Financials Raya Contact Center (S.A.E)

Equities

RACC

EGS74191C015

Business Support Services

End-of-day quote Egyptian Exchange 06:00:00 2024-05-01 pm EDT 5-day change 1st Jan Change
5.42 EGP +2.26% Intraday chart for Raya Contact Center (S.A.E) -5.41% -3.39%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,168 481.5 735 599.1 627.5 1,091
Enterprise Value (EV) 1 917.3 276.6 586.5 859.7 974.7 1,136
P/E ratio 7.6 x 4.87 x 21.9 x 30.8 x 15.1 x 7.57 x
Yield - - - - - -
Capitalization / Revenue 1.28 x 0.59 x 1 x 0.75 x 0.51 x 0.55 x
EV / Revenue 1.01 x 0.34 x 0.8 x 1.08 x 0.79 x 0.57 x
EV / EBITDA 4.22 x 1.82 x 5.16 x 9.44 x 7.48 x 3.14 x
EV / FCF 27.4 x 6.67 x 17.2 x 12.8 x 9.25 x 3.29 x
FCF Yield 3.65% 15% 5.8% 7.8% 10.8% 30.4%
Price to Book 2.61 x 1.12 x 1.44 x 1.56 x 1.54 x 1.92 x
Nbr of stocks (in thousands) 212,121 212,121 222,719 201,721 201,758 194,517
Reference price 2 5.505 2.270 3.300 2.970 3.110 5.610
Announcement Date 3/13/19 3/15/20 3/7/21 3/10/22 3/7/24 3/7/24
1EGP in Million2EGP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 910.7 816.6 733.8 797.6 1,228 1,989
EBITDA 1 217.4 152.2 113.7 91.1 130.2 361.6
EBIT 1 191.5 116.2 73.7 43.07 76.67 294.3
Operating Margin 21.03% 14.23% 10.04% 5.4% 6.24% 14.8%
Earnings before Tax (EBT) 1 220.7 140.4 46.39 32.52 65.02 252.5
Net income 1 179 113.2 35.64 22.91 46.4 168.2
Net margin 19.65% 13.86% 4.86% 2.87% 3.78% 8.46%
EPS 2 0.7240 0.4659 0.1505 0.0963 0.2060 0.7414
Free Cash Flow 1 33.47 41.49 34 67.09 105.4 345.1
FCF margin 3.67% 5.08% 4.63% 8.41% 8.59% 17.36%
FCF Conversion (EBITDA) 15.39% 27.25% 29.9% 73.65% 80.95% 95.45%
FCF Conversion (Net income) 18.7% 36.65% 95.42% 292.9% 227.22% 205.24%
Dividend per Share - - - - - -
Announcement Date 3/13/19 3/15/20 3/7/21 3/10/22 3/7/24 3/7/24
1EGP in Million2EGP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 261 347 44.5
Net Cash position 1 250 205 148 - - -
Leverage (Debt/EBITDA) - - - 2.86 x 2.667 x 0.1232 x
Free Cash Flow 1 33.5 41.5 34 67.1 105 345
ROE (net income / shareholders' equity) 44.9% 26% 8.87% 6.07% 10.7% 33.4%
ROA (Net income/ Total Assets) 20.4% 11.8% 7.8% 3.6% 4.43% 13.5%
Assets 1 877.3 961.5 457 635.7 1,047 1,243
Book Value Per Share 2 2.110 2.030 2.290 1.910 2.020 2.930
Cash Flow per Share 2 1.200 0.9900 1.270 0.4100 0.7800 2.010
Capex 1 64.7 80.1 74.9 36.7 23.7 76.9
Capex / Sales 7.11% 9.81% 10.21% 4.61% 1.93% 3.87%
Announcement Date 3/13/19 3/15/20 3/7/21 3/10/22 3/7/24 3/7/24
1EGP in Million2EGP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
5.42 EGP
Average target price
3.5 EGP
Spread / Average Target
-35.42%
Consensus
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