General Company for Ceramic and Porcelain Products SAE

The company's capital structure is highly leveraged, with total liabilities of EGP 381.21 million and total equity of EGP -15.30 million, resulting in a negative debt-to-equity ratio of -0.15. Despite a negative net income of EGP -1.85 million, the company reported a free cash flow of EGP 2.18 million, indicating some operational liquidity. However, the current ratio of 0.56 suggests a weak short-term liquidity position, as current assets are significantly lower than current liabilities.

Profitability metrics show significant underperformance relative to industry norms. The company reported a net loss of EGP 1.85 million and a negative operating income of EGP 10.27 million, with a return on assets of -0.51%. These figures indicate a struggling business model and poor asset utilization. The return on equity of 12.11% is unusually high given the negative equity position, suggesting a distortion in the metric due to the company's financial structure.

The company's revenue is concentrated in a single business segment focused on ceramic and porcelain products, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and demand volatility in the construction sector.

The company's growth trajectory is negative, with a net loss in the latest reporting period. Historical revenue data is not provided, but the current financial performance suggests a contraction in operations. The outlook for the next fiscal year is not explicitly stated, but the company's financial position indicates a high risk of further deterioration.

The company faces significant liquidity and solvency risks, with total liabilities exceeding total assets by EGP 15.30 million. The risk assessment indicates a medium liquidity risk and a low dilution risk, but the negative net cash position after subtracting total debt is a key flag. The company has not disclosed any recent dilutive events, but the financial stress may necessitate future equity or debt financing.

Recent filings and transcripts are not provided in the available data, so no specific events can be cited. However, the financial snapshot indicates a company in distress, with negative equity and declining profitability, which may prompt regulatory or creditor scrutiny.

Operating income surged 171.4% year-over-year, indicating significant improvement in core operational profitability.

Capital expenditure relative to revenue is minimal, ranking in the top quartile for efficiency.

Debt-to-equity ratio of -0.15 is well below the cohort median of 0.29.

Dilution risk is assessed as low, suggesting limited threat to existing shareholder value.

Credit risk is flagged as high, indicating significant potential for financial distress or default.

Liquidity risk is rated as medium, highlighting potential challenges in meeting short-term obligations.

Revenue EGP 284.2M, +18,2% YoY; Operating income −10,9% YoY.

• ▍Revenue EGP 284.2M, +18,2% YoY
• ▍Operating income −10,9% YoY
• ▍Net income −631,8% YoY
• ▍Free cash flow −359,7% YoY
• ▍Net margin -36.8%

Revenue EGP 240.4M, +21,0% YoY; Operating income +46,3% YoY.

• ▍Revenue EGP 240.4M, +21,0% YoY
• ▍Operating income +46,3% YoY
• ▍Net income +128,5% YoY
• ▍Free cash flow +155,9% YoY
• ▍Net margin 8.2%

Revenue EGP 198.6M, −8,8% YoY; Operating income −9,4% YoY.

• ▍Revenue EGP 198.6M, −8,8% YoY
• ▍Operating income −9,4% YoY
• ▍Net income −10,7% YoY
• ▍Free cash flow −28,7% YoY
• ▍Net margin -34.7%

Revenue EGP 217.8M; Operating income -EGP 31.1M.

• ▍Revenue EGP 217.8M
• ▍Operating income -EGP 31.1M
• ▍Net margin -28.6%