Long $ORWEOriental Weavers Carpets Company (S.A.E) (EGX:ORWE) is a leading global manufacturer and seller of carpets, jet-printed rugs, and related raw materials. Their product range includes machine-woven and non-woven carpets, various types of rugs and mats, and artificial turf for both indoor and outdoor applications.
Financial Highlights:
Revenue and Profitability: In the fiscal year 2023, Oriental Weavers reported revenues of EGP 17.659 billion, marking a 33% year-over-year increase. The net income for the same period was EGP 1.892 billion, resulting in a net profit margin of 10.7%. ๎cite๎turn0search2๎๎
Earnings Per Share (EPS):The earnings per share for FY2023 stood at EGP 2.6, reflecting a 106% increase compared to the previous year.
Market Capitalization: As of March 24, 2025, the company's market capitalization was approximately EGP 15.264 billion. but the enterprise value is 19.91 billion.
Dividend: The company declared an annual dividend of 1.25 EGP per share for 2024, with a yield of 5.36%. The dividend is paid once per year, and the last ex-dividend date was April 28, 2024. For 2025, the dividend has been increased to 1.6 EGP per share.
Debt and Cash Position: Oriental Weavers holds EGP 6.30 billion in cash and EGP 8.58 billion in debt, resulting in a net debt position of EGP 2.28 billion.
Return Metrics: The company has a Return on Equity (ROE) of 14.44% and a Return on Invested Capital (ROIC) of 5.17%.
Net Profit increased 34% YoY to record EGP 2.5bn backed by the strong operational performance accompanied with 137% YoY hike in interest income which offset the EGP 0.4bn FX loss and the 20% YoY higher interest expense. Net profit margin remained almost flat at 10.5%.
Sales Volume came almost flat YoY, affected by the global macroeconomic and geopolitical
challenges, with International making up healthy 62% of sales volume and Egypt representing
38% of sales volume.
Stock Performance:
Share Price: As of March 27, 2025, the stock closed at EGP 23.30 per share. โ
52-Week Range: The stock has traded between EGP 16.62 and EGP 35.12 over the past 52 weeks.
Technical Analysis:
Previous Close is 23.2 EGP/share , to buy below 24.0 EG/Share, below EMA200 now is in good daily support zone is match with Gann fan, SCM demand zone and Money flow profile ROC=24.6
is good buy zone .
The Gann Square of Nine is a technical analysis tool developed by W.D. Gann, used to identify potential support and resistance levels based on geometric and numerical relationships. The formula you've referenced, ((17.6)^1/2 + 2))^2 = 38, suggests a target price of EGP 38 per share. This aligns with certain Gann methodologies, where adding a constant to the square root of a price and then squaring the result can indicate significant price levels.
63 % profit
Refer to
1) CHF Cairo Financial Holding Alpha Spotter FV=30.1 ~ 35.1 EGP/share๎
2) Faisal Company for Securities Trading FV= 31.4 EGP/share๎
3) Hermes : FV =30.0 EGP/share
4)Fair value per share based on the sector's book value multiple is 75.0 EGP/share
These valuations might be derived from different analytical models or could represent price targets set by various analysts.
Conclusion:
Oriental Weavers demonstrates strong financial performance with consistent revenue growth and profitability. The company's dividend policy reflects its commitment to shareholder returns. The technical analysis suggests potential price movements, but it's essential to consider these in conjunction with fundamental analysis and broader market conditions.๎
Note: Financial markets are influenced by numerous factors. It's advisable to consult with a financial advisor or conduct comprehensive research before making investment decisions.*๎
