Financials Deyaar Development

Equities

Market Closed - Dubai FM Other stock markets 06:59:17 2024-04-26 am EDT			5-day change	1st Jan Change
0.721 ^AED	-0.00%		-11.10%	+4.49%

Apr. 18	Deyaar Development Resumes Trading on Dubai Bourse	MT
Apr. 18	Deyaar Development to Temporarily Halt Trading on Dubai Bourse	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,167	1,624	2,802	2,219	3,019	3,155	-	-
Enterprise Value (EV) ¹	2,732	1,624	3,134	2,219	2,331	2,871	3,029	3,155
P/E ratio	-	-75 x	55.1 x	-	-	8.01 x	6.55 x	-
Yield	-	-	-	-	-	5.55%	5.55%	5.55%
Capitalization / Revenue	3.59 x	3.93 x	5.55 x	-	2.41 x	1.93 x	1.53 x	1.33 x
EV / Revenue	4.53 x	3.93 x	6.21 x	-	1.86 x	1.76 x	1.46 x	1.33 x
EV / EBITDA	39.6 x	-	62.3 x	-	8.47 x	8.04 x	6.56 x	-
EV / FCF	-18.7 x	-	34.7 x	6.51 x	3.42 x	-12.5 x	180 x	-
FCF Yield	-5.34%	-	2.88%	15.4%	29.2%	-7.98%	0.55%	-
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	4,375,847	4,375,847	4,375,847	4,375,838	4,375,838	4,375,838	-	-
Reference price ²	0.4952	0.3710	0.6404	0.5070	0.6900	0.7210	0.7210	0.7210
Announcement Date	2/12/20	2/21/21	2/11/22	1/24/23	1/22/24	-	-	-

¹AED in Million²AED

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	603.7	412.9	504.9	-	1,254	1,632	2,068	2,371
EBITDA ¹	69.06	-	50.27	-	275.2	357	462	-
EBIT ¹	54.96	-	36.74	-	258.1	355	460	-
Operating Margin	9.1%	-	7.28%	-	20.58%	21.75%	22.24%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income ¹	71.5	-	50.8	-	440.7	384	497	588
Net margin	11.84%	-	10.06%	-	35.14%	23.53%	24.03%	24.8%
EPS ²	-	-0.004950	0.0116	-	-	0.0900	0.1100	-
Free Cash Flow ¹	-145.9	-	90.3	340.6	681	-229	16.8	-
FCF margin	-24.17%	-	17.89%	-	54.29%	-14.03%	0.81%	-
FCF Conversion (EBITDA)	-	-	179.62%	-	247.44%	-	3.64%	-
FCF Conversion (Net income)	-	-	177.75%	-	154.52%	-	3.38%	-
Dividend per Share ²	-	-	-	-	-	0.0400	0.0400	0.0400
Announcement Date	2/12/20	2/21/21	2/11/22	1/24/23	1/22/24	-	-	-

¹AED in Million²AED

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	565	-	332	-	-	-	-	-
Net Cash position ¹	-	-	-	-	688	284	126	-
Leverage (Debt/EBITDA)	8.186 x	-	6.597 x	-	-	-	-	-
Free Cash Flow ¹	-146	-	90.3	341	681	-229	16.8	-
ROE (net income / shareholders' equity)	1.59%	-	1.17%	-	9.34%	7.62%	9.36%	10.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	85.9	-	1.61	7.41	8.25	8.16	10.3	-
Capex / Sales	14.22%	-	0.32%	-	0.66%	0.5%	0.5%	-
Announcement Date	2/12/20	2/21/21	2/11/22	1/24/23	1/22/24	-	-	-

¹AED in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.721 AED

Average target price

0.94 AED

Spread / Average Target

+30.37%

	1st Jan change	Capi.
DEYAAR DEVELOPMENT	+4.49%	859M
MITSUI FUDOSAN CO., LTD.	+36.16%	27.94B
SUN HUNG KAI PROPERTIES LIMITED	-13.74%	26.97B
DLF LIMITED	+25.00%	26.95B
CHINA RESOURCES LAND LIMITED	-0.71%	25.32B
MITSUBISHI ESTATE CO., LTD.	+44.49%	22.58B
EMAAR PROPERTIES	+2.78%	19.59B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+1.45%	19.52B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+28.54%	16.23B
CK ASSET HOLDINGS LIMITED	-14.80%	14.98B