Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: د.إ0.12 (vs د.إ0.12 in 1Q 2025) First quarter 2026 results: EPS: د.إ0.12 (up from د.إ0.12 in 1Q 2025). Revenue: د.إ288.5m (up 4.4% from 1Q 2025). Net income: د.إ18.6m (up 5.9% from 1Q 2025). Profit margin: 6.5% (up from 6.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Apr 22
Palms Sports PJSC (ADX:PALMS) acquired 45% stake in Thai T-shirt Factory Company Limited for AED 1.47 million. Palms Sports PJSC (ADX:PALMS) acquired 45% stake in Thai T-shirt Factory Company Limited for AED 1.47 million on February 12, 2026. A cash consideration of AED 1.47 million will be paid by Palms Sports PJSC. As part of consideration, AED 1.47 million is paid towards common equity of Thai T-shirt Factory Company Limited.
Palms Sports PJSC (ADX:PALMS) completed the acquisition of 45% stake in Thai T-shirt Factory Company Limited on February 12, 2026. Buy Or Sell Opportunity • Apr 17
Now 20% overvalued Over the last 90 days, the stock has fallen 14% to د.إ6.80. The fair value is estimated to be د.إ5.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has declined by 3.4%. Reported Earnings • Jan 22
Full year 2025 earnings released: EPS: د.إ0.77 (vs د.إ0.73 in FY 2024) Full year 2025 results: EPS: د.إ0.77 (up from د.إ0.73 in FY 2024). Revenue: د.إ1.16b (up 11% from FY 2024). Net income: د.إ115.6m (up 5.5% from FY 2024). Profit margin: 10.0% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. New Risk • Jan 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: د.إ0.26 (vs د.إ0.26 in 3Q 2024) Third quarter 2025 results: EPS: د.إ0.26 (up from د.إ0.26 in 3Q 2024). Revenue: د.إ284.8m (up 10% from 3Q 2024). Net income: د.إ38.8m (flat on 3Q 2024). Profit margin: 14% (down from 15% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 9% per year. Announcement • Oct 15
Palms Sports PJSC to Report Q3, 2025 Results on Oct 20, 2025 Palms Sports PJSC announced that they will report Q3, 2025 results on Oct 20, 2025 New Risk • Aug 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Emirian stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to د.إ8.80, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 26x in the Entertainment industry in Asia. Total loss to shareholders of 3.3% over the past three years. Reported Earnings • Jul 23
Second quarter 2025 earnings released: EPS: د.إ0.19 (vs د.إ0.15 in 2Q 2024) Second quarter 2025 results: EPS: د.إ0.19 (up from د.إ0.15 in 2Q 2024). Revenue: د.إ280.9m (up 11% from 2Q 2024). Net income: د.إ27.8m (up 23% from 2Q 2024). Profit margin: 9.9% (up from 8.9% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. New Risk • Jul 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Announcement • Jul 15
Palms Sports PJSC to Report Q2, 2025 Results on Jul 21, 2025 Palms Sports PJSC announced that they will report Q2, 2025 results on Jul 21, 2025 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to د.إ8.40, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 26x in the Entertainment industry in Asia. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to د.إ8.06, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 25x in the Entertainment industry in Asia. Total loss to shareholders of 21% over the past three years. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: د.إ0.12 (vs د.إ0.10 in 1Q 2024) First quarter 2025 results: EPS: د.إ0.12 (up from د.إ0.10 in 1Q 2024). Revenue: د.إ276.3m (up 7.0% from 1Q 2024). Net income: د.إ17.6m (up 12% from 1Q 2024). Profit margin: 6.4% (up from 6.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to د.إ7.15, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 23x in the Entertainment industry in Asia. Total loss to shareholders of 33% over the past three years. New Risk • Mar 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Emirian stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: 129% Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to د.إ7.40, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 28x in the Entertainment industry in Asia. Total loss to shareholders of 28% over the past three years. Upcoming Dividend • Feb 17
Upcoming dividend of د.إ0.33 per share Eligible shareholders must have bought the stock before 21 February 2025. Payment date: 12 March 2025. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 7.7%. Within top quartile of Emirian dividend payers (6.2%). Higher than average of industry peers (1.5%). Declared Dividend • Feb 03
Dividend of د.إ0.21 announced Shareholders will receive a dividend of د.إ0.21. Ex-date: 21st February 2025 Payment date: 1st January 1970 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) nor is it covered by cash flows (129% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 6.4% to bring the payout ratio under control. However, EPS has declined by 26% over the last 5 years so the company would need to reverse this trend. Announcement • Jan 31
Palms Sports PJSC, Annual General Meeting, Feb 12, 2025 Palms Sports PJSC, Annual General Meeting, Feb 12, 2025, at 16:00 Arabian Standard Time. Location: abu dhabi United Arab Emirates Reported Earnings • Jan 24
Full year 2024 earnings released: EPS: د.إ0.73 (vs د.إ0.70 in FY 2023) Full year 2024 results: EPS: د.إ0.73 (up from د.إ0.70 in FY 2023). Revenue: د.إ1.05b (up 82% from FY 2023). Net income: د.إ109.6m (up 4.1% from FY 2023). Profit margin: 10% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to د.إ8.90, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 31x in the Entertainment industry in Asia. Total loss to shareholders of 22% over the past three years. New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (96% payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Reported Earnings • Oct 20
Third quarter 2024 earnings released: EPS: د.إ0.26 (vs د.إ0.32 in 3Q 2023) Third quarter 2024 results: EPS: د.إ0.26 (down from د.إ0.32 in 3Q 2023). Revenue: د.إ257.9m (up 50% from 3Q 2023). Net income: د.إ38.6m (down 19% from 3Q 2023). Profit margin: 15% (down from 28% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 20
Second quarter 2024 earnings released: EPS: د.إ0.15 (vs د.إ0.14 in 2Q 2023) Second quarter 2024 results: EPS: د.إ0.15 (up from د.إ0.14 in 2Q 2023). Revenue: د.إ253.6m (up 213% from 2Q 2023). Net income: د.إ22.6m (up 5.6% from 2Q 2023). Profit margin: 8.9% (down from 26% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jul 20
Palms Sports PJSC to Report Q2, 2024 Results on Jul 18, 2024 Palms Sports PJSC announced that they will report Q2, 2024 results on Jul 18, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: د.إ0.10 (vs د.إ0.057 in 1Q 2023) First quarter 2024 results: EPS: د.إ0.10 (up from د.إ0.057 in 1Q 2023). Revenue: د.إ258.3m (up 207% from 1Q 2023). Net income: د.إ15.7m (up 82% from 1Q 2023). Profit margin: 6.1% (down from 10% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Apr 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Emirian stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (18% net profit margin). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to د.إ10.20, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 25x in the Entertainment industry in Asia. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to د.إ14.68, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 27x in the Entertainment industry in Asia. Total loss to shareholders of 6.1% over the past three years. Announcement • Feb 07
Palms Sports PJSC (ADX:PALMS) acquired Learn Education. Palms Sports PJSC (ADX:PALMS) acquired Learn Education on February 6, 2024.Palms Sports PJSC (ADX:PALMS) completed the acquisition of Learn Education on February 6, 2024. Announcement • Feb 02
Palms Sports PJSC, Annual General Meeting, Feb 05, 2024 Palms Sports PJSC, Annual General Meeting, Feb 05, 2024, at 12:00 Coordinated Universal Time. Agenda: To authorize the Chairman of the AGM to appoint the meeting secretary and the vote collector; to review and approve the report of the Board of Directors on the Company's activity, its financial position and its corporate governance report for the financial year ended on 31 December 2023; to review and approve the Auditors' report for the financial year ended on 31 December 2023; to discuss and approve the Company's balance sheet and profit and loss statement for the financial year ended on 31 December 2023; to discharge the members of the Board of Directors from liability for their activities for the financial year ended on 31 December 2023; to discharge the Auditors for their activities for the financial year ended on 31 December 2023; and to consider other matters. Reported Earnings • Jan 20
Full year 2023 earnings released: EPS: د.إ0.70 (vs د.إ0.89 in FY 2022) Full year 2023 results: EPS: د.إ0.70 (down from د.إ0.89 in FY 2022). Revenue: د.إ576.5m (up 91% from FY 2022). Net income: د.إ105.3m (down 21% from FY 2022). Profit margin: 18% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Nov 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Emirian stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 21
Third quarter 2023 earnings released: EPS: د.إ0.32 (vs د.إ0.23 in 3Q 2022) Third quarter 2023 results: EPS: د.إ0.32 (up from د.إ0.23 in 3Q 2022). Revenue: د.إ172.3m (up 115% from 3Q 2022). Net income: د.إ47.8m (up 38% from 3Q 2022). Profit margin: 28% (down from 43% in 3Q 2022). The decrease in margin was driven by higher expenses. Announcement • Sep 20
Palms Sports PJSC announced that it expects to receive AED 199.95 million in funding Palms Sports PJSC announced a private placement of 15,000,000 shares at an issue price of AED 13.33 per share for gross proceeds of AED 199,950,000 on September 18, 2023. The transaction will include participation from new investor, ICE Holding RSC LTD. The company's share capital will increase to AED 165,000,000 from AED150,000,000, from the issuance of new shares. The transaction is pending approval by the board of directors of the company, at a board meeting to be held on September 21, 2023. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to د.إ12.34, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 27x in the Entertainment industry in Asia. Total returns to shareholders of 21% over the past year. Reported Earnings • Jul 19
Second quarter 2023 earnings released: EPS: د.إ0.14 (vs د.إ0.18 in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.14 (down from د.إ0.18 in 2Q 2022). Revenue: د.إ81.2m (up 20% from 2Q 2022). Net income: د.إ21.4m (down 21% from 2Q 2022). Profit margin: 26% (down from 40% in 2Q 2022). The decrease in margin was driven by higher expenses. Announcement • Jul 07
Palms Sports PJSC (ADX:PALMS) completed the acquisition of Securiguard Middle East - L L C for AED 300 million. Palms Sports PJSC (ADX:PALMS) signed a share purchase agreement to acquire Securiguard Middle East - L L C from shareholders for AED 300 million on July 5, 2023. The transaction is subject to regulatory approvals.
Palms Sports PJSC (ADX:PALMS) completed the acquisition of Securiguard Middle East - L L C from shareholders on July 5, 2023. Reported Earnings • Apr 20
First quarter 2023 earnings released: EPS: د.إ0.057 (vs د.إ0.13 in 1Q 2022) First quarter 2023 results: EPS: د.إ0.057 (down from د.إ0.13 in 1Q 2022). Revenue: د.إ84.1m (up 25% from 1Q 2022). Net income: د.إ8.61m (down 57% from 1Q 2022). Profit margin: 10% (down from 30% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Jan 19
Full year 2022 earnings released: EPS: د.إ0.89 (vs د.إ0.61 in FY 2021) Full year 2022 results: EPS: د.إ0.89 (up from د.إ0.61 in FY 2021). Revenue: د.إ301.9m (up 12% from FY 2021). Net income: د.إ133.3m (up 45% from FY 2021). Profit margin: 44% (up from 34% in FY 2021). Buying Opportunity • Jan 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.5%. The fair value is estimated to be د.إ12.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last 3 years. Earnings per share has declined by 67%. Announcement • Dec 29
Palms Sports PJSC Provides Revenue Guidance for the Fourth Quarter of 2022 Palms Sports PJSC provided revenue guidance for the fourth quarter of 2022. For the year, the company is targeting AED 285 million in revenue. Announcement • Dec 22
Palms Sports PJSC, Annual General Meeting, Jan 16, 2023 Palms Sports PJSC, Annual General Meeting, Jan 16, 2023, at 12:00 Coordinated Universal Time. Agenda: To consider approve, by a Special Resolution, to amend Articles No. 2, 9, 14-2, 16, 17-1, 17-2, 17-3,17-4, 19, 20-2, 21-1, 30, 35-1, 36-2, 39-1, 42, 43, 45-2, 46-1, 49-1, 50-2, 52-1, 56-3, 56-4, 58 and 64 of the Company's' Articles of Association; and to consider amendment of Articles of association. Buying Opportunity • Dec 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 8.1%. The fair value is estimated to be د.إ12.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last 3 years. Earnings per share has declined by 67%. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Nov 05
Now 20% undervalued Over the last 90 days, the stock is up 8.4%. The fair value is estimated to be د.إ13.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last 3 years. Earnings per share has declined by 67%. Reported Earnings • Oct 23
Third quarter 2022 earnings released: EPS: د.إ0.23 (vs د.إ0.11 in 3Q 2021) Third quarter 2022 results: EPS: د.إ0.23 (up from د.إ0.11 in 3Q 2021). Revenue: د.إ80.0m (up 22% from 3Q 2021). Net income: د.إ34.6m (up 109% from 3Q 2021). Profit margin: 43% (up from 25% in 3Q 2021). Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 17% share price gain to د.إ10.80, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 20x in the Entertainment industry in Asia. Total loss to shareholders of 25% over the past year. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: د.إ0.18 (vs د.إ0.13 in 2Q 2021) Second quarter 2022 results: EPS: د.إ0.18 (up from د.إ0.13 in 2Q 2021). Revenue: د.إ67.4m (down 1.3% from 2Q 2021). Net income: د.إ27.3m (up 39% from 2Q 2021). Profit margin: 40% (up from 29% in 2Q 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 17% share price gain to د.إ13.00, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 21x in the Entertainment industry in Asia. Total loss to shareholders of 2.3% over the past year. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: د.إ0.13 (vs د.إ0.10 in 1Q 2021) First quarter 2022 results: EPS: د.إ0.13 (up from د.إ0.10 in 1Q 2021). Revenue: د.إ67.2m (flat on 1Q 2021). Net income: د.إ20.1m (up 34% from 1Q 2021). Profit margin: 30% (up from 22% in 1Q 2021). Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 20% share price gain to د.إ14.40, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 20x in the Entertainment industry in Asia. Total returns to shareholders of 2.7% over the past year. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 16% share price gain to د.إ12.76, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 22x in the Entertainment industry in Asia. Total loss to shareholders of 22% over the past year. Announcement • Feb 18
Palms Sports PJSC (ADX:PALMS) acquired 60% stake in Direct Trading LLC. Palms Sports PJSC (ADX:PALMS) acquired 60% stake in Direct Trading LLC on February 17, 2022.
Palms Sports PJSC (ADX:PALMS) completed the acquisition of 60% stake in Direct Trading LLC on February 17, 2022. Reported Earnings • Jan 14
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.إ0.61 (up from د.إ0.55 in FY 2020). Revenue: د.إ270.3m (down 7.2% from FY 2020). Net income: د.إ91.8m (up 11% from FY 2020). Profit margin: 34% (up from 28% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Reported Earnings • Oct 16
Third quarter 2021 earnings released: EPS د.إ0.11 (vs د.إ0.11 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: د.إ65.5m (down 3.9% from 3Q 2020). Net income: د.إ16.6m (up 2.3% from 3Q 2020). Profit margin: 25% (up from 24% in 3Q 2020). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 18% share price gain to د.إ15.92, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 24x in the Entertainment industry in Asia. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 18% share price gain to د.إ14.20, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 21x in the Entertainment industry in Asia.