View ValuationMisr Chemical Industries 향후 성장Future 기준 점검 1/6Misr Chemical Industries (는) 각각 연간 1.4% 및 3.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 1.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 30% 로 예상됩니다.핵심 정보1.4%이익 성장률1.42%EPS 성장률Chemicals 이익 성장3.2%매출 성장률3.9%향후 자기자본이익률30.00%애널리스트 커버리지Low마지막 업데이트04 Dec 2025최근 향후 성장 업데이트Major Estimate Revision • May 31Consensus EPS estimates increase by 19%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ج.م878.0m to ج.م854.0m. EPS estimate rose from ج.م5.75 to ج.م6.83. Net income forecast to shrink 6.1% next year vs 2.1% growth forecast for Chemicals industry in Egypt . Consensus price target of ج.م33.10 unchanged from last update. Share price was steady at ج.م23.49 over the past week.Major Estimate Revision • Feb 21Consensus revenue estimates increase by 61%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ج.م546.0m to ج.م878.0m. EPS estimate increased from ج.م2.79 to ج.م5.75 per share. Net income forecast to grow 128% next year vs 15% growth forecast for Chemicals industry in Egypt. Consensus price target up from ج.م14.74 to ج.م33.10. Share price rose 5.7% to ج.م23.23 over the past week.Price Target Changed • Nov 16Price target increased to ج.م14.74Up from ج.م7.26, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ج.م14.41. Stock is up 63% over the past year. The company is forecast to post earnings per share of ج.م2.79 for next year compared to ج.م2.53 last year.Price Target Changed • Apr 27Price target increased to ج.م14.32Up from ج.م7.26, the current price target is provided by 1 analyst. New target price is 55% above last closing price of ج.م9.24. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of ج.م2.41 for next year compared to ج.م1.82 last year.모든 업데이트 보기Recent updatesNew Risk • May 26New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 214% Dividend yield: 11% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 214% High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (ج.م3.89b market cap, or US$74.5m).Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 9 non-independent directors. Representative Directors Mohamed El-Fotouh was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Aug 28Misr Chemical Industries Co., Annual General Meeting, Sep 27, 2025Misr Chemical Industries Co., Annual General Meeting, Sep 27, 2025, at 15:00 Egypt Standard Time. Location: alexandarie EgyptBoard Change • May 14Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 9 non-independent directors. Representative Directors Mohamed El-Fotouh was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Aug 28Misr Chemical Industries Co., Annual General Meeting, Sep 28, 2024Misr Chemical Industries Co., Annual General Meeting, Sep 28, 2024, at 15:00 Egypt Standard Time. Location: alexandarie EgyptValuation Update With 7 Day Price Move • Mar 18Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ج.م37.04, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Chemicals industry in Egypt. Total returns to shareholders of 379% over the past three years.Valuation Update With 7 Day Price Move • Feb 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ج.م44.48, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Chemicals industry in Egypt. Total returns to shareholders of 438% over the past three years.Reported Earnings • Feb 17Second quarter 2024 earnings released: EPS: ج.م1.97 (vs ج.م2.42 in 2Q 2023)Second quarter 2024 results: EPS: ج.م1.97 (down from ج.م2.42 in 2Q 2023). Revenue: ج.م222.0m (down 14% from 2Q 2023). Net income: ج.م144.4m (down 18% from 2Q 2023). Profit margin: 65% (down from 69% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Chemicals industry in Egypt. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ج.م50.07, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Chemicals industry in Egypt. Total returns to shareholders of 486% over the past three years.New Risk • Jan 29New 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 9.6% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ج.م48.47, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Chemicals industry in Egypt. Total returns to shareholders of 462% over the past three years.Valuation Update With 7 Day Price Move • Oct 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ج.م40.96, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Chemicals industry in Egypt. Total returns to shareholders of 369% over the past three years.Major Estimate Revision • May 31Consensus EPS estimates increase by 19%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ج.م878.0m to ج.م854.0m. EPS estimate rose from ج.م5.75 to ج.م6.83. Net income forecast to shrink 6.1% next year vs 2.1% growth forecast for Chemicals industry in Egypt . Consensus price target of ج.م33.10 unchanged from last update. Share price was steady at ج.م23.49 over the past week.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ج.م22.49, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Chemicals industry in Egypt. Total returns to shareholders of 933% over the past three years.Valuation Update With 7 Day Price Move • Feb 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ج.م26.52, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Chemicals industry in Egypt. Total returns to shareholders of 618% over the past three years.Major Estimate Revision • Feb 21Consensus revenue estimates increase by 61%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ج.م546.0m to ج.م878.0m. EPS estimate increased from ج.م2.79 to ج.م5.75 per share. Net income forecast to grow 128% next year vs 15% growth forecast for Chemicals industry in Egypt. Consensus price target up from ج.م14.74 to ج.م33.10. Share price rose 5.7% to ج.م23.23 over the past week.Valuation Update With 7 Day Price Move • Dec 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to ج.م20.39, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Chemicals industry in Egypt. Total returns to shareholders of 387% over the past three years.Price Target Changed • Nov 16Price target increased to ج.م14.74Up from ج.م7.26, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ج.م14.41. Stock is up 63% over the past year. The company is forecast to post earnings per share of ج.م2.79 for next year compared to ج.م2.53 last year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Oct 30Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ج.م12.38, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Chemicals industry in Egypt. Total returns to shareholders of 149% over the past three years.Upcoming Dividend • Oct 18Upcoming dividend of ج.م1.50 per shareEligible shareholders must have bought the stock before 25 October 2022. Payment date: 29 December 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of Egyptian dividend payers (11%). Higher than average of industry peers (8.9%).Price Target Changed • Apr 27Price target increased to ج.م14.32Up from ج.م7.26, the current price target is provided by 1 analyst. New target price is 55% above last closing price of ج.م9.24. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of ج.م2.41 for next year compared to ج.م1.82 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 17Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: ج.م0.63 (up from ج.م0.55 in 2Q 2021). Revenue: ج.م132.1m (up 8.4% from 2Q 2021). Net income: ج.م46.3m (up 15% from 2Q 2021). Profit margin: 35% (up from 33% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Over the next year, revenue is expected to shrink by 7.5% compared to a 30% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • Oct 19Upcoming dividend of ج.م1.00 per shareEligible shareholders must have bought the stock before 26 October 2021. Payment date: 30 December 2021. Trailing yield: 8.8%. Within top quartile of Egyptian dividend payers (7.4%). Higher than average of industry peers (5.1%).Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improved over the past weekAfter last week's 16% share price gain to ج.م13.99, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Chemicals industry in Egypt. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م9.84 per share.Valuation Update With 7 Day Price Move • May 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to ج.م11.52, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Chemicals industry in Egypt. Total returns to shareholders of 8.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م10.34 per share.Is New 90 Day High Low • Feb 25New 90-day high: ج.م11.37The company is up 1.0% from its price of ج.م11.23 on 26 November 2020. The Egyptian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م8.26 per share.Reported Earnings • Feb 10Second quarter 2021 earnings released: EPS ج.م0.55 (vs ج.م0.076 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ج.م121.9m (up 62% from 2Q 2020). Net income: ج.م40.4m (up ج.م35.0m from 2Q 2020). Profit margin: 33% (up from 7.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 16New 90-day high: ج.م12.15The company is up 90% from its price of ج.م6.39 on 18 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 Chemicals industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م8.30 per share.Upcoming Dividend • Nov 10Upcoming Dividend of ج.م1.00 Per ShareWill be paid on the 19th of November to those who are registered shareholders by the 17th of November. The trailing yield of 8.6% is below the top quartile of Egyptian dividend payers (10%), but it is higher than industry peers (6.0%).Is New 90 Day High Low • Oct 21New 90-day high: ج.م11.92The company is up 103% from its price of ج.م5.87 on 22 July 2020. The Egyptian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 12% over the same period.Is New 90 Day High Low • Sep 23New 90-day high: ج.م8.12The company is up 33% from its price of ج.م6.12 on 25 June 2020. The Egyptian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م6.76 per share.이익 및 매출 성장 예측CASE:MICH - 애널리스트 향후 추정치 및 과거 재무 데이터 (EGP Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수6/30/20281,18351137953316/30/20271,11748833350516/30/20261,066508N/A47413/31/20261,100481205382N/A9/30/20251,081491354555N/A6/30/20251,068512427605N/A3/31/20251,035520190336N/A12/31/202497463263268N/A9/30/202492861851282N/A6/30/202490859911278N/A3/31/2024847565128359N/A12/31/2023874494232458N/A9/30/2023911527373599N/A6/30/2023868494346549N/A3/31/2023828397435583N/A12/31/2022736294350414N/A9/30/2022610163243283N/A6/30/2022551110199250N/A3/31/2022524162163216N/A12/31/2021503147175221N/A9/30/2021492141150198N/A6/30/2021481121150169N/A3/31/2021476143147179N/A12/31/2020461132128161N/A9/30/202041497116139N/A6/30/20203666477105N/A3/31/2020321302846N/A12/31/201930532N/A30N/A9/30/201934562N/A75N/A6/30/201936377N/A92N/A3/31/2019394109N/A128N/A12/31/2018423122N/A166N/A9/30/2018409135N/A163N/A6/30/2018400139N/A162N/A3/31/2018356120N/A164N/A12/31/201728195N/A112N/A9/30/201720941N/A96N/A6/30/201715815N/A61N/A3/31/20171416N/A41N/A12/31/201615115N/A54N/A9/30/201615823N/A28N/A6/30/201617029N/A47N/A3/31/201617534N/A44N/A12/31/201518633N/A55N/A9/30/201519435N/A63N/A6/30/201519536N/A59N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: MICH 의 연간 예상 수익 증가율(1.4%)이 saving rate(15.1%) 미만입니다.수익 vs 시장: MICH 의 연간 수익(1.4%)이 EG 시장(16.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: MICH 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: MICH 의 수익(연간 3.9%)이 EG 시장(연간 13%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: MICH 의 수익(연간 3.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: MICH의 자본 수익률은 3년 후 30%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/28 12:26종가2026/06/28 00:00수익2026/03/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Misr Chemical Industries Co.는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Christine KamalBeltone FinancialPerihan Al-HusseiniPharos Researchnull nullPrime Research
Major Estimate Revision • May 31Consensus EPS estimates increase by 19%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ج.م878.0m to ج.م854.0m. EPS estimate rose from ج.م5.75 to ج.م6.83. Net income forecast to shrink 6.1% next year vs 2.1% growth forecast for Chemicals industry in Egypt . Consensus price target of ج.م33.10 unchanged from last update. Share price was steady at ج.م23.49 over the past week.
Major Estimate Revision • Feb 21Consensus revenue estimates increase by 61%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ج.م546.0m to ج.م878.0m. EPS estimate increased from ج.م2.79 to ج.م5.75 per share. Net income forecast to grow 128% next year vs 15% growth forecast for Chemicals industry in Egypt. Consensus price target up from ج.م14.74 to ج.م33.10. Share price rose 5.7% to ج.م23.23 over the past week.
Price Target Changed • Nov 16Price target increased to ج.م14.74Up from ج.م7.26, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ج.م14.41. Stock is up 63% over the past year. The company is forecast to post earnings per share of ج.م2.79 for next year compared to ج.م2.53 last year.
Price Target Changed • Apr 27Price target increased to ج.م14.32Up from ج.م7.26, the current price target is provided by 1 analyst. New target price is 55% above last closing price of ج.م9.24. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of ج.م2.41 for next year compared to ج.م1.82 last year.
New Risk • May 26New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 214% Dividend yield: 11% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 214% High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (ج.م3.89b market cap, or US$74.5m).
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 9 non-independent directors. Representative Directors Mohamed El-Fotouh was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Aug 28Misr Chemical Industries Co., Annual General Meeting, Sep 27, 2025Misr Chemical Industries Co., Annual General Meeting, Sep 27, 2025, at 15:00 Egypt Standard Time. Location: alexandarie Egypt
Board Change • May 14Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 9 non-independent directors. Representative Directors Mohamed El-Fotouh was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Aug 28Misr Chemical Industries Co., Annual General Meeting, Sep 28, 2024Misr Chemical Industries Co., Annual General Meeting, Sep 28, 2024, at 15:00 Egypt Standard Time. Location: alexandarie Egypt
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ج.م37.04, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Chemicals industry in Egypt. Total returns to shareholders of 379% over the past three years.
Valuation Update With 7 Day Price Move • Feb 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ج.م44.48, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Chemicals industry in Egypt. Total returns to shareholders of 438% over the past three years.
Reported Earnings • Feb 17Second quarter 2024 earnings released: EPS: ج.م1.97 (vs ج.م2.42 in 2Q 2023)Second quarter 2024 results: EPS: ج.م1.97 (down from ج.م2.42 in 2Q 2023). Revenue: ج.م222.0m (down 14% from 2Q 2023). Net income: ج.م144.4m (down 18% from 2Q 2023). Profit margin: 65% (down from 69% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Chemicals industry in Egypt. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ج.م50.07, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Chemicals industry in Egypt. Total returns to shareholders of 486% over the past three years.
New Risk • Jan 29New 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 9.6% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ج.م48.47, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Chemicals industry in Egypt. Total returns to shareholders of 462% over the past three years.
Valuation Update With 7 Day Price Move • Oct 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ج.م40.96, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Chemicals industry in Egypt. Total returns to shareholders of 369% over the past three years.
Major Estimate Revision • May 31Consensus EPS estimates increase by 19%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ج.م878.0m to ج.م854.0m. EPS estimate rose from ج.م5.75 to ج.م6.83. Net income forecast to shrink 6.1% next year vs 2.1% growth forecast for Chemicals industry in Egypt . Consensus price target of ج.م33.10 unchanged from last update. Share price was steady at ج.م23.49 over the past week.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ج.م22.49, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Chemicals industry in Egypt. Total returns to shareholders of 933% over the past three years.
Valuation Update With 7 Day Price Move • Feb 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ج.م26.52, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Chemicals industry in Egypt. Total returns to shareholders of 618% over the past three years.
Major Estimate Revision • Feb 21Consensus revenue estimates increase by 61%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ج.م546.0m to ج.م878.0m. EPS estimate increased from ج.م2.79 to ج.م5.75 per share. Net income forecast to grow 128% next year vs 15% growth forecast for Chemicals industry in Egypt. Consensus price target up from ج.م14.74 to ج.م33.10. Share price rose 5.7% to ج.م23.23 over the past week.
Valuation Update With 7 Day Price Move • Dec 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to ج.م20.39, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Chemicals industry in Egypt. Total returns to shareholders of 387% over the past three years.
Price Target Changed • Nov 16Price target increased to ج.م14.74Up from ج.م7.26, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ج.م14.41. Stock is up 63% over the past year. The company is forecast to post earnings per share of ج.م2.79 for next year compared to ج.م2.53 last year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Oct 30Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ج.م12.38, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Chemicals industry in Egypt. Total returns to shareholders of 149% over the past three years.
Upcoming Dividend • Oct 18Upcoming dividend of ج.م1.50 per shareEligible shareholders must have bought the stock before 25 October 2022. Payment date: 29 December 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of Egyptian dividend payers (11%). Higher than average of industry peers (8.9%).
Price Target Changed • Apr 27Price target increased to ج.م14.32Up from ج.م7.26, the current price target is provided by 1 analyst. New target price is 55% above last closing price of ج.م9.24. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of ج.م2.41 for next year compared to ج.م1.82 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 17Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: ج.م0.63 (up from ج.م0.55 in 2Q 2021). Revenue: ج.م132.1m (up 8.4% from 2Q 2021). Net income: ج.م46.3m (up 15% from 2Q 2021). Profit margin: 35% (up from 33% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Over the next year, revenue is expected to shrink by 7.5% compared to a 30% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Oct 19Upcoming dividend of ج.م1.00 per shareEligible shareholders must have bought the stock before 26 October 2021. Payment date: 30 December 2021. Trailing yield: 8.8%. Within top quartile of Egyptian dividend payers (7.4%). Higher than average of industry peers (5.1%).
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improved over the past weekAfter last week's 16% share price gain to ج.م13.99, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Chemicals industry in Egypt. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م9.84 per share.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to ج.م11.52, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Chemicals industry in Egypt. Total returns to shareholders of 8.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م10.34 per share.
Is New 90 Day High Low • Feb 25New 90-day high: ج.م11.37The company is up 1.0% from its price of ج.م11.23 on 26 November 2020. The Egyptian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م8.26 per share.
Reported Earnings • Feb 10Second quarter 2021 earnings released: EPS ج.م0.55 (vs ج.م0.076 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ج.م121.9m (up 62% from 2Q 2020). Net income: ج.م40.4m (up ج.م35.0m from 2Q 2020). Profit margin: 33% (up from 7.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 16New 90-day high: ج.م12.15The company is up 90% from its price of ج.م6.39 on 18 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 Chemicals industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م8.30 per share.
Upcoming Dividend • Nov 10Upcoming Dividend of ج.م1.00 Per ShareWill be paid on the 19th of November to those who are registered shareholders by the 17th of November. The trailing yield of 8.6% is below the top quartile of Egyptian dividend payers (10%), but it is higher than industry peers (6.0%).
Is New 90 Day High Low • Oct 21New 90-day high: ج.م11.92The company is up 103% from its price of ج.م5.87 on 22 July 2020. The Egyptian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 12% over the same period.
Is New 90 Day High Low • Sep 23New 90-day high: ج.م8.12The company is up 33% from its price of ج.م6.12 on 25 June 2020. The Egyptian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م6.76 per share.