Cairo - Mubasher: Kafr El Zayat Pesticides accounts for 32% market share in the Egyptian market, where it enjoys a stable revenue stream, induced by a sustainable local demand from the vital agriculture sector, said a recent note published by MubasherTrade Research (MTR).
Kafr El Zayat has long managed to reward its shareholders with generous dividend payouts, thanks to its stable cash flows, noted MTR.
At 2015 P/E of 4.8x, the stock trades at a 48% discount to the industry median, leaving a +55% upside from here.
MTR has valued the company using both DCF and multiples but most of all, MTR likes the stock given its stable dividend policy and high yield.
