Financials Union Properties

Equities

Market Closed - Dubai FM Other stock markets 06:57:56 2024-05-01 EDT			5-day change	1st Jan Change
0.429 ^AED	-0.23%		-0.23%	+47.93%

05-01	Union Properties Resumes Trading in Dubai	MT
04-30	Union Properties to Temporarily Halt Trading on Dubai Bourse	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,171	1,201	1,368	1,184	1,244	1,840	-	-
Enterprise Value (EV) ¹	2,925	2,811	1,368	1,996	1,244	2,816	2,555	1,840
P/E ratio	-	-	-1.42 x	39.4 x	1.49 x	-	7.15 x	-
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	2.19 x	3.2 x	-	2.82 x	2.45 x	2.69 x	2.26 x	1.88 x
EV / Revenue	5.46 x	7.48 x	-	4.76 x	2.45 x	4.12 x	3.13 x	1.88 x
EV / EBITDA	-	8.49 x	-	3,056 x	15.9 x	29.9 x	21.3 x	-
EV / FCF	-31.4 x	-86.2 x	-	13.5 x	-	14.4 x	9.79 x	-
FCF Yield	-3.18%	-1.16%	-	7.43%	-	6.92%	10.2%	-
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	4,289,540	4,289,540	4,289,540	4,289,540	4,289,540	4,289,540	-	-
Reference price ²	0.2730	0.2800	0.3190	0.2760	0.2900	0.4290	0.4290	0.4290
Announcement Date	20-02-13	21-02-15	22-03-25	23-03-13	24-03-12	-	-	-

¹AED in Million²AED

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	535.5	375.9	-	419.2	508	684	816	980
EBITDA ¹	-	330.9	-	0.653	78.04	94.2	120	-
EBIT ¹	-218.8	201	-	-6.492	70.88	83.7	109	-
Operating Margin	-40.86%	53.47%	-	-1.55%	13.95%	12.24%	13.36%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income ¹	-218.8	201	-966.8	29.98	837.6	789	245	317
Net margin	-40.86%	53.47%	-	7.15%	164.88%	115.35%	30.02%	32.35%
EPS	-	-	-0.2250	0.007000	0.1950	-	0.0600	-
Free Cash Flow ¹	-93.02	-32.6	-	148.3	-	195	261	-
FCF margin	-17.37%	-8.67%	-	35.37%	-	28.51%	31.99%	-
FCF Conversion (EBITDA)	-	-	-	22,705.51%	-	207.01%	217.5%	-
FCF Conversion (Net income)	-	-	-	494.55%	-	24.71%	106.53%	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	20-02-13	21-02-15	22-03-25	23-03-13	24-03-12	-	-	-

¹AED in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,753	1,610	-	812	-	976	715	-
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	4.865 x	-	1,243 x	-	10.36 x	5.958 x	-
Free Cash Flow ¹	-93	-32.6	-	148	-	195	261	-
ROE (net income / shareholders' equity)	-7.77%	7.17%	-	1.54%	-	24.7%	6.6%	7.94%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	16.2	12.4	-	6.45	-	17.1	20.4	-
Capex / Sales	3.03%	3.29%	-	1.54%	-	2.5%	2.5%	-
Announcement Date	20-02-13	21-02-15	22-03-25	23-03-13	24-03-12	-	-	-

¹AED in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

0.429 AED

Average target price

0.42 AED

Spread / Average Target

-2.10%

	1st Jan change	Capi.
UNION PROPERTIES	+47.93%	502M
MITSUI FUDOSAN CO., LTD.	+37.77%	28.71B
SUN HUNG KAI PROPERTIES LIMITED	-13.85%	26.95B
DLF LIMITED	+22.78%	26.45B
CHINA RESOURCES LAND LIMITED	+1.61%	25.94B
MITSUBISHI ESTATE CO., LTD.	+46.99%	23.39B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+5.96%	20.4B
EMAAR PROPERTIES	-2.65%	19.76B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+28.59%	16.53B
CK ASSET HOLDINGS LIMITED	-14.16%	15.1B