Valuation Emaar Properties

Equities

Market Closed - Dubai FM Other stock markets 04:29:48 20/05/2026 pm IST			5-day change	1st Jan Change
11.18 ^AED	-1.06%		-5.57%	-20.43%

02:34pm	MIDEAST STOCKS-Gulf bourses track Asia lower, US-Iran uncertainty weighs	RE
19/05	Mideast stocks-Gulf bourses rise as Trump's Iran comments soothe nerves	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	39,999	51,795	70,003	1,13,578	1,24,185	99,878	-	-
Change	-	29.49%	35.15%	62.25%	9.34%	-19.57%	-	-
Enterprise Value (EV) ¹	49,921	48,004	48,419	73,209	62,530	34,716	17,828	25,275
Change	-	-3.84%	0.86%	51.2%	-14.59%	-44.48%	-48.64%	41.77%
P/E ratio	9.4x	7.06x	6x	8.4x	7.06x	6.31x	4.96x	6.57x
PBR	0.65x	0.75x	0.9x	1.33x	1.32x	0.99x	0.84x	0.75x
PEG	-	0.1x	0.1x	0.5x	0.2x	-0.6x	0.2x	-0.3x
Capitalization / Revenue	1.41x	2.08x	2.62x	3.2x	2.51x	1.99x	1.66x	1.73x
EV / Revenue	1.77x	1.93x	1.81x	2.06x	1.26x	0.69x	0.3x	0.44x
EV / EBITDA	6.2x	4.89x	3.02x	3.8x	2.45x	1.18x	0.59x	0.78x
EV / EBIT	7.51x	6.64x	3.82x	4.66x	2.83x	1.6x	0.68x	0.87x
EV / FCF	5.28x	2.74x	2.6x	3.16x	1.98x	1.19x	0.74x	1.32x
FCF Yield	18.9%	36.5%	38.5%	31.7%	50.4%	84.3%	135%	75.7%
Dividend per Share ²	0.15	0.25	0.5	1	1	1	1	1.025
Rate of return	3.07%	4.27%	6.31%	7.78%	7.12%	8.85%	8.85%	9.07%
EPS ²	0.52	0.83	1.32	1.53	1.99	1.79	2.279	1.72
Distribution rate	28.8%	30.1%	37.9%	65.4%	50.3%	55.9%	43.9%	59.6%
Net sales ¹	28,270	24,926	26,750	35,505	49,557	50,160	60,084	57,876
EBITDA ¹	8,057	9,816	16,033	19,277	25,561	29,379	30,203	32,275
EBIT ¹	6,649	7,228	12,671	15,722	22,102	21,659	26,366	29,142
Net income ¹	3,800	6,832	11,630	13,514	17,599	15,835	20,129	15,206
Net Debt ¹	9,922	-3,791	-21,584	-40,370	-61,655	-65,163	-82,050	-74,604
Reference price ²	4.89	5.86	7.92	12.85	14.05	11.30	11.30	11.30
Nbr of stocks (in thousands)	81,79,739	88,38,790	88,38,790	88,38,790	88,38,790	88,38,790	-	-
Announcement Date	14/02/22	14/02/23	08/02/24	13/02/25	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 PROPERTIES	6.31x	0.69x	1.18x	8.85%	2.72TCr
SUN HUNG KAI PROPERTIES LIMITED	17.39x	5.26x	14.45x	2.87%	5.03TCr
CHINA RESOURCES LAND LIMITED	8.9x	1.51x	7.57x	3.98%	3.22TCr
MITSUBISHI ESTATE CO., LTD.	22.02x	4.34x	18.2x	1.15%	3.04TCr
MITSUI FUDOSAN CO., LTD.	15.47x	3.18x	15.69x	2.26%	2.62TCr
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	17.15x	7.04x	19.97x	1.11%	2.3TCr
CK ASSET HOLDINGS LIMITED	10.32x	2.5x	8.61x	3.6%	2.25TCr
CHINA OVERSEAS LAND & INVESTMENT LIMITED	12.01x	1.8x	15.28x	3.15%	2.22TCr
HENDERSON LAND DEVELOPMENT COMPANY LIMITED	20.17x	7.4x	23.27x	3.9%	2TCr
AZRIELI GROUP LTD.	11.97x	28.17x	-	2.17%	1.94TCr
Average	14.17x	6.19x	13.80x	3.3%	2.73TCr
Weighted average by Cap.	14.40x	5.49x	13.48x	3.31%