Cash Plus Ratios and Metrics

Market cap in millions MAD. Fiscal year is January - December.

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 15, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	6,583	7,538	-	-	-	-
Enterprise Value	4,462	7,885	-	-	-	-
Last Close Price	268.10	307.00	-	-	-	-
PE Ratio	27.17	31.11	-	-	-	-
PS Ratio	3.67	4.21	-	-	-	-
PB Ratio	8.42	9.65	-	-	-	-
P/TBV Ratio	9.06	10.38	-	-	-	-
P/FCF Ratio	22.51	25.77	-	-	-	-
P/OCF Ratio	19.39	22.21	-	-	-	-
EV/Sales Ratio	2.49	4.40	-	-	-	-
EV/EBITDA Ratio	8.56	16.23	-	-	-	-
EV/EBIT Ratio	9.45	16.70	-	-	-	-
EV/FCF Ratio	15.26	26.96	-	-	-	-
Debt / Equity Ratio	0.81	0.81	1.50	2.56	1.37	0.72
Debt / EBITDA Ratio	1.22	1.22	1.25	1.24	1.02	0.64
Debt / FCF Ratio	2.17	2.17	0.61	0.84	2.63	0.81
Net Debt / Equity Ratio	-2.70	-2.70	-3.50	1.61	1.01	0.42
Net Debt / EBITDA Ratio	-4.34	-4.34	-3.10	0.83	0.80	0.40
Net Debt / FCF Ratio	-7.22	-7.22	-1.41	0.53	1.94	0.47
Asset Turnover	0.51	0.51	0.67	0.79	1.07	-
Quick Ratio	6.82	6.82	5.97	1.26	1.13	1.44
Current Ratio	6.83	6.83	5.98	3.33	3.09	3.79
Return on Equity (ROE)	41.45%	41.45%	70.92%	145.60%	68.10%	-
Return on Assets (ROA)	8.43%	8.43%	10.60%	13.86%	18.02%	-
Return on Invested Capital (ROIC)	-	-	-	40.68%	41.26%	39.45%
Return on Capital Employed (ROCE)	13.50%	13.50%	15.30%	21.80%	30.70%	33.70%
Earnings Yield	3.68%	3.21%	-	-	-	-
FCF Yield	4.44%	3.88%	-	-	-	-
Payout Ratio	-	-	-	110.74%	100.49%	-
Buyback Yield / Dilution	-4425.91%	-4425.91%	-8.50%	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.