Why is Emaar, The Economic City ?
1
Weak Long Term Fundamental Strength with an average Return on Equity (ROE) of 0%
- Poor long term growth as Net Sales has grown by an annual rate of 4.74% and Operating profit at 22.75%
- The company has been able to generate a Return on Equity (avg) of 0% signifying low profitability per unit of shareholders funds
2
Poor long term growth as Net Sales has grown by an annual rate of 4.74% and Operating profit at 22.75%
3
The company has declared positive results in Mar'2025 after 4 consecutive negative quarters
- OPERATING CASH FLOW(Y) Highest at SAR -132.42 MM
- NET PROFIT(HY) Higher at SAR -186.03 MM
- ROCE(HY) Highest at -5.56%
4
Risky -
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of -47.21%, its profits have risen by 29.8%
5
Underperformed the market in the last 1 year
- Even though the market (Saudi Arabia All Share TASI) generated negative returns of -11.13% in the last 1 year, its fall in the stock was much higher with a return of -47.21%
How much should you hold?
- Overall Portfolio exposure to Emaar, The Economic City 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, The Economic City for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Emaar, The Economic City
-100.0%
-1.25
31.40%
Saudi Arabia All Share TASI
-11.13%
-0.71
15.65%
Quality key factors
Factor
Value
Sales Growth (5y)
4.74%
EBIT Growth (5y)
22.75%
EBIT to Interest (avg)
-1.21
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
0.57%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0.67%
ROE (avg)
0
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
1.33
EV to EBIT
-32.95
EV to EBITDA
101.20
EV to Capital Employed
1.37
EV to Sales
9.18
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-4.15%
ROE (Latest)
-12.08%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
Technical Movement
22What is working for the Company
OPERATING CASH FLOW(Y)
Highest at SAR -132.42 MM
NET PROFIT(HY)
Higher at SAR -186.03 MM
ROCE(HY)
Highest at -5.56%
RAW MATERIAL COST(Y)
Fallen by -174.31% (YoY
CASH AND EQV(HY)
Highest at SAR 942.67 MM
NET SALES(Q)
Highest at SAR 358.91 MM
-2What is not working for the Company
DEBT-EQUITY RATIO
(HY)
Highest at 165.44 %
Here's what is working for Emaar, The Economic City
Net Sales
At SAR 358.91 MM has Grown at 254.92%
Year on Year (YoY)MOJO Watch
Near term sales trend is extremely positive
Net Sales (SAR MM)
Net Profit
Higher at SAR -186.03 MM
than preceding 12 month period ended Sep 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (SAR MM)
Operating Cash Flow
Highest at SAR -132.42 MM
in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (SAR MM)
Net Sales
Highest at SAR 358.91 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (SAR MM)
Cash and Eqv
Highest at SAR 942.67 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Raw Material Cost
Fallen by -174.31% (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 SAR 72.04 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (SAR MM)
Here's what is not working for Emaar, The Economic City
Debt-Equity Ratio
Highest at 165.44 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio






