View ValuationEmaar Development PJSC 将来の成長Future 基準チェック /36Emaar Development PJSC利益と収益がそれぞれ年間9.2%と13.1%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に27% 6.4%なると予測されています。主要情報9.2%収益成長率6.42%EPS成長率Real Estate 収益成長5.5%収益成長率13.1%将来の株主資本利益率26.95%アナリストカバレッジGood最終更新日22 May 2026今後の成長に関する最新情報Major Estimate Revision • Feb 19Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from د.إ32.1b to د.إ38.2b. EPS estimate increased from د.إ3.08 to د.إ3.52 per share. Net income forecast to grow 25% next year vs 22% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target up from د.إ19.17 to د.إ20.77. Share price rose 2.4% to د.إ19.00 over the past week.Price Target Changed • Feb 11Price target increased by 7.7% to د.إ19.75Up from د.إ18.34, the current price target is an average from 10 analysts. New target price is 7.0% above last closing price of د.إ18.45. Stock is up 34% over the past year. The company is forecast to post earnings per share of د.إ2.41 for next year compared to د.إ1.91 last year.Major Estimate Revision • Nov 13Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.إ22.9b to د.إ24.8b. EPS estimate increased from د.إ2.16 to د.إ2.42 per share. Net income forecast to grow 10% next year vs 9.0% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ17.45. Share price rose 3.8% to د.إ15.20 over the past week.分析記事 • Nov 09Emaar Development PJSC Just Recorded A 56% EPS Beat: Here's What Analysts Are Forecasting NextEmaar Development PJSC ( DFM:EMAARDEV ) just released its latest third-quarter results and things are looking bullish...Major Estimate Revision • Aug 13Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from د.إ23.3b to د.إ21.4b. EPS estimate also fell from د.إ2.27 per share to د.إ1.89 per share. Net income forecast to shrink 0.8% next year vs 6.8% growth forecast for Real Estate industry in United Arab Emirates . Consensus price target broadly unchanged at د.إ16.27. Share price fell 5.2% to د.إ14.65 over the past week.Major Estimate Revision • Apr 26Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.إ23.2b to د.إ24.1b. EPS estimate increased from د.إ1.97 to د.إ2.25 per share. Net income forecast to grow 22% next year vs 9.9% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ14.62. Share price rose 7.4% to د.إ12.40 over the past week.すべての更新を表示Recent updatesReported Earnings • May 12First quarter 2026 earnings released: EPS: د.إ0.73 (vs د.إ0.48 in 1Q 2025)First quarter 2026 results: EPS: د.إ0.73 (up from د.إ0.48 in 1Q 2025). Revenue: د.إ6.86b (up 37% from 1Q 2025). Net income: د.إ2.92b (up 52% from 1Q 2025). Profit margin: 43% (up from 38% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 39% per year.Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Non-Executive Director Mohammed Al Muallem was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Upcoming Dividend • Mar 27Upcoming dividend of د.إ1.00 per shareEligible shareholders must have bought the stock before 03 April 2026. Payment date: 16 April 2026. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 7.2%. Within top quartile of Emirian dividend payers (7.1%). Higher than average of industry peers (6.4%).New Risk • Mar 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 6.0% 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 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 (6.0% average weekly change).Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to د.إ15.85, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 263% over the past three years.お知らせ • Mar 02Emaar Development PJSC, Annual General Meeting, Mar 26, 2026Emaar Development PJSC, Annual General Meeting, Mar 26, 2026, at 16:00 Arabian Standard Time. Location: dubai United Arab EmiratesMajor Estimate Revision • Feb 19Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from د.إ32.1b to د.إ38.2b. EPS estimate increased from د.إ3.08 to د.إ3.52 per share. Net income forecast to grow 25% next year vs 22% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target up from د.إ19.17 to د.إ20.77. Share price rose 2.4% to د.إ19.00 over the past week.分析記事 • Feb 18News Flash: Analysts Just Made A Captivating Upgrade To Their Emaar Development PJSC (DFM:EMAARDEV) ForecastsEmaar Development PJSC ( DFM:EMAARDEV ) shareholders will have a reason to smile today, with the analysts making...分析記事 • Feb 15Emaar Development PJSC (DFM:EMAARDEV) Will Pay A Larger Dividend Than Last Year At AED1.00Emaar Development PJSC ( DFM:EMAARDEV ) will increase its dividend from last year's comparable payment on the 1st of...Declared Dividend • Feb 14Dividend increased to د.إ1.00Dividend of د.إ1.00 is 47% higher than last year. Ex-date: 3rd April 2026 Payment date: 1st January 1970 Dividend yield will be 5.2%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 13Emaar Development PJSC announces Annual dividendEmaar Development PJSC announced Annual dividend of AED 1.0000 per share, ex-date on April 03, 2026 and record date on April 06, 2026.Reported Earnings • Feb 13Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: د.إ2.83 (up from د.إ1.91 in FY 2024). Revenue: د.إ27.5b (up 44% from FY 2024). Net income: د.إ11.3b (up 48% from FY 2024). Profit margin: 41% (up from 40% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Feb 11Price target increased by 7.7% to د.إ19.75Up from د.إ18.34, the current price target is an average from 10 analysts. New target price is 7.0% above last closing price of د.إ18.45. Stock is up 34% over the past year. The company is forecast to post earnings per share of د.إ2.41 for next year compared to د.إ1.91 last year.お知らせ • Feb 09Emaar Development PJSC to Report Fiscal Year 2025 Results on Feb 12, 2026Emaar Development PJSC announced that they will report fiscal year 2025 results on Feb 12, 2026分析記事 • Jan 27Market Cool On Emaar Development PJSC's (DFM:EMAARDEV) EarningsEmaar Development PJSC's ( DFM:EMAARDEV ) price-to-earnings (or "P/E") ratio of 6.8x might make it look like a buy...Major Estimate Revision • Nov 13Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.إ22.9b to د.إ24.8b. EPS estimate increased from د.إ2.16 to د.إ2.42 per share. Net income forecast to grow 10% next year vs 9.0% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ17.45. Share price rose 3.8% to د.إ15.20 over the past week.分析記事 • Nov 09Emaar Development PJSC Just Recorded A 56% EPS Beat: Here's What Analysts Are Forecasting NextEmaar Development PJSC ( DFM:EMAARDEV ) just released its latest third-quarter results and things are looking bullish...Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: د.إ0.81 (vs د.إ0.52 in 3Q 2024)Third quarter 2025 results: EPS: د.إ0.81 (up from د.إ0.52 in 3Q 2024). Revenue: د.إ7.71b (up 50% from 3Q 2024). Net income: د.إ3.25b (up 57% from 3Q 2024). Profit margin: 42% (up from 40% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Sep 04Cautious Investors Not Rewarding Emaar Development PJSC's (DFM:EMAARDEV) Performance CompletelyWith a price-to-earnings (or "P/E") ratio of 6.4x Emaar Development PJSC ( DFM:EMAARDEV ) may be sending bullish...Major Estimate Revision • Aug 13Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from د.إ23.3b to د.إ21.4b. EPS estimate also fell from د.إ2.27 per share to د.إ1.89 per share. Net income forecast to shrink 0.8% next year vs 6.8% growth forecast for Real Estate industry in United Arab Emirates . Consensus price target broadly unchanged at د.إ16.27. Share price fell 5.2% to د.إ14.65 over the past week.Reported Earnings • Aug 07Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: د.إ0.46 (up from د.إ0.30 in 2Q 2024). Revenue: د.إ4.91b (up 28% from 2Q 2024). Net income: د.إ1.84b (up 52% from 2Q 2024). Profit margin: 38% (up from 32% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 01Emaar Development PJSC to Report Q2, 2025 Results on Aug 06, 2025Emaar Development PJSC announced that they will report Q2, 2025 results After-Market on Aug 06, 2025Reported Earnings • May 09First quarter 2025 earnings released: EPS: د.إ0.48 (vs د.إ0.32 in 1Q 2024)First quarter 2025 results: EPS: د.إ0.48 (up from د.إ0.32 in 1Q 2024). Revenue: د.إ5.02b (up 43% from 1Q 2024). Net income: د.إ1.92b (up 48% from 1Q 2024). Profit margin: 38% (up from 37% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Apr 26Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.إ23.2b to د.إ24.1b. EPS estimate increased from د.إ1.97 to د.إ2.25 per share. Net income forecast to grow 22% next year vs 9.9% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ14.62. Share price rose 7.4% to د.إ12.40 over the past week.お知らせ • Feb 18Emaar Development PJSC announces Annual dividendEmaar Development PJSC announced Annual dividend of AED 0.6800 per share, ex-date on April 04, 2025 and record date on April 07, 2025.Reported Earnings • Feb 15Full year 2024 earnings released: EPS: د.إ1.91 (vs د.إ1.66 in FY 2023)Full year 2024 results: EPS: د.إ1.91 (up from د.إ1.66 in FY 2023). Revenue: د.إ19.1b (up 61% from FY 2023). Net income: د.إ7.63b (up 15% from FY 2023). Profit margin: 40% (down from 56% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 12Emaar Development PJSC to Report Fiscal Year 2024 Results on Feb 14, 2025Emaar Development PJSC announced that they will report fiscal year 2024 results on Feb 14, 2025Price Target Changed • Dec 20Price target increased by 9.3% to د.إ12.94Up from د.إ11.83, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of د.إ12.70. Stock is up 79% over the past year. The company is forecast to post earnings per share of د.إ1.66 for next year compared to د.إ1.66 last year.Price Target Changed • Dec 17Price target increased by 8.8% to د.إ12.33Up from د.إ11.33, the current price target is an average from 11 analysts. New target price is 11% below last closing price of د.إ13.80. Stock is up 93% over the past year. The company is forecast to post earnings per share of د.إ1.63 for next year compared to د.إ1.66 last year.New Risk • Dec 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 6.6% 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 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 (6.6% average weekly change).Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improves as stock rises 20%After last week's 20% share price gain to د.إ13.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 263% over the past three years.Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: د.إ0.52 (vs د.إ0.47 in 3Q 2023)Third quarter 2024 results: EPS: د.إ0.52 (up from د.إ0.47 in 3Q 2023). Revenue: د.إ5.14b (up 76% from 3Q 2023). Net income: د.إ2.07b (up 9.9% from 3Q 2023). Profit margin: 40% (down from 65% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 33% per year and the company’s share price has also increased by 33% per year.Major Estimate Revision • Aug 15Consensus revenue estimates increase by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from د.إ16.7b to د.إ19.9b. EPS estimate unchanged at د.إ1.67. Net income forecast to grow 4.1% next year vs 1.5% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ10.20. Share price was steady at د.إ8.15 over the past week.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: د.إ0.30 (vs د.إ0.28 in 2Q 2023)Second quarter 2024 results: EPS: د.إ0.30 (up from د.إ0.28 in 2Q 2023). Revenue: د.إ3.83b (up 84% from 2Q 2023). Net income: د.إ1.21b (up 7.9% from 2Q 2023). Profit margin: 32% (down from 54% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 30% per year.Major Estimate Revision • May 31Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.إ20.4b to د.إ17.2b. EPS estimate fell from د.إ1.80 to د.إ1.69 per share. Net income forecast to grow 1.1% next year vs 0.9% decline forecast for Real Estate industry in United Arab Emirates. Consensus price target of د.إ9.96 unchanged from last update. Share price was steady at د.إ7.42 over the past week.Major Estimate Revision • May 25Consensus revenue estimates decrease by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from د.إ20.4b to د.إ17.1b. EPS estimate unchanged at د.إ1.80 per share. Net income forecast to grow 1.1% next year vs 0.3% decline forecast for Real Estate industry in United Arab Emirates. Consensus price target of د.إ9.96 unchanged from last update. Share price was steady at د.إ7.55 over the past week.Major Estimate Revision • May 22Consensus revenue estimates increase by 35%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from د.إ15.1b to د.إ20.4b. EPS estimate increased from د.إ1.69 to د.إ1.80 per share. Net income forecast to grow 1.2% next year vs 0.9% decline forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ9.96. Share price was steady at د.إ7.79 over the past week.Reported Earnings • May 16First quarter 2024 earnings released: EPS: د.إ0.32 (vs د.إ0.26 in 1Q 2023)First quarter 2024 results: EPS: د.إ0.32 (up from د.إ0.26 in 1Q 2023). Revenue: د.إ3.51b (up 48% from 1Q 2023). Net income: د.إ1.29b (up 22% from 1Q 2023). Profit margin: 37% (down from 45% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 31% per year.お知らせ • Mar 26Emaar Development PJSC, Annual General Meeting, Apr 23, 2024Emaar Development PJSC, Annual General Meeting, Apr 23, 2024, at 12:00 Coordinated Universal Time. Location: Sky View Hotel, Skyview Ballroom, Emirate of Dubai United Arab Emirates Agenda: To receive and approve the report of the Board of Directors on the activities and financial position of the Company for the fiscal year ending 31stDecember2023; to receive and approve the Auditors' report for the fiscal year ending 31stDecember2023; to discuss and approve the Company's balance sheet and the profit and loss account for the fiscal year ending 31st December 2023; to consider and approve the remuneration of the members of the Board of Directors; to discharge the Auditors from liability for the fiscal year ending 31stDecember2023.Reported Earnings • Feb 10Full year 2023 earnings released: EPS: د.إ1.66 (vs د.إ0.95 in FY 2022)Full year 2023 results: EPS: د.إ1.66 (up from د.إ0.95 in FY 2022). Revenue: د.إ11.9b (up 3.3% from FY 2022). Net income: د.إ6.63b (up 74% from FY 2022). Profit margin: 56% (up from 33% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 36% per year and the company’s share price has also increased by 36% per year.Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Chairman of the Board Adnan Kazim was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.New Risk • Nov 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 5.8% 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 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 (5.8% average weekly change).Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: د.إ0.47 (vs د.إ0.16 in 3Q 2022)Third quarter 2023 results: EPS: د.إ0.47 (up from د.إ0.16 in 3Q 2022). Revenue: د.إ2.91b (up 42% from 3Q 2022). Net income: د.إ1.88b (up 190% from 3Q 2022). Profit margin: 65% (up from 32% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.إ5.64, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 177% over the past three years.Major Estimate Revision • Aug 22Consensus revenue estimates decrease by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from د.إ11.5b to د.إ9.79b. EPS estimate unchanged at د.إ0.998 per share. Net income forecast to grow 9.2% next year vs 19% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ7.24. Share price was steady at د.إ6.30 over the past week.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: د.إ0.28 (vs د.إ0.29 in 2Q 2022)Second quarter 2023 results: EPS: د.إ0.28 (down from د.إ0.29 in 2Q 2022). Revenue: د.إ2.08b (down 44% from 2Q 2022). Net income: د.إ1.12b (down 1.9% from 2Q 2022). Profit margin: 54% (up from 31% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.إ6.66, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 241% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at د.إ7.43 per share.Major Estimate Revision • May 26Consensus revenue estimates increase by 14%, EPS downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from د.إ9.61b to د.إ11.0b. EPS estimate fell from د.إ0.981 to د.إ0.94. Net income forecast to shrink 4.9% next year vs 2.8% decline forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ6.46. Share price fell 3.2% to د.إ5.12 over the past week.Major Estimate Revision • May 22Consensus revenue estimates decrease by 22%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from د.إ12.3b to د.إ9.61b. EPS estimate unchanged from د.إ0.98 per share at last update. Real Estate industry in United Arab Emirates expected to see average net income growth of 0.5% next year. Consensus price target broadly unchanged at د.إ6.47. Share price fell 3.9% to د.إ5.21 over the past week.Reported Earnings • May 12First quarter 2023 earnings released: EPS: د.إ0.27 (vs د.إ0.26 in 1Q 2022)First quarter 2023 results: EPS: د.إ0.27 (up from د.إ0.26 in 1Q 2022). Revenue: د.إ2.38b (down 33% from 1Q 2022). Net income: د.إ1.06b (flat on 1Q 2022). Profit margin: 45% (up from 29% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 19Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: د.إ0.95 (up from د.إ0.81 in FY 2021). Revenue: د.إ11.5b (down 26% from FY 2021). Net income: د.إ3.81b (up 17% from FY 2021). Profit margin: 33% (up from 21% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 2.9% decline forecast for the Real Estate industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.إ5.54, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at د.إ4.63 per share.Reported Earnings • Feb 17Full year 2022 earnings released: EPS: د.إ0.95 (vs د.إ0.81 in FY 2021)Full year 2022 results: EPS: د.إ0.95 (up from د.إ0.81 in FY 2021). Revenue: د.إ11.5b (down 26% from FY 2021). Net income: د.إ3.81b (up 17% from FY 2021). Profit margin: 33% (up from 21% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Dec 09Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from د.إ13.7b to د.إ13.1b. EPS estimate also fell from د.إ1.05 per share to د.إ0.94 per share. Net income forecast to grow 2.7% next year vs 9.8% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target of د.إ6.03 unchanged from last update. Share price was steady at د.إ4.18 over the past week.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman of the Board Adnan Kazim was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: د.إ0.29 (vs د.إ0.18 in 2Q 2021)Second quarter 2022 results: EPS: د.إ0.29 (up from د.إ0.18 in 2Q 2021). Revenue: د.إ3.71b (down 4.9% from 2Q 2021). Net income: د.إ1.14b (up 56% from 2Q 2021). Profit margin: 31% (up from 19% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 1.2% compared to a 3.4% growth forecast for the industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year.Major Estimate Revision • Jun 17Consensus EPS estimates increase by 34%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from د.إ13.3b to د.إ14.3b. EPS estimate increased from د.إ0.66 to د.إ0.89 per share. Net income forecast to shrink 21% next year vs 10% growth forecast for Real Estate industry in United Arab Emirates . Consensus price target up from د.إ5.24 to د.إ5.38. Share price was steady at د.إ4.42 over the past week.Major Estimate Revision • Jun 15Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from د.إ14.2b to د.إ12.1b. EPS estimate increased from د.إ0.66 to د.إ0.70 per share. Net income forecast to shrink 21% next year vs 10% growth forecast for Real Estate industry in United Arab Emirates . Consensus price target broadly unchanged at د.إ5.38. Share price fell 3.1% to د.إ4.35 over the past week.Reported Earnings • May 15First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: د.إ0.26 (up from د.إ0.20 in 1Q 2021). Revenue: د.إ3.57b (down 7.3% from 1Q 2021). Net income: د.إ1.05b (up 35% from 1Q 2021). Profit margin: 29% (up from 20% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is expected to shrink by 8.7% compared to a 17% growth forecast for the industry in United Arab Emirates. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Major Estimate Revision • May 11Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from د.إ13.6b to د.إ14.1b. EPS estimate increased from د.إ0.78 to د.إ0.90 per share. Net income forecast to shrink 5.9% next year vs 18% growth forecast for Real Estate industry in United Arab Emirates . Consensus price target broadly unchanged at د.إ5.38. Share price fell 3.5% to د.إ5.00 over the past week.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman of the Board Adnan Kazim was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Mar 31Consensus revenue estimates fall by 17%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from د.إ16.5b to د.إ13.6b. EPS estimate fell from د.إ0.79 to د.إ0.78 per share. Net income forecast to shrink 5.9% next year vs 18% growth forecast for Real Estate industry in United Arab Emirates . Consensus price target up from د.إ5.21 to د.إ5.32. Share price rose 3.5% to د.إ4.41 over the past week.Board Change • Mar 22Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman of the Board Adnan Kazim was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 18Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: د.إ0.81 (up from د.إ0.41 in FY 2020). Revenue: د.إ15.6b (up 60% from FY 2020). Net income: د.إ3.24b (up 96% from FY 2020). Profit margin: 21% (up from 17% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is expected to shrink by 11% compared to a 6.6% growth forecast for the industry in United Arab Emirates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Price Target Changed • Dec 21Price target increased to د.إ5.19Up from د.إ4.84, the current price target is an average from 8 analysts. New target price is 18% above last closing price of د.إ4.40. Stock is up 62% over the past year. The company is forecast to post earnings per share of د.إ0.73 for next year compared to د.إ0.41 last year.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS د.إ0.22 (vs د.إ0.08 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: د.إ3.85b (up 66% from 3Q 2020). Net income: د.إ871.6m (up 170% from 3Q 2020). Profit margin: 23% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Price Target Changed • Nov 08Price target increased to د.إ5.10Up from د.إ4.53, the current price target is an average from 7 analysts. New target price is 25% above last closing price of د.إ4.09. Stock is up 72% over the past year. The company is forecast to post earnings per share of د.إ0.69 for next year compared to د.إ0.41 last year.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS د.إ0.18 (vs د.إ0.097 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: د.إ3.91b (up 120% from 2Q 2020). Net income: د.إ731.5m (up 89% from 2Q 2020). Profit margin: 19% (down from 22% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Price Target Changed • Jun 21Price target increased to د.إ4.21Up from د.إ3.86, the current price target is an average from 8 analysts. New target price is 10% above last closing price of د.إ3.81. Stock is up 78% over the past year.Price Target Changed • Jun 14Price target increased to د.إ4.10Up from د.إ3.70, the current price target is an average from 8 analysts. New target price is 9.3% above last closing price of د.إ3.75. Stock is up 74% over the past year.Major Estimate Revision • Jun 08Consensus EPS estimates increase to د.إ0.56The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from د.إ11.1b to د.إ11.4b. EPS estimate increased from د.إ0.46 to د.إ0.56 per share. Net income forecast to grow 32% next year vs 29% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target up from د.إ3.70 to د.إ3.86. Share price rose 2.2% to د.إ3.72 over the past week.Major Estimate Revision • May 24Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from د.إ10.8b to د.إ11.1b. EPS estimate fell from د.إ0.56 to د.إ0.46 per share. Net income forecast to grow 28% next year vs 28% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target up from د.إ3.40 to د.إ3.70. Share price rose 13% to د.إ3.57 over the past week.Price Target Changed • May 23Price target increased to د.إ3.70Up from د.إ3.40, the current price target is an average from 7 analysts. New target price is 5.6% above last closing price of د.إ3.50. Stock is up 82% over the past year.Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to د.إ3.45, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Real Estate industry in Asia. Total loss to shareholders of 28% over the past three years.Reported Earnings • May 12First quarter 2021 earnings released: EPS د.إ0.20 (vs د.إ0.16 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: د.إ3.85b (up 26% from 1Q 2020). Net income: د.إ780.9m (up 20% from 1Q 2020). Profit margin: 20% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year.業績と収益の成長予測DFM:EMAARDEV - アナリストの将来予測と過去の財務データ ( )AED Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202840,98715,42116,02012,820312/31/202739,56914,39111,8219,387712/31/202634,78112,0585,5874,40523/31/202629,31812,32120,13820,148N/A12/31/202527,48611,31621,04221,050N/A9/30/202524,31210,06918,10618,114N/A6/30/202521,7388,88819,18419,190N/A3/31/202520,6648,25817,16717,171N/A12/31/202419,1477,63310,94610,951N/A9/30/202417,0307,1408,4448,447N/A6/30/202414,8046,9536,6686,674N/A3/31/202413,0536,8646,3566,363N/A12/31/202311,9216,6299,7599,765N/A9/30/20239,5715,02912,99913,006N/A6/30/20238,7143,79510,58610,588N/A3/31/202310,3483,8169,7769,777N/A12/31/202211,5413,8088,6168,616N/A9/30/202213,3383,6996,5386,537N/A6/30/202215,1303,9227,0907,089N/A3/31/202215,3223,5145,5565,555N/A12/31/202115,6023,2444,1974,197N/A9/30/202114,2292,6833,5103,513N/A6/30/202112,6952,1342,3572,359N/A3/31/202110,5611,7891,7401,740N/A12/31/20209,7581,657428428N/A9/30/202010,2541,989-29-28N/A6/30/202011,3272,353-45-40N/A3/31/202012,4502,598-2,710-2,699N/A12/31/201912,7462,700N/A-2,366N/A9/30/201915,0253,473N/A-3,223N/A6/30/201914,6803,467N/A-3,568N/A3/31/201915,5093,833N/A-1,379N/A12/31/201815,4333,901N/A-1,818N/A9/30/201812,3883,135N/A-2,045N/A6/30/201812,6623,478N/A28N/A3/31/201810,4553,056N/A-1,694N/A12/31/20178,8632,743N/A787N/A9/30/20178,2772,621N/A452N/A12/31/20166,8992,112N/A-31N/A12/31/20155,2531,742N/A2,200N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: EMAARDEVの予測収益成長率 (年間9.2% ) は 貯蓄率 ( 15.1% ) を下回っています。収益対市場: EMAARDEVの収益 ( 9.2% ) はAE市場 ( 5.5% ) よりも速いペースで成長すると予測されています。高成長収益: EMAARDEVの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: EMAARDEVの収益 ( 13.1% ) AE市場 ( 8.3% ) よりも速いペースで成長すると予測されています。高い収益成長: EMAARDEVの収益 ( 13.1% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: EMAARDEVの 自己資本利益率 は、3年後には高くなると予測されています ( 27 %)成長企業の発掘7D1Y7D1Y7D1YReal-estate-management-and-development 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/26 20:38終値2026/05/25 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Emaar Development PJSC 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。12 アナリスト機関Belhassen AchourAlphaMenaKais KriaaAlphaMenaMohamad HaidarArqaam Capital Research Offshore S.A.L.9 その他のアナリストを表示
Major Estimate Revision • Feb 19Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from د.إ32.1b to د.إ38.2b. EPS estimate increased from د.إ3.08 to د.إ3.52 per share. Net income forecast to grow 25% next year vs 22% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target up from د.إ19.17 to د.إ20.77. Share price rose 2.4% to د.إ19.00 over the past week.
Price Target Changed • Feb 11Price target increased by 7.7% to د.إ19.75Up from د.إ18.34, the current price target is an average from 10 analysts. New target price is 7.0% above last closing price of د.إ18.45. Stock is up 34% over the past year. The company is forecast to post earnings per share of د.إ2.41 for next year compared to د.إ1.91 last year.
Major Estimate Revision • Nov 13Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.إ22.9b to د.إ24.8b. EPS estimate increased from د.إ2.16 to د.إ2.42 per share. Net income forecast to grow 10% next year vs 9.0% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ17.45. Share price rose 3.8% to د.إ15.20 over the past week.
分析記事 • Nov 09Emaar Development PJSC Just Recorded A 56% EPS Beat: Here's What Analysts Are Forecasting NextEmaar Development PJSC ( DFM:EMAARDEV ) just released its latest third-quarter results and things are looking bullish...
Major Estimate Revision • Aug 13Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from د.إ23.3b to د.إ21.4b. EPS estimate also fell from د.إ2.27 per share to د.إ1.89 per share. Net income forecast to shrink 0.8% next year vs 6.8% growth forecast for Real Estate industry in United Arab Emirates . Consensus price target broadly unchanged at د.إ16.27. Share price fell 5.2% to د.إ14.65 over the past week.
Major Estimate Revision • Apr 26Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.إ23.2b to د.إ24.1b. EPS estimate increased from د.إ1.97 to د.إ2.25 per share. Net income forecast to grow 22% next year vs 9.9% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ14.62. Share price rose 7.4% to د.إ12.40 over the past week.
Reported Earnings • May 12First quarter 2026 earnings released: EPS: د.إ0.73 (vs د.إ0.48 in 1Q 2025)First quarter 2026 results: EPS: د.إ0.73 (up from د.إ0.48 in 1Q 2025). Revenue: د.إ6.86b (up 37% from 1Q 2025). Net income: د.إ2.92b (up 52% from 1Q 2025). Profit margin: 43% (up from 38% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 39% per year.
Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Non-Executive Director Mohammed Al Muallem was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Upcoming Dividend • Mar 27Upcoming dividend of د.إ1.00 per shareEligible shareholders must have bought the stock before 03 April 2026. Payment date: 16 April 2026. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 7.2%. Within top quartile of Emirian dividend payers (7.1%). Higher than average of industry peers (6.4%).
New Risk • Mar 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 6.0% 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 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 (6.0% average weekly change).
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to د.إ15.85, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 263% over the past three years.
お知らせ • Mar 02Emaar Development PJSC, Annual General Meeting, Mar 26, 2026Emaar Development PJSC, Annual General Meeting, Mar 26, 2026, at 16:00 Arabian Standard Time. Location: dubai United Arab Emirates
Major Estimate Revision • Feb 19Consensus revenue estimates increase by 19%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from د.إ32.1b to د.إ38.2b. EPS estimate increased from د.إ3.08 to د.إ3.52 per share. Net income forecast to grow 25% next year vs 22% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target up from د.إ19.17 to د.إ20.77. Share price rose 2.4% to د.إ19.00 over the past week.
分析記事 • Feb 18News Flash: Analysts Just Made A Captivating Upgrade To Their Emaar Development PJSC (DFM:EMAARDEV) ForecastsEmaar Development PJSC ( DFM:EMAARDEV ) shareholders will have a reason to smile today, with the analysts making...
分析記事 • Feb 15Emaar Development PJSC (DFM:EMAARDEV) Will Pay A Larger Dividend Than Last Year At AED1.00Emaar Development PJSC ( DFM:EMAARDEV ) will increase its dividend from last year's comparable payment on the 1st of...
Declared Dividend • Feb 14Dividend increased to د.إ1.00Dividend of د.إ1.00 is 47% higher than last year. Ex-date: 3rd April 2026 Payment date: 1st January 1970 Dividend yield will be 5.2%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 13Emaar Development PJSC announces Annual dividendEmaar Development PJSC announced Annual dividend of AED 1.0000 per share, ex-date on April 03, 2026 and record date on April 06, 2026.
Reported Earnings • Feb 13Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: د.إ2.83 (up from د.إ1.91 in FY 2024). Revenue: د.إ27.5b (up 44% from FY 2024). Net income: د.إ11.3b (up 48% from FY 2024). Profit margin: 41% (up from 40% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Feb 11Price target increased by 7.7% to د.إ19.75Up from د.إ18.34, the current price target is an average from 10 analysts. New target price is 7.0% above last closing price of د.إ18.45. Stock is up 34% over the past year. The company is forecast to post earnings per share of د.إ2.41 for next year compared to د.إ1.91 last year.
お知らせ • Feb 09Emaar Development PJSC to Report Fiscal Year 2025 Results on Feb 12, 2026Emaar Development PJSC announced that they will report fiscal year 2025 results on Feb 12, 2026
分析記事 • Jan 27Market Cool On Emaar Development PJSC's (DFM:EMAARDEV) EarningsEmaar Development PJSC's ( DFM:EMAARDEV ) price-to-earnings (or "P/E") ratio of 6.8x might make it look like a buy...
Major Estimate Revision • Nov 13Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.إ22.9b to د.إ24.8b. EPS estimate increased from د.إ2.16 to د.إ2.42 per share. Net income forecast to grow 10% next year vs 9.0% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ17.45. Share price rose 3.8% to د.إ15.20 over the past week.
分析記事 • Nov 09Emaar Development PJSC Just Recorded A 56% EPS Beat: Here's What Analysts Are Forecasting NextEmaar Development PJSC ( DFM:EMAARDEV ) just released its latest third-quarter results and things are looking bullish...
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: د.إ0.81 (vs د.إ0.52 in 3Q 2024)Third quarter 2025 results: EPS: د.إ0.81 (up from د.إ0.52 in 3Q 2024). Revenue: د.إ7.71b (up 50% from 3Q 2024). Net income: د.إ3.25b (up 57% from 3Q 2024). Profit margin: 42% (up from 40% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Sep 04Cautious Investors Not Rewarding Emaar Development PJSC's (DFM:EMAARDEV) Performance CompletelyWith a price-to-earnings (or "P/E") ratio of 6.4x Emaar Development PJSC ( DFM:EMAARDEV ) may be sending bullish...
Major Estimate Revision • Aug 13Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from د.إ23.3b to د.إ21.4b. EPS estimate also fell from د.إ2.27 per share to د.إ1.89 per share. Net income forecast to shrink 0.8% next year vs 6.8% growth forecast for Real Estate industry in United Arab Emirates . Consensus price target broadly unchanged at د.إ16.27. Share price fell 5.2% to د.إ14.65 over the past week.
Reported Earnings • Aug 07Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: د.إ0.46 (up from د.إ0.30 in 2Q 2024). Revenue: د.إ4.91b (up 28% from 2Q 2024). Net income: د.إ1.84b (up 52% from 2Q 2024). Profit margin: 38% (up from 32% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 01Emaar Development PJSC to Report Q2, 2025 Results on Aug 06, 2025Emaar Development PJSC announced that they will report Q2, 2025 results After-Market on Aug 06, 2025
Reported Earnings • May 09First quarter 2025 earnings released: EPS: د.إ0.48 (vs د.إ0.32 in 1Q 2024)First quarter 2025 results: EPS: د.إ0.48 (up from د.إ0.32 in 1Q 2024). Revenue: د.إ5.02b (up 43% from 1Q 2024). Net income: د.إ1.92b (up 48% from 1Q 2024). Profit margin: 38% (up from 37% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Apr 26Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.إ23.2b to د.إ24.1b. EPS estimate increased from د.إ1.97 to د.إ2.25 per share. Net income forecast to grow 22% next year vs 9.9% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ14.62. Share price rose 7.4% to د.إ12.40 over the past week.
お知らせ • Feb 18Emaar Development PJSC announces Annual dividendEmaar Development PJSC announced Annual dividend of AED 0.6800 per share, ex-date on April 04, 2025 and record date on April 07, 2025.
Reported Earnings • Feb 15Full year 2024 earnings released: EPS: د.إ1.91 (vs د.إ1.66 in FY 2023)Full year 2024 results: EPS: د.إ1.91 (up from د.إ1.66 in FY 2023). Revenue: د.إ19.1b (up 61% from FY 2023). Net income: د.إ7.63b (up 15% from FY 2023). Profit margin: 40% (down from 56% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 12Emaar Development PJSC to Report Fiscal Year 2024 Results on Feb 14, 2025Emaar Development PJSC announced that they will report fiscal year 2024 results on Feb 14, 2025
Price Target Changed • Dec 20Price target increased by 9.3% to د.إ12.94Up from د.إ11.83, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of د.إ12.70. Stock is up 79% over the past year. The company is forecast to post earnings per share of د.إ1.66 for next year compared to د.إ1.66 last year.
Price Target Changed • Dec 17Price target increased by 8.8% to د.إ12.33Up from د.إ11.33, the current price target is an average from 11 analysts. New target price is 11% below last closing price of د.إ13.80. Stock is up 93% over the past year. The company is forecast to post earnings per share of د.إ1.63 for next year compared to د.إ1.66 last year.
New Risk • Dec 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 6.6% 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 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 (6.6% average weekly change).
Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improves as stock rises 20%After last week's 20% share price gain to د.إ13.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 263% over the past three years.
Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: د.إ0.52 (vs د.إ0.47 in 3Q 2023)Third quarter 2024 results: EPS: د.إ0.52 (up from د.إ0.47 in 3Q 2023). Revenue: د.إ5.14b (up 76% from 3Q 2023). Net income: د.إ2.07b (up 9.9% from 3Q 2023). Profit margin: 40% (down from 65% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 33% per year and the company’s share price has also increased by 33% per year.
Major Estimate Revision • Aug 15Consensus revenue estimates increase by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from د.إ16.7b to د.إ19.9b. EPS estimate unchanged at د.إ1.67. Net income forecast to grow 4.1% next year vs 1.5% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ10.20. Share price was steady at د.إ8.15 over the past week.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: د.إ0.30 (vs د.إ0.28 in 2Q 2023)Second quarter 2024 results: EPS: د.إ0.30 (up from د.إ0.28 in 2Q 2023). Revenue: د.إ3.83b (up 84% from 2Q 2023). Net income: د.إ1.21b (up 7.9% from 2Q 2023). Profit margin: 32% (down from 54% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 30% per year.
Major Estimate Revision • May 31Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.إ20.4b to د.إ17.2b. EPS estimate fell from د.إ1.80 to د.إ1.69 per share. Net income forecast to grow 1.1% next year vs 0.9% decline forecast for Real Estate industry in United Arab Emirates. Consensus price target of د.إ9.96 unchanged from last update. Share price was steady at د.إ7.42 over the past week.
Major Estimate Revision • May 25Consensus revenue estimates decrease by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from د.إ20.4b to د.إ17.1b. EPS estimate unchanged at د.إ1.80 per share. Net income forecast to grow 1.1% next year vs 0.3% decline forecast for Real Estate industry in United Arab Emirates. Consensus price target of د.إ9.96 unchanged from last update. Share price was steady at د.إ7.55 over the past week.
Major Estimate Revision • May 22Consensus revenue estimates increase by 35%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from د.إ15.1b to د.إ20.4b. EPS estimate increased from د.إ1.69 to د.إ1.80 per share. Net income forecast to grow 1.2% next year vs 0.9% decline forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ9.96. Share price was steady at د.إ7.79 over the past week.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: د.إ0.32 (vs د.إ0.26 in 1Q 2023)First quarter 2024 results: EPS: د.إ0.32 (up from د.إ0.26 in 1Q 2023). Revenue: د.إ3.51b (up 48% from 1Q 2023). Net income: د.إ1.29b (up 22% from 1Q 2023). Profit margin: 37% (down from 45% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 31% per year.
お知らせ • Mar 26Emaar Development PJSC, Annual General Meeting, Apr 23, 2024Emaar Development PJSC, Annual General Meeting, Apr 23, 2024, at 12:00 Coordinated Universal Time. Location: Sky View Hotel, Skyview Ballroom, Emirate of Dubai United Arab Emirates Agenda: To receive and approve the report of the Board of Directors on the activities and financial position of the Company for the fiscal year ending 31stDecember2023; to receive and approve the Auditors' report for the fiscal year ending 31stDecember2023; to discuss and approve the Company's balance sheet and the profit and loss account for the fiscal year ending 31st December 2023; to consider and approve the remuneration of the members of the Board of Directors; to discharge the Auditors from liability for the fiscal year ending 31stDecember2023.
Reported Earnings • Feb 10Full year 2023 earnings released: EPS: د.إ1.66 (vs د.إ0.95 in FY 2022)Full year 2023 results: EPS: د.إ1.66 (up from د.إ0.95 in FY 2022). Revenue: د.إ11.9b (up 3.3% from FY 2022). Net income: د.إ6.63b (up 74% from FY 2022). Profit margin: 56% (up from 33% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 36% per year and the company’s share price has also increased by 36% per year.
Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Chairman of the Board Adnan Kazim was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
New Risk • Nov 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 5.8% 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 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 (5.8% average weekly change).
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: د.إ0.47 (vs د.إ0.16 in 3Q 2022)Third quarter 2023 results: EPS: د.إ0.47 (up from د.إ0.16 in 3Q 2022). Revenue: د.إ2.91b (up 42% from 3Q 2022). Net income: د.إ1.88b (up 190% from 3Q 2022). Profit margin: 65% (up from 32% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to د.إ5.64, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 177% over the past three years.
Major Estimate Revision • Aug 22Consensus revenue estimates decrease by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from د.إ11.5b to د.إ9.79b. EPS estimate unchanged at د.إ0.998 per share. Net income forecast to grow 9.2% next year vs 19% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ7.24. Share price was steady at د.إ6.30 over the past week.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: د.إ0.28 (vs د.إ0.29 in 2Q 2022)Second quarter 2023 results: EPS: د.إ0.28 (down from د.إ0.29 in 2Q 2022). Revenue: د.إ2.08b (down 44% from 2Q 2022). Net income: د.إ1.12b (down 1.9% from 2Q 2022). Profit margin: 54% (up from 31% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.إ6.66, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 241% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at د.إ7.43 per share.
Major Estimate Revision • May 26Consensus revenue estimates increase by 14%, EPS downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from د.إ9.61b to د.إ11.0b. EPS estimate fell from د.إ0.981 to د.إ0.94. Net income forecast to shrink 4.9% next year vs 2.8% decline forecast for Real Estate industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ6.46. Share price fell 3.2% to د.إ5.12 over the past week.
Major Estimate Revision • May 22Consensus revenue estimates decrease by 22%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from د.إ12.3b to د.إ9.61b. EPS estimate unchanged from د.إ0.98 per share at last update. Real Estate industry in United Arab Emirates expected to see average net income growth of 0.5% next year. Consensus price target broadly unchanged at د.إ6.47. Share price fell 3.9% to د.إ5.21 over the past week.
Reported Earnings • May 12First quarter 2023 earnings released: EPS: د.إ0.27 (vs د.إ0.26 in 1Q 2022)First quarter 2023 results: EPS: د.إ0.27 (up from د.إ0.26 in 1Q 2022). Revenue: د.إ2.38b (down 33% from 1Q 2022). Net income: د.إ1.06b (flat on 1Q 2022). Profit margin: 45% (up from 29% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 19Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: د.إ0.95 (up from د.إ0.81 in FY 2021). Revenue: د.إ11.5b (down 26% from FY 2021). Net income: د.إ3.81b (up 17% from FY 2021). Profit margin: 33% (up from 21% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 2.9% decline forecast for the Real Estate industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.إ5.54, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at د.إ4.63 per share.
Reported Earnings • Feb 17Full year 2022 earnings released: EPS: د.إ0.95 (vs د.إ0.81 in FY 2021)Full year 2022 results: EPS: د.إ0.95 (up from د.إ0.81 in FY 2021). Revenue: د.إ11.5b (down 26% from FY 2021). Net income: د.إ3.81b (up 17% from FY 2021). Profit margin: 33% (up from 21% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Dec 09Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from د.إ13.7b to د.إ13.1b. EPS estimate also fell from د.إ1.05 per share to د.إ0.94 per share. Net income forecast to grow 2.7% next year vs 9.8% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target of د.إ6.03 unchanged from last update. Share price was steady at د.إ4.18 over the past week.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman of the Board Adnan Kazim was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: د.إ0.29 (vs د.إ0.18 in 2Q 2021)Second quarter 2022 results: EPS: د.إ0.29 (up from د.إ0.18 in 2Q 2021). Revenue: د.إ3.71b (down 4.9% from 2Q 2021). Net income: د.إ1.14b (up 56% from 2Q 2021). Profit margin: 31% (up from 19% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 1.2% compared to a 3.4% growth forecast for the industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year.
Major Estimate Revision • Jun 17Consensus EPS estimates increase by 34%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from د.إ13.3b to د.إ14.3b. EPS estimate increased from د.إ0.66 to د.إ0.89 per share. Net income forecast to shrink 21% next year vs 10% growth forecast for Real Estate industry in United Arab Emirates . Consensus price target up from د.إ5.24 to د.إ5.38. Share price was steady at د.إ4.42 over the past week.
Major Estimate Revision • Jun 15Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from د.إ14.2b to د.إ12.1b. EPS estimate increased from د.إ0.66 to د.إ0.70 per share. Net income forecast to shrink 21% next year vs 10% growth forecast for Real Estate industry in United Arab Emirates . Consensus price target broadly unchanged at د.إ5.38. Share price fell 3.1% to د.إ4.35 over the past week.
Reported Earnings • May 15First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: د.إ0.26 (up from د.إ0.20 in 1Q 2021). Revenue: د.إ3.57b (down 7.3% from 1Q 2021). Net income: د.إ1.05b (up 35% from 1Q 2021). Profit margin: 29% (up from 20% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is expected to shrink by 8.7% compared to a 17% growth forecast for the industry in United Arab Emirates. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Major Estimate Revision • May 11Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from د.إ13.6b to د.إ14.1b. EPS estimate increased from د.إ0.78 to د.إ0.90 per share. Net income forecast to shrink 5.9% next year vs 18% growth forecast for Real Estate industry in United Arab Emirates . Consensus price target broadly unchanged at د.إ5.38. Share price fell 3.5% to د.إ5.00 over the past week.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman of the Board Adnan Kazim was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Mar 31Consensus revenue estimates fall by 17%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from د.إ16.5b to د.إ13.6b. EPS estimate fell from د.إ0.79 to د.إ0.78 per share. Net income forecast to shrink 5.9% next year vs 18% growth forecast for Real Estate industry in United Arab Emirates . Consensus price target up from د.إ5.21 to د.إ5.32. Share price rose 3.5% to د.إ4.41 over the past week.
Board Change • Mar 22Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman of the Board Adnan Kazim was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 18Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: د.إ0.81 (up from د.إ0.41 in FY 2020). Revenue: د.إ15.6b (up 60% from FY 2020). Net income: د.إ3.24b (up 96% from FY 2020). Profit margin: 21% (up from 17% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is expected to shrink by 11% compared to a 6.6% growth forecast for the industry in United Arab Emirates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Price Target Changed • Dec 21Price target increased to د.إ5.19Up from د.إ4.84, the current price target is an average from 8 analysts. New target price is 18% above last closing price of د.إ4.40. Stock is up 62% over the past year. The company is forecast to post earnings per share of د.إ0.73 for next year compared to د.إ0.41 last year.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS د.إ0.22 (vs د.إ0.08 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: د.إ3.85b (up 66% from 3Q 2020). Net income: د.إ871.6m (up 170% from 3Q 2020). Profit margin: 23% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Price Target Changed • Nov 08Price target increased to د.إ5.10Up from د.إ4.53, the current price target is an average from 7 analysts. New target price is 25% above last closing price of د.إ4.09. Stock is up 72% over the past year. The company is forecast to post earnings per share of د.إ0.69 for next year compared to د.إ0.41 last year.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS د.إ0.18 (vs د.إ0.097 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: د.إ3.91b (up 120% from 2Q 2020). Net income: د.إ731.5m (up 89% from 2Q 2020). Profit margin: 19% (down from 22% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Price Target Changed • Jun 21Price target increased to د.إ4.21Up from د.إ3.86, the current price target is an average from 8 analysts. New target price is 10% above last closing price of د.إ3.81. Stock is up 78% over the past year.
Price Target Changed • Jun 14Price target increased to د.إ4.10Up from د.إ3.70, the current price target is an average from 8 analysts. New target price is 9.3% above last closing price of د.إ3.75. Stock is up 74% over the past year.
Major Estimate Revision • Jun 08Consensus EPS estimates increase to د.إ0.56The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from د.إ11.1b to د.إ11.4b. EPS estimate increased from د.إ0.46 to د.إ0.56 per share. Net income forecast to grow 32% next year vs 29% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target up from د.إ3.70 to د.إ3.86. Share price rose 2.2% to د.إ3.72 over the past week.
Major Estimate Revision • May 24Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from د.إ10.8b to د.إ11.1b. EPS estimate fell from د.إ0.56 to د.إ0.46 per share. Net income forecast to grow 28% next year vs 28% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target up from د.إ3.40 to د.إ3.70. Share price rose 13% to د.إ3.57 over the past week.
Price Target Changed • May 23Price target increased to د.إ3.70Up from د.إ3.40, the current price target is an average from 7 analysts. New target price is 5.6% above last closing price of د.إ3.50. Stock is up 82% over the past year.
Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to د.إ3.45, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Real Estate industry in Asia. Total loss to shareholders of 28% over the past three years.
Reported Earnings • May 12First quarter 2021 earnings released: EPS د.إ0.20 (vs د.إ0.16 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: د.إ3.85b (up 26% from 1Q 2020). Net income: د.إ780.9m (up 20% from 1Q 2020). Profit margin: 20% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year.