Company Valuation: SALAFIN

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,417 2,124 1,781 1,625 1,712 1,656
Change - 49.97% -16.18% -8.77% 5.38% -3.28%
Enterprise Value (EV) 1 3,283 4,038 3,525 3,123 3,046 3,236
Change - 22.98% -12.71% -11.41% -2.44% 6.22%
P/E -96.2x 25.2x 21.1x 17.9x 18.3x 17.1x
PBR 1.49x 2.28x 2.08x 1.88x 1.97x 1.9x
PEG - -0x 813,857.14x 2.42x 5.31x 5.13x
Capitalization / Revenue 2.47x 2.96x 2.5x 2.28x 2.53x 2.4x
EV / Revenue 5.73x 5.63x 4.96x 4.39x 4.5x 4.69x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - 26.55 13.5 14.25 14.75 30
Rate of return - 3.9% 2.37% 2.74% 2.69% 5.66%
EPS 2 -5 27 27 29 30 31
Distribution rate - 98.3% 50% 49.1% 49.2% 96.8%
Net sales 1 572.7 717.2 711.1 711.9 677.7 689.7
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 -16.37 84.73 85.75 90.58 93.15 96.12
Net Debt 1 1,867 1,914 1,744 1,498 1,334 1,580
Reference price 2 481.00 680.00 570.00 520.00 548.00 530.00
Nbr of stocks (in thousands) 2,945 3,124 3,124 3,124 3,124 3,124
Announcement Date 5/11/21 1/15/22 4/27/23 4/30/24 4/30/25 4/30/26
1MAD in Million2MAD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.09x17.11x - 0.66% 70.27B
44.15x5x16.9x-.--% 41.43B
26.34x5.22x25.83x0.07% 33.65B
18.53x12.46x24.19x1.08% 27.2B
8.47x1.98x3.72x1.61% 25.91B
30.73x4.45x13.35x-.--% 23.79B
23.66x18.94x44.7x0.15% 16.68B
22.49x22.53x - 0.23% 16.13B
Average 25.06x 10.96x 21.45x 0.48% 31.88B
Weighted average by Cap. 26.51x 10.82x 20.08x 0.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA