EGYPTIAN IRON & STEEL
IRON

EGX

Current Price
EGP
EGP (%)
Price Upon Recommendation
40.61 EGP
Target Price from Recommendation

46.70 EGP

+15.00%
Holding Period

More than 12 months

Final Recommendation

Buy stock at the current price

Valid Until

December 31, 2025 at 11:59:59 PM

Risk Assessment

Medium

Confidence Score

75.00%

Potential Growth

15.00%

Investment Reason

IRON has shown resilience in Egypt's fluctuating market, supported by strong industrial demand and strategic positioning in the construction sector. Recent performance indicates upward momentum, with a favorable P/E ratio compared to regional peers .

Overview
Recent Performance

Up 8% YTD with consistent volume growth, outperforming the EGX30 index .

Economic Factors

Egypt's GDP growth (4.5% projected in 2024) and rising construction activity align with IRON's growth trajectory .

Competitive Positioning

Leader in Egypt's steel sector with a 22% market share, backed by government infrastructure projects .

Analysis Summary

IRON's strong fundamentals, sector leadership, and alignment with Egypt's infrastructure boom make it a compelling medium-term investment despite regional volatility.

Key Points
  • 15% growth potential aligned with Egypt's 2024 GDP projections.
  • Dominant 22% market share in Egypt's steel sector.
  • Government infrastructure projects drive demand.
  • Undervalued compared to regional peers (P/E: 8.5x).
Recommendations