Aankondiging • Mar 30
Palm Hills Developments S.A.E., Annual General Meeting, Apr 20, 2026 Palm Hills Developments S.A.E., Annual General Meeting, Apr 20, 2026, at 14:30 Egypt Standard Time. Location: giza Egypt Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ج.م0.54 (vs ج.م0.34 in 1Q 2024) First quarter 2025 results: EPS: ج.م0.54 (up from ج.م0.34 in 1Q 2024). Revenue: ج.م8.39b (up 35% from 1Q 2024). Net income: ج.م1.54b (up 54% from 1Q 2024). Profit margin: 18% (up from 16% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Real Estate industry in Africa. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 2 independent directors (10 non-independent directors). Co-CEO, MD & Director Tarek Mohamed Salah El Deen Tantawy was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Mar 13
Palm Hills Developments S.A.E., Annual General Meeting, Apr 08, 2025 Palm Hills Developments S.A.E., Annual General Meeting, Apr 08, 2025, at 15:00 Egypt Standard Time. Location: giza Egypt Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ج.م5.95, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Real Estate industry in Africa. Total returns to shareholders of 239% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ج.م5.71, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Real Estate industry in Africa. Total returns to shareholders of 224% over the past three years. Aankondiging • Oct 03
Palm Hills Developments S.A.E. (CASE:PHDC) agreed to acquire 29.59% stake in Taaleem Management Services Company S.A.E. (CASE:TALM) for EGP 1.8 billion. Palm Hills Developments S.A.E. (CASE:PHDC) agreed to acquire 29.59% stake in Taaleem Management Services Company S.A.E. (CASE:TALM) for EGP 1.8 billion on October 1, 2024. A cash consideration valued at EGP 8.25 per share will be paid by Palm Hills Developments S.A.E. As part of acquisition, 216.112 million shares will be acquired. The transaction is subject to approval of offer by Palm Hills Developments shareholders. Palm Hills Developments board approved the deal. Major Estimate Revision • Sep 03
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ج.م22.2b to ج.م24.4b. EPS estimate increased from ج.م0.93 to ج.م1.11 per share. Net income forecast to grow 49% next year vs 30% growth forecast for Real Estate industry in Egypt. Consensus price target up from ج.م5.95 to ج.م6.71. Share price rose 11% to ج.م6.58 over the past week. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: ج.م0.23 (vs ج.م0.12 in 2Q 2023) Second quarter 2024 results: EPS: ج.م0.23 (up from ج.م0.12 in 2Q 2023). Revenue: ج.م4.71b (up 39% from 2Q 2023). Net income: ج.م701.7m (up 97% from 2Q 2023). Profit margin: 15% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Real Estate industry in Africa. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 45% per year. New Risk • Aug 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Egyptian stocks, typically moving 7.3% 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 • Aug 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ج.م5.04, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Real Estate industry in Africa. Total returns to shareholders of 204% over the past three years. Price Target Changed • Jul 05
Price target increased by 11% to ج.م5.53 Up from ج.م4.97, the current price target is an average from 4 analysts. New target price is 29% above last closing price of ج.م4.30. Stock is up 107% over the past year. The company is forecast to post earnings per share of ج.م0.77 for next year compared to ج.م0.54 last year. Major Estimate Revision • Jul 05
Consensus revenue estimates increase by 20% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ج.م18.5b to ج.م22.2b. EPS estimate increased from ج.م0.77 to ج.م0.93 per share. Net income forecast to grow 3.5% next year vs 12% growth forecast for Real Estate industry in Egypt. Consensus price target up from ج.م4.46 to ج.م4.97. Share price rose 2.1% to ج.م4.30 over the past week. Major Estimate Revision • Jun 06
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ج.م0.677 to ج.م0.777. Revenue forecast unchanged at ج.م20.2b. Net income forecast to grow 5.3% next year vs 12% growth forecast for Real Estate industry in Egypt. Consensus price target broadly unchanged at ج.م4.97. Share price rose 5.1% to ج.م3.92 over the past week. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ج.م3.50, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Real Estate industry in Africa. Total returns to shareholders of 135% over the past three years. Major Estimate Revision • May 21
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ج.م21.9b to ج.م20.2b. EPS estimate also fell from ج.م0.784 per share to ج.م0.677 per share. Net income forecast to grow 28% next year vs 23% growth forecast for Real Estate industry in Egypt. Consensus price target up from ج.م4.48 to ج.م4.94. Share price rose 9.9% to ج.م3.32 over the past week. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ج.م3.43, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Real Estate industry in Africa. Total returns to shareholders of 133% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ج.م4.21, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Real Estate industry in Egypt. Total returns to shareholders of 189% over the past three years. Aankondiging • Mar 06
Palm Hills Developments S.A.E., Annual General Meeting, Mar 25, 2024 Palm Hills Developments S.A.E., Annual General Meeting, Mar 25, 2024. Price Target Changed • Feb 29
Price target increased by 9.3% to ج.م4.48 Up from ج.م4.10, the current price target is an average from 4 analysts. New target price is 7.3% below last closing price of ج.م4.83. Stock is up 133% over the past year. The company is forecast to post earnings per share of ج.م0.46 for next year compared to ج.م0.42 last year. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ج.م4.48, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Real Estate industry in Egypt. Total returns to shareholders of 209% over the past three years. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ج.م3.65, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Real Estate industry in Egypt. Total returns to shareholders of 146% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ج.م3.10, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Real Estate industry in Africa. Total returns to shareholders of 153% over the past three years. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ج.م0.15 (vs ج.م0.12 in 3Q 2022) Third quarter 2023 results: EPS: ج.م0.15 (up from ج.م0.12 in 3Q 2022). Revenue: ج.م4.36b (up 31% from 3Q 2022). Net income: ج.م441.3m (up 27% from 3Q 2022). Profit margin: 10% (in line with 3Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in Egypt. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 18
Price target increased by 7.3% to ج.م3.65 Up from ج.م3.40, the current price target is an average from 5 analysts. New target price is 24% above last closing price of ج.م2.94. Stock is up 81% over the past year. The company is forecast to post earnings per share of ج.م0.42 for next year compared to ج.م0.42 last year. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ج.م2.44, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Real Estate industry in Africa. Total returns to shareholders of 112% over the past three years. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: ج.م0.087 (vs ج.م0.084 in 2Q 2021) Second quarter 2022 results: EPS: ج.م0.087 (up from ج.م0.084 in 2Q 2021). Revenue: ج.م4.04b (up 99% from 2Q 2021). Net income: ج.م263.5m (up 2.6% from 2Q 2021). Profit margin: 6.5% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 4 years, compared to a 9.1% growth forecast for the Real Estate industry in Egypt. New Risk • Aug 20
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (8.7% net profit margin). Price Target Changed • May 11
Price target increased by 7.3% to ج.م3.30 Up from ج.م3.08, the current price target is an average from 5 analysts. New target price is 68% above last closing price of ج.م1.97. Stock is up 32% over the past year. The company is forecast to post earnings per share of ج.م0.37 for next year compared to ج.م0.27 last year. Buying Opportunity • May 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.6%. The fair value is estimated to be ج.م2.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 21% per annum over the same time period. Buying Opportunity • Apr 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be ج.م2.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 21% per annum over the same time period. Price Target Changed • Mar 29
Price target increased by 8.6% to ج.م3.19 Up from ج.م2.93, the current price target is an average from 6 analysts. New target price is 72% above last closing price of ج.م1.86. Stock is up 18% over the past year. The company is forecast to post earnings per share of ج.م0.37 for next year compared to ج.م0.27 last year. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ج.م1.66, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Real Estate industry in Africa. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م2.33 per share. Buying Opportunity • Mar 13
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 7.8%. The fair value is estimated to be ج.م2.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Price Target Changed • Mar 09
Price target increased by 8.3% to ج.م3.08 Up from ج.م2.84, the current price target is an average from 6 analysts. New target price is 53% above last closing price of ج.م2.01. Stock is up 35% over the past year. The company is forecast to post earnings per share of ج.م0.37 for next year compared to ج.م0.27 last year. Buying Opportunity • Feb 22
Now 21% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be ج.م2.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Buying Opportunity • Feb 02
Now 22% undervalued Over the last 90 days, the stock is up 42%. The fair value is estimated to be ج.م2.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Board Change • Nov 16
Less than half of directors are independent Following 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. 11 non-independent directors. Director Tarek Mohamed Salah El Deen Tantawy was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 18
Palm Hills Developments S.A.E., Annual General Meeting, Nov 06, 2022 Palm Hills Developments S.A.E., Annual General Meeting, Nov 06, 2022, at 15:00 E. Europe Standard Time. Price Target Changed • Sep 28
Price target increased to ج.م2.88 Up from ج.م2.62, the current price target is an average from 3 analysts. New target price is 115% above last closing price of ج.م1.34. Stock is down 29% over the past year. The company is forecast to post earnings per share of ج.م0.34 for next year compared to ج.م0.27 last year. Board Change • Sep 28
Less than half of directors are independent Following 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. 11 non-independent directors. Director Tarek Mohamed Salah El Deen Tantawy was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 04
Palm Hills Developments and Taaleem Management Services Ink Shareholder Agreement to Establish University in Badya, in Collaboration with Medical University of Vienna International Palm Hills Developments and Taaleem Management Services announce signing a Shareholder Agreement to establish an educational company with the purpose of developing a University campus in Badya, PHD's integrated project that is currently under development in West Cairo. Through said platform, the joint venture will be developing a University in Badya which will include several faculties, subject to regulatory approvals, and is expected to serve up to 9,000 students. The investment cost is expected to be in the range of EGP1.6-1.9 billion, to be financed by equity and debt. The first faculty will be offering life sciences in collaboration with Medical University of Vienna International ("MUVI"). The faculty is expected to commence enrollments during 2022. The partnership is in active dialogue with a number of international universities and faculties to establish branches in Badya, Egypt. Aankondiging • Oct 01
Palm Hills Developments Applies to Cancel Listing and Terminate GDR Programmes Palm Hills Developments S.A.E. announced that it has applied for the cancellation of the admission to listing of its global depositary receipts ("GDRs") on the Official List of the Financial Conduct Authority (the "FCA") and the cancellation of the admission to trading of its GDRs on the main market of the London Stock Exchange (the "LSE"), which will take effect on 22 December 2020. In addition, the GDR programmes will be terminated and the GDRs cancelled. Such termination and cancellation will also take effect on 22 December 2020. This notice is given in fulfilment of the obligation under LR 5.2.8R. PHD has applied for the cancellation of the admissions to listing and trading of its GDRs due to the low volume of GDRs being traded on the main market of the LSE. PHD believes that, given the limited liquidity of the GDRs, the costs and administrative burden of maintaining the admission to listing of the GDRs on the FCA's Official List and the admission to trading on the main market of the LSE are disproportionate to the benefits of such admissions. Each GDR represents 20 ordinary shares of PHD (the "Shares"). The Shares represented by the GDRs will continue to be listed and traded on the Egyptian Stock Exchange. Aankondiging • Aug 20
Palm Hills Developments S.A.E. Decides To Cancel GDRs From LSE Palm Hills Developments S.A.E. decided to cancel its global depository receipts (GDRs), according to the company's ?August 19th statement filed to the Egyptian Exchange. The company's extraordinary general meeting approved the cancellation and writing off GDRs from London Stock Exchange. Aankondiging • Jul 17
Arab African International Bank acquired 12.25% stake in Palm Hills Developments S.A.E. (CASE : PHDC) for for approximately EGP 540 million. Arab African International Bank acquired 12.25% stake in Palm Hills Developments S.A.E. (CASE : PHDC) for approximately EGP 540 million on July 14, 2020.
Arab African International Bank completed the acquisition of 12.25% stake in Palm Hills Developments S.A.E. (CASE : PHDC) on July 14, 2020.