delta holding Ratios and Metrics

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 25, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	5,851	4,993	3,110	2,102	2,891	3,057
Market Cap Growth	-5.93%	60.56%	47.92%	-27.27%	-5.44%	2.05%
Enterprise Value	5,586	4,886	3,335	2,407	3,381	3,681
Last Close Price	66.79	55.42	33.45	21.68	28.44	30.08
PE Ratio	21.02	16.90	16.46	12.65	16.80	19.30
Forward PE	19.08	15.26	15.26	15.26	15.26	15.26
PS Ratio	1.89	1.59	0.99	0.75	1.14	1.21
PB Ratio	2.28	1.86	1.23	0.85	1.22	1.39
P/TBV Ratio	2.49	2.07	1.39	0.97	1.40	1.63
P/FCF Ratio	11.10	17.45	7.29	-	8.07	72.88
P/OCF Ratio	8.84	12.92	6.01	-	6.61	17.95
EV/Sales Ratio	1.80	1.55	1.06	0.86	1.33	1.46
EV/EBITDA Ratio	10.73	9.98	8.56	5.28	8.94	9.32
EV/EBIT Ratio	13.80	12.80	11.07	8.06	13.66	13.95
EV/FCF Ratio	10.60	17.07	7.81	-	9.44	87.76
Debt / Equity Ratio	0.06	0.06	0.11	0.21	0.20	0.31
Debt / EBITDA Ratio	0.28	0.33	0.72	1.14	1.23	1.74
Debt / FCF Ratio	0.28	0.57	0.66	-	1.30	16.35
Net Debt / Equity Ratio	-0.15	-0.09	0.01	0.12	0.03	0.20
Net Debt / EBITDA Ratio	-0.74	-0.48	0.05	0.67	0.19	1.09
Net Debt / FCF Ratio	-0.73	-0.82	0.04	-1.63	0.20	10.28
Asset Turnover	0.71	0.70	0.69	0.62	0.57	0.55
Inventory Turnover	1.48	1.57	1.46	1.40	1.46	1.48
Quick Ratio	1.30	1.47	1.34	1.26	1.36	1.24
Current Ratio	2.10	2.24	2.10	2.01	1.98	1.79
Return on Equity (ROE)	11.99%	13.07%	8.74%	8.17%	7.96%	8.38%
Return on Assets (ROA)	5.81%	5.32%	4.15%	4.14%	3.47%	3.58%
Return on Invested Capital (ROIC)	13.98%	11.70%	8.24%	8.21%	6.91%	7.39%
Return on Capital Employed (ROCE)	15.30%	13.70%	11.20%	11.10%	9.40%	10.40%
Earnings Yield	4.76%	5.92%	6.08%	7.91%	5.95%	5.18%
FCF Yield	9.01%	5.73%	13.73%	-8.84%	12.39%	1.37%
Dividend Yield	3.41%	4.06%	4.48%	6.46%	4.57%	-
Payout Ratio	47.20%	44.48%	64.91%	68.50%	-	-
Total Shareholder Return	3.36%	4.06%	4.48%	6.46%	4.57%	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.