TotalEnergies Marketing Maroc SA

TotalEnergies Marketing Maroc SA maintains a conservative capital structure with a debt-to-equity ratio of 0.31, indicating limited leverage relative to its equity base of 1,984.67 million MAD. The company holds 1,176.54 million MAD in cash and equivalents against long-term debt of 616.37 million MAD, resulting in a net cash position. However, liquidity is constrained by a current ratio of 0.89, suggesting that current liabilities exceed current assets, which aligns with the low liquidity risk assessment. Operating cash flow stands at 1,847.25 million MAD, providing a robust buffer despite negative free cash flow of -979.92 million MAD driven by capital expenditures of 541.13 million MAD.

Profitability metrics demonstrate strong returns on capital, with a return on equity (ROE) of 42.88% and a return on assets (ROA) of 10.31%. The company generated a gross profit of 2,762.22 million MAD on revenues of 15,126.70 million MAD, yielding a gross margin of approximately 18.3%. Operating income of 1,339.71 million MAD translates to an operating margin of roughly 8.9%, while net income of 851.08 million MAD results in a net margin of approximately 5.6%. These returns are supported by efficient asset utilization, as evidenced by the high ROE, although the absence of cohort median data prevents direct comparative analysis against industry peers.

The company maintains a conservative debt-to-equity ratio of 0.31, which is lower than the 0.36 cohort median.

Cash conversion of 2.17 exceeds the 1.05 cohort median, indicating superior efficiency in generating cash from earnings.

Long-term debt increased to 616 million MAD in the latest year, rising from 571 million MAD in the prior period.

The sole analyst recommendation is a sell, suggesting professional skepticism regarding the stock's future performance.

Revenue MAD 15.13B, −9,7% YoY; Operating income −0,0% YoY.

• ▍Revenue MAD 15.13B, −9,7% YoY
• ▍Operating income −0,0% YoY
• ▍Net income −8,9% YoY
• ▍Free cash flow −344,3% YoY
• ▍Net margin 5.6%

Revenue MAD 16.75B, −1,1% YoY; Operating income +219,7% YoY.

• ▍Revenue MAD 16.75B, −1,1% YoY
• ▍Operating income +219,7% YoY
• ▍Net income +1 759,1% YoY
• ▍Free cash flow +157,5% YoY
• ▍Net margin 5.6%

Revenue MAD 16.93B, −14,1% YoY; Operating income −42,6% YoY.

• ▍Revenue MAD 16.93B, −14,1% YoY
• ▍Operating income −42,6% YoY
• ▍Net income −89,7% YoY
• ▍Free cash flow −1 319,0% YoY
• ▍Net margin 0.3%

Revenue MAD 19.72B, +53,2% YoY; Operating income −44,3% YoY.

• ▍Revenue MAD 19.72B, +53,2% YoY
• ▍Operating income −44,3% YoY
• ▍Net income −47,8% YoY
• ▍Free cash flow −115,8% YoY
• ▍Net margin 2.5%

Revenue MAD 12.87B; Operating income MAD 1.31B.

• ▍Revenue MAD 12.87B
• ▍Operating income MAD 1.31B
• ▍Net margin 7.3%