company background image
MICH

Misr Chemical IndustriesCASE:MICH Stock Report

Market Cap

ج.م814.6m

7D

1.3%

1Y

2.1%

Updated

17 Oct, 2021

Data

Company Financials +
MICH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends4/6

MICH Overview

Misr Chemical Industries Co. produces, sells, and trades in various chemical products in Egypt and the Middle East.

Price History & Performance

Summary of all time highs, changes and price drops for Misr Chemical Industries
Historical stock prices
Current Share Priceج.م11.27
52 Week Highج.م8.75
52 Week Lowج.م14.35
Beta0.47
1 Month Change-3.84%
3 Month Change-2.17%
1 Year Change2.08%
3 Year Change11.81%
5 Year Change236.31%
Change since IPO-34.14%

Recent News & Updates

Shareholder Returns

MICHEG ChemicalsEG Market
7D1.3%4.4%1.3%
1Y2.1%37.5%10.0%

Return vs Industry: MICH underperformed the EG Chemicals industry which returned 36.3% over the past year.

Return vs Market: MICH underperformed the EG Market which returned 8.2% over the past year.

Price Volatility

Is MICH's price volatile compared to industry and market?
MICH volatility
MICH Beta0.47
Industry Beta0.70
Market Beta1

Stable Share Price: MICH is not significantly more volatile than the rest of EG stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MICH's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1959613Samir Elkholyhttps://www.mci.com.eg

Misr Chemical Industries Co. produces, sells, and trades in various chemical products in Egypt and the Middle East. It offers sodium hydroxide solutions, liquid chlorines, and compressed hydrogen gases. The company also provides caustic soda flakes, commercial and pure hydrochloric acids, sodium hypochlorite products, and sulfuric acids.

Misr Chemical Industries Fundamentals Summary

How do Misr Chemical Industries's earnings and revenue compare to its market cap?
MICH fundamental statistics
Market Capج.م814.61m
Earnings (TTM)ج.م133.11m
Revenue (TTM)ج.م480.61m

6.2x

P/E Ratio

1.7x

P/S Ratio


Dividends

8.9%

Current Dividend Yield

55%

Payout Ratio

Does MICH pay a reliable dividends?

See MICH dividend history and benchmarks
When do you need to buy MICH by to receive an upcoming dividend?
Misr Chemical Industries dividend dates
Ex Dividend DateOct 26 2021
Dividend Pay DateDec 30 2021
Days until Ex dividend8 days
Days until Dividend pay date73 days

Does MICH pay a reliable dividends?

See MICH dividend history and benchmarks

Valuation

Is Misr Chemical Industries undervalued compared to its fair value and its price relative to the market?

6.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MICH (EGP11.27) is trading above our estimate of fair value (EGP10.93)

Significantly Below Fair Value: MICH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MICH is good value based on its PE Ratio (6.2x) compared to the EG Chemicals industry average (9.1x).

PE vs Market: MICH is good value based on its PE Ratio (6.2x) compared to the EG market (12.3x).


Price to Earnings Growth Ratio

PEG Ratio: MICH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MICH's PB Ratio (1.4x) is in line with the EG Chemicals industry average.


Future Growth

How is Misr Chemical Industries forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MICH's earnings are forecast to decline over the next 3 years (-8.3% per year).

Earnings vs Market: MICH's earnings are forecast to decline over the next 3 years (-8.3% per year).

High Growth Earnings: MICH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MICH's revenue is expected to decline over the next 3 years (-5.5% per year).

High Growth Revenue: MICH's revenue is forecast to decline over the next 3 years (-5.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MICH's Return on Equity is forecast to be low in 3 years time (16%).


Past Performance

How has Misr Chemical Industries performed over the past 5 years?

22.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MICH has high quality earnings.

Growing Profit Margin: MICH's current net profit margins (27.7%) are higher than last year (17.4%).


Past Earnings Growth Analysis

Earnings Trend: MICH's earnings have grown significantly by 22.5% per year over the past 5 years.

Accelerating Growth: MICH's earnings growth over the past year (109%) exceeds its 5-year average (22.5% per year).

Earnings vs Industry: MICH earnings growth over the past year (109%) exceeded the Chemicals industry 30.4%.


Return on Equity

High ROE: MICH's Return on Equity (23.4%) is considered high.


Financial Health

How is Misr Chemical Industries's financial position?


Financial Position Analysis

Short Term Liabilities: MICH's short term assets (EGP444.9M) exceed its short term liabilities (EGP118.9M).

Long Term Liabilities: MICH has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MICH is debt free.

Reducing Debt: MICH has no debt compared to 5 years ago when its debt to equity ratio was 1%.

Debt Coverage: MICH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MICH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Misr Chemical Industries's current dividend yield, its reliability and sustainability?

8.87%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 18 2021Ex Dividend DateOct 26 2021Dividend Pay DateDec 30 202165 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MICH's dividend (8.87%) is higher than the bottom 25% of dividend payers in the EG market (2.69%).

High Dividend: MICH's dividend (8.87%) is in the top 25% of dividend payers in the EG market (7.43%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MICH has been paying a dividend for less than 10 years.

Growing Dividend: MICH's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.9%), MICH's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MICH's dividends in 3 years are forecast to be well covered by earnings (47.6% payout ratio).


Next Steps

Management

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


CEO

Samir Elkholy

no data

Tenure

Engineer Samir Elkholy serves as the Chairman of the Executive Board and Chief Executive Officer at Misr Chemical Industries Co.


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.


Top Shareholders

Company Information

Misr Chemical Industries Co.'s employee growth, exchange listings and data sources


Key Information

  • Name: Misr Chemical Industries Co.
  • Ticker: MICH
  • Exchange: CASE
  • Founded: 1959
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ج.م814.613m
  • Shares outstanding: 73.13m
  • Website: https://www.mci.com.eg

Number of Employees


Location

  • Misr Chemical Industries Co.
  • Max Alexandria
  • Alexandria
  • 21535
  • Egypt

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 16:16
End of Day Share Price2021/10/17 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.