Wafa Assurance 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	2019 - 2015
Period Ending	Dec '25 Dec 4, 2025	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	2019 - 2015
Market Capitalization	17,570	15,610	14,000	13,160	16,975	13,545	Upgrade
Market Cap Growth	25.50%	11.50%	6.38%	-22.47%	25.32%	-0.77%	Upgrade
Enterprise Value	16,813	15,489	13,718	13,169	16,680	13,225	Upgrade
PE Ratio	20.43	18.28	20.88	16.96	40.03	29.89	Upgrade
PS Ratio	1.13	1.03	0.98	1.00	1.50	1.30	Upgrade
PB Ratio	1.21	1.38	1.47	1.58	1.80	1.61	Upgrade
P/FCF Ratio	4.10	5.32	3.69	5.25	5.16	3.92	Upgrade
P/OCF Ratio	3.97	4.98	3.46	4.57	4.84	3.86	Upgrade
EV/Sales Ratio	1.08	1.02	0.96	1.00	1.47	1.27	Upgrade
EV/EBITDA Ratio	13.17	12.10	13.64	11.06	29.02	16.59	Upgrade
EV/EBIT Ratio	15.20	13.09	15.21	12.06	34.41	18.75	Upgrade
EV/FCF Ratio	3.92	5.28	3.61	5.25	5.07	3.83	Upgrade
Debt / Equity Ratio	0.01	0.01	0.06	0.02	0.07	0.02	Upgrade
Debt / EBITDA Ratio	0.10	0.09	0.52	0.16	1.06	0.26	Upgrade
Debt / FCF Ratio	0.03	0.04	0.14	0.08	0.19	0.06	Upgrade
Quick Ratio	5.34	0.55	0.49	0.48	0.38	0.42	Upgrade
Current Ratio	6.82	0.70	0.66	0.64	0.54	0.56	Upgrade
Asset Turnover	0.22	0.22	0.23	0.22	0.20	0.22	Upgrade
Return on Equity (ROE)	7.28%	8.71%	8.15%	9.32%	5.12%	6.77%	Upgrade
Return on Assets (ROA)	0.98%	1.08%	0.91%	1.15%	0.53%	0.91%	Upgrade
Return on Capital (ROIC)	5.45%	6.91%	6.08%	7.37%	3.25%	6.03%	Upgrade
Earnings Yield	4.89%	5.47%	4.79%	5.90%	2.50%	3.35%	Upgrade
FCF Yield	24.41%	18.81%	27.13%	19.05%	19.38%	25.50%	Upgrade
Dividend Yield	2.79%	3.23%	3.73%	3.80%	2.80%	3.00%	Upgrade
Payout Ratio	56.81%	57.39%	67.93%	54.12%	82.54%	92.69%	Upgrade
Buyback Yield / Dilution	0.01%	-0.20%	0.10%	0.25%	0.23%	-	Upgrade
Total Shareholder Return	2.81%	3.03%	3.83%	4.05%	3.03%	3.00%	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.