Spotlight - Misr Chemical Industries Company
​We assign a “STRONG BUY†rating; with an upside potential of 48.9% driven from a Fair Value of EGP 12.21/share to Misr Chemical Industries Company (MICH). We applied the Discounted Cash Flow (DCF) valuation methodology to value the company’s operations, reflecting our assumptions for the company during the forecast period. Utilizing a market risk premium of 8.0% an adjusted beta of 0.44 a liquidity risk premium of 2.0%, which translates to a WACC of 16.9% and a perpetual growth rate of 3.0% we arrive at the fair value of EGP 12.21/share.
Since its founding in 1992 as a privatization consulting office to the government of Egypt, Prime has successfully reinvented itself as a regional investment bank with a presence in major Arab markets. We provide innovative and outstanding financial services to corporations, institutions, governments, and individuals, using the breadth of our expertise to enable them to reach their objectives.
Over the years, we have refocused our business and our people while extending our geographical reach and strengthening our technological capabilities.
Today, Prime is:
- A competitive leader in the region
- Focused on both clients and products
- Led by pioneers who see change as an opportunity that constructively challenges the status quo
- Driven by a fearless and unconditional commitment to delivery and performance
- Supported by a culture that emphasizes teamwork and a sense of urgency
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