AFMA (CAS:AFM) Dividend Payout Ratio: 1.88 (As of Dec. 2025) — 114% Above Median


CAS:AFM AFMA SA CAS:AFM
84 GF Score
Price MAD1,240.00
GF Value MAD1,572.88
Valuation Modestly Undervalued
! 4 Warning Signs
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What is AFMA Dividend Payout Ratio?

AFMA CAS:AFM 84 Dividend Payout Ratio is 1.88 as of Dec. 2025, which is 114% above its 10-year median of 0.88. 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 335 Insurance companies, AFMA ranks worse than 78.81% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. AFMA's Dividend Payout Ratio for the months ended in Dec. 2025 was 1.88.

The historical rank and industry rank for AFMA's Dividend Payout Ratio or its related term are showing as below:

CAS:AFM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.7   Med: 0.88   Max: 1.1
Current: 0.7

During the past 11 years, the highest Dividend Payout Ratio of AFMA was 1.10. The lowest was 0.70. And the median was 0.88.

CAS:AFM's Dividend Payout Ratio is ranked worse than
78.81% of 335 companies
in the Insurance industry
Industry Median: 0.38 vs CAS:AFM: 0.70

As of today (2026-06-25), the Dividend Yield % of AFMA is 4.84%.

During the past 11 years, the highest Trailing Annual Dividend Yield of AFMA was 6.46%. The lowest was 3.16%. And the median was 4.54%.

AFMA's Dividends per Share for the months ended in Dec. 2025 was MAD60.00.

During the past 12 months, AFMA's average Dividends Per Share Growth Rate was 9.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.10% per year.

During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of AFMA was 5.40% per year. The lowest was -6.20% per year. And the median was 0.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

AFMA (CAS:AFM) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

AFMA Dividend Payout Ratio Related Terms

AFMA Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for AFMA's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

AFMA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.88 0.85 0.72 0.70

AFMA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio 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 2.48 0.00 2.15 0.00 1.88

CAS:AFM vs MRSH, AON, AJG: Dividend Payout Ratio Comparison

For the Insurance Brokers subindustry, AFMA's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, AFMA's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where AFMA's Dividend Payout Ratio falls into.


CAS:AFM
84GF Score
AFMA SA CAS:AFM
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AFMA Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

AFMA's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=60/ 85.525
=0.70

AFMA's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=60/ 31.933
=1.88

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.88 mean?
AFMA (CAS:AFM) has a Dividend Payout Ratio of 1.88 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on AFMA and its competitors. This is 114% above median its historical median of 0.88. Over the past decade, AFMA's Dividend Payout Ratio has ranged from 0.70 to 1.10. According to the industry distribution chart, AFMA ranks #264 out of 335 companies in the Insurance industry, placing it in the top 78.8%.
Is AFMA's Dividend Payout Ratio too high?
AFMA's current Dividend Payout Ratio of 1.88 is 114% above median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 1.10. The Insurance industry median Dividend Payout Ratio is 0.38. AFMA's value of 1.88 is 394.7% above this industry median. Based on the distribution chart, AFMA ranks #264 out of 335 companies in the Insurance industry, which is in the bottom quartile 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 Dividend Payout Ratio compare to MRSH and AON?
According to the Insurance industry distribution chart, AFMA ranks #264 out of 335 companies for Dividend Payout Ratio. This places AFMA in the lower half of its industry. The industry median Dividend Payout Ratio is 0.38. AFMA's value of 1.88 is 394.7% above this benchmark. Historically, AFMA's own Dividend Payout Ratio has ranged from 0.70 to 1.10 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 0.38, 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 Dividend Payout Ratio for an Insurance company?
The median Dividend Payout Ratio among Insurance companies is 0.38, based on 335 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AFMA's current Dividend Payout Ratio of 1.88 is 394.7% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on AFMA and its competitors. For the Insurance industry, the median Dividend Payout Ratio is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AFMA's current Dividend Payout Ratio is 1.88, which is 114% above median its own 10-year median of 0.88. 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 Dividend Payout Ratio is 1.88, which is 114% above median its 10-year median of 0.88 and 394.7% above the Insurance industry median of 0.38. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For AFMA (CAS:AFM), the current Dividend Payout Ratio is 1.88 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:

  • Dividend Payout Ratio: 1.88 (114% above median its 10-year median of 0.88)
  • GF Value™: MAD1,572.88 vs. price of MAD1,240.00 (21.2% below fair value)
  • GF Score™: 84/100 with 4 warning signs
  • Industry Position: 394.7% above the Insurance median (#264 of 335)

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.
84GF Score

Get the complete analysis for CAS:AFM

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD1,240.00
Price
MAD1,572.88
GF Value