Reported Earnings • May 05
First quarter 2026 earnings released: EPS: د.إ0.43 (vs د.إ0.87 in 1Q 2025) First quarter 2026 results: EPS: د.إ0.43 (down from د.إ0.87 in 1Q 2025). Revenue: د.إ6.65b (up 6.8% from 1Q 2025). Net income: د.إ364.8m (down 50% from 1Q 2025). Profit margin: 5.5% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Construction industry in Asia are expected to grow by 8.4%. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to د.إ17.10. The fair value is estimated to be د.إ21.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to decline by 4.7% per annum. Earnings are also forecast to decline by 15% per annum over the same time period. Announcement • Mar 06
NMDC Group PJSC Approves a Cash Dividend Distribution for the Financial Year Ended on 31 December 2025 NMDC Group PJSC at its Annual General Assembly Meeting held on 5 March 2026 approved a cash dividend distribution of AED 844,379,653 amounting to approximately AED 1.0 per share for the financial year ended on 31 December 2025. Last Entitlement Date is March 12, 2026. Ex-dividend date is March 13, 2026. Payment date is One month from general assembly date 5 March 2026. Announcement • Feb 17
NMDC Group PJSC, Annual General Meeting, Mar 05, 2026 NMDC Group PJSC, Annual General Meeting, Mar 05, 2026, at 15:00 Arabian Standard Time. Location: abu dhabi United Arab Emirates Reported Earnings • Feb 06
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: د.إ4.29 (up from د.إ3.55 in FY 2024). Revenue: د.إ28.8b (up 9.7% from FY 2024). Net income: د.إ3.63b (up 23% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 30%. Revenue is expected to decline by 4.7% p.a. on average during the next 3 years, while revenues in the Construction industry in Asia are expected to grow by 9.0%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Feb 05
NMDC Group PJSC Proposes a Cash Dividend Distribution for the Financial Year Ended on 31 December 2025 NMDC Group PJSC proposed a cash dividend distribution of AED 844,379,653 (amounting to AED 1.0 per share) for the financial year ended on 31 December 2025. The recommendation will be considered by the shareholders in the upcoming general assembly meeting. Announcement • Jan 30
NMDC Group PJSC to Report Fiscal Year 2025 Results on Feb 04, 2026 NMDC Group PJSC announced that they will report fiscal year 2025 results on Feb 04, 2026 New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% 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 Risks Earnings are forecast to decline by an average of 11% per year for the foreseeable future. High level of non-cash earnings (23% accrual ratio). Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: د.إ1.09 (vs د.إ0.83 in 3Q 2024) Third quarter 2025 results: EPS: د.إ1.09 (up from د.إ0.83 in 3Q 2024). Revenue: د.إ7.17b (up 12% from 3Q 2024). Net income: د.إ921.8m (up 32% from 3Q 2024). Profit margin: 13% (up from 11% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Oct 24
NMDC Group PJSC to Report Q3, 2025 Results on Oct 29, 2025 NMDC Group PJSC announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Aug 25
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 30
Second quarter 2025 earnings released: EPS: د.إ1.05 (vs د.إ0.99 in 2Q 2024) Second quarter 2025 results: EPS: د.إ1.05 (up from د.إ0.99 in 2Q 2024). Revenue: د.إ7.15b (up 5.4% from 2Q 2024). Net income: د.إ884.8m (up 8.0% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jul 24
NMDC Group PJSC to Report Q2, 2025 Results on Jul 29, 2025 NMDC Group PJSC announced that they will report Q2, 2025 results on Jul 29, 2025 Reported Earnings • May 01
First quarter 2025 earnings released: EPS: د.إ0.87 (vs د.إ0.78 in 1Q 2024) First quarter 2025 results: EPS: د.إ0.87 (up from د.إ0.78 in 1Q 2024). Revenue: د.إ6.22b (up 17% from 1Q 2024). Net income: د.إ733.4m (up 14% from 1Q 2024). Profit margin: 12% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Apr 24
NMDC Group PJSC to Report Q1, 2025 Results on Apr 29, 2025 NMDC Group PJSC announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Mar 21
NMDC Group PJSC Approves Cash Dividend the Financial Year Ended 31 December 2024 NMDC Group PJSC at its AGM held on 18 March 2025 approved the Board of Directors' recommendation concerning a cash dividend distribution of AED 700,835,112 amounting to approximately 83 fils per share for the financial year ended on 31 December 2024. Last Entitlement date: 26 March 2025; Ex-dividend Date: 27 March 2025; Shareholders' registry closing date: 28 March 2025; Payment Date: One month from general assembly date. Buy Or Sell Opportunity • Mar 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.3% to د.إ23.18. The fair value is estimated to be د.إ29.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are forecast to decline by 0.1% per annum over the same time period. New Risk • Feb 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% 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. This is currently the only risk that has been identified for the company. Declared Dividend • Feb 13
Dividend of د.إ0.83 announced Shareholders will receive a dividend of د.إ0.83. Ex-date: 27th March 2025 Payment date: 1st January 1970 Dividend yield will be 14%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but not covered by cash flows (209% cash payout ratio). The dividend has increased by an average of 26% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to د.إ23.54. The fair value is estimated to be د.إ29.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 2.3% per annum over the same time period. Announcement • Feb 12
NMDC Group PJSC, Annual General Meeting, Mar 05, 2025 NMDC Group PJSC, Annual General Meeting, Mar 05, 2025, at 15:00 Arabian Standard Time. Buy Or Sell Opportunity • Jan 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.7% to د.إ24.88. The fair value is estimated to be د.إ31.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 2.3% per annum over the same time period. Buy Or Sell Opportunity • Dec 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to د.إ24.70. The fair value is estimated to be د.إ31.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 2.3% per annum over the same time period. New Risk • Nov 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (34% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: د.إ0.83 (vs د.إ0.77 in 3Q 2023) Third quarter 2024 results: EPS: د.إ0.83 (up from د.إ0.77 in 3Q 2023). Revenue: د.إ6.39b (up 50% from 3Q 2023). Net income: د.إ699.6m (up 11% from 3Q 2023). Profit margin: 11% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Nov 01
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.7% to د.إ24.92. The fair value is estimated to be د.إ32.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 2.3% per annum over the same time period. Buy Or Sell Opportunity • Sep 24
Now 20% undervalued Over the last 90 days, the stock has risen 2.9% to د.إ25.00. The fair value is estimated to be د.إ31.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (7.9% average weekly change). Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to د.إ29.82, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 16x in the Construction industry in Asia. Total returns to shareholders of 181% over the past three years. Announcement • Aug 30
NMDC Group PJSC Approves the Appointment of Abdulla Mohamed Ahmed Al Suwaidi as Board Member NMDC Group PJSC approved the appointment of Mr. Abdulla Mohamed Ahmed Al Suwaidi as a board member to complete the remaining term of his predecessor, at its General Assembly Meeting held on 29 August 2024. New Risk • Aug 07
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 Emirian stocks, typically moving 6.1% 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 High level of non-cash earnings (57% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to د.إ23.04, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 15x in the Construction industry in Asia. Total returns to shareholders of 122% over the past three years. Reported Earnings • Jul 29
Second quarter 2024 earnings released: EPS: د.إ0.99 (vs د.إ0.70 in 2Q 2023) Second quarter 2024 results: EPS: د.إ0.99 (up from د.إ0.70 in 2Q 2023). Revenue: د.إ6.78b (up 91% from 2Q 2023). Net income: د.إ819.2m (up 42% from 2Q 2023). Profit margin: 12% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 38% per year. Announcement • Jul 20
National Marine Dredging Company to Report Q2, 2024 Results on Jul 24, 2024 National Marine Dredging Company announced that they will report Q2, 2024 results on Jul 24, 2024 New Risk • May 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • May 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: د.إ0.78 (vs د.إ0.37 in 1Q 2023) First quarter 2024 results: EPS: د.إ0.78 (up from د.إ0.37 in 1Q 2023). Revenue: د.إ5.34b (up 67% from 1Q 2023). Net income: د.إ640.6m (up 112% from 1Q 2023). Profit margin: 12% (up from 9.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 17
National Marine Dredging Company, Annual General Meeting, Mar 08, 2024 National Marine Dredging Company, Annual General Meeting, Mar 08, 2024, at 07:00 Coordinated Universal Time. Reported Earnings • Feb 16
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: د.إ2.61 (up from د.إ1.58 in FY 2022). Revenue: د.إ16.7b (up 56% from FY 2022). Net income: د.إ2.15b (up 65% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 13
National Marine Dredging Company Proposes Cash Dividend Distribution for the Financial Year Ended 31 December 2023 National Marine Dredging Company at its Board of Directors meeting held on 12 February 2024, proposed a cash dividend distribution of AED 618,750,000 (75% of the Company’s capital) amounting to approximately AED 0.75 per share for the financial year ended 31 December 2023. The recommendation will be considered by the shareholders in the upcoming general assembly meeting to be held on 7 March 2024. Announcement • Feb 08
National Marine Dredging Company to Report Fiscal Year 2023 Results on Feb 12, 2024 National Marine Dredging Company announced that they will report fiscal year 2023 results on Feb 12, 2024 Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to د.إ32.18, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Construction industry in Asia. Total returns to shareholders of 7.6% over the past year. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to د.إ31.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Construction industry in Asia. Total returns to shareholders of 36% over the past year. Announcement • Nov 29
Nmdc Group Announces Appointment of Mr. Cornelis Adriaan De Bruijn as CEO Dredging and Marine Platform National Marine Dredging Company informed that Mr. Cornelis Adriaan De Bruijn has been appointed as Chief Executive Officer for the Dredging and Marine Platform in the Group. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to د.إ27.72, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Construction industry in Asia. Total returns to shareholders of 8.7% over the past year. New Risk • Nov 01
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 Emirian stocks, typically moving 6.1% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: د.إ0.77 (vs د.إ0.36 in 3Q 2022) Third quarter 2023 results: EPS: د.إ0.77 (up from د.إ0.36 in 3Q 2022). Revenue: د.إ4.27b (up 69% from 3Q 2022). Net income: د.إ631.7m (up 111% from 3Q 2022). Profit margin: 15% (up from 12% in 3Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to د.إ19.80, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 14x in the Construction industry in Asia. Total loss to shareholders of 21% over the past year. Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: د.إ0.70 (vs د.إ0.41 in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.70 (up from د.إ0.41 in 2Q 2022). Revenue: د.إ3.56b (up 78% from 2Q 2022). Net income: د.إ577.2m (up 71% from 2Q 2022). Profit margin: 16% (in line with 2Q 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Asia. Announcement • Jun 21
National Marine Dredging Company Appoints Mr. Olivier as Chief Operating Officer National Marine Dredging Company announced the appointment of Mr. Olivier in the position of the Chief Operating Officer effective from 19th June 2023. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: د.إ0.37 (vs د.إ0.079 in 1Q 2022) First quarter 2023 results: EPS: د.إ0.37 (up from د.إ0.079 in 1Q 2022). Revenue: د.إ3.21b (up 107% from 1Q 2022). Net income: د.إ302.9m (up 363% from 1Q 2022). Profit margin: 9.4% (up from 4.2% in 1Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Asia. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to د.إ24.64, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Construction industry in Asia. Total returns to shareholders of 57% over the past year. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to د.إ32.12, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 12x in the Construction industry in Asia. Total returns to shareholders of 128% over the past year. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to د.إ39.50, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 12x in the Construction industry in Asia. Total returns to shareholders of 213% over the past year. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: د.إ1.58 (vs د.إ1.26 in FY 2021) Full year 2022 results: EPS: د.إ1.58 (up from د.إ1.26 in FY 2021). Revenue: د.إ10.7b (up 36% from FY 2021). Net income: د.إ1.30b (up 30% from FY 2021). Profit margin: 12% (in line with FY 2021). Announcement • Feb 03
National Marine Dredging Company, Annual General Meeting, Mar 16, 2023 National Marine Dredging Company, Annual General Meeting, Mar 16, 2023. Announcement • Jan 28
National Marine Dredging Company to Report Fiscal Year 2022 Results on Feb 01, 2023 National Marine Dredging Company announced that they will report fiscal year 2022 results on Feb 01, 2023 Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 17% share price gain to د.إ29.50, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 12x in the Construction industry in Asia. Total returns to shareholders of 129% over the past year. 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. 7 non-independent directors. Vice Chairman of the Board Hamad Salem Bin Louteya Al Ameri was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to د.إ26.14, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 13x in the Construction industry in Asia. Total returns to shareholders of 142% over the past year. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: د.إ0.41 (vs د.إ0.25 in 2Q 2021) Second quarter 2022 results: EPS: د.إ0.41 (up from د.إ0.25 in 2Q 2021). Revenue: د.إ1.99b (down 5.1% from 2Q 2021). Net income: د.إ337.7m (up 65% from 2Q 2021). Profit margin: 17% (up from 9.7% in 2Q 2021). Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 17% share price gain to د.إ31.48, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 9x in the Construction industry in Asia. Total returns to shareholders of 354% over the past year. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 39% share price gain to د.إ28.76, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 9x in the Construction industry in Asia. Total returns to shareholders of 306% over the past year. Board Change • Apr 27
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. 7 non-independent directors. Vice Chairman of the Board Hamad Salem Bin Louteya Al Ameri was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 19
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: د.إ0.08 (up from د.إ0.037 in 1Q 2021). Revenue: د.إ1.55b (up 33% from 1Q 2021). Net income: د.إ65.4m (up 146% from 1Q 2021). Profit margin: 4.2% (up from 2.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 56%. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in United Arab Emirates. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 16% share price gain to د.إ16.18, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Construction industry in Asia. Total returns to shareholders of 145% over the past year. Announcement • Feb 22
National Marine Dredging Company, Annual General Meeting, Mar 15, 2022 National Marine Dredging Company, Annual General Meeting, Mar 15, 2022, at 12:00 Coordinated Universal Time. Agenda: To review and approve the Board of Directors' report on the Company's activities and its financial position in relation to the financial year ended 31 December 2021;to discuss and approve the External Auditors' report for the financial year ended 31 December 2021;to discuss and approve the Company's balance sheet and profit and loss account for the financial year ended 31 December 2021;to Consider and approve the Board of Directors' recommendation not to distribute cash dividends for the year ended 31 December 2021;to Consider and approve the remuneration of the Board of Directors for the year ended 31 December 2021; to Appoint the External Auditors of the Company for the year 2022 and determine their fees;to Consider and approve the Board of Directors remuneration policy as published on the Company's website;and to consider other matters. Reported Earnings • Feb 03
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: د.إ1.26 (down from د.إ1.41 in FY 2020). Revenue: د.إ7.89b (up 109% from FY 2020). Net income: د.إ1.00b (up 185% from FY 2020). Profit margin: 13% (up from 9.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 56%. Over the next year, revenue is forecast to grow 4.9%, compared to a 16% growth forecast for the industry in United Arab Emirates. Reported Earnings • Oct 19
Third quarter 2021 earnings released: EPS د.إ0.33 (vs د.إ0.001 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: د.إ2.11b (up 81% from 3Q 2020). Net income: د.إ270.0m (up د.إ269.3m from 3Q 2020). Profit margin: 13% (up from 0.1% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 24% share price gain to د.إ13.40, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 13x in the Construction industry in Asia. Reported Earnings • Jul 21
Second quarter 2021 earnings released: EPS د.إ0.25 (vs د.إ0.17 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: د.إ2.10b (up 180% from 2Q 2020). Net income: د.إ204.5m (up د.إ303.6m from 2Q 2020). Profit margin: 9.7% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue.