709.8
RevenueAED M
267.0
293.9
322.7
357.2
384.5
419.9
459.0
502.2
538.3
578.2
739.3
8.50%
8.89%
90
2.72
Revenue growth%
2.99
5.54
7.81
9.47
9.68
12.39
12.87
11.43
12.46
12.01
24.09
12.39
10.55
54
21.29
Gross margin%
11.29
10.78
8.34
10.35
11.92
11.75
12.57
12.96
13.39
11.88
22.82
12.57
11.82
60
7.98
Operating margin%
19.80
18.97
19.23
20.75
18.99
19.16
17.23
15.58
15.43
15.03
23.64
15.58
18.98
84
22.01
Net margin%
26.39
27.01
27.16
27.17
25.17
27.12
29.62
31.62
30.48
29.11
10.32
29.62
27.17
56
33.17
P/E ratio (avg)x
9.744
10.38
11.32
10.57
10.59
11.89
13.20
12.95
14.30
13.45
30.63
13.20
11.60
11
13.53
EV/EBITx
11.04
12.46
13.93
16.37
16.41
18.31
20.02
23.47
26.50
26.05
35.36
23.47
17.36
90
8.22
FCF yield (avg)%
3.61
0.63
0.40
2.23
1.39
0.40
1.66
4.00
3.02
0.79
18.17
1.66
1.52
29
20.69
FCF margin%
4.78
2.86
2.76
5.14
8.08
6.58
8.19
10.02
8.96
8.65
29.30
8.65
7.33
57
0.590
FCF / Net incomex
1.379
1.510
1.777
2.104
2.236
2.637
2.912
2.950
3.210
3.804
0.115
2.950
2.437
48
13.70
ROIC%
1.52
4.19
7.15
7.07
5.94
5.00
2.78
5.16
2.25
0.56
15.51
2.78
4.59
84
2.07
Return on equity%
13.14
15.67
13.97
12.97
12.65
11.84
13.39
11.93
11.76
13.50
13.75
11.93
13.05
80
11.42
Return on assets%
0.40
0.49
0.42
0.40
0.40
0.40
0.40
0.40
0.40
0.40
16.55
0.40
0.40
62
0.01
EPSAED
0.06
0.07
0.08
0.09
0.10
0.09
0.09
0.11
0.11
0.13
0.01
6.28%
8.55%
—
18.98
EPS growth%
3.81
1.36
0.86
1.75
2.40
2.38
4.51
2.21
1.44
2.26
29.91
2.26
2.23
29
0.04
Bookvalue per shAED
0.02
0.02
0.02
0.02
0.03
0.03
0.03
0.03
0.03
0.03
0.04
3.65%
6.97%
—
0.05
FCF per shareAED
0.02
0.02
0.02
0.03
0.03
0.03
0.04
0.04
0.05
0.05
0.03
9.24%
9.45%
—
0.01
Dividend per shAED
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.03
0.03
0.01
5.07%
4.09%
—
12.29
Div yield (avg)%
16.00
14.76
14.34
12.56
10.10
9.79
8.04
10.34
8.38
6.80
28.25
8.38
10.22
7
4.04
Payout ratio%
19.99
17.23
19.25
21.68
24.40
23.18
21.11
22.82
19.99
19.11
22.22
21.11
20.55
56
4.409
Shares (diluted)B
4.849
4.938
4.272
4.014
3.915
3.617
3.956
4.285
4.611
4.608
4.335
3.31%
(0.91%)
84
4.29
Buyback yield%
4.61
6.29
3.66
2.89
2.60
4.74
5.30
4.30
1.78
1.54
15.05
4.30
3.98
61
0.717
D/E ratiox
2.852
3.156
3.716
3.869
4.101
4.330
4.499
4.495
5.258
5.796
1.608
4.499
4.215
86
323.7
Enterprise valueAED M
450.1
524.4
506.5
497.2
580.2
625.5
641.5
616.2
643.1
667.6
274.7
2.85%
3.70%
68
318.4
LT debtAED M
370.2
385.9
420.1
423.7
430.2
411.3
386.7
395.6
440.6
500.2
491.7
3.06%
3.74%
93
Revenue
AED 578.2M
8.89%
1.00×
Cost of revenue
AED 343.2M
9.01%
1.01×
Operating expenses
AED 69.62M
8.58%
0.97×
Goodwill & intangibles
15.60%
Spread over hurdle
(5.35%)