Dubai Financial Market P.J.S.C.

DFM:DFM Stock Report

Market Cap: د.إ12.0b

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 Ratio28.6x
Earningsد.إ418.66m
Market Capد.إ11.99b

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
11.4x11.4%د.إ4.4b
ALANSARI Al Ansari Financial Services PJSC
17.6x20.3%د.إ7.3b
WAHA Al Waha Capital PJSC
5.6xn/aد.إ2.8b
MCX Multi Commodity Exchange of India
93.2x28.9%₹323.4b
DFM Dubai Financial Market P.J.S.C
28.6x6.0%د.إ12.0b

Price-To-Earnings vs Peers: DFM is good value based on its Price-To-Earnings Ratio (28.6x) 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?

38 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DFM 28.6xIndustry Avg. 17.8xNo. of Companies84PE01632486480+
38 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DFM is expensive based on its Price-To-Earnings Ratio (28.6x) 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 Ratio28.6x
Fair PE Ratio17.1x

Price-To-Earnings vs Fair Ratio: DFM is expensive based on its Price-To-Earnings Ratio (28.6x) compared to the estimated Fair Price-To-Earnings Ratio (17.1x).

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.إ1.50
د.إ1.38
-8.0%
7.4%د.إ1.50د.إ1.25n/a3
Dec ’25د.إ1.38
د.إ1.38
0%
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.إ1.35د.إ1.383
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/28 15:18
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Dubai Financial Market P.J.S.C. is covered by 16 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kais KriaaAlphaMena
Jaap MeijerArqaam Capital Research Offshore S.A.L.
Munir ShahinBofA Global Research