Total Maroc S.A. operates petroleum products service stations in Morocco.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.م1,800.00|
|52 Week High||د.م903.00|
|52 Week Low||د.م1,800.00|
|1 Month Change||15.76%|
|3 Month Change||21.62%|
|1 Year Change||98.87%|
|3 Year Change||63.64%|
|5 Year Change||71.43%|
|Change since IPO||223.74%|
Recent News & Updates
|TMA||MA Specialty Retail||MA Market|
Return vs Industry: TMA exceeded the MA Specialty Retail industry which returned 73.2% over the past year.
Return vs Market: TMA exceeded the MA Market which returned 24.4% over the past year.
Stable Share Price: TMA is not significantly more volatile than the rest of MA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TMA's weekly volatility (3%) has been stable over the past year.
About the Company
Total Maroc S.A. operates petroleum products service stations in Morocco. The company also engages in aviation, gas, and logistics businesses. It operates approximately 300 service stations.
Total Maroc Fundamentals Summary
|TMA fundamental statistics|
Is TMA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TMA income statement (TTM)|
|Cost of Revenue||د.م7.61b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||83.00|
|Net Profit Margin||7.47%|
How did TMA perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Is Total Maroc 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: TMA (MAD1800) is trading above our estimate of fair value (MAD379.69)
Significantly Below Fair Value: TMA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TMA is poor value based on its PE Ratio (21.7x) compared to the African Specialty Retail industry average (9.1x).
PE vs Market: TMA is good value based on its PE Ratio (21.7x) compared to the MA market (27x).
Price to Earnings Growth Ratio
PEG Ratio: TMA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TMA is overvalued based on its PB Ratio (7.3x) compared to the XF Specialty Retail industry average (1.6x).
How is Total Maroc forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TMA's earnings are forecast to decline over the next 3 years (-9.1% per year).
Earnings vs Market: TMA's earnings are forecast to decline over the next 3 years (-9.1% per year).
High Growth Earnings: TMA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TMA's revenue is expected to decline over the next 3 years (-1.6% per year).
High Growth Revenue: TMA's revenue is forecast to decline over the next 3 years (-1.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TMA's Return on Equity is forecast to be high in 3 years time (21.6%)
How has Total Maroc performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TMA has high quality earnings.
Growing Profit Margin: TMA's current net profit margins (7.5%) are higher than last year (3.7%).
Past Earnings Growth Analysis
Earnings Trend: TMA's earnings have declined by 11.5% per year over the past 5 years.
Accelerating Growth: TMA's earnings growth over the past year (89.3%) exceeds its 5-year average (-11.5% per year).
Earnings vs Industry: TMA earnings growth over the past year (89.3%) exceeded the Specialty Retail industry 55.4%.
Return on Equity
High ROE: TMA's Return on Equity (33.7%) is considered high.
How is Total Maroc's financial position?
Financial Position Analysis
Short Term Liabilities: TMA's short term assets (MAD4.1B) exceed its short term liabilities (MAD3.8B).
Long Term Liabilities: TMA's short term assets (MAD4.1B) exceed its long term liabilities (MAD761.6M).
Debt to Equity History and Analysis
Debt Level: TMA's debt to equity ratio (27.5%) is considered satisfactory.
Reducing Debt: TMA's debt to equity ratio has reduced from 184.2% to 27.5% over the past 5 years.
Debt Coverage: TMA's debt is well covered by operating cash flow (196.9%).
Interest Coverage: TMA's interest payments on its debt are well covered by EBIT (36x coverage).
What is Total Maroc current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TMA's dividend (2.8%) is higher than the bottom 25% of dividend payers in the MA market (2.24%).
High Dividend: TMA's dividend (2.8%) is low compared to the top 25% of dividend payers in the MA market (4.88%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TMA has been paying a dividend for less than 10 years.
Growing Dividend: TMA's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.7%), TMA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TMA's dividends in 3 years are not forecast to be well covered by earnings (91.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Tarik Moufaddal serves as Managing Director and Chair of Total Tanzania Ltd. Mr. Moufaddal is a MD & Director of Total Maroc S.A.
Experienced Management: TMA's management team is considered experienced (2.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Total Maroc S.A.'s employee growth, exchange listings and data sources
- Name: Total Maroc S.A.
- Ticker: TMA
- Exchange: CBSE
- Founded: 1927
- Industry: Automotive Retail
- Sector: Retail
- Market Cap: د.م16.128b
- Shares outstanding: 8.96m
- Website: https://www.total.ma
Number of Employees
- Total Maroc S.A.
- 146, Boulevard Zerktouni
- 20 000
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/15 16:30|
|End of Day Share Price||2021/10/14 00:00|
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.