Madinet Masr For Housing and Development

CASE:MASR Stock Report

Market Cap: ج.م8.6b

Madinet Masr For Housing and Development Valuation

Is MASR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MASR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MASR (EGP4.03) is trading above our estimate of fair value (EGP1.35)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for MASR?

Key metric: As MASR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MASR. This is calculated by dividing MASR's market cap by their current earnings.
What is MASR's PE Ratio?
PE Ratio2.8x
Earningsج.م3.11b
Market Capج.م8.60b

Price to Earnings Ratio vs Peers

How does MASR's PE Ratio compare to its peers?

The above table shows the PE ratio for MASR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.9x
HELI Heliopolis for Housing & Development
1.4x-65.7%ج.م13.1b
ELSH Al Shams Housing and Urbanization SAE
9.5xn/aج.م1.5b
ELKA El Kahera Housing
1.3xn/aج.م1.7b
EIUD Egyptians for investment & Urban development
27.7xn/aج.م354.0m
MASR Madinet Masr For Housing and Development
2.8xn/aج.م8.6b

Price-To-Earnings vs Peers: MASR is good value based on its Price-To-Earnings Ratio (2.8x) compared to the peer average (9.9x).


Price to Earnings Ratio vs Industry

How does MASR's PE Ratio compare vs other companies in the EG Real Estate Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.14.6x20.7%
MASR Madinet Masr For Housing and Development
2.8xn/aUS$173.05m
EMFD Emaar Misr for Development Company (S.A.E.)
3.1xn/aUS$736.99m
HELI Heliopolis for Housing & Development
1.4x-65.7%US$262.62m
MASR 2.8xIndustry Avg. 14.6xNo. of Companies4PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
Industry Avg.14.6x20.7%
MASR Madinet Masr For Housing and Development
2.8xn/aUS$173.05m
No more companies

Price-To-Earnings vs Industry: MASR is good value based on its Price-To-Earnings Ratio (2.8x) compared to the EG Real Estate industry average (14.8x).


Price to Earnings Ratio vs Fair Ratio

What is MASR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MASR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MASR's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MASR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentج.م4.04
ج.م6.71
+66.1%
16.5%ج.م8.11ج.م5.40n/a3
Nov ’25ج.م4.11
ج.م5.75
+40.0%
10.7%ج.م6.62ج.م5.24n/a3
Oct ’25ج.م4.43
ج.م5.75
+29.9%
10.7%ج.م6.62ج.م5.24n/a3
Sep ’25ج.م4.24
ج.م5.75
+35.7%
10.7%ج.م6.62ج.م5.24n/a3
Aug ’25ج.م4.07
ج.م5.75
+41.4%
10.7%ج.م6.62ج.م5.24n/a3
Jul ’25ج.م3.87
ج.م5.75
+48.7%
10.7%ج.م6.62ج.م5.24n/a3
Jun ’25ج.م3.63
ج.م5.75
+58.5%
10.7%ج.م6.62ج.م5.24n/a3
May ’25ج.م3.27
ج.م5.75
+75.9%
10.7%ج.م6.62ج.م5.24n/a3
Apr ’25ج.م3.73
ج.م5.59
+49.8%
11.1%ج.م6.62ج.م4.99n/a4
Mar ’25ج.م4.61
ج.م5.59
+21.2%
11.1%ج.م6.62ج.م4.99n/a4
Feb ’25ج.م3.95
ج.م5.59
+41.5%
11.1%ج.م6.62ج.م4.99n/a4
Jan ’25ج.م4.06
ج.م5.59
+37.6%
11.1%ج.م6.62ج.م4.99n/a4
Dec ’24ج.م4.00
ج.م5.59
+39.7%
11.1%ج.م6.62ج.م4.99n/a4
Nov ’24ج.م3.16
ج.م4.71
+49.0%
20.0%ج.م5.50ج.م3.11ج.م4.114
Oct ’24ج.م2.98
ج.م4.44
+49.1%
21.4%ج.م5.23ج.م3.11ج.م4.433
Sep ’24ج.م3.35
ج.م4.17
+24.5%
25.4%ج.م5.23ج.م3.11ج.م4.242
Aug ’24ج.م3.31
ج.م4.13
+24.5%
24.7%ج.م5.14ج.م3.11ج.م4.072
Jul ’24ج.م3.53
ج.م4.26
+20.6%
20.0%ج.م5.14ج.م3.11ج.م3.873
Jun ’24ج.م3.46
ج.م4.26
+23.0%
20.0%ج.م5.14ج.م3.11ج.م3.633
May ’24ج.م3.37
ج.م4.26
+26.2%
20.0%ج.م5.14ج.م3.11ج.م3.273
Apr ’24ج.م3.01
ج.م4.26
+41.5%
20.0%ج.م5.14ج.م3.11ج.م3.733
Mar ’24ج.م3.51
ج.م4.26
+21.3%
20.0%ج.م5.14ج.م3.11ج.م4.613
Feb ’24ج.م3.48
ج.م4.20
+20.5%
23.0%ج.م5.19ج.م2.86ج.م3.955
Jan ’24ج.م3.20
ج.م4.20
+31.3%
23.0%ج.م5.19ج.م2.86ج.م4.065
Dec ’23ج.م3.05
ج.م4.11
+34.9%
25.8%ج.م5.19ج.م2.86ج.م4.004
Nov ’23ج.م2.85
ج.م3.98
+39.4%
23.9%ج.م5.19ج.م2.86ج.م3.164

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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