Financials Microdata S.A.

Equities

MIC

MA0000012163

IT Services & Consulting

End-of-day quote Casablanca S.E. 03:30:00 05/07/2024 am IST 5-day change 1st Jan Change
649.9 MAD +0.06% Intraday chart for Microdata S.A. +0.06% +8.32%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 446.8 789.6 974.4 1,141 910.2 252
Enterprise Value (EV) 1 481.7 781.5 964.5 1,184 950.6 267.6
P/E ratio 9.01 x 13.4 x 15.2 x 25 x 5.34 x 4.41 x
Yield 7.52% 6.38% 5.69% 3.98% 4.61% 5.67%
Capitalization / Revenue 0.86 x 1.19 x 1.44 x 2.02 x 1.31 x 0.34 x
EV / Revenue 0.92 x 1.18 x 1.42 x 2.1 x 1.37 x 0.36 x
EV / EBITDA - - 95,58,646 x 1,52,25,265 x 90,42,360 x 29,30,916 x
EV / FCF -14.3 x - 19.3 x 350 x 13.9 x 4.26 x
FCF Yield -7.01% - 5.19% 0.29% 7.2% 23.5%
Price to Book 3.17 x 4.75 x 5.42 x 6.71 x 1.36 x 1.38 x
Nbr of stocks (in thousands) 1,680 1,680 1,680 1,680 1,680 420
Reference price 2 266.0 470.0 580.0 679.0 541.8 600.0
Announcement Date 03/06/19 28/04/20 29/04/21 25/04/22 26/04/23 30/04/24
1MAD in Million2MAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 521.1 664.7 679 563.6 694.8 751.2
EBITDA - - 100.9 77.74 105.1 91.31
EBIT 1 80.91 90.68 99.94 76.73 104.1 90.43
Operating Margin 15.53% 13.64% 14.72% 13.61% 14.99% 12.04%
Earnings before Tax (EBT) 1 70.54 84.4 94.39 67.21 62.68 80.47
Net income 1 49.59 58.86 64.12 45.56 42.61 57.2
Net margin 9.52% 8.86% 9.44% 8.08% 6.13% 7.62%
EPS 2 29.52 35.04 38.17 27.12 101.5 136.2
Free Cash Flow 1 -33.76 - 50.05 3.385 68.42 62.84
FCF margin -6.48% - 7.37% 0.6% 9.85% 8.37%
FCF Conversion (EBITDA) - - 49.6% 4.35% 65.08% 68.82%
FCF Conversion (Net income) - - 78.06% 7.43% 160.56% 109.85%
Dividend per Share 2 20.00 30.00 33.00 27.00 25.00 34.00
Announcement Date 03/06/19 28/04/20 29/04/21 25/04/22 26/04/23 30/04/24
1MAD in Million2MAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 34.9 - - 42.9 40.4 15.6
Net Cash position 1 - 8.11 9.93 - - -
Leverage (Debt/EBITDA) - - - 0.552 x 0.3842 x 0.171 x
Free Cash Flow 1 -33.8 - 50 3.38 68.4 62.8
ROE (net income / shareholders' equity) 38.2% 38.4% 37.1% 26.1% 25.3% 32.7%
ROA (Net income/ Total Assets) 14.8% 14.4% 15.3% 11.8% 16.1% 14.8%
Assets 1 334.2 408.7 418.4 385.7 263.9 386.3
Book Value Per Share 2 83.80 98.90 107.0 101.0 398.0 434.0
Cash Flow per Share 2 36.60 40.80 47.10 31.30 73.10 153.0
Capex 1 1.16 - 0.4 0.42 0.24 0.25
Capex / Sales 0.22% - 0.06% 0.07% 0.03% 0.03%
Announcement Date 03/06/19 28/04/20 29/04/21 25/04/22 26/04/23 30/04/24
1MAD in Million2MAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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