Emirates Driving Company P.J.S.C., together with its subsidiaries, provides driving education and training services.
No risks detected for DRIVE from our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.إ21.00|
|52 Week High||د.إ12.22|
|52 Week Low||د.إ23.00|
|1 Month Change||2.54%|
|3 Month Change||23.53%|
|1 Year Change||55.33%|
|3 Year Change||208.82%|
|5 Year Change||193.71%|
|Change since IPO||1,440.00%|
Recent News & Updates
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...
|DRIVE||AE Consumer Services||AE Market|
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.
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
|2000||n/a||Obaid Al Zaabi||https://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
|DRIVE fundamental statistics|
Is DRIVE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DRIVE income statement (TTM)|
|Cost of Revenue||د.إ48.25m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.74|
|Net Profit Margin||60.86%|
How did DRIVE perform over the long term?See historical performance and comparison
4.8%Current Dividend Yield
Is Emirates Driving Company P.J.S.C undervalued compared to its fair value and its price relative to the market?
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).
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?
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.
How has Emirates Driving Company P.J.S.C performed over the past 5 years?
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.
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.
What is Emirates Driving Company P.J.S.C current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Obaid Al Zaabi
Dr. Obaid Saif Al Zaabi serves as Chief Executive Officer at Emirates Driving Company PJSC.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Emirates Driving Company P.J.S.C.'s employee growth, exchange listings and data sources
- 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
- Emirates Driving Company P.J.S.C.
- PO Box 2943
- Abu Dhabi
- United Arab Emirates
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 12:06|
|End of Day Share Price||2021/10/20 00:00|
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.