company background image
MAB

Société Maghrebine de Crédit-bailCBSE:MAB Stock Report

Market Cap

د.م1.1b

7D

1.8%

1Y

n/a

Updated

19 Oct, 2021

Data

Company Financials
MAB fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends2/6

MAB Overview

Société Maghrebine de Crédit-bail engages in the provision of various financial services in Morocco.

Price History & Performance

Summary of all time highs, changes and price drops for Société Maghrebine de Crédit-bail
Historical stock prices
Current Share Priceد.م785.00
52 Week Highد.م755.00
52 Week Lowد.م889.00
Beta-0.057
1 Month Change1.55%
3 Month Change-2.36%
1 Year Changen/a
3 Year Change-7.65%
5 Year Change-9.77%
Change since IPO38.94%

Recent News & Updates

Shareholder Returns

MABMA Real EstateMA Market
7D1.8%1.6%1.0%
1Yn/a32.9%26.4%

Return vs Industry: Insufficient data to determine how MAB performed against the MA Real Estate industry.

Return vs Market: Insufficient data to determine how MAB performed against the MA Market.

Price Volatility

Is MAB's price volatile compared to industry and market?
MAB volatility
MAB Beta-0.057
Industry Beta0.82
Market Beta1

Stable Share Price: Insufficient data to determine MAB's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine MAB's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1972106Azeddine Guessoushttps://www.maghrebail.ma

Société Maghrebine de Crédit-bail engages in the provision of various financial services in Morocco. The company offers equipment leasing; and property leasing services. It serves professionals, traders, SMEs, companies, and multinational groups.

Société Maghrebine de Crédit-bail Fundamentals Summary

How do Société Maghrebine de Crédit-bail's earnings and revenue compare to its market cap?
MAB fundamental statistics
Market Capد.م1.09b
Earnings (TTM)د.م64.24m
Revenue (TTM)د.م3.13b

16.9x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAB income statement (TTM)
Revenueد.م3.13b
Cost of Revenueد.م2.93b
Gross Profitد.م198.39m
Expensesد.م134.15m
Earningsد.م64.24m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)46.41
Gross Margin6.35%
Net Profit Margin2.05%
Debt/Equity Ratio1,132.6%

How did MAB perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

65%

Payout Ratio

Valuation

Is Société Maghrebine de Crédit-bail undervalued compared to its fair value and its price relative to the market?

16.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MAB (MAD785) is trading above our estimate of fair value (MAD316.38)

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


Price To Earnings Ratio

PE vs Industry: MAB is poor value based on its PE Ratio (16.9x) compared to the African Real Estate industry average (15.3x).

PE vs Market: MAB is good value based on its PE Ratio (16.9x) compared to the MA market (26.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MAB is overvalued based on its PB Ratio (1.2x) compared to the MA Real Estate industry average (0.5x).


Future Growth

How is Société Maghrebine de Crédit-bail forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.8%

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 Société Maghrebine de Crédit-bail 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 Maghrebine de Crédit-bail performed over the past 5 years?

1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAB has high quality earnings.

Growing Profit Margin: MAB's current net profit margins (2.1%) are lower than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: MAB's earnings have grown by 1.6% per year over the past 5 years.

Accelerating Growth: MAB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MAB had negative earnings growth (-39.6%) over the past year, making it difficult to compare to the Real Estate industry average (-1.9%).


Return on Equity

High ROE: MAB's Return on Equity (7%) is considered low.


Financial Health

How is Société Maghrebine de Crédit-bail's financial position?


Financial Position Analysis

Short Term Liabilities: MAB's short term assets (MAD128.2M) do not cover its short term liabilities (MAD1.1B).

Long Term Liabilities: MAB's short term assets (MAD128.2M) do not cover its long term liabilities (MAD10.0B).


Debt to Equity History and Analysis

Debt Level: MAB's debt to equity ratio (1132.6%) is considered high.

Reducing Debt: MAB's debt to equity ratio has reduced from 1139.3% to 1132.6% over the past 5 years.

Debt Coverage: Insufficient data to determine if MAB's debt is well covered by operating cash flow.

Interest Coverage: Insufficient data to determine if MAB's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Société Maghrebine de Crédit-bail current dividend yield, its reliability and sustainability?

3.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MAB's dividend (3.82%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: MAB's dividend (3.82%) is low compared to the top 25% of dividend payers in the MA market (4.86%).


Stability and Growth of Payments

Stable Dividend: MAB's dividend payments have been volatile in the past 10 years.

Growing Dividend: MAB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (64.6%), MAB's 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

Management

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


CEO

Azeddine Guessous (80 yo)

no data

Tenure

Mr. Azeddine Guessous is Counselor of BMCE Bank International, S.A.U. Mr. Azeddine served as Chairman and Chief Executive Officer of Maghrebail, a subsidiary of Banque Marocaine du Commerce Exterieur 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 Maghrebine de Crédit-bail's employee growth, exchange listings and data sources


Key Information

  • Name: Société Maghrebine de Crédit-bail
  • Ticker: MAB
  • Exchange: CBSE
  • Founded: 1972
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: د.م1.087b
  • Shares outstanding: 1.38m
  • Website: https://www.maghrebail.ma

Number of Employees


Location

  • Société Maghrebine de Crédit-bail
  • Boulevard Moulay Youssef
  • Casablanca
  • 20070
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 16:30
End of Day Share Price2021/10/14 00:00
Earnings2020/12/31
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.