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SIAM

Société Industrielle d'Appareillage et de Matériels ElectriquesBVMT:SIAME Stock Report

Market Cap

د.ت63.9m

7D

-1.2%

1Y

46.9%

Updated

19 Oct, 2021

Data

Company Financials +
SIAME fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends1/6

SIAME Overview

Société Industrielle d'Appareillage et de Matériels Electriques engages in the manufacturing and marketing of electrical and electromechanical equipment in Tunisia, Africa, and the Middle East.

Price History & Performance

Summary of all time highs, changes and price drops for Société Industrielle d'Appareillage et de Matériels Electriques
Historical stock prices
Current Share Priceد.ت4.14
52 Week Highد.ت2.77
52 Week Lowد.ت4.25
Beta0.18
1 Month Change3.50%
3 Month Change1.47%
1 Year Change46.90%
3 Year Change98.00%
5 Year Change99.74%
Change since IPO-5.01%

Recent News & Updates

Shareholder Returns

SIAMETN ElectricalTN Market
7D-1.2%1.9%-0.3%
1Y46.9%12.0%0.3%

Return vs Industry: SIAME exceeded the TN Electrical industry which returned 10.6% over the past year.

Return vs Market: SIAME exceeded the TN Market which returned -0.1% over the past year.

Price Volatility

Is SIAME's price volatile compared to industry and market?
SIAME volatility
SIAME Beta0.18
Industry Beta0.53
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1976n/an/ahttps://www.siame.com.tn

Société Industrielle d'Appareillage et de Matériels Electriques engages in the manufacturing and marketing of electrical and electromechanical equipment in Tunisia, Africa, and the Middle East. The company offers counters comprising electronic counters, electromechanical counters, and counting tables; gas counters; and water meters. It also provides protection and control equipment, such as circuit breakers, switches, industrial contactors, and gas detectors; and low and medium voltage line accessories.

Société Industrielle d'Appareillage et de Matériels Electriques Fundamentals Summary

How do Société Industrielle d'Appareillage et de Matériels Electriques's earnings and revenue compare to its market cap?
SIAME fundamental statistics
Market Capد.ت63.94m
Earnings (TTM)د.ت2.91m
Revenue (TTM)د.ت60.71m

21.9x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIAME income statement (TTM)
Revenueد.ت60.71m
Cost of Revenueد.ت39.21m
Gross Profitد.ت21.50m
Expensesد.ت18.58m
Earningsد.ت2.91m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.19
Gross Margin35.41%
Net Profit Margin4.80%
Debt/Equity Ratio22.7%

How did SIAME perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

58%

Payout Ratio

Valuation

Is Société Industrielle d'Appareillage et de Matériels Electriques undervalued compared to its fair value and its price relative to the market?

40.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SIAME (TND4.14) is trading below our estimate of fair value (TND6.98)

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


Price To Earnings Ratio

PE vs Industry: SIAME is poor value based on its PE Ratio (21.9x) compared to the African Electrical industry average (12.1x).

PE vs Market: SIAME is poor value based on its PE Ratio (21.9x) compared to the TN market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: SIAME is poor value based on its PEG Ratio (4.9x)


Price to Book Ratio

PB vs Industry: SIAME is overvalued based on its PB Ratio (2.2x) compared to the XF Electrical industry average (1.1x).


Future Growth

How is Société Industrielle d'Appareillage et de Matériels Electriques forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

4.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIAME's forecast earnings growth (4.5% per year) is below the savings rate (9.1%).

Earnings vs Market: SIAME's earnings (4.5% per year) are forecast to grow slower than the TN market (12.7% per year).

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

Revenue vs Market: SIAME's revenue is expected to decline over the next 3 years (-2.9% per year).

High Growth Revenue: SIAME's revenue is forecast to decline over the next 3 years (-2.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SIAME's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Société Industrielle d'Appareillage et de Matériels Electriques performed over the past 5 years?

6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIAME has high quality earnings.

Growing Profit Margin: SIAME's current net profit margins (4.8%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: SIAME's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: SIAME's earnings growth over the past year (97.9%) exceeds its 5-year average (6.2% per year).

Earnings vs Industry: SIAME earnings growth over the past year (97.9%) exceeded the Electrical industry 40%.


Return on Equity

High ROE: SIAME's Return on Equity (10.1%) is considered low.


Financial Health

How is Société Industrielle d'Appareillage et de Matériels Electriques's financial position?


Financial Position Analysis

Short Term Liabilities: SIAME's short term assets (TND30.3M) exceed its short term liabilities (TND17.9M).

Long Term Liabilities: SIAME's short term assets (TND30.3M) exceed its long term liabilities (TND255.2K).


Debt to Equity History and Analysis

Debt Level: SIAME's debt to equity ratio (22.7%) is considered satisfactory.

Reducing Debt: SIAME's debt to equity ratio has reduced from 36.8% to 22.7% over the past 5 years.

Debt Coverage: SIAME's debt is well covered by operating cash flow (123.1%).

Interest Coverage: SIAME's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Dividend

What is Société Industrielle d'Appareillage et de Matériels Electriques's current dividend yield, its reliability and sustainability?

2.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SIAME's dividend (2.64%) isn’t notable compared to the bottom 25% of dividend payers in the TN market (2.89%).

High Dividend: SIAME's dividend (2.64%) is low compared to the top 25% of dividend payers in the TN market (6.62%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether SIAME's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if SIAME's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.8%), SIAME's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Société Industrielle d'Appareillage et de Matériels Electriques 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

Société Industrielle d'Appareillage et de Matériels Electriques's employee growth, exchange listings and data sources


Key Information

  • Name: Société Industrielle d'Appareillage et de Matériels Electriques
  • Ticker: SIAME
  • Exchange: BVMT
  • Founded: 1976
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: د.ت63.938m
  • Shares outstanding: 15.44m
  • Website: https://www.siame.com.tn

Location

  • Société Industrielle d'Appareillage et de Matériels Electriques
  • Rue des Mathématiques
  • Zone Industrielle
  • Grombalia
  • 8030
  • Tunisia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 21:42
End of Day Share Price2021/10/19 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.