Palm Hills DevelopmentsE Future Growth

Future criteria checks 6/6

Palm Hills DevelopmentsE is forecast to grow earnings and revenue by 38.2% and 30.2% per annum respectively. EPS is expected to grow by 37.1% per annum. Return on equity is forecast to be 33.1% in 3 years.

Key information

38.2%

Earnings growth rate

37.1%

EPS growth rate

Real Estate earnings growth	20.7%
Revenue growth rate	30.2%
Future return on equity	33.1%
Analyst coverage	Low
Last updated	01 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

CASE:PHDC - Analysts future estimates and past financials data (EGP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	45,259	6,750	N/A	N/A	2
12/31/2025	33,044	4,671	N/A	N/A	2
12/31/2024	24,371	3,310	N/A	N/A	2
9/30/2024	24,143	2,885	1,192	1,980	N/A
6/30/2024	21,481	2,677	-453	311	N/A
3/31/2024	20,162	2,331	718	1,660	N/A
12/31/2023	17,462	1,582	-214	753	N/A
9/30/2023	15,327	1,394	-1,185	-305	N/A
6/30/2023	13,579	1,305	-2,517	-1,855	N/A
3/31/2023	14,225	1,214	-2,155	-1,785	N/A
12/31/2022	13,600	1,256	-1,167	-899	N/A
9/30/2022	11,381	1,260	-1,024	-973	N/A
6/30/2022	10,648	921	107	153	N/A
3/31/2022	8,643	915	1,271	1,328	N/A
12/31/2021	7,717	824	469	528	N/A
9/30/2021	7,551	673	1,564	1,644	N/A
6/30/2021	7,209	897	2,150	2,231	N/A
3/31/2021	6,050	835	1,858	1,935	N/A
12/31/2020	5,208	712	1,810	1,903	N/A
9/30/2020	6,154	817	2,117	2,189	N/A
6/30/2020	5,718	672	1,101	1,178	N/A
3/31/2020	6,401	787	664	727	N/A
12/31/2019	6,224	847	1,640	1,686	N/A
9/30/2019	5,387	716	-791	-739	N/A
6/30/2019	6,564	823	-721	-680	N/A
3/31/2019	6,915	729	153	208	N/A
12/31/2018	7,423	812	-599	-537	N/A
9/30/2018	7,502	979	618	671	N/A
6/30/2018	6,749	896	N/A	669	N/A
3/31/2018	6,480	817	N/A	-11	N/A
12/31/2017	6,604	806	N/A	-278	N/A
9/30/2017	6,732	702	N/A	-328	N/A
6/30/2017	6,688	820	N/A	-328	N/A
3/31/2017	6,140	747	N/A	-271	N/A
12/31/2016	5,631	640	N/A	27	N/A
9/30/2016	4,712	644	N/A	206	N/A
6/30/2016	4,336	557	N/A	-1,630	N/A
3/31/2016	3,978	853	N/A	-2,543	N/A
12/31/2015	3,642	916	N/A	-2,659	N/A
9/30/2015	3,364	765	N/A	-2,721	N/A
6/30/2015	2,741	747	N/A	-1,281	N/A
3/31/2015	2,449	472	N/A	-442	N/A
12/31/2014	2,106	353	N/A	-488	N/A
9/30/2014	1,717	314	N/A	-537	N/A
6/30/2014	1,335	236	N/A	-284	N/A
3/31/2014	1,468	243	N/A	-186	N/A
12/31/2013	1,209	239	N/A	14	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHDC's forecast earnings growth (38.2% per year) is above the savings rate (14.7%).

Earnings vs Market: PHDC's earnings (38.2% per year) are forecast to grow faster than the EG market (14.6% per year).

High Growth Earnings: PHDC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PHDC's revenue (30.2% per year) is forecast to grow faster than the EG market (14.1% per year).

High Growth Revenue: PHDC's revenue (30.2% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PHDC's Return on Equity is forecast to be high in 3 years time (33.1%)

Palm Hills DevelopmentsE Future Growth

Future criteria checks 6/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 19%

Price target increased by 11% to ج.م5.53

Consensus revenue estimates increase by 20%

Consensus EPS estimates increase by 15%

Consensus EPS estimates fall by 14%

Price target increased by 9.3% to ج.م4.48

Recent updates

Investor sentiment improves as stock rises 16%

Investor sentiment deteriorates as stock falls 16%

Palm Hills Developments S.A.E. (CASE:PHDC) agreed to acquire 29.59% stake in Taaleem Management Services Company S.A.E. (CASE:TALM) for EGP 1.8 billion.

Consensus EPS estimates increase by 19%

Second quarter 2024 earnings released: EPS: ج.م0.23 (vs ج.م0.12 in 2Q 2023)

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

Price target increased by 11% to ج.م5.53

Consensus revenue estimates increase by 20%

Consensus EPS estimates increase by 15%

Investor sentiment improves as stock rises 16%

Consensus EPS estimates fall by 14%

Investor sentiment deteriorates as stock falls 16%

Investor sentiment deteriorates as stock falls 15%

Palm Hills Developments S.A.E., Annual General Meeting, Mar 25, 2024

Price target increased by 9.3% to ج.م4.48

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 17%

Investor sentiment improves as stock rises 17%

Third quarter 2023 earnings released: EPS: ج.م0.15 (vs ج.م0.12 in 3Q 2022)

Price target increased by 7.3% to ج.م3.65

Investor sentiment improves as stock rises 15%

Second quarter 2022 earnings released: EPS: ج.م0.087 (vs ج.م0.084 in 2Q 2021)

New major risk - Financial data availability

Price target increased by 7.3% to ج.م3.30

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Price target increased by 8.6% to ج.م3.19

Investor sentiment deteriorates as stock falls 16%

Now 27% undervalued after recent price drop

Price target increased by 8.3% to ج.م3.08

Now 21% undervalued

Now 22% undervalued

Less than half of directors are independent

Palm Hills Developments S.A.E., Annual General Meeting, Nov 06, 2022

Price target increased to ج.م2.88

Less than half of directors are independent

Palm Hills Developments S.A.E. (CASE:PHDC) acquired additional 15.35% minority stake in International Company for Leasing S.A.E. (CASE:ICLE) for EGP 23.6 million.

Palm Hills Developments and Taaleem Management Services Ink Shareholder Agreement to Establish University in Badya, in Collaboration with Medical University of Vienna International

Palm Hills Developments Applies to Cancel Listing and Terminate GDR Programmes

Palm Hills Developments S.A.E. Decides To Cancel GDRs From LSE

New 90-day high - ج.م1.45

Arab African International Bank acquired 12.25% stake in Palm Hills Developments S.A.E. (CASE : PHDC) for for approximately EGP 540 million.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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