Company Valuation: Dubai Financial Market

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 22,708 12,074 11,114 11,994 13,193 11,594 - -
Change - -46.83% -7.95% 7.91% 10% -12.12% - -
Enterprise Value (EV) 1 18,931 8,845 7,620 8,035 8,460 7,949 7,809 11,594
Change - -53.28% -13.85% 5.44% 5.29% -6.04% -1.76% 48.47%
P/E ratio 218x 83.9x 33.9x 31.9x 13.6x 20.9x 20.7x -
PBR 2.87x 1.52x - - 1.4x 1.23x 1.23x -
PEG - 2.2x 0x 2.2x 0x -0.5x 18.4x -
Capitalization / Revenue 105x 47x 31.8x 34x 24.9x 20.8x 20.3x 19.8x
EV / Revenue 87.7x 34.4x 21.8x 22.8x 15.9x 14.3x 13.7x 19.8x
EV / EBITDA 190x - 50x 53.7x 22.2x 14.4x 14.1x -
EV / EBIT 957x 174x 57.9x 61.2x 27.5x 16.6x 16.2x -
EV / FCF 57.1x -53x 16.9x 19.3x 12.2x 10.7x 9.12x -
FCF Yield 1.75% -1.89% 5.91% 5.17% 8.22% 9.35% 11% -
Dividend per Share 2 - - - - - 0.0611 0.0617 0.05
Rate of return - - - - - 4.22% 4.26% 3.45%
EPS 2 0.013 0.018 0.041 0.047 0.121 0.0693 0.0701 -
Distribution rate - - - - - 88.2% 88.1% -
Net sales 1 215.8 256.9 349 353.1 530.7 557 571 586
EBITDA 1 99.47 - 152.5 149.6 380.3 552 553.9 -
EBIT 1 19.78 50.84 131.5 131.4 307.6 478.6 483.4 -
Net income 1 103.8 147.1 329.4 376.7 965.8 559.4 594.2 647
Net Debt 1 -3,777 -3,229 -3,494 -3,959 -4,733 -3,645 -3,785 -
Reference price 2 2.840 1.510 1.390 1.500 1.650 1.450 1.450 1.450
Nbr of stocks (in thousands) 7,995,763 7,995,763 7,995,763 7,995,763 7,995,763 7,995,763 - -
Announcement Date 01/02/22 31/01/23 30/01/24 30/01/25 28/01/26 - - -
1AED in Million2AED
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.77x14.13x14.25x4.25% 3.13B
25.06x15.25x21.37x3.88% 108B
31.33x8.68x15.85x0.53% 23.38B
66.92x31.62x48.67x0.46% 17.22B
23.62x8.74x14.81x3.38% 11.73B
66.29x38.47x52.4x0.79% 8.91B
22.11x8.32x13.81x3.46% 8.2B
21.97x-1109.17x-2387.49x - 5.39B
38.96x14.11x38.35x1.61% 4.33B
19.44x8.06x10.88x4.71% 1.82B
Average 33.65x -96.18x -215.71x 2.56% 19.2B
Weighted average by Cap. 31.38x -15.40x -43.65x 2.91%

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

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  3. DFM Stock
  4. Valuation Dubai Financial Market