Palm Hills Developments S.A.E.

CASE:PHDC Stock Report

Market Cap: ج.م16.5b

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 (EGP5.6) is trading below our estimate of fair value (EGP7.48)

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 Ratio5.7x
Earningsج.م2.88b
Market Capج.م16.47b

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 Average11x
OCDI Sixth of October for Development and Investment Company SODIC (S.A.E.)
11.7xn/aج.م20.6b
EMFD Emaar Misr for Development Company (S.A.E.)
3.1xn/aج.م36.6b
ZMID Zahraa El Maadi Investment and Development Company SAE
9.3xn/aج.م3.7b
TMGH Talaat Moustafa Group Holding
19.8x39.9%ج.م122.9b
PHDC Palm Hills DevelopmentsE
5.7x38.2%ج.م16.5b

Price-To-Earnings vs Peers: PHDC is good value based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (11x).

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.)
3.1xn/aUS$736.99m
HELI Heliopolis for Housing & Development
1.4x-65.7%US$262.62m
MASR Madinet Masr For Housing and Development
2.8xn/aUS$173.05m
ELKA El Kahera Housing
1.3xn/aUS$34.61m
No more companies available in this PE range
PHDC 5.7xIndustry Avg. 14.6xNo. of Companies4PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PHDC is good value based on its Price-To-Earnings Ratio (5.7x) compared to the EG Real Estate industry average (14.8x).

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 Ratio5.7x
Fair PE Ratio9x

Price-To-Earnings vs Fair Ratio: PHDC is good value based on its Price-To-Earnings Ratio (5.7x) compared to the estimated Fair Price-To-Earnings Ratio (9x).

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.م5.60
ج.م6.71
+19.9%
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.م2.75n/a5
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
Nov ’23ج.م1.46
ج.م2.84
+94.7%
19.7%ج.م3.80ج.م2.22ج.م2.646

Analyst Forecast: Target price is less than 20% higher than the current share price.

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