Financials Crédit Immobilier et Hôtelier, Société Anonyme

Equities

CIH

MA0000011454

Banks

End-of-day quote Casablanca S.E. 23:00:00 25/04/2024 BST 5-day change 1st Jan Change
375 MAD +0.81% Intraday chart for Crédit Immobilier et Hôtelier, Société Anonyme 0.00% +6.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,469 7,223 9,602 9,278 10,729 11,445 - -
Enterprise Value (EV) 1 8,469 7,223 9,602 9,278 10,729 11,445 11,445 11,445
P/E ratio 19.8 x 91.1 x 15.9 x - - 15.1 x 13.9 x -
Yield 4.68% 3.14% 4.13% 4.61% - 4% 4.27% 4.8%
Capitalization / Revenue 3.39 x 2.62 x 3.09 x 2.64 x 2.4 x 2.42 x 2.24 x 2.06 x
EV / Revenue 3.39 x 2.62 x 3.09 x 2.64 x 2.4 x 2.42 x 2.24 x 2.06 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 28,325 28,325 28,325 30,520 30,520 30,520 - -
Reference price 2 299.0 255.0 339.0 304.0 351.6 375.0 375.0 375.0
Announcement Date 26/02/20 09/03/21 11/03/22 17/03/23 23/02/24 - - -
1MAD in Million2MAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,502 2,760 3,107 3,518 4,468 4,734 5,114 5,559
EBITDA - - - - - - - -
EBIT 1 691.8 1,064 1,389 1,657 2,477 1,401 1,555 -
Operating Margin 27.65% 38.55% 44.7% 47.11% 55.43% 29.59% 30.41% -
Earnings before Tax (EBT) - - 1,007 - - - - -
Net income 1 426.4 80.66 603 - - 761 825 919
Net margin 17.04% 2.92% 19.41% - - 16.08% 16.13% 16.53%
EPS 2 15.10 2.800 21.30 - - 24.90 27.00 -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 14.00 8.000 14.00 14.00 - 15.00 16.00 18.00
Announcement Date 26/02/20 09/03/21 11/03/22 17/03/23 23/02/24 - - -
1MAD in Million2MAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 8.69% 1.61% 11.8% 11.3% - 10.9% 11.3% 11.9%
ROA (Net income/ Total Assets) - 0.1% 0.62% - - - - -
Assets 1 - 82,385 97,992 - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 26/02/20 09/03/21 11/03/22 17/03/23 23/02/24 - - -
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

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
375 MAD
Average target price
372 MAD
Spread / Average Target
-0.80%
Consensus

Annual profits - Rate of surprise

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