Talaat Moustafa Group Holding

CASE:TMGH Stock Report

Market Cap: ج.م114.9b

Talaat Moustafa Group Holding Valuation

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

Valuation Score

1/6

Valuation 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 (EGP55.7) is trading below our estimate of fair value (EGP59.1)

Significantly Below Fair Value: TMGH is trading below fair value, but not by a significant amount.

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.

The above table shows the Price to Earnings ratio for TMGH. This is calculated by dividing TMGH's market cap by their current earnings.
What is TMGH's PE Ratio?
PE Ratio18.5x
Earningsج.م6.22b
Market Capج.م114.87b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TMGH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.9x
EMFD Emaar Misr for Development Company (S.A.E.)
3.1xn/aج.م36.2b
PHDC Palm Hills DevelopmentsE
6.4x35.8%ج.م18.3b
OCDI Sixth of October for Development and Investment Company SODIC (S.A.E.)
12.4xn/aج.م21.8b
ZMID Zahraa El Maadi Investment and Development Company SAE
9.8xn/aج.م3.7b
TMGH Talaat Moustafa Group Holding
18.5x41.8%ج.م114.9b

Price-To-Earnings vs Peers: TMGH is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (7.9x).

Price to Earnings Ratio vs Industry

How does TMGH'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$710.83m
HELI Heliopolis for Housing & Development
1.3x-69.1%US$246.50m
MASR Madinet Masr For Housing and Development
2.9xn/aUS$163.55m
ELKA El Kahera Housing
1.4xn/aUS$37.15m
No more companies available in this PE range
TMGH 18.5xIndustry Avg. 14.2xNo. of Companies6PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TMGH is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the EG Real Estate industry average (14.2x).

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.

TMGH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ratio11.8x

Price-To-Earnings vs Fair Ratio: TMGH is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).

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 TMGH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentج.م55.70
ج.م96.53
+73.3%
16.5%ج.م120.00ج.م75.00n/a4
Dec ’25ج.م57.62
ج.م88.70
+53.9%
10.9%ج.م96.00ج.م75.00n/a3
Nov ’25ج.م59.11
ج.م92.78
+57.0%
11.8%ج.م105.00ج.م75.00n/a4
Oct ’25ج.م63.00
ج.م96.08
+52.5%
12.3%ج.م109.30ج.م75.00n/a5
Sep ’25ج.م60.00
ج.م96.08
+60.1%
12.3%ج.م109.30ج.م75.00n/a5
Aug ’25ج.م55.52
ج.م96.33
+73.5%
13.7%ج.م109.30ج.م75.00n/a4
Jul ’25ج.م57.12
ج.م80.06
+40.2%
43.2%ج.م109.30ج.م15.00n/a5
Jun ’25ج.م54.08
ج.م80.06
+48.0%
43.2%ج.م109.30ج.م15.00n/a5
May ’25ج.م55.06
ج.م67.92
+23.4%
54.7%ج.م109.30ج.م15.00n/a5
Apr ’25ج.م65.21
ج.م67.92
+4.2%
54.7%ج.م109.30ج.م15.00n/a5
Mar ’25ج.م66.90
ج.م60.12
-10.1%
53.8%ج.م109.30ج.م15.00n/a5
Feb ’25ج.م33.90
ج.م28.91
-14.7%
41.3%ج.م42.95ج.م14.20n/a5
Jan ’25ج.م24.15
ج.م28.91
+19.7%
41.3%ج.م42.95ج.م14.20n/a5
Dec ’24ج.م22.25
ج.م28.89
+29.8%
41.3%ج.م42.95ج.م14.20ج.م57.625
Nov ’24ج.م22.40
ج.م20.53
-8.3%
40.3%ج.م35.90ج.م14.20ج.م59.115
Oct ’24ج.م13.32
ج.م16.69
+25.3%
20.4%ج.م22.55ج.م14.20ج.م63.004
Sep ’24ج.م10.90
ج.م16.33
+49.8%
17.4%ج.م22.55ج.م14.20ج.م60.006
Aug ’24ج.م9.05
ج.م16.97
+87.5%
19.0%ج.م23.70ج.م14.20ج.م55.527
Jul ’24ج.م9.00
ج.م16.95
+88.4%
19.1%ج.م23.70ج.م14.10ج.م57.127
Jun ’24ج.م9.55
ج.م16.95
+77.5%
19.1%ج.م23.70ج.م14.10ج.م54.087
May ’24ج.م9.39
ج.م17.33
+84.6%
18.4%ج.م23.70ج.م14.10ج.م55.068
Apr ’24ج.م8.67
ج.م17.33
+99.9%
18.4%ج.م23.70ج.م14.10ج.م65.218
Mar ’24ج.م9.60
ج.م17.33
+80.6%
18.4%ج.م23.70ج.م14.10ج.م66.908
Feb ’24ج.م9.66
ج.م17.17
+77.8%
25.5%ج.م23.70ج.م10.56ج.م33.906
Jan ’24ج.م9.99
ج.م15.87
+58.8%
22.5%ج.م20.00ج.م10.56ج.م24.155
Dec ’23ج.م8.66
ج.م15.73
+81.6%
23.2%ج.م20.00ج.م10.56ج.م22.255

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 Analysis2024/12/22 05:02
End of Day Share Price 2024/12/19 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

Talaat Moustafa Group Holding is covered by 15 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
Hasnain MalikCitigroup Inc
Ahmed BadrCredit Suisse
Athmane BenzerrougDeutsche Bank