Financials Societe de Promotion Pharmaceutique du Maghreb S.A.

Equities

PRO

MA0000011660

Pharmaceuticals

End-of-day quote Casablanca S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
923 MAD -5.33% Intraday chart for Societe de Promotion Pharmaceutique du Maghreb S.A. -5.45% -7.70%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,400 1,000 856 710 1,140 1,068
Enterprise Value (EV) 1 1,471 1,022 707.7 570.9 934.9 1,011
P/E ratio - 25.8 x 16.4 x 11.8 x 16.5 x 14.2 x
Yield - - - - 3.51% 3.75%
Capitalization / Revenue 2.74 x 2.25 x 1.64 x 1.24 x 1.81 x 1.52 x
EV / Revenue 2.88 x 2.3 x 1.35 x 1 x 1.48 x 1.44 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -8,263,604 x
FCF Yield - - - - - -0%
Price to Book - 3.67 x 2.64 x 1.85 x 2.69 x 2.33 x
Nbr of stocks (in thousands) 1,000 1,000 1,000 1,000 1,000 1,000
Reference price 2 1,400 1,000 856.0 710.0 1,140 1,068
Announcement Date 3/26/19 3/26/19 3/30/20 4/15/21 4/26/22 4/25/23
1MAD in Million2MAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 511.2 444.5 522.5 573.2 630.5 704.6
EBITDA - - - - - -
EBIT 1 102 54.72 91.24 101.5 104.9 134.1
Operating Margin 19.96% 12.31% 17.46% 17.7% 16.64% 19.03%
Earnings before Tax (EBT) 1 97.19 55.04 81.58 90.45 102.7 114.3
Net income 1 65.8 38.75 52.11 60.26 68.97 75.28
Net margin 12.87% 8.72% 9.97% 10.51% 10.94% 10.68%
EPS - 38.75 52.11 60.26 68.97 75.28
Free Cash Flow - - - - - -122.4
FCF margin - - - - - -17.37%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - 40.00 40.00
Announcement Date 3/26/19 3/26/19 3/30/20 4/15/21 4/26/22 4/25/23
1MAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 70.8 22.4 - - - -
Net Cash position 1 - - 148 139 205 56.8
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -122
ROE (net income / shareholders' equity) 24% 15.3% 17.5% 17% 17.1% 17.1%
ROA (Net income/ Total Assets) 13.6% 7.36% 11.7% 12.3% 11.3% 12.2%
Assets 1 484.4 526.2 444.1 491.8 610.7 619.3
Book Value Per Share - 272.0 324.0 385.0 424.0 459.0
Cash Flow per Share - 26.60 119.0 104.0 160.0 106.0
Capex - - - - - 129
Capex / Sales - - - - - 18.29%
Announcement Date 3/26/19 3/26/19 3/30/20 4/15/21 4/26/22 4/25/23
1MAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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