Market: Egypt ISIN: EGS655L1C012 Industry: Real estate development

Palm Hills Developments (“PHD”), a leading real estate developer in Egypt, is a joint stock company established in 1997. The Company builds integrated communities and has one of the most diversified land bank portfolios, spreading over 42.3 million square meters ("sqm"). PHD’s product offerings include primary homes on both West Cairo and East Cairo and Alexandria, as well as secondary homes in the North Coast (Mediterranean Sea) and Ain Sokhna (Red Sea). As at end of FY2020, PHD delivered 11,326 units within its developments. Today, PHD has 9 projects under development, 3 projects in West Cairo, 3 projects in East Cairo and 3 projects in the North Coast and Alexandria, in addition to 7 new projects including 6 co-developments, translating into a sales backlog of c.EGP16 billion. PHD is one of the most liquid and actively traded stocks on the Egyptian Stock Exchange and is traded under the symbol "PHDC.CA".

Share Data
15/04/2021
Currency EGP Volume 2,783,666
Previous Close 1.60 Number of Shares (mln) 2,308.949
Change (%) -0.50 Market Cap (mln) 4,981.92
1M Change % -3.91 YTD Change % 17.15
1M high 1.70 YTD high 1.83
1M low 1.55 YTD low 1.36
Currency EGP
Volume 2,783,666
Previous Close 1.60
Number of Shares (mln) 2,308.949
Change (%) -0.50
Market Cap (mln) 4,981.92
1M Change % -3.91
YTD Change % 17.15
1M high 1.70
YTD high 1.83
1M low 1.55
YTD low 1.36
Key Figures (EGP mln)
2017
2018
2019
2020
Income statement        
Revenue 6,604 7,423 6,224 5,208
Gross profit 2,103 2,587 2,329 2,014
Profit before tax 1,103 1,159 1,005 793
Income tax expense (162) (252) (98) (37)
Profit for the year 936 907 906 755
Balance sheet        
Total assets 29,251 34,602 37,471 38,303
Total liabilities 22,011 25,387 27,934 28,846
Total equity 7,240 9,216 9,538 9,457
Cash flow        
Net cash generated from operating activities (278) (537) 1,686 1,903
Net cash generated from/(used in) investing activities 131 12 (26) (176)
Net cash used in financing activities (99) 919 (1,241) (1,523)
Cash and cash equivalents at the end of the year 562 956 1,375 1,579
Key indicators        
New sales 10,539 12,463 14,905 12,779
New sales - No. of Units 2,136 3,102 2,470 1,840
Notes: Figures are presented in accordance with Egyptian GAAP.