ALLIANCES DEVELOPPEMENT IMMOBILIER S.A. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 245.9 MAD | -0.49% |
|
-2.42% | +112.90% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,622 | 1,068 | 793.7 | 1,148 | 5,429 | 5,429 | - |
| Enterprise Value (EV) 1 | 3,911 | 3,183 | 3,167 | 1,148 | 8,144 | 7,800 | 7,786 |
| P/E ratio | - | - | - | - | - | - | - |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.49 x | 0.52 x | 0.62 x | - | 2.67 x | 2.11 x | 1.64 x |
| EV / Revenue | 1.19 x | 1.54 x | 2.49 x | - | 4.01 x | 3.03 x | 2.36 x |
| EV / EBITDA | 6.86 x | 22.6 x | -13.3 x | - | 22.7 x | 37 x | 21.4 x |
| EV / FCF | 2.01 x | 4.75 x | - | - | 129 x | 151 x | 97.2 x |
| FCF Yield | 49.6% | 21.1% | - | - | 0.77% | 0.66% | 1.03% |
| Price to Book | 0.53 x | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 19,079 | 19,079 | 22,079 | 22,079 | 22,079 | 22,079 | - |
| Reference price 2 | 85.00 | 56.00 | 35.95 | 52.00 | 245.9 | 245.9 | 245.9 |
| Announcement Date | 3/29/19 | 4/30/20 | 5/1/21 | 4/29/23 | - | - | - |
1MAD in Million2MAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,280 | 2,063 | 1,270 | - | 2,033 | 2,578 | 3,305 |
| EBITDA 1 | 570.1 | 140.9 | -237.9 | - | 359 | 211 | 364 |
| EBIT 1 | 532.4 | 1,112 | -280.2 | - | 245 | 175 | 326 |
| Operating Margin | 16.23% | 53.91% | -22.06% | - | 12.05% | 6.79% | 9.86% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income 1 | 302.3 | 74.25 | -437.1 | - | 216 | 311 | 474 |
| Net margin | 9.22% | 3.6% | -34.41% | - | 10.62% | 12.06% | 14.34% |
| EPS | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,941 | 670.7 | - | - | 63 | 51.6 | 80.1 |
| FCF margin | 59.19% | 32.51% | - | - | 3.1% | 2% | 2.42% |
| FCF Conversion (EBITDA) | 340.5% | 476.15% | - | - | 17.55% | 24.45% | 22.01% |
| FCF Conversion (Net income) | 642.19% | 903.35% | - | - | 29.17% | 16.59% | 16.9% |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 3/29/19 | 4/30/20 | 5/1/21 | 4/29/23 | - | - | - |
1MAD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,289 | 2,115 | 2,374 | - | 2,715 | 2,371 | 2,357 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.015 x | 15.01 x | -9.977 x | - | 7.563 x | 11.24 x | 6.475 x |
| Free Cash Flow 1 | 1,941 | 671 | - | - | 63 | 51.6 | 80.1 |
| ROE (net income / shareholders' equity) | 12.6% | 2.44% | -14.7% | 5.75% | 6.52% | 8.75% | 12.2% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share | 160.0 | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 7.28 | 8.04 | 4.17 | - | 20 | 19 | 18 |
| Capex / Sales | 0.22% | 0.39% | 0.33% | - | 0.98% | 0.74% | 0.54% |
| Announcement Date | 3/29/19 | 4/30/20 | 5/1/21 | 4/29/23 | - | - | - |
1MAD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
1
Last Close Price
245.9
MAD
Average target price
241
MAD
Spread / Average Target
-1.99%
Chiffre d''affaires - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +112.90% | 548M | |
| +15.62% | 9.36B | |
| +6.43% | 3.99B | |
| +5.19% | 2.83B | |
| +28.65% | 2.52B | |
| +52.58% | 1.8B | |
| -49.78% | 1.56B | |
| -4.56% | 1.6B | |
| +52.00% | 1.11B | |
| -23.76% | 846M |
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