TECOM Group PJSC

DFM:TECOM Stock Report

Market Cap: د.إ20.6b

TECOM Group PJSC Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: TECOM (AED4.11) is trading above our estimate of future cash flow value (AED2.99)

Significantly Below Future Cash Flow Value: TECOM is trading above our estimate of future cash flow value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TECOM. This is calculated by dividing TECOM's market cap by their current earnings.
What is TECOM's PE Ratio?
PE Ratio9.9x
Earningsد.إ2.09b
Market Capد.إ20.55b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TECOM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.5x
ARAM ARAM Group Company P.J.S.C
10.3xn/aد.إ183.8m
EMAARDEV Emaar Development PJSC
7.3x13.51%د.إ74.0b
DEYAAR Deyaar Development PJSC
8.5x27.31%د.إ4.7b
ALDAR Aldar Properties PJSC
12.1x14.62%د.إ80.5b
TECOM TECOM Group PJSC
9.9x-7.08%د.إ20.6b

Price-To-Earnings vs Peers: TECOM is expensive based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (9.5x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

45 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TECOM 9.9xIndustry Avg. 15.7xNo. of Companies141PE01224364860+
45 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TECOM is good value based on its Price-To-Earnings Ratio (9.9x) compared to the Asian Real Estate industry average (15.9x).

Price to Earnings Ratio vs Fair Ratio

What is TECOM'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.

TECOM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ratio5.9x

Price-To-Earnings vs Fair Ratio: TECOM is expensive based on its Price-To-Earnings Ratio (9.9x) compared to the estimated Fair Price-To-Earnings Ratio (5.9x).

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 TECOM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ4.11
د.إ4.24
+3.24%
8.90%د.إ4.80د.إ3.80n/a6
Jan ’27د.إ3.41
د.إ4.22
+23.88%
8.56%د.إ4.80د.إ3.80n/a7
Dec ’26د.إ3.26
د.إ4.10
+25.61%
7.28%د.إ4.60د.إ3.80n/a6
Nov ’26د.إ3.26
د.إ4.10
+25.61%
7.28%د.إ4.60د.إ3.80n/a6
Oct ’26د.إ3.29
د.إ3.99
+21.28%
9.45%د.إ4.60د.إ3.36n/a7
Sep ’26د.إ3.34
د.إ3.99
+19.46%
9.45%د.إ4.60د.إ3.36n/a7
Aug ’26د.إ3.38
د.إ3.80
+12.43%
8.76%د.إ4.40د.إ3.36n/a6
Jul ’26د.إ3.27
د.إ3.77
+15.33%
7.88%د.إ4.40د.إ3.36n/a7
Jun ’26د.إ3.17
د.إ3.77
+18.97%
7.88%د.إ4.40د.إ3.36n/a7
May ’26د.إ3.09
د.إ3.69
+19.46%
8.90%د.إ4.40د.إ3.36n/a7
Apr ’26د.إ3.09
د.إ3.69
+19.46%
8.90%د.إ4.40د.إ3.36n/a7
Mar ’26د.إ3.14
د.إ3.58
+13.92%
4.37%د.إ3.80د.إ3.36n/a7
Feb ’26د.إ3.11
د.إ3.52
+13.32%
5.22%د.إ3.80د.إ3.20د.إ3.767
Jan ’26د.إ3.15
د.إ3.48
+10.43%
6.36%د.إ3.80د.إ3.17د.إ3.417
Dec ’25د.إ3.27
د.إ3.41
+4.41%
5.28%د.إ3.70د.إ3.17د.إ3.267
Nov ’25د.إ3.22
د.إ3.38
+5.06%
4.23%د.إ3.60د.إ3.17د.إ3.267
Oct ’25د.إ3.25
د.إ3.34
+2.77%
4.80%د.إ3.60د.إ3.15د.إ3.297
Sep ’25د.إ3.12
د.إ3.34
+7.05%
4.80%د.إ3.60د.إ3.15د.إ3.347
Aug ’25د.إ2.78
د.إ3.30
+18.76%
7.09%د.إ3.65د.إ2.94د.إ3.387
Jul ’25د.إ2.61
د.إ3.30
+26.49%
7.09%د.إ3.65د.إ2.94د.إ3.277
Jun ’25د.إ2.79
د.إ3.27
+17.05%
6.12%د.إ3.65د.إ2.94د.إ3.177
May ’25د.إ2.71
د.إ3.25
+19.99%
6.54%د.إ3.65د.إ2.94د.إ3.096
Apr ’25د.إ2.70
د.إ3.24
+19.88%
6.87%د.إ3.65د.إ2.94د.إ3.096
Mar ’25د.إ2.75
د.إ3.23
+17.51%
6.38%د.إ3.65د.إ2.94د.إ3.147
Feb ’25د.إ2.71
د.إ3.12
+14.97%
9.93%د.إ3.65د.إ2.56د.إ3.117
د.إ4.24
Fair Value
3.1% undervalued intrinsic discount
6
Number of Analysts

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 Analysis2026/02/05 06:42
End of Day Share Price 2026/02/05 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

TECOM Group PJSC is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mohamad HaidarArqaam Capital Research Offshore S.A.L.
Ahmad Bani HaniFAB Securities
Harsh MehtaGoldman Sachs