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PHDC

Palm Hills DevelopmentsECASE:PHDC Stock Report

Market Cap

ج.م5.8b

7D

-0.6%

1Y

33.8%

Updated

17 Oct, 2021

Data

Company Financials +
PHDC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health3/6
Dividends3/6

PHDC Overview

Palm Hills Developments S.A.E. develops integrated residential, commercial real estate, and resort projects primarily in Egypt.

Price History & Performance

Summary of all time highs, changes and price drops for Palm Hills DevelopmentsE
Historical stock prices
Current Share Priceج.م1.91
52 Week Highج.م1.22
52 Week Lowج.م2.12
Beta0.55
1 Month Change-6.42%
3 Month Change2.08%
1 Year Change33.85%
3 Year Change-9.05%
5 Year Change-15.86%
Change since IPO-86.31%

Recent News & Updates

Shareholder Returns

PHDCEG Real EstateEG Market
7D-0.6%-1.4%1.3%
1Y33.8%27.4%10.0%

Return vs Industry: PHDC exceeded the EG Real Estate industry which returned 24.7% over the past year.

Return vs Market: PHDC exceeded the EG Market which returned 8.2% over the past year.

Price Volatility

Is PHDC's price volatile compared to industry and market?
PHDC volatility
PHDC Beta0.55
Industry Beta0.81
Market Beta1

Stable Share Price: PHDC is less volatile than 75% of EG stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1997n/aYasseen Ibrahim Mansourhttps://www.palmhillsdevelopments.com

Palm Hills Developments S.A.E. develops integrated residential, commercial real estate, and resort projects primarily in Egypt. The company establishes, owns, manages, sells, and rents apartments and commercial malls, hotels, motels, hotel suites, and tourist villages, as well as sports clubs. It also offers tourism and real estate marketing services.

Palm Hills DevelopmentsE Fundamentals Summary

How do Palm Hills DevelopmentsE's earnings and revenue compare to its market cap?
PHDC fundamental statistics
Market Capج.م5.79b
Earnings (TTM)ج.م902.61m
Revenue (TTM)ج.م7.21b

6.4x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PHDC income statement (TTM)
Revenueج.م7.21b
Cost of Revenueج.م4.53b
Gross Profitج.م2.68b
Expensesج.م1.78b
Earningsج.م902.61m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin37.20%
Net Profit Margin12.52%
Debt/Equity Ratio80.9%

How did PHDC perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

34%

Payout Ratio

Valuation

Is Palm Hills DevelopmentsE undervalued compared to its fair value and its price relative to the market?

6.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PHDC (EGP1.91) is trading above our estimate of fair value (EGP0.65)

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


Price To Earnings Ratio

PE vs Industry: PHDC is good value based on its PE Ratio (6.4x) compared to the EG Real Estate industry average (20.8x).

PE vs Market: PHDC is good value based on its PE Ratio (6.4x) compared to the EG market (12.3x).


Price to Earnings Growth Ratio

PEG Ratio: PHDC is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: PHDC is good value based on its PB Ratio (0.7x) compared to the EG Real Estate industry average (2.3x).


Future Growth

How is Palm Hills DevelopmentsE forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

10.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHDC's forecast earnings growth (10.3% per year) is above the savings rate (9.1%).

Earnings vs Market: PHDC's earnings (10.3% per year) are forecast to grow slower than the EG market (14.2% per year).

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

Revenue vs Market: PHDC's revenue (1.3% per year) is forecast to grow slower than the EG market (9.9% per year).

High Growth Revenue: PHDC's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PHDC's Return on Equity is forecast to be low in 3 years time (10.6%).


Past Performance

How has Palm Hills DevelopmentsE performed over the past 5 years?

3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PHDC has high quality earnings.

Growing Profit Margin: PHDC's current net profit margins (12.5%) are higher than last year (11.8%).


Past Earnings Growth Analysis

Earnings Trend: PHDC's earnings have grown by 3.6% per year over the past 5 years.

Accelerating Growth: PHDC's earnings growth over the past year (34.3%) exceeds its 5-year average (3.6% per year).

Earnings vs Industry: PHDC earnings growth over the past year (34.3%) exceeded the Real Estate industry 2.6%.


Return on Equity

High ROE: PHDC's Return on Equity (10.4%) is considered low.


Financial Health

How is Palm Hills DevelopmentsE's financial position?


Financial Position Analysis

Short Term Liabilities: PHDC's short term assets (EGP20.5B) do not cover its short term liabilities (EGP22.6B).

Long Term Liabilities: PHDC's short term assets (EGP20.5B) exceed its long term liabilities (EGP9.0B).


Debt to Equity History and Analysis

Debt Level: PHDC's debt to equity ratio (80.9%) is considered high.

Reducing Debt: PHDC's debt to equity ratio has increased from 75.5% to 80.9% over the past 5 years.

Debt Coverage: PHDC's debt is well covered by operating cash flow (29.6%).

Interest Coverage: PHDC's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Dividend

What is Palm Hills DevelopmentsE current dividend yield, its reliability and sustainability?

5.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PHDC's dividend (5.24%) is higher than the bottom 25% of dividend payers in the EG market (2.69%).

High Dividend: PHDC's dividend (5.24%) is low compared to the top 25% of dividend payers in the EG market (7.43%).


Stability and Growth of Payments

Stable Dividend: PHDC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PHDC has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.1%), PHDC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PHDC's dividends in 3 years are forecast to be well covered by earnings (26.5% payout ratio).


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Yasseen Ibrahim Mansour

3.83yrs

Tenure

Mr. Yasseen Ibrahim Lutfy Mansour has been the Chairman of the Board at Palm Hills Developments Company S.A.E. since January 2005 and its Group Chief Executive Officer since December 7, 2017 also serves as...


Leadership Team

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


Board Members

Experienced Board: PHDC's board of directors are not considered experienced ( 1.4 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Palm Hills Developments S.A.E.'s employee growth, exchange listings and data sources


Key Information

  • Name: Palm Hills Developments S.A.E.
  • Ticker: PHDC
  • Exchange: CASE
  • Founded: 1997
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: ج.م5.792b
  • Shares outstanding: 3.04b
  • Website: https://www.palmhillsdevelopments.com

Location

  • Palm Hills Developments S.A.E.
  • Smart Village, A4 - B83
  • KM28, Alexandria Desert Road
  • Cairo
  • Egypt

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 16:16
End of Day Share Price2021/10/17 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.