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Brasseries du Maroc (براسري المغرب)
Main Activities: Soft Drink and Ice Manufacturing
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Company Information |
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Full name Brasseries du Maroc (براسري المغرب) Headquarters P.O. Box 2660, Boulevard Ahl Loghlam, Ain Sebaa, Casablanca.; Casablanca; Grand Casablanca |
Status: Listed Operational Status: Operational Financial Auditors: PriceWaterHouseCoopers (2011) Incorporation Date: January 1, 1919 Tel: 212 522769014/54646 |
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Company Description |
| Founded in 1919, Societe des Brasseries du Maroc (SBM) is a limited company . It produces, packages and distributes alcoholic and soft drinks such as beer, Coca Cola, Fanta and other drinks. The company has five subsidiaries: Societe des Brasseries du Nord Marocain (BRANOMA), Brasserie de Tanger, Société Industrielle Marocaine, CMB Plastique Maroc and Maropac. SBM exports its products to the Mediterranean countries and to Africa. SBM has partnerships with international groups: Heineken, Coca-Cola, | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues increased with 0.94%, from MAD 1,710,946.834 thousands to MAD 1,726,993.409 thousands. The results of the period decreased -6.34% reaching MAD 315,380.22 thousands at the end of the period against MAD 336,741.185 thousands last year. Return on equity (Net income/Total equity) went from 25.33% to 24.00%, the Return On Asset (Net income / Total Asset) went from 18.18% to 17.11% and the Net Profit Margin (Net Income/Net Sales) went from 19.68% to 18.26% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 40.21% compared to 39.34% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.30 to 1.76 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2011 Y (non-cons) |
2010 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
2,227,775 |
1,842,861 |
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Current Assets |
1,057,190 |
751,478 |
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Total Liabilities |
751,088 |
528,543 |
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Shareholders Equity |
1,476,687 |
1,314,318 |
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Current Liabilities |
569,726 |
427,822 |
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| * All the accounts are in MAD. | ||
Income Statement
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Total Operating Revenue |
2,346,106 |
1,726,993 |
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Operational Profit (Loss) |
508,798 |
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Net Profit (Loss) |
358,497 |
315,380 |
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| * All the accounts are in MAD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
16.09% |
17.11% |
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Annualised Return on Assets (ROA) |
16.09% |
17.11% |
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Return on Equity (ROE) |
24.28% |
24% |
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Annualised Return on Equity (ROE) |
27.28% |
23.72% |
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Return on Sales (ROS) |
15.28% |
18.26% |
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Return on Capital |
30.69% |
0% |
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Gross Profit Margin |
157.38% |
200% |
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Operating Profit Margin |
21.69% |
0% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
5.76x |
6.08x |
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Inventory Turnover |
8.67x |
11.37x |
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Current asset turnover |
2.22x |
2.30x |
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Fixed-asset turnover |
2.00x |
1.58x |
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Asset Turnover |
1.05x |
0.94x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
508,798 |
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EBITDA |
508,798 |
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Enterprise value |
6,596,512 |
6,612,022 |
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Enterprise Value / EBITDA |
12.96 |
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Bookvalue (BV) |
1,476,687 |
1,314,318 |
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Net Cash |
-672,066 |
-455,909 |
| Liquidity Ratios | ||
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Current Ratio |
185.56% |
175.65% |
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Quick ratio |
138.04% |
140.14% |
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Doom's day ratio |
13.87% |
16.98% |
| Leverage Ratios | ||
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Leverage ratio |
150.86% |
140.21% |
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Debt to equity |
50.86% |
40.21% |
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Debt to total assets |
33.71% |
28.68% |
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Long Term Debt to Capital |
10.94% |
7.12% |
| Market ratios | ||
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Market Capitalization/EBITDA |
11.64 |
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Market Cap / Net cash |
-8.82 |
-13.50 |
| Trend Ratios | ||
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Revenue Trend |
135.85% |
100.94% |
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Net Income Trend |
113.67% |
93.66% |
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