WAFA ASSURANCE SA |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,300 MAD | +2.38% |
|
+2.38% | +7.50% |
| Mar. 27 | Wafa Assurance SA Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Wafa Assurance SA Reports Earnings Results for the Half Year Ended June 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,650 | 13,545 | 13,160 | 14,000 | 15,050 | - | - |
| Enterprise Value (EV) 1 | 13,273 | 13,089 | 13,160 | 12,985 | 14,200 | 13,946 | 15,050 |
| P/E ratio | 21 x | 33.5 x | 16.9 x | 20.8 x | 19.5 x | 17.6 x | - |
| Yield | 3.08% | 2.58% | - | 3.5% | 3.26% | 3.49% | 3.49% |
| Capitalization / Revenue | 1.54 x | 1.62 x | - | - | 0.96 x | 0.88 x | 0.83 x |
| EV / Revenue | 1.5 x | 1.56 x | - | - | 0.91 x | 0.82 x | 0.83 x |
| EV / EBITDA | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | - | 2.26 x | - | - | - | - | - |
| Nbr of stocks (in thousands) | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | - | - |
| Reference price 2 | 3,900 | 3,870 | 3,760 | 4,000 | 4,300 | 4,300 | 4,300 |
| Announcement Date | 3/30/20 | 4/2/21 | 3/31/23 | 3/28/24 | - | - | - |
1MAD in Million2MAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,853 | 8,374 | - | - | 15,643 | 17,087 | 18,088 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | 1,136 | 1,344 | - | 902 | 1,098 | 1,214 | 1,334 |
| Operating Margin | 12.84% | 16.05% | - | - | 7.02% | 7.1% | 7.38% |
| Earnings before Tax (EBT) | - | 614.8 | - | - | - | - | - |
| Net income 1 | 649.5 | 404.5 | 776.1 | 670.5 | 775 | 858 | 942 |
| Net margin | 7.34% | 4.83% | - | - | 4.95% | 5.02% | 5.21% |
| EPS 2 | 185.6 | 115.6 | 222.0 | 192.0 | 221.0 | 245.0 | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | 120.0 | 100.0 | - | 140.0 | 140.0 | 150.0 | 150.0 |
| Announcement Date | 3/30/20 | 4/2/21 | 3/31/23 | 3/28/24 | - | - | - |
1MAD in Million2MAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | 377 | 456 | - | 1,015 | 850 | 1,104 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 11% | 6.75% | - | 7.76% | 8.27% | 8.84% | 9.33% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share | - | 1,709 | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - |
| Announcement Date | 3/30/20 | 4/2/21 | 3/31/23 | 3/28/24 | - | - | - |
1MAD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
2
Last Close Price
4,300
MAD
Average target price
4,509
MAD
Spread / Average Target
+4.86%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.50% | 1.5B | |
| +9.20% | 111B | |
| +9.97% | 101B | |
| +5.17% | 98.19B | |
| -0.14% | 69.87B | |
| +21.80% | 28.95B | |
| +7.19% | 19.26B | |
| -2.41% | 12.81B | |
| +9.24% | 11.1B | |
| +8.88% | 10.56B |
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