Al Ahly Pharos sets FV of Ezz steel at EGP 15/share
Updated 3/8/2022 9:24:12 AM
ArabFinance: Al Ahly Pharos Securities Brokerage Research has set the fair value (FV) of Ezz Steel (ESRS) at EGP 15 per share, with a recommendation of “Equalweight”, the research firm noted in a report.
It is worth noting that Ezz Steel achieved a consolidated net profit attributable to the parent company of EGP 3.52 billion in 2021, versus a net loss of EGP 4.68 billion in 2020.
Meanwhile, the company’s standalone net profit after tax stood at EGP 288.15 million in 2021, versus a net loss of EGP 563.67 million a year earlier.
Ezz Steel is an Egypt-based manufacturer and trader of steel and related products. Together with its subsidiaries, the company is engaged in the manufacture, trade, and distribution of iron and steel products of all kinds and associated services.
