Board Change • May 20
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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Ahmed Amin was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 09
Misr National Steel - Ataqa, Annual General Meeting, Mar 31, 2026 Misr National Steel - Ataqa, Annual General Meeting, Mar 31, 2026, at 15:30 Egypt Standard Time. Location: giza Egypt Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ج.م10.80, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 20x in the Metals and Mining industry in Egypt. Total returns to shareholders of 1,103% over the past three years. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: ج.م0.087 (vs ج.م0.051 in 1Q 2024) First quarter 2025 results: EPS: ج.م0.087 (up from ج.م0.051 in 1Q 2024). Revenue: ج.م2.02b (up 99% from 1Q 2024). Net income: ج.م104.0m (up 71% from 1Q 2024). Profit margin: 5.1% (down from 6.0% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Ahmed Amin was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 27
Misr National Steel - Ataqa, Annual General Meeting, Apr 23, 2025 Misr National Steel - Ataqa, Annual General Meeting, Apr 23, 2025, at 15:00 Egypt Standard Time. Location: giza Egypt Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ج.م5.13, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 10x in the Metals and Mining industry in Egypt. Total returns to shareholders of 247% over the past three years. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ج.م4.09, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 10x in the Metals and Mining industry in Egypt. Total returns to shareholders of 159% over the past three years. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: ج.م0.40 (vs ج.م0.23 in 2Q 2023) Second quarter 2024 results: EPS: ج.م0.40 (up from ج.م0.23 in 2Q 2023). Revenue: ج.م1.76b (up 237% from 2Q 2023). Net income: ج.م474.5m (up 68% from 2Q 2023). Profit margin: 27% (down from 54% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. New Risk • Aug 18
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: 19% Last year net profit margin: 27% 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 Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (19% net profit margin). Market cap is less than US$100m (ج.م4.28b market cap, or US$87.6m). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ج.م3.16, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 8x in the Metals and Mining industry in Egypt. Total returns to shareholders of 111% over the past three years. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ج.م3.46, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 9x in the Metals and Mining industry in Egypt. Total returns to shareholders of 166% over the past three years. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: ج.م0.051 (vs ج.م0.11 in 1Q 2023) First quarter 2024 results: EPS: ج.م0.051 (down from ج.م0.11 in 1Q 2023). Revenue: ج.م1.01b (up 154% from 1Q 2023). Net income: ج.م60.9m (down 53% from 1Q 2023). Profit margin: 6.0% (down from 32% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ج.م3.20, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 7x in the Metals and Mining industry in Egypt. Total returns to shareholders of 154% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ج.م2.98, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 8x in the Metals and Mining industry in Egypt. Total returns to shareholders of 171% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ج.م3.78, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 9x in the Metals and Mining industry in Egypt. Total returns to shareholders of 312% over the past three years. Board Change • Mar 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Ahmed Amin was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: ج.م0.61 (vs ج.م0.20 in FY 2022) Full year 2023 results: EPS: ج.م0.61 (up from ج.م0.20 in FY 2022). Revenue: ج.م2.72b (up 9.5% from FY 2022). Net income: ج.م734.9m (up 213% from FY 2022). Profit margin: 27% (up from 9.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ج.م3.28, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 9x in the Metals and Mining industry in Egypt. Total returns to shareholders of 190% over the past three years. New Risk • Mar 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ج.م4.61b (US$93.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (ج.م4.61b market cap, or US$93.0m). Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ج.م3.01, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 6x in the Metals and Mining industry in Egypt. Total returns to shareholders of 114% over the past three years. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: ج.م0.15 (vs ج.م0.062 in 3Q 2022) Third quarter 2023 results: EPS: ج.م0.15 (up from ج.م0.062 in 3Q 2022). Revenue: ج.م789.3m (up 38% from 3Q 2022). Net income: ج.م182.8m (up 147% from 3Q 2022). Profit margin: 23% (up from 13% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ج.م2.04, the stock trades at a trailing P/E ratio of 8.3x. Average forward P/E is 8x in the Metals and Mining industry in Egypt. Total returns to shareholders of 70% over the past three years. New Risk • Aug 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 371% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (ج.م2.19b market cap, or US$70.9m). Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ج.م1.62, the stock trades at a trailing P/E ratio of 20.9x. Average forward P/E is 7x in the Metals and Mining industry in Egypt. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ج.م1.77, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 13x in the Metals and Mining industry in Egypt. Total returns to shareholders of 344% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ج.م1.34, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 12x in the Metals and Mining industry in Egypt. Total returns to shareholders of 94% over the past three years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Deputy Chairman Mohamed Abdulbaseer was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 15% share price gain to ج.م1.17, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 8x in the Metals and Mining industry in Egypt. Total returns to shareholders of 13% over the past three years. Price Target Changed • Apr 27
Price target increased to ج.م4.65 Up from ج.م2.33, the current price target is provided by 1 analyst. New target price is 370% above last closing price of ج.م0.99. Stock is down 10% over the past year. The company posted earnings per share of ج.م0.084 last year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Deputy Chairman Mohamed Abdulbaseer was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 05
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ج.م0.084 (up from ج.م0.004 loss in FY 2020). Revenue: ج.م2.37b (up 25% from FY 2020). Net income: ج.م100.4m (up ج.م105.0m from FY 2020). Profit margin: 4.2% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ج.م1.17, the stock trades at a trailing P/E ratio of 20.1x. Average forward P/E is 6x in the Metals and Mining industry in Africa. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 16% share price gain to ج.م1.80, the stock trades at a trailing P/E ratio of 30.9x. Average forward P/E is 5x in the Metals and Mining industry in Africa. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 15% share price gain to ج.م1.49, the stock trades at a trailing P/E ratio of 39.6x. Average forward P/E is 5x in the Metals and Mining industry in Africa. Total returns to shareholders of 45% over the past three years. Reported Earnings • Jun 20
First quarter 2021 earnings released: EPS ج.م0.053 (vs ج.م0.011 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ج.م769.0m (up 1.3% from 1Q 2020). Net income: ج.م63.3m (up 361% from 1Q 2020). Profit margin: 8.2% (up from 1.8% in 1Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 16
New 90-day low: ج.م1.13 The company is down 13% from a price of ج.م1.30 on 16 December 2020. Underperformed the Egyptian market, which is up 4.0% over the last 90 days. Lagged the Metals and Mining industry, which is up 26% over the same period. Reported Earnings • Mar 05
Full year 2020 earnings released: ج.م0.004 loss per share (vs ج.م0.01 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ج.م1.89b (down 15% from FY 2019). Net loss: ج.م4.52m (down 136% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 08
New 90-day high: ج.م1.55 The company is up 21% from its price of ج.م1.27 on 10 November 2020. The Egyptian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: ج.م1.41 The company is up 3.0% from its price of ج.م1.37 on 15 October 2020. The Egyptian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 6.0% over the same period. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS ج.م0.001 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ج.م305.4m (down 4.8% from 3Q 2019). Net income: ج.م569.3k (down 99% from 3Q 2019). Profit margin: 0.2% (down from 17% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings. 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.م1.30, the stock is trading at a trailing P/E ratio of 47.6x, up from the previous P/E ratio of 40.7x. This compares to an average P/E of 15x in the Metals and Mining industry in Africa. Total returns to shareholders over the past three years are 205%. Valuation Update With 7 Day Price Move • Oct 25
Market pulls back on stock over the past week After last week's 17% share price decline to ج.م1.12, the stock is trading at a trailing P/E ratio of 40.7x, down from the previous P/E ratio of 49x. This compares to an average P/E of 17x in the Metals and Mining industry in Africa. Total returns to shareholders over the past three years are 179%.