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CEFM

Middle Egypt Flour MillsCASE:CEFM Stock Report

Market Cap

ج.م492.5m

7D

7.9%

1Y

11.7%

Updated

25 Oct, 2021

Data

Company Financials +
CEFM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends0/6

CEFM Overview

Middle Egypt Flour Mills produces and sells flour products.

Price History & Performance

Summary of all time highs, changes and price drops for Middle Egypt Flour Mills
Historical stock prices
Current Share Priceج.م33.45
52 Week Highج.م25.00
52 Week Lowج.م34.48
Beta0.49
1 Month Change7.90%
3 Month Change4.50%
1 Year Change11.72%
3 Year Change-18.24%
5 Year Change121.23%
Change since IPO28.41%

Recent News & Updates

Shareholder Returns

CEFMEG FoodEG Market
7D7.9%-3.6%3.0%
1Y11.7%0.6%12.4%

Return vs Industry: CEFM exceeded the EG Food industry which returned 0.8% over the past year.

Return vs Market: CEFM matched the EG Market which returned 12.2% over the past year.

Price Volatility

Is CEFM's price volatile compared to industry and market?
CEFM volatility
CEFM Beta0.49
Industry Beta0.55
Market Beta1

Stable Share Price: CEFM is less volatile than 75% of EG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CEFM's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1967n/aMohamed Elgbalyhttps://www.mefm-company.com

Middle Egypt Flour Mills produces and sells flour products. It offers flour for the production of bread; fine flour for the production of French bread and sweets; Mona Lisa pasta shapes; bran for use in making animal feed production; Alsimolina; Sen to produce bread for diabetics; and Jenin grain of wheat for producing pharmaceuticals. The company was founded in 1967 and is based in Minya, Egypt.

Middle Egypt Flour Mills Fundamentals Summary

How do Middle Egypt Flour Mills's earnings and revenue compare to its market cap?
CEFM fundamental statistics
Market Capج.م492.48m
Earnings (TTM)ج.م103.42m
Revenue (TTM)ج.م540.65m

4.8x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CEFM income statement (TTM)
Revenueج.م540.65m
Cost of Revenueج.م290.58m
Gross Profitج.م250.06m
Expensesج.م146.65m
Earningsج.م103.42m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.02
Gross Margin46.25%
Net Profit Margin19.13%
Debt/Equity Ratio1.9%

How did CEFM perform over the long term?

See historical performance and comparison

Valuation

Is Middle Egypt Flour Mills undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CEFM (EGP33.45) is trading below our estimate of fair value (EGP94.35)

Significantly Below Fair Value: CEFM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CEFM is good value based on its PE Ratio (4.8x) compared to the African Food industry average (13.7x).

PE vs Market: CEFM is good value based on its PE Ratio (4.8x) compared to the EG market (8.8x).


Price to Earnings Growth Ratio

PEG Ratio: CEFM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CEFM's PB Ratio (1.1x) is in line with the XF Food industry average.


Future Growth

How is Middle Egypt Flour Mills forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-36.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEFM's earnings are forecast to decline over the next 3 years (-36.1% per year).

Earnings vs Market: CEFM's earnings are forecast to decline over the next 3 years (-36.1% per year).

High Growth Earnings: CEFM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CEFM's revenue (1.5% per year) is forecast to grow slower than the EG market (9.9% per year).

High Growth Revenue: CEFM's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CEFM's Return on Equity is forecast to be low in 3 years time (17.4%).


Past Performance

How has Middle Egypt Flour Mills performed over the past 5 years?

-0.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CEFM has high quality earnings.

Growing Profit Margin: CEFM's current net profit margins (19.1%) are higher than last year (17.9%).


Past Earnings Growth Analysis

Earnings Trend: CEFM's earnings have declined by 0.3% per year over the past 5 years.

Accelerating Growth: CEFM's earnings growth over the past year (4.9%) exceeds its 5-year average (-0.3% per year).

Earnings vs Industry: CEFM earnings growth over the past year (4.9%) underperformed the Food industry 4.9%.


Return on Equity

High ROE: CEFM's Return on Equity (23.8%) is considered high.


Financial Health

How is Middle Egypt Flour Mills's financial position?


Financial Position Analysis

Short Term Liabilities: CEFM's short term assets (EGP540.7M) exceed its short term liabilities (EGP301.0M).

Long Term Liabilities: CEFM's short term assets (EGP540.7M) exceed its long term liabilities (EGP32.9M).


Debt to Equity History and Analysis

Debt Level: CEFM's debt to equity ratio (1.9%) is considered satisfactory.

Reducing Debt: CEFM's debt to equity ratio has reduced from 3.8% to 1.9% over the past 5 years.

Debt Coverage: CEFM's debt is well covered by operating cash flow (2799.4%).

Interest Coverage: CEFM earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Middle Egypt Flour Mills's current dividend yield, its reliability and sustainability?

9.27%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CEFM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CEFM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CEFM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CEFM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CEFM is not paying a notable dividend for the EG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CEFM's dividend in 3 years as they are not forecast to pay a notable one for the EG market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Mohamed Elgbaly

no data

Tenure

Eng. Mohamed Mahmud Elgbaly serves as Chairman and Managing Director of Middle Egypt Flour Mills Co. Eng. Elgbaly served as Head of the Bany suef sector and Director General of Technical Affairs and produc...


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Middle Egypt Flour Mills's employee growth, exchange listings and data sources


Key Information

  • Name: Middle Egypt Flour Mills
  • Ticker: CEFM
  • Exchange: CASE
  • Founded: 1967
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ج.م492.482m
  • Shares outstanding: 14.72m
  • Website: https://www.mefm-company.com

Location

  • Middle Egypt Flour Mills
  • cornech Elnill
  • Elksas
  • Minya
  • Egypt

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:47
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.