Financials Madinet Masr For Housing and Development

Equities

MASR

EGS65571C019

Real Estate Development & Operations

End-of-day quote Egyptian Exchange 06:00:00 2024-04-23 pm EDT 5-day change 1st Jan Change
3.44 EGP -5.75% Intraday chart for Madinet Masr For Housing and Development -9.95% -15.27%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,941 5,501 4,373 6,825 8,668 7,344 - -
Enterprise Value (EV) 1 7,184 7,478 4,373 6,825 8,668 7,344 7,344 7,344
P/E ratio 7.77 x 6.19 x - - - - - -
Yield - - - - - 4.36% 5.81% 8.72%
Capitalization / Revenue 3.15 x 1.77 x 1.96 x 1.28 x 1.13 x 0.64 x 0.64 x 0.57 x
EV / Revenue 3.15 x 1.77 x 1.96 x 1.28 x 1.13 x 0.64 x 0.64 x 0.57 x
EV / EBITDA 5.72 x 4.14 x - 7.06 x 2.78 x 2.03 x 1.67 x 1.46 x
EV / FCF 1,512 x -5.73 x - 6.73 x - 3.99 x 13.6 x 8.41 x
FCF Yield 0.07% -17.4% - 14.9% - 25.1% 7.35% 11.9%
Price to Book 1.64 x 1.24 x - 1.33 x - 0.77 x 0.6 x 0.48 x
Nbr of stocks (in thousands) 1,708,010 1,708,010 1,708,010 2,135,014 2,135,000 2,135,000 - -
Reference price 2 4.064 3.221 2.560 3.197 4.060 3.440 3.440 3.440
Announcement Date 2/10/20 2/28/21 3/8/22 3/12/23 2/26/24 - - -
1EGP in Million2EGP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,201 3,100 2,230 5,336 7,637 11,424 11,407 12,978
EBITDA 1 1,214 1,329 - 967.4 3,113 3,625 4,389 5,026
EBIT 1 1,197 1,250 - 943.8 2,793 3,608 4,371 5,007
Operating Margin 54.4% 40.32% - 17.69% 36.57% 31.58% 38.32% 38.58%
Earnings before Tax (EBT) 1,295 1,235 - - 2,749 - - -
Net income 980.9 1,001 - - 2,122 - - -
Net margin 44.57% 32.29% - - 27.79% - - -
EPS 0.5227 0.5202 - - - - - -
Free Cash Flow 1 4.59 -959.6 - 1,015 - 1,841 540 873
FCF margin 0.21% -30.95% - 19.02% - 16.12% 4.73% 6.73%
FCF Conversion (EBITDA) 0.38% - - 104.9% - 50.79% 12.3% 17.37%
FCF Conversion (Net income) 0.47% - - - - - - -
Dividend per Share 2 - - - - - 0.1500 0.2000 0.3000
Announcement Date 2/10/20 2/28/21 3/8/22 3/12/23 2/26/24 - - -
1EGP in Million2EGP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 243 1,978 - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 0.2 x 1.489 x - - - - - -
Free Cash Flow 1 4.59 -960 - 1,015 - 1,841 540 873
ROE (net income / shareholders' equity) 25.8% 23% 6.84% 16.9% 34.8% 25.8% 27.7% 27.4%
ROA (Net income/ Total Assets) 6.92% 5.55% - 5.55% 14% 12.1% 13.7% 14.4%
Assets 14,179 18,049 - - 15,155 - - -
Book Value Per Share 2 2.490 2.600 - 2.400 - 4.450 5.700 7.110
Cash Flow per Share - - - - - - - -
Capex 35.2 16.9 - - - - - -
Capex / Sales 1.6% 0.54% - - - - - -
Announcement Date 2/10/20 2/28/21 3/8/22 3/12/23 2/26/24 - - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
3.44 EGP
Average target price
5.753 EGP
Spread / Average Target
+67.25%
Consensus

Chiffre d''affaires - Rate of surprise

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