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LYD

Lydec CBSE:LYD Stock Report

Last Price

د.م252.30

Market Cap

د.م2.0b

7D

-1.1%

1Y

-22.4%

Updated

11 Aug, 2022

Data

Company Financials +
LYD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health1/6
Dividends1/6

LYD Stock Overview

Lydec S.A. engages in the utility business in Morocco.

Lydec Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Lydec
Historical stock prices
Current Share Priceد.م252.30
52 Week Highد.م369.00
52 Week Lowد.م236.05
Beta0.13
1 Month Change-5.15%
3 Month Change-4.83%
1 Year Change-22.36%
3 Year Change-43.93%
5 Year Change-59.31%
Change since IPO-25.36%

Recent News & Updates

Shareholder Returns

LYDMA Electric UtilitiesMA Market
7D-1.1%2.2%1.7%
1Y-22.4%25.3%-2.8%

Return vs Industry: LYD underperformed the MA Electric Utilities industry which returned 25.1% over the past year.

Return vs Market: LYD underperformed the MA Market which returned -4% over the past year.

Price Volatility

Is LYD's price volatile compared to industry and market?
LYD volatility
LYD Average Weekly Movementn/a
Electric Utilities Industry Average Movement4.6%
Market Average Movement4.9%
10% most volatile stocks in MA Market6.4%
10% least volatile stocks in MA Market3.0%

Stable Share Price: Insufficient data to determine LYD's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine LYD's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
19953,160Jean-Pascal Darriethttps://www.lydec.ma

Lydec S.A. engages in the utility business in Morocco. The company distributes drinking water and electricity; collects wastewater and rainwater; and manages public lighting. It serves approximately 5 million people in the Greater Casablanca Region.

Lydec Fundamentals Summary

How do Lydec's earnings and revenue compare to its market cap?
LYD fundamental statistics
Market Capد.م2.02b
Earnings (TTM)-د.م9.67m
Revenue (TTM)د.م7.23b

0.3x

P/S Ratio

-208.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LYD income statement (TTM)
Revenueد.م7.23b
Cost of Revenueد.م5.26b
Gross Profitد.م1.97b
Other Expensesد.م1.98b
Earnings-د.م9.67m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.21
Gross Margin27.20%
Net Profit Margin-0.13%
Debt/Equity Ratio819.3%

How did LYD perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

n/a

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

LYD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.2x
Enterprise Value/EBITDA-109.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does LYD's PS Ratio compare to its peers?

LYD PS Ratio vs Peers
The above table shows the PS ratio for LYD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.8x
MRKK ROSSETI Northern Caucasus
0.3xn/a₽11.6b
CIEC Compagnie Ivoirienne d'Électricité (CIE)
0.5xn/aXOF123.2b
JEL Jersey Electricity
1.5x6.3%UK£173.9m
HLZ Holaluz-Clidom
0.9x15.9%€207.6m
LYD Lydec
0.3x1.7%د.م2.0b

Price-To-Sales vs Peers: LYD is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.8x).


Price to Earnings Ratio vs Industry

How does LYD's PE Ratio compare vs other companies in the Global Electric Utilities Industry?

Price-To-Sales vs Industry: LYD is expensive based on its Price-To-Sales Ratio (0.3x) compared to the African Electric Utilities industry average (0.3x)


Price to Sales Ratio vs Fair Ratio

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

LYD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: LYD (MAD252.3) is trading below our estimate of fair value (MAD615.98)

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


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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Future Growth

How is Lydec forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


36.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LYD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.9%).

Earnings vs Market: LYD is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: LYD is expected to become profitable in the next 3 years.

Revenue vs Market: LYD's revenue (1.7% per year) is forecast to grow slower than the MA market (8.9% per year).

High Growth Revenue: LYD's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LYD's Return on Equity is forecast to be low in 3 years time (5.7%).


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Past Performance

How has Lydec performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-113.1%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: LYD is currently unprofitable.

Growing Profit Margin: LYD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if LYD's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare LYD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LYD is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (9.1%).


Return on Equity

High ROE: LYD has a negative Return on Equity (-0.55%), as it is currently unprofitable.


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Financial Health

How is Lydec's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LYD's short term assets (MAD4.5B) exceed its short term liabilities (MAD4.3B).

Long Term Liabilities: LYD's short term assets (MAD4.5B) do not cover its long term liabilities (MAD15.1B).


Debt to Equity History and Analysis

Debt Level: LYD's net debt to equity ratio (777.3%) is considered high.

Reducing Debt: LYD's debt to equity ratio has increased from 743.8% to 819.3% over the past 5 years.

Debt Coverage: LYD's debt is not well covered by operating cash flow (4.7%).

Interest Coverage: LYD's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.17%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: LYD's dividend (3.17%) is higher than the bottom 25% of dividend payers in the MA market (2.93%).

High Dividend: LYD's dividend (3.17%) is low compared to the top 25% of dividend payers in the MA market (4.43%).


Stability and Growth of Payments

Stable Dividend: LYD has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: LYD has only been paying a dividend for 9 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

4.9yrs

Average board tenure


CEO

Jean-Pascal Darriet

no data

Tenure

Mr. Jean-Pascal Darriet serves as the Chief Executive Officer and Managing Director of Lydec S.A., (alternate name Lyonnaise des Eaux de Casablanca S.A.).


Board Members

Experienced Board: LYD's board of directors are considered experienced (4.9 years average tenure).


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

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


Key Information

  • Name: Lydec S.A.
  • Ticker: LYD
  • Exchange: CBSE
  • Founded: 1995
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: د.م2.018b
  • Shares outstanding: 8.00m
  • Website: https://www.lydec.ma

Number of Employees


Location

  • Lydec S.A.
  • 48, rue Mohamed Diouri
  • Casablanca
  • 20110
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 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.