Emaar The Economic City (4220) — Financial Analysis & Intrinsic Value · TASIV

Emaar The Economic City intrinsic value and dividend analysis using DCF, P/B, PEG and PSG models. Includes dividend yield, payout ratio, and dividend sustainability assessment. Sector: Real Estate Mgmt & Development. Listed on Saudi Exchange Tadawul.

Company Overview

Emaar The Economic City develops real estate within Saudi Arabia's economic zones, primarily the King Abdullah Economic City, operating through Residential, Industrial Development, Hospitality and Leisure, Education, and City Operations segments. Its activities include infrastructure development, land sales and leasing, construction of residential and commercial buildings, and operation of schools, hotels, and city utilities. The company was incorporated in 2006 and is based in King Abdullah Economic City.

Valuation Model

TASIV estimates this company's intrinsic value using a Price-to-Book (P/B) model. As of TASIV's most recent data refresh, the estimated intrinsic value is SAR 11.42 compared to a market price of SAR 9.74 (Trading below DCF model value). This is an analytical estimate, not investment advice.

Financial Performance

Revenue was volatile over the three-year period, falling sharply in the middle year before ending about 10% above its starting level. Net income and operating cash flow both remained negative throughout, but each loss narrowed considerably by the final year — net income by about 97% and operating cash flow by about 75% — despite net income widening sharply in the middle year. Overall, the company's historical financial performance shows volatile revenue alongside continued but narrowing net losses and negative operating cash flow.

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Frequently Asked Questions

What is the estimated intrinsic value of Emaar The Economic City (4220) according to TASIV's model?

Based on TASIV's Price-to-Book (P/B) model, the estimated intrinsic value of Emaar The Economic City is approximately SAR 11.42, compared to a current market price of SAR 9.74. This is an analytical estimate based on the company's financial data, not investment advice or a recommendation to buy or sell.

How does Emaar The Economic City's current market price compare to TASIV's model value?

According to TASIV's model, Emaar The Economic City is currently "Trading below DCF model value".

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