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SALAFIN (Groupe BMCE) (CAS:SLF) Intrinsic Value: Projected FCF

: MAD672.63 (As of Today)
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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 (2023-03-27), SALAFIN (Groupe BMCE)'s Intrinsic Value: Projected FCF is MAD672.63. The stock price of SALAFIN (Groupe BMCE) is MAD603.10. Therefore, SALAFIN (Groupe BMCE)'s Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

The historical rank and industry rank for SALAFIN (Groupe BMCE)'s Intrinsic Value: Projected FCF or its related term are showing as below:

CAS:SLF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.46   Med: 0.93   Max: 1.47
Current: 0.9

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of SALAFIN (Groupe BMCE) was 1.47. The lowest was 0.46. And the median was 0.93.

CAS:SLF's Price-to-Projected-FCF is ranked worse than
58.51% of 282 companies
in the Credit Services industry
Industry Median: 0.67 vs CAS:SLF: 0.90

SALAFIN (Groupe BMCE) Intrinsic Value: Projected FCF Historical Data

The historical data trend for SALAFIN (Groupe BMCE)'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.

* Premium members only.

SALAFIN (Groupe BMCE) Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Intrinsic Value: Projected FCF
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,284.64 611.61 700.13 565.53 672.63

SALAFIN (Groupe BMCE) Semi-Annual Data
Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
Intrinsic Value: Projected FCF 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 Premium Member Only Premium Member Only Premium Member Only - 565.53 - 672.63 -

Competitive Comparison

For the Credit Services subindustry, SALAFIN (Groupe BMCE)'s Intrinsic Value: Projected FCF, along with its competitors' market caps and Intrinsic Value: 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.

   

SALAFIN (Groupe BMCE) Intrinsic Value: Projected FCF Distribution

For the Credit Services industry and Financial Services sector, SALAFIN (Groupe BMCE)'s Intrinsic Value: Projected FCF distribution charts can be found below:

* The bar in red indicates where SALAFIN (Groupe BMCE)'s Intrinsic Value: Projected FCF falls in comparison to its industry or sector. The grey bar indicates the Intrinsic Value: Projected FCF's extreme value range as defined by GuruFocus.



SALAFIN (Groupe BMCE) Intrinsic Value: Projected FCF Calculation

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.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get SALAFIN (Groupe BMCE)'s Free Cash Flow(6 year avg) = MAD143.29.

SALAFIN (Groupe BMCE)'s Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec21)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*143.28542857143+933.246*0.8)/3.138
=672.63

* 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.


SALAFIN (Groupe BMCE)  (CAS:SLF) Intrinsic Value: Projected FCF Explanation

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.

SALAFIN (Groupe BMCE)'s Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=603.10/672.63367067511
=0.90

* 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.


SALAFIN (Groupe BMCE) Intrinsic Value: Projected FCF Related Terms

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SALAFIN (Groupe BMCE) (CAS:SLF) Business Description

SALAFIN (Groupe BMCE) logo
Traded in Other Exchanges
N/A
Address
Immeuble Zenith Millenium 8, Sidi Maarouf, Casablanca, MAR
SALAFIN (Groupe BMCE) is a Morocco-based company. It is a finance company. It offers consumer credit services. The company operates through various business segments that are Personal Credit, which include personal loan, and mortgage credit; Auto Financing, which provides car loans; and Revolving Credit.

SALAFIN (Groupe BMCE) (CAS:SLF) Headlines