CGI Stock Guide 20.02.2015

Stock Guide
20/02/2015
Multiples Prix de l'action
Nbre
d'actions
COURS
Rdt
2012(%)
Rdt
2013(%)
Rdt
2014(%)
Rdt
2015(%)
Agro-alimentaire
SFBT
ELBENE INDUSTRIE
SOPAT
LAND OR
DELICE HOLDING
CREAL
MONOPRIX
90,000
10,000
12,994
4,700
54,907
4,920
27.000
3.910
2.880
6.600
16.880
6.660
25%
-6%
-30%
nc
nc
nc
17%
-19%
-29%
-1%
nc
nc
112%
16%
63%
-27%
4%
0%
20%
-5%
-4%
22%
11%
-2%
2 430.0
39.1
37.4
31.0
926.8
32.8
11,481
16,641
31.370
19.800
27%
28%
-16%
-15%
9%
-3%
-2%
-10%
360.2
329.5
4,462
8.100
nc
nc
16%
-1%
36.1
225.000
59.990
33.960
-6%
18%
48%
-24%
35%
-2%
-11%
61%
-2%
-4%
2%
-11%
TPR
5,366
45,000
4.080
4.160
13%
-8%
-17%
-7%
-36%
5%
-3%
-3%
SOTUVER
20,803
5.150
46%
-10%
-11%
EURO-CYCLES
5,400
18.600
nc
-16%
88%
SAH
34,825
11.500
nc
nc
42%
SOTIPAPIER
23,950
4.600
nc
nc
5%
ICF
SOTEMAIL
CIMENTS DE BIZERTE
CARTHAGE CEMENT
MPBS
GIF-FILTER
STIP
ENNAKL AUTOMOBILES
City Cars
SIMPAR
SITS
SIAME
SOTETEL
SERVICOM
SOTRAPIL
SOTUMAG
STEQ
POULINA GP HOLDING
TAWASOL GP HOLDING
Maghreb Intern Pub
Syphax Airlines
0.650
0.600
0.000
0.000
0.138
2.4%
0.0%
0.0%
0.0%
0.0%
4.3%
450.4
367.3
0.559
0.563
0.418
0.570
0.000
0.600
0.000
0.600
0.0%
3.0%
41.8
0.563
0.310
-
0.130
1.6%
272.5
116.8
71.3
ROA (%)
27.8
28.5
7.8
27.9%
9.8%
21.0
53.5
ns
11.9
33.3
19.2
25.2
51.0
ns
14.4
37.1
18.9
7.6
1.8
9.8
1.8
8.6
5.9
43.5%
3.6%
ns
14.1%
32.5%
46.0%
22.7%
0.9%
ns
3.1%
7.6%
14.5%
57.4
55.8
6.4
14.7%
2.8%
76.2
38.6
75.0
34.7
7.2
5.5
10.6%
18.9%
1.3%
4.4%
26.3
26.2
7.2
38.2%
6.0%
26.3
26.2
7.2
38.2%
6.0%
19.2
22.3
4.1
22.6%
10.7%
31.7
6.3
19.6
30.4
6.4
17.5
5.9
1.7
1.0
24.0%
37.7%
6.1%
12.0%
14.4%
5.8%
Mulptiples VE
VE/CA (x)
VE/RE (x)
7.6
1.5
0.9
0.9
1.9
0.1
37.5
32.8
ns
17.7
22.0
0.5
0.8
0.8
90.0
40.4
1.3
14.3
8.1
0.5
1.2
33.3
10.9
ns
17.2
20.9
3.5
32.6%
15.5%
21.9
187.2
48.5
165.2
0.290
0.305
-0.750
0.328
0.000
0.220
0.000
0.230
0.0%
5.5%
ns
13.1
ns
12.7
1.3
1.9
ns
17.9%
ns
11.8%
1.8
1.7
ns
9.0
-2%
107.1
141.5
0.278
0.268
0.200
0.200
3.9%
19.7
19.2
2.5
14.8%
6.2%
3.5
18.5
15%
100.4
99.1
1.029
1.248
0.550
0.750
4.0%
13.0
14.9
6.5
77.2%
22.9%
2.0
20.7
10%
400.5
414.3
0.522
0.397
0.000
0.355
3.1%
26.4
29.0
3.9
20.2%
16.8%
2.0
21.5
-8%
110.2
120.1
0.391
0.366
0.431
0.250
5.4%
13.7
12.6
3.1
32.8%
19.5%
2.2
11.4
28.5
29.9
0.4
8.3%
4.2%
16.8
50.6
ns
ns
21.0
1.7
2.2
5.1
1.3
2.0
10.1%
4.5%
ns
ns
10.4%
4.3%
1.9%
ns
ns
6.4%
1.5
5.0
5.8
17.2
1.2
10.5
6.2
ns
ns
11.5
2.2
2.9
1.8
14.9
78.5
ns
1.0
0.9
1.5
9.1
25.7
12.3
2.4
1.8
1.4
7.3
5.8
12.3
927.3
838.9
31,170
26,200
44,047
172,135
6,150
2.850
2.900
6.150
2.080
7.340
-31%
nc
-13%
-13%
nc
18%
nc
-10%
-3%
nc
3%
16%
4%
-28%
26%
14%
2%
-5%
-14%
1%
12,000
10,269
4,208
8.050
3.500
1.520
-11%
60%
7%
-15%
-17%
-39%
21%
-16%
-10%
1%
4%
7%
88.8
76.0
270.9
358.0
45.1
103.6
93.1
299.6
836.0
38.8
0.159
0.062
-0.087
-0.040
2.382
0.170
0.057
-0.506
-0.126
0.350
0.060
0.000
0.000
0.000
1.102
0.050
0.045
0.000
0.000
0.200
1.8%
1.6%
0.0%
0.0%
2.7%
14.8
49.7
ns
ns
20.9
96.6
35.9
6.4
24.3
30.1
2.2
12.4%
5.0%
139.4
30.8
171.3
0.589
0.097
-4.589
0.587
0.047
-3.986
0.380
0.100
0.000
0.380
0.100
0.000
4.7%
2.9%
0.0%
13.6
35.0
ns
13.7
74.0
ns
2.4
2.2
0.0
21.1%
3.1%
13.0%
7.3%
2.7%
ns
38,250
30,000
13,500
7.450
10.200
13.000
27%
21%
nc
2%
-10%
0%
34%
6%
11%
-7%
0%
14%
285.0
306.0
175.5
16.0
16.6
4.2
43.9%
14.1%
188.8
254.2
147.9
0.649
0.375
0.554
0.541
0.499
0.885
0.500
0.330
0.550
0.415
0.400
0.670
5.6%
3.9%
5.2%
14.8
20.4
12.9
13.8
20.4
14.7
3.4
3.7
6.4
32.3%
22.1%
77.1%
15.5%
8.4%
18.3%
5,051
1,100
15,600
5.750
50.000
1.800
75%
41%
-12%
-18%
-6%
-18%
9%
12%
-16%
-9%
-9%
-9%
17.6
13.8
1.2
15.6%
6.7%
51.8
70.2
24.0
1.119
3.958
0.199
0.995
6.938
0.051
0.280
1.500
0.180
0.280
1.500
0.050
4.9%
3.0%
2.8%
6.3
7.9
38.5
5.8
7.2
35.0
0.9
1.5
0.8
19.3%
25.3%
2.3%
8.0%
9.9%
2.3%
2,450
14,040
4,637
3,537
3,747
12,000
1,400
180,004
90,004
4,399
7.700
2.160
2.830
14.380
8.890
1.820
8.690
5.400
0.690
2.150
395%
-11%
9%
27%
27%
65%
-3%
-18%
nc
nc
-51%
-27%
-41%
59%
-38%
-2%
-5%
-21%
nc
nc
-29%
-16%
-5%
-36%
9%
9%
1%
13%
-34%
-50%
12%
-6%
-18%
1%
0%
3%
-17%
-4%
-5%
-9%
13.2
14.7
1.8
13.2%
4.9%
18.9
30.3
13.1
50.9
33.3
21.8
12.2
972.0
62.1
9.5
72.7
35.6
14.3
89.1
18.3
14.6
15.5
1 835.6
67.5
18.0
1.950
0.110
0.196
0.789
0.741
0.071
-0.364
0.453
0.089
0.694
1.231
0.120
-0.302
0.793
0.937
0.109
0.312
0.374
0.083
-0.113
0.000
0.070
0.200
0.000
0.400
0.060
0.000
0.200
0.000
0.000
0.000
0.100
0.000
0.000
0.500
0.080
0.000
0.210
0.000
0.000
0.0%
4.6%
7.1%
0.0%
5.6%
4.4%
0.0%
3.9%
0.0%
0.0%
5.6
19.2
ns
18.0
9.5
16.2
ns
15.0
8.8
ns
6.3
18.0
ns
27.2
9.5
16.7
27.9
14.5
8.3
ns
0.9
1.4
0.5
4.0
1.0
1.2
0.8
1.8
1.7
2.6
16.0%
8.3%
ns
17.2%
12.4%
7.8%
3.1%
13.8%
26.9%
ns
2.8%
4.6%
ns
2.5%
9.6%
6.3%
0.9%
3.8%
8.6%
ns
0.7
1.5
0.4
2.0
1.7
1.7
0.4
1.2
1.1
1.9
7.9
15.2
ns
14.6
4.5
1.7
3.7
14.4
6.7
43.0
106,199
5,500
1.120
3.900
-16%
nc
-26%
-15%
7%
-54%
-1%
0%
140.4
118.9
21.5
598.6
30.8
-1.185
-4.842
-0.844
-2.117
0.000
0.000
0.000
0.0%
0.0%
ns
ns
ns
ns
0.6
0.4
1.6
ns
ns
ns
ns
10.9
0.7
ns
ns
138.9
766.5
112.1
29.0
55.0
28.1
1 224.1
Transport Aérien
TUNISAIR
0.650
0.000
0.000
0.000
0.000
0.289
ROE (%)
2.3%
10.7%
6.6%
Divers
ELECTROSTAR
1.072
0.077
-1.196
0.457
0.455
0.353
PBR (x)
6.200
6.420
2.230
Immobilier
ESSOUKNA
0.977
0.005
-0.040
-0.400
0.382
0.506
PER (x)
5.100
4.700
4.200
Distributions Automobile
ARTES
2 431.1
159.1
53.9
61.7
996.0
1 411.0
Ratios Financiers
PER 14 (x)
7.402
9.426
1.938
Industries Automobile
ASSAD
Div Yield
10.217
5.228
6.132
Bâtiments et matériaux de
construction
SOMOCER
Div 2013
277.4
106.8
78.9
Industrie
AMS
Div 12
460.6
1,211
1,947
2,100
ALKIMIA
BPA 13
36.1
Industrie Chimique
AIR LIQUDE TSIE
BPA 12
689.7
Distribution spécialisée
CELLCOM
VE (MDt)
3 497.1
Distribution
MAGASIN GENERAL
Capi (MDt)
0.000
Stock Guide
20/02/2015
Multiples Prix de l'action
Nbre
d'actions
COURS
Rdt
2012(%)
Rdt
2013(%)
Rdt
2014(%)
Rdt
2015(%)
Pharmaceutique
ADWYA
Capi (MDt)
8.050
8.500
51%
-33%
-12%
-12%
54%
3%
-2%
-1%
127.5
15.3
3,864
6.650
nc
-14%
9%
-6%
25.7
Nbre
d'actions
COURS
Rdt
2012(%)
Rdt
2013(%)
Rdt
2014(%)
Rdt
2015(%)
24,444
100,000
18,000
17,000
24.500
5.000
11.330
82.900
-21%
-20%
-30%
-14%
0%
-6%
8%
0%
-13%
13%
-21%
35%
-6%
14%
11%
6%
32,000
39,748
150,000
1,000
24,860
20,002
19,600
7.700
25.000
10.900
23.800
4.420
25.500
16.100
-25%
-17%
15%
-4%
-11%
-17%
-3%
-7%
16%
8%
-2%
-42%
-16%
-26%
-3%
60%
17%
7%
-4%
2%
31%
1%
5%
3%
-4%
-12%
0%
9%
25,000
5,000
4,000
2,125
8,600
4,000
5,740
30,000
2.740
14.310
15.500
24.000
20.600
5.200
7.520
1.800
-28%
-11%
-29%
-5%
-20%
-24%
nc
nc
-23%
-6%
0%
-32%
1%
-28%
-6%
5%
23%
1%
31%
11%
7%
5%
-12%
4%
1%
7%
-5%
-9%
0%
-2%
0%
-14%
68.5
71.6
62.0
51.0
177.2
20.8
43.2
54.0
4,000
2,660
15,000
2,308
53.350
22.400
8.290
155.000
-1%
-13%
-21%
-1%
-24%
-7%
11%
4%
9%
19%
13%
0%
-2%
-15%
-17%
7%
Nbre
d'actions
COURS
Rdt
2012(%)
Rdt
2013(%)
Rdt
2014(%)
Rdt
2015(%)
1,000
966
28,000
50.200
10.940
10.040
19%
-6%
17%
3%
24%
23%
6%
18%
27%
9%
-1%
9%
Nbre
d'actions
COURS
Rdt
2012(%)
Rdt
2013(%)
Rdt
2014(%)
Rdt
2015(%)
TELNET HOLDING
11,028
5.330
-20%
-11%
-6%
3%
HEXABYTE
2,083
8.820
15%
57%
-9%
-7%
AETECH
2,223
2.460
nc
-4%
-51%
-13%
ONE TECH HOLDING
53,600
7.720
nc
9%
11%
10%
Performan
ce du
Tunindex
2012
2013
2014
2015
Capi (MDt)
Textile et Habillement
New Body Line
ATB
BH
BIAT
BNA
ATTIJARI BANK
BT
BTE (ADP)
STB
UBCI
UIB
CIL
EL WIFACK LEASING
ATTIJARI LEASING
TUNISIE LEASING
MODERN LEASING
HANNIBAL LEASE
BEST LEASE
ASSURANCES SALIM
Tunis RE
STAR
TUNINVEST-SICAR
SPDIT - SICAF
Div Yield
129.8
20.4
0.390
-0.273
0.421
-0.764
0.150
0.000
0.250
0.000
3.1%
0.0%
17.9
0.661
0.456
0.335
0.400
6.0%
PNB (MDt)
BPA 12
BPA 13
Div 12
Div 2013
Div Yield
598.9
500.0
203.9
1 409.3
249.5
166.7
199.6
440.5
2.925
0.524
0.980
5.570
4.083
0.450
-8.854
6.333
0.850
0.220
0.400
2.500
1.000
0.220
2.500
4.1%
4.4%
3.5%
3.0%
246.4
993.7
1 635.0
23.8
109.9
510.0
315.6
293.6
251.3
179.8
28.0
247.2
140.8
184.0
1.350
1.400
0.563
0.066
-0.189
0.747
1.357
nd
2.080
0.492
2.270
-4.644
1.003
1.940
0.400
1.340
0.260
1.800
0.000
0.600
0.000
1.340
0.260
1.800
0.000
0.300
0.000
5.2%
5.4%
2.4%
7.6%
0.0%
1.2%
0.0%
18.6
17.6
10.2
15.7
25.9
6.6
11.4
7.7
0.184
1.822
1.310
2.779
1.637
0.089
0.701
0.111
0.261
1.713
1.018
2.733
1.078
0.005
0.579
0.107
0.200
0.750
0.550
1.200
1.000
0.000
0.000
0.100
0.200
0.750
0.600
1.200
1.000
0.000
0.300
0.100
7.3%
5.2%
3.9%
5.0%
4.9%
0.0%
4.0%
5.6%
213.4
59.6
124.4
357.7
77.0
30.1
41.2
225.5
2.449
1.578
0.413
6.633
2.701
1.380
0.512
8.120
1.300
0.850
0.325
1.800
1.500
0.850
0.350
1.800
2.8%
3.8%
4.2%
1.2%
Capi (MDt)
CA (MDt)
BPA 12
BPA 13
Div 12
Div 2013
50.2
10.6
281.1
1.8
0.4
15.6
1.440
0.645
0.324
1.454
0.268
0.477
2.000
1.000
0.550
Capi (MDt)
VE (MDt)
BPA 12
BPA 13
58.8
57.7
0.406
18.4
11.9
5.5
413.8
Capi (MDt)
-4.3%
16.2%
4.4%
PBR (x)
ROE (%)
ROA (%)
19.4
21.1
3.6
28.9%
10.7%
19.4
ns
19.1
ns
4.3
0.5
28.9%
ns
10.7%
ns
14.6
10.1
2.2
17.9%
14.0%
14.6
10.1
2.2
17.9%
PBR (x)
ROE (%)
Mulptiples VE
VE/CA (x)
VE/RE (x)
1.6
0.5
11.3
ns
14.0%
3.6
14.6
ROA (%)
Tx des
CDL(%)
Tx
couverture(%)
13.6
13.7
2.2
11.6%
0.9%
11%
69%
6.4
9.7
ns
12.3
6.0
11.1
-1.3
13.1
1.1
1.1
0.4
2.3
21.3%
10.7%
4.0%
21.4%
1.4%
0.9%
0.3%
1.2%
9%
73%
5.6
11.5
21.5
ns
ns
34.0
7.6
5.7
12.0
19.3
ns
ns
25.4
8.3
0.4
2.6
2.8
0.2
0.3
2.1
5.1
7.7%
27.1%
14.6%
1.7%
-1.2%
8.9%
ns
0.6%
1.7%
1.9%
0.3%
-0.1%
0.7%
1.0%
13.6
14.3
1.3
10.2%
1.5%
10.3
7.8
16.0
9.6
19.1
ns
13.0
19.5
10.5
8.4
15.2
8.8
19.1
ns
13.0
16.8
1.0
1.3
1.5
1.5
1.4
0.7
0.9
1.2
10.1%
18.7%
10.6%
20.7%
8.1%
0.1%
5.6%
7.6%
1.6%
2.4%
1.8%
1.5%
1.5%
0.0%
0.8%
2.1%
20.2
19.6
1.7
9.7%
2.3%
22.3
16.7
24.1
17.9
21.8
14.2
20.1
19.1
2.6
1.7
0.9
1.4
13.1%
11.3%
6.1%
8.1%
Div Yield
PER 14 (x)
PER (x)
PBR (x)
22.6
22.9
2.000
1.000
0.550
4.0%
9.1%
5.5%
31.6
17.0
19.3
34.5
17.0
21.1
Div 12
Div 2013
Div Yield
PER 14 (x)
PER (x)
23.4
0.538
0.300
0.300
5.6%
9.6
0.124
0.186
0.100
0.120
1.4%
51.1
8.1
0.049
-0.443
0.000
0.000
0.0%
ns
ns
1.2
ns
ns
0.9
ns
413.7
0.320
0.742
0.000
0.210
2.7%
9.4
10.4
1.8
20.4%
10.3%
1.0
17.2
Marché
Principal
Marché
Alternatif
Divid yield
3.1%
PER marché
(x)
20.2
PBR marché
(x)
3.7
16 975.2
713.1
496.4
-3.0%
PER (x)
PER (x)
341.9
TIC
Ratios Financiers
PER 14 (x)
PER 14 (x)
755.1
Sociétés d'Investissement
PLAC, TSIE-SICAF
Div 2013
548.2
Assurances
ASTREE
Div 12
6 546.5
Leasing
ATL
BPA 13
25.7
Banques
AMEN BANK
BPA 12
142.8
15,840
1,800
SIPHAT
VE (MDt)
9%
60%
13%
65%
8%
75%
13%
nd
9%
80%
5%
nd
23%
88%
nd
48%
6%
82%
16%
54%
8.8%
7.5%
4.9%
11.1%
6.1%
nd
7.6%
4.6%
70.4%
71.8%
69.4%
62.9%
79.7%
nd
66.5%
75.0%
2.8%
2.2%
1.9%
2.2%
-
-
-
-
-
-
-
-
ROE (%)
ROA (%)
VE/CA (x)
VE/RE (x)
4.9
15.9%
12.4%
3.2
1.4
5.3
10.4%
3.4%
33.9%
9.3%
2.8%
25.1%
-
-
-
-
-
-
PBR (x)
ROE (%)
ROA (%)
VE/CA (x)
VE/RE (x)
11.7
1.8
15.9%
8.5%
9.9
1.8
21.7%
11.7%
1.4
9.5
47.5
2.5
5.5%
3.5%
1.9
30.5

Download Report