Financials El Sewedy Electric Company

Equities

SWDY

EGS3G0Z1C014

Electrical Components & Equipment

End-of-day quote Egyptian Exchange 06:00:00 2024-04-27 pm EDT 5-day change 1st Jan Change
32.03 EGP +1.20% Intraday chart for El Sewedy Electric Company -9.26% +10.45%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Capitalization 1 25,118 21,281 21,325 25,728 68,524 - -
Enterprise Value (EV) 1 24,349 20,718 27,441 40,850 86,304 81,493 68,779
P/E ratio 6.25 x 7.01 x 7.07 x 5.26 x 7.15 x 7.33 x 6.6 x
Yield 6.96% 4.08% 4.07% 3.33% 2.64% 3.59% 3.9%
Capitalization / Revenue 0.54 x 0.46 x 0.35 x 0.28 x 0.4 x 0.37 x 0.35 x
EV / Revenue 0.52 x 0.45 x 0.45 x 0.44 x 0.5 x 0.44 x 0.35 x
EV / EBITDA 3.78 x 3.9 x 4.38 x 4.58 x 3.95 x 3.81 x 3.1 x
EV / FCF 9.97 x 15.8 x 272 x -5.37 x 6.65 x 13.4 x 9.29 x
FCF Yield 10% 6.34% 0.37% -18.6% 15% 7.47% 10.8%
Price to Book 1.5 x 1.2 x 1.12 x 0.99 x 1.61 x 1.4 x 1.22 x
Nbr of stocks (in thousands) 2,184,180 2,169,288 2,169,356 2,143,979 2,139,356 - -
Reference price 2 11.50 9.810 9.830 12.00 32.03 32.03 32.03
Announcement Date 2/20/20 2/24/21 2/9/22 3/1/23 - - -
1EGP in Million2EGP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 46,629 46,402 60,541 92,168 - 172,492 183,539 197,860
EBITDA 1 6,434 5,309 6,267 8,918 - 21,862 21,404 22,153
EBIT 1 5,603 4,333 5,137 7,433 17,739 18,866 18,484 19,533
Operating Margin 12.02% 9.34% 8.49% 8.06% - 10.94% 10.07% 9.87%
Earnings before Tax (EBT) 1 5,495 4,266 4,833 8,072 - 13,503 13,913 16,778
Net income 1 4,022 3,028 3,534 5,418 - 9,682 9,427 10,823
Net margin 8.63% 6.52% 5.84% 5.88% - 5.61% 5.14% 5.47%
EPS 2 1.840 1.400 1.390 2.280 - 4.480 4.372 4.855
Free Cash Flow 1 2,441 1,313 101 -7,610 - 12,986 6,088 7,406
FCF margin 5.24% 2.83% 0.17% -8.26% - 7.53% 3.32% 3.74%
FCF Conversion (EBITDA) 37.94% 24.73% 1.61% - - 59.4% 28.44% 33.43%
FCF Conversion (Net income) 60.7% 43.38% 2.86% - - 134.12% 64.58% 68.43%
Dividend per Share 2 0.8000 0.4000 0.4000 0.4000 - 0.8443 1.149 1.248
Announcement Date 2/20/20 2/24/21 2/9/22 3/1/23 - - - -
1EGP in Million2EGP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3
Net sales 1 14,874 19,655 18,573 - 23,608 29,595 33,336 36,302 39,166
EBITDA 1,312 2,027 1,547 - 2,346 2,935 1,746 4,373 -
EBIT - - - - - - - - -
Operating Margin - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - -
Net income 1 703.9 1,240 - 1,887 - 2,326 2,905 2,660 2,506
Net margin 4.73% 6.31% - - - 7.86% 8.71% 7.33% 6.4%
EPS 2 - - - 0.7800 - - - - 1.050
Dividend per Share - - - - - - - - -
Announcement Date 11/15/21 2/9/22 5/24/22 8/22/22 11/14/22 3/1/23 5/31/23 8/24/23 11/8/23
1EGP in Million2EGP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Net Debt 1 - - 6,116 15,122 17,781 12,970 255
Net Cash position 1 769 563 - - - - -
Leverage (Debt/EBITDA) - - 0.9759 x 1.696 x 0.8133 x 0.6059 x 0.0115 x
Free Cash Flow 1 2,441 1,313 101 -7,610 12,986 6,088 7,406
ROE (net income / shareholders' equity) 24.9% 17.9% 19.6% 23.9% 23% 19.4% 18.4%
ROA (Net income/ Total Assets) 8.08% 5.59% 5.76% 5.94% 5.86% 5.16% 5.69%
Assets 1 49,783 54,166 61,313 91,217 165,289 182,782 190,094
Book Value Per Share 2 7.660 8.190 8.810 12.10 19.90 22.90 26.20
Cash Flow per Share 2.460 1.310 1.420 -1.650 - - -
Capex 1 2,929 1,533 2,976 4,078 4,163 4,177 4,587
Capex / Sales 6.28% 3.3% 4.92% 4.42% 2.41% 2.28% 2.32%
Announcement Date 2/20/20 2/24/21 2/9/22 3/1/23 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
32.03 EGP
Average target price
32.07 EGP
Spread / Average Target
+0.12%
Consensus

Quarterly revenue - Rate of surprise

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