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 | UAE 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 UAE 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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The information and opinions contained in this section have been compiled from, or arrived at in good faith, from sources believed to be reliable but no guarantee or warranty is made by SHUAA Capital or AMEinfo.com as to the accuracy or completeness of the information contained herein.
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