Middle East Glass Manufacturing Company S.A.E.
Price History & Performance
|Historical stock prices|
|Current Share Price||ج.م12.54|
|52 Week High||ج.م0|
|52 Week Low||ج.م0|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||0%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||1,220.00%|
Recent News & Updates
|MEGM||EG Packaging||EG Market|
Return vs Industry: MEGM underperformed the EG Packaging industry which returned 101.7% over the past year.
Return vs Market: MEGM underperformed the EG Market which returned 11.1% over the past year.
Stable Share Price: MEGM is less volatile than 75% of EG stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: MEGM's weekly volatility (0%) has been stable over the past year.
About the Company
|1983||n/a||Abdulgalil Abdul Besher||https://meg.com.eg|
Middle East Glass Manufacturing Company S.A.E. manufactures and sells glass containers in Egypt. It offers food jars, specialty bottles, juice bottles, soft drinks bottles, carbonated bottles, pharmaceutical bottles, and others. It also exports its products.
Middle East Glass Manufacturing CompanyE Fundamentals Summary
|MEGM fundamental statistics|
Is MEGM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MEGM income statement (TTM)|
|Cost of Revenue||ج.م1.09b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.74|
|Net Profit Margin||10.91%|
How did MEGM perform over the long term?See historical performance and comparison
Is Middle East Glass Manufacturing CompanyE undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MEGM (EGP12.54) is trading below our estimate of fair value (EGP36.03)
Significantly Below Fair Value: MEGM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MEGM is good value based on its PE Ratio (3.4x) compared to the African Packaging industry average (9.8x).
PE vs Market: MEGM is good value based on its PE Ratio (3.4x) compared to the EG market (11.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MEGM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MEGM is good value based on its PB Ratio (0.9x) compared to the XF Packaging industry average (1.3x).
How is Middle East Glass Manufacturing CompanyE forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Middle East Glass Manufacturing CompanyE 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.
How has Middle East Glass Manufacturing CompanyE performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MEGM has high quality earnings.
Growing Profit Margin: MEGM's current net profit margins (10.9%) are higher than last year (0.6%).
Past Earnings Growth Analysis
Earnings Trend: MEGM has become profitable over the past 5 years, growing earnings by 69.4% per year.
Accelerating Growth: MEGM's earnings growth over the past year (1987.9%) exceeds its 5-year average (69.4% per year).
Earnings vs Industry: MEGM earnings growth over the past year (1987.9%) exceeded the Packaging industry 6.7%.
Return on Equity
High ROE: Whilst MEGM's Return on Equity (25.66%) is high, this metric is skewed due to their high level of debt.
How is Middle East Glass Manufacturing CompanyE's financial position?
Financial Position Analysis
Short Term Liabilities: MEGM's short term assets (EGP1.7B) exceed its short term liabilities (EGP1.1B).
Long Term Liabilities: MEGM's short term assets (EGP1.7B) exceed its long term liabilities (EGP1.6B).
Debt to Equity History and Analysis
Debt Level: MEGM's debt to equity ratio (258.6%) is considered high.
Reducing Debt: MEGM's debt to equity ratio has reduced from 619.7% to 258.6% over the past 5 years.
Debt Coverage: MEGM's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: MEGM's interest payments on its debt are not well covered by EBIT (2.4x coverage).
What is Middle East Glass Manufacturing CompanyE current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MEGM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MEGM'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 MEGM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MEGM'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 MEGM's dividend in 3 years as they are not forecast to pay a notable one for the EG market.
How experienced are the management team and are they aligned to shareholders interests?
Abdulgalil Abdul Besher
Mr. Abdulgalil Abdul Haque Besher serves as Chairman and Managing Director of Middle East Glass Manufacturing Company S.A.E.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Middle East Glass Manufacturing Company S.A.E.'s employee growth, exchange listings and data sources
- Name: Middle East Glass Manufacturing Company S.A.E.
- Ticker: MEGM
- Exchange: CASE
- Founded: 1983
- Industry: Metal and Glass Containers
- Sector: Materials
- Market Cap: ج.م631.045m
- Shares outstanding: 50.32m
- Website: https://meg.com.eg
- Middle East Glass Manufacturing Company S.A.E.
- 6 El-Mokhayam El-Daem Street
- 6th District
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 14:31|
|End of Day Share Price||2021/10/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.