MILS Valuation & Real Estate CatalystsNorth Cairo Mills Co.EGX_DLY:MILSmnmabroukw36ix🔢 The Fundamentals (TTM May 2026) The Earnings Slowdown: Net profit contracted 10.15% to EGP 33.92M (down from EGP 37.75M), while revenue slid to EGP 861.18M due to tough domestic volume constraints. 📉🌾 The "Anous" Land Auction Catalyst: Management cancelled the strategic asset auction after bids failed to meet their internal reserve value. Pulling the asset to re-evaluate later signaled underlying structural strength to the market, keeping the speculative price floor elevated. 🏢💎 🧱 Logical Fair Value Calculation (Fair Value Map) Classification: Asset-Heavy State Monopoly / Real Estate Spin-Off Potential. Relative Valuation (Normalized Operational Model):Projected Annualized Operational EPS: Estimated at 4.22 EGP based on the latest 9-month deceleration. 💵 Target Industry Multiplier: Applying a premium 15x P/E multiplier given its complete independence from external debt financing. 📈 Base Operational Value: 63.30 EGP ( 4.22 X 15) 🏗️ 🌆 The Tangible Asset Premium: I stack an intensive EGP 51.70 per share premium representing the real-estate replacement valuation of their key urban Cairo facilities and the impending "Anous" asset re-auction value. 🏙️💰 Total Realistic Fair Value Target: 115.00 EGP 🎯 ⚖️ The Fair Value Gap & Core Drivers: Market Price: 141.50 EGP Internal Fair Value: 115.00 EGP The Gap: -23.0% (Trading at a speculative asset-premium overlay) 🚨 MILS remains an active "Speculative Hold." 🎭🪑 Pure fundamental metrics indicate that at 141.50 EGP, the market has already aggressively priced in the future monetization of its dormant land holdings. However, because the upcoming re-auction of the "Anous" property continues to hang in the air as a major positive catalyst, trying to short or exit the trend prematurely could cause you to miss an unexpected asset pop. 🔥🌌 If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: 🔗 https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑