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RDS

Résidences Dar SaadaCBSE:RDS Stock Report

Market Cap

د.م846.3m

7D

0.3%

1Y

42.2%

Updated

20 Oct, 2021

Data

Company Financials +
RDS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health2/6
Dividends0/6

RDS Overview

Résidences Dar Saada S.A engages in the real estate development business in the Kingdom of Morocco.

Price History & Performance

Summary of all time highs, changes and price drops for Résidences Dar Saada
Historical stock prices
Current Share Priceد.م32.29
52 Week Highد.م22.20
52 Week Lowد.م38.97
Beta0.41
1 Month Change-4.44%
3 Month Change-5.03%
1 Year Change42.25%
3 Year Change-66.71%
5 Year Change-80.49%
Change since IPO-84.02%

Recent News & Updates

Shareholder Returns

RDSMA Real EstateMA Market
7D0.3%1.6%1.0%
1Y42.2%32.9%26.4%

Return vs Industry: RDS exceeded the MA Real Estate industry which returned 34.9% over the past year.

Return vs Market: RDS exceeded the MA Market which returned 26.6% over the past year.

Price Volatility

Is RDS's price volatile compared to industry and market?
RDS volatility
RDS Beta0.41
Industry Beta0.82
Market Beta1

Stable Share Price: RDS is more volatile than 75% of MA stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: RDS's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of MA stocks.

About the Company

FoundedEmployeesCEOWebsite
2001n/an/ahttps://www.espacessaada.com

Résidences Dar Saada S.A engages in the real estate development business in the Kingdom of Morocco. Its projects include apartments, villas, land, shops, and duplexes. The company was incorporated in 2001 and is based in Casablanca, the Kingdom of Morocco.

Résidences Dar Saada Fundamentals Summary

How do Résidences Dar Saada's earnings and revenue compare to its market cap?
RDS fundamental statistics
Market Capد.م846.28m
Earnings (TTM)-د.م135.23m
Revenue (TTM)د.م618.17m

1.4x

P/S Ratio

-6.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RDS income statement (TTM)
Revenueد.م618.17m
Cost of Revenueد.م206.00m
Gross Profitد.م412.17m
Expensesد.م547.40m
Earnings-د.م135.23m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-5.16
Gross Margin66.68%
Net Profit Margin-21.88%
Debt/Equity Ratio75.7%

How did RDS perform over the long term?

See historical performance and comparison

Valuation

Is Résidences Dar Saada undervalued compared to its fair value and its price relative to the market?

2.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RDS (MAD32.29) is trading below our estimate of fair value (MAD33.12)

Significantly Below Fair Value: RDS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: RDS is unprofitable, so we can't compare its PE Ratio to the African Real Estate industry average.

PE vs Market: RDS 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 RDS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RDS is good value based on its PB Ratio (0.2x) compared to the MA Real Estate industry average (0.5x).


Future Growth

How is Résidences Dar Saada forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

60.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RDS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (9.1%).

Earnings vs Market: RDS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: RDS's is expected to become profitable in the next 3 years.

Revenue vs Market: RDS's revenue (28.2% per year) is forecast to grow faster than the MA market (6.7% per year).

High Growth Revenue: RDS's revenue (28.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RDS's Return on Equity is forecast to be low in 3 years time (7.5%).


Past Performance

How has Résidences Dar Saada performed over the past 5 years?

-23.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RDS is currently unprofitable.

Growing Profit Margin: RDS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RDS is unprofitable, and losses have increased over the past 5 years at a rate of 23.7% per year.

Accelerating Growth: Unable to compare RDS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RDS is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-1.9%).


Return on Equity

High ROE: RDS has a negative Return on Equity (-3.18%), as it is currently unprofitable.


Financial Health

How is Résidences Dar Saada's financial position?


Financial Position Analysis

Short Term Liabilities: RDS's short term assets (MAD8.5B) exceed its short term liabilities (MAD2.1B).

Long Term Liabilities: RDS's short term assets (MAD8.5B) exceed its long term liabilities (MAD2.2B).


Debt to Equity History and Analysis

Debt Level: RDS's debt to equity ratio (75.7%) is considered high.

Reducing Debt: RDS's debt to equity ratio has increased from 70.2% to 75.7% over the past 5 years.

Debt Coverage: RDS's debt is not well covered by operating cash flow (4.2%).

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


Balance Sheet


Dividend

What is Résidences Dar Saada current dividend yield, its reliability and sustainability?

13.42%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RDS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RDS'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 RDS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RDS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RDS is not paying a notable dividend for the MA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RDS's dividend in 3 years as they are not forecast to pay a notable one for the MA market.


Next Steps

Management

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

10.6yrs

Average board tenure


CEO

Résidences Dar Saada has no CEO, or we have no data on them.


Board Members

Experienced Board: RDS's board of directors are seasoned and experienced ( 10.6 years average tenure).


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

Résidences Dar Saada S.A's employee growth, exchange listings and data sources


Key Information

  • Name: Résidences Dar Saada S.A
  • Ticker: RDS
  • Exchange: CBSE
  • Founded: 2001
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: د.م846.284m
  • Shares outstanding: 26.21m
  • Website: https://www.espacessaada.com

Number of Employees


Location

  • Résidences Dar Saada S.A
  • Crystal Tower 3
  • 6th, 7th and 8th floor
  • Casablanca
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 16:31
End of Day Share Price2021/10/18 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.