Why is Emaar Development PJSC ?
1
High Management Efficiency with a high ROE of 22.82%
2
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 21.63
3
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 22.82%
4
The company has declared Positive results for the last 6 consecutive quarters
- INTEREST COVERAGE RATIO(Q) Highest at 7,786.55
- OPERATING CASH FLOW(Y) Highest at AED 20,020.26 MM
- ROCE(HY) Highest at 33.74%
5
With ROE of 30.18%, it has a attractive valuation with a 1.92 Price to Book Value
- Over the past year, while the stock has generated a return of 37.00%, its profits have risen by 27.8% ; the PEG ratio of the company is 0.2
How much should you buy?
- Overall Portfolio exposure to Emaar Development PJSC should be less than 10%
- Overall Portfolio exposure to Realty should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Realty)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Emaar Development PJSC for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Emaar Development PJSC
31.22%
3.35
33.68%
Abu Dhabi Securities Exchange
7.69%
0.97
8.15%
Quality key factors
Factor
Value
Sales Growth (5y)
14.23%
EBIT Growth (5y)
30.29%
EBIT to Interest (avg)
21.63
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
6.75%
Dividend Payout Ratio
35.63%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
50.78%
ROE (avg)
22.82%
Valuation Key Factors 
Factor
Value
P/E Ratio
6
Industry P/E
Price to Book Value
1.92
EV to EBIT
2.27
EV to EBITDA
2.27
EV to Capital Employed
-8.09
EV to Sales
1.10
PEG Ratio
0.23
Dividend Yield
4.82%
ROCE (Latest)
Negative Capital Employed
ROE (Latest)
30.18%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Mildly Bearish
Dow Theory
No Trend
Bullish
OBV
No Trend
Mildly Bullish
Technical Movement
12What is working for the Company
INTEREST COVERAGE RATIO(Q)
Highest at 7,786.55
OPERATING CASH FLOW(Y)
Highest at AED 20,020.26 MM
ROCE(HY)
Highest at 33.74%
DEBT-EQUITY RATIO
(HY)
Lowest at -110.09 %
DEBTORS TURNOVER RATIO(HY)
Highest at 2.37%
RAW MATERIAL COST(Y)
Fallen by -5.85% (YoY
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Here's what is working for Emaar Development PJSC
Interest Coverage Ratio
Highest at 7,786.55 and Grown
In each period in the last five periodsMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Debt-Equity Ratio
Lowest at -110.09 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Debtors Turnover Ratio
Highest at 2.37% and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Operating Cash Flow
Highest at AED 20,020.26 MM
in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (AED MM)
Raw Material Cost
Fallen by -5.85% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at AED 6.15 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (AED MM)
Depreciation
At AED 6.15 MM has Grown at 203.95%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (AED MM)






