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National Central Cooling Company PJSCDFM:TABREED Stock Report

Market Cap د.إ8.7b
Share Price
د.إ3.06
My Fair Value
د.إ3.87
21.0% undervalued intrinsic discount
1Y-1.3%
7D2.3%
Portfolio Value
​
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National Central Cooling Company PJSC

DFM:TABREED Stock Report

Market Cap: د.إ8.7b

National Central Cooling Company PJSC (TABREED) Stock Overview

Supplies chilled water in the United Arab Emirates and internationally. More details

TABREED fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends4/6

Rewards

Trading at 27.9% below our estimate of its fair value

Earnings grew by 83.9% over the past year

Analysts in good agreement that stock price will rise by 26.6%

Risk Analysis

Has a high level of debt

Unstable dividend track record


TABREED Community Fair Values

Create Narrative

See what 14 others think this stock is worth. Follow their fair value or set your own to get alerts.

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National Central Cooling Company PJSC

GCC Urbanization And Efficiency Targets Will Power Cooling Expansion

Key Takeaways Strong demand for district cooling, regulatory tailwinds, and large-scale projects ensure robust revenue growth and high visibility on recurring cash flows. Operational efficiencies, margin improvements, and disciplined financial management drive sustained profitability and support stable, growing dividends.
View narrative
د.إ3.88
FV
21.0% undervalued intrinsic discount
4.06%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
11users have followed this narrative
TABREED logo
National Central Cooling Company PJSC

Urbanization And Climate Trends In MENA Will Drive Cooling Demand

Key Takeaways Advanced technology adoption and strong project pipeline may drive revenue and margin growth well beyond market expectations as regional cooling demand surges. Solid financial position and favorable regulatory trends enable expansion, recurring revenues, and heightened long-term demand visibility across key regions.
View narrative
د.إ4.76
FV
35.7% undervalued intrinsic discount
5.37%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
TABREED logo
National Central Cooling Company PJSC

UAE Exposure And Debt Risks Will Test Resilience With Promise

Key Takeaways Heavy reliance on regional infrastructure cycles and regulatory changes exposes the company to revenue volatility and caps long-term market share growth. Increased leverage from recent acquisitions and high ongoing CapEx elevate financial risk, potentially restricting cash flow flexibility and dividend payments.
View narrative
د.إ3.48
FV
12.1% undervalued intrinsic discount
3.72%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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National Central Cooling Company PJSC Competitors

Price History & Performance

Summary of share price highs, lows and changes for National Central Cooling Company PJSC
Historical stock prices
Current Share Priceد.إ3.06
52 Week Highد.إ3.29
52 Week Lowد.إ2.49
Beta0.11
1 Month Change5.88%
3 Month Change2.68%
1 Year Change-1.29%
3 Year Change-7.27%
5 Year Change30.55%
Change since IPO-28.13%

Recent News & Updates

National Central Cooling Company PJSC (DFM:TABREED) Investors Are Less Pessimistic Than Expected

Jun 21
National Central Cooling Company PJSC (DFM:TABREED) Investors Are Less Pessimistic Than Expected

Recent updates

National Central Cooling Company PJSC (DFM:TABREED) Investors Are Less Pessimistic Than Expected

Jun 21
National Central Cooling Company PJSC (DFM:TABREED) Investors Are Less Pessimistic Than Expected

National Central Cooling Company PJSC (DFM:TABREED) Is Due To Pay A Dividend Of AED0.155

Feb 17
National Central Cooling Company PJSC (DFM:TABREED) Is Due To Pay A Dividend Of AED0.155
User avatar

Emerging Markets Expansion And AI Adoption Will Advance Energy Efficiency Initiatives

Strategic expansions in emerging markets are expected to drive revenue and geographic diversification through significant demand for energy-efficient cooling solutions.

National Central Cooling Company PJSC's (DFM:TABREED) Popularity With Investors Is Clear

Dec 26
National Central Cooling Company PJSC's (DFM:TABREED) Popularity With Investors Is Clear

Why National Central Cooling Company PJSC's (DFM:TABREED) Shaky Earnings Are Just The Beginning Of Its Problems

Aug 22
Why National Central Cooling Company PJSC's (DFM:TABREED) Shaky Earnings Are Just The Beginning Of Its Problems

Analysts Are Updating Their National Central Cooling Company PJSC (DFM:TABREED) Estimates After Its Second-Quarter Results

Aug 12
Analysts Are Updating Their National Central Cooling Company PJSC (DFM:TABREED) Estimates After Its Second-Quarter Results

Investors Still Waiting For A Pull Back In National Central Cooling Company PJSC (DFM:TABREED)

Jul 11
Investors Still Waiting For A Pull Back In National Central Cooling Company PJSC (DFM:TABREED)

Investors Still Waiting For A Pull Back In National Central Cooling Company PJSC (DFM:TABREED)

Feb 09
Investors Still Waiting For A Pull Back In National Central Cooling Company PJSC (DFM:TABREED)

Do National Central Cooling Company PJSC's (DFM:TABREED) Earnings Warrant Your Attention?

Oct 10
Do National Central Cooling Company PJSC's (DFM:TABREED) Earnings Warrant Your Attention?

Here's Why National Central Cooling Company PJSC (DFM:TABREED) Has Caught The Eye Of Investors

Jul 11
Here's Why National Central Cooling Company PJSC (DFM:TABREED) Has Caught The Eye Of Investors

Is National Central Cooling Company PJSC (DFM:TABREED) Trading At A 23% Discount?

May 17
Is National Central Cooling Company PJSC (DFM:TABREED) Trading At A 23% Discount?

An Intrinsic Calculation For National Central Cooling Company PJSC (DFM:TABREED) Suggests It's 23% Undervalued

Jan 13
An Intrinsic Calculation For National Central Cooling Company PJSC (DFM:TABREED) Suggests It's 23% Undervalued

Is National Central Cooling Company PJSC (DFM:TABREED) Trading At A 40% Discount?

Oct 12
Is National Central Cooling Company PJSC (DFM:TABREED) Trading At A 40% Discount?

Calculating The Intrinsic Value Of National Central Cooling Company PJSC (DFM:TABREED)

Jul 08
Calculating The Intrinsic Value Of National Central Cooling Company PJSC (DFM:TABREED)

National Central Cooling Company PJSC (DFM:TABREED) Will Pay A Dividend Of د.إ0.06

Feb 18
National Central Cooling Company PJSC (DFM:TABREED) Will Pay A Dividend Of د.إ0.06

Earnings Beat: National Central Cooling Company PJSC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Feb 17
Earnings Beat: National Central Cooling Company PJSC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Did You Participate In Any Of National Central Cooling Company PJSC's (DFM:TABREED) Fantastic 224% Return ?

Feb 15
Did You Participate In Any Of National Central Cooling Company PJSC's (DFM:TABREED) Fantastic 224% Return ?

How Does National Central Cooling Company PJSC (DFM:TABREED) Fare As A Dividend Stock?

Jan 25
How Does National Central Cooling Company PJSC (DFM:TABREED) Fare As A Dividend Stock?

Should You Rely On National Central Cooling Company PJSC's (DFM:TABREED) Earnings Growth?

Dec 18
Should You Rely On National Central Cooling Company PJSC's (DFM:TABREED) Earnings Growth?

Investors Holding Back On National Central Cooling Company PJSC (DFM:TABREED)

Jul 26
Investors Holding Back On National Central Cooling Company PJSC (DFM:TABREED)

Should You Be Excited About National Central Cooling Company PJSC's (DFM:TABREED) 10% Return On Equity?

Jun 29
Should You Be Excited About National Central Cooling Company PJSC's (DFM:TABREED) 10% Return On Equity?

Shareholder Returns

TABREEDAE Water UtilitiesAE Market
7D2.3%0.8%0.3%
1Y-1.3%10.9%14.0%

Return vs Industry: TABREED underperformed the AE Water Utilities industry which returned 10.9% over the past year.

Return vs Market: TABREED underperformed the AE Market which returned 14% over the past year.

Price Volatility

Is TABREED's price volatile compared to industry and market?
TABREED volatility
TABREED Average Weekly Movement3.1%
Water Utilities Industry Average Movement3.8%
Market Average Movement3.2%
10% most volatile stocks in AE Market6.1%
10% least volatile stocks in AE Market1.9%

Stable Share Price: TABREED has not had significant price volatility in the past 3 months compared to the AE market.

Volatility Over Time: TABREED's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998n/aKhalid Al Marzooqiwww.tabreed.ae

National Central Cooling Company PJSC, together with its subsidiaries, supplies chilled water in the United Arab Emirates and internationally. It operates in two segments, Chilled Water and Value Chain Business. The company constructs, owns, assembles, installs, operates, and maintains cooling and conditioning systems; operates and maintains plants; and distributes and sells chilled water for use in district cooling technologies.

National Central Cooling Company PJSC Fundamentals Summary

How do National Central Cooling Company PJSC's earnings and revenue compare to its market cap?
TABREED fundamental statistics
Market capد.إ8.70b
Earnings (TTM)د.إ576.91m
Revenue (TTM)د.إ2.46b
15.1x
P/E Ratio
3.5x
P/S Ratio

Is TABREED overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TABREED income statement (TTM)
Revenueد.إ2.46b
Cost of Revenueد.إ1.38b
Gross Profitد.إ1.09b
Other Expensesد.إ509.31m
Earningsد.إ576.91m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.20
Gross Margin44.11%
Net Profit Margin23.42%
Debt/Equity Ratio80.9%

How did TABREED perform over the long term?

See historical performance and comparison

Dividends

5.1%
Current Dividend Yield
76%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/24 22:20
End of Day Share Price 2025/10/24 00:00
Earnings2025/06/30
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

National Central Cooling Company PJSC is covered by 15 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
Fadwa AouiniAlphaMena
Kais KriaaAlphaMena
Nour SherifArqaam Capital Research Offshore S.A.L.