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DRIV

Emirates Driving Company P.J.S.CADX:DRIVE Stock Report

Market Cap

د.إ1.9b

7D

1.1%

1Y

55.3%

Updated

20 Oct, 2021

Data

Company Financials
DRIVE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends4/6

DRIVE Overview

Emirates Driving Company P.J.S.C., together with its subsidiaries, provides driving education and training services.

Rewards

Trading at 66.4% below our estimate of its fair value

Earnings grew by 25.4% over the past year

Pays a reliable dividend of 4.76%

Risk Analysis

No risks detected for DRIVE from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Emirates Driving Company P.J.S.C
Historical stock prices
Current Share Priceد.إ21.00
52 Week Highد.إ12.22
52 Week Lowد.إ23.00
Beta0.17
1 Month Change2.54%
3 Month Change23.53%
1 Year Change55.33%
3 Year Change208.82%
5 Year Change193.71%
Change since IPO1,440.00%

Recent News & Updates

Mar 09
Emirates Driving Company P.J.S.C.'s (ADX:DRIVE) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Emirates Driving Company P.J.S.C.'s (ADX:DRIVE) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Most readers would already be aware that Emirates Driving Company P.J.S.C's (ADX:DRIVE) stock increased significantly...

Shareholder Returns

DRIVEAE Consumer ServicesAE Market
7D1.1%6.4%0.9%
1Y55.3%-31.2%51.1%

Return vs Industry: DRIVE exceeded the AE Consumer Services industry which returned -31.2% over the past year.

Return vs Market: DRIVE exceeded the AE Market which returned 51.1% over the past year.

Price Volatility

Is DRIVE's price volatile compared to industry and market?
DRIVE volatility
DRIVE Beta0.17
Industry Beta0.81
Market Beta1

Stable Share Price: DRIVE is not significantly more volatile than the rest of AE stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DRIVE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000n/aObaid Al Zaabihttps://www.edcad.ae

Emirates Driving Company P.J.S.C., together with its subsidiaries, provides driving education and training services. The company offers services for light vehicles, motorcycles, heavy vehicles, and buses. It also manages investment properties.

Emirates Driving Company P.J.S.C Fundamentals Summary

How do Emirates Driving Company P.J.S.C's earnings and revenue compare to its market cap?
DRIVE fundamental statistics
Market Capد.إ1.87b
Earnings (TTM)د.إ156.57m
Revenue (TTM)د.إ257.26m

12.0x

P/E Ratio

7.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DRIVE income statement (TTM)
Revenueد.إ257.26m
Cost of Revenueد.إ48.25m
Gross Profitد.إ209.01m
Expensesد.إ52.44m
Earningsد.إ156.57m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.74
Gross Margin81.24%
Net Profit Margin60.86%
Debt/Equity Ratio0%

How did DRIVE perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

57%

Payout Ratio

Valuation

Is Emirates Driving Company P.J.S.C undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DRIVE (AED21) is trading below our estimate of fair value (AED62.46)

Significantly Below Fair Value: DRIVE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DRIVE is good value based on its PE Ratio (12x) compared to the Asian Consumer Services industry average (20.4x).

PE vs Market: DRIVE is good value based on its PE Ratio (12x) compared to the AE market (14.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: DRIVE is overvalued based on its PB Ratio (2.5x) compared to the XA Consumer Services industry average (1.8x).


Future Growth

How is Emirates Driving Company P.J.S.C forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.7%

Forecasted Consumer Services 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 Emirates Driving Company P.J.S.C 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 Emirates Driving Company P.J.S.C performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DRIVE has high quality earnings.

Growing Profit Margin: DRIVE's current net profit margins (60.9%) are higher than last year (53.3%).


Past Earnings Growth Analysis

Earnings Trend: DRIVE's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: DRIVE's earnings growth over the past year (25.4%) exceeds its 5-year average (6.5% per year).

Earnings vs Industry: DRIVE earnings growth over the past year (25.4%) exceeded the Consumer Services industry 21.3%.


Return on Equity

High ROE: DRIVE's Return on Equity (20.4%) is considered high.


Financial Health

How is Emirates Driving Company P.J.S.C's financial position?


Financial Position Analysis

Short Term Liabilities: DRIVE's short term assets (AED441.5M) exceed its short term liabilities (AED44.4M).

Long Term Liabilities: DRIVE's short term assets (AED441.5M) exceed its long term liabilities (AED44.5M).


Debt to Equity History and Analysis

Debt Level: DRIVE is debt free.

Reducing Debt: DRIVE has not had any debt for past 5 years.

Debt Coverage: DRIVE has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DRIVE has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Emirates Driving Company P.J.S.C current dividend yield, its reliability and sustainability?

4.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DRIVE's dividend (4.76%) is higher than the bottom 25% of dividend payers in the AE market (3.21%).

High Dividend: DRIVE's dividend (4.76%) is low compared to the top 25% of dividend payers in the AE market (5.81%).


Stability and Growth of Payments

Stable Dividend: DRIVE's dividends per share have been stable in the past 10 years.

Growing Dividend: DRIVE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.3%), DRIVE's dividend payments are 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?


CEO

Obaid Al Zaabi

no data

Tenure

Dr. Obaid Saif Al Zaabi serves as Chief Executive Officer at Emirates Driving Company PJSC.


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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Emirates Driving Company P.J.S.C.'s employee growth, exchange listings and data sources


Key Information

  • Name: Emirates Driving Company P.J.S.C.
  • Ticker: DRIVE
  • Exchange: ADX
  • Founded: 2000
  • Industry: Education Services
  • Sector: Consumer Services
  • Market Cap: د.إ1.866b
  • Shares outstanding: 89.79m
  • Website: https://www.edcad.ae

Location

  • Emirates Driving Company P.J.S.C.
  • PO Box 2943
  • 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 Analysis2021/10/20 12:06
End of Day Share Price2021/10/20 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.