Announcement • Mar 19
EFG Holding Company S.A.E Announces Committee Changes The Board of Directors of EFG Holding Company S.A.E approved the resignation of Mr. Karim Awad from the Nomination Committee and approved the appointment of Mrs. Mona Zulficar as Chairperson of the Remuneration and Compensation Committee. Announcement • Jun 24
EFG Holding Company S.A.E completed the Spin-Off of U Consumer Finance S..a.e. EFG Holding Company S.A.E agreed to Spin-Off a 20.49% stake in U Consumer Finance S..a.e. on March 19, 2025. The Board of Directors of the Company unanimously approved the restructuring. As of May 28, 2025, U Consumer Finance S.A.E. Valu’s shares will be admitted to trading on the EGX following registration with the Egyptian Financial Regulatory Authority (the “FRA”), the completion of the Dividend Distribution and the ratification of the trading disclosure report by the FRA. EFG Holding has determined that the record date is set on 12 June 2025, for the owners of shares of EFG Holding and the purchasers of shares of EFG Holding, as of the end of the trading session held on the Thursday 12 June 2025, which accordingly will become direct shareholders in Valu, after completing the necessary procedures. The Dividend Distribution was approved by the Ordinary General Assembly meeting of the shareholders of EFG Holding on 24 May 2025 (the “OGM”). The OGM approved the utilization of EGP 335,322,346 out of the distributable retained earnings of EFG Holding, which figure is based on the financial statements of EFG Holding for the financial year ending on 31 December 2024, for the purposes of an in-kind dividend distribution (in lieu of a cash dividend distribution) to the shareholders of EFG Holding, in the form of shares in the share capital of Valu, which shares represent 20.488% of the share capital of Valu. The commencement of trading on the Valu shares on the EGX is expected to take place during the week commencing on 22 June 2025, subject to receipt of the relevant regulatory approvals.
EFG Holding and U Consumer Finance have appointed EFG Hermes Promoting and Underwriting S.A.E. as the sole financial advisor and manager of the EGX listing and trading process, along with Zulficar & Partners Law Firm serving as legal advisor on the listing and trading process. EFG Holding also engaged Gibson, Dunn & Crutcher LLP to act as legal counsel to EFG Holding in connection with the international aspects of the transaction.
EFG Holding Company S.A.E completed the Spin-Off a 20.49% stake in U Consumer Finance S..a.e. on June 23, 2025. Announcement • Jun 11
EFG Holding Company S.A.E Approves Distribution for the Financial Year Ending on 31 December 2024 The Ordinary General Assembly Meeting of the Shareholders of EFG Holding Company S.A.E held on 24 May 2025 had approved the distribution of a portion of the retained earnings distributable by the Company, in respect of the financial year ending on 31 December 2024, amounting to EGP 335,322,346 and representing EGP 0.2335 per Company share, in the form of shares in the share capital of Valu, in lieu of a cash dividend distribution, representing 20.488% of the share capital of Valu, based on the book value per share of Valu amounting to EGP 0.777 per share. As disclosed previously on 27 May 2025, the Record Date has been set on 12 June 2025, for the owners of shares of the Company and the purchasers of shares of the Company, as of the end of the trading session held on 12 June 2025. Reported Earnings • May 22
First quarter 2025 earnings released: EPS: ج.م0.83 (vs ج.م1.25 in 1Q 2024) First quarter 2025 results: EPS: ج.م0.83 (down from ج.م1.25 in 1Q 2024). Revenue: ج.م5.38b (down 13% from 1Q 2024). Net income: ج.م1.20b (down 34% from 1Q 2024). Profit margin: 22% (down from 30% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Capital Markets industry in Africa. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 05
EFG Holding Company S.A.E, Annual General Meeting, May 24, 2025 EFG Holding Company S.A.E, Annual General Meeting, May 24, 2025, at 10:00 Egypt Standard Time. Location: giza Egypt Price Target Changed • Sep 27
Price target increased by 15% to ج.م29.15 Up from ج.م25.40, the current price target is an average from 4 analysts. New target price is 22% above last closing price of ج.م23.95. Stock is up 62% over the past year. The company is forecast to post earnings per share of ج.م2.99 for next year compared to ج.م1.71 last year. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ج.م23.19, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Capital Markets industry in Africa. Total returns to shareholders of 178% over the past three years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ج.م0.54 (vs ج.م0.28 in 2Q 2023) Second quarter 2024 results: EPS: ج.م0.54 (up from ج.م0.28 in 2Q 2023). Revenue: ج.م5.18b (up 77% from 2Q 2023). Net income: ج.م790.7m (up 95% from 2Q 2023). Profit margin: 15% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Capital Markets industry in Africa. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 36% per year. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ج.م22.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Capital Markets industry in Africa. Total returns to shareholders of 205% over the past three years. Reported Earnings • May 25
First quarter 2024 earnings released: EPS: ج.م1.25 (vs ج.م0.59 in 1Q 2023) First quarter 2024 results: EPS: ج.م1.25 (up from ج.م0.59 in 1Q 2023). Revenue: ج.م6.16b (up 85% from 1Q 2023). Net income: ج.م1.82b (up 110% from 1Q 2023). Profit margin: 30% (up from 26% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Capital Markets industry in Africa. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year. Announcement • Apr 24
EFG Holding Company, Annual General Meeting, May 18, 2024 EFG Holding Company, Annual General Meeting, May 18, 2024, at 14:00 Coordinated Universal Time. Location: registered under no. 12665 at 6th October Commercial Registry of Giza and headquartered at Building No. B129, Phase 3, Smart Village, KM 28, Cairo Alexandria Desert Road Egypt Egypt Agenda: To approve the Board of Directors report on the Company's activities for the fiscal year ended 31/12/2023; to approve the auditor's report on the financial statements for the fiscal year ended 31/12/2023; to ratify the financial statements for the fiscal year ended 31/12/2023; to approve the corporate governance report for the fiscal year ended 31/12/2023; to discharge the Chairperson and Members of the Board from all liabilities with regard to the Company's activities during the fiscal year 2023; to approve non-executive Board members' remunerations for the fiscal year 2023, and determine the Board of Directors' remunerations; and to consider other matters. Price Target Changed • Mar 26
Price target increased by 14% to ج.م20.15 Up from ج.م17.63, the current price target is an average from 4 analysts. New target price is 6.6% above last closing price of ج.م18.90. Stock is up 46% over the past year. The company is forecast to post earnings per share of ج.م2.80 for next year compared to ج.م1.71 last year. Reported Earnings • Mar 21
Full year 2023 earnings released Full year 2023 results: Revenue: ج.م14.2b (up 69% from FY 2022). Net income: ج.م2.50b (up 36% from FY 2022). Profit margin: 18% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Capital Markets industry in Africa. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ج.م18.21, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Capital Markets industry globally. Total returns to shareholders of 133% over the past three years. Announcement • Dec 07
EFG Holding Announces Jordan Exit EFG Holding announced that further to the disclosure on the 17th of January 2023, which accentuated the intention to exit three markets, in an effort to drive shareholders' value by simplifying the operations, re-directing the resources and improving the return on equity metric, EFG Holding announces that it has completed its exit from Jordan. The transaction was concluded with United Financial Investments Company (UFICO) and is the starting point for strategic cooperation between EFG Holding and UFICO in the Jordanian market. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: ج.م0.27 (vs ج.م0.23 in 3Q 2022) Third quarter 2023 results: EPS: ج.م0.27 (up from ج.م0.23 in 3Q 2022). Revenue: ج.م2.97b (up 50% from 3Q 2022). Net income: ج.م395.0m (up 17% from 3Q 2022). Profit margin: 13% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Capital Markets 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 increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ج.م0.28 (vs ج.م0.24 in 2Q 2022) Second quarter 2023 results: EPS: ج.م0.28 (up from ج.م0.24 in 2Q 2022). Revenue: ج.م3.10b (up 75% from 2Q 2022). Net income: ج.م405.0m (up 18% from 2Q 2022). Profit margin: 13% (down from 19% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Capital Markets industry in Africa. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 25
First quarter 2023 earnings released: EPS: ج.م0.76 (vs ج.م0.30 in 1Q 2022) First quarter 2023 results: EPS: ج.م0.76 (up from ج.م0.30 in 1Q 2022). Revenue: ج.م4.45b (up 245% from 1Q 2022). Net income: ج.م885.0m (up 156% from 1Q 2022). Profit margin: 20% (down from 27% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Capital Markets industry in Africa. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 17
EFG-Hermes Holding S.A.E Approves Board Appointments EFG-Hermes Holding S.A.E at its AGM held on May 13, 2023, the shareholders approved the following appointments: Géraud Brac de la Perrière as Non-Executive Board Member; Thomas Volpe as Non-Executive - Independent Board Member; and Mona Yassine as Non-Executive - Independent Board Member. Price Target Changed • Apr 11
Price target increased by 9.4% to ج.م22.17 Up from ج.م20.27, the current price target is an average from 7 analysts. New target price is 28% above last closing price of ج.م17.30. Stock is up 8.8% over the past year. The company is forecast to post earnings per share of ج.م1.95 for next year compared to ج.م1.58 last year. Price Target Changed • Apr 06
Price target increased by 7.1% to ج.م21.59 Up from ج.م20.15, the current price target is an average from 7 analysts. New target price is 26% above last closing price of ج.م17.15. Stock is up 8.3% over the past year. The company is forecast to post earnings per share of ج.م2.07 for next year compared to ج.م1.58 last year. Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ج.م1.58 (vs ج.م1.25 in FY 2021) Full year 2022 results: EPS: ج.م1.58 (up from ج.م1.25 in FY 2021). Revenue: ج.م11.0b (up 87% from FY 2021). Net income: ج.م1.84b (up 26% from FY 2021). Profit margin: 17% (down from 25% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 7.6% growth forecast for the Capital Markets industry in Africa. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ج.م15.65, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Capital Markets industry globally. Total returns to shareholders of 210% over the past three years. Announcement • Feb 16
Jayees Holdings acquired 5.249704% stake in EFG-Hermes Holding S.A.E (CASE:HRHO) for EGP 1.18 billion. Jayees Holdings acquired 5.249704% stake in EFG-Hermes Holding S.A.E (CASE:HRHO) for EGP 1.18 billion on February 14, 2023.
Jayees Holdings completed the acquisition of 5.249704% stake in EFG-Hermes Holding S.A.E (CASE:HRHO) on February 14, 2023. Major Estimate Revision • Dec 19
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ج.م8.37b to ج.م8.50b. EPS estimate increased from ج.م1.56 to ج.م1.72 per share. Net income forecast to grow 53% next year vs 8.2% growth forecast for Capital Markets industry in Egypt. Consensus price target down from ج.م19.38 to ج.م18.84. Share price was steady at ج.م18.23 over the past week. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 18% share price gain to ج.م16.81, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Capital Markets industry globally. Total returns to shareholders of 49% over the past three years. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: ج.م0.29 (vs ج.م0.32 in 3Q 2021) Third quarter 2022 results: EPS: ج.م0.29 (down from ج.م0.32 in 3Q 2021). Revenue: ج.م2.33b (up 99% from 3Q 2021). Net income: ج.م337.0m (down 5.3% from 3Q 2021). Profit margin: 14% (down from 30% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Global Capital Markets industry. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Non-Executive Director Timothy Collins was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Major Estimate Revision • Oct 07
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ج.م7.82b to ج.م7.74b. EPS estimate also fell from ج.م1.72 per share to ج.م1.50 per share. Net income forecast to grow 35% next year vs 7.2% growth forecast for Capital Markets industry in Egypt. Consensus price target down from ج.م18.85 to ج.م17.56. Share price was steady at ج.م11.70 over the past week. Price Target Changed • Oct 06
Price target decreased to ج.م17.56 Down from ج.م19.28, the current price target is an average from 7 analysts. New target price is 50% above last closing price of ج.م11.70. The company is forecast to post earnings per share of ج.م1.72 for next year compared to ج.م1.25 last year. Reported Earnings • Aug 23
Second quarter 2022 earnings released: EPS: ج.م0.29 (vs ج.م0.37 in 2Q 2021) Second quarter 2022 results: EPS: ج.م0.29 (down from ج.م0.37 in 2Q 2021). Revenue: ج.م2.06b (up 24% from 2Q 2021). Net income: ج.م344.0m (down 15% from 2Q 2021). Profit margin: 17% (down from 25% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 21%, compared to a 3.5% growth forecast for the Capital Markets industry in Egypt. Board Change • Jul 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Non-Executive Director Timothy Collins was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ج.م15.46, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Capital Markets industry globally. Total returns to shareholders of 15% over the past three years. Major Estimate Revision • Apr 08
Consensus revenue estimates increase by 16% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from ج.م7.27b to ج.م8.45b. EPS estimate increased from ج.م1.83 to ج.م2.54 per share. Net income forecast to grow 21% next year vs 5.8% growth forecast for Capital Markets industry in Egypt. Consensus price target up from ج.م20.46 to ج.م21.68. Share price rose 7.4% to ج.م19.00 over the past week. Price Target Changed • Apr 07
Price target increased to ج.م21.68 Up from ج.م19.67, the current price target is an average from 4 analysts. New target price is 10% above last closing price of ج.م19.69. The company is forecast to post earnings per share of ج.م1.83 for next year compared to ج.م1.50 last year. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 17% share price gain to ج.م17.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Capital Markets industry globally. Total returns to shareholders of 32% over the past three years. Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Non-Executive Director Timothy Collins was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Price Target Changed • Dec 03
Price target increased to ج.م20.20 Up from ج.م18.58, the current price target is an average from 4 analysts. New target price is 43% above last closing price of ج.م14.10. Stock is up 23% over the past year. The company is forecast to post earnings per share of ج.م1.44 for next year compared to ج.م1.42 last year. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS ج.م0.44 (vs ج.م0.35 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ج.م1.65b (up 37% from 2Q 2020). Net income: ج.م406.3m (up 24% from 2Q 2020). Profit margin: 25% (down from 27% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 21
First quarter 2021 earnings released The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ج.م1.32b (down 5.9% from 1Q 2020). Net income: ج.م291.7m (up 224% from 1Q 2020). Profit margin: 22% (up from 6.4% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS ج.م1.70 (vs ج.م1.79 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ج.م5.45b (up 1.2% from FY 2019). Net income: ج.م1.31b (down 5.3% from FY 2019). Profit margin: 24% (down from 26% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 21
Price target raised to ج.م20.84 Up from ج.م18.94, the current price target is an average from 4 analysts. The new target price is 31% above the current share price of ج.م15.95. As of last close, the stock is up 0.7% over the past year. Is New 90 Day High Low • Jan 19
New 90-day high: ج.م15.76 The company is up 18% from its price of ج.م13.36 on 21 October 2020. The Egyptian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets 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.م2.43 per share. Is New 90 Day High Low • Dec 30
New 90-day high: ج.م14.55 The company is up 5.0% from its price of ج.م13.80 on 01 October 2020. The Egyptian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م1.20 per share. Major Estimate Revision • Dec 17
Analysts increase EPS estimates to ج.م1.36 The 2020 consensus revenue estimate increased from ج.م4.33b to ج.م4.52b. The earnings per share estimate also received an upgrade from ج.م1.17 to ج.م1.36 for the same period. Net income is expected to grow by 1.5% next year compared to 1.5% growth forecast for the Capital Markets industry in Egypt. The consensus price target increased from ج.م18.94 to ج.م20.14. Share price is up 1.2% to ج.م13.60 over the past week. Reported Earnings • Nov 21
Third quarter 2020 earnings released: EPS ج.م0.55 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ج.م1.53b (up 20% from 3Q 2019). Net income: ج.م422.1m (up 18% from 3Q 2019). Profit margin: 28% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year. Is New 90 Day High Low • Oct 26
New 90-day low: ج.م12.59 The company is down 11% from its price of ج.م14.18 on 28 July 2020. The Egyptian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Sep 22
New 90-day low: ج.م12.89 The company is down 7.0% from its price of ج.م13.87 on 24 June 2020. The Egyptian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets 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 per share.