Eastern CompanyE Future Growth

Future criteria checks 4/6

Eastern CompanyE is forecast to grow earnings and revenue by 21.7% and 13.6% per annum respectively. EPS is expected to grow by 19.3% per annum. Return on equity is forecast to be 50.2% in 3 years.

Key information

21.7%

Earnings growth rate

19.3%

EPS growth rate

Tobacco earnings growth	19.3%
Revenue growth rate	13.6%
Future return on equity	50.2%
Analyst coverage	Low
Last updated	19 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

CASE:EAST - Analysts future estimates and past financials data (EGP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	35,678	16,154	12,565	18,981	2
6/30/2026	33,287	13,597	10,689	11,932	3
6/30/2025	24,945	10,554	8,344	5,879	1
9/30/2024	25,473	8,908	6,122	6,384	N/A
6/30/2024	20,447	8,204	10,700	10,881	N/A
3/31/2024	17,039	6,383	2,551	2,695	N/A
12/31/2023	15,878	5,909	-503	-403	N/A
9/30/2023	16,329	6,358	1,397	1,494	N/A
6/30/2023	17,820	6,667	3,699	3,808	N/A
3/31/2023	18,855	4,630	7,080	7,240	N/A
12/31/2022	18,469	4,160	10,146	10,271	N/A
9/30/2022	17,417	3,385	9,370	9,508	N/A
6/30/2022	17,139	3,591	7,928	8,077	N/A
3/31/2022	16,656	4,158	8,049	8,173	N/A
12/31/2021	16,389	4,177	7,659	7,769	N/A
9/30/2021	16,379	4,258	4,601	4,722	N/A
6/30/2021	16,022	3,840	6,805	6,913	N/A
3/31/2021	15,245	4,080	5,271	5,395	N/A
12/31/2020	14,940	3,643	4,155	4,297	N/A
9/30/2020	14,705	3,457	7,215	7,388	N/A
6/30/2020	14,465	3,415	4,298	4,600	N/A
3/31/2020	14,834	3,718	4,861	5,324	N/A
12/31/2019	14,561	3,671	6,104	6,932	N/A
9/30/2019	14,319	3,550	5,204	6,136	N/A
6/30/2019	14,025	3,480	4,993	5,843	N/A
3/31/2019	13,942	3,404	4,725	5,603	N/A
12/31/2018	13,769	3,653	2,189	3,017	N/A
9/30/2018	13,654	3,878	390	1,239	N/A
6/30/2018	13,410	3,982	N/A	2,093	N/A
3/31/2018	12,723	4,821	N/A	2,563	N/A
12/31/2017	12,328	4,156	N/A	2,876	N/A
9/30/2017	11,800	3,383	N/A	6,913	N/A
6/30/2017	10,541	2,768	N/A	6,231	N/A
3/31/2017	9,772	1,577	N/A	5,711	N/A
12/31/2016	8,784	1,396	N/A	5,771	N/A
9/30/2016	7,820	1,378	N/A	3,391	N/A
6/30/2016	7,653	1,323	N/A	2,845	N/A
3/31/2016	7,517	1,404	N/A	1,545	N/A
12/31/2015	7,457	1,389	N/A	1,321	N/A
9/30/2015	7,198	1,298	N/A	1,399	N/A
6/30/2015	7,024	1,272	N/A	1,603	N/A
3/31/2015	6,902	1,045	N/A	2,901	N/A
12/31/2014	6,667	1,123	N/A	2,897	N/A
9/30/2014	6,574	1,082	N/A	3,137	N/A
6/30/2014	6,024	908	N/A	2,353	N/A
3/31/2014	5,725	796	N/A	2,268	N/A
12/31/2013	5,510	717	N/A	1,669	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EAST's forecast earnings growth (21.7% per year) is above the savings rate (14.7%).

Earnings vs Market: EAST's earnings (21.7% per year) are forecast to grow faster than the EG market (15% per year).

High Growth Earnings: EAST's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EAST's revenue (13.6% per year) is forecast to grow slower than the EG market (14% per year).

High Growth Revenue: EAST's revenue (13.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EAST's Return on Equity is forecast to be very high in 3 years time (50.2%).

Eastern CompanyE Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 8.5% to ج.م30.13

Price target increased by 8.5% to ج.م34.93

Price target increased by 10% to ج.م31.69

Consensus revenue estimates fall by 17%

Consensus revenue estimates increase by 10%

Consensus revenue estimates fall by 27%

Recent updates

Eastern Company S.A.E, Annual General Meeting, Sep 26, 2024

Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased by 8.5% to ج.م30.13

Now 25% overvalued after recent price rise

Investor sentiment improves as stock rises 17%

Now 21% overvalued after recent price rise

Less than half of directors are independent

Third quarter 2024 earnings released: EPS: ج.م0.91 (vs ج.م0.75 in 3Q 2023)

Philip Morris International Inc. (NYSE:PM) acquired 14.7% stake in Eastern Company S.A.E (CASE:EAST).

Investor sentiment deteriorates as stock falls 18%

Price target increased by 8.5% to ج.م34.93

Second quarter 2024 earnings released: EPS: ج.م0.69 (vs ج.م0.91 in 2Q 2023)

Investor sentiment deteriorates as stock falls 17%

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 20%

Price target increased by 10% to ج.م31.69

Consensus revenue estimates fall by 17%

Consensus revenue estimates increase by 10%

First quarter 2024 earnings released: EPS: ج.م0.39 (vs ج.م0.56 in 1Q 2023)

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 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.

Now 22% undervalued

Consensus revenue estimates fall by 27%

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased by 9.4% to ج.م23.77

CIHC Receives Foreign Offers for 30% of Its Stake in Eastern Company

New minor risk - Share price stability

Third quarter 2023 earnings released: EPS: ج.م0.75 (vs ج.م0.55 in 3Q 2022)

Investor sentiment improves as stock rises 18%

Investor sentiment deteriorates as stock falls 20%

Consensus EPS estimates increase by 18%, revenue downgraded

Price target increased by 9.1% to ج.م19.53

Upcoming dividend of ج.م1.60 per share

Less than half of directors are independent

Investor sentiment improved over the past week

Full year 2022 earnings: EPS misses analyst expectations

Qatar Investment Authority Reportedly Expresses Interest in Buying Up to 25% Share in Eastern Company

Price target decreased to ج.م18.56

Less than half of directors are independent

Eastern Company S. A. E. (CASE:EAST) acquired 24% stake in United Tobacco Co. Ltd. for EGP 100 million.

Upcoming dividend of ج.م1.60 per share

Full year 2021 earnings released: EPS ج.م1.75 (vs ج.م1.52 in FY 2020)

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: EPS ج.م0.59 (vs ج.م0.49 in 2Q 2020)

New 90-day high: ج.م13.86

New 90-day high: ج.م12.61

New 90-day low: ج.م10.98

Full year earnings released - EPS ج.م1.60

New 90-day low: ج.م11.59

New 90-day low - ج.م11.64

New 90-day low - ج.م11.86

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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