 5 years at a rate of 4.6% per year.
Accelerating Growth: Unable to compare ADI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ADI is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-1.9%).
Return on Equity
High ROE: ADI has a negative Return on Equity (-10.79%), as it is currently unprofitable.
How is Alliances Developpement Immobilier's financial position?
Financial Position Analysis
Short Term Liabilities: ADI's short term assets (MAD11.7B) exceed its short term liabilities (MAD6.3B).
Long Term Liabilities: ADI's short term assets (MAD11.7B) exceed its long term liabilities (MAD3.2B).
Debt to Equity History and Analysis
Debt Level: ADI's debt to equity ratio (78.3%) is considered high.
Reducing Debt: ADI's debt to equity ratio has reduced from 433.4% to 78.3% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ADI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ADI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 49% per year.
What is Alliances Developpement Immobilier current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ADI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ADI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ADI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ADI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ADI is not paying a notable dividend for the MA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ADI's dividend in 3 years as they are not forecast to pay a notable one for the MA market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mohamed Alami Lazraq
Mr. Mohamed Alami Nafakh Lazraq serves as the Chairman and President at Alliances Developpement Immobilier SA and serves as its Chief Executive Officer.
Experienced Management: ADI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Alliances Developpement Immobilier S.A.'s employee growth, exchange listings and data sources
- Name: Alliances Developpement Immobilier S.A.
- Ticker: ADI
- Exchange: CBSE
- Founded: 1994
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: د.م927.301m
- Shares outstanding: 22.08m
- Website: https://www.alliances.co.ma
Number of Employees
- Alliances Developpement Immobilier S.A.
- 16, Rue Ali Abderrezak Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 16:30|
|End of Day Share Price||2021/10/18 00:00|
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.