AFMA (CAS:AFM) EV-to-FCF: (As of Aug. 15, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CAS:AFM AFMA SA CAS:AFM
87 GF Score
Price MAD1,261.00
GF Value MAD1,578.75
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is AFMA EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, AFMA's Enterprise Value is MAD1,399.7 Mil. AFMA's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was MAD0.0 Mil. Therefore, AFMA's EV-to-FCF for today is .

The historical rank and industry rank for AFMA's EV-to-FCF or its related term are showing as below:

CAS:AFM' s EV-to-FCF Range Over the Past 10 Years
Min: -1343.4   Med: -25.89   Max: 1978.81
Current: -272.95

During the past 12 years, the highest EV-to-FCF of AFMA was 1978.81. The lowest was -1343.40. And the median was -25.89.

CAS:AFM's EV-to-FCF is ranked worse than
100% of 388 companies
in the Insurance industry
Industry Median: 9.05 vs CAS:AFM: -272.95

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-08-15), AFMA's stock price is MAD1261.00. AFMA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was MAD72.658. Therefore, AFMA's PE Ratio (TTM) for today is 17.36.


AFMA  (CAS:AFM) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

AFMA's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=1261.00/72.658
=17.36

AFMA's share price for today is MAD1261.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. AFMA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was MAD72.658.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


AFMA EV-to-FCF Related Terms


AFMA EV-to-FCF Historical Data

* Premium members only.

The historical data trend for AFMA's EV-to-FCF 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.

AFMA EV-to-FCF Chart

AFMA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,235.80 -43.89 393.21 36.18 -265.93

AFMA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 393.21 0.00 36.18 0.00 -265.93

CAS:AFM vs MRSH, AON, AJG: EV-to-FCF Comparison

For the Insurance Brokers subindustry, AFMA's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Insurance Industry

For the Insurance industry and Financial Services sector, AFMA's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where AFMA's EV-to-FCF falls into.


CAS:AFM
87GF Score
AFMA SA CAS:AFM
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AFMA EV-to-FCF Calculation

AFMA's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=1399.692/0
=

AFMA's current Enterprise Value is MAD1,399.7 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. AFMA's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was MAD0.0 Mil.

* 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.

Is AFMA (CAS:AFM) Overvalued in 2026?

Based on GuruFocus' analysis, AFMA stock appears to be undervalued. The current stock price of MAD1,261.00 is trading 20.1% below its estimated GF Value™ of MAD1,578.75. GuruFocus considers AFMA to be Modestly Undervalued.

Key valuation signals for CAS:AFM:

  • EV-to-FCF:
  • GF Value™: MAD1,578.75 vs. price of MAD1,261.00 (20.1% below fair value)
  • GF Score™: 87/100 with 4 warning signs

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 Business Description

Address 22, Moulay Youssef bd, Casablanca, MAR, 20 070
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.
87GF Score

Get the complete analysis for CAS:AFM

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD1,261.00
Price
MAD1,578.75
GF Value