Valuation Emaar Development

Equities

Market Closed - Dubai FM Other stock markets 14:59:33 11/05/2026 +04			5-day change	1st Jan Change
14.88 ^AED	-2.11%		+2.76%	-1.78%

03:48pm	UAE Stocks in Red as US Rejects Iran's Response to Peace Plan	MT
11:50am	Emaar Development PJSC Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	17,480	17,640	28,600	54,800	60,600	60,800	-	-
Change	-	0.92%	62.13%	91.61%	10.58%	0.33%	-	-
Enterprise Value (EV) ¹	15,050	7,169	10,182	31,234	19,294	10,755	1,541	-10,833
Change	-	-52.36%	42.02%	206.76%	-38.23%	-44.26%	-85.67%	-803%
P/E ratio	5.4x	4.64x	4.31x	7.17x	5.35x	5.07x	4.17x	4.95x
PBR	1.21x	0.96x	1.25x	1.93x	1.63x	1.31x	1.06x	0.77x
PEG	-	0.3x	0.1x	0.5x	0.1x	0.85x	0.2x	-0.3x
Capitalization / Revenue	1.12x	1.53x	2.4x	2.86x	2.2x	1.97x	1.53x	1.48x
EV / Revenue	0.96x	0.62x	0.85x	1.63x	0.7x	0.35x	0.04x	-0.26x
EV / EBITDA	3.62x	1.7x	1.27x	3.31x	1.35x	0.72x	0.08x	-0.57x
EV / EBIT	3.69x	1.81x	1.41x	3.45x	1.44x	0.73x	0.09x	-0.74x
EV / FCF	3.59x	0.83x	1.04x	2.85x	0.92x	2.46x	0.13x	-0.68x
FCF Yield	27.9%	120%	95.8%	35%	109%	40.7%	772%	-148%
Dividend per Share ²	-	0.52	0.5205	0.68	1	0.9992	1.248	1
Rate of return	-	11.8%	7.28%	4.96%	6.6%	6.57%	8.21%	6.58%
EPS ²	0.81	0.95	1.66	1.91	2.83	2.998	3.647	3.07
Distribution rate	-	54.7%	31.4%	35.6%	35.3%	33.3%	34.2%	32.6%
Net sales ¹	15,602	11,541	11,921	19,147	27,486	30,938	39,618	41,130
EBITDA ¹	4,154	4,224	7,987	9,423	14,331	14,907	18,701	18,881
EBIT ¹	4,081	3,954	7,237	9,047	13,432	14,759	17,918	14,551
Net income ¹	3,244	3,808	6,629	7,633	11,316	12,115	14,289	15,092
Net Debt ¹	-2,430	-10,471	-18,418	-23,566	-41,306	-50,045	-59,259	-71,633
Reference price ²	4.37	4.41	7.15	13.70	15.15	15.20	15.20	15.20
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	14/02/22	17/03/23	09/02/24	14/02/25	12/02/26	-	-	-

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	5.07x	0.35x	0.72x	6.57%	16.55B
VINGROUP	153.53x	-	-	-	64.41B
VINHOMES	12.92x	3.78x	11.26x	-.--%	25.6B
VONOVIA SE	7.73x	16.6x	19.23x	5.72%	22.21B
DEUTSCHE WOHNEN SE	9.66x	-	-	6.11%	9.33B
CHINA VANKE CO., LTD.	-2.8x	2.02x	71.41x	-.--%	6.61B
OPEN HOUSE GROUP CO., LTD.	8.48x	0.86x	7.04x	2.3%	6.45B
QUZHOU XIN'AN DEVELOPMENT CO., LTD.	18.32x	-	-	-	6.37B
LEG IMMOBILIEN SE	5.46x	14.4x	21.05x	5.25%	5.19B
IIDA GROUP HOLDINGS CO., LTD.	10.05x	0.5x	6.68x	4.61%	3.9B
Average	22.84x	5.50x	19.63x	3.82%	16.66B
Weighted average by Cap.	64.73x	6.55x	15.95x	3.68%