- Emaar Properties reported a net income of 13.5 billion dirhams for the fiscal year, which is a 16% increase year over year and higher than the estimated 11.82 billion dirhams.
- The company’s revenue reached 35.5 billion dirhams, marking a 33% growth from the previous year, surpassing the estimated 32.82 billion dirhams.
- Reported earnings per share (EPS) were 1.53 dirhams, an increase from 1.32 dirhams the previous year, and above the estimate of 1.34 dirhams.
- The earnings before interest, taxes, depreciation, and amortization (Ebitda) stood at 19.28 billion dirhams, showing a 20% increase year over year, exceeding the estimate of 16.43 billion dirhams.
- Other income increased by 26% to 2.01 billion dirhams.
- The revenue backlog from property sales was over 110 billion dirhams as of December 31, 2024.
- Analyst ratings are favorable, with 13 buys, 0 holds, and 0 sells.
A look at Emaar Economic City Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.4 |
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 at Smartkarma have assessed Emaar Economic City‘s long-term outlook based on its Smart Scores. With a strong Value score of 4, the company is deemed to be undervalued compared to its peers, indicating potential for future growth in stock price. However, its Dividend score of 1 signals a low payout to investors, which may not be attractive for income-seeking investors. In terms of Growth, Emaar Economic City has received a moderate score of 3, suggesting a steady outlook for expanding its business operations. The company’s Resilience score of 2 reflects a moderate ability to withstand market downturns, while its Momentum score of 2 indicates a stable but not rapidly advancing performance in the market.
Emaar Economic City, a real estate consortium, primarily focuses on developing properties for various uses and infrastructure facilities. Additionally, the company engages in marketing, plotting, and selling properties. Overall, the Smart Scores suggest that Emaar Economic City holds potential for long-term growth and value appreciation, albeit with limited dividend payouts and moderate resilience and momentum in the market.
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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