| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 2/6 |
MAB Overview
Société Maghrebine de Crédit-bail engages in the provision of various financial services in Morocco.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | د.م785.00 |
| 52 Week High | د.م755.00 |
| 52 Week Low | د.م889.00 |
| Beta | -0.057 |
| 1 Month Change | 1.55% |
| 3 Month Change | -2.36% |
| 1 Year Change | n/a |
| 3 Year Change | -7.65% |
| 5 Year Change | -9.77% |
| Change since IPO | 38.94% |
Recent News & Updates
Shareholder Returns
| MAB | MA Real Estate | MA Market | |
|---|---|---|---|
| 7D | 1.8% | 1.6% | 1.0% |
| 1Y | n/a | 32.9% | 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
| MAB volatility | |
|---|---|
| MAB Beta | -0.057 |
| Industry Beta | 0.82 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1972 | 106 | Azeddine Guessous | https://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
| MAB fundamental statistics | |
|---|---|
| Market Cap | د.م1.09b |
| Earnings (TTM) | د.م64.24m |
| Revenue (TTM) | د.م3.13b |
16.9x
P/E Ratio0.3x
P/S RatioIs MAB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MAB income statement (TTM) | |
|---|---|
| Revenue | د.م3.13b |
| Cost of Revenue | د.م2.93b |
| Gross Profit | د.م198.39m |
| Expenses | د.م134.15m |
| Earnings | د.م64.24m |
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
n/a
| Earnings per share (EPS) | 46.41 |
| Gross Margin | 6.35% |
| Net Profit Margin | 2.05% |
| Debt/Equity Ratio | 1,132.6% |
How did MAB perform over the long term?
See historical performance and comparisonDividends
3.8%
Current Dividend Yield65%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/19 16:30 |
| End of Day Share Price | 2021/10/14 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.