Dubai Financial Market P.J.S.C.

DFM:DFM Stock Report

Market Cap: د.إ11.1b

Dubai Financial Market P.J.S.C Valuation

Is DFM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DFM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate DFM's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate DFM's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DFM?

Key metric: As DFM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DFM. This is calculated by dividing DFM's market cap by their current earnings.
What is DFM's PE Ratio?
PE Ratio26.5x
Earningsد.إ418.66m
Market Capد.إ11.11b

Price to Earnings Ratio vs Peers

How does DFM's PE Ratio compare to its peers?

The above table shows the PE ratio for DFM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32x
ICAP Investcorp Capital
11.5x11.3%د.إ4.4b
ALANSARI Al Ansari Financial Services PJSC
17.8x20.3%د.إ7.4b
MCX Multi Commodity Exchange of India
89.9x28.7%₹311.9b
EIBANK Emirates Investment Bank P.J.S.C
9xn/aد.إ1.0b
DFM Dubai Financial Market P.J.S.C
26.5x6.0%د.إ11.1b

Price-To-Earnings vs Peers: DFM is good value based on its Price-To-Earnings Ratio (26.5x) compared to the peer average (32x).

Price to Earnings Ratio vs Industry

How does DFM's PE Ratio compare vs other companies in the Asian Capital Markets Industry?

43 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DFM 26.5xIndustry Avg. 18.0xNo. of Companies98PE01632486480+
43 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DFM is expensive based on its Price-To-Earnings Ratio (26.5x) compared to the Asian Capital Markets industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is DFM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DFM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.5x
Fair PE Ratio16.7x

Price-To-Earnings vs Fair Ratio: DFM is expensive based on its Price-To-Earnings Ratio (26.5x) compared to the estimated Fair Price-To-Earnings Ratio (16.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DFM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ1.39
د.إ1.38
-0.7%
7.4%د.إ1.50د.إ1.25n/a3
Nov ’25د.إ1.26
د.إ1.38
+9.5%
7.4%د.إ1.50د.إ1.25n/a3
Oct ’25د.إ1.33
د.إ1.38
+3.8%
7.4%د.إ1.50د.إ1.25n/a3
Sep ’25د.إ1.29
د.إ1.38
+7.0%
7.4%د.إ1.50د.إ1.25n/a3
Aug ’25د.إ1.30
د.إ1.41
+8.5%
9.9%د.إ1.59د.إ1.25n/a3
Jul ’25د.إ1.27
د.إ1.42
+11.5%
9.8%د.إ1.59د.إ1.25n/a3
Jun ’25د.إ1.29
د.إ1.43
+11.1%
8.3%د.إ1.59د.إ1.30n/a3
May ’25د.إ1.37
د.إ1.42
+3.6%
8.7%د.إ1.59د.إ1.30n/a3
Apr ’25د.إ1.47
د.إ1.42
-3.4%
8.7%د.إ1.59د.إ1.30n/a3
Mar ’25د.إ1.34
د.إ1.42
+6.0%
8.7%د.إ1.59د.إ1.30n/a3
Feb ’25د.إ1.36
د.إ1.45
+6.4%
7.1%د.إ1.59د.إ1.35n/a3
Jan ’25د.إ1.39
د.إ1.45
+4.1%
7.1%د.إ1.59د.إ1.35n/a3
Dec ’24د.إ1.45
د.إ1.45
-0.2%
7.1%د.إ1.59د.إ1.35n/a3
Nov ’24د.إ1.31
د.إ1.45
+10.7%
6.8%د.إ1.57د.إ1.33د.إ1.263
Oct ’24د.إ1.59
د.إ1.45
-8.8%
6.8%د.إ1.57د.إ1.33د.إ1.333
Sep ’24د.إ1.60
د.إ1.45
-9.4%
6.8%د.إ1.57د.إ1.33د.إ1.293
Aug ’24د.إ1.67
د.إ1.44
-14.0%
9.5%د.إ1.62د.إ1.29د.إ1.303
Jul ’24د.إ1.50
د.إ1.44
-4.2%
9.5%د.إ1.62د.إ1.29د.إ1.273
Jun ’24د.إ1.42
د.إ1.45
+1.9%
8.8%د.إ1.62د.إ1.32د.إ1.293
May ’24د.إ1.48
د.إ1.45
-2.3%
8.8%د.إ1.62د.إ1.32د.إ1.373
Apr ’24د.إ1.27
د.إ1.45
+14.4%
8.6%د.إ1.62د.إ1.32د.إ1.473
Mar ’24د.إ1.43
د.إ1.53
+7.2%
13.0%د.إ1.80د.إ1.32د.إ1.343
Feb ’24د.إ1.46
د.إ1.51
+3.2%
15.2%د.إ1.80د.إ1.24د.إ1.363
Jan ’24د.إ1.51
د.إ1.55
+2.4%
15.0%د.إ1.80د.إ1.24د.إ1.393
Dec ’23د.إ1.63
د.إ1.58
-3.1%
15.4%د.إ1.80د.إ1.24د.إ1.453
Nov ’23د.إ1.40
د.إ1.47
+5.0%
15.6%د.إ1.70د.إ1.24د.إ1.312

Analyst Forecast: Target price is lower than the current share price.

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