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 59,520 - -
Change - 11.03% 20.77% 43.55% 13.28% -12.99% - -
Enterprise Value (EV) 1 30,892 32,579 42,426 61,635 72,257 62,116 56,173 50,989
Change - 5.46% 30.23% 45.28% 17.23% -14.03% -9.57% -9.23%
P/E 13.5x 12x 11x 11x 9.11x 7.21x 6.02x 5.19x
PBR 1.17x 1.15x 1.28x 1.64x 1.61x 1.24x 1.02x 0.88x
PEG - 0.5x 0.3x 0.2x 0.3x 0.73x 0.3x 0.3x
Capitalization / Revenue 3.66x 3.11x 2.97x 2.63x 2.02x 1.53x 1.38x 1.22x
EV / Revenue 3.6x 2.91x 3x 2.68x 2.14x 1.6x 1.3x 1.05x
EV / EBITDA 10.4x 8.89x 8.32x 9.05x 7.33x 5.17x 4.2x 3.32x
EV / EBIT 11.4x 9.81x 10.7x 10.1x 7.67x 5.58x 4.48x 3.45x
EV / FCF 5.67x -24.7x 31.2x 22.4x 14.9x 16.7x 8.76x 7.55x
FCF Yield 17.6% -4.04% 3.21% 4.46% 6.73% 6% 11.4% 13.3%
Dividend per Share 2 0.15 0.16 0.17 0.185 0.205 0.2317 0.2563 0.3076
Rate of return 3.76% 3.61% 3.18% 2.41% 2.36% 3.06% 3.39% 4.06%
EPS 2 0.295 0.368 0.486 0.7 0.955 1.05 1.258 1.458
Distribution rate 50.8% 43.5% 35% 26.4% 21.5% 22.1% 20.4% 21.1%
Net sales 1 8,576 11,200 14,161 22,998 33,818 38,796 43,178 48,778
EBITDA 1 2,966 3,664 5,100 6,813 9,858 12,006 13,372 15,366
EBIT 1 2,716 3,321 3,977 6,117 9,421 11,131 12,538 14,768
Net income 1 2,316 2,944 3,922 5,596 7,611 8,170 9,802 11,255
Net Debt 1 -480.2 -2,253 361 1,250 3,852 2,596 -3,347 -8,531
Reference price 2 3.990 4.430 5.350 7.680 8.700 7.570 7.570 7.570
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 2/9/22 2/9/23 2/9/24 2/10/25 2/9/26 - - -
1AED in Million2AED
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.4x1.64x5.3x2.98% 16.63B
16.01x5.02x13.53x3.17% 45.58B
21.11x4.3x17.62x1.19% 31.22B
8.85x1.49x7.65x3.98% 31.49B
5.77x0.68x1.39x8.65% 27.82B
14.33x3.11x14.9x2.45% 25.66B
15.38x6.88x18.47x1.39% 21.75B
8.96x2.31x7.11x4.07% 21.13B
Average 12.23x 3.18x 10.75x 3.48% 27.66B
Weighted average by Cap. 12.85x 3.32x 11.16x 3.51%

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