Report
EUR 13.86 For Business Accounts Only

Thanks to a better fundamental star rating, FAWRY FOR BANK sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to FAWRY FOR BANK (EG), active in the Business Support Services industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date April 5, 2022, the closing price was EGP 10.05 and its expected value was estimated at EGP 9.86.
Underlying
Fawry for Banking Technology and Electronic Payments

Fawry For Banking Technology And Electronic Payment S.A.E is an Egypt-based company, which provides an electronic payment network. The Company allows users to pay bills in multiple channels, such as online, using automated teller machine (ATMs), mobile wallets and retail points. The Company provides operations services specialized in systems and communications, management, operating and maintenance of equipment and computers networks services and internal systems of banks, networks, and centralized systems. The Company also establish operating systems for banking services through the Internet, phone and e-payment services. The Company's network of retailers includes small groceries, pharmacies, stationaries, and post-offices, among others.

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