AFMACAS:AFM 84 Days Payable is 2,375.53 as of Dec. 2025, which is 21% above its 10-year median of 1,967.55. GuruFocus rates CAS:AFM with a GF Score™ of 84/100 and a GF Value™ of MAD1,572.88 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 53 Insurance companies, AFMA ranks better than 94.34% on this metric.
AFMA's average Accounts Payable for the
six
months ended in Dec. 2025 was MAD1,025.0 Mil. AFMA's Cost of Goods Sold for the
six
months ended in Dec. 2025 was MAD78.7 Mil.
Hence, AFMA's Days Payable for the
six
months ended in Dec. 2025 was 2,375.53.
The historical rank and industry rank for AFMA's Days Payable or its related term are showing as below:
CAS:AFM'
s Days Payable Range Over the Past 10 Years
Min: 1613.61 Med: 1967.55 Max: 2265.5
Current: 2265.5
During the past 11 years, AFMA's highest Days Payable was 2265.50. The lowest was 1613.61. And the median was 1967.55.
CAS:AFM's Days Payable is ranked better than 94.34% of 53
companies
in the Insurance industry
Industry Median: 59.72
vs CAS:AFM: 2265.50
AFMA's Days Payable
increased
from Dec. 2024 (2,089.43) to Dec. 2025 (2,375.53).
It may suggest that AFMAdelayed paying its suppliers.
AFMA Days Payable Related Terms
AFMA Days Payable Historical Data
* Premium members only.
The historical data trend for AFMA's Days Payable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CAS:AFM vs MRSH, AON, AJG: Days Payable Comparison
For the Insurance Brokers subindustry, AFMA's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
AFMA Days Payable vs Insurance Industry
For the Insurance industry and Financial Services sector, AFMA's Days Payable distribution charts can be found below:
* The bar in red indicates where AFMA's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
AFMA's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
AFMA (CAS:AFM) has a Days Payable of 2,375.53 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on AFMA and its competitors. This is 21% above median its historical median of 1,967.55. Over the past decade, AFMA's Days Payable has ranged from 1,613.61 to 2,265.50. According to the industry distribution chart, AFMA ranks #3 out of 53 companies in the Insurance industry, placing it in the top 5.7%.
Is AFMA's Days Payable too high?
AFMA's current Days Payable of 2,375.53 is 21% above median its 10-year median of 1,967.55. Over the past 10 years, this metric has ranged from a low of 1,613.61 to a high of 2,265.50. The Insurance industry median Days Payable is 59.72. AFMA's value of 2,375.53 is 3877.8% above this industry median. Based on the distribution chart, AFMA ranks #3 out of 53 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, AFMA has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AFMA's Days Payable compare to MRSH and AON?
According to the Insurance industry distribution chart, AFMA ranks #3 out of 53 companies for Days Payable. This places AFMA in the top 6% of its industry — outperforming the majority of peers. The industry median Days Payable is 59.72. AFMA's value of 2,375.53 is 3877.8% above this benchmark. Historically, AFMA's own Days Payable has ranged from 1,613.61 to 2,265.50 over the past decade. While the company's 10-year median is 1,967.55 vs. the industry median of 59.72, AFMA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Insurance company?
The median Days Payable among Insurance companies is 59.72, based on 53 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AFMA's current Days Payable of 2,375.53 is 3877.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on AFMA and its competitors. For the Insurance industry, the median Days Payable is 59.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AFMA's current Days Payable is 2,375.53, which is 21% above median its own 10-year median of 1,967.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AFMA stock overvalued right now?
Based on GuruFocus' analysis, AFMA (CAS:AFM) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD1,572.88, compared to a current price of MAD1,240.00 — trading 21.2% below its estimated fair value. The current Days Payable is 2,375.53, which is 21% above median its 10-year median of 1,967.55 and 3877.8% above the Insurance industry median of 59.72. AFMA's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For AFMA (CAS:AFM), the current Days Payable is 2,375.53 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is AFMA (CAS:AFM) Overvalued in 2026?
Based on GuruFocus' analysis, AFMA stock appears to be undervalued.
The current stock price of MAD1,240.00 is trading 21.2% below its estimated GF Value™ of MAD1,572.88.
GuruFocus considers AFMA to be Modestly Undervalued.
Key valuation signals for CAS:AFM:
Days Payable: 2,375.53 (21% above median its 10-year median of 1,967.55)
GF Value™: MAD1,572.88 vs. price of MAD1,240.00 (21.2% below fair value)
Industry Position: 3877.8% above the Insurance median (#3 of 53)
No single metric tells the full story. See the CAS:AFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AFMA SA provides insurance brokerage services in Morocco. It offers insurance products including Damage Insurance, Insurance Operating Losses, Civil Responsibilities, Car insurance, Transport Insurance, Construction-Related Insurance, Insurance of Persons and Credit insurance. It provides insurance services to both individuals and corporate clients.
84GF Score
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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