Financials Obour Land for Food Industries S.A.E.

Equities

OLFI

EGS30AL1C012

Food Processing

End-of-day quote Egyptian Exchange 06:00:00 2024-04-23 pm EDT 5-day change 1st Jan Change
10.56 EGP -4.17% Intraday chart for Obour Land for Food Industries S.A.E. -6.63% -1.31%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,240 2,268 2,344 3,112 4,280 4,224 - -
Enterprise Value (EV) 1 2,409 2,414 2,243 2,903 4,280 4,010 3,857 4,224
P/E ratio 8.62 x 8.34 x 7.61 x 7.7 x 10.4 x 5.99 x 5.18 x 4.89 x
Yield - 8.82% 11.1% - - 12.3% 13.1% 15.2%
Capitalization / Revenue 0.87 x 0.83 x 0.78 x 0.68 x 0.59 x 0.55 x 0.49 x 0.45 x
EV / Revenue 0.93 x 0.88 x 0.75 x 0.64 x 0.59 x 0.52 x 0.45 x 0.45 x
EV / EBITDA 5.84 x 5.11 x 4.39 x 3.93 x 2.42 x 2.88 x 2.9 x 3 x
EV / FCF 8 x 17 x 4.22 x 7.38 x - 8.41 x 5.97 x 4.92 x
FCF Yield 12.5% 5.89% 23.7% 13.6% - 11.9% 16.7% 20.3%
Price to Book 2.63 x 2.66 x 2.34 x 2.85 x 3.82 x 3.11 x 2.31 x 1.93 x
Nbr of stocks (in thousands) 400,000 400,000 400,000 400,000 400,000 400,000 - -
Reference price 2 5.600 5.670 5.860 7.780 10.70 10.56 10.56 10.56
Announcement Date 1/26/20 1/21/21 1/30/22 1/29/23 3/5/24 - - -
1EGP in Million2EGP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,588 2,739 3,007 4,560 7,202 7,744 8,535 9,338
EBITDA 1 412.8 472.4 510.7 738.2 1,767 1,392 1,330 1,406
EBIT 1 366.4 409.1 442 669.7 1,701 1,320 1,287 1,468
Operating Margin 14.16% 14.94% 14.7% 14.69% 23.62% 17.04% 15.08% 15.72%
Earnings before Tax (EBT) 1 382.4 401.8 454.7 600.4 644.1 1,009 1,174 1,357
Net income 1 295.3 310.4 350.7 462.4 470.7 757.6 873.6 930
Net margin 11.41% 11.33% 11.66% 10.14% 6.54% 9.78% 10.24% 9.96%
EPS 2 0.6500 0.6800 0.7700 1.010 1.030 1.762 2.038 2.160
Free Cash Flow 1 301.1 142.2 531 393.5 - 477 646 858
FCF margin 11.64% 5.19% 17.66% 8.63% - 6.16% 7.57% 9.19%
FCF Conversion (EBITDA) 72.95% 30.1% 103.97% 53.31% - 34.27% 48.56% 61.02%
FCF Conversion (Net income) 101.98% 45.82% 151.41% 85.11% - 62.96% 73.95% 92.26%
Dividend per Share 2 - 0.5000 0.6500 - - 1.300 1.388 1.610
Announcement Date 1/26/20 1/21/21 1/30/22 1/29/23 3/5/24 - - -
1EGP in Million2EGP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S2 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 S1 2022 Q3 2022 Q4 2022 S2
Net sales 1 - 1,303 820 883.7 923.8 - 1,343 1,420 -
EBITDA - - - - - - - - -
EBIT 219.6 - 138.8 113.7 - - - - 408.4
Operating Margin - - 16.92% 12.86% - - - - -
Earnings before Tax (EBT) - - - - - - - - -
Net income 1 - - 111.2 - 90.62 180.8 145.8 135.7 -
Net margin - - 13.56% - 9.81% - 10.86% 9.56% -
EPS - - - - - 0.3900 - - -
Dividend per Share - - - - - - - - -
Announcement Date 1/21/21 8/11/21 11/2/21 1/30/22 4/21/22 7/27/22 10/18/22 1/29/23 1/29/23
1EGP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 169 146 - - - - - -
Net Cash position 1 - - 101 209 - 214 367 -
Leverage (Debt/EBITDA) 0.4091 x 0.3092 x - - - - - -
Free Cash Flow 1 301 142 531 394 - 477 646 858
ROE (net income / shareholders' equity) 38.4% 34.8% 36.3% 44.2% 42.5% 54.7% 51.6% 50%
ROA (Net income/ Total Assets) 24.4% 23.3% 24.2% 22.5% 18.3% 25.3% 27% 28.5%
Assets 1 1,210 1,330 1,452 2,058 2,577 2,994 3,236 3,263
Book Value Per Share 2 2.130 2.130 2.500 2.730 2.800 3.400 4.560 5.460
Cash Flow per Share - - - - - - - -
Capex 1 226 87.3 55.1 19.9 60.1 97 115 121
Capex / Sales 8.72% 3.19% 1.83% 0.44% 0.83% 1.25% 1.35% 1.29%
Announcement Date 1/26/20 1/21/21 1/30/22 1/29/23 3/5/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
10.56 EGP
Average target price
13.84 EGP
Spread / Average Target
+31.11%
Consensus

Quarterly revenue - Rate of surprise

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