Sixth of October for Development and Investment Company ‘SODIC’ (S.A.E.) operates as a real estate development company in Egypt.
Price History & Performance
|Historical stock prices|
|Current Share Price||ج.م18.46|
|52 Week High||ج.م10.90|
|52 Week Low||ج.م19.25|
|1 Month Change||0.82%|
|3 Month Change||6.64%|
|1 Year Change||51.81%|
|3 Year Change||22.74%|
|5 Year Change||41.02%|
|Change since IPO||806.68%|
Recent News & Updates
|OCDI||EG Real Estate||EG Market|
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.
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
|1996||n/a||Magued Ahmed Mohamed Sherif||https://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
|OCDI fundamental statistics|
Is OCDI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OCDI income statement (TTM)|
|Cost of Revenue||ج.م4.15b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.72|
|Net Profit Margin||15.70%|
How did OCDI perform over the long term?See historical performance and comparison
3.0%Current Dividend Yield
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?
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).
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?
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%).
How has Sixth of October for Development and Investment Company SODIC (S.A.E.) performed over the past 5 years?
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.
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.
What is Sixth of October for Development and Investment Company SODIC (S.A.E.) current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Magued Ahmed Mohamed Sherif
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...
Experienced Management: OCDI's management team is considered experienced (3.5 years average tenure).
Experienced Board: OCDI's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2%.
Sixth of October for Development and Investment Company "SODIC" (S.A.E.)'s employee growth, exchange listings and data sources
- 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
- 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
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 14:32|
|End of Day Share Price||2021/10/20 00:00|
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.