Company Valuation: SALAFIN

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,417 2,124 1,781 1,625 1,712 1,656
Change - 49.97% -16.18% -8.77% 5.38% -3.28%
Enterprise Value (EV) 1 3,283 4,038 3,525 3,123 3,046 3,236
Change - 22.98% -12.71% -11.41% -2.44% 6.22%
P/E -96.2x 25.2x 21.1x 17.9x 18.3x 17.1x
PBR 1.49x 2.28x 2.08x 1.88x 1.97x 1.9x
PEG - -0x 813,857.14x 2.42x 5.31x 5.13x
Capitalization / Revenue 2.47x 2.96x 2.5x 2.28x 2.53x 2.4x
EV / Revenue 5.73x 5.63x 4.96x 4.39x 4.5x 4.69x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - 26.55 13.5 14.25 14.75 30
Rate of return - 3.9% 2.37% 2.74% 2.69% 5.66%
EPS 2 -5 27 27 29 30 31
Distribution rate - 98.3% 50% 49.1% 49.2% 96.8%
Net sales 1 572.7 717.2 711.1 711.9 677.7 689.7
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 -16.37 84.73 85.75 90.58 93.15 96.12
Net Debt 1 1,867 1,914 1,744 1,498 1,334 1,580
Reference price 2 481.00 680.00 570.00 520.00 548.00 530.00
Nbr of stocks (in thousands) 2,945 3,124 3,124 3,124 3,124 3,124
Announcement Date 11/05/21 15/01/22 27/04/23 30/04/24 30/04/25 30/04/26
1MAD in Million2MAD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.58x16.91x - 0.68% 69.69B
42.43x4.85x16.4x-.--% 39.81B
25.38x5.15x25.49x0.08% 32.77B
8.5x1.99x3.74x1.6% 26B
17.39x11.99x23.29x1.15% 25.8B
30.47x4.18x12.55x-.--% 23.53B
22.66x22.6x - 0.23% 16.49B
23.23x18.8x44.37x0.16% 16.54B
Average 24.45x 10.81x 20.97x 0.49% 31.33B
Weighted average by Cap. 25.72x 10.70x 19.55x 0.51%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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