Stock EMAARDEV EMAAR DEVELOPMENT
Add to a list
To use this feature you must be a member
Log inSign up

Financials Emaar Development

Equities

EMAARDEV

AEE001901017

Real Estate Development & Operations

Market Closed - Dubai FM
Other stock markets
 06:56:20 2024-07-05 am EDT 		5-day change 1st Jan Change
8 AED +0.25% Intraday chart for Emaar Development 0.00% +11.89%
Jul. 04 Goldman Sachs Lifts Emaar Development PT, Keeps Buy Rating MT
Jul. 02 Emirati Stocks Gain Amid Higher Oil Prices, Inflation Focus MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,680 11,000 17,480 17,640 28,600 32,000 - -
Enterprise Value (EV) 1 15,211 11,361 15,050 7,169 10,182 10,191 6,109 -1,072
P/E ratio 5.76 x 6.71 x 5.4 x 4.64 x 4.31 x 4.78 x 5.01 x 4.39 x
Yield 13.3% - - 11.8% 7.28% 6.46% 6.71% 6.46%
Capitalization / Revenue 1.23 x 1.13 x 1.12 x 1.53 x 2.4 x 1.93 x 1.76 x 1.55 x
EV / Revenue 1.19 x 1.16 x 0.96 x 0.62 x 0.85 x 0.62 x 0.34 x -0.05 x
EV / EBITDA 4.17 x 5.12 x 3.62 x 1.7 x 1.27 x 1.26 x 0.75 x -0.12 x
EV / FCF -6.4 x 26.6 x 3.59 x 0.83 x 1.04 x 1.34 x 0.73 x -0.09 x
FCF Yield -15.6% 3.76% 27.9% 120% 95.8% 74.9% 137% -1,072%
Price to Book 1.63 x 0.98 x 1.21 x 0.96 x 1.25 x 1.19 x 1.04 x 0.84 x
Nbr of stocks (in thousands) 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 - -
Reference price 2 3.920 2.750 4.370 4.410 7.150 8.000 8.000 8.000
Announcement Date 2/13/20 2/14/21 2/14/22 3/17/23 2/9/24 - - -
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 12,746 9,758 15,602 11,541 11,921 16,569 18,213 20,712
EBITDA 1 3,645 2,220 4,154 4,224 7,987 8,101 8,106 8,980
EBIT 1 3,594 2,174 4,081 3,954 7,237 7,564 8,275 9,087
Operating Margin 28.2% 22.27% 26.16% 34.26% 60.71% 45.65% 45.44% 43.88%
Earnings before Tax (EBT) 1 3,532 2,056 4,233 4,265 6,629 9,051 7,112 7,566
Net income 1 2,700 1,657 3,244 3,808 6,629 7,128 6,174 6,588
Net margin 21.18% 16.98% 20.79% 33% 55.61% 43.02% 33.9% 31.81%
EPS 2 0.6800 0.4100 0.8100 0.9500 1.660 1.674 1.597 1.821
Free Cash Flow 1 -2,377 427.7 4,195 8,613 9,756 7,632 8,348 11,497
FCF margin -18.65% 4.38% 26.88% 74.63% 81.84% 46.06% 45.83% 55.51%
FCF Conversion (EBITDA) - 19.26% 100.97% 203.93% 122.15% 94.21% 102.99% 128.02%
FCF Conversion (Net income) - 25.81% 129.29% 226.18% 147.18% 107.07% 135.21% 174.53%
Dividend per Share 2 0.5200 - - 0.5200 0.5205 0.5171 0.5367 0.5167
Announcement Date 2/13/20 2/14/21 2/14/22 3/17/23 2/9/24 - - -
1AED in Million2AED
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 4,818 3,998 3,568 3,714 2,057 2,201 2,375 2,080 2,914 4,552 3,507 4,209 4,578 5,152 5,956
EBITDA 1 - - - - 705 954.3 1,140 767.2 2,079 3,544 1,692 2,018 2,361 2,669 2,505
EBIT 1 1,234 948.2 1,181 1,260 639.3 874.5 1,083 764 2,074 3,318 1,579 1,959 2,359 2,667 2,502
Operating Margin 25.62% 23.72% 33.09% 33.92% 31.08% 39.72% 45.6% 36.73% 71.18% 72.89% 45.02% 46.56% 51.53% 51.76% 42.01%
Earnings before Tax (EBT) - - - - - - - - - - 1,858 - - - -
Net income 1 1,036 860.4 1,050 1,140 648 969.8 1,058 1,119 1,882 1,875 1,293 1,646 1,891 2,132 2,013
Net margin 21.49% 21.52% 29.44% 30.69% 31.5% 44.05% 44.55% 53.78% 64.6% 41.19% 36.87% 39.11% 41.3% 41.38% 33.8%
EPS 2 - - - - - - 0.2600 0.2800 0.4700 0.6500 0.3200 0.4255 0.4727 0.5330 0.5032
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 8/13/20 2/14/22 5/13/22 8/12/22 11/14/22 3/17/23 5/11/23 8/14/23 11/14/23 2/9/24 5/14/24 - - - -
1AED in Million2AED
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 361 - - - - - -
Net Cash position 1 469 - 2,430 10,471 18,418 21,809 25,891 33,072
Leverage (Debt/EBITDA) - 0.1628 x - - - - - -
Free Cash Flow 1 -2,377 428 4,195 8,613 9,756 7,632 8,348 11,497
ROE (net income / shareholders' equity) 30.8% 15.9% 25.2% 23.2% 32.2% 25.2% 23.3% 23.5%
ROA (Net income/ Total Assets) 8.43% 4.93% 9.29% 9.69% 14.5% 12.1% 10.3% 9.2%
Assets 1 32,030 33,595 34,937 39,319 45,670 59,107 59,972 71,596
Book Value Per Share 2 2.400 2.810 3.620 4.570 5.710 6.740 7.660 9.470
Cash Flow per Share 2 -0.5900 0.1100 1.050 2.150 2.440 1.150 1.780 2.240
Capex 1 11.2 0.65 2.93 2.85 8.88 9.7 10.6 10.9
Capex / Sales 0.09% 0.01% 0.02% 0.02% 0.07% 0.06% 0.06% 0.05%
Announcement Date 2/13/20 2/14/21 2/14/22 3/17/23 2/9/24 - - -
1AED in Million2AED
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Emaar Development

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
8 AED
Average target price
9.973 AED
Spread / Average Target
+24.66%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Real Estate Development & Operations

1st Jan change Capi.
EMAAR DEVELOPMENT Stock Emaar Development
+11.89% 8.71B
MITSUI FUDOSAN CO., LTD. Stock Mitsui Fudosan Co., Ltd.
+31.82% 26.5B
CHINA RESOURCES LAND LIMITED Stock China Resources Land Limited
-1.96% 25.06B
DLF LIMITED Stock DLF Limited
+14.65% 24.69B
SUN HUNG KAI PROPERTIES LIMITED Stock Sun Hung Kai Properties Limited
-21.26% 23.3B
MITSUBISHI ESTATE CO., LTD. Stock Mitsubishi Estate Co., Ltd.
+35.56% 20.67B
EMAAR PROPERTIES Stock Emaar Properties
+1.01% 19.25B
CHINA OVERSEAS LAND & INVESTMENT LTD. Stock China Overseas Land & Investment Ltd.
-1.16% 19.05B
MACROTECH DEVELOPERS LIMITED Stock Macrotech Developers Limited
+49.86% 18.28B
SUMITOMO REALTY & DEVELOPMENT CO., LTD. Stock Sumitomo Realty & Development Co., Ltd.
+19.98% 14.84B
Other Real Estate Development & Operations
  1. Stock Market
  2. Equities
  3. EMAARDEV Stock
  4. Financials Emaar Development