Financials Cosumar Casablanca S.E.

Equities

CSR

MA0000010407

Food Processing

End-of-day quote Casablanca S.E. 5-day change 1st Jan Change
- MAD -.--% Intraday chart for Cosumar -.--% -.--%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,683 19,852 24,661 17,953 18,425 18,515 - -
Enterprise Value (EV) 1 21,695 21,466 25,064 19,022 18,425 19,815 19,224 18,515
P/E ratio 22.4 x 24.5 x 32.3 x - - 19.9 x 18.8 x -
Yield 4.57% 2.86% 2.3% 3.68% - 3.57% 3.57% 3.57%
Capitalization / Revenue 2.52 x 2.3 x 2.71 x 1.72 x 1.8 x 1.79 x 1.73 x 1.64 x
EV / Revenue 2.64 x 2.49 x 2.75 x 1.82 x 1.8 x 1.91 x 1.79 x 1.64 x
EV / EBITDA 11.8 x 11.7 x 13.1 x 11.1 x 10.1 x 10.3 x 9.65 x -
EV / FCF 21.6 x 96.7 x 13.9 x -563 x - 16.5 x 15.3 x -
FCF Yield 4.63% 1.03% 7.2% -0.18% - 6.08% 6.52% -
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 94,487 94,487 94,487 94,487 94,487 94,487 - -
Reference price 2 218.9 210.1 261.0 190.0 195.0 196.0 196.0 196.0
Announcement Date 20-04-30 21-03-18 22-04-30 23-03-16 24-04-29 - - -
1MAD in Million2MAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,212 8,630 9,112 10,433 10,233 10,356 10,729 11,297
EBITDA 1 1,840 1,830 1,918 1,721 1,826 1,919 1,993 -
EBIT 1 1,455 1,414 1,408 1,294 1,375 1,453 1,510 -
Operating Margin 17.72% 16.39% 15.45% 12.41% 13.43% 14.03% 14.07% -
Earnings before Tax (EBT) - 1,208 - - - - - -
Net income 1 923.8 810 763 826 1,009 929 979 1,022
Net margin 11.25% 9.39% 8.37% 7.92% 9.86% 8.97% 9.12% 9.05%
EPS 2 9.780 8.570 8.075 - - 9.830 10.40 -
Free Cash Flow 1 1,004 221.9 1,806 -33.8 - 1,204 1,253 -
FCF margin 12.23% 2.57% 19.81% -0.32% - 11.63% 11.68% -
FCF Conversion (EBITDA) 54.59% 12.13% 94.15% - - 62.74% 62.87% -
FCF Conversion (Net income) 108.72% 27.4% 236.64% - - 129.6% 127.99% -
Dividend per Share 2 10.00 6.000 6.000 7.000 - 7.000 7.000 7.000
Announcement Date 20-04-30 21-03-18 22-04-30 23-03-16 24-04-29 - - -
1MAD in Million2MAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,012 1,614 403 1,070 - 1,300 709 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.5499 x 0.882 x 0.2101 x 0.6214 x - 0.6774 x 0.3557 x -
Free Cash Flow 1 1,004 222 1,806 -33.8 - 1,204 1,253 -
ROE (net income / shareholders' equity) 18% 15.7% 14.4% 15% - 15.5% 16% 15.8%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 579 458 268 281 - 311 322 -
Capex / Sales 7.05% 5.3% 2.94% 2.7% - 3% 3% -
Announcement Date 20-04-30 21-03-18 22-04-30 23-03-16 24-04-29 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
196 MAD
Average target price
213 MAD
Spread / Average Target
+8.70%
Consensus

Annual profits - Rate of surprise

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