612.1
RevenueAED M
387.5
416.2
441.7
466.3
488.7
519.5
551.0
589.6
613.7
637.9
656.9
5.47%
5.50%
5
2.32
Revenue growth%
4.47
3.65
2.89
4.10
4.64
1.81
3.48
4.52
3.13
1.70
13.12
3.13
3.57
75
20.48
Gross margin%
4.82
5.60
8.17
6.29
6.54
9.25
7.88
10.11
9.18
11.46
2.81
9.25
8.02
22
29.53
Operating margin%
18.44
16.76
16.21
13.84
14.12
14.52
14.43
15.76
13.86
13.59
15.35
14.43
14.47
37
13.10
Net margin%
26.68
24.00
24.80
25.33
24.21
27.17
30.06
29.33
27.68
27.42
2.12
27.68
26.93
72
9.581
P/E ratio (avg)x
19.94
18.86
17.27
15.51
16.39
14.42
13.98
12.19
13.25
12.42
24.95
13.25
14.96
77
8.666
EV/EBITx
31.60
32.44
31.83
29.45
32.07
29.50
28.50
29.69
33.47
37.42
29.82
29.69
31.72
11
23.15
FCF yield (avg)%
26.12
23.27
23.71
22.19
20.39
19.14
19.48
18.66
21.15
21.30
22.01
19.48
21.23
6
20.89
FCF margin%
4.12
6.82
6.00
6.36
4.02
1.39
1.11
0.40
0.40
0.72
7.48
0.72
2.70
37
1.211
FCF / Net incomex
2.777
2.990
2.935
3.238
3.655
3.652
3.471
3.369
3.954
3.886
0.955
3.652
3.420
11
23.08
ROIC%
32.95
32.15
29.45
31.70
28.78
28.66
27.21
28.58
27.79
28.53
18.31
28.53
28.72
89
20.83
Return on equity%
30.50
27.80
29.83
27.79
27.50
28.17
25.63
28.56
27.18
25.86
3.06
27.18
27.79
43
10.32
Return on assets%
8.00
7.21
5.77
3.03
5.67
4.67
5.53
6.52
6.89
8.32
7.99
6.52
6.15
25
0.38
EPSAED
0.88
1.00
1.08
1.10
1.21
1.29
1.44
1.66
1.88
2.18
0.40
12.48%
9.03%
—
18.66
EPS growth%
5.96
3.26
4.39
1.50
3.38
4.63
3.72
4.92
6.32
4.18
23.73
4.63
4.29
31
0.18
Bookvalue per shAED
0.41
0.47
0.52
0.53
0.54
0.53
0.58
0.53
0.59
0.63
0.50
2.95%
5.67%
—
0.26
FCF per shareAED
0.13
0.15
0.18
0.17
0.17
0.20
0.22
0.21
0.24
0.25
0.36
7.76%
7.73%
—
0.58
Dividend per shAED
0.59
0.65
0.68
0.80
0.86
0.96
0.94
1.06
1.09
1.12
0.11
5.46%
7.13%
—
27.53
Div yield (avg)%
27.98
29.41
28.52
26.18
23.68
22.55
20.23
22.89
21.74
21.67
15.15
21.74
23.29
47
14.16
Payout ratio%
22.47
21.05
21.81
23.74
23.24
24.81
25.13
27.15
30.02
29.33
26.11
27.15
24.27
27
350.5
Shares (diluted)M
429.0
438.2
505.3
580.8
646.5
713.5
747.1
751.6
828.3
774.4
358.7
3.68%
6.78%
26
24.49
Buyback yield%
24.53
26.87
28.39
29.61
27.62
25.21
28.17
30.29
30.55
32.03
18.45
30.29
28.28
86
1.685
D/E ratiox
2.017
2.113
2.077
2.385
2.328
2.388
2.519
2.822
3.172
3.725
0.671
2.822
2.387
53
673.2
Enterprise valueAED M
62.32
67.10
58.49
57.39
59.23
58.16
53.17
55.37
54.09
51.20
426.0
(2.87%)
(2.39%)
30
28.16
LT debtAED M
200.0
179.0
199.6
195.3
202.1
221.0
214.7
223.6
228.6
219.2
467.3
1.64%
1.31%
84
Revenue
AED 637.9M
5.50%
1.00×
Cost of revenue
AED 357.5M
5.38%
0.99×
Operating expenses
AED 139.6M
5.41%
0.99×
Property and equipment
19.74%
Spread over hurdle
(2.82%)