HIGHTECH PAYMENT SYSTEMS S.A. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 547.5 MAD | -0.45% |
|
-2.06% | -11.98% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,818 | 2,638 | 4,566 | 4,770 | 4,573 | 4,140 | 4,140 | - |
| Enterprise Value (EV) 1 | 1,767 | 2,617 | 4,455 | 4,576 | 4,485 | 4,607 | 4,034 | 3,788 |
| P/E ratio | 19.7 x | 28.1 x | 54.1 x | 48.4 x | 39.1 x | 46.1 x | 24.2 x | 20.8 x |
| Yield | 1.93% | 1.33% | 0.77% | 0.81% | 0.92% | 1.21% | 1.34% | 1.58% |
| Capitalization / Revenue | 2.74 x | 3.67 x | 6.27 x | 5.77 x | 4.54 x | 3.87 x | 3.27 x | 2.93 x |
| EV / Revenue | 2.67 x | 3.64 x | 6.11 x | 5.54 x | 4.45 x | 3.87 x | 3.19 x | 2.68 x |
| EV / EBITDA | 13.9 x | 15.5 x | 27.8 x | 24.3 x | 21.6 x | 18.7 x | 14.4 x | 11.7 x |
| EV / FCF | 24.6 x | 142 x | 41.1 x | 27 x | 970 x | 479 x | 65.4 x | 64.3 x |
| FCF Yield | 4.07% | 0.7% | 2.43% | 3.7% | 0.1% | 0.21% | 1.53% | 1.56% |
| Price to Book | 5.1 x | - | 9.24 x | 8.57 x | - | 5.95 x | - | - |
| Nbr of stocks (in thousands) | 7,036 | 7,036 | 7,036 | 7,036 | 7,036 | 7,406 | 7,406 | - |
| Reference price 2 | 258.4 | 375.0 | 649.0 | 678.0 | 650.0 | 559.0 | 559.0 | 559.0 |
| Announcement Date | 3/21/19 | 3/18/20 | 3/19/21 | 2/28/22 | 3/25/23 | 3/25/24 | - | - |
1MAD in Million2MAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 662.5 | 719.6 | 728.5 | 826.2 | 1,007 | 1,191 | 1,265 | 1,415 |
| EBITDA 1 | 126.7 | 168.3 | 160.2 | 188.7 | 207.6 | 246.6 | 280.6 | 325 |
| EBIT 1 | 110.9 | 126.9 | 120.5 | 144.4 | 163.5 | 196.4 | 222 | 275 |
| Operating Margin | 16.74% | 17.64% | 16.54% | 17.48% | 16.23% | 16.48% | 17.56% | 19.44% |
| Earnings before Tax (EBT) 1 | - | 116 | 95.55 | 131.6 | - | 155.6 | 226 | 287 |
| Net income 1 | 92.23 | 93.8 | 84.4 | 98.85 | 117.1 | 99.93 | 150 | 188.1 |
| Net margin | 13.92% | 13.03% | 11.59% | 11.96% | 11.63% | 8.39% | 11.86% | 13.29% |
| EPS 2 | 13.11 | 13.33 | 11.99 | 14.00 | 16.64 | 13.50 | 23.10 | 26.90 |
| Free Cash Flow 1 | 71.88 | 18.44 | 108.3 | 169.5 | 4.625 | 8.3 | 61.7 | 58.9 |
| FCF margin | 10.85% | 2.56% | 14.87% | 20.52% | 0.46% | 0.74% | 4.88% | 4.16% |
| FCF Conversion (EBITDA) | 56.72% | 10.95% | 67.6% | 89.86% | 2.23% | 3.7% | 21.99% | 18.12% |
| FCF Conversion (Net income) | 77.93% | 19.66% | 128.32% | 171.51% | 3.95% | 6.48% | 41.13% | 31.32% |
| Dividend per Share 2 | 5.000 | 5.000 | 5.000 | 5.500 | 6.000 | 6.760 | 7.500 | 8.833 |
| Announcement Date | 3/21/19 | 3/18/20 | 3/19/21 | 2/28/22 | 3/25/23 | 3/25/24 | - | - |
1MAD in Million2MAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 S1 | 2023 S2 |
|---|---|---|
| Net sales | - | - |
| EBITDA 1 | - | 132.6 |
| EBIT 1 | - | 102.9 |
| Operating Margin | - | - |
| Earnings before Tax (EBT) 1 | 68.68 | 86.9 |
| Net income 1 | 45.53 | 54.41 |
| Net margin | - | - |
| EPS | - | - |
| Dividend per Share | - | - |
| Announcement Date | 9/25/23 | 3/25/24 |
1MAD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 51.1 | 21.5 | 112 | 194 | 88.4 | 168 | 106 | 353 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 71.9 | 18.4 | 108 | 170 | 4.62 | 8.3 | 61.7 | 58.9 |
| ROE (net income / shareholders' equity) | 28.4% | 24.4% | 18.6% | 18.8% | 19.4% | 17.3% | 18.3% | 18.6% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 50.70 | - | 70.30 | 79.10 | - | 94.00 | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 11.7 | 30.4 | 17.9 | 12.3 | 14.5 | 22.1 | 24.5 | 26.5 |
| Capex / Sales | 1.77% | 4.23% | 2.45% | 1.49% | 1.44% | 1.96% | 1.94% | 1.87% |
| Announcement Date | 3/21/19 | 3/18/20 | 3/19/21 | 2/28/22 | 3/25/23 | 3/25/24 | - | - |
1MAD in Million2MAD
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
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
559
MAD
Average target price
730.5
MAD
Spread / Average Target
+30.68%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -11.98% | 412M | |
| +10.66% | 321B | |
| +26.23% | 220B | |
| +3.30% | 150B | |
| +13.73% | 57.95B | |
| +14.14% | 32.83B | |
| +3.00% | 30.44B | |
| +28.33% | 21.13B | |
| +86.90% | 20.94B | |
| +2.17% | 14.97B |
- Stock Market
- Equities
- HPS Stock
- Financials Hightech Payment Systems S.A.