Wilzy Secures EGP 1.6 Billion Valuation for Capital Increase

Wilzy’s Capital Increase Transaction, supported by an EGP 1.6 Billion Valuation Report, Aims to Modernize Investment Services and Develop a Next-Generation Digital Financial Platform Tailored to the Egyptian Market.

Andersen in Egypt has issued an independent fair value report for Wilzy Financial Holding , in connection with its anticipated capital increase at Wilzy Holding, covering brokerage and asset management activities. The capital increase is intended  for the commitment to build a sustainable digital platform that leverages the group’s market experience and supports long-term value creation.

Andersen’s fair value report, officially filed with the Egyptian Exchange and approved by the Financial Regulatory Authority (FRA), valued Wilzy at approximately EGP 1.6 Billion, or EGP 10.83 per share.

The valuation was conducted in full compliance with the Egyptian Valuation Standards (EVS) issued by the FRA, ensuring both regulatory alignment and technical rigor. Andersen adopted a top-down analytical approach, starting with an assessment of the macroeconomic environment, followed by a detailed industry and market analysis, before moving into a company-specific financial review.

Andersen in Egypt played a pivotal role in evaluating the company, relying on robust valuation methodologies and a thorough analysis of all relevant internal and external factors.

The valuation process involved:

Step 1. Economic Analysis (Macro Level):

• Assess macro indicators: GDP, inflation, rates, FX, policy
• Evaluate economic cycles and capital market impact
• Correlate GDP growth with EGX trading activity

Step 2. Industry Analysis – Brokerage and Asset Management Sectors (Sector Level)(Sector Level):

• Review Key Pillars of the Securities Industry including brokerage and assets management
• Analyze Egyptian Stock Exchange Key Highlights
• Evaluate the Egyptian Indices Historical Performance
• Assess the impact of government privatization programs on trading volumes

Step 3. Forecast Wilz’s Brokerage Market Share and conduct Revenue Assessment (Brokerage Sector Level moving to company specifics):

• Forecast future trading using GDP projections
• Estimate total retail brokerage market size
• Determine Wilzy’s retail revenue and calculate market share
• Forecast Wilzy’s Brokerage market share
• Assess Wilzy’s Pricing Strategy
• Forecast Wilzy’s revenues over the Projection Period

Step 4. Forecast Wilz’s Asset under Management (AUM) Market Share and conduct Revenue Assessment (AUM Sector Level moving to company specifics):

• Estimate total retail AUMs market size
• Forecast Wilzy AUMs market share
• AUMs Wilzy Pricing Strategy
• Forecast Wilzy AUM revenues over the Projection Period

Step 5. Valuation Analysis (Value Level):

• Co-develop Business plan Projections
• Challenge Assumptions
• Apply DCF Methodology: Forecast free cash flows and apply appropriate WACC
• Conclude on the final fair value estimate

Based on Andersen in Egypt’s report, Wilz’s fair value stood at EGP 1.6 billion which is equivalent to an EGP 10.83 per share.  

The engagement was led by Andersen in Egypt’s Financial Advisory Department, under the leadership of Senior Partner – TAS Service Line Leader, Mr. Mohamed A. Abdelhaleem.

To find out more, please fill out the form or email us at: info@eg.Andersen.com

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