Société d'Exploitation des Ports

CBSE:MSA Stock Report

Market Cap: د.م38.8b

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 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 MSA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MSA (MAD528) is trading above our estimate of fair value (MAD111.52)

Significantly Below Fair Value: MSA is trading above our estimate of fair 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 Ratio37.1x
Earningsد.م1.05b
Market Capد.م38.75b

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 Average22.2x
QUB Qube Holdings
30.4x10.6%AU$7.0b
601228 Guangzhou Port
26.2xn/aCN¥26.6b
601000 TangShan Port GroupLtd
14.4x5.9%CN¥27.3b
WPRTS Westports Holdings Berhad
17.7x4.1%RM 15.0b
MSA Société d'Exploitation des Ports
37.1x3.3%د.م38.8b

Price-To-Earnings vs Peers: MSA is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the peer average (22.3x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MSA 37.1xIndustry Avg. 14.4xNo. of Companies33PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MSA is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the Global Infrastructure industry average (14.4x).

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 Ratio37.1x
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.م528.00
د.م509.00
-3.6%
3.1%د.م525.00د.م493.00n/a2
Dec ’25د.م548.60
د.م489.50
-10.8%
0.7%د.م493.00د.م486.00n/a2
Nov ’25د.م472.00
د.م489.50
+3.7%
0.7%د.م493.00د.م486.00n/a2
Oct ’25د.م458.00
د.م489.50
+6.9%
0.7%د.م493.00د.م486.00n/a2
Jan ’25د.م278.00
د.م271.50
-2.3%
0.9%د.م274.00د.م269.00n/a2
Dec ’24د.م272.00
د.م262.00
-3.7%
2.7%د.م269.00د.م255.00د.م548.602
Nov ’24د.م269.00
د.م262.00
-2.6%
2.7%د.م269.00د.م255.00د.م472.002
Oct ’24د.م269.00
د.م266.67
-0.9%
3.3%د.م276.00د.م255.00د.م458.003
Sep ’24د.م266.00
د.م266.00
0%
3.6%د.م276.00د.م253.00د.م383.003
Aug ’24د.م277.95
د.م266.00
-4.3%
3.6%د.م276.00د.م253.00د.م375.003
Jul ’24د.م252.00
د.م266.00
+5.6%
3.6%د.م276.00د.م253.00د.م309.003
Jun ’24د.م248.80
د.م264.67
+6.4%
4.3%د.م276.00د.م249.00د.م288.003
May ’24د.م233.70
د.م237.00
+1.4%
16.5%د.م276.00د.م198.00د.م285.052
Apr ’24د.م214.00
د.م237.00
+10.7%
16.5%د.م276.00د.م198.00د.م279.052
Feb ’24د.م205.00
د.م258.00
+25.9%
23.3%د.م318.00د.م198.00د.م273.152
Jan ’24د.م216.00
د.م258.00
+19.4%
23.3%د.م318.00د.م198.00د.م278.002
Dec ’23د.م218.35
د.م267.50
+22.5%
18.9%د.م318.00د.م217.00د.م272.002

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 05:03
End of Day Share Price 2024/12/18 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

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
Fadwa AouiniAlphaMena
Dounia FilaliBmce Capital Bourse
Mehdi ChakirCFG Marches