Company Valuation: Aldar Properties

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 31,372 34,831 42,065 60,385 68,405 62,822 - -
Change - 11.03% 20.77% 43.55% 13.28% -8.16% - -
Enterprise Value (EV) 1 30,892 32,579 42,426 61,635 72,257 67,463 60,260 54,535
Change - 5.46% 30.23% 45.28% 17.23% -6.64% -10.68% -9.5%
P/E 13.5x 12x 11x 11x 9.11x 7.92x 6.33x 5.56x
PBR 1.17x 1.15x 1.28x 1.64x 1.61x 1.32x 1.08x 0.93x
PEG - 0.5x 0.3x 0.2x 0.3x 1.4x 0.3x 0.4x
Capitalization / Revenue 3.66x 3.11x 2.97x 2.63x 2.02x 1.73x 1.45x 1.3x
EV / Revenue 3.6x 2.91x 3x 2.68x 2.14x 1.86x 1.39x 1.13x
EV / EBITDA 10.4x 8.89x 8.32x 9.05x 7.33x 5.61x 4.44x 3.56x
EV / EBIT 11.4x 9.81x 10.7x 10.1x 7.67x 6.16x 4.84x 3.71x
EV / FCF 5.67x -24.7x 31.2x 22.4x 14.9x 18.1x 9.4x 8.07x
FCF Yield 17.6% -4.04% 3.21% 4.46% 6.73% 5.52% 10.6% 12.4%
Dividend per Share 2 0.15 0.16 0.17 0.185 0.205 0.2169 0.2571 0.2951
Rate of return 3.76% 3.61% 3.18% 2.41% 2.36% 2.71% 3.22% 3.69%
EPS 2 0.295 0.368 0.486 0.7 0.955 1.009 1.262 1.437
Distribution rate 50.8% 43.5% 35% 26.4% 21.5% 21.5% 20.4% 20.5%
Net sales 1 8,576 11,200 14,161 22,998 33,818 36,309 43,319 48,396
EBITDA 1 2,966 3,664 5,100 6,813 9,858 12,029 13,562 15,314
EBIT 1 2,716 3,321 3,977 6,117 9,421 10,959 12,462 14,713
Net income 1 2,316 2,944 3,922 5,596 7,611 7,930 9,845 11,136
Net Debt 1 -480.2 -2,253 361 1,250 3,852 4,640 -2,562 -8,287
Reference price 2 3.990 4.430 5.350 7.680 8.700 7.990 7.990 7.990
Nbr of stocks (in thousands) 7,862,630 7,862,630 7,862,630 7,862,630 7,862,630 7,862,630 - -
Announcement Date 09/02/22 09/02/23 09/02/24 10/02/25 09/02/26 - - -
1AED in Million2AED
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.92x1.86x5.61x2.71% 17.1B
15.81x4.97x13.39x3.21% 44.96B
8.7x1.5x7.85x4.08% 30.07B
6.02x0.74x1.53x8.36% 28.78B
18.88x4.02x16.4x1.32% 28.9B
13.7x3.04x14.59x2.56% 25.3B
8.43x0.93x3.4x2.65% 21.55B
9.12x2.36x7.24x3.82% 21.5B
14.1x6.63x17.74x1.51% 20.59B
10.11x1.64x14.19x3.74% 18.42B
Average 11.28x 2.77x 10.19x 3.4% 25.72B
Weighted average by Cap. 11.77x 2.93x 10.41x 3.49%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. ALDAR Stock
  4. Valuation Aldar Properties