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DWY

DiswayCBSE:DWY Stock Report

Market Cap

د.م1.4b

7D

2.0%

1Y

77.4%

Updated

21 Oct, 2021

Data

Company Financials +
DWY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

DWY Overview

Disway S.A. distributes IT products in Morocco, Tunisia, West Africa, and Central Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Disway
Historical stock prices
Current Share Priceد.م723.50
52 Week Highد.م399.90
52 Week Lowد.م742.00
Beta0.30
1 Month Change13.07%
3 Month Change33.98%
1 Year Change77.37%
3 Year Change100.97%
5 Year Change149.48%
Change since IPO21.60%

Recent News & Updates

Shareholder Returns

DWYMA ElectronicMA Market
7D2.0%0.4%0.06%
1Y77.4%17.8%25.5%

Return vs Industry: DWY exceeded the MA Electronic industry which returned 17.8% over the past year.

Return vs Market: DWY exceeded the MA Market which returned 26.2% over the past year.

Price Volatility

Is DWY's price volatile compared to industry and market?
DWY volatility
DWY Beta0.30
Industry Beta1
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
n/a220n/ahttps://www.disway.com

Disway S.A. distributes IT products in Morocco, Tunisia, West Africa, and Central Africa. The company offers hardware products, including desktops, laptops, servers, and tablets and smartphones; and software products, such as operating systems, office suites, security and antivirus, backup and storage products, and design and graphic arts. It also provides peripherals and accessories comprising printers, network products, components, and accessories, as well as display products comprising TVs, monitors, and projectors.

Disway Fundamentals Summary

How do Disway's earnings and revenue compare to its market cap?
DWY fundamental statistics
Market Capد.م1.36b
Earnings (TTM)د.م99.22m
Revenue (TTM)د.م1.81b

13.8x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DWY income statement (TTM)
Revenueد.م1.81b
Cost of Revenueد.م1.57b
Gross Profitد.م240.20m
Expensesد.م140.98m
Earningsد.م99.22m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)52.61
Gross Margin13.29%
Net Profit Margin5.49%
Debt/Equity Ratio9.8%

How did DWY perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

64%

Payout Ratio

Valuation

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

13.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DWY (MAD723.5) is trading above our estimate of fair value (MAD309.19)

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


Price To Earnings Ratio

PE vs Industry: DWY is good value based on its PE Ratio (13.8x) compared to the Global Electronic industry average (21.5x).

PE vs Market: DWY is good value based on its PE Ratio (13.8x) compared to the MA market (26.8x).


Price to Earnings Growth Ratio

PEG Ratio: DWY is poor value based on its PEG Ratio (7.8x)


Price to Book Ratio

PB vs Industry: DWY's PB Ratio (2x) is in line with the XX Electronic industry average.


Future Growth

How is Disway forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DWY's forecast earnings growth (1.8% per year) is below the savings rate (9.1%).

Earnings vs Market: DWY's earnings (1.8% per year) are forecast to grow slower than the MA market (13.1% per year).

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

Revenue vs Market: DWY's revenue (5.4% per year) is forecast to grow slower than the MA market (6.8% per year).

High Growth Revenue: DWY's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DWY's Return on Equity is forecast to be low in 3 years time (14%).


Past Performance

How has Disway performed over the past 5 years?

7.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DWY has high quality earnings.

Growing Profit Margin: DWY's current net profit margins (5.5%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: DWY's earnings have grown by 7% per year over the past 5 years.

Accelerating Growth: DWY's earnings growth over the past year (39.1%) exceeds its 5-year average (7% per year).

Earnings vs Industry: DWY earnings growth over the past year (39.1%) exceeded the Electronic industry 33.7%.


Return on Equity

High ROE: DWY's Return on Equity (15%) is considered low.


Financial Health

How is Disway's financial position?


Financial Position Analysis

Short Term Liabilities: DWY's short term assets (MAD783.9M) exceed its short term liabilities (MAD207.9M).

Long Term Liabilities: DWY's short term assets (MAD783.9M) exceed its long term liabilities (MAD190.9M).


Debt to Equity History and Analysis

Debt Level: DWY's debt to equity ratio (9.8%) is considered satisfactory.

Reducing Debt: DWY's debt to equity ratio has reduced from 55.8% to 9.8% over the past 5 years.

Debt Coverage: DWY's debt is well covered by operating cash flow (221.9%).

Interest Coverage: DWY earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Disway current dividend yield, its reliability and sustainability?

4.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DWY's dividend (4.84%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: DWY's dividend (4.84%) is low compared to the top 25% of dividend payers in the MA market (4.86%).


Stability and Growth of Payments

Stable Dividend: DWY's dividend payments have been volatile in the past 10 years.

Growing Dividend: DWY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.6%), DWY's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DWY's dividends in 3 years are forecast to be covered by earnings (77.3% payout ratio).


Next Steps

Management

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


CEO

Disway has no CEO, or we have no data on them.


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

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


Key Information

  • Name: Disway S.A.
  • Ticker: DWY
  • Exchange: CBSE
  • Founded: NaN
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: د.م1.364b
  • Shares outstanding: 1.89m
  • Website: https://www.disway.com

Number of Employees


Location

  • Disway S.A.
  • 8 lotissement La colline
  • Sidi MaArouf
  • Casablanca
  • 20 270
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 21:01
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
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.