Deyaar Development PJSC's (DFM:DEYAAR) Price Is Right But Growth Is Lacking After Shares Rocket 37%
Nov 26
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Emirati (ADX) Real Estate Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies16
- 7D0.1%
- 3M29.9%
- 1Y59.4%
- YTD0.4%
Over the last 7 days, the Real Estate industry has dropped 1.3%, driven by a pullback from Aldar Properties PJSC of 1.6%. Over the past 12 months, the industry was up 58%. As for the next few years, earnings are expected to grow by 9.6% per annum.
Sector Valuation and Performance
Has the Emirati Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | د.إ266.4b | د.إ76.1b | د.إ26.2b | 8.9x | 10.2x | 3.5x |
| Thu, 19 Dec 2024 | د.إ256.1b | د.إ76.1b | د.إ26.2b | 8.8x | 9.8x | 3.4x |
| Sat, 16 Nov 2024 | د.إ224.8b | د.إ76.0b | د.إ26.2b | 7.4x | 8.6x | 3x |
| Mon, 14 Oct 2024 | د.إ202.6b | د.إ68.2b | د.إ25.6b | 6.2x | 7.9x | 3x |
| Wed, 11 Sep 2024 | د.إ204.1b | د.إ68.2b | د.إ25.6b | 6.3x | 8x | 3x |
| Fri, 09 Aug 2024 | د.إ193.9b | د.إ64.7b | د.إ24.9b | 6.4x | 7.8x | 3x |
| Sun, 07 Jul 2024 | د.إ185.3b | د.إ62.5b | د.إ24.4b | 6.7x | 7.6x | 3x |
| Tue, 04 Jun 2024 | د.إ171.9b | د.إ62.5b | د.إ24.4b | 6.8x | 7x | 2.7x |
| Thu, 02 May 2024 | د.إ179.1b | د.إ60.8b | د.إ24.6b | 7.3x | 7.3x | 2.9x |
| Sat, 30 Mar 2024 | د.إ182.7b | د.إ58.2b | د.إ23.9b | 8x | 7.6x | 3.1x |
| Mon, 26 Feb 2024 | د.إ175.8b | د.إ58.3b | د.إ23.8b | 10.7x | 7.4x | 3x |
| Wed, 24 Jan 2024 | د.إ164.9b | د.إ51.8b | د.إ19.3b | 13.5x | 8.5x | 3.2x |
| Fri, 22 Dec 2023 | د.إ169.4b | د.إ51.7b | د.إ19.2b | 13.4x | 8.8x | 3.3x |
| Sun, 19 Nov 2023 | د.إ165.6b | د.إ51.7b | د.إ19.1b | 12.4x | 8.7x | 3.2x |
| Tue, 17 Oct 2023 | د.إ164.7b | د.إ49.1b | د.إ16.2b | 10.9x | 10.2x | 3.4x |
| Thu, 14 Sep 2023 | د.إ163.1b | د.إ49.1b | د.إ16.2b | 10.8x | 10.1x | 3.3x |
| Sat, 12 Aug 2023 | د.إ160.5b | د.إ49.1b | د.إ16.2b | 10.7x | 9.9x | 3.3x |
| Mon, 10 Jul 2023 | د.إ159.9b | د.إ50.8b | د.إ16.1b | 12x | 9.9x | 3.1x |
| Wed, 07 Jun 2023 | د.إ145.1b | د.إ50.8b | د.إ16.1b | 13.7x | 9x | 2.9x |
| Fri, 05 May 2023 | د.إ145.3b | د.إ52.0b | د.إ15.1b | 14.5x | 9.6x | 2.8x |
| Sun, 02 Apr 2023 | د.إ136.2b | د.إ51.6b | د.إ15.0b | 11x | 9.1x | 2.6x |
| Tue, 28 Feb 2023 | د.إ132.0b | د.إ51.4b | د.إ14.0b | 10.3x | 9.4x | 2.6x |
| Thu, 26 Jan 2023 | د.إ134.7b | د.إ55.1b | د.إ13.9b | 10.1x | 9.7x | 2.4x |
| Sat, 24 Dec 2022 | د.إ128.7b | د.إ55.1b | د.إ13.7b | 9.8x | 9.4x | 2.3x |
| Mon, 21 Nov 2022 | د.إ132.2b | د.إ53.2b | د.إ13.0b | 9.9x | 10.2x | 2.5x |
| Wed, 19 Oct 2022 | د.إ131.8b | د.إ55.8b | د.إ12.3b | 13.2x | 10.7x | 2.4x |
| Fri, 16 Sep 2022 | د.إ138.2b | د.إ55.8b | د.إ12.3b | 14.1x | 11.2x | 2.5x |
| Sun, 14 Aug 2022 | د.إ130.8b | د.إ55.4b | د.إ11.1b | 13.7x | 11.8x | 2.4x |
| Tue, 12 Jul 2022 | د.إ120.3b | د.إ55.1b | د.إ10.5b | 10.9x | 11.5x | 2.2x |
| Thu, 09 Jun 2022 | د.إ129.8b | د.إ58.0b | د.إ10.0b | 12.7x | 13x | 2.2x |
| Sat, 07 May 2022 | د.إ143.6b | د.إ57.6b | د.إ7.9b | 15.9x | 18.1x | 2.5x |
| Mon, 04 Apr 2022 | د.إ131.0b | د.إ56.9b | د.إ7.8b | 14.7x | 16.7x | 2.3x |
| Wed, 02 Mar 2022 | د.إ152.1b | د.إ61.7b | د.إ9.7b | 12.7x | 15.7x | 2.5x |
| Fri, 28 Jan 2022 | د.إ148.1b | د.إ59.6b | د.إ8.2b | 13.4x | 18x | 2.5x |
Price to Earnings Ratio
18x
Current Industry PE
- Investors are relatively neutral on the Emirian Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 10.1x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 47% per year over the last three years.
- Revenues for these companies have grown 8.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Emirati Real Estate sector?
| AE Market | -0.0071% | |
| Real Estate | 0.10% | |
| Real Estate | 0.11% | |
| Specialized REITs | 0% | 0 |
| Residential REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Industrial REITs | 0% | 0 |
| Health Care REITs | 0% | 0 |
| Retail REITs | 0% | 0 |
| Office REITs | 0% | 0 |
| REITS | -1.10% | |
Industry PE
- Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 10.1x.
- Analysts are expecting annual earnings growth of 9.8%, which is lower than the prior year's growth of 46.8% per year.
- Investors are most pessimistic about the REITS industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 1.4x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 9.8% over the next 5 years.
- However this is lower than its past earnings growth rate of 47% per year.
- In contrast, the REITS industry is expected to see its earnings decline by 60% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EMAAR Emaar Properties PJSC | د.إ13.25 | 4.3% +د.إ4.9b | 79.1% | PE9.8x | |
| EMAARDEV Emaar Development PJSC | د.إ14.10 | 2.9% +د.إ1.6b | 113.6% | PE7.9x | |
| RAKPROP RAK Properties PJSC | د.إ1.17 | 4.5% +د.إ147.9m | -9.9% | PE15.9x | |
| ESHRAQ Eshraq Investments PJSC | د.إ0.35 | 3.5% +د.إ32.2m | -16.0% | PS55.2x | |
| ARAM ARAM Group Company P.J.S.C | د.إ1.81 | 0.6% +د.إ789.0k | -50.8% | PS17.5x |