Valuation Emaar Development

Equities

Delayed Dubai FM Other stock markets 09:25:10 08/06/2026 BST			5-day change	1st Jan Change
13.56 ^AED	-2.87%		-1.17%	-10.50%

06-02	Kepler Cheuvreux Trims Emaar Development PT, Affirms Buy Rating	MT
05-22	Emaar Properties says group head of finance Hesham Heikal leaves company	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	17,480	17,640	28,600	54,800	60,600	55,840	-	-
Change	-	0.92%	62.13%	91.61%	10.58%	-7.85%	-	-
Enterprise Value (EV) ¹	15,050	7,169	10,182	31,234	19,294	4,939	-2,527	-25,441
Change	-	-52.36%	42.02%	206.76%	-38.23%	-74.4%	-151.16%	-906.88%
P/E ratio	5.4x	4.64x	4.31x	7.17x	5.35x	4.32x	3.82x	3.52x
PBR	1.21x	0.96x	1.25x	1.93x	1.63x	1.21x	0.97x	0.7x
PEG	-	0.3x	0.1x	0.5x	0.1x	0.3x	0.3x	0.42x
Capitalization / Revenue	1.12x	1.53x	2.4x	2.86x	2.2x	1.68x	1.42x	1.28x
EV / Revenue	0.96x	0.62x	0.85x	1.63x	0.7x	0.15x	-0.06x	-0.58x
EV / EBITDA	3.62x	1.7x	1.27x	3.31x	1.35x	0.28x	-0.14x	-1.27x
EV / EBIT	3.69x	1.81x	1.41x	3.45x	1.44x	0.32x	-0.14x	-1.37x
EV / FCF	3.59x	0.83x	1.04x	2.85x	0.92x	0.88x	-0.21x	-1.59x
FCF Yield	27.9%	120%	95.8%	35%	109%	113%	-468%	-63%
Dividend per Share ²	-	0.52	0.5205	0.68	1	1.099	1.245	1.18
Rate of return	-	11.8%	7.28%	4.96%	6.6%	7.87%	8.92%	8.45%
EPS ²	0.81	0.95	1.66	1.91	2.83	3.231	3.658	3.967
Distribution rate	-	54.7%	31.4%	35.6%	35.3%	34%	34%	29.7%
Net sales ¹	15,602	11,541	11,921	19,147	27,486	33,326	39,419	43,790
EBITDA ¹	4,154	4,224	7,987	9,423	14,331	17,357	18,697	20,105
EBIT ¹	4,081	3,954	7,237	9,047	13,432	15,503	17,952	18,547
Net income ¹	3,244	3,808	6,629	7,633	11,316	12,028	14,337	16,766
Net Debt ¹	-2,430	-10,471	-18,418	-23,566	-41,306	-50,901	-58,367	-81,281
Reference price ²	4.37	4.41	7.15	13.70	15.15	13.96	13.96	13.96
Nbr of stocks (in thousands)	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	-	-
Announcement Date	14/02/22	17/03/23	09/02/24	14/02/25	12/02/26	-	-	-

¹AED in Million²AED

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
EMAAR DEVELOPMENT	4.32x	0.15x	0.28x	7.87%	15.2B
VINGROUP	140.63x	-	-	-	59.02B
VINHOMES	11.55x	3.58x	10.3x	-.--%	23.74B
VONOVIA SE	7.18x	16.09x	19.16x	6.36%	19.78B
DEUTSCHE WOHNEN SE	8.54x	17.05x	-	6.59%	8.48B
OPEN HOUSE GROUP CO., LTD.	7.83x	0.81x	6.66x	2.51%	5.81B
CHINA VANKE CO., LTD.	-2.28x	1.79x	78.54x	-.--%	5.4B
LEG IMMOBILIEN SE	5.99x	13.82x	20.88x	5.82%	4.56B
IIDA GROUP HOLDINGS CO., LTD.	9.8x	0.49x	6.54x	4.73%	3.72B
Average	21.51x	6.72x	20.34x	4.24%	16.19B
Weighted average by Cap.	61.43x	7.26x	15.48x	4.15%