EMIRATES CENTRAL COOLING SYSTEMS CORPORATION Financials Emirates Central Cooling Systems Corporation
Equities
EMPOWER
AEE01134E227
Water Utilities
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.55 AED | +0.65% |
|
+6.16% | -6.63% |
| Jul. 02 | Citi Keeps Empower at Buy, Lowers PT | MT |
| May. 28 | Dubai's Empower Gears Up for Peak Summer Demand in Cooling Services | MT |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 14,200 | 16,600 | 15,500 | - | - |
| Enterprise Value (EV) 1 | 17,205 | 20,527 | 18,861 | 19,404 | 19,371 |
| P/E ratio | 14.2 x | 17.5 x | 16.4 x | 15.5 x | 14.4 x |
| Yield | 2.99% | 5.12% | 5.57% | 5.83% | 6.13% |
| Capitalization / Revenue | 5.08 x | 5.47 x | 4.72 x | 4.41 x | 4.16 x |
| EV / Revenue | 6.16 x | 6.76 x | 5.74 x | 5.52 x | 5.2 x |
| EV / EBITDA | 12.5 x | 14 x | 11.7 x | 11.4 x | 10.8 x |
| EV / FCF | 17.4 x | 19.2 x | 22.4 x | 17.4 x | 15.5 x |
| FCF Yield | 5.75% | 5.22% | 4.46% | 5.74% | 6.46% |
| Price to Book | - | 5.28 x | 4.94 x | 4.76 x | 4.57 x |
| Nbr of stocks (in thousands) | 10,000,000 | 10,000,000 | 10,000,000 | - | - |
| Reference price 2 | 1.420 | 1.660 | 1.550 | 1.550 | 1.550 |
| Announcement Date | 2/13/23 | 2/12/24 | - | - | - |
1AED in Million2AED
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 2,793 | 3,035 | 3,286 | 3,513 | 3,723 |
| EBITDA 1 | - | 1,376 | 1,465 | 1,616 | 1,706 | 1,800 |
| EBIT 1 | - | 1,052 | 1,120 | 1,243 | 1,309 | 1,383 |
| Operating Margin | - | 37.67% | 36.9% | 37.84% | 37.27% | 37.16% |
| Earnings before Tax (EBT) 1 | - | - | 942.6 | 1,087 | 1,158 | 1,275 |
| Net income 1 | 935.9 | 1,001 | 952.9 | 944.2 | 1,011 | 1,102 |
| Net margin | - | 35.83% | 31.4% | 28.73% | 28.77% | 29.61% |
| EPS 2 | 0.9350 | 0.1000 | 0.0950 | 0.0946 | 0.0997 | 0.1074 |
| Free Cash Flow 1 | - | 989.8 | 1,071 | 842 | 1,114 | 1,252 |
| FCF margin | - | 35.44% | 35.3% | 25.62% | 31.7% | 33.63% |
| FCF Conversion (EBITDA) | - | 71.94% | 73.14% | 52.1% | 65.26% | 69.55% |
| FCF Conversion (Net income) | - | 98.92% | 112.44% | 89.18% | 110.17% | 113.57% |
| Dividend per Share 2 | - | 0.0425 | 0.0850 | 0.0863 | 0.0903 | 0.0951 |
| Announcement Date | 10/24/22 | 2/13/23 | 2/12/24 | - | - | - |
1AED in Million2AED
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 719.5 | 494 | 730.6 | 1,045 | 765.7 | 538 | 842.2 | 1,056 | 861.5 | 792.7 |
| EBITDA 1 | 383.4 | 284 | 361.1 | 419.3 | 389.9 | 313 | 432.9 | 465.5 | 453.8 | 458.3 |
| EBIT 1 | 298.8 | 200.9 | 276.6 | 331.2 | 311.2 | 229.4 | 386.9 | 419 | 407.1 | 352.3 |
| Operating Margin | 41.53% | 40.66% | 37.86% | 31.7% | 40.65% | 42.64% | 45.94% | 39.68% | 47.25% | 44.45% |
| Earnings before Tax (EBT) 1 | - | - | - | - | 261.8 | 181.8 | 350 | 353.2 | 343.8 | 352.3 |
| Net income 1 | 268.6 | 167.3 | 235.5 | 278.1 | 272.1 | 163.4 | 270.6 | 296.6 | 286 | 268.8 |
| Net margin | 37.33% | 33.86% | 32.24% | 26.62% | 35.54% | 30.36% | 32.13% | 28.09% | 33.2% | 33.91% |
| EPS 2 | - | 0.0167 | 0.0236 | 0.0278 | 0.0269 | 0.0163 | 0.0271 | 0.0297 | 0.0286 | 0.0269 |
| Dividend per Share 2 | - | - | - | - | 0.0425 | - | 0.0425 | - | 0.0425 | - |
| Announcement Date | 2/13/23 | 5/5/23 | 8/4/23 | 11/3/23 | 2/12/24 | 5/6/24 | - | - | - | - |
1AED in Million2AED
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 3,005 | 3,927 | 3,361 | 3,904 | 3,871 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 2.184 x | 2.681 x | 2.08 x | 2.288 x | 2.15 x |
| Free Cash Flow 1 | - | 990 | 1,071 | 842 | 1,114 | 1,252 |
| ROE (net income / shareholders' equity) | - | 23.7% | 30.9% | 30% | 31.1% | 32.9% |
| ROA (Net income/ Total Assets) | - | - | 9.83% | 9.1% | 9.78% | 10.6% |
| Assets 1 | - | - | 9,692 | 10,379 | 10,334 | 10,359 |
| Book Value Per Share 2 | - | - | 0.3100 | 0.3100 | 0.3300 | 0.3400 |
| Cash Flow per Share 2 | - | - | 0.1400 | 0.1400 | 0.1400 | 0.1500 |
| Capex 1 | - | 435 | 320 | 482 | 606 | 628 |
| Capex / Sales | - | 15.57% | 10.55% | 14.66% | 17.26% | 16.88% |
| Announcement Date | 10/24/22 | 2/13/23 | 2/12/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
1.55
AED
Average target price
2.107
AED
Spread / Average Target
+35.91%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.63% | 4.19B | |
| -13.97% | 2.37B | |
| -8.47% | 1.64B | |
| -21.88% | 1.14B | |
| -14.67% | 546M | |
| +11.96% | 508M | |
| -25.79% | 382M | |
| -18.31% | 333M | |
| -27.88% | 330M | |
| -0.16% | 274M |
- Stock Market
- Equities
- EMPOWER Stock
- Financials Emirates Central Cooling Systems Corporation
