TotalEnergies Marketing Maroc S.A.

CBSE:TMA Stock Report

Market Cap: د.م13.4b

TotalEnergies Marketing Maroc Valuation

Is TMA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TMA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TMA (MAD1490) is trading below our estimate of fair value (MAD3322.99)

Significantly Below Fair Value: TMA is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TMA?

Key metric: As TMA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TMA. This is calculated by dividing TMA's market cap by their current earnings.
What is TMA's PE Ratio?
PE Ratio37.1x
Earningsد.م359.43m
Market Capد.م13.35b

Price to Earnings Ratio vs Peers

How does TMA's PE Ratio compare to its peers?

The above table shows the PE ratio for TMA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.8x
NEJ Auto Nejma Maroc
13.9xn/aد.م2.1b
PETG Petrol d.d
8.2xn/a€1.3b
MTH Motus Holdings
9.2x12.4%R22.4b
ATH Auto Hall
56x29.0%د.م3.3b
TMA TotalEnergies Marketing Maroc
37.1x22.5%د.م13.4b

Price-To-Earnings vs Peers: TMA is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the peer average (21.8x).


Price to Earnings Ratio vs Industry

How does TMA's PE Ratio compare vs other companies in the African Specialty Retail Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TMA 37.1xIndustry Avg. 10.9xNo. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TMA is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the African Specialty Retail industry average (11x).


Price to Earnings Ratio vs Fair Ratio

What is TMA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TMA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.1x
Fair PE Ratio49.1x

Price-To-Earnings vs Fair Ratio: TMA is good value based on its Price-To-Earnings Ratio (37.1x) compared to the estimated Fair Price-To-Earnings Ratio (49.1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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