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EMFD

Emaar Misr for Development Company (S.A.E.)CASE:EMFD Stock Report

Market Cap

ج.م10.6b

7D

1.3%

1Y

-0.8%

Updated

21 Oct, 2021

Data

Company Financials +
EMFD fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance1/6
Financial Health5/6
Dividends0/6

EMFD Overview

Emaar Misr for Development Company (S.A.E.) engages in the development of real estate projects and the sale of developed units in Egypt.

Price History & Performance

Summary of all time highs, changes and price drops for Emaar Misr for Development Company (S.A.E.)
Historical stock prices
Current Share Priceج.م2.34
52 Week Highج.م2.12
52 Week Lowج.م2.84
Beta0.15
1 Month Change-5.65%
3 Month Change-3.31%
1 Year Change-0.85%
3 Year Change-21.48%
5 Year Change11.96%
Change since IPO-40.61%

Recent News & Updates

Shareholder Returns

EMFDEG Real EstateEG Market
7D1.3%-3.6%-0.8%
1Y-0.8%28.5%11.1%

Return vs Industry: EMFD underperformed the EG Real Estate industry which returned 22.8% over the past year.

Return vs Market: EMFD underperformed the EG Market which returned 9.2% over the past year.

Price Volatility

Is EMFD's price volatile compared to industry and market?
EMFD volatility
EMFD Beta0.15
Industry Beta0.80
Market Beta1

Stable Share Price: EMFD is not significantly more volatile than the rest of EG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: EMFD's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/an/ahttps://www.emaarmisr.com

Emaar Misr for Development Company (S.A.E.) engages in the development of real estate projects and the sale of developed units in Egypt. The company engages in planning and establishing urban areas, and equipping them with various facilities, services, development projects, investment, and real estate development. It also provides hospitality and hotel services.

Emaar Misr for Development Company (S.A.E.) Fundamentals Summary

How do Emaar Misr for Development Company (S.A.E.)'s earnings and revenue compare to its market cap?
EMFD fundamental statistics
Market Capج.م10.60b
Earnings (TTM)ج.م2.19b
Revenue (TTM)ج.م7.43b

4.8x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EMFD income statement (TTM)
Revenueج.م7.43b
Cost of Revenueج.م4.46b
Gross Profitج.م2.97b
Expensesج.م777.19m
Earningsج.م2.19b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.48
Gross Margin39.96%
Net Profit Margin29.51%
Debt/Equity Ratio0.05%

How did EMFD perform over the long term?

See historical performance and comparison

Valuation

Is Emaar Misr for Development Company (S.A.E.) undervalued compared to its fair value and its price relative to the market?

2.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EMFD (EGP2.34) is trading below our estimate of fair value (EGP2.39)

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


Price To Earnings Ratio

PE vs Industry: EMFD is good value based on its PE Ratio (4.8x) compared to the EG Real Estate industry average (20.5x).

PE vs Market: EMFD is good value based on its PE Ratio (4.8x) compared to the EG market (11.6x).


Price to Earnings Growth Ratio

PEG Ratio: EMFD is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: EMFD is good value based on its PB Ratio (0.5x) compared to the EG Real Estate industry average (2x).


Future Growth

How is Emaar Misr for Development Company (S.A.E.) forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

10.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EMFD's forecast earnings growth (10.2% per year) is above the savings rate (9.1%).

Earnings vs Market: EMFD's earnings (10.2% per year) are forecast to grow slower than the EG market (14.5% per year).

High Growth Earnings: EMFD's earnings are forecast to grow, but not significantly.

Revenue vs Market: EMFD's revenue (9.2% per year) is forecast to grow slower than the EG market (9.9% per year).

High Growth Revenue: EMFD's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EMFD's Return on Equity is forecast to be low in 3 years time (11.1%).


Past Performance

How has Emaar Misr for Development Company (S.A.E.) performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EMFD has a high level of non-cash earnings.

Growing Profit Margin: EMFD's current net profit margins (29.5%) are lower than last year (40.7%).


Past Earnings Growth Analysis

Earnings Trend: EMFD's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: EMFD's earnings growth over the past year (2.6%) is below its 5-year average (4.6% per year).

Earnings vs Industry: EMFD earnings growth over the past year (2.6%) underperformed the Real Estate industry 2.6%.


Return on Equity

High ROE: EMFD's Return on Equity (12%) is considered low.


Financial Health

How is Emaar Misr for Development Company (S.A.E.)'s financial position?


Financial Position Analysis

Short Term Liabilities: EMFD's short term assets (EGP51.6B) exceed its short term liabilities (EGP33.1B).

Long Term Liabilities: EMFD's short term assets (EGP51.6B) exceed its long term liabilities (EGP4.7B).


Debt to Equity History and Analysis

Debt Level: EMFD's debt to equity ratio (0.05%) is considered satisfactory.

Reducing Debt: EMFD's debt to equity ratio has reduced from 9.3% to 0.05% over the past 5 years.

Debt Coverage: EMFD's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: EMFD earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Emaar Misr for Development Company (S.A.E.) current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate EMFD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate EMFD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EMFD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EMFD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EMFD's dividend in 3 years as they are not forecast to pay a notable one for the EG market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Emaar Misr for Development Company (S.A.E.) has no CEO, or we have no data on them.


Leadership Team

Experienced Management: EMFD's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: EMFD's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Emaar Misr for Development Company (S.A.E.)'s employee growth, exchange listings and data sources


Key Information

  • Name: Emaar Misr for Development Company (S.A.E.)
  • Ticker: EMFD
  • Exchange: CASE
  • Founded: NaN
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: ج.م10.599b
  • Shares outstanding: 4.53b
  • Website: https://www.emaarmisr.com

Location

  • Emaar Misr for Development Company (S.A.E.)
  • Uptown Cairo Sales Centre
  • PO Box 229
  • Cairo
  • Egypt

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 14:31
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.