Société d'Exploitation des Ports

CBSE:MSA Stock Report

Market Cap: د.م60.0b

Société d'Exploitation des Ports Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: MSA (MAD817) is trading above our estimate of future cash flow value (MAD249.33)

Significantly Below Future Cash Flow Value: MSA is trading above our estimate of future cash flow value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MSA. This is calculated by dividing MSA's market cap by their current earnings.
What is MSA's PE Ratio?
PE Ratio37.7x
Earningsد.م1.59b
Market Capد.م59.96b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MSA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.1x
QUB Qube Holdings
40.7x12.03%AU$8.9b
JSWINFRA JSW Infrastructure
36.3x21.35%₹553.6b
WPRTS Westports Holdings Berhad
19.2x5.09%RM 21.2b
001872 China Merchants Port Group
12x2.71%CN¥54.5b
MSA Société d'Exploitation des Ports
37.7x20.46%د.م60.0b

Price-To-Earnings vs Peers: MSA is expensive based on its Price-To-Earnings Ratio (37.7x) compared to the peer average (27.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does MSA's PE Ratio compare vs other companies in the Global Infrastructure Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
MSA 37.7xIndustry Avg. 14.7xNo. of Companies36PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MSA is expensive based on its Price-To-Earnings Ratio (37.7x) compared to the Global Infrastructure industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is MSA'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.

MSA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MSA's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

The above table shows the analyst MSA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.م817.00
د.م987.00
+20.81%
8.11%د.م1,067.00د.م907.00n/a2
May ’27د.م835.00
د.م864.50
+3.53%
4.92%د.م907.00د.م822.00n/a2
Apr ’27د.م788.00
د.م864.50
+9.71%
4.92%د.م907.00د.م822.00n/a2
Mar ’27د.م830.00
د.م936.50
+12.83%
12.55%د.م1,054.00د.م819.00n/a2
Feb ’27د.م932.00
د.م931.00
-0.11%
13.21%د.م1,054.00د.م808.00n/a2
Jan ’27د.م950.00
د.م919.00
-3.26%
14.69%د.م1,054.00د.م784.00n/a2
Dec ’26د.م967.00
د.م896.00
-7.34%
17.63%د.م1,054.00د.م738.00n/a2
Nov ’26د.م998.00
د.م886.50
-11.17%
18.89%د.م1,054.00د.م719.00n/a2
Oct ’26د.م910.00
د.م733.50
-19.40%
0.34%د.م736.00د.م731.00n/a2
Sep ’26د.م977.00
د.م733.50
-24.92%
0.34%د.م736.00د.م731.00n/a2
Aug ’26د.م905.50
د.م738.00
-18.50%
0.95%د.م745.00د.م731.00n/a2
Jul ’26د.م842.00
د.م738.00
-12.35%
0.95%د.م745.00د.م731.00n/a2
Jun ’26د.م790.00
د.م725.50
-8.16%
0.76%د.م731.00د.م720.00n/a2
May ’26د.م743.00
د.م693.00
-6.73%
5.48%د.م731.00د.م655.00د.م835.002
Apr ’26د.م750.00
د.م693.00
-7.60%
5.48%د.م731.00د.م655.00د.م788.002
Mar ’26د.م729.00
د.م636.50
-12.69%
2.91%د.م655.00د.م618.00د.م830.002
Feb ’26د.م605.80
د.م571.50
-5.66%
8.14%د.م618.00د.م525.00د.م932.002
Jan ’26د.م536.00
د.م509.00
-5.04%
3.14%د.م525.00د.م493.00د.م950.002
Dec ’25د.م548.60
د.م489.50
-10.77%
0.72%د.م493.00د.م486.00د.م967.002
Nov ’25د.م472.00
د.م489.50
+3.71%
0.72%د.م493.00د.م486.00د.م998.002
Oct ’25د.م458.00
د.م489.50
+6.88%
0.72%د.م493.00د.م486.00د.م910.002
د.م987
Fair Value
17.2% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/19 07:45
End of Day Share Price 2026/05/19 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Société d'Exploitation des Ports is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kais KriaaAlphaMena
Fadwa AouiniAlphaMena
Dounia FilaliBmce Capital Bourse