Emirates Central Cooling Systems Corporation

DFM:EMPOWER Stock Report

Market Cap: د.إ18.3b

Emirates Central Cooling Systems Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: EMPOWER (AED1.83) is trading below our estimate of fair value (AED2.55)

Significantly Below Fair Value: EMPOWER is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EMPOWER. This is calculated by dividing EMPOWER's market cap by their current earnings.
What is EMPOWER's PE Ratio?
PE Ratio19.9x
Earningsد.إ917.84m
Market Capد.إ18.30b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EMPOWER vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.2x
TABREED National Central Cooling Company PJSC
14.9x8.7%د.إ8.5b
DEWA Dubai Electricity and Water Authority (PJSC)
19.7x7.8%د.إ139.0b
270 Guangdong Investment
14.7x16.9%HK$42.6b
000598 Chengdu Xingrong Environment
11.5x11.6%CN¥22.7b
EMPOWER Emirates Central Cooling Systems
19.9x6.8%د.إ18.3b

Price-To-Earnings vs Peers: EMPOWER is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (15.2x).

Price to Earnings Ratio vs Industry

How does EMPOWER's PE Ratio compare vs other companies in the Asian Water Utilities Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EMPOWER 19.9xIndustry Avg. 15.6xNo. of Companies6PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EMPOWER is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the Asian Water Utilities industry average (15.4x).

Price to Earnings Ratio vs Fair Ratio

What is EMPOWER'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.

EMPOWER PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.9x
Fair PE Ratio20.4x

Price-To-Earnings vs Fair Ratio: EMPOWER is good value based on its Price-To-Earnings Ratio (19.9x) compared to the estimated Fair Price-To-Earnings Ratio (20.4x).

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 EMPOWER forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ1.83
د.إ2.11
+15.5%
12.5%د.إ2.70د.إ1.80n/a10
Dec ’25د.إ1.83
د.إ2.11
+15.5%
12.5%د.إ2.70د.إ1.80n/a10
Nov ’25د.إ1.79
د.إ2.08
+16.4%
11.2%د.إ2.70د.إ1.80n/a10
Oct ’25د.إ1.70
د.إ2.08
+22.4%
11.4%د.إ2.70د.إ1.77n/a10
Sep ’25د.إ1.72
د.إ2.08
+21.2%
12.0%د.إ2.70د.إ1.77n/a9
Aug ’25د.إ1.66
د.إ2.08
+25.6%
12.0%د.إ2.70د.إ1.77n/a9
Jul ’25د.إ1.55
د.إ2.11
+36.3%
11.4%د.إ2.70د.إ1.77n/a9
Jun ’25د.إ1.53
د.إ2.11
+38.1%
11.4%د.إ2.70د.إ1.77n/a9
May ’25د.إ1.61
د.إ2.11
+31.2%
13.2%د.إ2.80د.إ1.77n/a9
Apr ’25د.إ1.65
د.إ2.11
+28.0%
13.2%د.إ2.80د.إ1.77n/a9
Mar ’25د.إ1.66
د.إ2.11
+27.2%
13.2%د.إ2.80د.إ1.77n/a9
Feb ’25د.إ1.75
د.إ2.16
+23.3%
14.4%د.إ2.80د.إ1.77n/a8
Jan ’25د.إ1.66
د.إ2.13
+28.6%
14.0%د.إ2.80د.إ1.77n/a9
Dec ’24د.إ1.67
د.إ2.12
+27.1%
13.5%د.إ2.80د.إ1.77د.إ1.839
Nov ’24د.إ1.78
د.إ2.13
+19.8%
14.2%د.إ2.80د.إ1.77د.إ1.798
Oct ’24د.إ1.89
د.إ2.19
+15.9%
14.1%د.إ2.80د.إ1.95د.إ1.705
Sep ’24د.إ1.86
د.إ2.19
+17.7%
14.1%د.إ2.80د.إ1.95د.إ1.725
Aug ’24د.إ1.91
د.إ2.18
+14.3%
16.5%د.إ2.80د.إ1.93د.إ1.664
Jul ’24د.إ1.80
د.إ2.01
+11.5%
3.5%د.إ2.10د.إ1.93د.إ1.554
Jun ’24د.إ1.73
د.إ1.86
+7.5%
6.1%د.إ1.95د.إ1.70د.إ1.533
May ’24د.إ1.72
د.إ1.69
-1.6%
0.6%د.إ1.70د.إ1.68د.إ1.613
Apr ’24د.إ1.76
د.إ1.69
-3.8%
0.6%د.إ1.70د.إ1.68د.إ1.653
Mar ’24د.إ1.54
د.إ1.69
+10.0%
0.6%د.إ1.70د.إ1.68د.إ1.663
Feb ’24د.إ1.50
د.إ1.69
+12.9%
0.6%د.إ1.70د.إ1.68د.إ1.753
Jan ’24د.إ1.42
د.إ1.69
+19.0%
0.6%د.إ1.70د.إ1.68د.إ1.662

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 Analysis2024/12/27 04:09
End of Day Share Price 2024/12/27 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

Emirates Central Cooling Systems Corporation is covered by 11 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
Shadab AshfaqAl Ramz Capital LLC
Passant MohamedArqaam Capital Research Offshore S.A.L.
Soha SaniourArqaam Capital Research Offshore S.A.L.