Frontierby eninvs

Language: EN · RU

← Region

Aldar Properties AED

At a glance: strengths & risks
✓Revenue growing (+47%)✓Profit growing (+36%)✓Low leverage (0.4x EBITDA)

Sector: Real estate

AE_ALDAR

Price chart

7.6 AEDDay —

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
7.6 AED
Market cap
59.8 bn AED

Growth

Δ revenue y/y
4.8%
Δ EBITDA y/y
18.1%

Multiples

P/E (LTM)
7.3x
P/B (FY)
1.2x
P/E (ann.)
6.9x
EV/EBITDA (LTM)
6.7x
EV/EBITDA (ann.)
6.6x

Cash return

Dividend yield
—
FCF yield (LTM)
11.1%

Value creation

fundamental value/yr, % of market cap
Value created / year
+10.9%
↓ details

Liquidity

Daily turnover
—

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B AED, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB AEDOperating profitB AEDD&AB AEDEBITDAB AEDNet profitB AEDOperating CFB AEDCapex + M&AB AEDAssetsB AEDEquityB AEDROE (annualized)Net debtB AEDSource
2026-06-30Q2 2026 (3M)OK8.1
y/y 4.8%
2.4
y/y 18.0%
0.2
y/y 19.2%
2.6
y/y 18.1%
2.2
y/y 9.9%
-1.4-0.2125.5
y/y 27.4%
51.8
y/y 16.0%
16.9%10.5Link
2026-03-31Q1 2026 (3M)OK8.7
y/y 12.1%
2.8
y/y 21.9%
0.2
y/y 17.4%
3.0
y/y 21.6%
2.0
y/y 24.2%
1.6-0.6119.7
y/y 29.7%
50.7
y/y 19.9%
16.4%7.5Link
2025-12-31Q4 2025 (3M)OK10.3
y/y 58.0%
2.5
y/y 52.9%
0.1
y/y -3.7%
2.6
y/y 48.9%
2.5
y/y 50.5%
2.9-0.7109.6
y/y 27.8%
48.8
y/y 13.9%
16.2%3.9Link
2025-09-30Q3 2025 (3M)OK8.0
y/y 43.8%
2.2
y/y 60.8%
0.2
y/y 18.3%
2.4
y/y 56.4%
1.5
y/y 40.6%
1.2-0.9102.1
y/y 26.1%
45.4
y/y 10.9%
4.5%5.3Link
2025-06-30Q2 2025 (3M)OK7.7
y/y 45.9%
2.1
y/y 47.6%
0.2
y/y 19.7%
2.2
y/y 45.0%
2.0
y/y 27.0%
2.8-0.298.6
y/y 29.4%
44.6
y/y 12.0%
18.1%4.1Link
2025-03-31Q1 2025 (3M)OK7.8
y/y 38.7%
2.3
y/y 45.2%
0.2
y/y 11.2%
2.4
y/y 42.3%
1.6
y/y 24.6%
1.3-0.192.3
y/y 25.7%
42.3
y/y 11.2%
15.4%4.0Link
2024-12-31Q4 2024 (3M)OK6.5
y/y 47.8%
1.6
y/y 52.6%
0.1
y/y 15.4%
1.7
y/y 49.2%
1.6
y/y 36.2%
3.0-0.285.7
y/y 17.7%
42.8
y/y 12.1%
13.4%1.3Link
2024-09-30Q3 2024 (3M)OK5.6
y/y 61.4%
1.4
y/y 48.2%
0.2
y/y 23.9%
1.5
y/y 45.3%
1.1
y/y 37.0%
0.7-0.481.0
y/y 14.3%
40.9
y/y 11.5%
3.6%2.1Link
2024-06-30Q2 2024 (3M)OK5.3
y/y 63.7%
1.4
y/y 46.1%
0.1
y/y 29.9%
1.5
y/y 44.4%
1.6
y/y 29.5%
1.1-0.176.2
y/y 13.9%
39.8
y/y 14.0%
15.9%1.5Link
2024-03-31Q1 2024 (3M)OK5.6
y/y 83.2%
1.6
y/y 88.4%
0.1
y/y 39.5%
1.7
y/y 82.9%
1.3
y/y 81.4%
0.3-0.273.4
y/y 15.1%
38.0
y/y 13.0%
13.8%0.8Link
2023-12-31Q4 2023 (3M)OK4.4
y/y —
1.1
y/y —
0.1
y/y —
1.2
y/y —
1.2
y/y —
0.8-0.372.9
y/y —
38.2
y/y —
10.5%0.4Link
2023-09-30Q3 2023 (3M)OK3.5
y/y —
0.9
y/y —
0.1
y/y —
1.0
y/y —
0.8
y/y —
2.6-0.270.8
y/y —
36.7
y/y —
3.0%-1.1Link
2023-06-30Q2 2023 (3M)OK3.2
y/y —
1.0
y/y —
0.1
y/y —
1.1
y/y —
1.2
y/y —
1.3-0.266.9
y/y —
35.0
y/y —
14.0%0.0Link
2023-03-31Q1 2023 (3M)OK3.1
y/y —
0.8
y/y —
0.1
y/y —
0.9
y/y —
0.7
y/y —
-0.8-0.163.8
y/y —
33.7
y/y —
—-1.1Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values (AED mln)

02 5005 0007 50010 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

0%25%50%75%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF (AED mln)

-10 000-5 00005 00010 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash (AED mln)

02 5005 0007 50010 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is broadly cash-backed
In a typical year of 2022–2025 operating cash flow came to 1.00x of reported net profit; after capex, 0.80x.
year2022202320242025
cash flow / profit2.14x0.92x0.92x1.08x
accruals, % of assets-5.5%0.5%0.5%-0.6%
Last twelve months (to 2026-06-30): 1.04x of profit came back as operating cash flow.
net debt / EBITDA 0.4x · capex 2.7x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Developer operating data

Property sales and revenue backlog from official press releases (AED bn). Backlog = contracted sales not yet recognized as revenue - a 2-3 year forward revenue indicator.

PeriodGroup sales, AED bnUAE sales, AED bnDev backlog, AED bnNet profit, AED bn
Q1 20266.75.972.12.3

2026 handover guidance: >3 500 units

Source: Aldar Q1 2026 Earnings Press Release (28.04.2026)

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +11.8%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (2 645 − 2 241) × 3.98
1 612
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (59 756 + 10 535) ÷ 10 531
6.7x
3. Target multiple
(Current EV/EBITDA + 10) ÷ 2
= (6.7 + 10) ÷ 2
8.3x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -6 393 + 0 + 0 − 0
-6 393
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (1 612 × 8.3 + -6 393) ÷ 59 756
+11.8%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +47% vs +62% the year before — a -15.4 pp move. 3-year CAGR +45%.
revenue growth by year: 2023 +26% · 2024 +62% · 2025 +47%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

No dividend rows found for this issuer.

Investor reporting (IR): https://www.adx.ae/en/main-market/company-profile/financial-reports?symbols=ALDAR

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Aldar Properties — from primary filings.

Frequently asked questions

What is Aldar Properties's P/E ratio?
Aldar Properties trades at a P/E of 7.3x (price to trailing 12-month earnings).
What is Aldar Properties's EV/EBITDA?
Aldar Properties trades at 6.7x EV/EBITDA.
What is Aldar Properties's P/B ratio?
Aldar Properties trades at a P/B of 1.2x.
What is Aldar Properties's return on equity (ROE)?
Aldar Properties's ROE is 16.9%.
What is Aldar Properties's market capitalization?
Aldar Properties's market cap is 59.8 bn AED.

See also: UAE Stocks (2026): Tax-Free Dividends in Dubai and Abu Dhabi · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map