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Export Development Bank of Egypt (S.A.E.)

CASE:EXPA
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EXPA
CASE
EGP2B
Market Cap
  1. Home
  2. EG
  3. Diversified Financials
Company description

Export Development Bank of Egypt (S.A.E.) provides various corporate banking products and services, and loan syndication products to small and medium-size enterprises, individuals, exporters, and financial institutions in Egypt. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Export Development Bank of Egypt (S.A.E.) has significant price volatility in the past 3 months.
EXPA Share Price and Events
7 Day Returns
-3.2%
CASE:EXPA
-4.7%
EG Diversified Financial
-2.5%
EG Market
1 Year Returns
-17.3%
CASE:EXPA
-37.1%
EG Diversified Financial
-35.3%
EG Market
EXPA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Export Development Bank of Egypt (S.A.E.) (EXPA) -3.2% -13.5% 1.9% -17.3% -14.9% -12.7%
EG Diversified Financial -4.7% -22.9% -21.9% -37.1% -18.6% -33.9%
EG Market -2.5% -18.8% -22.6% -35.3% -26.4% -2%
1 Year Return vs Industry and Market
  • EXPA outperformed the Diversified Financial industry which returned -37.1% over the past year.
  • EXPA outperformed the Market in Egypt which returned -35.3% over the past year.
Price Volatility
EXPA
Industry
5yr Volatility vs Market

EXPA Value

 Is Export Development Bank of Egypt (S.A.E.) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Export Development Bank of Egypt (S.A.E.) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Export Development Bank of Egypt (S.A.E.).

CASE:EXPA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= EGP16.45 * 17.3%
EGP2.84
Book Value of Equity per Share Median Book Value from the past 5 years. EGP16.45
Discount Rate (Cost of Equity) See below 20.5%
Perpetual Growth Rate 10-Year EG Government Bond Rate 8.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for CASE:EXPA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year EG Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 13.7%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.711 (1 + (1- 23%) (78.6%))
0.866
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (0.866 * 13.68%)
20.45%

Discounted Cash Flow Calculation for CASE:EXPA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Export Development Bank of Egypt (S.A.E.) is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

CASE:EXPA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (17.3% – 20.45%) * EGP16.45)
EGP-0.52
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= EGP-0.52 / (20.45% - 8.6%)
EGP-4.39
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= EGP16.45 + EGP-4.39
EGP12.05
CASE:EXPA Discount to Share Price
Calculation Result
Value per share (EGP) From above. EGP12.05
Current discount Discount to share price of EGP7.35
= -1 x (EGP7.35 - EGP12.05) / EGP12.05
39%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Export Development Bank of Egypt (S.A.E.) is available for.
Intrinsic value
39%
Share price is EGP7.35 vs Future cash flow value of EGP12.05
Current Discount Checks
For Export Development Bank of Egypt (S.A.E.) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Export Development Bank of Egypt (S.A.E.)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Export Development Bank of Egypt (S.A.E.)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Export Development Bank of Egypt (S.A.E.)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Export Development Bank of Egypt (S.A.E.)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CASE:EXPA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EGP EGP4.11
CASE:EXPA Share Price ** CASE (2020-04-05) in EGP EGP7.35
Africa Diversified Financial Industry PE Ratio Median Figure of 26 Publicly-Listed Diversified Financial Companies 7.42x
Egypt Market PE Ratio Median Figure of 147 Publicly-Listed Companies 6.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Export Development Bank of Egypt (S.A.E.).

CASE:EXPA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CASE:EXPA Share Price ÷ EPS (both in EGP)

= 7.35 ÷ 4.11

1.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Export Development Bank of Egypt (S.A.E.) is good value based on earnings compared to the Africa Diversified Financial industry average.
  • Export Development Bank of Egypt (S.A.E.) is good value based on earnings compared to the Egypt market.
Price based on expected Growth
Does Export Development Bank of Egypt (S.A.E.)'s expected growth come at a high price?
Raw Data
CASE:EXPA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
7.1%per year
Africa Diversified Financial Industry PEG Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 0.46x
Egypt Market PEG Ratio Median Figure of 45 Publicly-Listed Companies 0.43x

*Line of best fit is calculated by linear regression .

CASE:EXPA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 1.79x ÷ 7.1%

0.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Export Development Bank of Egypt (S.A.E.) is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Export Development Bank of Egypt (S.A.E.)'s assets?
Raw Data
CASE:EXPA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EGP EGP19.02
CASE:EXPA Share Price * CASE (2020-04-05) in EGP EGP7.35
Egypt Diversified Financial Industry PB Ratio Median Figure of 5 Publicly-Listed Diversified Financial Companies 0.73x
Egypt Market PB Ratio Median Figure of 187 Publicly-Listed Companies 0.81x
CASE:EXPA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CASE:EXPA Share Price ÷ Book Value per Share (both in EGP)

= 7.35 ÷ 19.02

0.39x

* Primary Listing of Export Development Bank of Egypt (S.A.E.).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Export Development Bank of Egypt (S.A.E.) is good value based on assets compared to the EG Diversified Financial industry average.
X
Value checks
We assess Export Development Bank of Egypt (S.A.E.)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. Export Development Bank of Egypt (S.A.E.) has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EXPA Future Performance

 How is Export Development Bank of Egypt (S.A.E.) expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Export Development Bank of Egypt (S.A.E.) expected to grow at an attractive rate?
  • Export Development Bank of Egypt (S.A.E.)'s earnings growth is positive but not above the low risk savings rate of 8.6%.
Growth vs Market Checks
  • Export Development Bank of Egypt (S.A.E.)'s earnings growth is positive but not above the Egypt market average.
  • Export Development Bank of Egypt (S.A.E.)'s revenue growth is positive but not above the Egypt market average.
Annual Growth Rates Comparison
Raw Data
CASE:EXPA Future Growth Rates Data Sources
Data Point Source Value (per year)
CASE:EXPA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 7.1%
CASE:EXPA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.6%
Africa Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Africa Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
Egypt Market Earnings Growth Rate Market Cap Weighted Average 18.9%
Egypt Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CASE:EXPA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EGP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CASE:EXPA Future Estimates Data
Date (Data in EGP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30
2021-06-30 2,629 1,281 1
2020-06-30 2,533 1,312 1
2020-04-06
CASE:EXPA Past Financials Data
Date (Data in EGP Millions) Revenue Cash Flow Net Income *
2019-12-31 2,405 -7,115 1,120
2019-09-30 2,303 -5,422 1,073
2019-06-30 2,165 -3,623 1,098
2019-03-31 2,109 -4,402 1,089
2018-12-31 1,948 -3,381 953
2018-09-30 1,812 -9,000 867
2018-06-30 1,595 -11,615 766
2018-03-31 1,444 -10,890 697
2017-12-31 1,333 -9,686 671
2017-09-30 1,255 -9,592 604
2017-06-30 1,165 -6,113 526
2017-03-31 1,044 1,332 421

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Export Development Bank of Egypt (S.A.E.)'s earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • Export Development Bank of Egypt (S.A.E.)'s revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CASE:EXPA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Export Development Bank of Egypt (S.A.E.) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CASE:EXPA Future Estimates Data
Date (Data in EGP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30
2021-06-30 4.70 4.70 4.70 1.00
2020-06-30 4.80 4.80 4.80 1.00
2020-04-06
CASE:EXPA Past Financials Data
Date (Data in EGP Millions) EPS *
2019-12-31 4.11
2019-09-30
2019-06-30
2019-03-31 3.99
2018-12-31 3.14
2018-09-30 3.18
2018-06-30 2.81
2018-03-31 4.03
2017-12-31 3.88
2017-09-30 3.49
2017-06-30 3.04
2017-03-31 2.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Export Development Bank of Egypt (S.A.E.) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Export Development Bank of Egypt (S.A.E.)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Africa market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Africa market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Export Development Bank of Egypt (S.A.E.) has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EXPA Past Performance

  How has Export Development Bank of Egypt (S.A.E.) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Export Development Bank of Egypt (S.A.E.)'s growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Export Development Bank of Egypt (S.A.E.) has delivered over 20% year on year earnings growth in the past 5 years.
  • Export Development Bank of Egypt (S.A.E.)'s 1-year earnings growth is less than its 5-year average (17.5% vs 28.3%)
  • Export Development Bank of Egypt (S.A.E.)'s earnings growth has exceeded the Africa Diversified Financial industry average in the past year (17.5% vs 0.8%).
Earnings and Revenue History
Export Development Bank of Egypt (S.A.E.)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Export Development Bank of Egypt (S.A.E.) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CASE:EXPA Past Revenue, Cash Flow and Net Income Data
Date (Data in EGP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,405.02 1,120.10 823.19
2019-09-30 2,302.61 1,072.94 771.79
2019-06-30 2,164.64 1,097.70 698.00
2019-03-31 2,108.97 1,088.73 629.80
2018-12-31 1,947.51 953.02 591.45
2018-09-30 1,812.45 866.87 562.72
2018-06-30 1,595.38 766.10 474.04
2018-03-31 1,443.55 697.05 449.66
2017-12-31 1,333.21 671.30 421.16
2017-09-30 1,254.64 603.69 391.17
2017-06-30 1,165.03 525.99 368.54
2017-03-31 1,044.46 420.73 322.15
2016-12-31 941.63 327.92 300.85
2016-09-30 873.60 344.22 302.48
2016-06-30 866.79 344.37 305.25
2016-03-31 937.22 390.83 325.38
2015-12-31 954.12 434.73 336.95
2015-09-30 909.37 390.79 303.96
2015-06-30 880.34 377.96 306.75
2015-03-31 831.01 326.57 314.02
2014-12-31 838.63 353.88 296.06
2014-09-30 810.77 336.20 311.81
2014-06-30 751.81 298.19 292.37
2014-03-31 701.53 261.56 276.83
2013-12-31 678.05 234.49 264.22
2013-09-30 630.56 191.32 261.76
2013-06-30 615.34 170.21 255.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Export Development Bank of Egypt (S.A.E.) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Export Development Bank of Egypt (S.A.E.) used its assets less efficiently than the Africa Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if Export Development Bank of Egypt (S.A.E.) improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Export Development Bank of Egypt (S.A.E.)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Export Development Bank of Egypt (S.A.E.) has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EXPA Health

 How is Export Development Bank of Egypt (S.A.E.)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Export Development Bank of Egypt (S.A.E.)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Export Development Bank of Egypt (S.A.E.)'s short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Export Development Bank of Egypt (S.A.E.)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Export Development Bank of Egypt (S.A.E.)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 7.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Export Development Bank of Egypt (S.A.E.) Company Filings, last reported 3 months ago.

CASE:EXPA Past Debt and Equity Data
Date (Data in EGP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,316.38 1,576.05 8,017.01
2019-09-30 5,035.10 1,556.20 6,417.12
2019-06-30 5,366.30 1,677.37 6,562.93
2019-03-31 5,125.79 1,715.72 6,231.76
2018-12-31 4,896.98 1,833.96 7,143.64
2018-09-30 4,847.27 1,869.11 15,150.10
2018-06-30 4,571.95 1,948.55 4,755.13
2018-03-31 3,367.16 1,809.47 5,065.36
2017-12-31 3,107.53 1,801.16 6,452.81
2017-09-30 2,876.57 1,331.51 6,340.23
2017-06-30 2,778.63 946.81 5,887.48
2017-03-31 2,628.73 625.21 5,818.97
2016-12-31 2,499.19 1,577.60 5,833.65
2016-09-30 2,417.65 873.85 4,383.86
2016-06-30 2,342.84 841.60 5,694.90
2016-03-31 2,318.62 777.52 2,635.08
2015-12-31 2,251.61 795.74 3,746.76
2015-09-30 2,307.56 834.37 2,406.51
2015-06-30 2,217.02 736.09 1,470.55
2015-03-31 2,162.93 867.97 1,938.45
2014-12-31 2,012.77 518.52 1,459.87
2014-09-30 2,054.91 499.97 1,549.28
2014-06-30 2,027.97 466.30 1,441.16
2014-03-31 1,986.22 632.32 1,105.08
2013-12-31 1,904.71 503.75 1,676.43
2013-09-30 2,357.20 482.17 2,303.22
2013-06-30 1,710.48 478.23 915.44
  • Export Development Bank of Egypt (S.A.E.)'s level of debt (29.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.9% vs 29.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Export Development Bank of Egypt (S.A.E.)'s debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Export Development Bank of Egypt (S.A.E.)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Export Development Bank of Egypt (S.A.E.) has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EXPA Dividends

 What is Export Development Bank of Egypt (S.A.E.)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Export Development Bank of Egypt (S.A.E.) dividends. Estimated to be 10.32% next year.
If you bought EGP2,000 of Export Development Bank of Egypt (S.A.E.) shares you are expected to receive EGP0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Export Development Bank of Egypt (S.A.E.)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Export Development Bank of Egypt (S.A.E.)'s dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CASE:EXPA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Africa Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 5.9%
Egypt Market Average Dividend Yield Market Cap Weighted Average of 59 Stocks 7.2%
Egypt Minimum Threshold Dividend Yield 10th Percentile 3.4%
Egypt Bottom 25% Dividend Yield 25th Percentile 5.5%
Egypt Top 25% Dividend Yield 75th Percentile 15.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

CASE:EXPA Future Dividends Estimate Data
Date (Data in EGP) Dividend per Share (annual) Avg. No. Analysts
2024-06-30 0.94 1.00
2023-06-30 0.83 1.00
2022-06-30 0.72 1.00
2021-06-30 0.75 2.00
2020-06-30 0.66 2.00
2020-04-06

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Export Development Bank of Egypt (S.A.E.) has not reported any payouts.
  • Unable to verify if Export Development Bank of Egypt (S.A.E.)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Export Development Bank of Egypt (S.A.E.)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Export Development Bank of Egypt (S.A.E.) has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.6x coverage).
X
Income/ dividend checks
We assess Export Development Bank of Egypt (S.A.E.)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 3.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Export Development Bank of Egypt (S.A.E.) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Export Development Bank of Egypt (S.A.E.) has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EXPA Management

 What is the CEO of Export Development Bank of Egypt (S.A.E.)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Export Development Bank of Egypt (S.A.E.) has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Export Development Bank of Egypt (S.A.E.) management team in years:

1.3
Average Tenure
  • The average tenure for the Export Development Bank of Egypt (S.A.E.) management team is less than 2 years, this suggests a new team.
Management Team

Mervat El Sayed Soltan

TITLE
Executive Chairperson

Mohamed Fatouh Abdelfattah

TITLE
Financial Control Director

Mohamed Ibrahim El-Hadidy

TITLE
Group Head of Operations & Administration Group and Director

Yasser Osama

TITLE
Investment Executive Manager

Ismail Amin

TITLE
Chief Information Officer
TENURE
1.3 yrs

Gamal Ibrahim

TITLE
Legal Affairs Director

Mohamed Anis El Sayed Mahmoud

TITLE
Governance
TENURE
1.3 yrs

Gheith Gheith

TITLE
Corporate Communication Director

Ahmed Abd Ellatif

TITLE
Retail Banking & Marketing Director

Shaimaa Sadek Abdel Semary

TITLE
Human Resources Executive Manager
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure of the Export Development Bank of Egypt (S.A.E.) board of directors in years:

1.3
Average Tenure
  • The average tenure for the Export Development Bank of Egypt (S.A.E.) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ahmed Galal Abdallah

TITLE
Vice Chairman
TENURE
2.7 yrs

Mervat El Sayed Soltan

TITLE
Executive Chairperson
TENURE
3.4 yrs

Mohamed Ibrahim El-Hadidy

TITLE
Group Head of Operations & Administration Group and Director
TENURE
1.3 yrs

Mohamed Mohamed Abul-Seoud

TITLE
Consolidated Risk Group Head & Director
TENURE
1.3 yrs

Ahmed Abdel-Ghany Ismaeel

TITLE
Director

Abdel Aziz Al Sayed Hassouba

TITLE
Director

Hamed Hassouna Haseeb

TITLE
Director
TENURE
2.3 yrs

Aliaa Abdel Aziz Soliman

TITLE
Director
TENURE
0.8 yrs

Ahmed Fouad Taher

TITLE
Independent Director
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (EGP) Value (EGP)
X
Management checks
We assess Export Development Bank of Egypt (S.A.E.)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Export Development Bank of Egypt (S.A.E.) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EXPA News

Simply Wall St News

EXPA Company Info

Description

Export Development Bank of Egypt (S.A.E.) provides various corporate banking products and services, and loan syndication products to small and medium-size enterprises, individuals, exporters, and financial institutions in Egypt. It offers current and saving accounts, time deposits, and certificates of deposit; and medium term and short term lending to finance working capital requirements, as well as personal loans. The company also provides credit and debit cards and online banking services; and treasury services, such as foreign exchange transactions, daily market report services, and money market services. In addition, it engages in investment activities consist of equity investments, non-governmental bonds and alternative investments, establishing and subscribing in equity/money market funds, and publicly traded portfolios, as well as mutual funds. The company operates through approximately 32 branches. Export Development Bank of Egypt (S.A.E.) was founded in 1983 and is headquartered in Giza, Egypt.

Details
Name: Export Development Bank of Egypt (S.A.E.)
EXPA
Exchange: CASE
Founded: 1983
EGP2,005,080,000
272,800,000
Website: http://www.ebebank.com
Address: Export Development Bank of Egypt (S.A.E.)
108, Mohy El Din Abu El Ezz Street,
Dokki,
Giza,
Egypt
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CASE EXPA Common Shares Cairo and Alexandria Stock Exchange EG EGP 14. Apr 1999
Number of employees
Current staff
Staff numbers
1,071
Export Development Bank of Egypt (S.A.E.) employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 17:51
End of day share price update: 2020/04/05 00:00
Last estimates confirmation: 2020/01/21
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.