According to the broker, Label’Vie continues to demonstrate positive momentum, supported by several strategic levers. Over the period 2024-2028the group is expected to record an average annual growth rate (TCAM) of the consolidated turnover of 7,8%. This progression is mainly attributed to the expansion of its store network, with a focus on formats Carrefour Market et Wholesalewhich respond to the growing demand of Moroccan consumers for accessible and diversified products. Accelerating openings in areas with high economic potential also makes it possible to capture a larger market share.
Moreover, Label’Vie benefits from rigorous control of its operational costs, which should lead to continuous improvement of its margin of EBITDA over the next few years. The deployment of new optimization strategies, particularly in the supply chain and logistics operations, contributes to strengthening this dynamic.
The report also highlights the financial strength of the group, with Gearing which remains under control, despite sustained investments to develop its infrastructure.
In terms of valuation, MSIN estimates the stock’s value at 4 500 dirhamswhich reflects an interesting upside potential of 14.6% compared to its current price.
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