Palm Hills Developments S.A.E.

CASE:PHDC Stock Report

Market Cap: ج.م18.4b

Palm Hills DevelopmentsE Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 PHDC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PHDC (EGP6.4) is trading below our estimate of fair value (EGP26.72)

Significantly Below Fair Value: PHDC is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PHDC. This is calculated by dividing PHDC's market cap by their current earnings.
What is PHDC's PE Ratio?
PE Ratio6.4x
Earningsج.م2.88b
Market Capج.م18.43b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PHDC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.2x
OCDI Sixth of October for Development and Investment Company SODIC (S.A.E.)
11.8xn/aج.م20.8b
EMFD Emaar Misr for Development Company (S.A.E.)
2.8xn/aج.م33.4b
TMGH Talaat Moustafa Group Holding
17.8x41.8%ج.م110.6b
ZMID Zahraa El Maadi Investment and Development Company SAE
8.6xn/aج.م3.2b
PHDC Palm Hills DevelopmentsE
6.4x35.8%ج.م18.4b

Price-To-Earnings vs Peers: PHDC is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (10.2x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EMFD Emaar Misr for Development Company (S.A.E.)
2.8xn/aUS$656.44m
HELI Heliopolis for Housing & Development
1.3x-69.1%US$235.24m
MASR Madinet Masr For Housing and Development
2.7xn/aUS$156.18m
ELKA El Kahera Housing
1.3xn/aUS$33.84m
No more companies available in this PE range
PHDC 6.4xIndustry Avg. 11.9xNo. of Companies8PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PHDC is good value based on its Price-To-Earnings Ratio (6.4x) compared to the EG Real Estate industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is PHDC'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.

PHDC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.4x
Fair PE Ratio8.8x

Price-To-Earnings vs Fair Ratio: PHDC is good value based on its Price-To-Earnings Ratio (6.4x) compared to the estimated Fair Price-To-Earnings Ratio (8.8x).

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 PHDC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentج.م6.40
ج.م9.01
+40.8%
28.1%ج.م13.00ج.م6.00n/a4
Dec ’25ج.م5.91
ج.م6.71
+13.6%
29.5%ج.م8.78ج.م3.80n/a4
Nov ’25ج.م5.65
ج.م6.71
+18.8%
29.5%ج.م8.78ج.م3.80n/a4
Oct ’25ج.م6.56
ج.م6.71
+2.3%
29.5%ج.م8.78ج.م3.80n/a4
Sep ’25ج.م6.89
ج.م6.71
-2.6%
29.5%ج.م8.78ج.م3.80n/a4
Aug ’25ج.م4.42
ج.م5.53
+25.1%
21.8%ج.م7.11ج.م3.80n/a4
Jul ’25ج.م4.43
ج.م4.97
+12.1%
27.6%ج.م7.11ج.م3.75n/a4
Jun ’25ج.م3.73
ج.م4.94
+32.4%
27.6%ج.م7.11ج.م3.75n/a4
May ’25ج.م3.20
ج.م4.48
+39.8%
34.3%ج.م7.11ج.م3.24n/a4
Apr ’25ج.م3.60
ج.م4.48
+24.3%
34.3%ج.م7.11ج.م3.24n/a4
Mar ’25ج.م4.77
ج.م4.48
-6.2%
34.3%ج.م7.11ج.م3.24n/a4
Feb ’25ج.م3.22
ج.م4.10
+27.2%
21.7%ج.م5.59ج.م3.24n/a4
Jan ’25ج.م2.66
ج.م3.65
+37.1%
28.5%ج.م5.59ج.م2.75n/a5
Dec ’24ج.م2.86
ج.م3.65
+27.6%
28.5%ج.م5.59ج.م2.75ج.م5.915
Nov ’24ج.م2.64
ج.م3.40
+28.8%
17.7%ج.م4.35ج.م2.75ج.م5.655
Oct ’24ج.م2.16
ج.م3.40
+57.4%
17.7%ج.م4.35ج.م2.75ج.م6.565
Sep ’24ج.م1.96
ج.م3.40
+73.1%
17.7%ج.م4.35ج.م2.75ج.م6.895
Aug ’24ج.م2.02
ج.م3.31
+64.0%
14.3%ج.م3.91ج.م2.75ج.م4.425
Jul ’24ج.م2.12
ج.م3.31
+56.2%
14.3%ج.م3.91ج.م2.75ج.م4.435
Jun ’24ج.م2.07
ج.م3.31
+60.0%
14.3%ج.م3.91ج.م2.75ج.م3.735
May ’24ج.م2.00
ج.م3.19
+59.3%
16.2%ج.م3.91ج.م2.59ج.م3.206
Apr ’24ج.م1.83
ج.م3.19
+73.8%
16.2%ج.م3.91ج.م2.59ج.م3.606
Mar ’24ج.م2.11
ج.م2.93
+39.0%
22.9%ج.م3.91ج.م2.22ج.م4.776
Feb ’24ج.م2.11
ج.م2.93
+39.0%
22.9%ج.م3.91ج.م2.22ج.م3.226
Jan ’24ج.م1.96
ج.م2.84
+45.1%
19.7%ج.م3.80ج.م2.22ج.م2.666
Dec ’23ج.م1.72
ج.م2.84
+65.2%
19.7%ج.م3.80ج.م2.22ج.م2.866

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 23:41
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Palm Hills Developments S.A.E. is covered by 16 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Aly AdelBeltone Financial
Omar El-MenawyCI Capital Research
Hasnain MalikCitigroup Inc