Financials Cairo Poultry Company S.A.E.

Equities

End-of-day quote Egyptian Exchange Other stock markets 06:00:00 2024-04-23 pm EDT			5-day change	1st Jan Change
6.75 ^EGP	+0.45%		-5.73%	-16.67%

Mar. 03	Cairo Poultry Company S.A.E. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Cairo Poultry Company S.A.E. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,041	1,504	1,346	1,557	3,880	3,233	-	-
Enterprise Value (EV) ¹	2,041	1,504	1,346	1,557	3,880	3,233	3,233	3,233
P/E ratio	17.5 x	-	7.39 x	-	3.38 x	2.81 x	2.81 x	-
Yield	5.87%	-	-	-	-	10.8%	10.5%	-
Capitalization / Revenue	0.46 x	0.36 x	0.27 x	0.24 x	0.33 x	0.27 x	0.26 x	0.25 x
EV / Revenue	0.46 x	0.36 x	0.27 x	0.24 x	0.33 x	0.27 x	0.26 x	0.25 x
EV / EBITDA	2.96 x	2.51 x	2.01 x	1.71 x	1.34 x	1.27 x	1.27 x	-
EV / FCF	33,194,525 x	-	10,865,606 x	-	-	-	3,282,498 x	3,790,458 x
FCF Yield	0%	-	0%	-	-	-	0%	0%
Price to Book	1.73 x	-	1 x	0.96 x	1.4 x	0.92 x	0.76 x	-
Nbr of stocks (in thousands)	479,002	479,002	479,002	479,002	479,002	479,002	-	-
Reference price ²	4.260	3.140	2.810	3.250	8.100	6.750	6.750	6.750
Announcement Date	3/4/20	3/1/21	3/1/22	3/1/23	3/3/24	-	-	-

¹EGP in Million²EGP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,415	4,178	4,996	6,472	11,783	12,096	12,676	12,764
EBITDA ¹	690.4	598.6	669.5	910.1	2,897	2,551	2,544	-
EBIT ¹	290.2	-	287.6	573.6	2,267	1,617	1,496	1,283
Operating Margin	6.57%	-	5.76%	8.86%	19.24%	13.37%	11.8%	10.05%
Earnings before Tax (EBT) ¹	174.5	-	253.2	483.2	1,597	1,660	1,603	-
Net income ¹	116.8	103.4	182.2	295.9	1,147	1,177	1,100	914
Net margin	2.65%	2.47%	3.65%	4.57%	9.74%	9.73%	8.68%	7.16%
EPS ²	0.2439	-	0.3804	-	2.395	2.400	2.400	-
Free Cash Flow	61.47	-	123.9	-	-	-	985	853
FCF margin	1.39%	-	2.48%	-	-	-	7.77%	6.68%
FCF Conversion (EBITDA)	8.9%	-	18.5%	-	-	-	38.72%	-
FCF Conversion (Net income)	52.61%	-	67.98%	-	-	-	89.55%	93.33%
Dividend per Share ²	0.2500	-	-	-	-	0.7300	0.7100	-
Announcement Date	3/4/20	3/1/21	3/1/22	3/1/23	3/3/24	-	-	-

¹EGP in Million²EGP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	61.5	-	124	-	-	-	985	853
ROE (net income / shareholders' equity)	9.81%	-	14%	19.9%	52.3%	38.2%	29.2%	-
ROA (Net income/ Total Assets)	4.47%	-	6.77%	9.22%	25.5%	19%	16%	-
Assets ¹	2,611	-	2,693	3,211	4,498	6,195	6,875	-
Book Value Per Share ²	2.460	-	2.820	3.390	5.780	7.300	8.900	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	123	-	417	-	-	-	1,004	991
Capex / Sales	2.78%	-	8.35%	-	-	-	7.92%	7.76%
Announcement Date	3/4/20	3/1/21	3/1/22	3/1/23	3/3/24	-	-	-

¹EGP in Million²EGP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

6.75 EGP

Average target price

9.65 EGP

Spread / Average Target

+42.96%

	1st Jan change	Capi.
CAIRO POULTRY COMPANY S.A.E.	-16.67%	67.5M
TYSON FOODS, INC.	+12.80%	21.61B
HORMEL FOODS CORPORATION	+10.00%	19.34B
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.	+1.09%	12.91B
WH GROUP LIMITED	+15.67%	10.53B
JBS S.A.	-8.03%	9.91B
PILGRIM'S PRIDE CORPORATION	+29.28%	8.47B
BRF S.A.	+26.36%	5.71B
LDC	+6.43%	2.79B
MAPLE LEAF FOODS INC.	-3.76%	2.18B