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Dubai Electricity and Water Authority (PJSC) (DEWA.AE)

AED2.71 -0.04 (-1.45%)
AE DFM Utilities Diversified Utilities
Address Sheikh Rashid Road
Dubai, DU, AE
CEO Saeed Mohammed Ahmad Al Tayer
IPO 2022-06-15
ISIN AED001801011

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Description

Established in 1959 and headquartered in Dubai, United Arab Emirates, the Dubai Electricity and Water Authority (PJSC) functions as a comprehensive utility provider. Its primary mandate involves generating, transmitting, and distributing electricity, alongside managing water desalination, transmission, and distribution, serving residential, commercial, industrial, and governmental clients across Dubai. Operating through four segments—DEWA, EMPOWER, IPP, and Others—the company's extensive activities extend beyond its core utility services. These encompass the provision and upkeep of cooling plants, the development, operation, and maintenance of power and water facilities under an independent water producer (IPP) model, and the purification and sale of potable water. Furthermore, DEWA offers a broad spectrum of technology and infrastructure solutions. This includes IT infrastructure, networking, computer system housing, and data entry, as well as communication equipment, software design, data classification and analysis, and data center co-location services. The company also manages and operates satellites, providing related services such as space situational tracking, monitoring, and awareness, alongside the installation of wired and wireless communication systems. Its diversified portfolio also features the installation and maintenance of air conditioning, ventilation, and air filtration systems; project development and consulting; and the operation and maintenance of desalination and sewage treatment plants. DEWA is additionally involved in implementing electronic parking management systems, investing in and managing commercial, industrial, retail, and energy ventures, implementing energy efficiency measures in buildings, and manufacturing insulated pipes. The company also delivers engineering consultancy for energy projects, trades carbon control systems, and provides rental and installation services for solar energy systems.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
AED2.71 -0.04 (-1.45%)
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Volume Profile
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Liquidity & share structure
Average Volume
11M
Beta
0.20
Float Shares
9.00B
Free Float %
18.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.81% -1.09% -0.37% -12.58% -1.09% -2.17% +1.12% +9.27% -5.57% -5.57% -5.57%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2.71
DCF (Unlevered) 3.21 +18.6%
DCF (Levered) 8.92 +229.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 60% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 6 0
Hold 6 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.44
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Diversified Utilities: +5.3%
    +6.0% Q1'26: +8.2% (vs Q1'25)
  • EPS growth Diversified Utilities: +4.4%
    +21.4% Q1'26: +81.0% (vs Q1'25)
  • FCF margin FCF growth · Diversified Utilities: +8.5%
    +42.1% Q1'26: +22.7% (vs Q1'25)
  • EBIT margin Diversified Utilities: +20.5%
    +30.2% Q1'26: +18.5% (vs Q1'25)
  • ROIC Diversified Utilities: +4.5%
    +7.4% Q1'26: +3.5% (vs Q1'25)
  • Share dilution Diversified Utilities: -0.2%
    +8.2% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Diversified Utilities: 3.55×
    2.32× Q1'26: 3.84× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.23) × ERP
WACC = 79% × Ke + 21% × Kd (4.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3.16 Current price: 2.71
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
7 Rev. Ana.
7 EPS Ana.
Dec 2027
11 Rev. Ana.
12 EPS Ana.
Dec 2028
4 Rev. Ana.
7 EPS Ana.
Dec 2029
5 Rev. Ana.
10 EPS Ana.
Dec 2030
5 Rev. Ana.
5 EPS Ana.
Revenue
27.34B
est: 26.98B (+1.3%)
29.18B
est: 29.13B (+0.2%)
30.98B
est: 31.00B (-0.1%)
32.84B
est: 32.90B (-0.2%)
33.60B
33.34B – 33.90B
+2.1% YoY
35.23B
34.31B – 36.16B
+4.8% YoY
36.52B
35.90B – 37.17B
+3.7% YoY
36.90B
36.27B – 37.56B
+1.0% YoY
38.22B
37.57B – 38.91B
+3.6% YoY
EBITDA
14.15B
est: 13.84B (+2.2%)
15.59B
est: 14.95B (+4.3%)
16.68B
est: 15.81B (+5.5%)
16.64B
est: 16.78B (-0.9%)
17.14B
17.00B – 17.29B
+2.1% YoY
17.97B
17.50B – 18.44B
+4.8% YoY
18.62B
18.31B – 18.96B
+3.7% YoY
18.82B
18.50B – 19.16B
+1.0% YoY
19.50B
19.16B – 19.84B
+3.6% YoY
EBIT
8.68B
est: 8.14B (+6.7%)
9.44B
est: 8.79B (+7.4%)
10.06B
est: 9.85B (+2.1%)
9.93B
est: 10.46B (-5.0%)
10.68B
10.59B – 10.77B
+2.1% YoY
11.19B
10.90B – 11.49B
+4.8% YoY
11.60B
11.41B – 11.81B
+3.7% YoY
11.73B
11.53B – 11.94B
+1.0% YoY
12.15B
11.94B – 12.37B
+3.6% YoY
Net Income
7.72B
est: 7.48B (+3.2%)
7.70B
est: 7.50B (+2.6%)
7.01B
est: 7.47B (-6.1%)
8.35B
est: 8.86B (-5.8%)
8.79B
8.55B – 9.11B
-0.8% YoY
9.53B
8.74B – 10.37B
+8.5% YoY
10.32B
10.09B – 10.56B
+8.3% YoY
10.57B
10.34B – 10.82B
+2.4% YoY
11.09B
10.85B – 11.35B
+5.0% YoY
SGA
625.92M
est: 1.04B (-40.0%)
2.47B
est: 1.13B (+119.6%)
714.86M
est: 1.01B (-29.0%)
est: 1.07B (-100.0%)
1.09B
1.08B – 1.10B
+2.1% YoY
1.14B
1.11B – 1.17B
+4.8% YoY
1.19B
1.17B – 1.21B
+3.7% YoY
1.20B
1.18B – 1.22B
+1.0% YoY
1.24B
1.22B – 1.26B
+3.6% YoY
EPS
0.15
est: 0.15 (+0.3%)
0.15
est: 0.15 (0.0%)
0.14
est: 0.14 (+1.4%)
0.17
est: 0.16 (+3.9%)
0.16
0.16 – 0.17
-0.8% YoY
0.18
0.16 – 0.19
+8.5% YoY
0.19
0.19 – 0.20
+8.3% YoY
0.20
0.19 – 0.20
+2.4% YoY
0.21
0.20 – 0.21
+5.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A 4/5 5/5 3/5 5/5 4/5 3/5 3/5
2026-05-08 A 4/5 5/5 3/5 5/5 3/5 3/5 3/5
2026-05-07 A 4/5 5/5 3/5 5/5 3/5 3/5 3/5
2026-05-06 A 4/5 5/5 3/5 5/5 3/5 3/5 3/5
2026-05-05 A 4/5 5/5 3/5 5/5 3/5 3/5 3/5
2026-05-04 A 4/5 5/5 3/5 5/5 3/5 3/5 3/5
2026-05-01 A 4/5 5/5 3/5 5/5 3/5 3/5 3/5
2026-04-30 A 4/5 5/5 3/5 5/5 3/5 3/5 3/5
2026-04-29 A 4/5 5/5 3/5 5/5 3/5 3/5 3/5
2026-04-28 A 4/5 5/5 3/5 5/5 3/5 3/5 3/5
2026-04-27 A- 4/5 5/5 3/5 5/5 2/5 2/5 3/5
2026-04-24 A- 4/5 5/5 3/5 5/5 2/5 2/5 3/5
2026-04-23 A- 4/5 5/5 3/5 5/5 2/5 2/5 3/5
2026-04-22 A- 4/5 5/5 3/5 5/5 2/5 2/5 3/5
2026-04-21 A- 4/5 5/5 3/5 5/5 2/5 2/5 3/5
2026-04-20 A- 4/5 5/5 3/5 5/5 2/5 2/5 3/5
2026-04-17 A- 4/5 5/5 3/5 5/5 2/5 2/5 3/5
2026-04-16 A- 4/5 5/5 3/5 5/5 2/5 2/5 3/5
2026-04-15 A- 4/5 5/5 3/5 5/5 2/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
21.20B
OE per share TTM
0.41
Owner's Yield
14.14%
Maintenance CapEx ratio
39.24%
Maint CapEx / Avg PPE
554.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
846.7K
Shares Outstanding
50.00B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Abdulla Al Hajri Executive Vice President of Billing Services male
Abdullah Obaidullah Executive Vice President of Water & Civil male
Khawla Al Mehairi Executive Vice President of Strategy & Government Communications female
Marwan Bin Haidar Executive Vice President of Innovation and The Future male
Saeed Mohammed Ahmad Al Tayer Chief Executive Officer, MD & Vice Chairman
Thomas Varghese Chief Financial Officer male
Waleed Bin Salman Executive Vice President of Business Development & Excellence male
Yousef Badi Chief Legal Adviser male
Yousef Ebrahim Al-Akraf Executive Vice President for Business Support and Human Resources
Yousef Jebril Executive Vice President of Power & Water Planning male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits