Financials United Co. for Housing & Development - S.A.E.

Equities

UNIT

EGS65061C011

Homebuilding

End-of-day quote Egyptian Exchange 06:00:00 2024-04-23 pm EDT 5-day change 1st Jan Change
5.23 EGP -3.86% Intraday chart for United Co. for Housing & Development - S.A.E. -8.25% -4.91%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 833.8 807.1 1,340 1,253 1,037 1,405
Enterprise Value (EV) 1 565.1 546.1 1,160 1,090 1,282 1,699
P/E ratio 7.95 x 6.11 x 14.5 x 15 x 11 x 12.6 x
Yield - - - - - -
Capitalization / Revenue 5.05 x 5.54 x 7.2 x 9.4 x 3.92 x 3.5 x
EV / Revenue 3.42 x 3.75 x 6.24 x 8.18 x 4.85 x 4.23 x
EV / EBITDA 5.43 x 5.33 x 11.4 x 15.4 x 10.9 x 7.3 x
EV / FCF 7.68 x 12.2 x -17.8 x 47.7 x -2.77 x 53 x
FCF Yield 13% 8.22% -5.63% 2.1% -36.2% 1.89%
Price to Book 1.82 x 1.4 x 2.03 x 1.74 x 1.36 x 1.8 x
Nbr of stocks (in thousands) 283,203 283,203 283,203 282,210 266,490 255,540
Reference price 2 2.944 2.850 4.730 4.440 3.890 5.500
Announcement Date 3/6/19 3/16/20 2/22/21 2/27/22 2/27/23 2/29/24
1EGP in Million2EGP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 165.1 145.8 186 133.3 264.2 401.9
EBITDA 1 104.1 102.4 101.3 70.69 117.7 232.8
EBIT 1 103.8 101.9 100.6 69.88 117.1 231.9
Operating Margin 62.88% 69.88% 54.08% 52.43% 44.3% 57.7%
Earnings before Tax (EBT) 1 134.9 167.2 132.8 100.9 125.4 143.1
Net income 1 104.9 132.2 105.8 80.93 98.2 111
Net margin 63.51% 90.64% 56.9% 60.72% 37.17% 27.63%
EPS 2 0.3703 0.4666 0.3254 0.2965 0.3541 0.4359
Free Cash Flow 1 73.55 44.89 -65.27 22.83 -463.6 32.06
FCF margin 44.55% 30.79% -35.1% 17.13% -175.46% 7.98%
FCF Conversion (EBITDA) 70.64% 43.82% - 32.3% - 13.77%
FCF Conversion (Net income) 70.14% 33.97% - 28.21% - 28.88%
Dividend per Share - - - - - -
Announcement Date 3/6/19 3/16/20 2/22/21 2/27/22 2/27/23 2/29/24
1EGP in Million2EGP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 246 293
Net Cash position 1 269 261 180 163 - -
Leverage (Debt/EBITDA) - - - - 2.087 x 1.261 x
Free Cash Flow 1 73.5 44.9 -65.3 22.8 -464 32.1
ROE (net income / shareholders' equity) 25.1% 25.6% 17.3% 12.2% 13.7% 14.9%
ROA (Net income/ Total Assets) 11.7% 9.28% 8.08% 5.4% 6.94% 10.1%
Assets 1 898.9 1,425 1,309 1,498 1,416 1,095
Book Value Per Share 2 1.620 2.040 2.340 2.550 2.850 3.050
Cash Flow per Share 2 0.5300 0.6100 0.3000 0.3000 0.4000 0.6500
Capex 1 1.46 0.7 0.7 0.11 1.22 3.02
Capex / Sales 0.89% 0.48% 0.38% 0.08% 0.46% 0.75%
Announcement Date 3/6/19 3/16/20 2/22/21 2/27/22 2/27/23 2/29/24
1EGP in Million2EGP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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