Financials Arab Real Estate Investment Co.

Equities

RREI

EGS65011C016

Real Estate Development & Operations

End-of-day quote Egyptian Exchange 18:00:00 2024-05-14 EDT 5-day change 1st Jan Change
0.847 EGP +1.68% Intraday chart for Arab Real Estate Investment Co. -8.83% -7.13%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 130.6 92.89 224.5 204.3 192.2 224.7
Enterprise Value (EV) 1 121.8 84.51 206.6 178.7 170.7 180.9
P/E ratio 19 x 18.1 x 32.8 x 30.6 x 30.6 x 17.2 x
Yield - - - - - -
Capitalization / Revenue 2.9 x 2.32 x 5.3 x 6.22 x 3.31 x 3.15 x
EV / Revenue 2.71 x 2.11 x 4.88 x 5.45 x 2.94 x 2.54 x
EV / EBITDA 19.9 x 11.7 x 37.9 x 332 x 21.2 x -19.1 x
EV / FCF - 31,672,588 x 29,759,956 x 108,139,695 x -31,613,432 x 60,095,784 x
FCF Yield - 0% 0% 0% -0% 0%
Price to Book 0.39 x 0.28 x 0.66 x 0.59 x 0.55 x 0.62 x
Nbr of stocks (in thousands) 246,400 246,400 246,400 246,400 246,400 246,400
Reference price 2 0.5300 0.3770 0.9110 0.8290 0.7800 0.9120
Announcement Date 3/22/20 3/22/20 3/31/21 3/15/23 3/15/23 4/1/24
1EGP in Million2EGP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 44.98 39.98 42.36 32.82 58.02 71.23
EBITDA 1 6.13 7.242 5.452 0.5386 8.045 -9.478
EBIT 1 5.707 6.864 5.111 0.227 7.746 -9.791
Operating Margin 12.69% 17.17% 12.06% 0.69% 13.35% -13.75%
Earnings before Tax (EBT) 1 8.19 6.532 7.95 6.794 8.368 14.61
Net income 1 6.866 5.128 6.846 6.684 6.29 13.09
Net margin 15.27% 12.83% 16.16% 20.37% 10.84% 18.38%
EPS 2 0.0279 0.0208 0.0278 0.0271 0.0255 0.0531
Free Cash Flow - 2.668 6.942 1.652 -5.398 3.01
FCF margin - 6.67% 16.39% 5.04% -9.3% 4.23%
FCF Conversion (EBITDA) - 36.84% 127.32% 306.76% - -
FCF Conversion (Net income) - 52.03% 101.4% 24.72% - 22.99%
Dividend per Share - - - - - -
Announcement Date 3/22/20 3/22/20 3/31/21 3/15/23 3/15/23 4/1/24
1EGP in Million2EGP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 8.81 8.39 17.9 25.6 21.5 43.9
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - 2.67 6.94 1.65 -5.4 3.01
ROE (net income / shareholders' equity) - 1.54% 2.04% 1.96% 1.81% 3.67%
ROA (Net income/ Total Assets) - 0.76% 0.59% 0.02% 0.78% -0.92%
Assets 1 - 675.3 1,168 27,283 811.1 -1,420
Book Value Per Share 2 1.350 1.350 1.370 1.400 1.420 1.480
Cash Flow per Share 2 0 0 0.0200 0.0300 0.0200 0.0400
Capex 1 0.01 0 0.01 0.03 0.07 0.04
Capex / Sales 0.03% 0.01% 0.02% 0.1% 0.11% 0.05%
Announcement Date 3/22/20 3/22/20 3/31/21 3/15/23 3/15/23 4/1/24
1EGP in Million2EGP
Estimates
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