Sanlam Maroc 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	Apr '26 Apr 24, 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	12,672	8,810	7,530	5,348	4,076	5,969
Market Cap Growth	83.32%	17.00%	40.80%	31.21%	-31.72%	13.46%
Enterprise Value	13,426	9,044	7,610	5,283	4,218	6,019
PE Ratio	13.76	13.02	10.90	9.56	-	9.84
PS Ratio	1.78	1.24	1.13	0.77	0.75	0.87
PB Ratio	2.09	1.45	1.31	0.98	0.81	1.13
P/FCF Ratio	1.03	0.72	1.01	1.06	0.37	0.36
P/OCF Ratio	0.99	0.69	1.00	1.04	0.37	0.36
EV/Sales Ratio	1.88	1.27	1.14	0.76	0.77	0.88
EV/EBITDA Ratio	8.55	5.78	7.41	6.21	-	4.74
EV/EBIT Ratio	10.69	7.24	7.92	7.27	-	6.05
EV/FCF Ratio	1.09	0.74	1.02	1.05	0.39	0.36
Debt / Equity Ratio	0.15	0.15	0.11	0.09	0.13	0.10
Debt / EBITDA Ratio	0.59	0.59	0.59	0.60	-	0.41
Debt / FCF Ratio	0.08	0.08	0.08	0.10	0.06	0.03
Net Debt / Equity Ratio	0.12	0.12	0.04	0.02	0.03	0.03
Net Debt / EBITDA Ratio	0.48	0.48	0.23	0.10	-1.60	0.12
Net Debt / FCF Ratio	0.06	0.06	0.03	0.02	0.01	0.01
Quick Ratio	15.68	15.68	20.39	16.36	2.40	2.05
Current Ratio	16.97	16.97	22.71	17.55	3.45	3.00
Asset Turnover	0.31	0.31	0.29	0.30	0.24	0.30
Return on Equity (ROE)	15.62%	15.62%	12.36%	10.67%	-1.36%	12.10%
Return on Assets (ROA)	3.35%	3.35%	2.61%	1.95%	-0.55%	2.73%
Return on Invested Capital (ROIC)	13.72%	13.72%	11.13%	9.52%	-3.53%	11.24%
Earnings Yield	5.34%	7.68%	9.18%	10.46%	-1.72%	10.17%
FCF Yield	96.93%	139.41%	99.13%	93.95%	267.37%	278.13%
Dividend Yield	3.18%	4.58%	4.60%	6.40%	4.05%	2.76%
Payout Ratio	49.33%	49.33%	45.92%	26.49%	-	13.57%
Total Shareholder Return	3.18%	4.58%	4.60%	6.40%	4.05%	2.76%

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.