Risk factor
Strong & resilient to price shocks
Profitability factor
Greatly undervalued vs peers
About
Emaar Development PJSC, along with its associated companies, primarily engages in the construction and direct sale of residential and commercial properties across the United Arab Emirates. The firm also provides property development management solutions. Furthermore, its operations encompass the acquisition and divestiture of real estate and land, the leasing and oversight of its owned property assets, and strategic investments in commercial ventures and their administration. Established in 1997 with its corporate headquarters located in Dubai, UAE, the company was previously known as Emaar Development LLC. It functions as a subsidiary of Emaar Properties PJSC.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBITDA, undervalued on P/FCF.
Target Price
The average target price of EMAARDEV.AE is 18 and suggests 30% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i