Talaat Moustafa Group Holding Valuation
Is TMGH undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
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 TMGH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TMGH (EGP59.6) is trading above our estimate of fair value (EGP54.39)
Significantly Below Fair Value: TMGH is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TMGH?
Key metric: As TMGH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is TMGH's PE Ratio? | |
|---|---|
| PE Ratio | 19.8x |
| Earnings | ج.م6.22b |
| Market Cap | ج.م122.91b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4x |
| Enterprise Value/EBITDA | 13.5x |
| PEG Ratio | 0.5x |
Price to Earnings Ratio vs Peers
How does TMGH's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 7.5x | ||
EMFD Emaar Misr for Development Company (S.A.E.) | 3.1x | n/a | ج.م36.6b |
OCDI Sixth of October for Development and Investment Company SODIC (S.A.E.) | 11.7x | n/a | ج.م20.6b |
PHDC Palm Hills DevelopmentsE | 5.7x | 38.2% | ج.م16.5b |
ZMID Zahraa El Maadi Investment and Development Company SAE | 9.3x | n/a | ج.م3.7b |
TMGH Talaat Moustafa Group Holding | 19.8x | 39.9% | ج.م122.9b |
Price-To-Earnings vs Peers: TMGH is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (7.5x).
Price to Earnings Ratio vs Industry
How does TMGH's PE Ratio compare vs other companies in the EG Real Estate Industry?
| 4 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
EMFD Emaar Misr for Development Company (S.A.E.) | 3.1x | n/a | US$736.99m |
HELI Heliopolis for Housing & Development | 1.4x | -65.7% | US$262.62m |
MASR Madinet Masr For Housing and Development | 2.8x | n/a | US$173.05m |
ELKA El Kahera Housing | 1.3x | n/a | US$34.61m |
| 4 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: TMGH is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the EG Real Estate industry average (14.8x).
Price to Earnings Ratio vs Fair Ratio
What is TMGH'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 19.8x |
| Fair PE Ratio | 11.6x |
Price-To-Earnings vs Fair Ratio: TMGH is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the estimated Fair Price-To-Earnings Ratio (11.6x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | ج.م59.60 | ج.م88.70 +48.8% | 10.9% | ج.م96.00 | ج.م75.00 | n/a | 3 |
| Nov ’25 | ج.م59.11 | ج.م92.78 +57.0% | 11.8% | ج.م105.00 | ج.م75.00 | n/a | 4 |
| Oct ’25 | ج.م63.00 | ج.م96.08 +52.5% | 12.3% | ج.م109.30 | ج.م75.00 | n/a | 5 |
| Sep ’25 | ج.م60.00 | ج.م96.08 +60.1% | 12.3% | ج.م109.30 | ج.م75.00 | n/a | 5 |
| Aug ’25 | ج.م55.52 | ج.م96.33 +73.5% | 13.7% | ج.م109.30 | ج.م75.00 | n/a | 4 |
| Jul ’25 | ج.م57.12 | ج.م80.06 +40.2% | 43.2% | ج.م109.30 | ج.م15.00 | n/a | 5 |
| Jun ’25 | ج.م54.08 | ج.م80.06 +48.0% | 43.2% | ج.م109.30 | ج.م15.00 | n/a | 5 |
| May ’25 | ج.م55.06 | ج.م67.92 +23.4% | 54.7% | ج.م109.30 | ج.م15.00 | n/a | 5 |
| Apr ’25 | ج.م65.21 | ج.م67.92 +4.2% | 54.7% | ج.م109.30 | ج.م15.00 | n/a | 5 |
| Mar ’25 | ج.م66.90 | ج.م60.12 -10.1% | 53.8% | ج.م109.30 | ج.م15.00 | n/a | 5 |
| Feb ’25 | ج.م33.90 | ج.م28.91 -14.7% | 41.3% | ج.م42.95 | ج.م14.20 | n/a | 5 |
| Jan ’25 | ج.م24.15 | ج.م28.91 +19.7% | 41.3% | ج.م42.95 | ج.م14.20 | n/a | 5 |
| Dec ’24 | ج.م22.25 | ج.م28.89 +29.8% | 41.3% | ج.م42.95 | ج.م14.20 | n/a | 5 |
| Nov ’24 | ج.م22.40 | ج.م20.53 -8.3% | 40.3% | ج.م35.90 | ج.م14.20 | ج.م59.11 | 5 |
| Oct ’24 | ج.م13.32 | ج.م16.69 +25.3% | 20.4% | ج.م22.55 | ج.م14.20 | ج.م63.00 | 4 |
| Sep ’24 | ج.م10.90 | ج.م16.33 +49.8% | 17.4% | ج.م22.55 | ج.م14.20 | ج.م60.00 | 6 |
| Aug ’24 | ج.م9.05 | ج.م16.97 +87.5% | 19.0% | ج.م23.70 | ج.م14.20 | ج.م55.52 | 7 |
| Jul ’24 | ج.م9.00 | ج.م16.95 +88.4% | 19.1% | ج.م23.70 | ج.م14.10 | ج.م57.12 | 7 |
| Jun ’24 | ج.م9.55 | ج.م16.95 +77.5% | 19.1% | ج.م23.70 | ج.م14.10 | ج.م54.08 | 7 |
| May ’24 | ج.م9.39 | ج.م17.33 +84.6% | 18.4% | ج.م23.70 | ج.م14.10 | ج.م55.06 | 8 |
| Apr ’24 | ج.م8.67 | ج.م17.33 +99.9% | 18.4% | ج.م23.70 | ج.م14.10 | ج.م65.21 | 8 |
| Mar ’24 | ج.م9.60 | ج.م17.33 +80.6% | 18.4% | ج.م23.70 | ج.م14.10 | ج.م66.90 | 8 |
| Feb ’24 | ج.م9.66 | ج.م17.17 +77.8% | 25.5% | ج.م23.70 | ج.م10.56 | ج.م33.90 | 6 |
| Jan ’24 | ج.م9.99 | ج.م15.87 +58.8% | 22.5% | ج.م20.00 | ج.م10.56 | ج.م24.15 | 5 |
| Dec ’23 | ج.م8.66 | ج.م15.73 +81.6% | 23.2% | ج.م20.00 | ج.م10.56 | ج.م22.25 | 5 |
| Nov ’23 | ج.م8.44 | ج.م15.12 +79.2% | 20.9% | ج.م20.00 | ج.م10.56 | ج.م22.40 | 5 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.