CTM-CL Final - Bourse de Casablanca

Compagnie de Transports au Maroc SA (Casablanca:CTM)
Compagnie de Transports au Maroc SA
Address: Km 13.5 Autoroute de
Casa-Rabat Casablanca
Tel:
+212 22 762100
Fax:
+212 22 765428
Website: www.ctm.ma
IR tel:
+212 0522 75 36 58
IR contact: Meriem Naji/ Khadija Mantih
IR Email: [email protected]
Compagnie de Transport au Maroc (CTM) SA is a Morocco-based company primarily
engaged in the provision of transportation services. The Company’s operations revolve
around three divisions, including passenger conveyance, both local and international, travel
agency and mail delivery services. It operates a fleet of approximately 40 buses. Compagnie
de Transport au Maroc SA is listed on the Casablanca Stock Exchange.
ISIN Code
Close (MAD) (18-May-2010)
SEDOL
MA0000010340
345.00
6213211
Relative % Change
5 days
1 Month
3 Months
6.15
7.18
30.19
CTM
CTM Vs Index
4.15
3.24
15.03
YTD
37.56
1 Year
2.99
15.64
-8.17
(Casablanca Stock Exchange)
Historical Price data
360
Officers & Directors Overview
Current Position
Name
Mohamed Bouda
Chairman of the Board,
Managing Director
Meriem Naji
Administrative and Financial
Director
Director Since
--
Officer Since
340
--
320
300
---
280
Dividend Overview/Detail
260
Announcement Date
Ex. Date
Pay Date
Payment Type
Record Date
27-Mar-2009 (Final)
27-Mar-2009 (Extra)
31-Mar-2008
28-May-2007
27-Aug-2009
27-Aug-2009
-3-Sep-2007
7-Sep-2009
7-Sep-2009
30-Apr-2008E
03-Sep-2007
Cash Dividend
Cash Dividend
Cash Dividend
Cash Dividend
27-Aug-2009
27-Aug-2009
---
240
8
6
4
2
0
Dec-29
Jan-12
Jan-26
Feb-09
Feb-23
Mar-09
Mar-23
Apr-06
Apr-20
May-04
May-18
Consensus Analysis
1
Net Profit (Pre Except)
EPS Profit (Pre Except)1
(Dec 2009)
(Dec 2009)
CFPS
(Dec 2009)
DPS
(Dec 2009)
Consensus Rec.
1
Current
10.10
1mo ago
10.10
2mo ago
10.10
Financial Reports
2009
Fiscal Period
31-Dec-2009
Period End Date:
Source:
PRESS
Income Statement - Annual - Standardised in Millions of MAD
3mo ago
10.10
8.20
8.20
8.20
8.20
63.10
63.10
63.10
63.10
10.00
10.00
10.00
10.00
HOLD(3.00)
HOLD(3.00)
HOLD(3.00)
HOLD(3.00)
Primary Earnings Type
Cash Flow (Indirect)- Annual-Standardised in Millions of MAD
Fiscal Period
2008
2007
2006
ARS
ARS
ARS
Source:
Cash from Operating Activities
-14.05
67.50
47.38
Cash from Investing Activities
53.56
-23.51
-9.85
Cash from Financing Activities
-37.50
-43.19
-38.63
Net Change in Cash
2.01
0.81
-1.11
Top Shareholders
% of
Filing
% of
Name
Shares
O/S
Date
Change
30-Jun-2009
RMA Watanya
589,093
48.05
0.00
30-Jun-2009
Joummani Group
281,980
23.00
0.00
30-Jun-2009
Asma Invest
61,300
5.00
0.00
Parametric Portfolio Associates LLC
0.00 30-Sep-2009
-100.00
Top Shareholders Total:
932,373
Ownership Breakdown
Investor Type
Investors
% Shares Outstanding
Investment Managers
2
5.00
Brokerage Firms
0
0.00
Strategic Entities
2
71.05
Holding Companies
0.00
0
Corporations
2
71.05
Individuals
0
0.00
Government Agency
0
0.00
Total - All Holders:
4
76.05
408.07
Total Revenue
240.50
Gross Profit
369.73
Total Operating Expense
38.34
Operating Income
21.03
Net Income
Balance Sheet (Differentiates) - Annual - Standardised in Millions of MAD
227.58
Total Current Assets
545.62
Total Assets
141.74
Total Current Liabilities
287.24
Total Liabilities
258.39
Total Equity
545.63
% of Total Liabilities & Shareholders' Equity
Port.
Key Ratios
1.89
100.00 Return on Equity %
10.60 BVPS (MAD)
7.25 Quick Ratio
20.05 Return on Total Assets %
3.51 Total Assets/Equity
0.00 Operating Margin %
Beta (Unleveraged)
0.46 Total Liab/Equity
Earnings Yld %
- Credit Rating
Price to Book
1.38
Index Comparison
*Top Constituents Currency:MAD
Dividend
ROE
DPS
Name
Yield %
%
Financial Summary
For the fiscal year ended 31 December 2009, Compagnie de Transport au Maroc's total revenue increased 7% to
MAD408.1M. Net income for the period decreased 49% to MAD21M. Net income for the period was offset by
increased personnel charges as well as by significantly lower non-current income.
Analyst Coverage
EAFE LEISURE & TOURISM
2.25
-53.49%
2
Price Performance
345.00
Closing Price (MAD)
380.00
52 wk High (MAD) (10-Aug-2009)
240.00
52 wk Low (MAD) (14-Jan-2010)
7.18
% Change 1 Month Ago 30.19
% Change 3 Months Ago 23.21
% Change 6 Months Ago 2.99
% Change 1 Year Ago
Industry:
Consensus Rec:
Current Growth Rate:
Average Analyst Count:
2008
31-Dec-2008
PRESS
CTM
Maroc Telecom
Attijariwafa Bnk
Bq Ma Com Exteri
Lafarge Ciments
Compagnie Genera
Addoha
ONA
Societe National
Bq Cent Populair
CIMAR
Ste Cen Laitiere
BMCI
Holcim Maroc
Sonasid
Alliances Immo
Wafa Assurance
SAMIR
CIH
Brasseries du Ma
Credit du Maroc
Cosumer
Cnie d'Ass et de
Auto Hall
Afriquia Gaz
11.59
6.34
1.58
1.20
3.29
0.79
1.25
2.16
1.77
1.75
2.36
4.16
4.86
3.51
2.67
0.76
1.70
5.10
9.89
3.50
5.24
3.91
3.27
5.13
10.60
50.77
18.63
14.94
30.02
10.03
23.73
17.74
22.29
13.42
20.19
50.56
10.55
28.46
14.19
14.59
28.03
-3.60
15.14
20.38
15.70
20.49
6.11
12.80
16.29
40.00
10.31
5.00
3.00
66.00
15.00
1.50
35.00
33.00
5.75
55.00
555.00
50.00
86.00
66.00
6.00
45.00
18.00
272.00
30.00
86.00
3.50
3.50
70.00
2007
31-Dec-2007
ARS
380.31
221.91
292.30
88.01
41.44
315.12
163.25
284.54
30.58
20.58
261.29
580.01
154.67
293.62
286.40
580.02
160.88
450.63
110.20
155.53
295.10
450.63
251.35
1.61
1.46
0.46
-
Price/
Book
Price/
Sales
1.37
7.70
2.90
7.14
6.26
7.97
6.99
1.72
1.90
0.96
3.52
10.39
1.66
5.02
3.95
3.84
3.82
2.06
3.02
4.41
2.66
2.82
4.64
3.12
3.24
1.43
4.71
7.14
15.27
7.06
0.76
5.91
4.66
2.23
3.29
1.75
4.22
0.31
59.83
1.21
1.73
1.67
Source: Thomson Reuters
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Momentum (Median)
(MAD, M, Major)