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NMDC

National Marine DredgingADX:NMDC Stock Report

Last Price

د.إ13.00

Market Cap

د.إ10.7b

7D

-2.7%

1Y

n/a

Updated

20 Jan, 2022

Data

Company Financials
NMDC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends1/6

NMDC Stock Overview

National Marine Dredging Company executes engineering, procurement and construction contracts, and dredging contracts and related land reclamation works in the United Arab Emirates and internationally.

Rewards

PE ratio (9.9x) is below the AE market (14.7x)

Became profitable this year

Risk Analysis

No risks detected for NMDC from our risk checks.

National Marine Dredging Competitors

Larsen & Toubro

BSE:500510

₹2.8t

Keppel

SGX:BN4

S$9.7b

Price History & Performance

Summary of all time highs, changes and price drops for National Marine Dredging
Historical stock prices
Current Share Priceد.إ13.00
52 Week Highد.إ15.00
52 Week Lowد.إ5.95
Beta0
1 Month Change0%
3 Month Change-4.41%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO117.39%

Recent News & Updates

Jul 24
National Marine Dredging's (ADX:NMDC) Earnings Are Of Questionable Quality

National Marine Dredging's (ADX:NMDC) Earnings Are Of Questionable Quality

Last week's profit announcement from National Marine Dredging Company ( ADX:NMDC ) was underwhelming for investors...

Shareholder Returns

NMDCAE ConstructionAE Market
7D-2.7%-0.3%1.4%
1Yn/a17.5%38.2%

Return vs Industry: Insufficient data to determine how NMDC performed against the AE Construction industry.

Return vs Market: Insufficient data to determine how NMDC performed against the AE Market.

Price Volatility

Is NMDC's price volatile compared to industry and market?
NMDC volatility
NMDC Average Weekly Movement3.4%
Construction Industry Average Movement5.4%
Market Average Movement5.1%
10% most volatile stocks in AE Market11.0%
10% least volatile stocks in AE Market2.7%

Stable Share Price: NMDC is less volatile than 75% of AE stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NMDC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1976n/aYasser Zaghloulhttps://www.nmdc.com

National Marine Dredging Company executes engineering, procurement and construction contracts, and dredging contracts and related land reclamation works in the United Arab Emirates and internationally. Its dredging activities include capital and maintenance dredging for ports and harbors, artificial island construction, beach construction, land reclamation, and intake and outfall dredging. The company is also involved in marine construction activities, which include construction of breakwaters, revetments, groyne, and related rock works; concrete armour protection; gravity quay walls construction; retaining and diaphragm walls; boat ramps and slipways; sheet and tubular steel piling works; and marinas and pontoons.

National Marine Dredging Fundamentals Summary

How do National Marine Dredging's earnings and revenue compare to its market cap?
NMDC fundamental statistics
Market Capد.إ10.73b
Earnings (TTM)د.إ1.08b
Revenue (TTM)د.إ6.37b

9.9x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NMDC income statement (TTM)
Revenueد.إ6.37b
Cost of Revenueد.إ5.26b
Gross Profitد.إ1.11b
Expensesد.إ21.21m
Earningsد.إ1.08b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.31
Gross Margin17.35%
Net Profit Margin17.02%
Debt/Equity Ratio55.7%

How did NMDC perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is National Marine Dredging undervalued compared to its fair value and its price relative to the market?

9.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NMDC (AED13.04) is trading above our estimate of fair value (AED11.16)

Significantly Below Fair Value: NMDC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NMDC is good value based on its PE Ratio (9.9x) compared to the Asian Construction industry average (13.9x).

PE vs Market: NMDC is good value based on its PE Ratio (9.9x) compared to the AE market (14.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NMDC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NMDC is overvalued based on its PB Ratio (2.1x) compared to the XA Construction industry average (1x).


Future Growth

How is National Marine Dredging forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.3%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as National Marine Dredging has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has National Marine Dredging performed over the past 5 years?

71.3%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: NMDC has high quality earnings.

Growing Profit Margin: NMDC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NMDC's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: NMDC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NMDC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (13%).


Return on Equity

High ROE: NMDC's Return on Equity (21.6%) is considered high.


Financial Health

How is National Marine Dredging's financial position?


Financial Position Analysis

Short Term Liabilities: NMDC's short term assets (AED8.2B) exceed its short term liabilities (AED5.6B).

Long Term Liabilities: NMDC's short term assets (AED8.2B) exceed its long term liabilities (AED2.1B).


Debt to Equity History and Analysis

Debt Level: NMDC's net debt to equity ratio (30.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if NMDC's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: NMDC's debt is not well covered by operating cash flow (15.4%).

Interest Coverage: NMDC earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is National Marine Dredging current dividend yield, its reliability and sustainability?

2.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NMDC's dividend (2.3%) isn’t notable compared to the bottom 25% of dividend payers in the AE market (3.11%).

High Dividend: NMDC's dividend (2.3%) is low compared to the top 25% of dividend payers in the AE market (6.11%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether NMDC's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if NMDC's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.3%), NMDC's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average board tenure


CEO

Yasser Zaghloul

no data

Tenure

Mr. Yasser Nassr Zaghloul serves as the Chief Executive Officer of National Marine Dredging Company. Mr. Zaghloul served as an Acting Chief Executive Officer of National Marine Dredging Company. He served...


Board Members

Experienced Board: NMDC's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: NMDC only recently listed within the past 12 months.


Top Shareholders

Company Information

National Marine Dredging Company's employee growth, exchange listings and data sources


Key Information

  • Name: National Marine Dredging Company
  • Ticker: NMDC
  • Exchange: ADX
  • Founded: 1976
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: د.إ10.725b
  • Shares outstanding: 825.00m
  • Website: https://www.nmdc.com

Location

  • National Marine Dredging Company
  • Mussafah Street 16
  • P.O Box: 3649
  • Abu Dhabi
  • United Arab Emirates

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 16:03
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.