Financials Emirates REIT (CEIC) PLC

Equities

REIT

AEDFXA1XE5D7

Specialized REITs

Market Closed - Nasdaq Dubai 04:01:13 2024-04-18 am EDT 5-day change 1st Jan Change
0.202 USD -2.42% Intraday chart for Emirates REIT (CEIC) PLC 0.00% -2.42%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 280.9 173.4 53.92 86.23 76.57 66.59
Enterprise Value (EV) 1 706.3 687.5 593.4 611.1 547.3 538.8
P/E ratio 12.6 x -6.76 x -0.22 x 1.37 x 0.93 x 0.52 x
Yield 8.53% - - - - -
Capitalization / Revenue 4.02 x 2.38 x 0.82 x 1.39 x 1.11 x 0.9 x
EV / Revenue 10.1 x 9.44 x 8.99 x 9.84 x 7.96 x 7.24 x
EV / EBITDA - - - - - -
EV / FCF -27,037 x 165 x -105 x 130 x 36.6 x 42.8 x
FCF Yield -0% 0.61% -0.95% 0.77% 2.73% 2.34%
Price to Book 0.54 x 0.37 x 0.24 x 0.3 x 0.21 x 0.13 x
Nbr of stocks (in thousands) 321,710 321,710 321,710 321,710 321,710 321,710
Reference price 2 0.8731 0.5389 0.1676 0.2681 0.2380 0.2070
Announcement Date 4/18/19 4/9/20 5/5/21 4/27/22 4/4/23 4/16/24
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 69.92 72.87 66.03 62.09 68.78 74.39
EBITDA - - - - - -
EBIT 1 32.57 33.37 29.26 40.12 33.66 44.04
Operating Margin 46.58% 45.79% 44.31% 64.61% 48.93% 59.2%
Earnings before Tax (EBT) 1 22.32 -25.63 -242.9 63.11 81.99 127.2
Net income 1 22.32 -25.63 -242.9 63.11 81.99 127.2
Net margin 31.93% -35.17% -367.86% 101.64% 119.2% 170.93%
EPS 2 0.0694 -0.0797 -0.7604 0.1963 0.2549 0.3952
Free Cash Flow 1 -0.0261 4.164 -5.639 4.71 14.94 12.6
FCF margin -0.04% 5.71% -8.54% 7.59% 21.71% 16.93%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - 7.46% 18.22% 9.91%
Dividend per Share 2 0.0745 - - - - -
Announcement Date 4/18/19 4/9/20 5/5/21 4/27/22 4/4/23 4/16/24
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 425 514 540 525 471 472
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -0.03 4.16 -5.64 4.71 14.9 12.6
ROE (net income / shareholders' equity) 4.29% -5.18% -69.9% 24.5% 24.8% 29.2%
ROA (Net income/ Total Assets) 2.08% 2.02% 1.96% 3.03% 2.36% 2.8%
Assets 1 1,074 -1,271 -12,369 2,086 3,476 4,542
Book Value Per Share 2 1.620 1.460 0.7000 0.9000 1.160 1.550
Cash Flow per Share 2 0.1200 0.1500 0.0400 0.0300 0.1500 0.0700
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 4/18/19 4/9/20 5/5/21 4/27/22 4/4/23 4/16/24
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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