Portfolio ManagementAcademic pitch EN
LHM — Holcim Maroc: yield versus the cycle
Holcim Maroc trades at 17.9x earnings and 3.1x book for a 19.3% ROE and a 6.0% yield near its 52-week low. The market is pricing a cement downturn; the …
The desk · projects
Dated academic equity-pitch exercises on Bourse de Casablanca names: thesis, valuation range, catalysts, risks and what would change the view. Not investment advice.
Academic equity-pitch exercises on Bourse de Casablanca names. Each exercise asks whether the market price is consistent with a defensible valuation range, given public evidence and stated assumptions.
They are not calls, signals, recommendations or instructions to trade. No client capital is managed. The author is not AMMC-regulated or authorised to provide investment advice. The full disclaimer is repeated on every exercise.
4 projects on the desk
Portfolio ManagementAcademic pitch EN
Holcim Maroc trades at 17.9x earnings and 3.1x book for a 19.3% ROE and a 6.0% yield near its 52-week low. The market is pricing a cement downturn; the …
Portfolio ManagementAcademic pitch EN
Managem has run 139% YTD to 28.2x TTM earnings and 15.7x book — a near-60% P/E premium and a 3x P/B premium to the peer median — on an EPS base that is …
Portfolio ManagementAcademic pitch EN
Marsa Maroc trades at 32.7x TTM earnings and 13.6x book against an 18.6x/3.2x market median, while Nador West Med adds competing container capacity. The …
Portfolio ManagementAcademic pitch EN
Morocco's leading private bank is 1.4% above its 52-week low, on 12.6x earnings and 1.9x book for a 15.9% ROE. The market is pricing NIM compression; the …
4 projects
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