Announcement • Mar 17
Fawry for Banking Technology and Electronic Payments S.A.E., Annual General Meeting, Apr 08, 2026 Fawry for Banking Technology and Electronic Payments S.A.E., Annual General Meeting, Apr 08, 2026, at 15:00 Egypt Standard Time. Location: giza Egypt Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ج.م11.50, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 8x in the Diversified Financial industry in Africa. Total returns to shareholders of 185% over the past three years. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: ج.م0.18 (vs ج.م0.09 in 1Q 2024) First quarter 2025 results: EPS: ج.م0.18 (up from ج.م0.09 in 1Q 2024). Revenue: ج.م1.79b (up 65% from 1Q 2024). Net income: ج.م605.4m (up 97% from 1Q 2024). Profit margin: 34% (up from 28% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Board Change • May 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Rafi Kassem was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 06
Fawry for Banking Technology and Electronic Payments S.A.E., Annual General Meeting, Mar 27, 2025 Fawry for Banking Technology and Electronic Payments S.A.E., Annual General Meeting, Mar 27, 2025, at 14:00 Egypt Standard Time. Location: giza Egypt Announcement • Feb 28
Fawry for Banking Technology and Electronic Payments S.A.E. (CASE:FWRY) acquired 51% stake in Dirac Systems. Fawry for Banking Technology and Electronic Payments S.A.E. (CASE:FWRY) acquired 51% stake in Dirac Systems on February 26, 2025. In a separate transactions, Fawry for Banking Technology and Electronic Payments S.A.E. (CASE:FWRY) acquired 51% and 56.6% stake in Code Zone and Virtual CFO respectively. The three transactions had a combined value of EGP 80 million. Through these strategic investments, Fawry continues to position itself as a leader in Egypt’s technology and fintech sector, offering a more robust suite of digital services to businesses while contributing to the growth and evolution of the country’s tech landscape.
Fawry for Banking Technology and Electronic Payments S.A.E. (CASE:FWRY) completed the acquisition of 51% stake in Dirac Systems on February 26, 2025. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: ج.م0.092 (vs ج.م0.048 in 2Q 2023) Second quarter 2024 results: EPS: ج.م0.092 (up from ج.م0.048 in 2Q 2023). Revenue: ج.م1.21b (up 58% from 2Q 2023). Net income: ج.م321.7m (up 101% from 2Q 2023). Profit margin: 27% (up from 21% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ج.م6.50, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 7x in the Diversified Financial industry in Africa. Total loss to shareholders of 37% over the past three years. Major Estimate Revision • May 28
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ج.م4.64b to ج.م4.98b. EPS estimate increased from ج.م0.31 to ج.م0.356 per share. Net income forecast to grow 63% next year vs 13% growth forecast for Diversified Financial industry in Egypt. Consensus price target up from ج.م7.20 to ج.م8.17. Share price was steady at ج.م6.06 over the past week. Price Target Changed • May 25
Price target increased by 13% to ج.م8.10 Up from ج.م7.20, the current price target is an average from 3 analysts. New target price is 32% above last closing price of ج.م6.15. Stock is up 7.9% over the past year. The company is forecast to post earnings per share of ج.م0.34 for next year compared to ج.م0.18 last year. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ج.م0.09 (vs ج.م0.037 in 1Q 2023) First quarter 2024 results: EPS: ج.م0.09 (up from ج.م0.037 in 1Q 2023). Revenue: ج.م1.09b (up 61% from 1Q 2023). Net income: ج.م313.7m (up 154% from 1Q 2023). Profit margin: 29% (up from 18% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. 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.م6.47, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 8x in the Diversified Financial industry in Africa. Total loss to shareholders of 40% over the past three years. New Risk • Apr 11
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 11% 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 Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ج.م7.06, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 8x in the Diversified Financial industry in Africa. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ج.م8.35, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 8x in the Diversified Financial industry in Africa. Total loss to shareholders of 20% over the past three years. Reported Earnings • Mar 07
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ج.م0.18 (up from ج.م0.082 in FY 2022). Revenue: ج.م3.27b (up 44% from FY 2022). Net income: ج.م617.6m (up 192% from FY 2022). Profit margin: 19% (up from 9.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ج.م7.21, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 8x in the Diversified Financial industry in Africa. Total loss to shareholders of 31% over the past three years. Price Target Changed • Jan 26
Price target increased by 7.1% to ج.م6.76 Up from ج.م6.31, the current price target is an average from 4 analysts. New target price is 24% above last closing price of ج.م5.44. Stock is down 18% over the past year. The company is forecast to post earnings per share of ج.م0.18 for next year compared to ج.م0.082 last year. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: ج.م0.065 (vs ج.م0.031 in 3Q 2022) Third quarter 2023 results: EPS: ج.م0.065 (up from ج.م0.031 in 3Q 2022). Revenue: ج.م873.2m (up 42% from 3Q 2022). Net income: ج.م203.5m (up 184% from 3Q 2022). Profit margin: 23% (up from 12% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: ج.م0.042 (vs ج.م0.013 in 2Q 2022) Second quarter 2023 results: EPS: ج.م0.042 (up from ج.م0.013 in 2Q 2022). Revenue: ج.م768.5m (up 45% from 2Q 2022). Net income: ج.م159.8m (up ج.م135.6m from 2Q 2022). Profit margin: 21% (up from 4.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Price Target Changed • May 27
Price target increased by 9.6% to ج.م5.95 Up from ج.م5.42, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ج.م5.70. Stock is up 43% over the past year. The company is forecast to post earnings per share of ج.م0.13 for next year compared to ج.م0.082 last year. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ج.م0.04 (vs ج.م0.016 in 1Q 2022) First quarter 2023 results: EPS: ج.م0.04 (up from ج.م0.016 in 1Q 2022). Revenue: ج.م675.7m (up 40% from 1Q 2022). Net income: ج.م123.3m (up 338% from 1Q 2022). Profit margin: 18% (up from 5.8% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Diversified Financial industry in Africa. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 09
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: ج.م0.08. Revenue: ج.م2.28b (up 38% from FY 2021). Net income: ج.م240.1m (up 52% from FY 2021). Profit margin: 11% (up from 9.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 23% growth forecast for the IT industry in Africa. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: ج.م0.019 (vs ج.م0.021 in 3Q 2021) Third quarter 2022 results: EPS: ج.م0.019. Revenue: ج.م613.7m (up 37% from 3Q 2021). Net income: ج.م71.8m (up 99% from 3Q 2021). Profit margin: 12% (up from 8.1% in 3Q 2021). 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 25% growth forecast for the IT industry in Africa. Price Target Changed • Oct 12
Price target decreased to ج.م5.23 Down from ج.م5.67, the current price target is an average from 4 analysts. New target price is 52% above last closing price of ج.م3.44. Stock is down 79% over the past year. The company is forecast to post earnings per share of ج.م0.067 for next year compared to ج.م0.12 last year. Announcement • Sep 19
Fawry for Banking Technology and Electronic Payments S.A.E.(CASE:FWRY) dropped from FTSE All-World Index (USD) Fawry for Banking Technology and Electronic Payments S.A.E.(CASE:FWRY) dropped from FTSE All-World Index (USD) Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ج.م2.95, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 19x in the IT industry globally. Total loss to shareholders of 70% over the past year. Reported Earnings • Jun 18
First quarter 2022 earnings released: EPS: ج.م0.02 (vs ج.م0.084 in 1Q 2021) First quarter 2022 results: EPS: ج.م0.02 (down from ج.م0.084 in 1Q 2021). Revenue: ج.م483.0m (up 38% from 1Q 2021). Net income: ج.م28.2m (down 63% from 1Q 2021). Profit margin: 5.8% (down from 22% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 44%, compared to a 32% growth forecast for the industry in Egypt. Reported Earnings • Apr 27
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: ج.م0.12 (down from ج.م0.18 in FY 2020). Revenue: ج.م1.66b (up 34% from FY 2020). Net income: ج.م157.9m (down 3.6% from FY 2020). Profit margin: 9.5% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 33%, compared to a 15% growth forecast for the industry in Egypt. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 10 non-independent directors. Independent Director Huissen Choucri was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 14
Alpha Oryx Limited acquired a 12.6% stake in Fawry for Banking Technology and Electronic Payments S.A.E. (CASE:FWRY) for $68.6 million. Alpha Oryx Limited acquired a 12.6% stake in Fawry for Banking Technology and Electronic Payments S.A.E. (CASE:FWRY) for $68.6 million on April 14, 2022.
Alpha Oryx Limited completed the acquisition of a 12.6% stake in Fawry for Banking Technology and Electronic Payments S.A.E. (CASE:FWRY) on April 14, 2022. Buying Opportunity • Apr 10
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 64%. The fair value is estimated to be ج.م6.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 32% per annum. Earnings is also forecast to grow by 31% per annum over the same time period. Price Target Changed • Apr 06
Price target decreased to ج.م15.54 Down from ج.م17.88, the current price target is an average from 3 analysts. New target price is 186% above last closing price of ج.م5.44. Stock is down 84% over the past year. The company is forecast to post earnings per share of ج.م0.14 for next year compared to ج.م0.18 last year. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorated over the past week After last week's 46% share price decline to ج.م5.44, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 23x in the IT industry globally. Total loss to shareholders of 70% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ج.م6.15 per share. Price Target Changed • Aug 20
Price target decreased to ج.م18.70 Down from ج.م20.77, the current price target is an average from 4 analysts. New target price is 12% above last closing price of ج.م16.72. Stock is down 13% over the past year. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS ج.م0.04 (vs ج.م0.047 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ج.م393.6m (up 35% from 2Q 2020). Net income: ج.م37.2m (down 6.0% from 2Q 2020). Profit margin: 9.4% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Announcement • Jul 15
Fawry for Banking Technology and Electronic Payments S.A.E. (CASE:FWRY) acquired minority stake in Elmenus. Fawry for Banking Technology and Electronic Payments S.A.E. (CASE:FWRY) acquired minority stake in Elmenus on July 14, 2021.
Fawry for Banking Technology and Electronic Payments S.A.E. (CASE:FWRY) completed the acquisition of minority stake in Elmenus on July 14, 2021. Reported Earnings • May 24
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ج.م349.0m (up 35% from 1Q 2020). Net income: ج.م76.1m (up 146% from 1Q 2020). Profit margin: 22% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Price Target Changed • Apr 19
Price target decreased to ج.م24.77 Down from ج.م28.38, the current price target is an average from 2 analysts. New target price is 16% above last closing price of ج.م21.28. Stock is up 185% over the past year. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS ج.م0.18 (vs ج.م0.099 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ج.م1.23b (up 40% from FY 2019). Net income: ج.م163.8m (up 83% from FY 2019). Profit margin: 13% (up from 10% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 08
New 90-day high: ج.م47.93 The company is up 48% from its price of ج.م32.35 on 10 November 2020. The Egyptian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م13.56 per share. Is New 90 Day High Low • Jan 20
New 90-day high: ج.م39.32 The company is up 44% from its price of ج.م27.36 on 22 October 2020. The Egyptian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م13.76 per share. Is New 90 Day High Low • Jan 04
New 90-day high: ج.م37.73 The company is up 30% from its price of ج.م29.01 on 06 October 2020. The Egyptian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م13.81 per share. Price Target Changed • Dec 09
Price target raised to ج.م36.40 Up from ج.م31.30, the current price target is an average from 2 analysts. The new target price is 12% above the current share price of ج.م32.60. As of last close, the stock is up 300% over the past year. Is New 90 Day High Low • Oct 27
New 90-day high: ج.م30.20 The company is up 70% from its price of ج.م17.79 on 29 July 2020. The Egyptian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 33% over the same period. Announcement • Jul 30
Fawry for Banking Technology and Electronic Payments S.A.E. announced that it expects to receive EGP 400 million in funding Fawry for Banking Technology and Electronic Payments S.A.E. (CASE:FWRY) announced that it will receive EGP 400,000,000 in its equity round of funding on July 26, 2020.