Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ج.م18.47, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Consumer Services industry globally. Total returns to shareholders of 397% over the past three years. Reported Earnings • Jul 18
Third quarter 2026 earnings released: EPS: ج.م0.49 (vs ج.م0.46 in 3Q 2025) Third quarter 2026 results: EPS: ج.م0.49 (up from ج.م0.46 in 3Q 2025). Revenue: ج.م951.2m (up 33% from 3Q 2025). Net income: ج.م365.7m (up 10% from 3Q 2025). Profit margin: 38% (down from 46% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Global Consumer Services industry. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 21
Price target increased by 227% to ج.م22.90 Up from ج.م7.00, the current price target is an average from 2 analysts. New target price is 48% above last closing price of ج.م15.52. Stock is up 48% over the past year. The company is forecast to post earnings per share of ج.م0.95 for next year compared to ج.م0.85 last year. Announcement • Nov 04
Taaleem Management Services Company S.A.E., Annual General Meeting, Nov 26, 2025 Taaleem Management Services Company S.A.E., Annual General Meeting, Nov 26, 2025, at 15:00 Egypt Standard Time. Location: giza Egypt Price Target Changed • May 14
Price target increased by 89% to ج.م13.20 Up from ج.م7.00, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ج.م10.65. Stock is up 45% over the past year. The company posted earnings per share of ج.م0.72 last year. Reported Earnings • Nov 09
Full year 2024 earnings released: EPS: ج.م0.72 (vs ج.م0.40 in FY 2023) Full year 2024 results: EPS: ج.م0.72 (up from ج.م0.40 in FY 2023). Revenue: ج.م1.21b (up 62% from FY 2023). Net income: ج.م547.5m (up 89% from FY 2023). Profit margin: 45% (up from 39% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Taaleem Management Services Company S.A.E., Annual General Meeting, Nov 28, 2024 Taaleem Management Services Company S.A.E., Annual General Meeting, Nov 28, 2024, at 15:00 Egypt Standard Time. Location: cairo Egypt Buy Or Sell Opportunity • Oct 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to ج.م9.16. The fair value is estimated to be ج.م7.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to decline by 6.1% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ج.م8.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Consumer Services industry globally. Total returns to shareholders of 109% over the past three years. New Risk • Sep 24
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 7.2% 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: Major Risk High level of non-cash earnings (65% accrual ratio). Minor Risks High level of debt (46% net debt to equity). Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ج.م10.64, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Consumer Services industry globally. Total returns to shareholders of 123% over the past three years. Announcement • Sep 24
asseen Ibrahim Lutfi Mansour acquired 8.34% stake in Taaleem Management Services Company S.A.E. (CASE:TALM) for approximately EGP 510 million. asseen Ibrahim Lutfi Mansour acquired 8.34% stake in Taaleem Management Services Company S.A.E. (CASE:TALM) for approximately EGP 510 million on September 19, 2024.
asseen Ibrahim Lutfi Mansour completed the acquisition of 8.34% stake in Taaleem Management Services Company S.A.E. (CASE:TALM) on September 19, 2024. Buy Or Sell Opportunity • Sep 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to ج.م9.08. The fair value is estimated to be ج.م7.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to decline by 6.1% in the next 2 years. Reported Earnings • Jul 16
Third quarter 2024 earnings released: EPS: ج.م0.34 (vs ج.م0.20 in 3Q 2023) Third quarter 2024 results: EPS: ج.م0.34 (up from ج.م0.20 in 3Q 2023). Revenue: ج.م458.9m (up 59% from 3Q 2023). Net income: ج.م255.7m (up 71% from 3Q 2023). Profit margin: 56% (up from 52% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Global Consumer Services industry. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ج.م7.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Consumer Services industry globally. Total returns to shareholders of 38% over the past three years. Reported Earnings • Apr 25
Second quarter 2024 earnings released: EPS: ج.م0.18 (vs ج.م0.11 in 2Q 2023) Second quarter 2024 results: EPS: ج.م0.18 (up from ج.م0.11 in 2Q 2023). Revenue: ج.م298.1m (up 50% from 2Q 2023). Net income: ج.م137.5m (up 65% from 2Q 2023). Profit margin: 46% (up from 42% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Global Consumer Services industry. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Apr 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ج.م4.83b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (50% accrual ratio). Minor Risk Market cap is less than US$100m (ج.م4.83b market cap, or US$99.9m). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ج.م7.72, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Consumer Services industry globally. Total returns to shareholders of 98% over the past year. Buy Or Sell Opportunity • Feb 22
Now 21% undervalued Over the last 90 days, the stock has risen 39% to ج.م6.50. The fair value is estimated to be ج.م8.19, 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 16%. Reported Earnings • Jan 17
First quarter 2024 earnings released: EPS: ج.م0.30 (vs ج.م0.14 in 1Q 2023) First quarter 2024 results: EPS: ج.م0.30 (up from ج.م0.14 in 1Q 2023). Revenue: ج.م391.9m (up 71% from 1Q 2023). Net income: ج.م218.7m (up 112% from 1Q 2023). Profit margin: 56% (up from 45% in 1Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ج.م6.50, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 25x in the Consumer Services industry in Egypt. Total returns to shareholders of 58% over the past year. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ج.م5.50, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 13x in the Consumer Services industry in Egypt. Total returns to shareholders of 39% over the past year. New Risk • Nov 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ج.م4.61, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 11x in the Consumer Services industry in Egypt. Total returns to shareholders of 32% over the past year. Price Target Changed • Sep 11
Price target increased by 11% to ج.م7.80 Up from ج.م7.00, the current price target is provided by 1 analyst. New target price is 103% above last closing price of ج.م3.85. Stock is up 13% over the past year. The company posted earnings per share of ج.م0.30 last year. Buying Opportunity • Aug 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.8%. The fair value is estimated to be ج.م4.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Reported Earnings • Jul 21
Third quarter 2023 earnings released: EPS: ج.م0.20 (vs ج.م0.19 in 3Q 2022) Third quarter 2023 results: EPS: ج.م0.20 (up from ج.م0.19 in 3Q 2022). Revenue: ج.م289.6m (up 10% from 3Q 2022). Net income: ج.م151.2m (up 11% from 3Q 2022). Profit margin: 52% (in line with 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Global Consumer Services industry. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ج.م3.82, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Consumer Services industry globally. Total loss to shareholders of 2.1% over the past year. Board Change • Nov 16
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. No highly experienced directors. 2 independent directors (9 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. Announcement • Oct 31
Taaleem Management Services Company S.A.E., Annual General Meeting, Nov 20, 2022 Taaleem Management Services Company S.A.E., Annual General Meeting, Nov 20, 2022, at 15:00 E. Europe Standard Time. Location: (N01-3) Neptune Building, Twelve Business Center, Sheikh Zayed, Giza Giza Egypt Agenda: To discuss approval of the Board of Directors Report; to discuss ratification of the Company's financial statements and the auditors' report; to discuss corporate governance report and the auditor's report; to discuss approval of discharging the members of the Board of Directors; to discuss the approval of the proposed dividends; to discuss the attendance allowance of the members of the Board of Directors; to discuss approval of the appointment of the Company's External Auditor; and to discuss the approval of the donations that have been disbursed. Announcement • Oct 25
Taaleem Management Services Company S.A.E. to Report Fiscal Year 2022 Results on Oct 27, 2022 Taaleem Management Services Company S.A.E. announced that they will report fiscal year 2022 results on Oct 27, 2022 Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 21% share price gain to ج.م3.50, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 13x in the Consumer Services industry in Africa. Total loss to shareholders of 32% over the past year. Reported Earnings • Jul 10
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: ج.م263.0m (down 1.7% from 3Q 2021). Net income: ج.م136.4m (up 40% from 3Q 2021). Profit margin: 52% (up from 36% in 3Q 2021). The increase in margin was driven by lower expenses. Price Target Changed • Apr 27
Price target decreased to ج.م6.10 Down from ج.م7.00, the current price target is provided by 1 analyst. New target price is 56% above last closing price of ج.م3.90. Stock is down 28% over the past year. The company posted earnings per share of ج.م0.25 last year. Board Change • Apr 27
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. No highly experienced directors. 2 independent directors (9 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 • Apr 20
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: ج.م0.09 (down from ج.م0.12 in 2Q 2021). Revenue: ج.م162.4m (down 11% from 2Q 2021). Net income: ج.م67.1m (down 7.3% from 2Q 2021). Profit margin: 41% (up from 40% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in Egypt. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 16% share price gain to ج.م3.69, the stock trades at a trailing P/E ratio of 14.6x. Average forward P/E is 16x in the Consumer Services industry in Africa. Total returns to shareholders of 269% over the past year. 
