Financials Douja Promotion Groupe Addoha S.A.

Equities

End-of-day quote Casablanca S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
32.4 ^MAD	-3.25%		+1.38%	+126.10%

2023	Douja Promotion Groupe Addoha S.A. Reports Earnings Results for the Half Year Ended June 30, 2023	CI
2023	Douja Promotion Groupe Addoha S.A. Reports Earnings Results for the Full Year Ended December 31, 2022	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	5,437	3,627	2,555	4,242	2,511	12,954	12,954	-
Enterprise Value (EV) ¹	11,147	8,835	2,555	8,690	7,111	17,564	17,479	12,954
P/E ratio	14.4 x	10.8 x	-	-48.2 x	69.8 x	99.2 x	66.8 x	62.3 x
Yield	7.06%	-	-	-	-	-	-	-
Capitalization / Revenue	1.34 x	1.04 x	-	3.55 x	1.82 x	5.17 x	4.38 x	3.79 x
EV / Revenue	2.74 x	2.54 x	-	7.26 x	5.16 x	7.01 x	5.92 x	3.79 x
EV / EBITDA	16.9 x	11.4 x	-	-45.8 x	338 x	88.3 x	78.7 x	-
EV / FCF	12.8 x	18.9 x	12.7 x	28.3 x	-40.5 x	849 x	204 x	-
FCF Yield	7.79%	5.28%	7.88%	3.54%	-2.47%	0.12%	0.49%	-
Price to Book	0.54 x	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	319,834	319,834	399,828	399,828	399,828	399,828	399,828	-
Reference price ²	17.00	11.34	6.390	10.61	6.280	32.40	32.40	32.40
Announcement Date	4/1/19	4/19/20	4/29/22	4/29/22	5/3/23	-	-	-

¹MAD in Million²MAD

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	4,062	3,480	-	1,197	1,378	2,504	2,955	3,418
EBITDA ¹	659.6	777.4	-	-189.6	21.03	199	222	-
EBIT ¹	632.3	610.6	-	-143.7	126.7	258.4	271.1	224.9
Operating Margin	15.57%	17.55%	-	-12.01%	9.19%	10.32%	9.18%	6.58%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income ¹	376.6	335.6	-	-88.28	37.52	161.6	186.8	202
Net margin	9.27%	9.64%	-	-7.38%	2.72%	6.46%	6.32%	5.91%
EPS ²	1.180	1.050	-	-0.2200	0.0900	0.3267	0.4850	0.5200
Free Cash Flow ¹	868.9	466.3	201.2	307.3	-175.5	20.7	85.6	-
FCF margin	21.39%	13.4%	-	25.68%	-12.74%	0.83%	2.9%	-
FCF Conversion (EBITDA)	131.72%	59.98%	-	-	-	10.4%	38.56%	-
FCF Conversion (Net income)	230.72%	138.96%	-	-	-	12.81%	45.82%	-
Dividend per Share	1.200	-	-	-	-	-	-	-
Announcement Date	4/1/19	4/19/20	4/29/22	4/29/22	5/3/23	-	-	-

¹MAD in Million²MAD

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	5,710	5,208	-	4,448	4,600	4,610	4,525	-
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	8.656 x	6.699 x	-	-23.46 x	218.7 x	23.17 x	20.38 x	-
Free Cash Flow ¹	869	466	201	307	-176	20.7	85.6	-
ROE (net income / shareholders' equity)	3.49%	3.43%	-	-0.99%	0.43%	1.48%	2.51%	2.76%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share	31.30	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	0.56	7.52	-	159	21.3	50	50	-
Capex / Sales	0.01%	0.22%	-	13.28%	1.54%	2%	1.69%	-
Announcement Date	4/1/19	4/19/20	4/29/22	4/29/22	5/3/23	-	-	-

¹MAD in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

32.4 MAD

Average target price

16.85 MAD

Spread / Average Target

-47.99%

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