Valuation Société d'Exploitation des Ports

Stocks

End-of-day quote Casablanca S.E. Other stock markets 12/06/2026			5-day change	1st Jan Change
815.00 ^MAD	+1.86%		-0.65%	-14.21%

30/04	Société d'Exploitation des Ports Reports Earnings Results for the Full Year Ended December 31, 2025	CI
16/12	Moroccan port operator Marsa Maroc to buy 45% stake in Boluda Maritime Terminals	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Market Cap ¹	15,413	20,543	15,853	20,404	39,340	59,817	59,817	-
Change	-	33.29%	-22.83%	28.7%	92.81%	52.05%	0%	-
Enterprise Value (EV) ¹	15,413	22,048	15,853	20,428	38,548	68,973	61,116	62,524
Change	-	43.05%	-28.09%	28.86%	88.7%	78.93%	-0.34%	2.3%
P/E Ratio	52.8x	30.8x	-	23.9x	31.1x	43.9x	31.5x	26.1x
PBR	-	-	-	-	-	-	-	-
PEG	-	0x	-	-	0.6x	1.7x	1.3x	1.3x
Capitalization / Revenue	5.59x	5.72x	4.01x	4.72x	7.86x	12.1x	8.96x	7.25x
EV / Revenue	5.59x	6.14x	4.01x	4.73x	7.7x	11.9x	9.15x	7.58x
EV / EBITDA	-	-	8.41x	9.8x	14.7x	21.6x	16.4x	13.6x
EV / EBIT	-	19.5x	-	13.1x	18.5x	26.9x	20.8x	17.4x
EV / FCF	-	111x	-	19.3x	-	-146x	-368x	-558x
FCF Yield	-	0.9%	-	5.17%	-	-0.68%	-0.27%	-0.18%
Dividend per Share ²	8	-	-	8.5	9.5	11	12.75	14.5
Rate of return	3.81%	-	-	3.06%	1.77%	1.16%	1.56%	1.78%
EPS ²	3.98	9.08	-	11.61	17.26	21.65	25.9	31.25
Distribution rate	201%	-	-	73.2%	55%	50.8%	49.2%	46.4%
Net sales ¹	2,757	3,592	3,949	4,320	5,008	5,785	6,678	8,249
EBITDA ¹	-	-	1,884	2,084	2,624	3,192	3,728	4,586
EBIT ¹	-	1,129	-	1,555	2,088	2,562	2,942	3,592
Net income ¹	-	666.4	-	852	1,267	1,589	1,900	2,294
Net Debt ¹	-	1,504	-	24	-792	-753	1,299	2,707
Reference price ²	210.00	279.90	216.00	278.00	536.00	815.00	815.00	815.00
Nbr of stocks (in thousands)	73,396	73,396	73,396	73,396	73,396	73,396	73,396	-
Announcement Date	30/04/21	27/04/22	20/04/23	13/02/24	12/02/25	17/02/26	-	-

¹MAD in Million²MAD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
SOCIÉTÉ D'EXPLOITATION DES PORTS	38.28x	10.37x	19x	1.22%	633.1Cr
ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED	27.06x	10.12x	17.27x	0.54%	4.3TCr
SHANGHAI INTERNATIONAL PORT (GROUP) CO., LTD.	8.72x	3.22x	9.52x	3.82%	1.71TCr
MISC	14.28x	3.33x	8.43x	4.58%	901.02Cr
QINGDAO PORT INTERNATIONAL CO., LTD.	7.65x	-	-	5.56%	839.09Cr
CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED	7.72x	5.63x	9.84x	6.13%	740.3Cr
CHINA MERCHANTS PORT GROUP CO., LTD.	10.72x	-	-	-	720.23Cr
QUBE HOLDINGS LIMITED	29.33x	2.49x	18.72x	2.08%	629.93Cr
WESTPORTS HOLDINGS	17.49x	6.69x	11.05x	4.23%	503.56Cr
Average	17.92x	5.98x	13.40x	3.52%	1.22TCr
Weighted average by Cap.	19.64x	7.19x	14.31x	2.57%