Reported Earnings • Jul 23
Second quarter 2026 earnings released: EPS: د.إ0.06 (vs د.إ0.081 in 2Q 2025) Second quarter 2026 results: EPS: د.إ0.06 (down from د.إ0.081 in 2Q 2025). Revenue: د.إ171.7m (down 7.8% from 2Q 2025). Net income: د.إ68.9m (down 21% from 2Q 2025). Profit margin: 40% (down from 47% in 2Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 16
Emirates Mobility Company P.J.S.C. to Report Q2, 2026 Results on Jul 21, 2026 Emirates Mobility Company P.J.S.C. announced that they will report Q2, 2026 results on Jul 21, 2026 Buy Or Sell Opportunity • Jul 08
Now 20% undervalued Over the last 90 days, the stock has risen 26% to د.إ3.92. The fair value is estimated to be د.إ4.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 3.2% in the next 2 years. Buy Or Sell Opportunity • Apr 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to د.إ3.01. The fair value is estimated to be د.إ3.81, 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 10%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 2.3% per annum over the same time period. Buy Or Sell Opportunity • Apr 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.5% to د.إ3.07. The fair value is estimated to be د.إ3.84, 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 10%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period. Upcoming Dividend • Mar 26
Upcoming dividend of د.إ0.20 per share Eligible shareholders must have bought the stock before 02 April 2026. Payment date: 10 April 2026. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Emirian dividend payers (7.0%). Higher than average of industry peers (4.7%). Buy Or Sell Opportunity • Mar 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.9% to د.إ3.00. The fair value is estimated to be د.إ3.75, 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 10%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period. Announcement • Mar 03
Emirates Driving Company P.J.S.C., Annual General Meeting, Mar 24, 2026 Emirates Driving Company P.J.S.C., Annual General Meeting, Mar 24, 2026, at 13:00 Arabian Standard Time. Reported Earnings • Feb 02
Full year 2025 earnings released: EPS: د.إ0.31 (vs د.إ0.26 in FY 2024) Full year 2025 results: EPS: د.إ0.31 (up from د.إ0.26 in FY 2024). Revenue: د.إ770.5m (up 50% from FY 2024). Net income: د.إ333.0m (up 20% from FY 2024). Profit margin: 43% (down from 54% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Declared Dividend • Jan 31
Dividend increased to د.إ0.20 Dividend of د.إ0.20 is 18% higher than last year. Ex-date: 2nd April 2026 Payment date: 10th April 2026 Dividend yield will be 6.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 30
Emirates Driving Company P.J.S.C. announces Annual dividend, payable on April 10, 2026 Emirates Driving Company P.J.S.C. announced Annual dividend of AED 0.2000 per share payable on April 10, 2026, ex-date on April 02, 2026 and record date on April 03, 2026. Announcement • Jan 22
Emirates Driving Company P.J.S.C. to Report Fiscal Year 2025 Results on Jan 28, 2026 Emirates Driving Company P.J.S.C. announced that they will report fiscal year 2025 results on Jan 28, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: د.إ0.10 (vs د.إ0.079 in 3Q 2024) Third quarter 2025 results: EPS: د.إ0.10 (up from د.إ0.079 in 3Q 2024). Revenue: د.إ209.3m (up 30% from 3Q 2024). Net income: د.إ109.3m (up 28% from 3Q 2024). Profit margin: 52% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 22
Emirates Driving Company P.J.S.C. (ADX:DRIVE) completed the acquisition of 22.50% stake in Mwasalat Holding LLC. Emirates Driving Company P.J.S.C. (ADX:DRIVE) agreed to acquire 22.50% stake in Mwasalat Holding LLC on July 7, 2025. Emirates Driving Company has agreed to acquire a 22.5% stake in Mwasalat Holdings LLC, with the option to increase its shareholding to 50.6%.
For the period ending December 31, 2024, Mwasalat Holding LLC reported total revenue of AED 650 million.
The transaction is subject to completion of certain conditions and relevant regulatory approvals.
Emirates Driving Company P.J.S.C. (ADX:DRIVE) completed the acquisition of 22.50% stake in Mwasalat Holding LLC on October 20, 2025. Announcement • Oct 17
Emirates Driving Company P.J.S.C. to Report Q3, 2025 Results on Oct 22, 2025 Emirates Driving Company P.J.S.C. announced that they will report Q3, 2025 results on Oct 22, 2025 Reported Earnings • Jul 29
Second quarter 2025 earnings released: EPS: د.إ0.08 (vs د.إ0.051 in 2Q 2024) Second quarter 2025 results: EPS: د.إ0.08 (up from د.إ0.051 in 2Q 2024). Revenue: د.إ186.2m (up 117% from 2Q 2024). Net income: د.إ87.2m (up 58% from 2Q 2024). Profit margin: 47% (down from 65% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 17
Price target increased by 13% to د.إ3.88 Up from د.إ3.42, the current price target is an average from 2 analysts. New target price is 38% above last closing price of د.إ2.80. The company is forecast to post earnings per share of د.إ0.29 for next year compared to د.إ0.26 last year. Reported Earnings • Apr 29
First quarter 2025 earnings released: EPS: د.إ0.06 (vs د.إ0.059 in 1Q 2024) First quarter 2025 results: EPS: د.إ0.06 (up from د.إ0.059 in 1Q 2024). Revenue: د.إ167.1m (up 85% from 1Q 2024). Net income: د.إ66.6m (up 4.2% from 1Q 2024). Profit margin: 40% (down from 71% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Buy Or Sell Opportunity • Mar 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.9% to د.إ2.66. The fair value is estimated to be د.إ3.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 3.5% in the next 2 years. Announcement • Mar 12
Emirates Driving Company P.J.S.C. Approves Distribution of Cash Dividends for the Fiscal Year Ended December 31, 2024 Emirates Driving Company P.J.S.C. approved distribution of cash dividends by 34% of paid capital for the fiscal year ended December 31, 2024, in total amount of AED 183,164,256 which equal to 17 fils per share, at its General Assembly Meeting held on March 11th 2025. Buy Or Sell Opportunity • Nov 18
Now 92% undervalued after recent price drop Over the last 90 days, the stock has fallen 90% to د.إ0.28. The fair value is estimated to be د.إ3.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 46% in 2 years. Earnings are forecast to grow by 1.9% in the next 2 years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: د.إ0.08 (vs د.إ0.064 in 3Q 2023) Third quarter 2024 results: EPS: د.إ0.08 (up from د.إ0.064 in 3Q 2023). Revenue: د.إ161.7m (up 72% from 3Q 2023). Net income: د.إ85.3m (up 24% from 3Q 2023). Profit margin: 53% (down from 73% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: د.إ0.05 (vs د.إ0.057 in 2Q 2023) Second quarter 2024 results: EPS: د.إ0.05 (down from د.إ0.057 in 2Q 2023). Revenue: د.إ85.7m (up 6.2% from 2Q 2023). Net income: د.إ55.3m (down 9.5% from 2Q 2023). Profit margin: 65% (down from 76% 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 18% per year whereas the company’s share price has increased by 20% per year. Buy Or Sell Opportunity • May 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.7% to د.إ2.87. The fair value is estimated to be د.إ3.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 22%. Reported Earnings • May 04
First quarter 2024 earnings released: EPS: د.إ0.06 (vs د.إ0.059 in 1Q 2023) First quarter 2024 results: EPS: د.إ0.06 (up from د.إ0.059 in 1Q 2023). Revenue: د.إ90.1m (flat on 1Q 2023). Net income: د.إ64.0m (up 1.3% from 1Q 2023). Profit margin: 71% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 27
Emirates Driving Company P.J.S.C. Approves Cash Dividend for the Fiscal Year Ended December 31, 2023 Emirates Driving Company P.J.S.C. at its Annual General Meeting held on March 27, 2024, approved Board of Directors’ proposals concerning the distribution of cash dividends by 34% of paid capital for the fiscal year ended December 31, 2023, in total amount of AED 183,164,256 which equal to 17 fils per share. Last Entitlement date: April 4, 2024. Ex- Dividends Date: April 5, 2024. Payment Date: Within 30 days of AGM. Announcement • Mar 05
Emirates Driving Company (Public Joint-Stock Company) Proposes Cash Dividend for the Fiscal Year Ended on December 31, 2023 Emirates Driving Company (Public Joint-Stock Company) at its annual general assembly meeting to be held on March 27, 2024, proposed the distribution of cash dividends by 34% of paid capital for the fiscal year ended on December 31, 2023, in total amount of AED 183,164,256 which equal to 17 fils per share. Declared Dividend • Mar 01
Dividend of د.إ0.17 announced Shareholders will receive a dividend of د.إ0.17. Ex-date: 26th March 2024 Payment date: 1st January 1970 Dividend yield will be 5.5%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but not covered by cash flows (183% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 29
Emirates Driving Company P.J.S.C., Annual General Meeting, Mar 27, 2024 Emirates Driving Company P.J.S.C., Annual General Meeting, Mar 27, 2024, at 09:00 Coordinated Universal Time. Agenda: To consider Propose cash dividend for the financial year ended on 31 December 2023. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: د.إ0.25 (vs د.إ0.23 in FY 2022) Full year 2023 results: EPS: د.إ0.25 (up from د.إ0.23 in FY 2022). Revenue: د.إ355.6m (up 4.8% from FY 2022). Net income: د.إ267.1m (up 5.4% from FY 2022). Profit margin: 75% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jan 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Emirian stocks, typically moving 29% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (29% average weekly change). Minor Risk Dividend is not well covered by cash flows (186% cash payout ratio). Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improves as stock rises 97% After last week's 97% share price gain to د.إ38.90, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 18x in the Consumer Services industry in Asia. Total returns to shareholders of 546% over the past three years. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to د.إ43.88, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 18x in the Consumer Services industry in Asia. Total returns to shareholders of 282% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to د.إ31.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Consumer Services industry in Asia. Total returns to shareholders of 180% over the past three years. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: د.إ0.77 (vs د.إ0.71 in 3Q 2022) Third quarter 2023 results: EPS: د.إ0.77 (up from د.إ0.71 in 3Q 2022). Revenue: د.إ94.1m (flat on 3Q 2022). Net income: د.إ68.8m (up 7.3% from 3Q 2022). Profit margin: 73% (up from 69% in 3Q 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 25% per year. New Risk • Jul 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% 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 0.9% per year for the foreseeable future. High level of non-cash earnings (20% accrual ratio). Minor Risk Dividend is not well covered by cash flows (191% cash payout ratio). Reported Earnings • Jul 22
Second quarter 2023 earnings released: EPS: د.إ0.68 (vs د.إ0.53 in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.68 (up from د.إ0.53 in 2Q 2022). Revenue: د.إ80.6m (flat on 2Q 2022). Net income: د.إ61.1m (up 29% from 2Q 2022). Profit margin: 76% (up from 59% in 2Q 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 15
Emirates Driving Company P.J.S.C. to Report Q2, 2023 Results on Jul 20, 2023 Emirates Driving Company P.J.S.C. announced that they will report Q2, 2023 results on Jul 20, 2023 Reported Earnings • Jan 22
Full year 2022 earnings released: EPS: د.إ2.82 (vs د.إ1.87 in FY 2021) Full year 2022 results: EPS: د.إ2.82 (up from د.إ1.87 in FY 2021). Revenue: د.إ339.4m (up 31% from FY 2021). Net income: د.إ253.4m (up 51% from FY 2021). Profit margin: 75% (up from 65% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 10 non-independent directors. Director Mohamed Haji Husain Alkhoori was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Announcement • Oct 29
Emirates Driving Company P.J.S.C. Endorses the Payment of an Interim Cash Dividend for the Third Quarter of 2022 The board of directors of Emirates Driving Company P.J.S.C. endorsed the payment of an interim cash dividend for the third quarter of 2022 by 15% of paid capital in total amount of AED 13,467,960 which equal to 15 fils per share. Ex-dividend date is 4 November 2022. Record date is 7 November 2022. Reported Earnings • Oct 19
Third quarter 2022 earnings released: EPS: د.إ0.71 (vs د.إ0.50 in 3Q 2021) Third quarter 2022 results: EPS: د.إ0.71 (up from د.إ0.50 in 3Q 2021). Revenue: د.إ93.3m (up 42% from 3Q 2021). Net income: د.إ64.1m (up 42% from 3Q 2021). Profit margin: 69% (in line with 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 20% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Sep 16
Now 23% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be د.إ30.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 3.9% in 2 years. Earnings is forecast to decline by 12% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 18% share price gain to د.إ25.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Consumer Services industry in Asia. Total returns to shareholders of 273% over the past three years. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: د.إ0.53 (vs د.إ0.43 in 2Q 2021) Second quarter 2022 results: EPS: د.إ0.53 (up from د.إ0.43 in 2Q 2021). Revenue: د.إ80.5m (up 38% from 2Q 2021). Net income: د.إ47.3m (up 24% from 2Q 2021). Profit margin: 59% (down from 65% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 19% growth forecast for the industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 05
Emirates Driving Company P.J.S.C. Announces Interim Cash Dividend for the Second Quarter of 2022 Emirates Driving Company PJSC announced the release of dividend payment according to the AGM meeting held on 3rd March 2022 and its board of directors meeting held on 29th June 2022 by approving and endorsing an interim cash dividend for the second quarter of 2022 by 15% of paid capital in total amount of AED 13,467,960. Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 10 non-independent directors. Director Mohamed Haji Husain Alkhoori was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Reported Earnings • Apr 21
First quarter 2022 earnings released: EPS: د.إ0.84 (vs د.إ0.53 in 1Q 2021) First quarter 2022 results: EPS: د.إ0.84 (up from د.إ0.53 in 1Q 2021). Revenue: د.إ76.2m (up 18% from 1Q 2021). Net income: د.إ75.6m (up 60% from 1Q 2021). Profit margin: 99% (up from 73% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 04
Upcoming dividend of د.إ0.50 per share Eligible shareholders must have bought the stock before 11 March 2022. Payment date: 24 April 2022. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Emirian dividend payers (6.0%). Higher than average of industry peers (3.3%). Upcoming Dividend • Mar 04
Upcoming dividend of د.إ0.50 per share Eligible shareholders must have bought the stock before 11 March 2022. Payment date: 24 April 2022. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Emirian dividend payers (6.0%). Higher than average of industry peers (3.3%). Reported Earnings • Jan 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.إ1.87 (up from د.إ1.42 in FY 2020). Revenue: د.إ260.1m (up 7.9% from FY 2020). Net income: د.إ168.0m (up 32% from FY 2020). Profit margin: 65% (up from 53% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 15
Third quarter 2021 earnings released: EPS د.إ0.50 (vs د.إ0.43 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: د.إ65.8m (down 5.5% from 3Q 2020). Net income: د.إ45.3m (up 18% from 3Q 2020). Profit margin: 69% (up from 55% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 18% share price gain to د.إ20.02, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 22x in the Consumer Services industry in Asia. Total returns to shareholders of 267% over the past three years. Reported Earnings • Jul 20
Second quarter 2021 earnings released: EPS د.إ0.43 (vs د.إ0.025 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: د.إ58.5m (up 85% from 2Q 2020). Net income: د.إ38.3m (up د.إ36.0m from 2Q 2020). Profit margin: 65% (up from 7.1% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS د.إ0.53 (vs د.إ0.54 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: د.إ64.7m (down 7.7% from 1Q 2020). Net income: د.إ47.3m (down 2.3% from 1Q 2020). Profit margin: 73% (up from 69% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 25
New 90-day high: د.إ15.10 The company is up 17% from its price of د.إ12.86 on 26 November 2020. The Emirian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is down 2.0% over the same period. Reported Earnings • Feb 06
Full year 2020 earnings released: EPS د.إ1.40 (vs د.إ1.25 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: د.إ241.0m (up 15% from FY 2019). Net income: د.إ127.0m (up 13% from FY 2019). Profit margin: 53% (down from 54% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 27
Emirates Driving Company P.J.S.C. to Report Fiscal Year 2020 Results on Feb 02, 2021 Emirates Driving Company P.J.S.C. announced that they will report fiscal year 2020 results on Feb 02, 2021 Is New 90 Day High Low • Dec 07
New 90-day low: د.إ12.22 The company is down 11% from its price of د.إ13.70 on 08 September 2020. The Emirian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 3.0% over the same period. 
