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AFMACAS:AFM 87 Intrinsic Value: Projected FCF is MAD142.74 as of Aug. 14, 2026, which is 100% below its 10-year median of 20.54. GuruFocus rates CAS:AFM with a GF Score™ of 87/100 and a GF Value™ of MAD1,592.05 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 396 Insurance companies, AFMA ranks worse than 98.99% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-08-14), AFMA's Intrinsic Value: Projected FCF is MAD142.74. The stock price of AFMA is MAD1261.00. Therefore, AFMA's Price-to-Intrinsic-Value-Projected-FCF of today is 8.8.
The historical rank and industry rank for AFMA's Intrinsic Value: Projected FCF or its related term are showing as below:
CAS:AFM'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 8.58 Med: 20.54 Max: 57.85
Current: 8.83
During the past 12 years, the highest Price-to-Intrinsic-Value-Projected-FCF of AFMA was 57.85. The lowest was 8.58. And the median was 20.54.
CAS:AFM's Price-to-Projected-FCF is ranked worse than 98.99% of 396
companies
in the Insurance industry
Industry Median: 0.76
vs CAS:AFM: 8.83
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
AFMA's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
1261.00
/
192.16095057367
=
6.56
* 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 Intrinsic Value: Projected FCF Related Terms
AFMA Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for AFMA's Intrinsic Value: Projected 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.
CAS:AFM vs MRSH, AON, AJG: Intrinsic Value: Projected FCF Comparison
For the Insurance Brokers subindustry, AFMA's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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 Price-to-Projected-FCF vs Insurance Industry
For the Insurance industry and Financial Services sector, AFMA's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where AFMA's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of MAD142.74 mean?
AFMA (CAS:AFM) has a Intrinsic Value: Projected FCF of MAD142.74 as of Aug. 14, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on AFMA and its competitors. This is 595% above median its historical median of 20.54. Over the past decade, AFMA's Intrinsic Value: Projected FCF has ranged from 8.58 to 57.85. According to the industry distribution chart, AFMA ranks #392 out of 396 companies in the Insurance industry, placing it in the top 99%.
Is AFMA's Intrinsic Value: Projected FCF too high?
AFMA's current Intrinsic Value: Projected FCF of MAD142.74 is 595% above median its 10-year median of 20.54. Over the past 10 years, this metric has ranged from a low of 8.58 to a high of 57.85. Based on the distribution chart, AFMA ranks #392 out of 396 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, AFMA has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AFMA's Intrinsic Value: Projected FCF compare to MRSH and AON?
According to the Insurance industry distribution chart, AFMA ranks #392 out of 396 companies for Intrinsic Value: Projected FCF. This places AFMA in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.76. Historically, AFMA's own Intrinsic Value: Projected FCF has ranged from 8.58 to 57.85 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Insurance company?
The median Intrinsic Value: Projected FCF among Insurance companies is 0.76, based on 396 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on AFMA and its competitors. For the Insurance industry, the median Intrinsic Value: Projected FCF is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AFMA's current Intrinsic Value: Projected FCF is MAD142.74, which is 595% above median its own 10-year median of 20.54. 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 MAD1,592.05, compared to a current price of MAD1,261.00 — trading 20.8% below its estimated fair value. The current Intrinsic Value: Projected FCF is MAD142.74, which is 595% above median its 10-year median of 20.54. AFMA's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For AFMA (CAS:AFM), the current Intrinsic Value: Projected FCF is MAD142.74 as of Aug. 14, 2026. 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 MAD1,261.00 is trading 20.8% below its estimated GF Value™ of MAD1,592.05.
GuruFocus considers AFMA to be Modestly Undervalued.
Key valuation signals for CAS:AFM:
Intrinsic Value: Projected FCF: MAD142.74 (595% above median its 10-year median of 20.54)
GF Value™: MAD1,592.05 vs. price of MAD1,261.00 (20.8% below fair value)
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.
87GF Score
Get the complete analysis for CAS:AFM
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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