EGX
2.60 EGP
+25.00%More than 12 months
Buy stock at the current price
March 17, 2026 at 12:00:00 AM
Medium
75.00%
25.00%
El Kahera Housing (ELKA) has demonstrated a significant increase in market capitalization, rising by 47.62% in 2024. Despite a decrease in revenue, earnings have shown an 80.17% increase, indicating improved operational efficiency. The stock's low Price-to-Earnings (P/E) ratio of 1.39 suggests undervaluation compared to industry peers, presenting a potential investment opportunity.
In 2023, El Kahera Housing's revenue decreased by 87.99% to EGP 359.21 million, while earnings increased by 80.17% to EGP 184.45 million, highlighting improved profitability despite lower sales.
The Egyptian real estate market has faced challenges, but El Kahera Housing's performance indicates resilience. Factors such as inflation rates, interest rates, and economic growth in Egypt will influence the company's future performance.
El Kahera Housing operates in Egypt's real estate sector, focusing on property development, sales, leasing, and design consultancy. Its market capitalization growth and earnings increase suggest a strengthening competitive position.
El Kahera Housing's substantial earnings growth, increased market capitalization, and low P/E ratio suggest undervaluation and potential for future growth, making it a favorable investment opportunity.
- Significant earnings growth with an 80.17% increase in 2023.
- Substantial market capitalization growth of 47.62% in 2024.
- Low P/E ratio of 1.39, indicating potential undervaluation.
- Positive technical analysis with a 'Strong Buy' signal from moving averages.
