| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 1/6 |
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
Risk Analysis
No risks detected for NMDC from our risk checks.
National Marine Dredging Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | د.إ13.00 |
| 52 Week High | د.إ15.00 |
| 52 Week Low | د.إ5.95 |
| Beta | 0 |
| 1 Month Change | 0% |
| 3 Month Change | -4.41% |
| 1 Year Change | n/a |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 117.39% |
Recent News & Updates
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
| NMDC | AE Construction | AE Market | |
|---|---|---|---|
| 7D | -2.7% | -0.3% | 1.4% |
| 1Y | n/a | 17.5% | 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
| NMDC volatility | |
|---|---|
| NMDC Average Weekly Movement | 3.4% |
| Construction Industry Average Movement | 5.4% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in AE Market | 11.0% |
| 10% least volatile stocks in AE Market | 2.7% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1976 | n/a | Yasser Zaghloul | https://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
| NMDC fundamental statistics | |
|---|---|
| Market Cap | د.إ10.73b |
| Earnings (TTM) | د.إ1.08b |
| Revenue (TTM) | د.إ6.37b |
9.9x
P/E Ratio1.7x
P/S RatioIs NMDC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NMDC income statement (TTM) | |
|---|---|
| Revenue | د.إ6.37b |
| Cost of Revenue | د.إ5.26b |
| Gross Profit | د.إ1.11b |
| Expenses | د.إ21.21m |
| Earnings | د.إ1.08b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.31 |
| Gross Margin | 17.35% |
| Net Profit Margin | 17.02% |
| Debt/Equity Ratio | 55.7% |
How did NMDC perform over the long term?
See historical performance and comparisonDividends
2.3%
Current Dividend Yield11%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 16:03 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.