Aldar Properties PJSC

ADX:ALDAR Stock Report

Market Cap: د.إ58.7b

Aldar Properties PJSC Valuation

Is ALDAR 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 ALDAR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALDAR (AED7.49) is trading above our estimate of fair value (AED6.83)

Significantly Below Fair Value: ALDAR is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ALDAR. This is calculated by dividing ALDAR's market cap by their current earnings.
What is ALDAR's PE Ratio?
PE Ratio11.6x
Earningsد.إ5.06b
Market Capد.إ58.73b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ALDAR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.7x
UPP Union Properties
2x-50.6%د.إ1.7b
EMAARDEV Emaar Development PJSC
7.2x14.1%د.إ51.0b
EMAAR Emaar Properties PJSC
9.4x7.5%د.إ112.7b
TECOM TECOM Group PJSC
12.4x3.4%د.إ15.5b
ALDAR Aldar Properties PJSC
11.6x13.6%د.إ58.7b

Price-To-Earnings vs Peers: ALDAR is expensive based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (7.7x).

Price to Earnings Ratio vs Industry

How does ALDAR's PE Ratio compare vs other companies in the Asian Real Estate Industry?

50 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ALDAR 11.6xIndustry Avg. 15.1xNo. of Companies136PE01224364860+
50 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ALDAR is good value based on its Price-To-Earnings Ratio (11.6x) compared to the Asian Real Estate industry average (15.1x).

Price to Earnings Ratio vs Fair Ratio

What is ALDAR'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.

ALDAR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.6x
Fair PE Ratio9.7x

Price-To-Earnings vs Fair Ratio: ALDAR is expensive based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (9.7x).

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 ALDAR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ7.49
د.إ8.06
+7.6%
6.4%د.إ8.60د.إ6.80n/a10
Dec ’25د.إ7.53
د.إ7.99
+6.1%
6.8%د.إ8.60د.إ6.80n/a10
Nov ’25د.إ7.67
د.إ7.93
+3.4%
6.7%د.إ8.60د.إ6.80n/a10
Oct ’25د.إ7.54
د.إ7.79
+3.3%
6.7%د.إ8.60د.إ6.80n/a10
Sep ’25د.إ7.34
د.إ7.71
+5.0%
5.8%د.إ8.30د.إ6.80n/a10
Aug ’25د.إ7.19
د.إ7.14
-0.8%
7.4%د.إ8.00د.إ6.23n/a9
Jul ’25د.إ6.24
د.إ6.53
+4.6%
8.2%د.إ7.10د.إ5.13n/a9
Jun ’25د.إ5.50
د.إ6.49
+18.0%
8.6%د.إ7.10د.إ5.13n/a8
May ’25د.إ5.57
د.إ6.38
+14.5%
8.8%د.إ7.00د.إ5.13n/a8
Apr ’25د.إ5.55
د.إ6.32
+13.9%
8.3%د.إ7.00د.إ5.13n/a8
Mar ’25د.إ5.51
د.إ6.41
+16.4%
9.6%د.إ7.30د.إ5.13n/a8
Feb ’25د.إ5.04
د.إ6.16
+22.3%
6.1%د.إ6.60د.إ5.56n/a9
Jan ’25د.إ5.35
د.إ6.20
+15.8%
6.7%د.إ6.80د.إ5.56n/a9
Dec ’24د.إ5.67
د.إ6.20
+9.3%
6.7%د.إ6.80د.إ5.56د.إ7.539
Nov ’24د.إ5.44
د.إ6.21
+14.2%
6.5%د.إ6.80د.إ5.56د.إ7.679
Oct ’24د.إ5.76
د.إ6.11
+6.2%
6.8%د.إ6.80د.إ5.56د.إ7.549
Sep ’24د.إ5.32
د.إ6.11
+14.9%
6.8%د.إ6.80د.إ5.56د.إ7.349
Aug ’24د.إ5.23
د.إ5.91
+12.9%
7.9%د.إ6.60د.إ5.04د.إ7.1910
Jul ’24د.إ5.09
د.إ5.84
+14.8%
8.3%د.إ6.60د.إ5.04د.إ6.2410
Jun ’24د.إ5.10
د.إ5.84
+14.6%
8.3%د.إ6.60د.إ5.04د.إ5.5010
May ’24د.إ5.24
د.إ5.71
+9.0%
7.8%د.إ6.60د.إ5.04د.إ5.579
Apr ’24د.إ4.65
د.إ5.64
+21.3%
6.8%د.إ6.20د.إ5.04د.إ5.558
Mar ’24د.إ4.67
د.إ5.64
+20.7%
6.9%د.إ6.20د.إ5.01د.إ5.518
Feb ’24د.إ4.36
د.إ5.58
+28.0%
9.4%د.إ6.20د.إ4.60د.إ5.047
Jan ’24د.إ4.43
د.إ5.58
+26.0%
9.4%د.إ6.20د.إ4.60د.إ5.357
Dec ’23د.إ4.75
د.إ5.68
+19.6%
10.1%د.إ6.24د.إ4.60د.إ5.677

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 12:24
End of Day Share Price 2024/12/25 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

Aldar Properties PJSC is covered by 27 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Belhassen AchourAlphaMena
Kais KriaaAlphaMena
Mohamad HaidarArqaam Capital Research Offshore S.A.L.