View ValuationArab Ceramic 将来の成長Future 基準チェック /06現在、 Arab Ceramicの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Building 収益成長18.5%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報Price Target Changed • Apr 27Price target decreased to ج.م0.88Down from ج.م1.06, the current price target is provided by 1 analyst. New target price is 67% above last closing price of ج.م0.53. Stock is down 73% over the past year. The company posted earnings per share of ج.م0.062 last year.すべての更新を表示Recent updatesBoard Change • May 21No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). MD of Commercial & Administrative Affairs and Director Ahmad Salah Mohammad Al Saudi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Mar 11The Arab Ceramic Co., Annual General Meeting, Mar 31, 2026The Arab Ceramic Co., Annual General Meeting, Mar 31, 2026, at 15:00 Egypt Standard Time. Location: cairo EgyptBoard Change • May 14No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). MD of Commercial & Administrative Affairs and Director Ahmad Salah Mohammad Al Saudi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Mar 04The Arab Ceramic Co., Annual General Meeting, Mar 17, 2025The Arab Ceramic Co., Annual General Meeting, Mar 17, 2025, at 15:00 Egypt Standard Time. Location: cairo EgyptReported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ج.م0.084 (vs ج.م0.033 in 3Q 2023)Third quarter 2024 results: EPS: ج.م0.084 (up from ج.م0.033 in 3Q 2023). Revenue: ج.م493.3m (up 38% from 3Q 2023). Net income: ج.م66.1m (up 152% from 3Q 2023). Profit margin: 13% (up from 7.3% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.New Risk • Sep 04New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.1% Last year net profit margin: 3.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). High level of non-cash earnings (21% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (ج.م594.4m market cap, or US$12.3m).Reported Earnings • Aug 18Second quarter 2024 earnings released: EPS: ج.م0.025 (vs ج.م0.048 in 2Q 2023)Second quarter 2024 results: EPS: ج.م0.025 (down from ج.م0.048 in 2Q 2023). Revenue: ج.م457.9m (up 45% from 2Q 2023). Net income: ج.م17.7m (down 2.7% from 2Q 2023). Profit margin: 3.9% (down from 5.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.New Risk • Mar 10New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Market cap is less than US$100m (ج.م774.1m market cap, or US$15.7m).Reported Earnings • Feb 29Full year 2023 earnings releasedFull year 2023 results: Revenue: ج.م1.28b (up 38% from FY 2022). Net income: ج.م88.0m (up 402% from FY 2022). Profit margin: 6.9% (up from 1.9% in FY 2022). The increase in margin was driven by higher revenue.New Risk • Feb 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Egyptian stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (92% net debt to equity). Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (ج.م756.8m market cap, or US$24.5m).Valuation Update With 7 Day Price Move • Jan 16Investor sentiment improves as stock rises 28%After last week's 28% share price gain to ج.م1.16, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 8x in the Building industry in Africa. Total returns to shareholders of 81% over the past three years.New Risk • Nov 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks High level of debt (77% net debt to equity). Market cap is less than US$100m (ج.م603.8m market cap, or US$19.5m).Reported Earnings • Nov 18Third quarter 2023 earnings released: EPS: ج.م0.033 (vs ج.م0.009 in 3Q 2022)Third quarter 2023 results: EPS: ج.م0.033 (up from ج.م0.009 in 3Q 2022). Revenue: ج.م358.8m (up 49% from 3Q 2022). Net income: ج.م26.3m (up 270% from 3Q 2022). Profit margin: 7.3% (up from 2.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year.New Risk • Aug 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Egyptian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (98% net debt to equity). Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (ج.م513.2m market cap, or US$16.6m).Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Director Ahmad Al Saudi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Jul 28Second quarter 2022 earnings released: EPS: ج.م0.015 (vs ج.م0.012 in 2Q 2021)Second quarter 2022 results: EPS: ج.م0.015 (up from ج.م0.012 in 2Q 2021). Revenue: ج.م219.5m (up 10% from 2Q 2021). Net income: ج.م12.0m (up 38% from 2Q 2021). Profit margin: 5.5% (up from 4.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 12% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 28First quarter 2022 earnings released: EPS: ج.م0.005 (vs ج.م0.035 in 1Q 2021)First quarter 2022 results: EPS: ج.م0.005 (down from ج.م0.035 in 1Q 2021). Revenue: ج.م208.4m (down 6.4% from 1Q 2021). Net income: ج.م3.83m (down 85% from 1Q 2021). Profit margin: 1.8% (down from 11% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 18%, compared to a 1.2% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target decreased to ج.م0.88Down from ج.م1.06, the current price target is provided by 1 analyst. New target price is 67% above last closing price of ج.م0.53. Stock is down 73% over the past year. The company posted earnings per share of ج.م0.062 last year.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Director Ahmad Al Saudi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Mar 09Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: ج.م0.06 (up from ج.م0.042 in FY 2020). Revenue: ج.م797.9m (up 25% from FY 2020). Net income: ج.م49.3m (up 61% from FY 2020). Profit margin: 6.2% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 13%, compared to a 7.8% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 24Now 26% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be ج.م0.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% per annum over the last 3 years. Earnings per share has grown by 51% per annum over the last 3 years.Buying Opportunity • Feb 08Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be ج.م0.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% per annum over the last 3 years. Earnings per share has grown by 51% per annum over the last 3 years.Valuation Update With 7 Day Price Move • Oct 19Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ج.م3.92, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 12x in the Building industry in Africa. Total returns to shareholders of 194% over the past three years.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 18% share price gain to ج.م5.01, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 10x in the Building industry in Africa. Total returns to shareholders of 204% over the past three years.Valuation Update With 7 Day Price Move • Jul 08Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to ج.م5.10, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 10x in the Building industry in Africa. Total returns to shareholders of 150% over the past three years.Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to ج.م6.93, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 12x in the Building industry in Africa. Total returns to shareholders of 241% over the past three years.Reported Earnings • May 09First quarter 2021 earnings released: EPS ج.م0.14 (vs ج.م0.008 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ج.م222.7m (up 43% from 1Q 2020). Net income: ج.م25.0m (up ج.م23.5m from 1Q 2020). Profit margin: 11% (up from 0.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improved over the past weekAfter last week's 24% share price gain to ج.م7.73, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 16x in the Building industry in Africa. Total returns to shareholders of 200% over the past three years.Upcoming Dividend • Apr 21Inaugural dividend of ج.م0.15 per shareEligible shareholders must have bought the stock before 27 April 2021. Payment date: 28 April 2021. The company last paid an ordinary dividend in April 2018. The average dividend yield among industry peers is 1.5%.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 15% share price gain to ج.م4.36, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 16x in the Building industry in Africa. Total returns to shareholders of 56% over the past three years.Reported Earnings • Mar 03Full year 2020 earnings released: EPS ج.م0.17 (vs ج.م0.091 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ج.م640.2m (down 19% from FY 2019). Net income: ج.م30.5m (up 87% from FY 2019). Profit margin: 4.8% (up from 2.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 04New 90-day high: ج.م3.23The company is up 9.0% from its price of ج.م2.95 on 05 November 2020. The Egyptian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 10.0% over the same period.Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ج.م0.02The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ج.م183.4m (down 9.5% from 3Q 2019). Net income: ج.م3.34m (down 47% from 3Q 2019). Profit margin: 1.8% (down from 3.1% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Nov 10New 90-day high: ج.م3.13The company is up 113% from its price of ج.م1.47 on 12 August 2020. The Egyptian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 7.0% over the same period.Valuation Update With 7 Day Price Move • Nov 09Market bids up stock over the past weekAfter last week's 16% share price gain to ج.م2.95, the stock is trading at a trailing P/E ratio of 61.3x, up from the previous P/E ratio of 52.8x. This compares to an average P/E of 18x in the Building industry in Africa. Total returns to shareholders over the past three years are 19%.Is New 90 Day High Low • Oct 05New 90-day high: ج.م2.86The company is up 120% from its price of ج.م1.30 on 07 July 2020. The Egyptian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 5.0% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Arab Ceramic は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測CASE:CERA - アナリストの将来予測と過去の財務データ ( )EGP Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20252,28638-25868N/A9/30/20252,22126-14334N/A6/30/20252,09180-104107N/A3/31/20251,96689-11231N/A12/31/20241,88553-13093N/A9/30/20241,65770-9092N/A6/30/20241,52330-13760N/A3/31/20241,38036-17145N/A12/31/20231,28479-45151N/A9/30/20231,24157-26196N/A6/30/20231,12438-56158N/A3/31/20231,02831-45135N/A12/31/202292918-11951N/A9/30/202285526-8639N/A6/30/202280425-8717N/A3/31/202278424-93-4N/A12/31/202179844-3544N/A9/30/202181359-339N/A6/30/20218065690112N/A3/31/202170751117142N/A12/31/2020640274877N/A9/30/202063143480N/A6/30/20206507-738N/A3/31/20207497-79-30N/A12/31/201979016-2630N/A9/30/201980313N/A-27N/A6/30/201980314N/A3N/A3/31/201980618N/A92N/A12/31/201879920N/A59N/A9/30/201877517N/A54N/A6/30/201875427N/A60N/A3/31/201870925N/A-5N/A12/31/201768425N/A24N/A9/30/201764129N/A78N/A6/30/201757416N/A58N/A3/31/201753224N/A53N/A12/31/201647929N/A35N/A9/30/201642612N/A44N/A6/30/201641525N/A7N/A3/31/201641220N/A19N/A12/31/201541123N/A24N/A9/30/201541823N/A20N/A6/30/201542727N/A75N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: CERAの予測収益成長が 貯蓄率 ( 15.1% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: CERAの収益がEG市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: CERAの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: CERAの収益がEG市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: CERAの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: CERAの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 07:33終値2026/05/21 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋The Arab Ceramic Co. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Dina FaragPharos Researchnull nullPrime Research
Price Target Changed • Apr 27Price target decreased to ج.م0.88Down from ج.م1.06, the current price target is provided by 1 analyst. New target price is 67% above last closing price of ج.م0.53. Stock is down 73% over the past year. The company posted earnings per share of ج.م0.062 last year.
Board Change • May 21No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). MD of Commercial & Administrative Affairs and Director Ahmad Salah Mohammad Al Saudi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Mar 11The Arab Ceramic Co., Annual General Meeting, Mar 31, 2026The Arab Ceramic Co., Annual General Meeting, Mar 31, 2026, at 15:00 Egypt Standard Time. Location: cairo Egypt
Board Change • May 14No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). MD of Commercial & Administrative Affairs and Director Ahmad Salah Mohammad Al Saudi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Mar 04The Arab Ceramic Co., Annual General Meeting, Mar 17, 2025The Arab Ceramic Co., Annual General Meeting, Mar 17, 2025, at 15:00 Egypt Standard Time. Location: cairo Egypt
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ج.م0.084 (vs ج.م0.033 in 3Q 2023)Third quarter 2024 results: EPS: ج.م0.084 (up from ج.م0.033 in 3Q 2023). Revenue: ج.م493.3m (up 38% from 3Q 2023). Net income: ج.م66.1m (up 152% from 3Q 2023). Profit margin: 13% (up from 7.3% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
New Risk • Sep 04New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.1% Last year net profit margin: 3.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). High level of non-cash earnings (21% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (ج.م594.4m market cap, or US$12.3m).
Reported Earnings • Aug 18Second quarter 2024 earnings released: EPS: ج.م0.025 (vs ج.م0.048 in 2Q 2023)Second quarter 2024 results: EPS: ج.م0.025 (down from ج.م0.048 in 2Q 2023). Revenue: ج.م457.9m (up 45% from 2Q 2023). Net income: ج.م17.7m (down 2.7% from 2Q 2023). Profit margin: 3.9% (down from 5.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
New Risk • Mar 10New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Market cap is less than US$100m (ج.م774.1m market cap, or US$15.7m).
Reported Earnings • Feb 29Full year 2023 earnings releasedFull year 2023 results: Revenue: ج.م1.28b (up 38% from FY 2022). Net income: ج.م88.0m (up 402% from FY 2022). Profit margin: 6.9% (up from 1.9% in FY 2022). The increase in margin was driven by higher revenue.
New Risk • Feb 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Egyptian stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (92% net debt to equity). Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (ج.م756.8m market cap, or US$24.5m).
Valuation Update With 7 Day Price Move • Jan 16Investor sentiment improves as stock rises 28%After last week's 28% share price gain to ج.م1.16, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 8x in the Building industry in Africa. Total returns to shareholders of 81% over the past three years.
New Risk • Nov 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks High level of debt (77% net debt to equity). Market cap is less than US$100m (ج.م603.8m market cap, or US$19.5m).
Reported Earnings • Nov 18Third quarter 2023 earnings released: EPS: ج.م0.033 (vs ج.م0.009 in 3Q 2022)Third quarter 2023 results: EPS: ج.م0.033 (up from ج.م0.009 in 3Q 2022). Revenue: ج.م358.8m (up 49% from 3Q 2022). Net income: ج.م26.3m (up 270% from 3Q 2022). Profit margin: 7.3% (up from 2.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year.
New Risk • Aug 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Egyptian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (98% net debt to equity). Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (ج.م513.2m market cap, or US$16.6m).
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Director Ahmad Al Saudi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Jul 28Second quarter 2022 earnings released: EPS: ج.م0.015 (vs ج.م0.012 in 2Q 2021)Second quarter 2022 results: EPS: ج.م0.015 (up from ج.م0.012 in 2Q 2021). Revenue: ج.م219.5m (up 10% from 2Q 2021). Net income: ج.م12.0m (up 38% from 2Q 2021). Profit margin: 5.5% (up from 4.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 12% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 28First quarter 2022 earnings released: EPS: ج.م0.005 (vs ج.م0.035 in 1Q 2021)First quarter 2022 results: EPS: ج.م0.005 (down from ج.م0.035 in 1Q 2021). Revenue: ج.م208.4m (down 6.4% from 1Q 2021). Net income: ج.م3.83m (down 85% from 1Q 2021). Profit margin: 1.8% (down from 11% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 18%, compared to a 1.2% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target decreased to ج.م0.88Down from ج.م1.06, the current price target is provided by 1 analyst. New target price is 67% above last closing price of ج.م0.53. Stock is down 73% over the past year. The company posted earnings per share of ج.م0.062 last year.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Director Ahmad Al Saudi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 09Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: ج.م0.06 (up from ج.م0.042 in FY 2020). Revenue: ج.م797.9m (up 25% from FY 2020). Net income: ج.م49.3m (up 61% from FY 2020). Profit margin: 6.2% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 13%, compared to a 7.8% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 24Now 26% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be ج.م0.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% per annum over the last 3 years. Earnings per share has grown by 51% per annum over the last 3 years.
Buying Opportunity • Feb 08Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be ج.م0.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% per annum over the last 3 years. Earnings per share has grown by 51% per annum over the last 3 years.
Valuation Update With 7 Day Price Move • Oct 19Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ج.م3.92, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 12x in the Building industry in Africa. Total returns to shareholders of 194% over the past three years.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 18% share price gain to ج.م5.01, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 10x in the Building industry in Africa. Total returns to shareholders of 204% over the past three years.
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to ج.م5.10, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 10x in the Building industry in Africa. Total returns to shareholders of 150% over the past three years.
Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to ج.م6.93, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 12x in the Building industry in Africa. Total returns to shareholders of 241% over the past three years.
Reported Earnings • May 09First quarter 2021 earnings released: EPS ج.م0.14 (vs ج.م0.008 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ج.م222.7m (up 43% from 1Q 2020). Net income: ج.م25.0m (up ج.م23.5m from 1Q 2020). Profit margin: 11% (up from 0.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improved over the past weekAfter last week's 24% share price gain to ج.م7.73, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 16x in the Building industry in Africa. Total returns to shareholders of 200% over the past three years.
Upcoming Dividend • Apr 21Inaugural dividend of ج.م0.15 per shareEligible shareholders must have bought the stock before 27 April 2021. Payment date: 28 April 2021. The company last paid an ordinary dividend in April 2018. The average dividend yield among industry peers is 1.5%.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 15% share price gain to ج.م4.36, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 16x in the Building industry in Africa. Total returns to shareholders of 56% over the past three years.
Reported Earnings • Mar 03Full year 2020 earnings released: EPS ج.م0.17 (vs ج.م0.091 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ج.م640.2m (down 19% from FY 2019). Net income: ج.م30.5m (up 87% from FY 2019). Profit margin: 4.8% (up from 2.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 04New 90-day high: ج.م3.23The company is up 9.0% from its price of ج.م2.95 on 05 November 2020. The Egyptian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 10.0% over the same period.
Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ج.م0.02The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ج.م183.4m (down 9.5% from 3Q 2019). Net income: ج.م3.34m (down 47% from 3Q 2019). Profit margin: 1.8% (down from 3.1% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Nov 10New 90-day high: ج.م3.13The company is up 113% from its price of ج.م1.47 on 12 August 2020. The Egyptian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 7.0% over the same period.
Valuation Update With 7 Day Price Move • Nov 09Market bids up stock over the past weekAfter last week's 16% share price gain to ج.م2.95, the stock is trading at a trailing P/E ratio of 61.3x, up from the previous P/E ratio of 52.8x. This compares to an average P/E of 18x in the Building industry in Africa. Total returns to shareholders over the past three years are 19%.
Is New 90 Day High Low • Oct 05New 90-day high: ج.م2.86The company is up 120% from its price of ج.م1.30 on 07 July 2020. The Egyptian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 5.0% over the same period.