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Immorente InvestCBSE:IMO Stock Report

Market Cap







13 Oct, 2021


Company Financials
IMO fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance3/6
Financial Health4/6

IMO Overview

Immorente Invest S.A. invests in real estate assets for rental use in Morocco.

Price History & Performance

Summary of all time highs, changes and price drops for Immorente Invest
Historical stock prices
Current Share Priceد.م98.01
52 Week Highد.م87.51
52 Week Lowد.م98.88
1 Month Change0.99%
3 Month Change-0.50%
1 Year Change8.90%
3 Year Change2.09%
5 Year Changen/a
Change since IPO-2.96%

Recent News & Updates

Shareholder Returns

IMOMA Real EstateMA Market

Return vs Industry: IMO underperformed the MA Real Estate industry which returned 34.1% over the past year.

Return vs Market: IMO underperformed the MA Market which returned 26% over the past year.

Price Volatility

Is IMO's price volatile compared to industry and market?
IMO volatility
IMO Beta0.15
Industry Beta0.83
Market Beta1

Stable Share Price: IMO is less volatile than 75% of MA stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: IMO's weekly volatility (2%) has been stable over the past year.

About the Company


Immorente Invest S.A. invests in real estate assets for rental use in Morocco. Its asset portfolio includes offices, factories, logistics assets, and shops in Casablanca, Bouskoura, Rabat, and the Atlantic Free Zone of Kenitra. The company was founded in 2011 and is headquartered in Casablanca, Morocco.

Immorente Invest Fundamentals Summary

How do Immorente Invest's earnings and revenue compare to its market cap?
IMO fundamental statistics
Market Capد.م882.78m
Earnings (TTM)د.م4.20m
Revenue (TTM)د.م59.60m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IMO income statement (TTM)
Cost of Revenueد.م13.57m
Gross Profitد.م46.04m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date


Earnings per share (EPS)0.47
Gross Margin77.24%
Net Profit Margin7.05%
Debt/Equity Ratio1.7%

How did IMO perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Immorente Invest undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: IMO (MAD98.01) is trading above our estimate of fair value (MAD33.26)

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

Price To Earnings Ratio

PE vs Industry: IMO is poor value based on its PE Ratio (210.2x) compared to the African Real Estate industry average (15.3x).

PE vs Market: IMO is poor value based on its PE Ratio (210.2x) compared to the MA market (26.9x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IMO's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: IMO is overvalued based on its PB Ratio (1.1x) compared to the MA Real Estate industry average (0.4x).

Future Growth

How is Immorente Invest forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Real Estate 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 Immorente Invest 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 Immorente Invest performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IMO has a high level of non-cash earnings.

Growing Profit Margin: IMO's current net profit margins (7%) are higher than last year (6.2%).

Past Earnings Growth Analysis

Earnings Trend: IMO's earnings have grown significantly by 63.2% per year over the past 5 years.

Accelerating Growth: IMO's earnings growth over the past year (17.4%) is below its 5-year average (63.2% per year).

Earnings vs Industry: IMO earnings growth over the past year (17.4%) exceeded the Real Estate industry -0.5%.

Return on Equity

High ROE: IMO's Return on Equity (0.5%) is considered low.

Financial Health

How is Immorente Invest's financial position?

Financial Position Analysis

Short Term Liabilities: IMO's short term assets (MAD61.6M) exceed its short term liabilities (MAD60.5M).

Long Term Liabilities: IMO's short term assets (MAD61.6M) exceed its long term liabilities (MAD26.1M).

Debt to Equity History and Analysis

Debt Level: IMO's debt to equity ratio (1.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if IMO's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: IMO's debt is well covered by operating cash flow (56.2%).

Interest Coverage: IMO's interest payments on its debt are not well covered by EBIT (2x coverage).

Balance Sheet


What is Immorente Invest current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: IMO's dividend (7.35%) is higher than the bottom 25% of dividend payers in the MA market (2.25%).

High Dividend: IMO's dividend (7.35%) is in the top 25% of dividend payers in the MA market (4.89%)

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, IMO has been paying a dividend for less than 10 years.

Growing Dividend: IMO's dividend payments have increased, but the company has only paid a dividend for 3 years.

Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are 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


How experienced are the management team and are they aligned to shareholders interests?


Immorente Invest has no CEO, or we have no data on them.


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

Immorente Invest S.A.'s employee growth, exchange listings and data sources

Key Information

  • Name: Immorente Invest S.A.
  • Ticker: IMO
  • Exchange: CBSE
  • Founded: 2011
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: د.م882.776m
  • Shares outstanding: 9.01m
  • Website:


  • Immorente Invest S.A.
  • 5/7, rue Ibnou Toufail
  • Casablanca
  • 20100
  • Morocco


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/13 21:25
End of Day Share Price2021/10/13 00:00
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.