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ATH

Auto HallCBSE:ATH Stock Report

Market Cap

د.م5.3b

7D

1.4%

1Y

59.9%

Updated

19 Oct, 2021

Data

Company Financials +
ATH fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends2/6

ATH Overview

Auto Hall S.A. markets and distributes rolling stock in Morocco.

Price History & Performance

Summary of all time highs, changes and price drops for Auto Hall
Historical stock prices
Current Share Priceد.م105.50
52 Week Highد.م64.00
52 Week Lowد.م107.00
Beta0.27
1 Month Change5.50%
3 Month Change18.67%
1 Year Change59.87%
3 Year Change31.87%
5 Year Change-0.47%
Change since IPO115.31%

Recent News & Updates

Shareholder Returns

ATHMA Retail DistributorsMA Market
7D1.4%2.2%1.0%
1Y59.9%44.2%26.4%

Return vs Industry: ATH exceeded the MA Retail Distributors industry which returned 46.4% over the past year.

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

Price Volatility

Is ATH's price volatile compared to industry and market?
ATH volatility
ATH Beta0.27
Industry Beta1
Market Beta1

Stable Share Price: ATH is not significantly more volatile than the rest of MA stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ATH's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19071,408Abdellatif Guerraouihttps://www.autohall.ma

Auto Hall S.A. markets and distributes rolling stock in Morocco. The company markets and distributes various branded products, including Fuso, Ford, Mitsubishi Motors, Fiat, New Holland, Case, and Cummins. It offers industrial vehicles, trucks, buses, agricultural machinery, and light vehicles, as well as industrial equipment, sites, and mines.

Auto Hall Fundamentals Summary

How do Auto Hall's earnings and revenue compare to its market cap?
ATH fundamental statistics
Market Capد.م5.31b
Earnings (TTM)د.م144.27m
Revenue (TTM)د.م3.95b

36.8x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATH income statement (TTM)
Revenueد.م3.95b
Cost of Revenueد.م3.24b
Gross Profitد.م711.96m
Expensesد.م567.68m
Earningsد.م144.27m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)2.87
Gross Margin18.03%
Net Profit Margin3.65%
Debt/Equity Ratio0.0%

How did ATH perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

122%

Payout Ratio

Valuation

Is Auto Hall undervalued compared to its fair value and its price relative to the market?

36.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ATH (MAD105.5) is trading above our estimate of fair value (MAD25.43)

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


Price To Earnings Ratio

PE vs Industry: ATH is poor value based on its PE Ratio (36.8x) compared to the African Retail Distributors industry average (20.2x).

PE vs Market: ATH is poor value based on its PE Ratio (36.8x) compared to the MA market (26.8x).


Price to Earnings Growth Ratio

PEG Ratio: ATH is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: ATH is good value based on its PB Ratio (3.1x) compared to the XF Retail Distributors industry average (3.6x).


Future Growth

How is Auto Hall forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

16.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATH's forecast earnings growth (16.7% per year) is above the savings rate (9.1%).

Earnings vs Market: ATH's earnings (16.7% per year) are forecast to grow faster than the MA market (13.1% per year).

High Growth Earnings: ATH's earnings are forecast to grow, but not significantly.

Revenue vs Market: ATH's revenue (12.4% per year) is forecast to grow faster than the MA market (6.7% per year).

High Growth Revenue: ATH's revenue (12.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ATH's Return on Equity is forecast to be low in 3 years time (15.9%).


Past Performance

How has Auto Hall performed over the past 5 years?

-14.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATH has high quality earnings.

Growing Profit Margin: ATH's current net profit margins (3.7%) are higher than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: ATH's earnings have declined by 14.1% per year over the past 5 years.

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

Earnings vs Industry: ATH had negative earnings growth (-8.7%) over the past year, making it difficult to compare to the Retail Distributors industry average (-7.8%).


Return on Equity

High ROE: ATH's Return on Equity (8.5%) is considered low.


Financial Health

How is Auto Hall's financial position?


Financial Position Analysis

Short Term Liabilities: ATH's short term assets (MAD2.4B) exceed its short term liabilities (MAD2.0B).

Long Term Liabilities: ATH's short term assets (MAD2.4B) exceed its long term liabilities (MAD458.2M).


Debt to Equity History and Analysis

Debt Level: ATH is debt free.

Reducing Debt: ATH has no debt compared to 5 years ago when its debt to equity ratio was 44.8%.

Debt Coverage: ATH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ATH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Auto Hall current dividend yield, its reliability and sustainability?

3.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ATH's dividend (3.32%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: ATH's dividend (3.32%) is low compared to the top 25% of dividend payers in the MA market (4.86%).


Stability and Growth of Payments

Stable Dividend: ATH's dividends per share have been stable in the past 10 years.

Growing Dividend: ATH's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (122%), ATH's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ATH's dividends in 3 years are not forecast to be well covered by earnings (100% payout ratio).


Next Steps

Management

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

19.8yrs

Average board tenure


CEO

Abdellatif Guerraoui

no data

Tenure

Mr. Abdellatif Guerraoui serves as Chairman, Chief Executive Officer and Managing Director of Auto Hall SA and serves its Director since 1998 and President since 2004.


Board Members

Experienced Board: ATH's board of directors are seasoned and experienced ( 19.8 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

Auto Hall S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Auto Hall S.A.
  • Ticker: ATH
  • Exchange: CBSE
  • Founded: 1907
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: د.م5.306b
  • Shares outstanding: 50.29m
  • Website: https://www.autohall.ma

Number of Employees


Location

  • Auto Hall S.A.
  • 64, avenue Lalla Yacout
  • Casablanca
  • 20000
  • 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 Price2021/10/18 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.