LAFARGEHOLCIM MAROC S.A. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,990 MAD | 0.00% |
|
-2.69% | +3.65% |
| Apr. 22 | LafargeHolcim Maroc S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | LafargeHolcim Maroc S.A. Reports Earnings Results for the Half Year Ended June 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 41,719 | 43,141 | 37,311 | 51,303 | 31,481 | 46,406 | 46,406 | - |
| Enterprise Value (EV) 1 | 48,668 | 43,141 | 43,214 | 56,363 | 37,008 | 51,510 | 50,813 | 50,231 |
| P/E ratio | 26.3 x | - | 25 x | 25.5 x | 22.6 x | 30.2 x | 28.7 x | 25.1 x |
| Yield | 3.69% | - | 3.13% | 3% | 4.89% | 3.54% | 3.52% | 4.02% |
| Capitalization / Revenue | 5.29 x | 5.49 x | 5.35 x | 6.26 x | 3.94 x | 5.61 x | 5.54 x | 5.27 x |
| EV / Revenue | 6.17 x | 5.49 x | 6.19 x | 6.88 x | 4.63 x | 6.23 x | 6.06 x | 5.7 x |
| EV / EBITDA | 12.7 x | - | 11.4 x | 13.6 x | 12 x | 15.6 x | 13.2 x | 12.3 x |
| EV / FCF | 28.6 x | - | 28.1 x | 26 x | 35.1 x | 26.2 x | 23.9 x | 22.6 x |
| FCF Yield | 3.5% | - | 3.56% | 3.84% | 2.85% | 3.82% | 4.18% | 4.42% |
| Price to Book | 4.25 x | - | - | 4.49 x | - | - | - | - |
| Nbr of stocks (in thousands) | 23,320 | 23,320 | 23,320 | 23,320 | 23,320 | 23,320 | 23,320 | - |
| Reference price 2 | 1,789 | 1,850 | 1,600 | 2,200 | 1,350 | 1,990 | 1,990 | 1,990 |
| Announcement Date | 4/8/19 | 4/21/20 | 4/30/21 | 3/18/22 | 4/28/23 | - | - | - |
1MAD in Million2MAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,887 | 7,855 | 6,980 | 8,195 | 7,985 | 8,269 | 8,383 | 8,805 |
| EBITDA 1 | 3,829 | - | 3,778 | 4,146 | 3,085 | 3,293 | 3,840 | 4,091 |
| EBIT 1 | 2,980 | 3,155 | 3,076 | 3,496 | 2,506 | 2,693 | 3,093 | 3,288 |
| Operating Margin | 37.78% | 40.16% | 44.07% | 42.66% | 31.38% | 32.57% | 36.9% | 37.34% |
| Earnings before Tax (EBT) | - | - | - | 3,003 | - | - | - | - |
| Net income 1 | 1,584 | - | 1,492 | 2,010 | 1,392 | 1,639 | 1,770 | 1,861 |
| Net margin | 20.08% | - | 21.38% | 24.53% | 17.43% | 19.82% | 21.11% | 21.14% |
| EPS 2 | 67.90 | - | 64.00 | 86.20 | 59.70 | 66.00 | 69.45 | 79.40 |
| Free Cash Flow 1 | 1,701 | - | 1,539 | 2,167 | 1,054 | 1,969 | 2,126 | 2,218 |
| FCF margin | 21.57% | - | 22.05% | 26.44% | 13.2% | 23.81% | 25.36% | 25.19% |
| FCF Conversion (EBITDA) | 44.42% | - | 40.75% | 52.25% | 34.15% | 59.79% | 55.36% | 54.22% |
| FCF Conversion (Net income) | 107.39% | - | 103.16% | 107.79% | 75.71% | 120.13% | 120.11% | 119.18% |
| Dividend per Share 2 | 66.00 | - | 50.00 | 66.00 | 66.00 | 70.50 | 70.00 | 80.00 |
| Announcement Date | 4/8/19 | 4/21/20 | 4/30/21 | 3/18/22 | 4/28/23 | - | - | - |
1MAD in Million2MAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,950 | - | 5,902 | 5,060 | 5,526 | 5,104 | 4,407 | 3,825 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.815 x | - | 1.562 x | 1.22 x | 1.791 x | 1.55 x | 1.148 x | 0.935 x |
| Free Cash Flow 1 | 1,701 | - | 1,539 | 2,167 | 1,054 | 1,969 | 2,126 | 2,218 |
| ROE (net income / shareholders' equity) | 16.1% | 17.3% | 14.6% | 18.2% | 12.2% | 14.9% | 15.4% | 15.8% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | 421.0 | - | - | 490.0 | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 852 | - | 470 | 926 | 610 | 496 | 419 | 440 |
| Capex / Sales | 10.8% | - | 6.74% | 11.3% | 7.64% | 6% | 5% | 5% |
| Announcement Date | 4/8/19 | 4/21/20 | 4/30/21 | 3/18/22 | 4/28/23 | - | - | - |
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
C
Sell
Buy
Mean consensus
SELL
Number of Analysts
2
Last Close Price
1,990
MAD
Average target price
1,510
MAD
Spread / Average Target
-24.12%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +3.65% | 4.58B | |
| +19.81% | 48.58B | |
| -2.89% | 15.52B | |
| -15.75% | 10.44B | |
| +26.55% | 8.84B | |
| +105.28% | 8.27B | |
| -0.30% | 7.96B | |
| -8.75% | 7.34B | |
| +23.60% | 6.73B | |
| +14.55% | 5.7B |
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- Financials LafargeHolcim Maroc S.A.
