Company Valuation: Aldar Properties

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 31,372 34,831 42,065 60,385 68,405 57,790 - -
Change - 11.03% 20.77% 43.55% 13.28% -15.52% - -
Enterprise Value (EV) 1 30,892 32,579 42,426 61,635 72,257 58,909 53,817 48,674
Change - 5.46% 30.23% 45.28% 17.23% -18.47% -8.64% -9.56%
P/E ratio 13.5x 12x 11x 11x 9.11x 6.64x 5.82x 5x
PBR 1.17x 1.15x 1.28x 1.64x 1.61x 1.21x 0.99x 0.85x
PEG - 0.5x 0.3x 0.2x 0.3x 0.4x 0.4x 0.3x
Capitalization / Revenue 3.66x 3.11x 2.97x 2.63x 2.02x 1.49x 1.33x 1.19x
EV / Revenue 3.6x 2.91x 3x 2.68x 2.14x 1.52x 1.24x 1x
EV / EBITDA 10.4x 8.89x 8.32x 9.05x 7.33x 4.94x 3.96x 3.24x
EV / EBIT 11.4x 9.81x 10.7x 10.1x 7.67x 5.39x 4.23x 3.34x
EV / FCF 5.67x -24.7x 31.2x 22.4x 14.9x 15.8x 8.39x 7.2x
FCF Yield 17.6% -4.04% 3.21% 4.46% 6.73% 6.32% 11.9% 13.9%
Dividend per Share 2 0.15 0.16 0.17 0.185 0.205 0.2264 0.2561 0.2784
Rate of return 3.76% 3.61% 3.18% 2.41% 2.36% 3.08% 3.48% 3.79%
EPS 2 0.295 0.368 0.486 0.7 0.955 1.107 1.264 1.469
Distribution rate 50.8% 43.5% 35% 26.4% 21.5% 20.5% 20.3% 19%
Net sales 1 8,576 11,200 14,161 22,998 33,818 38,724 43,434 48,571
EBITDA 1 2,966 3,664 5,100 6,813 9,858 11,926 13,576 15,045
EBIT 1 2,716 3,321 3,977 6,117 9,421 10,933 12,730 14,561
Net income 1 2,316 2,944 3,922 5,596 7,611 8,333 9,738 11,263
Net Debt 1 -480.2 -2,253 361 1,250 3,852 1,119 -3,973 -9,116
Reference price 2 3.990 4.430 5.350 7.680 8.700 7.350 7.350 7.350
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 ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
6.65x1.52x4.95x3.08% 15.75B
15.86x4.89x13.42x3.15% 45.75B
9.09x1.53x7.65x3.92% 32.75B
21.57x4.28x17.98x1.18% 29.64B
5.74x0.67x1.34x8.83% 27.24B
14.8x3.11x15.36x2.37% 24.93B
12.13x1.81x15.37x3.11% 22.43B
9.55x2.31x7.93x3.89% 20.87B
15.26x6.66x18.89x1.24% 20.31B
Average 12.29x 2.98x 11.43x 3.42% 26.63B
Weighted average by Cap. 12.83x 3.11x 11.63x 3.47%

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. Equities
  3. ALDAR Stock
  4. Valuation Aldar Properties