Emaar Properties
| Name | Emaar Properties |
|---|---|
| Sector | Construction and Real Estate - Real Estate developers |
| Trading | DFM |
| RIC Code | EMAR.DU |
| Location | UAE |
Profile and Background
EMAAR's strong support from the government, which holds a 32% equity stake, has granted it a large strategic land-bank that has a total value estimated at AED 23 bn. EMAAR's portfolio of projects includes the following: 1.
Dubai Marina: man-made waterfront to be completed by June 2005 at a cost of AED 4.52 bn. 2. EMAAR Towers: 168 Freehold apartments completed at a cost of AED 148 mn. 3. Arabian Ranches: AED 2,376 mn development including 3,691 units, golf course and equestrian center with polo ground.
4. Burj Dubai: Tallest structure in the world to include residence, commercial outlets, hotel, and entertainment that costs AED 9 bn. 5. Emirates Living: includes 5 residential projects. EMAAR also owns and controls the following subsidiaries: " Amlak Finance: Property financing company with a paid-up capital of AED 750 mn that lends medium and long-term mortgages.
" Dubai Bank: Established in 2002 to provide retail & commercial products & services. Paid-in capital was raised to AED 500 mn. " Sahm Technologies: Established in 2001 and owns telecom infrastructure for EMAAR developments.
" Emrill: JV with UK-based Carillion and provides energy management, mechanical and engineering maintenance, and sanitation services. " JV with Armani to develop luxury hotel chain in Dubai, Milan, London, Paris
Shareholding Groups
| Individuals | 34% |
|---|---|
| Institutions | N/A |
| Floating | 34% |
| Government | 32% |
Board Members (Listed in alphabetical order)
Stock Performance
Market Information
| Stock | Syria Index | |
|---|---|---|
| Last Closing | AED 24.45 | 5339.64 |
| YTD % | 107.63% | 81.7% |
| Weekly % | 0.205% | -0.08% |
| Year High | AED 27.1 | 5771.11 |
| Year Low | AED 11.168 | 2938.78 |
| 52 Week High | AED 59.2 | 5771.11 |
| 52 Week Low | AED 5.55 | 1639.31 |
| BETA | 2.2602 | |
| Outstanding Shares | 2,835,500,000 | |
| Market Cap | AED 69,327,975,000 | |
| Market Cap in $ | USD $18,875,541,126 | |
| % of Syria Market | 11.77% | |
| % of Sector | 78.94% | |
| Rank by Cap | 2 |
Key Figures in '000 AED
| 2004 | 2003 | 2002 | |
|---|---|---|---|
| Total Assets | 12,755,857 | 9,205,685 | 6,637,607 |
| Shareholder's Equity | 7,501,898 | 6,395,691 | 5,604,316 |
| NIAT | 1,690,557 | 676,342 | 516,980 |
| Dividends | 344,500 | 318,000 | 265,000 |
Financial Ratios
| 2004 | 2003 | 2002 | |
|---|---|---|---|
| Assets Growth | 38.57% | 38.69% | -64.37% |
| Earning Growth | 149.96% | 30.83% | 51.20% |
| ROaA | 15.40% | 8.54% | 4.09% |
| ROaE | 24.33% | 11.27% | 4.34% |
| No. Of Shares | 2,650,000,000 | 265,000,000 | 265,000,000 |
| EPS | 0.64 | 2.55 | 1.95 |
| EPS Growth | 149.96% | 30.83% | 51.20% |
| Payout Ratio | 20.378 | 47.018 | 51.259 |
Valuation Ratios
| Trailing | |
|---|---|
| PE | 41.01 |
| PB | 9.24 |
| DVPS | 0.12 |
| Div Yield | 0.50% |
| EV | 33,390,000.00 |
| EV/Equity | 4.45 |
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