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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
COSUMAR (كوسومار)
Main Activities: Sugar and Confectionery Product Manufacturing
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Company Information |
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Full name Compagnie Sucriere marocaine de Raffinage (الشركة المغربية لتكرير السكر) Headquarters P.O. Box 3098, 8 rue El Mouatamid Ibnou Abbad, Roches Noires, Casablanca 20300.; Casablanca; Grand Casablanca |
Status: Listed Operational Status: Operational Financial Auditors: PricewaterhouseCoopers (2012) Incorporation Date: January 1, 1929 Total Employees: 900 Tel: 212 522678300/5290283 |
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Company Description |
| Cosumar SA is a Morocco-based sugar producer founded on 01/04/1929 & the IPO date is 03/06/1985. It specializes in the production of white sugar in four main forms: sugar loafs, sugar ingots, sugar lumps and granulated sugar. The Company refines local and imported sugar beets in refineries located in Morocco. Its products are marketed under different brands name, including Enmer, El Bellar, Al Kasbah, Palmier and La Gazelle. The Company is present throughout the Kingdom and has five subsidiaries, | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues increased with 6.36%, from MAD 4,241,920.127 thousands to MAD 4,511,829.786 thousands. The results of the period increased 12.55% reaching MAD 580,185.772 thousands at the end of the period against MAD 515,487.014 thousands last year. Return on equity (Net income/Total equity) went from 29.44% to 29.44%, the Return On Asset (Net income / Total Asset) went from 10.30% to 10.57% and the Net Profit Margin (Net Income/Net Sales) went from 12.15% to 12.86% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 178.60% compared to 185.85% of last year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2010 Y (non-cons) |
2009 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 |
5,489,875 |
5,004,629 |
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Current Assets |
2,412,508 |
1,846,036 |
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Total Liabilities |
3,519,343 |
3,253,851 |
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Shareholders Equity |
1,970,532 |
1,750,777 |
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| * All the accounts are in MAD. | ||
Income Statement
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Total Operating Revenue |
4,511,829 |
4,241,920 |
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Net Profit (Loss) |
580,185 |
515,487 |
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| * All the accounts are in MAD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
10.57% |
10.3% |
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Annualised Return on Assets (ROA) |
10.57% |
10.3% |
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Return on Equity (ROE) |
29.44% |
29.44% |
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Annualised Return on Equity (ROE) |
3,313.87% |
32.3% |
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Return on Sales (ROS) |
12.86% |
12.15% |
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Gross Profit Margin |
200% |
200% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
24.67x |
20.33x |
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Inventory Turnover |
3.20x |
2.91x |
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Current asset turnover |
1.87x |
2.30x |
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Fixed-asset turnover |
1.47x |
1.34x |
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Asset Turnover |
0.82x |
0.85x |
| Valuation figures and ratios | ||
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EBITDA |
445,823 |
642,815 |
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Enterprise value |
11,351,500 |
8,748,337 |
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Enterprise Value / EBITDA |
25.46 |
13.61 |
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Bookvalue (BV) |
1,970,532 |
1,750,777 |
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Net Cash |
-3,178,939 |
-3,153,276 |
| Leverage Ratios | ||
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Leverage ratio |
278.6% |
285.85% |
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Debt to equity |
178.6% |
185.85% |
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Debt to total assets |
64.11% |
65.02% |
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Long Term Debt to Capital |
64.11% |
65.02% |
| Market ratios | ||
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Market Capitalization/EBITDA |
18.33 |
8.70 |
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Market Cap / Net cash |
-2.57 |
-1.77 |
| Trend Ratios | ||
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Revenue Trend |
106.36% |
104.89% |
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Net Income Trend |
112.55% |
106.59% |
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