Projected Income Statement: Emaar Development

Forecast Balance Sheet: Emaar Development

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -2,430 -10,471 -18,418 -23,566 -41,306 -50,901 -58,367 -81,281
Change - -330.91% -75.9% -27.95% -75.28% -23.23% -14.67% -39.26%
Announcement Date 14/02/22 17/03/23 09/02/24 14/02/25 12/02/26 - - -
1AED in Million
Estimates

Cash Flow Forecast: Emaar Development

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 2.93 2.852 8.883 5.6 7.522 8.65 15.64 20.8
Change - -2.66% 211.47% -36.96% 34.32% 15% 80.78% 33.01%
Free Cash Flow (FCF) 1 4,195 8,613 9,756 10,946 21,042 5,587 11,821 16,020
Change - 105.35% 13.27% 12.19% 92.24% -73.45% 111.59% 35.51%
Announcement Date 14/02/22 17/03/23 09/02/24 14/02/25 12/02/26 - - -
1AED in Million
Estimates

Forecast Financial Ratios: Emaar Development

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 26.63% 36.6% 67% 49.21% 52.14% 52.08% 47.43% 45.91%
EBIT Margin (%) 26.16% 34.26% 60.71% 47.25% 48.87% 46.52% 45.54% 42.35%
EBT Margin (%) 27.13% 36.96% 71.17% 53.13% 56.36% 50.77% 49.65% 50.58%
Net margin (%) 20.79% 33% 55.61% 39.87% 41.17% 36.09% 36.37% 38.29%
FCF margin (%) 26.88% 74.63% 81.84% 57.17% 76.56% 16.76% 29.99% 36.58%
FCF / Net Income (%) 129.29% 226.18% 147.18% 143.4% 185.95% 46.45% 82.45% 95.55%

Profitability

        
ROA 9.29% 9.69% 14.52% 14.1% 16.13% 16.07% 15.59% 12.8%
ROE 25.2% 23.23% 32.23% 29.8% 34.47% 31.63% 28.17% 24.49%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 0.02% 0.02% 0.07% 0.03% 0.03% 0.03% 0.04% 0.05%
CAPEX / EBITDA (%) 0.07% 0.07% 0.11% 0.06% 0.05% 0.05% 0.08% 0.1%
CAPEX / FCF (%) 0.07% 0.03% 0.09% 0.05% 0.04% 0.15% 0.13% 0.13%

Items per share

        
Cash flow per share 1 1.049 2.154 2.441 2.738 5.262 3.387 4.63 6.56
Change - 105.27% 13.33% 12.15% 92.22% -35.65% 36.72% 41.69%
Dividend per Share 1 - 0.52 0.5205 0.68 1 1.099 1.245 1.18
Change - - 0.1% 30.64% 47.06% 9.88% 13.3% -5.22%
Book Value Per Share 1 3.623 4.574 5.71 7.097 9.318 11.58 14.37 19.93
Change - 26.25% 24.83% 24.29% 31.3% 24.23% 24.1% 38.76%
EPS 1 0.81 0.95 1.66 1.91 2.83 3.231 3.658 3.967
Change - 17.28% 74.74% 15.06% 48.17% 14.16% 13.21% 8.47%
Nbr of stocks (in thousands) 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000
Announcement Date 14/02/22 17/03/23 09/02/24 14/02/25 12/02/26 - - -
1AED
Estimates
2026 *2027 *
P/E ratio 4.32x 3.82x
PBR 1.21x 0.97x
EV / Sales 0.15x -0.06x
Yield 7.87% 8.92%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
13.96AED
Average target price
19.34AED
Spread / Average Target
+38.52%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. EMAARDEV Stock
  4. Financials Emaar Development