Financials Agma SA

Equities

AGM

MA0000010944

Reinsurance

End-of-day quote Casablanca S.E. 06:00:00 2024-04-15 pm EDT 5-day change 1st Jan Change
6,678 MAD +0.01% Intraday chart for Agma SA 0.00% +4.67%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 588.6 615.8 661 743.4 946 1,214
Enterprise Value (EV) 1 576.2 583.5 652 713.7 886.6 1,113
P/E ratio - - - - - -
Yield 6.97% 6.98% 6.81% - 5.29% 4.2%
Capitalization / Revenue 5.17 x 5.21 x 5.17 x 5.69 x 6.69 x 7.99 x
EV / Revenue 5.06 x 4.94 x 5.1 x 5.47 x 6.27 x 7.32 x
EV / EBITDA 9.72 x 9.33 x 9.36 x 10.2 x 11.1 x 13 x
EV / FCF -16.3 x 11 x 43.9 x 11 x 12.5 x 20.2 x
FCF Yield -6.12% 9.11% 2.28% 9.11% 8.01% 4.96%
Price to Book - - - - - -
Nbr of stocks (in thousands) 200 200 200 200 200 200
Reference price 2 2,943 3,079 3,305 3,717 4,730 6,070
Announcement Date 3/26/18 3/29/19 3/23/20 4/29/22 4/29/22 5/25/23
1MAD in Million2MAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 113.9 118.1 127.8 130.6 141.4 152
EBITDA 1 59.31 62.52 69.65 70.29 79.92 85.79
EBIT 1 57.89 60.84 67.79 70.29 77.48 83.15
Operating Margin 50.82% 51.5% 53.05% 53.82% 54.81% 54.7%
Earnings before Tax (EBT) 1 61.17 65.88 69.99 73.16 76.23 80.56
Net income 1 42.3 45.77 48.06 50.22 52.15 56.83
Net margin 37.13% 38.75% 37.61% 38.46% 36.89% 37.39%
EPS - - - - - -
Free Cash Flow 1 -35.25 53.17 14.86 65.01 71.02 55.19
FCF margin -30.94% 45.01% 11.63% 49.78% 50.24% 36.31%
FCF Conversion (EBITDA) - 85.05% 21.34% 92.48% 88.86% 64.33%
FCF Conversion (Net income) - 116.16% 30.92% 129.45% 136.2% 97.11%
Dividend per Share 2 205.0 215.0 225.0 - 250.0 255.0
Announcement Date 3/26/18 3/29/19 3/23/20 4/29/22 4/29/22 5/25/23
1MAD in Million2MAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 12.4 32.3 9.03 29.7 59.4 101
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -35.2 53.2 14.9 65 71 55.2
ROE (net income / shareholders' equity) 47.5% 49.7% 49.5% 49.1% 48.6% 44.4%
ROA (Net income/ Total Assets) 11% 12.2% 13.6% 14.4% 14.7% 12.2%
Assets 1 383.4 376.2 353.2 347.7 354.8 466.4
Book Value Per Share - - - - - -
Cash Flow per Share - - - - - -
Capex 1 1.42 2.82 3.12 - - -
Capex / Sales 1.25% 2.39% 2.44% - - -
Announcement Date 3/26/18 3/29/19 3/23/20 4/29/22 4/29/22 5/25/23
1MAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA