Valuation Emaar Development

Equities

Market Closed - Dubai FM Other stock markets 14:55:04 18/07/2025 +04			5-day change	1st Jan Change
14.80 ^AED	+1.37%		+5.71%	+8.03%

07-04	AlphaMena Lifts Emaar Development PT, Maintains Buy Rating	MT
06-26	HSBC Boosts Emaar Development PT, Maintains Buy Rating	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	11,000	17,480	17,640	28,600	54,800	59,200	-	-
Change	-	58.91%	0.92%	62.13%	91.61%	8.03%	-	-
Enterprise Value (EV) ¹	11,361	15,050	7,169	10,182	31,234	25,257	18,091	12,003
Change	-	32.47%	-52.36%	42.02%	206.76%	-19.14%	-28.37%	-33.65%
P/E ratio	6.71x	5.4x	4.64x	4.31x	7.17x	6.51x	5.38x	4.53x
PBR	0.98x	1.21x	0.96x	1.25x	1.93x	1.76x	1.42x	1.1x
PEG	-	0.1x	0.3x	0.1x	0.5x	0.3x	0.3x	0.2x
Capitalization / Revenue	1.13x	1.12x	1.53x	2.4x	2.86x	2.47x	2.08x	1.68x
EV / Revenue	1.16x	0.96x	0.62x	0.85x	1.63x	1.05x	0.64x	0.34x
EV / EBITDA	5.12x	3.62x	1.7x	1.27x	3.31x	2.23x	1.35x	0.69x
EV / EBIT	5.23x	3.69x	1.81x	1.41x	3.45x	2.18x	1.24x	0.75x
EV / FCF	26.6x	3.59x	0.83x	1.04x	2.85x	4.29x	3.18x	0.82x
FCF Yield	3.76%	27.9%	120%	95.8%	35%	23.3%	31.4%	122%
Dividend per Share ²	-	-	0.52	0.5205	0.68	0.7375	0.7357	0.856
Rate of return	-	-	11.8%	7.28%	4.96%	4.98%	4.97%	5.78%
EPS ²	0.41	0.81	0.95	1.66	1.91	2.273	2.749	3.268
Distribution rate	-	-	54.7%	31.4%	35.6%	32.4%	26.8%	26.2%
Net sales ¹	9,758	15,602	11,541	11,921	19,147	23,991	28,431	35,160
EBITDA ¹	2,220	4,154	4,224	7,987	9,423	11,312	13,413	17,440
EBIT ¹	2,174	4,081	3,954	7,237	9,047	11,569	14,639	16,107
Net income ¹	1,657	3,244	3,808	6,629	7,633	9,151	10,349	11,620
Net Debt ¹	361.4	-2,430	-10,471	-18,418	-23,566	-33,943	-41,109	-47,197
Reference price ²	2.75	4.37	4.41	7.15	13.70	14.80	14.80	14.80
Nbr of stocks (in thousands)	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	-	-
Announcement Date	14/02/21	14/02/22	17/03/23	09/02/24	14/02/25	-	-	-

¹AED in Million²AED

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
EMAAR DEVELOPMENT	6.42x	1.02x	2.16x	5.05%	15.9B
EMAAR PROPERTIES	8.86x	1.92x	4.06x	6.76%	35.97B
SUN HUNG KAI PROPERTIES LIMITED	11.94x	4.37x	10.84x	4.15%	33.73B
CHINA RESOURCES LAND LIMITED	7.31x	1.18x	6.44x	4.88%	25.67B
MITSUI FUDOSAN CO., LTD.	14.15x	3.02x	15.16x	2.48%	25.36B
DLF LIMITED	48.16x	22.1x	68.52x	0.68%	24.37B
MITSUBISHI ESTATE CO., LTD.	16.65x	3.74x	15.1x	1.71%	22.52B
ALDAR PROPERTIES	11.27x	2.56x	8.31x	2.12%	20.81B
CHINA OVERSEAS LAND & INVESTMENT LIMITED	8.51x	1.23x	9.33x	4.16%	18.49B
Average	14.81x	4.57x	15.55x	3.55%	24.76B
Weighted average by Cap.	14.86x	4.66x	15.49x	3.71%