Emaar Properties PJSC Future Growth

Future criteria checks 2/6

Emaar Properties PJSC is forecast to grow earnings and revenue by 7.5% and 12.4% per annum respectively. EPS is expected to grow by 7.7% per annum. Return on equity is forecast to be 12.9% in 3 years.

Key information

7.5%

Earnings growth rate

7.7%

EPS growth rate

Real Estate earnings growth	9.7%
Revenue growth rate	12.4%
Future return on equity	12.9%
Analyst coverage	Good
Last updated	17 Dec 2024

Recent future growth updates

Earnings Miss: Emaar Properties PJSC Missed EPS By 6.6% And Analysts Are Revising Their Forecasts

Aug 15

Recent updates

Earnings Miss: Emaar Properties PJSC Missed EPS By 6.6% And Analysts Are Revising Their Forecasts

Aug 15

Potential Upside For Emaar Properties PJSC (DFM:EMAAR) Not Without Risk

May 23

Emaar Properties PJSC's (DFM:EMAAR) Prospects Need A Boost To Lift Shares

Feb 02

Earnings and Revenue Growth Forecasts

DFM:EMAAR - Analysts future estimates and past financials data (AED Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	43,386	14,750	11,411	19,069	8
12/31/2025	37,754	13,268	12,242	15,402	9
12/31/2024	31,936	11,805	13,315	14,458	11
9/30/2024	32,172	11,915	20,413	21,023	N/A
6/30/2024	28,889	12,024	17,508	18,120	N/A
3/31/2024	27,183	11,344	16,609	17,014	N/A
12/31/2023	26,750	11,629	19,241	19,831	N/A
9/30/2023	24,395	9,278	24,517	25,390	N/A
6/30/2023	23,619	7,477	22,105	22,936	N/A
3/31/2023	24,580	7,799	19,554	20,662	N/A
12/31/2022	24,926	6,832	17,978	18,942	N/A
9/30/2022	27,674	7,013	12,104	13,090	N/A
6/30/2022	29,111	6,541	12,025	13,136	N/A
3/31/2022	28,611	5,383	10,752	11,924	N/A
12/31/2021	27,896	3,801	9,273	10,561	N/A
9/30/2021	24,732	2,630	7,732	8,585	N/A
6/30/2021	22,100	1,972	5,201	5,899	N/A
3/31/2021	18,552	2,157	3,079	3,919	N/A
12/31/2020	17,959	2,109	1,389	2,137	N/A
9/30/2020	19,293	3,815	631	1,957	N/A
6/30/2020	21,237	4,788	1,351	2,769	N/A
3/31/2020	24,020	5,067	552	1,873	N/A
12/31/2019	24,586	6,200	-835	618	N/A
9/30/2019	25,948	6,241	-843	687	N/A
6/30/2019	25,221	6,019	-1,942	112	N/A
3/31/2019	25,660	6,225	-3,146	-757	N/A
12/31/2018	25,694	6,139	-1,198	1,444	N/A
9/30/2018	22,791	5,755	-3,399	-886	N/A
6/30/2018	23,053	6,193	N/A	62	N/A
3/31/2018	20,608	5,813	N/A	1,677	N/A
12/31/2017	18,752	5,572	N/A	2,567	N/A
9/30/2017	17,787	5,956	N/A	3,091	N/A
6/30/2017	16,024	5,553	N/A	2,169	N/A
3/31/2017	16,083	5,598	N/A	2,545	N/A
12/31/2016	15,540	5,419	N/A	2,485	N/A
9/30/2016	14,915	4,654	N/A	4,527	N/A
6/30/2016	14,397	4,352	N/A	5,301	N/A
3/31/2016	14,166	4,261	N/A	5,414	N/A
12/31/2015	13,661	4,082	N/A	5,613	N/A
9/30/2015	12,707	3,910	N/A	4,805	N/A
6/30/2015	11,365	3,768	N/A	5,903	N/A
3/31/2015	10,697	3,456	N/A	6,642	N/A
12/31/2014	9,930	3,293	N/A	7,830	N/A
9/30/2014	9,835	3,188	N/A	8,987	N/A
6/30/2014	10,195	3,068	N/A	8,820	N/A
3/31/2014	10,475	2,875	N/A	7,955	N/A
12/31/2013	10,328	2,568	N/A	6,581	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EMAAR's forecast earnings growth (7.5% per year) is below the savings rate (14.7%).

Earnings vs Market: EMAAR's earnings (7.5% per year) are forecast to grow faster than the AE market (5.4% per year).

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

Revenue vs Market: EMAAR's revenue (12.4% per year) is forecast to grow faster than the AE market (6.5% per year).

High Growth Revenue: EMAAR's revenue (12.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EMAAR's Return on Equity is forecast to be low in 3 years time (12.9%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 22:07
End of Day Share Price	2024/12/20 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

Emaar Properties PJSC is covered by 30 analysts. 11 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
Talha Nazar ul Haque	Aljazira Capital Company
Kais Kriaa	AlphaMena
Rim Ben Salah Gharbi	AlphaMena

Emaar Properties PJSC Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 9.2% to د.إ12.49

Earnings Miss: Emaar Properties PJSC Missed EPS By 6.6% And Analysts Are Revising Their Forecasts

Consensus EPS estimates increase by 29%

Consensus EPS estimates increase by 21%

Consensus revenue estimates decrease by 11%

Consensus forecasts updated

Recent updates

New minor risk - Share price stability

Price target increased by 9.2% to د.إ12.49

Investor sentiment improves as stock rises 16%

Emaar Properties PJSC's (DFM:EMAAR) Prospects Need A Boost To Lift Shares

Emaar Properties PJSC's (DFM:EMAAR) Earnings Offer More Than Meets The Eye

Now 21% overvalued after recent price rise

What Is Emaar Properties PJSC's (DFM:EMAAR) Share Price Doing?

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Take Care Before Diving Into The Deep End On Emaar Properties PJSC (DFM:EMAAR)

Earnings Miss: Emaar Properties PJSC Missed EPS By 6.6% And Analysts Are Revising Their Forecasts

Second quarter 2024 earnings released: EPS: د.إ0.27 (vs د.إ0.20 in 2Q 2023)

Potential Upside For Emaar Properties PJSC (DFM:EMAAR) Not Without Risk

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Emaar Properties PJSC, Annual General Meeting, Apr 22, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 29%

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Emaar Properties PJSC's (DFM:EMAAR) Prospects Need A Boost To Lift Shares

Consensus EPS estimates increase by 21%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Consensus revenue estimates decrease by 11%

Second quarter 2023 earnings released: EPS: د.إ0.20 (vs د.إ0.25 in 2Q 2022)

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus forecasts updated

Consensus forecasts updated

Third quarter 2022 earnings released: EPS: د.إ0.18 (vs د.إ0.14 in 3Q 2021)

High number of new directors

Consensus forecasts updated

Consensus forecasts updated

Second quarter 2022 earnings released: EPS: د.إ0.25 (vs د.إ0.13 in 2Q 2021)

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Consensus forecasts updated

Now 21% undervalued

Now 21% undervalued

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

High number of new directors

Consensus revenue estimates fall by 13%

Consensus forecasts updated

Consensus forecasts updated

Emaar Properties PJSC (DFM:EMAAR) completed the acquisition of remaining 15% stake in Emaar Malls PJSC (DFM:EMAARMALLS)

Consensus forecasts updated

Second quarter 2021 earnings released: EPS د.إ0.13 (vs د.إ0.17 in 2Q 2020)

Consensus forecasts updated

Consensus forecasts updated

First quarter 2021 earnings released: EPS د.إ0.09 (vs د.إ0.09 in 1Q 2020)

Full year 2020 earnings released: EPS د.إ0.37 (vs د.إ0.87 in FY 2019)

Revenue beats expectations, earnings disappoint

Price target raised to د.إ4.45

New 90-day high: د.إ4.13

Evergreen Hospitality Development Group, LLC agreed to acquire ASV Group Limited from Emaar Properties PJSC (DFM:EMAAR) for AED 750 million.

New 90-day high: د.إ3.77

Analysts update estimates

New 90-day high: د.إ3.44

Third quarter 2020 earnings released: EPS د.إ0.06

Revenue and earnings beat expectations

Analysts update estimates

New 90-day low: د.إ2.58

Analysts update estimates

New 90-day high - د.إ2.96

Price target lowered to د.إ3.70

Earnings released

National Central Cooling Company PJSC (DFM:TABREED) completed the acquisition of 80% stake in Downtown DCP LLC from Emaar Properties PJSC (DFM:EMAAR).

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies