Price Target Changed • May 21
Price target decreased by 12% to ج.م319 Down from ج.م361, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ج.م324. Stock is up 119% over the past year. The company is forecast to post earnings per share of ج.م26.30 for next year compared to ج.م24.69 last year. Duyuru • Oct 03
Egypt Aluminum announces Annual dividend, payable on October 16, 2025 Egypt Aluminum announced Annual dividend of EGP 8.0000 per share payable on October 16, 2025, ex-date on October 14, 2025 and record date on October 15, 2025. Duyuru • Aug 28
Egypt Aluminum, Annual General Meeting, Sep 18, 2025 Egypt Aluminum, Annual General Meeting, Sep 18, 2025, at 15:00 Egypt Standard Time. Location: cairo Egypt Buy Or Sell Opportunity • May 22
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.0% to ج.م150. The fair value is estimated to be ج.م125, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 65%. Revenue is forecast to grow by 1.9% in a year. Earnings are forecast to grow by 6.0% in the next year. Declared Dividend • Nov 08
Dividend increased to ج.م7.00 Dividend of ج.م7.00 is 7.7% higher than last year. Ex-date: 19th November 2024 Payment date: 21st November 2024 Dividend yield will be 6.3%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 31% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Oct 22
Price target increased by 40% to ج.م189 Up from ج.م135, the current price target is an average from 2 analysts. New target price is 57% above last closing price of ج.م120. Stock is up 90% over the past year. The company posted earnings per share of ج.م22.60 last year. Duyuru • Oct 05
Egypt Aluminum, Annual General Meeting, Oct 21, 2024 Egypt Aluminum, Annual General Meeting, Oct 21, 2024, at 15:00 Egypt Standard Time. Location: cairo Egypt Buy Or Sell Opportunity • Jul 07
Now 28% overvalued Over the last 90 days, the stock has fallen 3.7% to ج.م104. The fair value is estimated to be ج.م81.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Price Target Changed • Jun 05
Price target increased by 21% to ج.م135 Up from ج.م111, the current price target is an average from 2 analysts. New target price is 47% above last closing price of ج.م91.36. Stock is up 115% over the past year. The company posted earnings per share of ج.م8.95 last year. New Risk • May 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 26% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Reported Earnings • May 26
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ج.م9.07b (up 42% from 3Q 2023). Net income: ج.م1.79b (down 19% from 3Q 2023). Profit margin: 20% (down from 35% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Metals and Mining industry in Africa. Over the last 3 years on average, earnings per share has increased by 81% per year whereas the company’s share price has increased by 82% per year. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ج.م95.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Metals and Mining industry in Africa. Total returns to shareholders of 680% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م48.28 per share. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ج.م108, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Metals and Mining industry in Africa. Total returns to shareholders of 1,109% over the past three years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ج.م88.15, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Metals and Mining industry in Africa. Total returns to shareholders of 821% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م41.77 per share. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ج.م105, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Africa. Total returns to shareholders of 893% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م42.56 per share. Reported Earnings • Feb 21
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ج.م7.39b (up 51% from 2Q 2023). Net income: ج.م1.81b (up 70% from 2Q 2023). Profit margin: 25% (up from 22% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in Africa. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ج.م122, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Metals and Mining industry in Africa. Total returns to shareholders of 1,076% over the past three years. New Risk • Jan 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Egyptian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 7.9% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (93% cash payout ratio). Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ج.م84.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Africa. Total returns to shareholders of 669% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م37.82 per share. Major Estimate Revision • Dec 04
Consensus revenue estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ج.م24.4b to ج.م27.0b. EPS estimate unchanged from ج.م10.80 at last update. Metals and Mining industry in Egypt expected to see average net income growth of 2.3% next year. Consensus price target up from ج.م53.85 to ج.م63.29. Share price fell 2.9% to ج.م66.87 over the past week. Price Target Changed • Dec 02
Price target increased by 23% to ج.م63.29 Up from ج.م51.30, the current price target is an average from 4 analysts. New target price is 5.9% below last closing price of ج.م67.27. Stock is up 131% over the past year. The company is forecast to post earnings per share of ج.م10.80 for next year compared to ج.م8.95 last year. Reported Earnings • Nov 28
First quarter 2024 earnings released: EPS: ج.م3.95 (vs ج.م1.56 in 1Q 2023) First quarter 2024 results: EPS: ج.م3.95 (up from ج.م1.56 in 1Q 2023). Revenue: ج.م6.00b (up 73% from 1Q 2023). Net income: ج.م1.63b (up 154% from 1Q 2023). Profit margin: 27% (up from 19% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Metals and Mining industry in Africa. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 14
Upcoming dividend of ج.م6.50 per share at 6.0% yield Eligible shareholders must have bought the stock before 21 November 2023. Payment date: 23 November 2023. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 6.0%. Lower than top quartile of Egyptian dividend payers (7.1%). Higher than average of industry peers (5.2%). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ج.م77.70, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Metals and Mining industry in Africa. Total returns to shareholders of 687% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م37.88 per share. New Risk • Oct 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Egyptian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Minor Risks Dividend is not well covered by cash flows (170% cash payout ratio). Share price has been volatile over the past 3 months (8.0% average weekly change). Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ج.م53.99, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Metals and Mining industry in Africa. Total returns to shareholders of 489% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م35.08 per share. Major Estimate Revision • Oct 18
Consensus EPS estimates increase by 13%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ج.م25.5b to ج.م24.4b. EPS estimate rose from ج.م10.80 to ج.م12.15. Net income forecast to grow 36% next year vs 34% growth forecast for Metals and Mining industry in Egypt. Consensus price target up from ج.م51.30 to ج.م54.02. Share price rose 7.8% to ج.م44.96 over the past week. Reported Earnings • Oct 07
Full year 2023 earnings released Full year 2023 results: Revenue: ج.م22.0b (up 52% from FY 2022). Net income: ج.م3.69b (up 48% from FY 2022). Profit margin: 17% (in line with FY 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Metals and Mining industry in Africa. New Risk • Sep 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. High level of non-cash earnings (85% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Jul 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 9.4% per year for the foreseeable future. High level of non-cash earnings (85% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Buying Opportunity • Jul 24
Now 21% undervalued Over the last 90 days, the stock is up 3.5%. The fair value is estimated to be ج.م53.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ج.م37.14, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Metals and Mining industry in Africa. Total returns to shareholders of 390% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م34.92 per share. Reported Earnings • Nov 27
First quarter 2023 earnings released First quarter 2023 results: Revenue: ج.م3.47b (up 4.0% from 1Q 2022). Net income: ج.م642.6m (up 135% from 1Q 2022). Profit margin: 19% (up from 8.2% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Metals and Mining industry in Africa. Price Target Changed • Nov 16
Price target decreased to ج.م24.95 Down from ج.م28.90, the current price target is an average from 2 analysts. New target price is 16% below last closing price of ج.م29.57. Stock is up 40% over the past year. The company is forecast to post earnings per share of ج.م7.21 for next year compared to ج.م6.06 last year. Upcoming Dividend • Nov 16
Upcoming dividend of ج.م4.50 per share Eligible shareholders must have bought the stock before 22 November 2022. Payment date: 24 November 2022. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 15%. Within top quartile of Egyptian dividend payers (9.8%). Higher than average of industry peers (8.2%). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improved over the past week After last week's 17% share price gain to ج.م29.36, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Metals and Mining industry in Africa. Total returns to shareholders of 119% over the past three years. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 36% share price gain to ج.م24.10, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Metals and Mining industry in Africa. Total returns to shareholders of 106% over the past three years. Major Estimate Revision • Oct 08
Consensus EPS estimates increase by 121% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from ج.م14.6b to ج.م15.9b. EPS estimate increased from ج.م3.26 to ج.م7.21 per share. Net income forecast to grow 19% next year vs 2.7% decline forecast for Metals and Mining industry in Egypt. Consensus price target down from ج.م28.90 to ج.م24.95. Share price fell 2.1% to ج.م18.70 over the past week. Reported Earnings • Sep 23
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: ج.م14.5b (up 27% from FY 2021). Net income: ج.م2.50b (up ج.م2.48b from FY 2021). Profit margin: 17% (up from 0.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.0%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Africa. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 18% share price gain to ج.م20.44, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in Africa. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improved over the past week After last week's 16% share price gain to ج.م16.06, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Metals and Mining industry in Africa. Total returns to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ج.م13.98, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Metals and Mining industry in Africa. Total returns to shareholders of 9.7% over the past three years. Price Target Changed • Apr 27
Price target decreased to ج.م33.60 Down from ج.م38.30, the current price target is provided by 1 analyst. New target price is 68% above last closing price of ج.م20.00. Stock is up 51% over the past year. The company posted earnings per share of ج.م0.07 last year. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ج.م22.18, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Metals and Mining industry in Africa. Total returns to shareholders of 18% over the past three years. Price Target Changed • Sep 15
Price target increased to ج.م23.50 Up from ج.م17.90, the current price target is provided by 1 analyst. New target price is 16% below last closing price of ج.م27.86. Stock is up 148% over the past year. Is New 90 Day High Low • Jan 27
New 90-day high: ج.م14.09 The company is up 28% from its price of ج.م10.98 on 28 October 2020. The Egyptian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 11
New 90-day high: ج.م12.80 The company is up 7.0% from its price of ج.م11.95 on 13 October 2020. The Egyptian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 7.0% over the same period. Is New 90 Day High Low • Oct 22
New 90-day low: ج.م10.79 The company is down 5.0% from its price of ج.م11.38 on 22 July 2020. The Egyptian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 1.0% over the same period. Analyst Estimate Surprise Post Earnings • Oct 16
Annual earnings released: Revenue misses expectations Annual revenue missed analyst estimates by 1.5% at ج.م7.25b. Revenue is forecast to grow 12% over the next year, compared to a 32% growth forecast for the Metals and Mining industry in Egypt. Reported Earnings • Oct 14
Full year earnings released - ج.م4.05 loss per share Over the last 12 months the company has reported total losses of ج.م1.67b, with earnings decreasing by ج.م2.23b from the prior year. Total revenue was ج.م7.25b over the last 12 months, down 40% from the prior year. Is New 90 Day High Low • Oct 04
New 90-day high: ج.م12.98 The company is up 8.0% from its price of ج.م11.98 on 06 July 2020. The Egyptian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م13.25 per share.