Financials Misr National Steel - Ataqa

Equities

ATQA

EGS3D0C1C018

Iron & Steel

End-of-day quote Egyptian Exchange 06:00:00 2024-04-23 pm EDT 5-day change 1st Jan Change
3.25 EGP +0.93% Intraday chart for Misr National Steel - Ataqa -8.71% +32.65%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,052 824.4 1,474 1,351 1,448 2,940
Enterprise Value (EV) 1 2,440 446.1 1,372 1,134 320.5 1,308
P/E ratio 11.7 x 65.6 x -326 x 13.5 x 6.17 x 4 x
Yield - - - - - -
Capitalization / Revenue 0.54 x 0.37 x 0.78 x 0.57 x 0.58 x 1.08 x
EV / Revenue 0.64 x 0.2 x 0.72 x 0.48 x 0.13 x 0.48 x
EV / EBITDA 14.4 x -15.6 x -89 x 7.9 x 1.37 x 5.11 x
EV / FCF -3.6 x 0.62 x -4.64 x 14.1 x 0.39 x -12.6 x
FCF Yield -27.8% 161% -21.5% 7.11% 254% -7.92%
Price to Book 2.81 x 1.12 x 2.02 x 1.63 x 1.39 x 1.67 x
Nbr of stocks (in thousands) 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000
Reference price 2 1.710 0.6870 1.228 1.126 1.207 2.450
Announcement Date 3/4/19 3/1/20 3/1/21 2/27/22 2/27/23 3/14/24
1EGP in Million2EGP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,815 2,235 1,894 2,367 2,485 2,721
EBITDA 1 169.4 -28.52 -15.41 143.6 234.3 256
EBIT 1 161.2 -36.31 -22.13 136.9 227.5 250.7
Operating Margin 4.23% -1.62% -1.17% 5.79% 9.16% 9.21%
Earnings before Tax (EBT) 1 223.5 14.04 11.75 133.5 249.5 840.5
Net income 1 174.9 13.9 -4.525 100.4 234.7 734.9
Net margin 4.59% 0.62% -0.24% 4.24% 9.45% 27.01%
EPS 2 0.1458 0.0105 -0.003770 0.0837 0.1956 0.6124
Free Cash Flow 1 -678.2 718.5 -295.4 80.64 814.4 -103.5
FCF margin -17.78% 32.15% -15.59% 3.41% 32.77% -3.8%
FCF Conversion (EBITDA) - - - 56.14% 347.67% -
FCF Conversion (Net income) - 5,170.5% - 80.28% 346.98% -
Dividend per Share - - - - - -
Announcement Date 3/4/19 3/1/20 3/1/21 2/27/22 2/27/23 3/14/24
1EGP in Million2EGP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 388 - - - - -
Net Cash position 1 - 378 102 217 1,128 1,632
Leverage (Debt/EBITDA) 2.287 x - - - - -
Free Cash Flow 1 -678 719 -295 80.6 814 -104
ROE (net income / shareholders' equity) 26.6% 1.9% -0.62% 12.9% 25% 52.4%
ROA (Net income/ Total Assets) 7.28% -1.39% -0.89% 6.01% 8.98% 7.35%
Assets 1 2,401 -996.8 508.7 1,672 2,613 10,003
Book Value Per Share 2 0.6100 0.6100 0.6100 0.6900 0.8700 1.470
Cash Flow per Share 2 0.0900 0.3200 0.0800 0.0600 0.0500 0.4600
Capex 1 10.5 7.68 2.65 13.5 5.32 0.79
Capex / Sales 0.28% 0.34% 0.14% 0.57% 0.21% 0.03%
Announcement Date 3/4/19 3/1/20 3/1/21 2/27/22 2/27/23 3/14/24
1EGP in Million2EGP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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