TALAAT MOUSTAFA GROUP HOLDING Financials Talaat Moustafa Group Holding
Equities
TMGH
EGS691S1C011
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 56.49 EGP | -3.44% |
|
-13.16% | +133.91% |
| Apr. 17 | Most Gulf markets end lower on US rate cut worries | RE |
| Apr. 16 | Most Gulf markets in red on US rate cut concerns, geopolitical tensions | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 16,859 | 13,558 | 18,717 | 20,615 | 49,835 | 116,571 | - | - |
| Enterprise Value (EV) 1 | 17,311 | 17,537 | 24,583 | 20,615 | 49,835 | 107,506 | 116,571 | 116,571 |
| P/E ratio | 9 x | 8.11 x | 10.7 x | 9.89 x | 16.5 x | 15.4 x | 18.5 x | 15.8 x |
| Yield | 1.08% | 2.21% | 1.92% | - | - | 0.53% | 0.53% | 0.53% |
| Capitalization / Revenue | 1.44 x | 0.96 x | 1.22 x | 1.04 x | 1.75 x | 2.43 x | 3.05 x | 2.66 x |
| EV / Revenue | 1.47 x | 1.24 x | 1.6 x | 1.04 x | 1.75 x | 2.24 x | 3.05 x | 2.66 x |
| EV / EBITDA | 4.79 x | 5.75 x | 6.65 x | 3.96 x | 6.58 x | 6.59 x | 8.39 x | 5.62 x |
| EV / FCF | 23.1 x | -12.5 x | -26.2 x | 8.96 x | 11.2 x | 8.14 x | 12.5 x | 7.5 x |
| FCF Yield | 4.33% | -7.99% | -3.81% | 11.2% | 8.92% | 12.3% | 7.97% | 13.3% |
| Price to Book | 0.54 x | 0.42 x | 0.55 x | 0.57 x | 1.3 x | 3.25 x | 2.44 x | 2.06 x |
| Nbr of stocks (in thousands) | 2,063,562 | 2,063,562 | 2,063,562 | 2,063,562 | 2,063,562 | 2,063,562 | - | - |
| Reference price 2 | 8.170 | 6.570 | 9.070 | 9.990 | 24.15 | 56.49 | 56.49 | 56.49 |
| Announcement Date | 2/27/20 | 3/4/21 | 3/8/22 | 2/21/23 | 3/1/24 | - | - | - |
1EGP in Million2EGP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,744 | 14,098 | 15,348 | 19,870 | 28,431 | 47,994 | 38,183 | 43,757 |
| EBITDA 1 | 3,615 | 3,049 | 3,696 | 5,209 | 7,569 | 16,325 | 13,893 | 20,756 |
| EBIT 1 | 3,353 | 2,746 | 3,379 | 4,866 | 7,077 | 15,816 | 13,279 | 20,197 |
| Operating Margin | 28.56% | 19.48% | 22.02% | 24.49% | 24.89% | 32.95% | 34.78% | 46.16% |
| Earnings before Tax (EBT) 1 | 2,710 | 2,608 | 2,832 | 3,373 | 5,022 | 12,933 | 11,334 | 17,342 |
| Net income 1 | 1,872 | 1,672 | 1,762 | 2,305 | 3,313 | 7,569 | 6,292 | 7,365 |
| Net margin | 15.94% | 11.86% | 11.48% | 11.6% | 11.65% | 15.77% | 16.48% | 16.83% |
| EPS 2 | 0.9073 | 0.8102 | 0.8500 | 1.010 | 1.460 | 3.670 | 3.047 | 3.570 |
| Free Cash Flow 1 | 749 | -1,401 | -937.5 | 2,302 | 4,446 | 13,203 | 9,296 | 15,537 |
| FCF margin | 6.38% | -9.94% | -6.11% | 11.58% | 15.64% | 27.51% | 24.35% | 35.51% |
| FCF Conversion (EBITDA) | 20.72% | - | - | 44.19% | 58.74% | 80.88% | 66.91% | 74.86% |
| FCF Conversion (Net income) | 40.01% | - | - | 99.89% | 134.17% | 174.44% | 147.74% | 210.96% |
| Dividend per Share 2 | 0.0880 | 0.1450 | 0.1745 | - | - | 0.3000 | 0.3000 | 0.3000 |
| Announcement Date | 2/27/20 | 3/4/21 | 3/8/22 | 2/21/23 | 3/1/24 | - | - | - |
1EGP in Million2EGP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,821 | 4,035 | 3,024 | 4,438 | 6,270 | 6,122 |
| EBITDA | - | - | - | - | - | - |
| EBIT | 1,383 | 724.4 | - | - | - | - |
| Operating Margin | 23.76% | 17.95% | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income 1 | 846.8 | 62.87 | 565.7 | - | 812.7 | 1,124 |
| Net margin | 14.55% | 1.56% | 18.7% | - | 12.96% | 18.36% |
| EPS 2 | - | - | - | - | - | 0.5000 |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 11/15/21 | 3/8/22 | 5/25/22 | 6/27/23 | 8/13/23 | 11/15/23 |
1EGP in Million2EGP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 452 | 3,979 | 5,866 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 9,065 | - | - |
| Leverage (Debt/EBITDA) | 0.1251 x | 1.305 x | 1.587 x | - | - | - | - | - |
| Free Cash Flow 1 | 749 | -1,401 | -938 | 2,302 | 4,446 | 13,203 | 9,296 | 15,537 |
| ROE (net income / shareholders' equity) | 6.18% | 5.25% | 5.3% | 6.6% | 8.93% | 18.8% | 14.5% | 13.9% |
| ROA (Net income/ Total Assets) | 1.87% | 1.51% | 1.37% | 1.53% | 1.81% | 2.4% | 3.37% | 2.28% |
| Assets 1 | 100,077 | 110,874 | 128,307 | 150,718 | 182,704 | 315,375 | 186,715 | 323,026 |
| Book Value Per Share 2 | 15.10 | 15.80 | 16.40 | 17.40 | 18.60 | 17.40 | 23.20 | 27.40 |
| Cash Flow per Share 2 | - | - | - | 2.660 | 3.700 | 8.050 | 8.790 | 10.20 |
| Capex 1 | 1,244 | 2,380 | 3,054 | 3,189 | 3,190 | 697 | 697 | - |
| Capex / Sales | 10.6% | 16.88% | 19.9% | 16.05% | 11.22% | 1.45% | 1.83% | - |
| Announcement Date | 2/27/20 | 3/4/21 | 3/8/22 | 2/21/23 | 3/1/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
56.49
EGP
Average target price
67.92
EGP
Spread / Average Target
+20.23%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +133.91% | 2.43B | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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