Announcement • Nov 27
Eastern Company S.A.E announces Annual dividend, payable on February 11, 2026 Eastern Company S.A.E announced Annual dividend of EGP 1.3500 per share payable on February 11, 2026, ex-date on December 09, 2025 and record date on December 10, 2025. Announcement • Oct 23
Eastern Company S.A.E, Annual General Meeting, Nov 13, 2025 Eastern Company S.A.E, Annual General Meeting, Nov 13, 2025, at 15:00 Egypt Standard Time. Location: cairo 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. 9 experienced directors. No highly experienced directors. No 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: Lack of independent directors. Insufficient board refreshment. Announcement • Sep 04
Eastern Company S.A.E, Annual General Meeting, Sep 26, 2024 Eastern Company S.A.E, Annual General Meeting, Sep 26, 2024, at 15:00 Egypt Standard Time. Location: cairo Egypt Reported Earnings • Sep 03
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ج.م3.43 (up from ج.م2.21 in FY 2023). Revenue: ج.م20.4b (up 14% from FY 2023). Net income: ج.م9.18b (up 38% from FY 2023). Profit margin: 45% (up from 37% in FY 2023). Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 23%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Global Tobacco industry. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Aug 29
Price target increased by 8.5% to ج.م30.13 Up from ج.م27.77, the current price target is an average from 4 analysts. New target price is 18% above last closing price of ج.م25.45. Stock is up 69% over the past year. The company is forecast to post earnings per share of ج.م2.79 for next year compared to ج.م2.21 last year. Buy Or Sell Opportunity • Aug 28
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to ج.م24.65. The fair value is estimated to be ج.م19.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ج.م21.80, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Tobacco industry globally. Total returns to shareholders of 270% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م17.28 per share. Buy Or Sell Opportunity • Jul 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.7% to ج.م21.00. The fair value is estimated to be ج.م17.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Board Change • Jun 17
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. 8 experienced directors. 1 highly experienced director. 1 independent director (8 non-independent directors). Non-Executive Director Mohamed Muharram was the last director to join the board, commencing their role in 2008. 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 • Jun 04
Third quarter 2024 earnings released: EPS: ج.م0.91 (vs ج.م0.75 in 3Q 2023) Third quarter 2024 results: EPS: ج.م0.91 (up from ج.م0.75 in 3Q 2023). Revenue: ج.م5.80b (up 25% from 3Q 2023). Net income: ج.م2.28b (up 26% from 3Q 2023). Profit margin: 39% (in line with 3Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Global Tobacco industry. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 23
Philip Morris International Inc. (NYSE:PM) acquired 14.7% stake in Eastern Company S.A.E (CASE:EAST). Philip Morris International Inc. (NYSE:PM) acquired 14.7% stake in Eastern Company S.A.E (CASE:EAST) on May 22, 2024. As part of this acquisition, PMI and Eastern seek to explore, on a non-exclusive basis, potential strategic areas for mutual long-term collaboration, in the fields of technology, manufacturing, and innovation, including heated tobacco products, paving the way to a path towards a smoke free future in Egypt. Philip Morris International Inc. (NYSE:PM) completed the acquisition of 14.7% stake in Eastern Company S.A.E (CASE:EAST) on May 22, 2024. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ج.م29.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Tobacco industry globally. Total returns to shareholders of 228% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م25.01 per share. Price Target Changed • Feb 26
Price target increased by 8.5% to ج.م34.93 Up from ج.م32.20, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ج.م35.26. Stock is up 94% over the past year. The company is forecast to post earnings per share of ج.م3.32 for next year compared to ج.م2.98 last year. Reported Earnings • Feb 09
Second quarter 2024 earnings released: EPS: ج.م0.69 (vs ج.م0.91 in 2Q 2023) Second quarter 2024 results: EPS: ج.م0.69 (down from ج.م0.91 in 2Q 2023). Revenue: ج.م4.82b (down 9.2% from 2Q 2023). Net income: ج.م1.77b (down 10% from 2Q 2023). Profit margin: 37% (in line with 2Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Global Tobacco industry. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ج.م31.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Tobacco industry globally. Total returns to shareholders of 220% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م23.70 per share. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ج.م36.77, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Tobacco industry globally. Total returns to shareholders of 276% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م23.52 per share. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ج.م31.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Tobacco industry globally. Total returns to shareholders of 255% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م31.71 per share. Price Target Changed • Dec 27
Price target increased by 10% to ج.م31.69 Up from ج.م28.70, the current price target is an average from 5 analysts. New target price is 18% above last closing price of ج.م26.76. Stock is up 88% over the past year. The company is forecast to post earnings per share of ج.م3.32 for next year compared to ج.م2.98 last year. Major Estimate Revision • Dec 26
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ج.م26.3b to ج.م21.8b. EPS estimate fell from ج.م4.18 to ج.م3.32 per share. Net income forecast to grow 56% next year vs 8.8% growth forecast for Tobacco industry in Egypt. Consensus price target up from ج.م28.70 to ج.م29.50. Share price fell 6.9% to ج.م25.80 over the past week. Major Estimate Revision • Nov 27
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ج.م23.8b to ج.م26.3b. EPS estimate increased from ج.م3.49 to ج.م4.18 per share. Net income forecast to grow 80% next year vs 8.8% growth forecast for Tobacco industry in Egypt. Consensus price target down from ج.م29.45 to ج.م28.70. Share price fell 4.5% to ج.م26.74 over the past week. Reported Earnings • Nov 21
First quarter 2024 earnings released: EPS: ج.م0.39 (vs ج.م0.56 in 1Q 2023) First quarter 2024 results: EPS: ج.م0.39 (down from ج.م0.56 in 1Q 2023). Revenue: ج.م3.12b (down 33% from 1Q 2023). Net income: ج.م1.12b (down 5.2% from 1Q 2023). Profit margin: 36% (up from 26% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Global Tobacco industry. 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 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 18
Global Investment House completed the acquisition of 30% stake in Eastern Company S.A.E from Chemical Industries Holding Company S.A.E. for for EGP 19.3 billion. Global Investment House signed an agreement to acquire a 30% stake in Eastern Company S.A.E from Chemical Industries Holding Company S.A.E. for EGP 19.3 billion on September 3, 2023. EFG Holding acting as financial advisor to Global Investment House.Global Investment House completed the acquisition of 30% stake in Eastern Company S.A.E from Chemical Industries Holding Company S.A.E. for for EGP 19.3 billion November 16, 2023. The buyer will purchase the 669 million shares at EGP 24.52 per share, totaling EGP 16.43 billion. Additional Payment: The buyer commits to an additional payment of EGP 4.38 per share, amounting to EGP 2.92 billion. This extra amount is an integral part of the total transaction value. Buying Opportunity • Oct 31
Now 22% undervalued Over the last 90 days, the stock is up 46%. The fair value is estimated to be ج.م33.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Major Estimate Revision • Oct 31
Consensus revenue estimates fall by 27% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ج.م25.8b to ج.م18.9b. EPS estimate fell from ج.م3.67 to ج.م2.80 per share. Net income forecast to shrink 18% next year vs 8.2% growth forecast for Tobacco industry in Egypt . Consensus price target up from ج.م23.36 to ج.م25.48. Share price rose 8.2% to ج.م26.30 over the past week. Reported Earnings • Sep 07
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: ج.م2.98 (up from ج.م1.61 in FY 2022). Revenue: ج.م18.0b (up 4.8% from FY 2022). Net income: ج.م7.66b (up 114% from FY 2022). Profit margin: 43% (up from 21% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Global Tobacco industry. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Sep 04
Price target increased by 9.4% to ج.م23.77 Up from ج.م21.72, the current price target is an average from 6 analysts. New target price is 9.5% above last closing price of ج.م21.70. Stock is up 112% over the past year. The company is forecast to post earnings per share of ج.م2.66 for next year compared to ج.م1.61 last year. Announcement • Aug 23
CIHC Receives Foreign Offers for 30% of Its Stake in Eastern Company Chemical Industries Holding Company S.A.E. (CIHC) has received offers from foreign investors to acquire not more than 30% of its 50.95%-stake in Eastern Company S.A.E (CASE:EAST), according to a disclosure sent to the Egyptian Bourse on August 22nd, 2023. These offers are still being studied and an announcement will be made once choosing the best offer. A day earlier, it was reported that the United Tobacco Company, LLC(UTC), a subsidiary of the US' Philip Morris International, is negotiating with the Egyptian government to buy a minority stake in Eastern Company. The tobacco maker is also 7.25%-owned by the South African investment management firm Allan Gray, and the union of shareholding workers owns 5.25%. New Risk • Aug 02
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 6.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Jun 05
Third quarter 2023 earnings released: EPS: ج.م0.75 (vs ج.م0.55 in 3Q 2022) Third quarter 2023 results: EPS: ج.م0.75 (up from ج.م0.55 in 3Q 2022). Revenue: ج.م4.67b (up 10.0% from 3Q 2022). Net income: ج.م1.80b (up 35% from 3Q 2022). Profit margin: 39% (up from 31% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Global Tobacco industry. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ج.م15.81, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Tobacco industry globally. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م11.74 per share. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ج.م15.15, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Tobacco industry globally. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م11.74 per share. Major Estimate Revision • Feb 19
Consensus EPS estimates increase by 18%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ج.م19.0b to ج.م18.5b. EPS estimate rose from ج.م2.10 to ج.م2.47. Net income forecast to grow 61% next year vs 9.1% growth forecast for Tobacco industry in Egypt. Consensus price target up from ج.م17.90 to ج.م19.53. Share price was steady at ج.م18.14 over the past week. Price Target Changed • Feb 18
Price target increased by 9.1% to ج.م19.53 Up from ج.م17.90, the current price target is an average from 7 analysts. New target price is 7.6% above last closing price of ج.م18.14. Stock is up 73% over the past year. The company is forecast to post earnings per share of ج.م2.47 for next year compared to ج.م1.61 last year. Upcoming Dividend • Nov 16
Upcoming dividend of ج.م1.60 per share Eligible shareholders must have bought the stock before 21 November 2022. Payment date: 23 November 2022. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 12%. Within top quartile of Egyptian dividend payers (9.8%). Higher than average of industry peers (8.4%). 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. 8 experienced directors. 1 highly experienced director. 1 independent director (8 non-independent directors). Non-Executive Director Mohamed Muharram was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 16% share price gain to ج.م13.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Tobacco industry globally. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م14.23 per share. Reported Earnings • Oct 03
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ج.م1.61. Revenue: ج.م17.1b (up 7.0% from FY 2021). Net income: ج.م4.03b (up 4.2% from FY 2021). Profit margin: 24% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Global Tobacco industry. Announcement • Sep 15
Qatar Investment Authority Reportedly Expresses Interest in Buying Up to 25% Share in Eastern Company Qatar Investment Authority has expressed interest in buying up to 25% share in Eastern Company S.A.E (CASE:EAST), majority owned by an affiliate of Egypt's Ministry of Public Enterprise, according to media reports this week. Price Target Changed • Sep 12
Price target decreased to ج.م18.56 Down from ج.م19.96, the current price target is an average from 3 analysts. New target price is 81% above last closing price of ج.م10.25. Stock is down 18% over the past year. The company is forecast to post earnings per share of ج.م1.99 for next year compared to ج.م1.75 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. 8 experienced directors. 1 highly experienced director. 1 independent director (8 non-independent directors). Non-Executive Director Mohamed Muharram was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 15
Eastern Company S. A. E. (CASE:EAST) acquired 24% stake in United Tobacco Co. Ltd. for EGP 100 million. Eastern Company S. A. E. (CASE:EAST) acquired 24% stake in United Tobacco Co. Ltd. for EGP 100 million on April 14, 2022. Eastern Company board of directors has approved the transaction.
Eastern Company S. A. E. (CASE:EAST) acquired 24% stake in United Tobacco Co. Ltd on April 14, 2022. Upcoming Dividend • Nov 22
Upcoming dividend of ج.م1.60 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 15 February 2022. Trailing yield: 13%. Within top quartile of Egyptian dividend payers (9.8%). Higher than average of industry peers (8.8%). Reported Earnings • Oct 22
Full year 2021 earnings released: EPS ج.م1.75 (vs ج.م1.52 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ج.م16.0b (up 11% from FY 2020). Net income: ج.م3.87b (up 13% from FY 2020). Profit margin: 24% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ج.م11.23, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Tobacco industry globally. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م12.07 per share. Reported Earnings • Feb 24
Second quarter 2021 earnings released: EPS ج.م0.59 (vs ج.م0.49 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ج.م4.21b (up 5.9% from 2Q 2020). Net income: ج.م1.38b (up 19% from 2Q 2020). Profit margin: 33% (up from 29% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 14
New 90-day high: ج.م13.86 The company is up 14% from its price of ج.م12.21 on 15 October 2020. The Egyptian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tobacco 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.م13.44 per share. Is New 90 Day High Low • Dec 09
New 90-day high: ج.م12.61 The company is up 5.0% from its price of ج.م11.98 on 10 September 2020. The Egyptian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tobacco industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م11.29 per share. Is New 90 Day High Low • Nov 11
New 90-day low: ج.م10.98 The company is down 9.0% from its price of ج.م12.13 on 13 August 2020. The Egyptian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tobacco industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م11.23 per share. Reported Earnings • Sep 29
Full year earnings released - EPS ج.م1.60 Over the last 12 months the company has reported total profits of ج.م3.79b, up 9.2% from the prior year. Total revenue was ج.م14.5b over the last 12 months, up 4.1% from the prior year. Profit margins were 26%, which is higher than the 25% margin from last year. The increase in margin was driven by higher revenue. Is New 90 Day High Low • Sep 28
New 90-day low: ج.م11.59 The company is down 9.0% from its price of ج.م12.75 on 30 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 Tobacco industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م12.10 per share.