TheScreener - Abu Qir Fertilizers Chemical Industries (ABUK) With a more favourable environment, ABOU KIR FERTILIZERS improves to Positive

Report

TheScreener

EUR 14.40 For Business Accounts Only

With a more favourable environment, ABOU KIR FERTILIZERS improves to Positive

ABOU KIR FERTILIZERS (EG), a company active in the Speciality Chemicals industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date March 15, 2022, the closing price was EGP 24.00 and its potential was estimated at EGP 25.20.

16/03/2022 1 EN

Underlying

Abu Qir Fertilizers & Chemical Industries

Abuo Kir Fertilizers & Chemical Industri. Abu Qir Fertilizers and Chemical Industries Co SAE is an Egypt-based Company engaged in the agricultural chemicals sector. The Company focuses on the production, distribution and export of fertilizers, chemicals and related products. The Company operates in seven segments, which include Abu Qir Plant 1, Abu Qir Plant 2, Abut Qir Plant 3, Mixture Fertilizers Plant, Liquid Fertilizers, Ammonia and Nitric Acid, and Others. The Company's products include Prilled Urea, Prilled Urea treated with Zinc Sulphate, Granular Ammonium Nitrate, Granular Urea, Granular Urea treated with Ammonium Sulphate, Granular Urea treated with Magnesium Sulphate, nitrogen, phosphorous and potassium (NPK) products and liquid ammonia. The Company's major shareholders include National Investment Bank, Egyptian General Petroleum Corporation, Public Industrial Development Authority and Al Ahli Capital.

See profile

EGS38191C010 Egyptian Exchange Egypt

Provider

TheScreener

Empowering Investors

theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.

Worldwide coverage: theScreener analyses cover around 6'500 Stocks, i.e 95% of the world Market Capitalization. theScreener state of art: We provide
theScreener state of art: We provide easy to use and complete analyses over Stocks, including Fundamentals / Technical / Risk/ Peer / Alternatives analyses.
For Research Pool community, we provide twice a week around 500 new equity analyses. We produce analyses about equities which have been upgraded or downgraded.

See profile

Other Reports on these Companies

CI Capital

ABUK EY | Maintaining our Overweight call

Value proposition holds. The government issued a new feedstock formula on 13 September that moves Abu Qir away from a fixed gas price of USD5.75/mmBtu to one that is linked to end-product prices. The decision raises the producer’s gas prices in the short term (by 30% in FY23e and 13% in FY24e), but reduces it beyond FY24e, based on our urea price outlook. With EGP weakness and a higher cost of capital assumption, the net effect is a 9.5% cut in our 12M TP to EGP38.0/share. Abu Qir trades on an EV/EBITDA of less than 1.5x, even after export urea prices normalise.Urea has good support heading in...

EUR 24.00

September 19, 2022 September 19, 2022 8 EN

CI Capital

ABUK EY | Raise 12M TP by 48% to EGP42.0/share

Strong value proposition; Top pick in Egypt. We raise our FY22-24e EBITDA by an average of 39%, mainly on higher urea prices, and expect FY22e EBITDA to rise +c3x y-o-y to EGP9.9bn, pushing net cash up to EGP11.3bn, ~40% of market cap. Abu Qir trades on an FY22e EV/EBITDA of 1.6x vs. its five-year average of 7.7x and peers’ 5.2x, despite offering a FY22e dividend yield of 13%. While Abu Qir and MOPCO are now on par on valuation, we prefer Abu Qir for being more advanced in cash deployment, and its liquid balance sheet (net cash is 1.1x FY22e EBITDA), particularly in the context of potential in...

EUR 28.80

March 15, 2022 March 15, 2022 8 EN

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

AC ENERGY CORP (PH), a company active in the Alternative Electricity industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 4 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date April 8, 2022, the closing price was PHP 8.54 and its expected value was estimated at PHP 8.53.

Free Trial

April 9, 2022 April 9, 2022 1 EN

With a more favourable environment, VUKILE PROPERTY improves to Positive

VUKILE PROPERTY (ZA), a company active in the Real Estate Holding & Development industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date April 5, 2022, the closing price was ZAR 13.72 and its potential was estimated at ZAR 15.16.

Free Trial

April 6, 2022 April 6, 2022 1 EN

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of ROYAL BAFOKENG PLATINUM (ZA), active in the Platinum & Precious Metals industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date April 5, 2022, the closing price was ZAR 159.78 and its target price was estimated at ZAR 127.50.

Free Trial

April 6, 2022 April 6, 2022 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

With a more favourable environment, ABOU KIR FERTILIZERS improves to Positive

Empowering Investors

ABUK EY | Maintaining our Overweight call

ABUK EY | Raise 12M TP by 48% to EGP42.0/share

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe