Reported Earnings • May 05
First quarter 2026 earnings released: EPS: ر.ق0.089 (vs ر.ق0.039 in 1Q 2025) First quarter 2026 results: EPS: ر.ق0.089 (up from ر.ق0.039 in 1Q 2025). Revenue: ر.ق1.46b (up 11% from 1Q 2025). Net income: ر.ق331.8m (up 90% from 1Q 2025). Profit margin: 23% (up from 13% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.ق3.80, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 15x in the Construction industry in Asia. Total returns to shareholders of 138% over the past three years. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: ر.ق0.26 (vs ر.ق0.11 in FY 2024) Full year 2025 results: EPS: ر.ق0.26 (up from ر.ق0.11 in FY 2024). Revenue: ر.ق6.49b (up 54% from FY 2024). Net income: ر.ق989.8m (up 145% from FY 2024). Profit margin: 15% (up from 9.6% in FY 2024). The increase in margin was driven by higher revenue. 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 38% per year. Aankondiging • Mar 13
Estithmar Holding Q.P.S.C., Annual General Meeting, Apr 12, 2026 Estithmar Holding Q.P.S.C., Annual General Meeting, Apr 12, 2026, at 17:00 Arab Standard Time. Aankondiging • Feb 25
Estithmar Holding Q.P.S.C. to Report Fiscal Year 2025 Results on Mar 10, 2026 Estithmar Holding Q.P.S.C. announced that they will report fiscal year 2025 results on Mar 10, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: ر.ق0.064 (vs ر.ق0.031 in 3Q 2024) Third quarter 2025 results: EPS: ر.ق0.064 (up from ر.ق0.031 in 3Q 2024). Revenue: ر.ق1.83b (up 40% from 3Q 2024). Net income: ر.ق240.3m (up 110% from 3Q 2024). Profit margin: 13% (up from 8.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Construction industry in Asia. 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 38% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Sep 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Qatari stocks, typically moving 4.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (4.5% average weekly change). Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.ق4.22, the stock trades at a trailing P/E ratio of 23.6x. Average forward P/E is 13x in the Construction industry in Asia. Total returns to shareholders of 94% over the past three years. Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: ر.ق0.083 (vs ر.ق0.029 in 2Q 2024) Second quarter 2025 results: EPS: ر.ق0.083 (up from ر.ق0.029 in 2Q 2024). Revenue: ر.ق1.76b (up 108% from 2Q 2024). Net income: ر.ق312.6m (up 186% from 2Q 2024). Profit margin: 18% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: ر.ق0.047 (vs ر.ق0.03 in 1Q 2024) First quarter 2025 results: EPS: ر.ق0.047 (up from ر.ق0.03 in 1Q 2024). Revenue: ر.ق1.31b (up 64% from 1Q 2024). Net income: ر.ق174.8m (up 56% from 1Q 2024). Profit margin: 13% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Aankondiging • Apr 16
Estithmar Holding Q.P.S.C. to Report Q1, 2025 Results on Apr 21, 2025 Estithmar Holding Q.P.S.C. announced that they will report Q1, 2025 results on Apr 21, 2025 Aankondiging • Apr 09
Estithmar Holding Q.P.S.C.: Announces Chief Executive Officer Changes Estithmar Holding Q.P.S.C. announced resignation of Mr. Mohamed Bin Badr Al-Sadah as the company's chief executive officer. The board of directors has appointed of Mr. Juan Leon as his successor, with full executive authority as CEO, effective April 9, 2025, during the board of directors meeting held April 8, 2025. Mr. Juan Leon brings over 25 years of experience across diverse sectors, including Healthcare, Real Estate, Services, Information and communication Technology, Media and major sports events. He has held a wide range of senior and managerial roles spanning key corporate functions such as sales, operations, compliance and governance, consistently driving business growth, strategic transformation, and operational excellence. Mr. Leon completed advanced executive education at Harvard business school - advanced management program and HEC paris - global executive in business management. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.ق2.16, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 14x in the Construction industry in Asia. Total returns to shareholders of 22% over the past year. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.ق2.17, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 15x in the Construction industry in Asia. Total returns to shareholders of 14% over the past year. Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: ر.ق0.12 (vs ر.ق0.10 in FY 2023) Full year 2024 results: EPS: ر.ق0.12 (up from ر.ق0.10 in FY 2023). Revenue: ر.ق4.22b (up 44% from FY 2023). Net income: ر.ق404.3m (up 16% from FY 2023). Profit margin: 9.6% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Aankondiging • Jan 30
Estithmar Holding Q.P.S.C. to Report Fiscal Year 2024 Results on Feb 13, 2025 Estithmar Holding Q.P.S.C. announced that they will report fiscal year 2024 results at 1:15 PM, Arabian Standard Time on Feb 13, 2025 New Risk • Dec 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Qatari stocks, typically moving 2.9% 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: Major Risk Debt is not well covered by operating cash flow (0.1% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (2.9% average weekly change). New Risk • Nov 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 0.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: ر.ق0.034 (vs ر.ق0.03 in 3Q 2023) Third quarter 2024 results: EPS: ر.ق0.034 (up from ر.ق0.03 in 3Q 2023). Revenue: ر.ق1.31b (up 76% from 3Q 2023). Net income: ر.ق114.7m (up 11% from 3Q 2023). Profit margin: 8.8% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Aankondiging • Oct 17
Estithmar Holding Q.P.S.C. to Report Q3, 2024 Results on Oct 28, 2024 Estithmar Holding Q.P.S.C. announced that they will report Q3, 2024 results on Oct 28, 2024 Aankondiging • Jul 30
Estithmar Holding Q.P.S.C. to Report Q2, 2024 Results on Aug 06, 2024 Estithmar Holding Q.P.S.C. announced that they will report Q2, 2024 results on Aug 06, 2024 Buy Or Sell Opportunity • Jul 01
Now 6.2% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to ر.ق1.97. The fair value is estimated to be ر.ق1.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last year, while earnings per share has been flat. Buy Or Sell Opportunity • Jun 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to ر.ق1.97. The fair value is estimated to be ر.ق1.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last year, while earnings per share has been flat. Buy Or Sell Opportunity • May 30
Now 22% overvalued Over the last 90 days, the stock has fallen 1.5% to ر.ق1.95. The fair value is estimated to be ر.ق1.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last year, while earnings per share has been flat. New Risk • May 12
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Revenue has declined by 29% over the past year. Price Target Changed • Apr 17
Price target decreased by 8.2% to ر.ق2.31 Down from ر.ق2.52, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ر.ق1.99. Stock is down 6.0% over the past year. The company posted earnings per share of ر.ق0.10 last year. Buy Or Sell Opportunity • Apr 17
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ر.ق1.99. The fair value is estimated to be ر.ق1.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 31% over the last year. Earnings per share has declined by 4.1%. Aankondiging • Feb 27
Estithmar Holding Q.P.S.C., Annual General Meeting, Mar 20, 2024 Estithmar Holding Q.P.S.C., Annual General Meeting, Mar 20, 2024, at 18:30 Coordinated Universal Time. Location: Eighteen Tower - 35th floor Lusail Qatar Agenda: To review and approve the Board of Directors’ report on the Company’s activities, financial position for the year ending 31 December 2023; to review and approve the auditors’ report on the financial statements of the Company for the year ending 31 December 2023; to review and approve the company’s Balance Sheet and profit and loss statement for the year ending 31 December 2023; and to consider other matters. New Risk • Feb 25
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 24
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: ر.ق0.10. Revenue: ر.ق2.92b (down 31% from FY 2022). Net income: ر.ق347.8m (up 2.8% from FY 2022). Profit margin: 12% (up from 8.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 70%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Asia. Aankondiging • Feb 10
Estithmar Holding Q.P.S.C. to Report Fiscal Year 2023 Results on Feb 21, 2024 Estithmar Holding Q.P.S.C. announced that they will report fiscal year 2023 results on Feb 21, 2024 Reported Earnings • Nov 07
Third quarter 2023 earnings released: EPS: ر.ق0.03 (vs ر.ق0.035 in 3Q 2022) Third quarter 2023 results: EPS: ر.ق0.03 (down from ر.ق0.035 in 3Q 2022). Revenue: ر.ق744.9m (down 37% from 3Q 2022). Net income: ر.ق103.0m (down 4.3% from 3Q 2022). Profit margin: 14% (up from 9.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Asia. Buying Opportunity • Nov 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be ر.ق2.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 3.9%. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings is also forecast to grow by 30% per annum over the same time period. Price Target Changed • Oct 31
Price target increased by 7.1% to ر.ق2.52 Up from ر.ق2.35, the current price target is an average from 2 analysts. New target price is 25% above last closing price of ر.ق2.02. Stock is up 12% over the past year. The company is forecast to post earnings per share of ر.ق0.06 for next year compared to ر.ق0.11 last year. Aankondiging • Oct 21
Estithmar Holding Q.P.S.C. to Report Q3, 2023 Results on Oct 30, 2023 Estithmar Holding Q.P.S.C. announced that they will report Q3, 2023 results on Oct 30, 2023 New Risk • Aug 26
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (46% net debt to equity). Less than 3 years of financial data is available. Aankondiging • Jul 23
Estithmar Holding Q.P.S.C. to Report Q2, 2023 Results on Aug 03, 2023 Estithmar Holding Q.P.S.C. announced that they will report Q2, 2023 results on Aug 03, 2023 New Risk • Jul 09
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). High level of non-cash earnings (25% accrual ratio). Minor Risk Less than 3 years of financial data is available. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 11
Estithmar Holding Q.P.S.C. to Report Q3, 2022 Results on Oct 27, 2022 Estithmar Holding Q.P.S.C. announced that they will report Q3, 2022 results on Oct 27, 2022 Aankondiging • Jul 26
Estithmar Holding Q.P.S.C. to Report Q2, 2022 Results on Aug 11, 2022 Estithmar Holding Q.P.S.C. announced that they will report Q2, 2022 results on Aug 11, 2022