Announcement • Mar 06
Misr Cement (Qena) Company (S.A.E), Annual General Meeting, Mar 28, 2026 Misr Cement (Qena) Company (S.A.E), Annual General Meeting, Mar 28, 2026, at 13:00 Egypt Standard Time. Location: qena Egypt New Risk • May 22
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 Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (ج.م3.47b market cap, or US$69.5m). Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ج.م36.12, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 10x in the Basic Materials industry in Africa. Total returns to shareholders of 326% over the past three years. Announcement • Feb 24
Misr Cement (Qena) Company (S.A.E), Annual General Meeting, Mar 25, 2025 Misr Cement (Qena) Company (S.A.E), Annual General Meeting, Mar 25, 2025, at 14:00 Egypt Standard Time. Location: cairo Egypt Announcement • Feb 04
Misr Cement Qena Denies Kuwaiti Offers for Stake Acquisition Misr Cement (Qena) Company (S.A.E) (CASE:MCQE) has denied receiving any acquisition offers from Kuwaiti parties, according to a bourse statement on February 2nd. The company refuted reports about selling a stake with a nominal value of $1 per share. Meanwhile, the listed firm urged committing to the official disclosures published only on the Egyptian Exchange (EGX). Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ج.م28.30, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 13x in the Basic Materials industry in Africa. Total returns to shareholders of 224% over the past three years. Declared Dividend • Sep 18
Dividend of ج.م0.50 announced Shareholders will receive a dividend of ج.م0.50. Ex-date: 26th September 2024 Payment date: 28th November 2024 Dividend yield will be 2.4%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio). However, it is well covered by cash flows (12% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 25% to bring the payout ratio under control, which is more than the 18% EPS growth achieved over the last 5 years. Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ج.م1.04b (up 4.7% from 2Q 2023). Net loss: ج.م1.06m (loss narrowed 95% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. New Risk • Aug 07
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 7.6% 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 Dividend is not well covered by earnings (112% payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (ج.م1.94b market cap, or US$39.3m). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ج.م17.24, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 14x in the Basic Materials industry in Africa. Total returns to shareholders of 33% over the past three years. Reported Earnings • May 29
First quarter 2024 earnings released First quarter 2024 results: Revenue: ج.م1.26b (up 39% from 1Q 2023). Net income: ج.م31.5m (down 52% from 1Q 2023). Profit margin: 2.5% (down from 7.2% 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 3% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ج.م18.75, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 13x in the Basic Materials industry in Africa. Total returns to shareholders of 213% over the past three years. New Risk • Mar 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Dividend is not well covered by earnings (112% payout ratio). Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (ج.م2.13b market cap, or US$43.5m). Reported Earnings • Mar 07
Full year 2023 earnings released Full year 2023 results: Revenue: ج.م4.03b (up 43% from FY 2022). Net income: ج.م94.8m (down 2.3% from FY 2022). Profit margin: 2.4% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ج.م26.70, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 14x in the Basic Materials industry in Africa. Total returns to shareholders of 319% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ج.م22.80, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 13x in the Basic Materials industry in Africa. Total returns to shareholders of 272% over the past three years. Upcoming Dividend • Sep 11
Upcoming dividend of ج.م0.75 per share at 5.2% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 20 December 2023. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of Egyptian dividend payers (7.5%). Higher than average of industry peers (4.6%). New Risk • Aug 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (ج.م1.30b market cap, or US$41.9m). Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ج.م994.4m (up 59% from 2Q 2022). Net loss: ج.م21.9m (loss widened 267% from 2Q 2022). Announcement • Jun 27
Misr Cement (Qena) Company (S.A.E) announced that it has received EGP 240 million in funding Misr Cement (Qena) Company (S.A.E) announced a private placement of 24,000,000 common shares at an issue price of EGP 10 per share for the gross proceeds of EGP 240,000,000 on June 25, 2023. The transaction has been approved by the shareholders during the extraordinary general meeting of the company. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ج.م19.00, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 12x in the Basic Materials industry in Africa. Total returns to shareholders of 445% over the past three years. Reported Earnings • Mar 05
Full year 2022 earnings released Full year 2022 results: Revenue: ج.م2.82b (up 11% from FY 2021). Net income: ج.م97.0m (down 34% from FY 2021). Profit margin: 3.4% (down from 5.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 52% per year. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 19% share price gain to ج.م22.10, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 11x in the Basic Materials industry in Africa. Total returns to shareholders of 240% over the past three years. Board Change • Nov 16
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. 10 experienced directors. No highly experienced directors. No independent directors (10 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. Upcoming Dividend • Oct 16
Upcoming dividend of ج.م0.50 per share Eligible shareholders must have bought the stock before 23 October 2022. Payment date: 25 October 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 7.1%. Lower than top quartile of Egyptian dividend payers (11%). In line with average of industry peers (6.7%). Reported Earnings • Aug 18
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ج.م627.1m (up 9.6% from 2Q 2021). Net loss: ج.م5.97m (down 118% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
First quarter 2022 earnings released First quarter 2022 results: Revenue: ج.م668.8m (down 6.2% from 1Q 2021). Net income: ج.م59.6m (up 106% from 1Q 2021). Profit margin: 8.9% (up from 4.1% in 1Q 2021). The increase in margin was driven by lower expenses. Board Change • Apr 27
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. 10 experienced directors. No highly experienced directors. No independent directors (10 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. Reported Earnings • Nov 20
Third quarter 2021 earnings released: EPS ج.م0.64 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ج.م611.8m (up 23% from 3Q 2020). Net income: ج.م46.0m (up ج.م58.2m from 3Q 2020). Profit margin: 7.5% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Oct 20
Inaugural dividend of ج.م0.25 per share Eligible shareholders must have bought the stock before 27 October 2021. Payment date: 31 October 2021. The company last paid an ordinary dividend in February 2016. The average dividend yield among industry peers is 4.4%. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ج.م13.11, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 14x in the Basic Materials industry in Africa. Total returns to shareholders of 7.0% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ج.م15.76, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 12x in the Basic Materials industry in Africa. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ج.م18.05, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 19x in the Basic Materials industry in Africa. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 29% share price gain to ج.م15.02, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 22x in the Basic Materials industry in Africa. Total loss to shareholders of 8.2% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improved over the past week After last week's 20% share price gain to ج.م12.04, the stock trades at a trailing P/E ratio of 34.8x. Average forward P/E is 16x in the Basic Materials industry in Africa. Total loss to shareholders of 31% over the past three years. Reported Earnings • May 21
First quarter 2021 earnings released The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ج.م712.7m (down 13% from 1Q 2020). Net income: ج.م28.9m (down 24% from 1Q 2020). Profit margin: 4.1% (down from 4.6% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: ج.م2.52b (down 19% from FY 2019). Net income: ج.م33.8m (down 2.4% from FY 2019). Profit margin: 1.3% (up from 1.1% in FY 2019). The increase in margin was driven by lower expenses. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue beats expectations Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 5.8% compared to a 4.3% decline forecast for the Basic Materials industry in Egypt. Is New 90 Day High Low • Jan 19
New 90-day high: ج.م10.71 The company is up 32% from its price of ج.م8.13 on 21 October 2020. The Egyptian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Dec 04
Market bids up stock over the past week After last week's 16% share price gain to ج.م9.92, the stock is trading at a trailing P/E ratio of 10.1x, up from the previous P/E ratio of 8.7x. This compares to an average P/E of 14x in the Basic Materials industry in Africa. Total return to shareholders over the past three years is a loss of 67%. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 16% share price gain to ج.م10.13, the stock is trading at a trailing P/E ratio of 10.3x, up from the previous P/E ratio of 8.9x. This compares to an average P/E of 14x in the Basic Materials industry in Africa. Total return to shareholders over the past three years is a loss of 66%. Is New 90 Day High Low • Nov 30
New 90-day high: ج.م9.55 The company is up 11% from its price of ج.م8.64 on 01 September 2020. The Egyptian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is down 11% over the same period. Is New 90 Day High Low • Oct 25
New 90-day low: ج.م7.75 The company is down 3.0% from its price of ج.م7.98 on 27 July 2020. The Egyptian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 6.0% over the same period.