Misr National Steel - Ataqa (CASE:ATQA) - Share price, News & Analysis

ATQA fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	2/6
Financial Health	3/6
Dividends	0/6

ATQA Overview

Misr National Steel - Ataqa produces and sells steel rebars in Egypt and internationally.

Risk Analysis

Earnings have declined by 26.3% per year over past 5 years

Debt is not well covered by operating cash flow

High level of non-cash earnings

Volatile share price over the past 3 months

Price History & Performance

Summary of all time highs, changes and price drops for Misr National Steel - Ataqa
Historical stock prices
Current Share Price	ج.م1.58
52 Week High	ج.م0.78
52 Week Low	ج.م1.98
Beta	0.99
1 Month Change	0.64%
3 Month Change	22.52%
1 Year Change	33.81%
3 Year Change	34.49%
5 Year Change	487.93%
Change since IPO	1,166.40%

Shareholder Returns

	ATQA	EG Metals and Mining	EG Market
7D	-5.3%	2.6%	-0.8%
1Y	33.8%	-0.8%	11.1%

Return vs Industry: ATQA exceeded the EG Metals and Mining industry which returned -1.3% over the past year.

Return vs Market: ATQA exceeded the EG Market which returned 9.2% over the past year.

Price Volatility

Is ATQA's price volatile compared to industry and market?
ATQA volatility
ATQA Beta	0.99
Industry Beta	1.16
Market Beta	1

Stable Share Price: ATQA is more volatile than 75% of EG stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ATQA's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of EG stocks.

About the Company

Founded	Employees	CEO	Website
1998	n/a	Jamal Abdel Kader Abdel El Garhy	https://www.misrns.com

Misr National Steel - Ataqa produces and sells steel rebars in Egypt and internationally. The company was founded in 1998 and is headquartered in Giza, Egypt. Misr National Steel – Ataqa is a subsidiary of El Wehda Industrial Development Company.

Misr National Steel - Ataqa Fundamentals Summary

How do Misr National Steel - Ataqa's earnings and revenue compare to its market cap?
ATQA fundamental statistics
Market Cap	ج.م1.90b
Earnings (TTM)	ج.م69.82m
Revenue (TTM)	ج.م2.26b

27.2x

P/E Ratio

0.8x

P/S Ratio

Is ATQA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATQA income statement (TTM)
Revenue	ج.م2.26b
Cost of Revenue	ج.م2.02b
Gross Profit	ج.م235.90m
Expenses	ج.م166.08m
Earnings	ج.م69.82m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.058
Gross Margin	10.45%
Net Profit Margin	3.09%
Debt/Equity Ratio	55.7%

How did ATQA perform over the long term?

See historical performance and comparison

Valuation

Is Misr National Steel - Ataqa undervalued compared to its fair value and its price relative to the market?

27.21x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ATQA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ATQA's fair value to establish if it is undervalued.

Price To Earnings Ratio

PE vs Industry: ATQA is poor value based on its PE Ratio (27.2x) compared to the African Metals and Mining industry average (7.4x).

PE vs Market: ATQA is poor value based on its PE Ratio (27.2x) compared to the EG market (11.6x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ATQA's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: ATQA is overvalued based on its PB Ratio (2.3x) compared to the XF Metals and Mining industry average (1.6x).

Future Growth

How is Misr National Steel - Ataqa forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-6.8%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Misr National Steel - Ataqa has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Misr National Steel - Ataqa performed over the past 5 years?

-26.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ATQA has a high level of non-cash earnings.

Growing Profit Margin: ATQA's current net profit margins (3.1%) are higher than last year (1.7%).

Past Earnings Growth Analysis

Earnings Trend: ATQA's earnings have declined by 26.3% per year over the past 5 years.

Accelerating Growth: ATQA's earnings growth over the past year (104.1%) exceeds its 5-year average (-26.3% per year).

Earnings vs Industry: ATQA earnings growth over the past year (104.1%) underperformed the Metals and Mining industry 212.9%.

Return on Equity

High ROE: ATQA's Return on Equity (8.5%) is considered low.

Financial Health

How is Misr National Steel - Ataqa's financial position?

Financial Position Analysis

Short Term Liabilities: ATQA's short term assets (EGP1.5B) exceed its short term liabilities (EGP679.4M).

Long Term Liabilities: ATQA's short term assets (EGP1.5B) exceed its long term liabilities (EGP240.0K).

Debt to Equity History and Analysis

Debt Level: ATQA's debt to equity ratio (55.7%) is considered high.

Reducing Debt: Insufficient data to determine if ATQA's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ATQA's operating cash flow is negative, therefore debt is not well covered.

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

Balance Sheet

Dividend

What is Misr National Steel - Ataqa current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

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

High Dividend: Unable to evaluate ATQA'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 ATQA's dividends per share have been stable in the past.

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

Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Future Payout to Shareholders

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

Next Steps

Explore strong dividend paying companies in the Materials industry.

Management

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

4.8yrs

Average board tenure

CEO

Jamal Abdel Kader Abdel El Garhy

6.08yrs

Tenure

Mr. Jamal Abdel Kader Abdel Baseer El Garhy has been Chairman and Managing Director at Misr National Steel - Ataqa since September 19, 2015.

Board Members

Experienced Board: ATQA's board of directors are considered experienced (4.8 years average tenure).

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.

Data	Last Updated (UTC time)
Company Analysis	2021/10/21 14:31
End of Day Share Price	2021/10/20 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31

Market Cap

7D

1Y

Updated

Data