Emirates Driving Company P.J.S.C Future Growth

Future criteria checks 2/6

Emirates Driving Company P.J.S.C is forecast to grow earnings and revenue by 2.8% and 16.8% per annum respectively. EPS is expected to grow by 3.6% per annum. Return on equity is forecast to be 26.6% in 3 years.

Key information

2.8%

Earnings growth rate

3.6%

EPS growth rate

Consumer Services earnings growth	29.5%
Revenue growth rate	16.8%
Future return on equity	26.6%
Analyst coverage	Low
Last updated	14 Oct 2024

Recent future growth updates

No updates

Recent updates

Emirates Driving Company P.J.S.C's (ADX:DRIVE) Profits May Not Reveal Underlying Issues

Nov 02

We Think You Should Be Aware Of Some Concerning Factors In Emirates Driving Company P.J.S.C's (ADX:DRIVE) Earnings

Feb 08

Emirates Driving Company P.J.S.C. (ADX:DRIVE) Soars 61% But It's A Story Of Risk Vs Reward

Dec 18

The Returns At Emirates Driving Company P.J.S.C (ADX:DRIVE) Aren't Growing

Dec 14

Investors Met With Slowing Returns on Capital At Emirates Driving Company P.J.S.C (ADX:DRIVE)

Sep 23

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?

Mar 09

Is There More To The Story Than Emirates Driving Company P.J.S.C's (ADX:DRIVE) Earnings Growth?

Feb 16

Here's What To Make Of Emirates Driving Company P.J.S.C's (ADX:DRIVE) Returns On Capital

Jan 29

Is Emirates Driving Company P.J.S.C. (ADX:DRIVE) The Right Choice For A Smart Dividend Investor?

Jan 12

Shareholders Of Emirates Driving Company P.J.S.C (ADX:DRIVE) Must Be Happy With Their 279% Total Return

Dec 22

Emirates Driving Company P.J.S.C. (ADX:DRIVE) On An Uptrend: Could Fundamentals Be Driving The Stock?

Nov 30

Emirates Driving Company P.J.S.C (ADX:DRIVE) Is Growing Earnings But Are They A Good Guide?

Jul 10

Earnings and Revenue Growth Forecasts

ADX:DRIVE - Analysts future estimates and past financials data (AED Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	634	287	234	274	1
12/31/2025	608	275	202	261	1
12/31/2024	484	258	209	235	1
9/30/2024	429	279	254	274	N/A
6/30/2024	361	262	238	259	N/A
3/31/2024	356	268	215	237	N/A
12/31/2023	356	267	196	219	N/A
9/30/2023	353	259	193	218	N/A
6/30/2023	353	255	188	215	N/A
3/31/2023	353	241	217	243	N/A
12/31/2022	339	253	231	260	N/A
9/30/2022	321	224	224	251	N/A
6/30/2022	294	205	213	235	N/A
3/31/2022	272	196	178	200	N/A
12/31/2021	260	168	171	188	N/A
9/30/2021	257	157	176	191	N/A
6/30/2021	262	162	184	196	N/A
3/31/2021	236	126	145	151	N/A
12/31/2020	241	127	152	156	N/A
9/30/2020	234	125	152	159	N/A
6/30/2020	218	108	128	138	N/A
3/31/2020	231	129	157	170	N/A
12/31/2019	209	105	126	144	N/A
9/30/2019	196	93	99	114	N/A
6/30/2019	191	87	99	108	N/A
3/31/2019	189	83	95	103	N/A
12/31/2018	196	93	93	99	N/A
9/30/2018	213	112	109	114	N/A
6/30/2018	222	111	N/A	120	N/A
3/31/2018	232	113	N/A	124	N/A
12/31/2017	235	104	N/A	104	N/A
9/30/2017	235	98	N/A	92	N/A
6/30/2017	240	98	N/A	86	N/A
3/31/2017	251	106	N/A	82	N/A
12/31/2016	260	115	N/A	98	N/A
9/30/2016	255	113	N/A	101	N/A
6/30/2016	252	110	N/A	97	N/A
3/31/2016	250	108	N/A	92	N/A
12/31/2015	241	98	N/A	108	N/A
9/30/2015	241	94	N/A	109	N/A
6/30/2015	231	85	N/A	109	N/A
3/31/2015	219	77	N/A	109	N/A
12/31/2014	205	69	N/A	100	N/A
9/30/2014	184	62	N/A	92	N/A
6/30/2014	173	55	N/A	77	N/A
3/31/2014	163	45	N/A	70	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DRIVE's forecast earnings growth (2.8% per year) is below the savings rate (14.7%).

Earnings vs Market: DRIVE's earnings (2.8% per year) are forecast to grow slower than the AE market (5.4% per year).

High Growth Earnings: DRIVE's earnings are forecast to grow, but not significantly.

Revenue vs Market: DRIVE's revenue (16.8% per year) is forecast to grow faster than the AE market (6.4% per year).

High Growth Revenue: DRIVE's revenue (16.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DRIVE's Return on Equity is forecast to be high in 3 years time (26.6%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/10 22:44
End of Day Share Price	2025/01/10 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Emirates Driving Company P.J.S.C. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ahmed Moataz	EFG-Hermes Research

Emirates Driving Company P.J.S.C Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

Now 92% undervalued after recent price drop

Emirates Driving Company P.J.S.C's (ADX:DRIVE) Profits May Not Reveal Underlying Issues

Third quarter 2024 earnings released: EPS: د.إ0.08 (vs د.إ0.064 in 3Q 2023)

Second quarter 2024 earnings released: EPS: د.إ0.05 (vs د.إ0.057 in 2Q 2023)

Now 20% undervalued after recent price drop

First quarter 2024 earnings released: EPS: د.إ0.06 (vs د.إ0.059 in 1Q 2023)

Emirates Driving Company P.J.S.C. Approves Cash Dividend for the Fiscal Year Ended December 31, 2023

Emirates Driving Company (Public Joint-Stock Company) Proposes Cash Dividend for the Fiscal Year Ended on December 31, 2023

Dividend of د.إ0.17 announced

Emirates Driving Company P.J.S.C., Annual General Meeting, Mar 27, 2024

We Think You Should Be Aware Of Some Concerning Factors In Emirates Driving Company P.J.S.C's (ADX:DRIVE) Earnings

Full year 2023 earnings released: EPS: د.إ0.25 (vs د.إ0.23 in FY 2022)

New major risk - Share price stability

Investor sentiment improves as stock rises 97%

Investor sentiment improves as stock rises 24%

Emirates Driving Company P.J.S.C. (ADX:DRIVE) Soars 61% But It's A Story Of Risk Vs Reward

The Returns At Emirates Driving Company P.J.S.C (ADX:DRIVE) Aren't Growing

Investor sentiment improves as stock rises 19%

Third quarter 2023 earnings released: EPS: د.إ0.77 (vs د.إ0.71 in 3Q 2022)

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: د.إ0.68 (vs د.إ0.53 in 2Q 2022)

Emirates Driving Company P.J.S.C. to Report Q2, 2023 Results on Jul 20, 2023

Full year 2022 earnings released: EPS: د.إ2.82 (vs د.إ1.87 in FY 2021)

No independent directors

Emirates Driving Company P.J.S.C. Endorses the Payment of an Interim Cash Dividend for the Third Quarter of 2022

Third quarter 2022 earnings released: EPS: د.إ0.71 (vs د.إ0.50 in 3Q 2021)

Investors Met With Slowing Returns on Capital At Emirates Driving Company P.J.S.C (ADX:DRIVE)

Now 23% undervalued

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: د.إ0.53 (vs د.إ0.43 in 2Q 2021)

Emirates Driving Company P.J.S.C. Announces Interim Cash Dividend for the Second Quarter of 2022

No independent directors

First quarter 2022 earnings released: EPS: د.إ0.84 (vs د.إ0.53 in 1Q 2021)

Emirates Driving Company P.J.S.C. Approves Cash Dividend for the Fiscal Year Ended December 31, 2021

Upcoming dividend of د.إ0.50 per share

Upcoming dividend of د.إ0.50 per share

Emirates Driving Company P.J.S.C. Appoints Khaled Mohammed Al Shemeili as Chief Executive Officer

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS د.إ0.50 (vs د.إ0.43 in 3Q 2020)

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS د.إ0.43 (vs د.إ0.025 in 2Q 2020)

First quarter 2021 earnings released: EPS د.إ0.53 (vs د.إ0.54 in 1Q 2020)