Aramex PJSC

DFM:ARMX Stock Report

Market Cap: د.إ4.1b

Aramex PJSC Valuation

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

Discounted Cash Flow
Simply Wall St
د.إ2.79
Fair Value
0.8% overvalued intrinsic discount
7
Number of Analysts

Below Fair Value: ARMX (AED2.81) is trading above our estimate of fair value (AED2.79)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ARMX. This is calculated by dividing ARMX's market cap by their current earnings.
What is ARMX's PE Ratio?
PE Ratio30.3x
Earningsد.إ135.47m
Market Capد.إ4.11b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ARMX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.9x
AGILITY Agility Global
25.3x4.1%د.إ13.4b
DTC Dubai Taxi Company P.J.S.C
21.2x9.3%د.إ6.9b
9699 Hangzhou SF Intra-city Industrial
95.2x56.3%HK$8.4b
9025 Konoike TransportLtd
9.8x0.8%JP¥162.1b
ARMX Aramex PJSC
30.3x21.5%د.إ4.1b

Price-To-Earnings vs Peers: ARMX is good value based on its Price-To-Earnings Ratio (30.3x) compared to the peer average (37.9x).

Price to Earnings Ratio vs Industry

How does ARMX's PE Ratio compare vs other companies in the Asian Logistics Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ARMX 30.3xIndustry Avg. 15.3xNo. of Companies29PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ARMX is expensive based on its Price-To-Earnings Ratio (30.3x) compared to the Asian Logistics industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is ARMX'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.

ARMX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.3x
Fair PE Ratio22.9x

Price-To-Earnings vs Fair Ratio: ARMX is expensive based on its Price-To-Earnings Ratio (30.3x) compared to the estimated Fair Price-To-Earnings Ratio (22.9x).

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 ARMX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ2.81
د.إ3.07
+9.4%
15.8%د.إ4.00د.إ2.53n/a7
Feb ’26د.إ2.83
د.إ3.03
+6.9%
15.7%د.إ4.00د.إ2.47n/a8
Jan ’26د.إ2.20
د.إ3.03
+37.8%
15.4%د.إ4.00د.إ2.52n/a8
Dec ’25د.إ2.27
د.إ3.03
+33.6%
15.4%د.إ4.00د.إ2.52n/a8
Nov ’25د.إ2.26
د.إ3.02
+33.7%
16.0%د.إ4.00د.إ2.44n/a8
Oct ’25د.إ2.28
د.إ3.02
+32.5%
16.0%د.إ4.00د.إ2.44n/a8
Sep ’25د.إ2.42
د.إ3.02
+24.7%
15.1%د.إ4.00د.إ2.44n/a9
Aug ’25د.إ2.49
د.إ3.11
+24.8%
12.3%د.إ4.00د.إ2.69n/a9
Jul ’25د.إ2.49
د.إ3.04
+22.0%
13.8%د.إ4.00د.إ2.40n/a10
Jun ’25د.إ2.70
د.إ3.04
+12.5%
13.8%د.إ4.00د.إ2.40n/a10
May ’25د.إ2.55
د.إ3.01
+18.1%
14.2%د.إ4.00د.إ2.40n/a10
Apr ’25د.إ2.48
د.إ3.06
+23.5%
18.0%د.إ4.50د.إ2.40n/a10
Mar ’25د.إ2.41
د.إ3.06
+26.8%
18.2%د.إ4.50د.إ2.40n/a10
Feb ’25د.إ2.08
د.إ3.10
+49.0%
18.2%د.إ4.50د.إ2.40د.إ2.839
Jan ’25د.إ2.29
د.إ3.10
+35.3%
18.2%د.إ4.50د.إ2.40د.إ2.209
Dec ’24د.إ1.97
د.إ3.10
+57.3%
18.2%د.إ4.50د.إ2.40د.إ2.279
Nov ’24د.إ2.31
د.إ3.44
+48.9%
13.8%د.إ4.50د.إ2.97د.إ2.268
Oct ’24د.إ2.15
د.إ3.44
+59.9%
13.8%د.إ4.50د.إ2.97د.إ2.288
Sep ’24د.إ2.54
د.إ3.44
+35.4%
13.8%د.إ4.50د.إ2.97د.إ2.428
Aug ’24د.إ2.89
د.إ3.68
+27.4%
13.2%د.إ4.50د.إ3.00د.إ2.498
Jul ’24د.إ2.81
د.إ3.92
+39.5%
11.1%د.إ4.50د.إ3.15د.إ2.498
Jun ’24د.إ2.95
د.إ3.97
+34.4%
11.2%د.إ4.50د.إ3.15د.إ2.707
May ’24د.إ3.25
د.إ4.12
+26.7%
7.5%د.إ4.50د.إ3.59د.إ2.556
Apr ’24د.إ3.29
د.إ4.23
+28.4%
10.7%د.إ5.00د.إ3.59د.إ2.486
Mar ’24د.إ3.54
د.إ4.37
+23.3%
7.2%د.إ5.00د.إ4.10د.إ2.416
Feb ’24د.إ3.60
د.إ4.43
+22.9%
6.9%د.إ5.00د.إ4.10د.إ2.086
Analyst Price Target
Consensus Narrative from 7 Analysts
د.إ3.07
Fair Value
8.6% undervalued intrinsic discount
7
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 Analysis2025/02/16 11:36
End of Day Share Price 2025/02/14 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

Aramex PJSC is covered by 19 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Abdullah AlawiAljazira Capital Company
Kais KriaaAlphaMena
Fadwa AouiniAlphaMena