DUBAI INVESTMENTS |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.18 AED | -0.23% |
|
-6.44% | -6.44% |
| Apr. 18 | Dubai Investments PJSC Shareholders OK FY23 Cash Dividend | MT |
| Mar. 26 | Dubai Investments' Real Estate Arm Launches AED300 Million Residential Project | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,528 | 6,165 | 8,206 | 9,227 | 9,907 | 9,269 | - | - |
| Enterprise Value (EV) 1 | 9,736 | 12,233 | 12,676 | 13,486 | 14,003 | 11,652 | 11,550 | 9,269 |
| P/E ratio | 8.67 x | 18.1 x | 12.9 x | 5.71 x | - | - | - | - |
| Yield | 7.69% | 5.52% | 6.22% | 9.22% | 5.36% | 5.96% | 5.96% | 5.96% |
| Capitalization / Revenue | 1.96 x | 2.3 x | 2.4 x | 2.17 x | 2.37 x | 2.71 x | 2.6 x | 2.45 x |
| EV / Revenue | 3.44 x | 4.57 x | 3.71 x | 3.17 x | 3.36 x | 3.41 x | 3.25 x | 2.45 x |
| EV / EBITDA | 10 x | 17.9 x | 13.6 x | 6.8 x | 8.23 x | 11.5 x | 10.8 x | - |
| EV / FCF | 97.6 x | 23 x | - | 25.5 x | 16.4 x | 13 x | 17.3 x | 13.9 x |
| FCF Yield | 1.02% | 4.35% | - | 3.92% | 6.09% | 7.66% | 5.79% | 7.21% |
| Price to Book | 0.46 x | 0.52 x | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 4,252,020 | 4,252,018 | 4,252,018 | 4,252,018 | 4,252,020 | 4,252,020 | - | - |
| Reference price 2 | 1.300 | 1.450 | 1.930 | 2.170 | 2.330 | 2.180 | 2.180 | 2.180 |
| Announcement Date | 2/4/20 | 3/11/21 | 1/31/22 | 3/21/23 | 2/13/24 | - | - | - |
1AED in Million2AED
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,827 | 2,676 | 3,419 | 4,255 | 4,172 | 3,422 | 3,559 | 3,776 |
| EBITDA 1 | 972.3 | 683.1 | 932.9 | 1,984 | 1,702 | 1,016 | 1,071 | - |
| EBIT 1 | 734.9 | 436.3 | 699.8 | 1,790 | 1,537 | 1,047 | 1,048 | - |
| Operating Margin | 26% | 16.3% | 20.47% | 42.07% | 36.83% | 30.6% | 29.45% | - |
| Earnings before Tax (EBT) | 533.4 | 273.1 | 612.1 | - | - | - | - | - |
| Net income 1 | 657.6 | 347.6 | 619.5 | 1,609 | 1,154 | 964 | 959 | - |
| Net margin | 23.26% | 12.99% | 18.12% | 37.8% | 27.65% | 28.17% | 26.95% | - |
| EPS | 0.1500 | 0.0800 | 0.1500 | 0.3800 | - | - | - | - |
| Free Cash Flow 1 | 99.72 | 532.4 | - | 529.1 | 852.3 | 893 | 668.5 | 668 |
| FCF margin | 3.53% | 19.89% | - | 12.44% | 20.43% | 26.1% | 18.78% | 17.69% |
| FCF Conversion (EBITDA) | 10.26% | 77.94% | - | 26.67% | 50.06% | 87.89% | 62.42% | - |
| FCF Conversion (Net income) | 15.17% | 153.19% | - | 32.89% | 73.87% | 92.63% | 69.71% | - |
| Dividend per Share 2 | 0.1000 | 0.0800 | 0.1200 | 0.2000 | 0.1250 | 0.1300 | 0.1300 | 0.1300 |
| Announcement Date | 2/4/20 | 3/11/21 | 1/31/22 | 3/21/23 | 2/13/24 | - | - | - |
1AED in Million2AED
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q1 |
|---|---|
| Net sales 1 | 1,019 |
| EBITDA 1 | 433 |
| EBIT | - |
| Operating Margin | - |
| Earnings before Tax (EBT) | - |
| Net income | - |
| Net margin | - |
| EPS | - |
| Dividend per Share | - |
| Announcement Date | 5/12/23 |
1AED in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,209 | 6,067 | 4,470 | 4,259 | 4,096 | 2,383 | 2,281 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.329 x | 8.881 x | 4.791 x | 2.146 x | 2.406 x | 2.345 x | 2.13 x | - |
| Free Cash Flow 1 | 99.7 | 532 | - | 529 | 852 | 893 | 669 | 668 |
| ROE (net income / shareholders' equity) | 5.5% | 2.92% | 5.19% | 12.9% | 8.6% | 6.06% | 6.1% | 6.25% |
| ROA (Net income/ Total Assets) | 3.25% | 1.63% | - | - | - | - | - | - |
| Assets 1 | 20,256 | 21,359 | - | - | - | - | - | - |
| Book Value Per Share | 2.820 | 2.780 | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 444 | 198 | 151 | 236 | 430 | 282 | 284 | 284 |
| Capex / Sales | 15.72% | 7.41% | 4.41% | 5.54% | 10.31% | 8.24% | 7.97% | 7.52% |
| Announcement Date | 2/4/20 | 3/11/21 | 1/31/22 | 3/21/23 | 2/13/24 | - | - | - |
1AED in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
2
Last Close Price
2.18
AED
Average target price
2.435
AED
Spread / Average Target
+11.70%
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -6.44% | 2.52B | |
| +11.85% | 869B | |
| 0.00% | 239B | |
| +27.20% | 178B | |
| -7.75% | 126B | |
| +32.50% | 79.32B | |
| -5.21% | 74.17B | |
| -16.00% | 50.82B | |
| -24.57% | 38.6B | |
| +19.71% | 31.74B |
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