Financials Eastern Company S.A.E

Equities

EAST

EGS37091C013

Tobacco

End-of-day quote Egyptian Exchange 06:00:00 2024-04-23 pm EDT 5-day change 1st Jan Change
25.12 EGP 0.00% Intraday chart for Eastern Company S.A.E -3.35% -11.55%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 34,740 28,611 26,179 22,969 47,588 56,018 - -
Enterprise Value (EV) 1 28,805 21,173 25,115 22,969 44,368 45,651 45,964 56,018
P/E ratio 10 x 7.97 x 6.77 x 6.4 x 7.16 x 7.07 x 4.47 x 3.31 x
Yield - 8.31% 13.5% 15.5% - 12.7% 18.1% 21.7%
Capitalization / Revenue 2.5 x 1.98 x 1.63 x 1.34 x 2.65 x 2.72 x 1.99 x 1.66 x
EV / Revenue 2.07 x 1.46 x 1.57 x 1.34 x 2.47 x 2.22 x 1.63 x 1.66 x
EV / EBITDA 5.81 x 3.91 x 4.64 x 5.62 x - 5.26 x 3.61 x 3.2 x
EV / FCF 5.75 x 4.93 x 3.69 x 2.9 x 12 x 7.57 x 6.1 x 5.17 x
FCF Yield 17.4% 20.3% 27.1% 34.5% 8.34% 13.2% 16.4% 19.4%
Price to Book 3.38 x 2.59 x 2.17 x 2.77 x 2.95 x 3.47 x 2.85 x 2.6 x
Nbr of stocks (in thousands) 2,250,000 2,244,017 2,209,193 2,230,000 2,230,000 2,230,000 - -
Reference price 2 15.44 12.75 11.85 10.30 21.34 25.12 25.12 25.12
Announcement Date 7/31/19 9/28/20 10/17/21 9/29/22 9/6/23 - - -
1EGP in Million2EGP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 13,894 14,465 16,022 17,139 17,958 20,560 28,118 33,772
EBITDA 1 4,958 5,415 5,415 4,084 - 8,683 12,720 17,511
EBIT 1 4,426 4,872 4,849 3,579 7,432 7,636 11,915 17,557
Operating Margin 31.86% 33.68% 30.27% 20.88% 41.39% 37.14% 42.37% 51.99%
Earnings before Tax (EBT) 1 4,843 4,954 5,659 5,271 9,765 9,683 15,632 19,946
Net income 1 3,768 3,794 4,280 4,030 7,657 8,892 13,067 16,050
Net margin 27.12% 26.23% 26.71% 23.51% 42.64% 43.25% 46.47% 47.52%
EPS 2 1.540 1.600 1.750 1.610 2.980 3.555 5.615 7.580
Free Cash Flow 1 5,005 4,298 6,805 7,928 3,699 6,032 7,538 10,843
FCF margin 36.03% 29.71% 42.47% 46.25% 20.6% 29.34% 26.81% 32.11%
FCF Conversion (EBITDA) 100.95% 79.38% 125.69% 194.14% - 69.47% 59.26% 61.92%
FCF Conversion (Net income) 132.83% 113.27% 159% 196.72% 48.3% 67.84% 57.68% 67.56%
Dividend per Share 2 - 1.060 1.600 1.600 - 3.180 4.544 5.450
Announcement Date 7/31/19 9/28/20 10/17/21 9/29/22 9/6/23 - - -
1EGP in Million2EGP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1
Net sales 1 4,311 4,222 4,248 - 4,624
EBITDA 1,752 - - - -
EBIT - - - -574.3 -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income 1 1,598 1,323 1,331 - 1,405
Net margin 37.07% 31.33% 31.34% - 30.38%
EPS - - - - -
Dividend per Share - - - - -
Announcement Date 11/15/21 2/15/22 5/31/22 9/29/22 11/15/22
1EGP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 5,935 7,438 1,064 - 3,221 10,367 10,054 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 5,005 4,298 6,805 7,928 3,699 6,032 7,538 10,843
ROE (net income / shareholders' equity) 36.3% 40.2% 43.1% 38.9% 53.6% 38.8% 50.2% 53.2%
ROA (Net income/ Total Assets) 19.3% 18.2% 20.3% 16.6% 28.9% 30.1% 38.9% 40.1%
Assets 1 19,506 20,829 21,057 24,289 26,522 29,589 33,635 40,024
Book Value Per Share 2 4.570 4.930 5.470 3.720 7.230 7.240 8.800 9.660
Cash Flow per Share - - - - - - - -
Capex 1 837 302 108 149 109 300 469 575
Capex / Sales 6.03% 2.09% 0.68% 0.87% 0.61% 1.46% 1.67% 1.7%
Announcement Date 7/31/19 9/28/20 10/17/21 9/29/22 9/6/23 - - -
1EGP in Million2EGP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
25.12 EGP
Average target price
36.71 EGP
Spread / Average Target
+46.13%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials Eastern Company S.A.E