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OCDI

Sixth of October for Development and Investment Company SODIC (S.A.E.)CASE:OCDI Stock Report

Market Cap

ج.م6.6b

7D

0.4%

1Y

51.8%

Updated

21 Oct, 2021

Data

Company Financials +
OCDI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends4/6

OCDI Overview

Sixth of October for Development and Investment Company ‘SODIC’ (S.A.E.) operates as a real estate development company in Egypt.

Price History & Performance

Summary of all time highs, changes and price drops for Sixth of October for Development and Investment Company SODIC (S.A.E.)
Historical stock prices
Current Share Priceج.م18.46
52 Week Highج.م10.90
52 Week Lowج.م19.25
Beta0.96
1 Month Change0.82%
3 Month Change6.64%
1 Year Change51.81%
3 Year Change22.74%
5 Year Change41.02%
Change since IPO806.68%

Recent News & Updates

Shareholder Returns

OCDIEG Real EstateEG Market
7D0.4%-3.6%-0.8%
1Y51.8%28.5%11.1%

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

Return vs Market: OCDI exceeded the EG Market which returned 9.2% over the past year.

Price Volatility

Is OCDI's price volatile compared to industry and market?
OCDI volatility
OCDI Beta0.96
Industry Beta0.80
Market Beta1

Stable Share Price: OCDI is less volatile than 75% of EG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: OCDI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aMagued Ahmed Mohamed Sherifhttps://www.sodic.com

Sixth of October for Development and Investment Company ‘SODIC’ (S.A.E.) operates as a real estate development company in Egypt. It develops, sells, and leases residential units, commercial shops, villas, and industrial properties. The company was founded in 1996 and is headquartered in Sheikh Zayed City, Egypt.

Sixth of October for Development and Investment Company SODIC (S.A.E.) Fundamentals Summary

How do Sixth of October for Development and Investment Company SODIC (S.A.E.)'s earnings and revenue compare to its market cap?
OCDI fundamental statistics
Market Capج.م6.58b
Earnings (TTM)ج.م970.12m
Revenue (TTM)ج.م6.18b

6.8x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OCDI income statement (TTM)
Revenueج.م6.18b
Cost of Revenueج.م4.15b
Gross Profitج.م2.03b
Expensesج.م1.06b
Earningsج.م970.12m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.72
Gross Margin32.90%
Net Profit Margin15.70%
Debt/Equity Ratio42.3%

How did OCDI perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is Sixth of October for Development and Investment Company SODIC (S.A.E.) undervalued compared to its fair value and its price relative to the market?

6.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OCDI (EGP18.46) is trading above our estimate of fair value (EGP12.94)

Significantly Below Fair Value: OCDI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OCDI is good value based on its PE Ratio (6.8x) compared to the EG Real Estate industry average (20.5x).

PE vs Market: OCDI is good value based on its PE Ratio (6.8x) compared to the EG market (11.6x).


Price to Earnings Growth Ratio

PEG Ratio: OCDI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: OCDI is good value based on its PB Ratio (1.1x) compared to the EG Real Estate industry average (2x).


Future Growth

How is Sixth of October for Development and Investment Company SODIC (S.A.E.) forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-5.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OCDI's earnings are forecast to decline over the next 3 years (-5.3% per year).

Earnings vs Market: OCDI's earnings are forecast to decline over the next 3 years (-5.3% per year).

High Growth Earnings: OCDI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: OCDI's revenue is expected to decline over the next 3 years (-12.3% per year).

High Growth Revenue: OCDI's revenue is forecast to decline over the next 3 years (-12.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OCDI's Return on Equity is forecast to be low in 3 years time (10.3%).


Past Performance

How has Sixth of October for Development and Investment Company SODIC (S.A.E.) performed over the past 5 years?

11.8%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: OCDI's current net profit margins (15.7%) are higher than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: OCDI's earnings have grown by 11.8% per year over the past 5 years.

Accelerating Growth: OCDI's earnings growth over the past year (113.1%) exceeds its 5-year average (11.8% per year).

Earnings vs Industry: OCDI earnings growth over the past year (113.1%) exceeded the Real Estate industry 2.6%.


Return on Equity

High ROE: OCDI's Return on Equity (16%) is considered low.


Financial Health

How is Sixth of October for Development and Investment Company SODIC (S.A.E.)'s financial position?


Financial Position Analysis

Short Term Liabilities: OCDI's short term assets (EGP21.8B) exceed its short term liabilities (EGP12.4B).

Long Term Liabilities: OCDI's short term assets (EGP21.8B) exceed its long term liabilities (EGP7.4B).


Debt to Equity History and Analysis

Debt Level: OCDI's debt to equity ratio (42.3%) is considered high.

Reducing Debt: OCDI's debt to equity ratio has reduced from 87% to 42.3% over the past 5 years.

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

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


Balance Sheet


Dividend

What is Sixth of October for Development and Investment Company SODIC (S.A.E.) current dividend yield, its reliability and sustainability?

2.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OCDI's dividend (2.98%) is higher than the bottom 25% of dividend payers in the EG market (2.67%).

High Dividend: OCDI's dividend (2.98%) is low compared to the top 25% of dividend payers in the EG market (7.53%).


Stability and Growth of Payments

Stable Dividend: OCDI's dividends per share have been stable in the past 10 years.

Growing Dividend: OCDI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.2%), OCDI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: OCDI's dividends in 3 years are forecast to be well covered by earnings (22.9% payout ratio).


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Magued Ahmed Mohamed Sherif

6.08yrs

Tenure

Mr. Magued Ahmed Sami Mohamed Sherif served as the Chairman and the Chief Executive Officer of MAF Misr for Commercial and Real Estate Investments of Majid Al Futtaim Properties LLC. Mr. Sherif has been th...


Leadership Team

Experienced Management: OCDI's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: OCDI's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 2%.


Top Shareholders

Company Information

Sixth of October for Development and Investment Company "SODIC" (S.A.E.)'s employee growth, exchange listings and data sources


Key Information

  • Name: Sixth of October for Development and Investment Company "SODIC" (S.A.E.)
  • Ticker: OCDI
  • Exchange: CASE
  • Founded: 1996
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: ج.م6.575b
  • Shares outstanding: 356.20m
  • Website: https://www.sodic.com

Number of Employees


Location

  • Sixth of October for Development and Investment Company "SODIC" (S.A.E.)
  • Km. 38 Cairo-Alexandria Desert Road
  • P.O Box: 119
  • Sheikh Zayed City
  • 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 14:32
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.