ALEXANDRIA CONTAINER&CARGO HANDLING COMPANY

Financials Alexandria Container&Cargo Handling Company

Equities

ALCN

EGS42111C012

Marine Port Services

End-of-day quote Egyptian Exchange Other stock markets 06:00:00 2024-04-23 pm EDT			5-day change	1st Jan Change
34.81 ^EGP	-4.76%		-13.02%	-31.53%

Feb. 12	Alexandria Container&Cargo Handling Company Reports Earnings Results for the Half Year Ended December 31, 2023	CI
2023	Alexandria Container&Cargo Handling Company Reports Earnings Results for the First Quarter Ended September 30, 2023	CI

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	18,667	11,918	11,754	11,218	33,996	51,858	-	-
Enterprise Value (EV) ¹	15,355	11,918	11,754	8,744	28,891	51,858	51,858	51,858
P/E ratio	10.2 x	7.98 x	8.33 x	5.53 x	7.74 x	10.2 x	7.08 x	7.16 x
Yield	7.62%	-	-	14.7%	10.9%	8.52%	12.2%	12.1%
Capitalization / Revenue	6.39 x	4.61 x	4.9 x	3.95 x	6.85 x	8.32 x	5.95 x	5.84 x
EV / Revenue	6.39 x	4.61 x	4.9 x	3.95 x	6.85 x	8.32 x	5.95 x	5.84 x
EV / EBITDA	9.96 x	8.03 x	7.91 x	-	9.02 x	11.2 x	7.72 x	7.63 x
EV / FCF	9.57 x	11.3 x	10.6 x	8.84 x	8.8 x	12.3 x	7.95 x	8.16 x
FCF Yield	10.5%	8.86%	9.47%	11.3%	11.4%	8.13%	12.6%	12.3%
Price to Book	4.11 x	2.72 x	2.57 x	2.13 x	4.45 x	5.73 x	4.49 x	4.46 x
Nbr of stocks (in thousands)	1,489,753	1,489,753	1,489,753	1,489,753	1,489,753	1,489,753	-	-
Reference price ²	12.53	8.000	7.890	7.530	22.82	34.81	34.81	34.81
Announcement Date	10/8/19	9/29/20	9/20/21	10/31/22	10/4/23	-	-	-

¹EGP in Million²EGP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,920	2,584	2,397	2,842	4,961	6,232	8,718	8,875
EBITDA ¹	1,875	1,484	1,486	-	3,771	4,635	6,717	6,801
EBIT ¹	1,729	1,364	-	1,857	3,546	4,677	7,176	6,881
Operating Margin	59.23%	52.79%	-	65.35%	71.48%	75.04%	82.32%	77.54%
Earnings before Tax (EBT) ¹	1,838	1,494	-	-	4,397	5,692	8,623	8,058
Net income ¹	1,830	1,493	1,410	2,028	4,388	5,264	7,573	7,495
Net margin	62.67%	57.79%	58.83%	71.37%	88.45%	84.47%	86.87%	84.45%
EPS ²	1.231	1.002	0.9467	1.361	2.950	3.397	4.920	4.863
Free Cash Flow ¹	1,951	1,056	1,114	1,269	3,862	4,214	6,522	6,353
FCF margin	66.82%	40.86%	46.45%	44.64%	77.86%	67.62%	74.81%	71.59%
FCF Conversion (EBITDA)	104.08%	71.14%	74.93%	-	102.43%	90.92%	97.1%	93.41%
FCF Conversion (Net income)	106.63%	70.69%	78.96%	62.55%	88.02%	80.05%	86.12%	84.77%
Dividend per Share ²	0.9550	-	-	1.110	2.490	2.967	4.253	4.217
Announcement Date	10/8/19	9/29/20	9/20/21	10/31/22	10/4/23	-	-	-

¹EGP in Million²EGP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2022 Q1	2022 Q2	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q2
Net sales ¹	537.7	581.5	-	1,140	-	1,563	1,428
EBITDA	327	366.6	-	865.7	-	1,160	-
EBIT	-	331.4	-	830.5	-	629.2	-
Operating Margin	-	57%	-	72.85%	-	40.26%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income ¹	336.3	381.4	669.2	1,131	1,393	1,195	1,214
Net margin	62.55%	65.6%	-	99.19%	-	76.48%	85.03%
EPS	-	-	0.4492	-	0.9349	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	11/7/21	2/6/22	11/9/22	2/1/23	5/28/23	10/4/23	2/12/24

¹EGP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	3,311	-	-	2,474	5,106	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	1,951	1,056	1,114	1,269	3,862	4,214	6,522	6,353
ROE (net income / shareholders' equity)	49.9%	33.5%	31.5%	41.2%	68.6%	64.8%	76.8%	69.4%
ROA (Net income/ Total Assets)	32.7%	29.8%	-	38.5%	63.5%	60.3%	72.3%	65.3%
Assets ¹	5,589	5,014	-	5,275	6,908	8,730	10,475	11,477
Book Value Per Share ²	3.050	2.950	3.070	3.540	5.120	6.080	7.760	7.810
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	357	211	353	73.1	40.4	283	437	369
Capex / Sales	12.23%	8.15%	14.72%	2.57%	0.81%	4.53%	5.01%	4.16%
Announcement Date	10/8/19	9/29/20	9/20/21	10/31/22	10/4/23	-	-	-

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

Ratings for Alexandria Container&Cargo Handling Company

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

34.81 EGP

Average target price

44.21 EGP

Spread / Average Target

+26.99%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Marine Port Services

	1st Jan change	Capi.
ALEXANDRIA CONTAINER&CARGO HANDLING COMPANY	-31.53%	1.08B
ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED	+29.31%	34.31B
SHANGHAI INTERNATIONAL PORT (GROUP) CO., LTD.	+14.90%	18.09B
ABU DHABI PORTS COMPANY	-14.11%	7.59B
MISC	+8.23%	7.39B
QINGDAO PORT INTERNATIONAL CO., LTD.	+21.75%	6.85B
JSW INFRASTRUCTURE LIMITED	+21.22%	6.19B
CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED	-2.63%	5.56B
LIAONING PORT CO., LTD.	0.00%	4.12B
QUBE HOLDINGS LIMITED	+0.31%	3.74B

Other Marine Port Services