Sidi Kerir Petrochemicals (CASE:SKPC) - Share price, News & Analysis

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

SKPC Overview

Sidi Kerir Petrochemicals Co. produces and sells ethylene and polyethylene products in Egypt and internationally.

Rewards

Became profitable this year

Risk Analysis

Earnings are forecast to decline by an average of 2.4% per year for the next 3 years

Price History & Performance

Summary of all time highs, changes and price drops for Sidi Kerir Petrochemicals
Historical stock prices
Current Share Price	ج.م9.30
52 Week High	ج.م6.84
52 Week Low	ج.م13.10
Beta	0.96
1 Month Change	-5.01%
3 Month Change	-23.77%
1 Year Change	12.32%
3 Year Change	-58.67%
5 Year Change	-27.74%
Change since IPO	-53.73%

Shareholder Returns

	SKPC	EG Chemicals	EG Market
7D	2.6%	7.1%	1.4%
1Y	12.3%	36.7%	8.2%

Return vs Industry: SKPC underperformed the EG Chemicals industry which returned 31.9% over the past year.

Return vs Market: SKPC exceeded the EG Market which returned 7.4% over the past year.

Price Volatility

Is SKPC's price volatile compared to industry and market?
SKPC volatility
SKPC Beta	0.96
Industry Beta	0.70
Market Beta	1

Stable Share Price: SKPC is not significantly more volatile than the rest of EG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SKPC's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1997	n/a	Mohamed Ibrahim	https://www.sidpec.com

Sidi Kerir Petrochemicals Co. produces and sells ethylene and polyethylene products in Egypt and internationally. The company offers high and linear low density polyethylene under the Egyptene name that are used in film industry, as well as blow molding, injection molding, and roto molding grade applications; LPG; and polymer grade ethylene products. It also provides Butene-1 that is used as a co-monomer in polyethylene production to control the density; and as a monomer in butadiene and for poly butadiene production.

Sidi Kerir Petrochemicals Fundamentals Summary

How do Sidi Kerir Petrochemicals's earnings and revenue compare to its market cap?
SKPC fundamental statistics
Market Cap	ج.م4.83b
Earnings (TTM)	ج.م300.66m
Revenue (TTM)	ج.م4.47b

16.2x

P/E Ratio

1.1x

P/S Ratio

Is SKPC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKPC income statement (TTM)
Revenue	ج.م4.47b
Cost of Revenue	ج.م3.77b
Gross Profit	ج.م693.89m
Expenses	ج.م393.23m
Earnings	ج.م300.66m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.57
Gross Margin	15.53%
Net Profit Margin	6.73%
Debt/Equity Ratio	0%

How did SKPC perform over the long term?

See historical performance and comparison

Valuation

Is Sidi Kerir Petrochemicals undervalued compared to its fair value and its price relative to the market?

16.24x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: SKPC (EGP9.3) is trading above our estimate of fair value (EGP8.17)

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

Price To Earnings Ratio

PE vs Industry: SKPC is poor value based on its PE Ratio (16.2x) compared to the EG Chemicals industry average (8.9x).

PE vs Market: SKPC is poor value based on its PE Ratio (16.2x) compared to the EG market (12.2x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

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

Future Growth

How is Sidi Kerir Petrochemicals forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-2.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKPC's earnings are forecast to decline over the next 3 years (-2.4% per year).

Earnings vs Market: SKPC's earnings are forecast to decline over the next 3 years (-2.4% per year).

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

Revenue vs Market: SKPC's revenue (2.3% per year) is forecast to grow slower than the EG market (10% per year).

High Growth Revenue: SKPC's revenue (2.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SKPC's Return on Equity is forecast to be low in 3 years time (12.9%).

Past Performance

How has Sidi Kerir Petrochemicals performed over the past 5 years?

-30.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SKPC has high quality earnings.

Growing Profit Margin: SKPC became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: SKPC's earnings have declined by 30.6% per year over the past 5 years.

Accelerating Growth: SKPC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SKPC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (30.4%).

Return on Equity

High ROE: SKPC's Return on Equity (9.6%) is considered low.

Financial Health

How is Sidi Kerir Petrochemicals's financial position?

Financial Position Analysis

Short Term Liabilities: SKPC's short term assets (EGP2.4B) exceed its short term liabilities (EGP1.9B).

Long Term Liabilities: SKPC's short term assets (EGP2.4B) exceed its long term liabilities (EGP195.0M).

Debt to Equity History and Analysis

Debt Level: SKPC is debt free.

Reducing Debt: SKPC had no debt 5 years ago.

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

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

Balance Sheet

Dividend

What is Sidi Kerir Petrochemicals's current dividend yield, its reliability and sustainability?

5.22%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

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

Current Payout to Shareholders

Dividend Coverage: SKPC is not paying a notable dividend for the EG market.

Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SKPC'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?

CEO

Mohamed Ibrahim

1.75yrs

Tenure

Eng. Mohamed Mohamed Ibrahim has been the Chairman and Chief Executive Officer at Sidi Kerir Petrochemicals Co. since 2020.

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	2021/10/14 15:43
End of Day Share Price	2021/10/14 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31

Market Cap

7D

1Y

Updated

Data