New Risk • Jun 09
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 7.0% 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 Risks High level of non-cash earnings (24% accrual ratio). Revenue is less than US$1m (ج.م12m revenue, or US$241k). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (ج.م612.0m market cap, or US$11.8m). Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ج.م5.82, the stock trades at a trailing P/E ratio of 52.6x. Average trailing P/E is 17x in the Capital Markets industry in Egypt. Total returns to shareholders of 28% over the past three years. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Non-Executive Director Karim Abdel Baqi was the last director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 11
International Co. For Investment & Development, Annual General Meeting, Apr 30, 2026 International Co. For Investment & Development, Annual General Meeting, Apr 30, 2026, at 14:30 Egypt Standard Time. Location: giza Egypt Board Change • May 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No 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: Lack of independent directors. Insufficient board refreshment. Announcement • Mar 26
International Co. For Investment & Development, Annual General Meeting, Apr 24, 2025 International Co. For Investment & Development, Annual General Meeting, Apr 24, 2025, at 14:30 Egypt Standard Time. Location: giza Egypt Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ج.م4.38, the stock trades at a trailing P/E ratio of 74.2x. Average trailing P/E is 9x in the Capital Markets industry in Egypt. Total loss to shareholders of 16% over the past three years. Reported Earnings • Jun 05
First quarter 2024 earnings released First quarter 2024 results: Revenue: ج.م1.40m (down 78% from 1Q 2023). Net income: ج.م3.45m (down 13% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ج.م3.12, the stock trades at a trailing P/E ratio of 71.6x. Average trailing P/E is 13x in the Capital Markets industry in Egypt. Total loss to shareholders of 22% over the past three years. New Risk • Mar 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 85% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (85% increase in shares outstanding). Revenue is less than US$1m (ج.م9.5m revenue, or US$203k). Market cap is less than US$10m (ج.م274.0m market cap, or US$5.84m). Minor Risk Profit margins are more than 30% lower than last year (34% net profit margin). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ج.م2.84, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 18x in the Capital Markets industry in Egypt. Total returns to shareholders of 18% over the past three years. New Risk • Dec 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Egyptian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m (ج.م4.3m revenue, or US$139k). Market cap is less than US$10m (ج.م263.0m market cap, or US$8.51m). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ج.م7.71, the stock trades at a trailing P/E ratio of 65.6x. Average trailing P/E is 16x in the Capital Markets industry in Egypt. Total returns to shareholders of 217% over the past three years. New Risk • Aug 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 63% Last year net profit margin: 134% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (ج.م9.9m revenue, or US$319k). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (63% net profit margin). Market cap is less than US$100m (ج.م389.3m market cap, or US$12.6m). Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ج.م1.03m (down 24% from 2Q 2022). Net income: ج.م135.1k (up ج.م239.3k from 2Q 2022). Profit margin: 13% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Egyptian stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Revenue has declined by 70% over the past year. Revenue is less than US$1m (ج.م5.5m revenue, or US$177k). Minor Risks Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (ج.م423.4m market cap, or US$13.7m). Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ج.م7.84, the stock trades at a trailing P/E ratio of 59x. Average trailing P/E is 19x in the Capital Markets industry in Egypt. Total returns to shareholders of 423% over the past three years. New Risk • Jul 01
New major risk - Revenue and earnings growth Revenue has declined by 70% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 70% over the past year. Revenue is less than US$1m (ج.م5.5m revenue, or US$177k). Minor Risks Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (ج.م343.4m market cap, or US$11.1m). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ج.م35.53, the stock trades at a trailing P/E ratio of 53.5x. Average trailing P/E is 19x in the Capital Markets industry in Egypt. Total returns to shareholders of 411% over the past three years. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ج.م42.87, the stock trades at a trailing P/E ratio of 64.6x. Average trailing P/E is 19x in the Capital Markets industry in Egypt. Total returns to shareholders of 551% over the past three years. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 17% share price gain to ج.م35.21, the stock trades at a trailing P/E ratio of 53x. Average trailing P/E is 19x in the Capital Markets industry in Egypt. Total returns to shareholders of 369% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 16% share price gain to ج.م30.11, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 19x in the Capital Markets industry in Egypt. Total returns to shareholders of 301% over the past three years. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 15% share price gain to ج.م28.81, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 17x in the Capital Markets industry in Egypt. Total returns to shareholders of 284% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ج.م0.71 (up from ج.م0.19 in FY 2020). Net income: ج.م7.69m (up 271% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ج.م15.19, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 11x in the Capital Markets industry in Egypt. Total returns to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 24% share price gain to ج.م22.01, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 13x in the Capital Markets industry in Egypt. Total returns to shareholders of 223% over the past three years. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS ج.م0.23 (vs ج.م0.28 in FY 2019) The company reported a decent full year result with improved revenues, although earnings and profit margins were weaker. Full year 2020 results: Revenue: ج.م18.5m (up 139% from FY 2019). Net income: ج.م2.20m (down 12% from FY 2019). Profit margin: 12% (down from 32% 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 12% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 23
New 90-day high: ج.م21.90 The company is up 56% from its price of ج.م14.00 on 25 November 2020. The Egyptian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 22% over the same period. Is New 90 Day High Low • Feb 02
New 90-day high: ج.م16.98 The company is up 12% from its price of ج.م15.15 on 04 November 2020. The Egyptian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 33% over the same period. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 16% share price gain to ج.م12.75, the stock is trading at a trailing P/E ratio of 76.8x, up from the previous P/E ratio of 66.1x. This compares to an average P/E of 13x in the Capital Markets industry in Egypt. Total returns to shareholders over the past three years are 57%. Is New 90 Day High Low • Dec 21
New 90-day low: ج.م10.96 The company is down 24% from its price of ج.م14.50 on 22 September 2020. The Egyptian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 5.0% over the same period. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ج.م10.96, the stock is trading at a trailing P/E ratio of 66.1x, down from the previous P/E ratio of 81.4x. This compares to an average P/E of 12x in the Capital Markets industry in Egypt. Total returns to shareholders over the past three years are 45%. Valuation Update With 7 Day Price Move • Nov 26
Market pulls back on stock over the past week After last week's 18% share price decline to ج.م12.70, the stock is trading at a trailing P/E ratio of 76.5x, down from the previous P/E ratio of 93.6x. This compares to an average P/E of 14x in the Capital Markets industry in Egypt. Total returns to shareholders over the past three years are 59%. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 18% share price gain to ج.م15.95, the stock is trading at a trailing P/E ratio of 61.5x, up from the previous P/E ratio of 52.2x. This compares to an average P/E of 13x in the Capital Markets industry in Egypt. Total returns to shareholders over the past three years are 100%. Is New 90 Day High Low • Nov 04
New 90-day high: ج.م15.15 The company is up 68% from its price of ج.م9.00 on 06 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 Capital Markets industry, which is down 3.0% over the same period. Valuation Update With 7 Day Price Move • Nov 04
Market bids up stock over the past week After last week's 21% share price gain to ج.م15.15, the stock is trading at a trailing P/E ratio of 58.4x, up from the previous P/E ratio of 48.2x. This compares to an average P/E of 13x in the Capital Markets industry in Egypt. Total returns to shareholders over the past three years are 60%. Valuation Update With 7 Day Price Move • Nov 01
Market bids up stock over the past week After last week's 17% share price gain to ج.م13.07, the stock is trading at a trailing P/E ratio of 50.4x, up from the previous P/E ratio of 43.1x. This compares to an average P/E of 13x in the Capital Markets industry in Egypt. Total returns to shareholders over the past three years are 51%. Valuation Update With 7 Day Price Move • Oct 22
Market pulls back on stock over the past week After last week's 16% share price decline to ج.م11.19, the stock is trading at a trailing P/E ratio of 43.1x, down from the previous P/E ratio of 51.3x. This compares to an average P/E of 14x in the Capital Markets industry in Egypt. Total returns to shareholders over the past three years are 39%. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 20% share price gain to ج.م13.31, the stock is trading at a trailing P/E ratio of 51.3x, up from the previous P/E ratio of 42.8x. This compares to an average P/E of 15x in the Capital Markets industry in Egypt. Total returns to shareholders over the past three years are 58%.