Financials Aluminium Du Maroc SA

Equities

ALM

MA0000010936

Aluminum

End-of-day quote Casablanca S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
1,517 MAD +1.13% Intraday chart for Aluminium Du Maroc SA -0.52% +10.81%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 783.3 626.7 648.6 660.7 637.9 706.9 - -
Enterprise Value (EV) 1 1,181 626.7 1,064 1,308 637.9 1,298 1,300 706.9
P/E ratio 13 x - 35.7 x - - 31.8 x 20.4 x -
Yield 4.16% - 7.18% 4.94% - 5.93% 5.93% -
Capitalization / Revenue 0.88 x 0.69 x 0.55 x 0.47 x 0.5 x 0.52 x 0.47 x 0.43 x
EV / Revenue 1.32 x 0.69 x 0.91 x 0.92 x 0.5 x 0.95 x 0.86 x 0.43 x
EV / EBITDA 16.1 x - 8.33 x 10.4 x 7.51 x 9.34 x 7.97 x -
EV / FCF 24.7 x - -13.3 x 10.9 x - 28.4 x 37.7 x -
FCF Yield 4.04% - -7.52% 9.19% - 3.52% 2.65% -
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 466 466 466 466 466 466 - -
Reference price 2 1,681 1,345 1,392 1,418 1,369 1,517 1,517 1,517
Announcement Date 4/30/20 5/3/21 3/30/22 4/28/23 4/30/24 - - -
1MAD in Million2MAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 893.1 907.5 1,172 1,419 1,270 1,372 1,509 1,660
EBITDA 1 73.12 - 127.7 125.6 84.91 139 163 -
EBIT 1 60.34 - 127.6 122.7 84.21 98.1 121 -
Operating Margin 6.76% - 10.89% 8.65% 6.63% 7.15% 8.02% -
Earnings before Tax (EBT) - 33.66 - - - - - -
Net income 1 60.12 - 18.2 4.5 6.67 22.2 34.7 -
Net margin 6.73% - 1.55% 0.32% 0.53% 1.62% 2.3% -
EPS 2 129.0 - 38.97 - - 47.70 74.40 -
Free Cash Flow 1 47.71 - -80 120.2 - 45.7 34.5 -
FCF margin 5.34% - -6.83% 8.47% - 3.33% 2.29% -
FCF Conversion (EBITDA) 65.25% - - 95.7% - 32.88% 21.17% -
FCF Conversion (Net income) 79.36% - - 2,671.11% - 205.86% 99.42% -
Dividend per Share 2 70.00 - 100.0 70.00 - 90.00 90.00 -
Announcement Date 4/30/20 5/3/21 3/30/22 4/28/23 4/30/24 - - -
1MAD in Million2MAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 397 - 415 647 - 591 593 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.436 x - 3.252 x 5.154 x - 4.252 x 3.638 x -
Free Cash Flow 1 47.7 - -80 120 - 45.7 34.5 -
ROE (net income / shareholders' equity) 15.1% - 5.92% 1.54% - 9.39% 15.5% 21%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 16.2 - 23.4 12.7 - 9.78 10.2 -
Capex / Sales 1.81% - 2% 0.9% - 0.71% 0.68% -
Announcement Date 4/30/20 5/3/21 3/30/22 4/28/23 4/30/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
SELL
Number of Analysts
1
Last Close Price
1,517 MAD
Average target price
1,276 MAD
Spread / Average Target
-15.89%
Consensus

Annual profits - Rate of surprise

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