- Dubai’s DEWA reported a full-year profit of 7.24 billion dirhams for 2024, a decrease of 8.8% compared to the previous year’s profit of 7.93 billion dirhams.
- Revenue increased by 6.2% in 2024, reaching 30.98 billion dirhams.
- The operating profit for 2024 was 9.33 billion dirhams, showing a 6.5% rise year over year.
- Earnings per share (EPS) stood at 0.140 dirhams, down from 0.154 dirhams in the previous year.
- Total assets grew by 2.4% in 2024, amounting to 185.55 billion dirhams.
- On a like-for-like basis, annual profit before tax increased by 1.81%, totaling AED7.98 billion.
- DEWA generated 59.19 TWh of power in 2024, which is a 5.42% increase from 56.14 TWh in 2023.
- Clean power accounted for 11.2% of the total power generated in 2024.
- There was a 5% annual increase in desalinated water production reported.
- DEWA plans to pay a total of AED3.1 billion in second-half dividends, with a policy of minimum AED6.2 billion over the first five years starting October 2022.
- Market sentiment includes 9 buy ratings, 3 hold ratings, and 0 sell ratings for DEWA.
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A look at Dubai Electricity & Water Auth Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using the Smartkarma Smart Scores have evaluated Dubai Electricity & Water Auth and have given it a positive long-term outlook overall. The company scored high in areas such as Dividend and Momentum, indicating strength in its dividend payments and positive market trends. While Value, Growth, and Resilience scores were also favorable but slightly lower, suggesting good overall performance but some room for improvement in these areas.
Dubai Electricity & Water Auth, also known as DEWA, is a utility provider in the United Arab Emirates, offering power generation and water desalination services to residential and commercial customers. With strong Dividend and Momentum scores, DEWA shows promise for investors seeking stable income and potential growth opportunities in the utility sector. While Value, Growth, and Resilience scores are solid, they reflect areas where the company could enhance its performance for long-term sustainability and profitability.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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