Company Valuation: Aldar Properties

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 31,372 34,831 42,065 60,385 68,405 60,700 - -
Change - 11.03% 20.77% 43.55% 13.28% -11.26% - -
Enterprise Value (EV) 1 30,892 32,579 42,426 61,635 72,257 65,340 58,137 52,412
Change - 5.46% 30.23% 45.28% 17.23% -9.57% -11.02% -9.85%
P/E 13.5x 12x 11x 11x 9.11x 7.53x 6.05x 5.47x
PBR 1.17x 1.15x 1.28x 1.64x 1.61x 1.27x 1.05x 0.9x
PEG - 0.5x 0.3x 0.2x 0.3x 1.03x 0.2x 0.5x
Capitalization / Revenue 3.66x 3.11x 2.97x 2.63x 2.02x 1.66x 1.4x 1.25x
EV / Revenue 3.6x 2.91x 3x 2.68x 2.14x 1.78x 1.35x 1.08x
EV / EBITDA 10.4x 8.89x 8.32x 9.05x 7.33x 5.5x 4.26x 3.46x
EV / EBIT 11.4x 9.81x 10.7x 10.1x 7.67x 5.94x 4.56x 3.62x
EV / FCF 5.67x -24.7x 31.2x 22.4x 14.9x 37.4x 9.08x 7.86x
FCF Yield 17.6% -4.04% 3.21% 4.46% 6.73% 2.67% 11% 12.7%
Dividend per Share 2 0.15 0.16 0.17 0.185 0.205 0.2172 0.2567 0.2986
Rate of return 3.76% 3.61% 3.18% 2.41% 2.36% 2.81% 3.33% 3.87%
EPS 2 0.295 0.368 0.486 0.7 0.955 1.025 1.276 1.41
Distribution rate 50.8% 43.5% 35% 26.4% 21.5% 21.2% 20.1% 21.2%
Net sales 1 8,576 11,200 14,161 22,998 33,818 36,647 43,219 48,392
EBITDA 1 2,966 3,664 5,100 6,813 9,858 11,870 13,662 15,153
EBIT 1 2,716 3,321 3,977 6,117 9,421 11,009 12,757 14,481
Net income 1 2,316 2,944 3,922 5,596 7,611 8,003 10,017 11,078
Net Debt 1 -480.2 -2,253 361 1,250 3,852 4,640 -2,562 -8,287
Reference price 2 3.990 4.430 5.350 7.680 8.700 7.720 7.720 7.720
Nbr of stocks (in thousands) 7,862,630 7,862,630 7,862,630 7,862,630 7,862,630 7,862,630 - -
Announcement Date 09/02/22 09/02/23 09/02/24 10/02/25 09/02/26 - - -
1AED in Million2AED
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.53x1.78x5.5x2.81% 16.52B
15.51x4.92x13.25x3.27% 44.16B
18.25x4x16.07x1.34% 28.47B
8.36x1.53x7.99x4.29% 27.74B
5.5x0.66x1.4x9.09% 26.47B
14.38x3.1x14.83x2.51% 26.04B
10.51x2.12x9.04x4% 21.13B
7.81x0.86x3.15x2.86% 19.97B
13.23x6.43x16.91x1.65% 19.16B
10.05x1.48x12.38x3.81% 18.38B
Average 11.11x 2.69x 10.05x 3.56% 24.81B
Weighted average by Cap. 11.68x 2.88x 10.42x 3.62%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. ALDAR Stock
  4. Valuation Aldar Properties