New Risk • May 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.5% per year for the foreseeable future. Minor Risks High level of debt (66% net debt to equity). Large one-off items impacting financial results. Upcoming Dividend • Mar 11
Upcoming dividend of د.إ0.088 per share Eligible shareholders must have bought the stock before 18 March 2026. Payment date: 26 March 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Emirian dividend payers (6.5%). Lower than average of industry peers (5.9%). Buy Or Sell Opportunity • Mar 05
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to د.إ3.75. The fair value is estimated to be د.إ3.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are forecast to decline by 1.3% per annum over the same time period. Aankondiging • Feb 18
TECOM Group PJSC, Annual General Meeting, Mar 10, 2026 TECOM Group PJSC, Annual General Meeting, Mar 10, 2026, at 15:00 Arabian Standard Time. Location: dubai United Arab Emirates Price Target Changed • Feb 12
Price target increased by 8.7% to د.إ4.61 Up from د.إ4.24, the current price target is an average from 6 analysts. New target price is 13% above last closing price of د.إ4.09. Stock is up 34% over the past year. The company is forecast to post earnings per share of د.إ0.32 for next year compared to د.إ0.42 last year. Reported Earnings • Feb 03
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: د.إ0.42 (up from د.إ0.25 in FY 2024). Revenue: د.إ2.86b (up 19% from FY 2024). Net income: د.إ2.09b (up 70% from FY 2024). Profit margin: 73% (up from 51% in FY 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 44%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Aankondiging • Jan 28
TECOM Group PJSC to Report Fiscal Year 2025 Results on Feb 02, 2026 TECOM Group PJSC announced that they will report fiscal year 2025 results at 11:00 AM, Coordinated Universal Time on Feb 02, 2026 Buy Or Sell Opportunity • Jan 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.9% to د.إ3.44. The fair value is estimated to be د.إ2.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 7.9% per annum over the same time period. New Risk • Nov 01
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 0% Dividend yield: 4.9% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 High level of debt (67% net debt to equity). Dividend is not well covered by earnings (0% payout ratio). Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: د.إ0.07 (vs د.إ0.068 in 3Q 2024) Third quarter 2025 results: EPS: د.إ0.07 (up from د.إ0.068 in 3Q 2024). Revenue: د.إ724.2m (up 19% from 3Q 2024). Net income: د.إ373.2m (up 9.9% from 3Q 2024). Profit margin: 52% (down from 56% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% 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 15% per year whereas the company’s share price has increased by 12% per year. Aankondiging • Oct 27
TECOM Group PJSC to Report Nine Months, 2025 Results on Oct 30, 2025 TECOM Group PJSC announced that they will report nine months, 2025 results on Oct 30, 2025 Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: د.إ0.08 (vs د.إ0.062 in 2Q 2024) Second quarter 2025 results: EPS: د.إ0.08 (up from د.إ0.062 in 2Q 2024). Revenue: د.إ709.4m (up 22% from 2Q 2024). Net income: د.إ376.6m (up 21% from 2Q 2024). Profit margin: 53% (in line with 2Q 2024). Revenue is forecast to grow 5.0% 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 17% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to د.إ3.43. The fair value is estimated to be د.إ2.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period. Aankondiging • Jul 29
TECOM Group PJSC to Report First Half, 2025 Results on Jul 31, 2025 TECOM Group PJSC announced that they will report first half, 2025 results on Jul 31, 2025 Buy Or Sell Opportunity • Jun 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.2% to د.إ3.22. The fair value is estimated to be د.إ2.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Major Estimate Revision • May 14
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from د.إ2.62b to د.إ2.69b. EPS estimate increased from د.إ0.254 to د.إ0.28 per share. Net income forecast to grow 3.4% next year vs 14% growth forecast for Real Estate industry in United Arab Emirates. Consensus price target up from د.إ3.69 to د.إ3.77. Share price was steady at د.إ3.11 over the past week. Reported Earnings • May 03
First quarter 2025 earnings released: EPS: د.إ0.07 (vs د.إ0.059 in 1Q 2024) First quarter 2025 results: EPS: د.إ0.07 (up from د.إ0.059 in 1Q 2024). Revenue: د.إ679.7m (up 21% from 1Q 2024). Net income: د.إ360.9m (up 23% from 1Q 2024). Profit margin: 53% (up from 52% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Real Estate industry in United Arab Emirates. Aankondiging • Apr 30
TECOM Group PJSC to Report Q1, 2025 Results on May 01, 2025 TECOM Group PJSC announced that they will report Q1, 2025 results on May 01, 2025 Buy Or Sell Opportunity • Apr 29
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at د.إ3.13. The fair value is estimated to be د.إ2.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 7.0% per annum over the same time period. Buy Or Sell Opportunity • Mar 11
Now 23% overvalued Over the last 90 days, the stock has fallen 4.5% to د.إ2.98. The fair value is estimated to be د.إ2.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 7.4% per annum over the same time period. Buy Or Sell Opportunity • Feb 12
Now 23% overvalued Over the last 90 days, the stock has fallen 2.2% to د.إ3.05. The fair value is estimated to be د.إ2.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 8.4% in the next 2 years. Aankondiging • Feb 07
TECOM Group PJSC, Annual General Meeting, Mar 10, 2025 TECOM Group PJSC, Annual General Meeting, Mar 10, 2025. Reported Earnings • Feb 06
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: د.إ0.25 (up from د.إ0.22 in FY 2023). Revenue: د.إ2.40b (up 11% from FY 2023). Net income: د.إ1.23b (up 14% from FY 2023). Profit margin: 51% (up from 50% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Real Estate industry in United Arab Emirates. Aankondiging • Jan 28
TECOM Group PJSC to Report Fiscal Year 2024 Results on Jan 30, 2025 TECOM Group PJSC announced that they will report fiscal year 2024 results on Jan 30, 2025 Buy Or Sell Opportunity • Jan 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.8% to د.إ3.30. The fair value is estimated to be د.إ2.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period. Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: د.إ0.07 (vs د.إ0.057 in 3Q 2023) Third quarter 2024 results: EPS: د.إ0.07 (up from د.إ0.057 in 3Q 2023). Revenue: د.إ610.9m (up 13% from 3Q 2023). Net income: د.إ339.6m (up 20% from 3Q 2023). Profit margin: 56% (up from 52% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Buy Or Sell Opportunity • Aug 22
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 6.1% to د.إ2.95. The fair value is estimated to be د.إ2.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last year. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 3.4% per annum over the same time period. Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: د.إ0.06 (vs د.إ0.046 in 2Q 2023) Second quarter 2024 results: EPS: د.إ0.06 (up from د.إ0.046 in 2Q 2023). Revenue: د.إ583.7m (up 9.1% from 2Q 2023). Net income: د.إ310.5m (up 35% from 2Q 2023). Profit margin: 53% (up from 43% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Aankondiging • Jul 29
TECOM Group PJSC to Report First Half, 2024 Results on Aug 01, 2024 TECOM Group PJSC announced that they will report first half, 2024 results on Aug 01, 2024 Buy Or Sell Opportunity • Jul 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.1% to د.إ2.73. The fair value is estimated to be د.إ2.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period. Aankondiging • May 05
TECOM Group PJSC to Report Q1, 2024 Results on May 02, 2024 TECOM Group PJSC announced that they will report Q1, 2024 results on May 02, 2024 Reported Earnings • May 03
First quarter 2024 earnings released: EPS: د.إ0.06 (vs د.إ0.051 in 1Q 2023) First quarter 2024 results: EPS: د.إ0.06 (up from د.إ0.051 in 1Q 2023). Revenue: د.إ564.0m (up 9.8% from 1Q 2023). Net income: د.إ292.5m (up 15% from 1Q 2023). Profit margin: 52% (up from 50% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Reported Earnings • Feb 01
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: د.إ0.22 (up from د.إ0.19 in FY 2022). Revenue: د.إ2.17b (up 9.9% from FY 2022). Net income: د.إ1.08b (up 49% from FY 2022). Profit margin: 50% (up from 37% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 7.3%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Real Estate industry in United Arab Emirates. Aankondiging • Nov 02
TECOM Group PJSC to Report Q3, 2023 Results on Oct 31, 2023 TECOM Group PJSC announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: د.إ0.06 (vs د.إ0.042 in 3Q 2022) Third quarter 2023 results: EPS: د.إ0.06 (up from د.إ0.042 in 3Q 2022). Revenue: د.إ540.9m (up 10% from 3Q 2022). Net income: د.إ283.0m (up 34% from 3Q 2022). Profit margin: 52% (up from 43% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Real Estate industry in United Arab Emirates. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: د.إ0.05 (vs د.إ0.047 in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.05. Revenue: د.إ535.1m (up 6.1% from 2Q 2022). Net income: د.إ229.4m (down 3.4% from 2Q 2022). Profit margin: 43% (down from 47% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Real Estate industry in United Arab Emirates. Aankondiging • May 05
TECOM Group PJSC to Report Q1, 2023 Results on May 03, 2023 TECOM Group PJSC announced that they will report Q1, 2023 results at 9:30 AM, Arabian Standard Time on May 03, 2023 Reported Earnings • May 04
First quarter 2023 earnings: Revenues exceed analyst expectations First quarter 2023 results: Revenue: د.إ513.8m (up 5.9% from 1Q 2022). Net income: د.إ255.1m (up 34% from 1Q 2022). Profit margin: 50% (up from 39% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 15%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Real Estate industry in United Arab Emirates. Reported Earnings • Feb 12
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: د.إ0.19. Revenue: د.إ1.97b (up 12% from FY 2021). Net income: د.إ725.6m (up 28% from FY 2021). Profit margin: 37% (up from 32% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Real Estate industry in United Arab Emirates. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Vice Chairman Arif Alharmi Albastaki was the last director to join the board, commencing their role in 2012. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Vice Chairman Arif Alharmi Albastaki was the last director to join the board, commencing their role in 2012. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.