Freight ServiceMarine TransportationLogisticsPorts and Harbors
Description
Société d'Exploitation des Ports is the leading port operator in Morocco. The robust operational framework allows the company to leverage its strategic geographic positioning to serve both local and international markets effectively.
Business Segmen…
Analysis
Hope premium
Société d'Exploitation des Ports is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 153.8×; owner earnings: the cash an owner could take out each year.
Growth is moderate; the safety picture is sturdy. The company scores 17/20 on our value-creation score: strong value creator.
Flags to be aware of: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202373
64
2023202420252026
All-time high
92
Jan 2024
All-time low
64
Mar 2026
Average rank
73
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
4
7
13
11
Price/Earnings
4
10
28
18
Price/Book
1
3
6
5
Dividend Yield
59
37
66
77
Value (overall)
26
11
20
26
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.