Emirates Telecommunications Group Company PJSC Future Growth

Future criteria checks 2/6

Emirates Telecommunications Group Company PJSC's earnings are forecast to decline at 2% per annum while its annual revenue is expected to grow at 7.5% per year. EPS is expected to decline by 0.8% per annum. Return on equity is forecast to be 21.6% in 3 years.

Key information

-2.0%

Earnings growth rate

-0.76%

EPS growth rate

Telecom earnings growth	8.3%
Revenue growth rate	7.5%
Future return on equity	21.60%
Analyst coverage	Good
Last updated	21 May 2025

Recent future growth updates

Emirates Telecommunications Group Company PJSC Just Recorded A 37% EPS Beat: Here's What Analysts Are Forecasting Next

May 04

Emirates Telecommunications Group Company PJSC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Nov 02

Emirates Telecommunications Group Company PJSC Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Aug 04

Recent updates

Returns At Emirates Telecommunications Group Company PJSC (ADX:EAND) Appear To Be Weighed Down

May 25

Emirates Telecommunications Group Company PJSC Just Recorded A 37% EPS Beat: Here's What Analysts Are Forecasting Next

May 04

Be Wary Of Emirates Telecommunications Group Company PJSC (ADX:EAND) And Its Returns On Capital

Feb 17

Why Investors Shouldn't Be Surprised By Emirates Telecommunications Group Company PJSC's (ADX:EAND) P/E

Dec 26

Emirates Telecommunications Group Company PJSC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Nov 02

Some Investors May Be Worried About Emirates Telecommunications Group Company PJSC's (ADX:EAND) Returns On Capital

Oct 29

What You Can Learn From Emirates Telecommunications Group Company PJSC's (ADX:EAND) P/E

Sep 02

Emirates Telecommunications Group Company PJSC (ADX:EAND) Is Increasing Its Dividend To AED0.415

Aug 07

Emirates Telecommunications Group Company PJSC Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Aug 04

Emirates Telecommunications Group Company PJSC (ADX:EAND) May Have Issues Allocating Its Capital

Jul 21

Earnings and Revenue Growth Forecasts

ADX:EAND - Analysts future estimates and past financials data (AED Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	78,586	13,271	12,935	24,957	7
12/31/2026	74,409	12,228	11,007	23,971	9
12/31/2025	69,780	12,748	11,627	23,780	9
3/31/2025	61,854	13,778	11,156	21,120	N/A
12/31/2024	59,203	10,752	12,228	21,733	N/A
9/30/2024	56,468	11,073	10,030	17,716	N/A
6/30/2024	55,441	11,090	8,832	16,470	N/A
3/31/2024	54,963	10,447	8,641	16,456	N/A
12/31/2023	53,752	10,305	7,947	15,206	N/A
9/30/2023	53,148	10,348	9,148	16,927	N/A
6/30/2023	52,724	9,852	11,060	18,660	N/A
3/31/2023	52,106	9,760	9,473	16,962	N/A
12/31/2022	52,434	10,007	11,098	19,135	N/A
9/30/2022	52,913	9,484	10,238	18,260	N/A
6/30/2022	53,234	9,437	8,437	17,574	N/A
3/31/2022	53,454	9,401	11,360	20,286	N/A
12/31/2021	53,342	9,317	9,751	18,111	N/A
9/30/2021	52,793	9,229	10,841	19,258	N/A
6/30/2021	52,538	9,205	12,198	19,423	N/A
3/31/2021	51,815	9,198	11,594	18,719	N/A
12/31/2020	51,708	9,027	11,875	18,968	N/A
9/30/2020	51,985	8,941	11,246	19,240	N/A
6/30/2020	51,923	8,815	10,383	18,694	N/A
3/31/2020	52,310	8,659	10,871	19,103	N/A
12/31/2019	52,186	8,693	10,653	19,426	N/A
9/30/2019	51,880	9,037	10,744	18,989	N/A
6/30/2019	52,053	8,991	10,919	18,913	N/A
3/31/2019	52,273	8,982	10,165	18,853	N/A
12/31/2018	52,388	8,916	N/A	19,039	N/A
9/30/2018	52,810	8,639	N/A	17,817	N/A
6/30/2018	52,549	8,851	N/A	18,237	N/A
3/31/2018	52,277	8,644	N/A	19,659	N/A
12/31/2017	51,636	8,634	N/A	20,227	N/A
9/30/2017	51,117	8,868	N/A	20,381	N/A
6/30/2017	51,472	8,647	N/A	20,353	N/A
3/31/2017	51,971	8,973	N/A	18,754	N/A
12/31/2016	52,360	8,853	N/A	18,926	N/A
9/30/2016	52,019	9,195	N/A	20,557	N/A
6/30/2016	51,657	8,993	N/A	19,816	N/A
3/31/2016	51,455	8,327	N/A	21,593	N/A
12/31/2015	51,329	8,581	N/A	20,425	N/A
9/30/2015	51,937	8,337	N/A	17,991	N/A
6/30/2015	52,175	8,478	N/A	17,640	N/A
3/31/2015	51,413	8,925	N/A	17,109	N/A
12/31/2014	48,508	8,716	N/A	17,209	N/A
9/30/2014	44,789	7,871	N/A	16,422	N/A
6/30/2014	41,262	7,525	N/A	15,486	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EAND's earnings are forecast to decline over the next 3 years (-2% per year).

Earnings vs Market: EAND's earnings are forecast to decline over the next 3 years (-2% per year).

High Growth Earnings: EAND's earnings are forecast to decline over the next 3 years.

Revenue vs Market: EAND's revenue (7.5% per year) is forecast to grow faster than the AE market (7.1% per year).

High Growth Revenue: EAND's revenue (7.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EAND's Return on Equity is forecast to be high in 3 years time (21.6%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/02 18:34
End of Day Share Price	2025/06/02 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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.

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

Emirates Telecommunications Group Company PJSC is covered by 23 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.

Analyst	Institution
Myriam Chaabouni	AlphaMena
Nikhil Mishra	Al Ramz Capital LLC
Ziad Itani	Arqaam Capital Research Offshore S.A.L.

Emirates Telecommunications Group Company PJSC Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Emirates Telecommunications Group Company PJSC Just Recorded A 37% EPS Beat: Here's What Analysts Are Forecasting Next

Emirates Telecommunications Group Company PJSC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Emirates Telecommunications Group Company PJSC Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Recent updates

Returns At Emirates Telecommunications Group Company PJSC (ADX:EAND) Appear To Be Weighed Down

Emirates Telecommunications Group Company PJSC Just Recorded A 37% EPS Beat: Here's What Analysts Are Forecasting Next

First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of د.إ0.41 per share

Emirates Telecommunications Group Company PJSC Approves Dividend for the Second Half of the Year Ended 31 December 2024, Payable on 9 May 2025

Now 21% undervalued

Group 42 Holding Ltd completed the acquisition of additional 40% stake in Khazna Data Center Limited from Emirates Telecommunications Group Company PJSC (ADX:EAND).

Final dividend of د.إ0.41 announced

Now 20% undervalued

Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat

Group 42 Holding Ltd entered a binding agreement to acquire an additional 40% stake in Khazna Data Center Limited from Emirates Telecommunications Group Company PJSC (ADX:EAND) for $2.2 billion.

Be Wary Of Emirates Telecommunications Group Company PJSC (ADX:EAND) And Its Returns On Capital

Emirates Telecommunications Group Company PJSC to Report Q3, 2025 Results on Oct 29, 2025

Why Investors Shouldn't Be Surprised By Emirates Telecommunications Group Company PJSC's (ADX:EAND) P/E

Emirates Telecommunications Group Company PJSC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Now 20% undervalued

Some Investors May Be Worried About Emirates Telecommunications Group Company PJSC's (ADX:EAND) Returns On Capital

Emirates Telecommunications Group Company PJSC (ADX:EAND) completed the acquisition of majority stake in Assets in Bulgaria, Hungary, Serbia and Slovakia from PPF Group N.V.

What You Can Learn From Emirates Telecommunications Group Company PJSC's (ADX:EAND) P/E

Now 21% undervalued

Emirates Telecommunications Group Company PJSC (ADX:EAND) Is Increasing Its Dividend To AED0.415

First half dividend of د.إ0.41 announced

Emirates Telecommunications Group Company PJSC Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

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

Emirates Telecommunications Group Company PJSC (ADX:EAND) May Have Issues Allocating Its Capital

Abu Dhabi’s E& Eyes €8 Billion Telecom Firm United Group

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of د.إ0.40 per share

Emirates Telecommunications Group Company PJSC Approves Dividend for the Second Half of the Year Ended 31 December 2023, Payable on 10 May 2024

Insufficient new directors

Emirates Telecommunications Group Company PJSC, Annual General Meeting, Apr 23, 2024

Emirates Telecommunications Group Company PJSC to Report Q1, 2024 Results on Apr 30, 2024

Final dividend of د.إ0.40 announced

Full year 2023 earnings released: EPS: د.إ1.18 (vs د.إ1.15 in FY 2022)

Full year 2023 earnings released: EPS: د.إ1.18 (vs د.إ1.15 in FY 2022)

Now 21% overvalued

Emirates Telecommunications Group Company PJSC to Report Fiscal Year 2023 Results on Feb 14, 2024

UAEs e& Will Not Be Raising Stake in Saudi Telco Mobily to 50% Plus

Emirates Telecommunications Group Company PJSC (ADX:EAND) completed the acquisition of 50.03% stake in super-app business of Careem Networks FZ LLC.

Emirates Telecommunications Group Company PJSC (ADX:EAND) agreed to acquire additional 10.4% stake in Vodafone Group Public Limited Company (LSE:VOD).

Third quarter 2023 earnings released: EPS: د.إ0.34 (vs د.إ0.29 in 3Q 2022)

Emirates Telecommunications Group Company PJSC (ADX:EAND) signed an agreement to acquire 50% stake in Assets in Bulgaria, Hungary, Serbia and Slovakia from PPF Group N.V. for €2.5 billion.

New minor risk - Financial position

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Emirates Telecommunications in Early Stage of Assessing Potential Stake Acquisition in Ethio Telecom

First quarter 2023 earnings released: EPS: د.إ0.25 (vs د.إ0.28 in 1Q 2022)

Full year 2022 earnings: EPS exceeds analyst expectations

Emirates Telecommunications Group Company PJSC (ADX:EAND) acquired Service Souk DMCC for AED 81 million.

Emirates Telecommunications Group Company PJSC to Report Q4, 2022 Final Results on Mar 06, 2023

Emirates Telecommunications Group Company PJSC acquired a 13% stake in Vodafone Group Public Limited Company.

Emirates Telecommunications Group Company PJSC to Report Q4, 2022 Results on Feb 14, 2023

Emirates Telecommunications Group Company PJSC acquired an unknown minority stake in Vodafone Group Public Limited Company.

Emirates Telecommunications Group Company PJSC (ADX:EAND) acquired an additional unknown minority stake in Vodafone Group Public Limited Company (LSE:VOD).

Third quarter 2022 earnings: EPS exceeds analyst expectations

Emirates Telecommunications Group Company PJSC to Report Q3, 2022 Results on Nov 01, 2022

Second quarter 2022 earnings: EPS exceeds analyst expectations

Emirates Telecommunications Group Company PJSC Approves Distribution for the First Half of the Year 2022, Payable on August 11, 2022

Emirates Telecommunications Group Company PJSC to Report Q2, 2022 Results on Aug 01, 2022

Emirates Telecommunications Group Company PJSC (ADX:ETISALAT) acquired 9.8% stake in Vodafone Group Public Limited Company (LSE:VOD) for $4.4 billion.

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

Emirates Telecommunications Group Company PJSC to Report Q1, 2022 Results on Apr 25, 2022

Emirates Telecommunications Group Company PJSC Approves Cash Dividend for the Second Half of the Year 2021, Payable on 25 April 2022

Emirates Telecommunications Group Company PJSC (ADX:ETISALAT) acquired an additional 50.01% stake in Digital Financial Services LLC.

Emirates Telecommunications Group Company PJSC Proposes Distribution of Final Dividends for the Second Half of the Year 2021

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Insufficient new directors

Emirates Telecommunications Group Company PJSC Appoints Mikhail Gerchuk as CEO-International

Emirates Telecommunications Group Company PJSC to Report Q4, 2021 Results on Feb 14, 2022

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS د.إ0.28 (vs د.إ0.28 in 3Q 2020)

Emirates Telecommunications Group Company PJSC (ADX:ETISALAT) signed an agreement to acquire 4.6% stake in Itissalat Al-Maghrib (IAM) S.A. (CBSE:IAM) for approximately $500 million.

Earnings and Revenue Growth Forecasts