Abu Dhabi Ports Company PJSC

Abu Dhabi Ports Company PJSC maintains a capital structure characterized by significant leverage, with long-term debt of 20.94 billion AED against total equity of 24.86 billion AED. The debt-to-equity ratio stands at 0.84, indicating a moderate reliance on debt financing. Liquidity is assessed as medium risk, supported by a current ratio of 1.37, which suggests the company can meet its short-term obligations. However, the company holds only 0.95 billion AED in cash and equivalents, resulting in a negative net cash position after subtracting total debt. Operating cash flow is robust at 5.25 billion AED, but free cash flow is negative at -0.20 billion AED due to high capital expenditures of 4.16 billion AED.

Profitability metrics show a return on equity of 6.9% and a return on assets of 2.47%. The company generated a gross profit of 5.63 billion AED on revenue of 20.77 billion AED, resulting in an operating income of 2.27 billion AED and net income of 1.57 billion AED. Without cohort median data for direct comparison, these returns reflect the capital-intensive nature of the transportation infrastructure industry. The gross margin is approximately 27.1%, while the net margin is around 7.5%.

Revenue concentration and segment details are not explicitly provided in the available data, preventing a detailed analysis of geographic or business segment exposure. The company's total assets amount to 69.40 billion AED, with total liabilities of 44.54 billion AED. The absence of segment data limits the ability to assess diversification risks or specific growth drivers within different business lines.

Growth trajectory analysis is constrained by the lack of historical period data in the input. The current financial snapshot provides a single-period view, with no year-over-year or quarterly trends available to evaluate revenue or earnings momentum. The company's share count remains stable at 5.08 billion shares for both basic and diluted calculations, indicating no recent dilutive events.

Risk assessment highlights medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, which may impact financial flexibility. The high capital expenditure relative to operating cash flow suggests ongoing investment in infrastructure, which could pressure free cash flow in the near term. The low dilution risk is consistent with the stable share count and absence of recent equity issuances.

Recent events include analyst estimates with a mean price target of 6.63 AED and a median target of 6.80 AED. The mean recommendation is 2.00, indicating a buy rating, with two strong-buy and four buy recommendations. The price target range spans from 4.70 AED to 8.50 AED, reflecting varying analyst expectations. No specific filing, news, or transcript observations are provided in the input data.

Analysts project 46% upside to a mean price target of 6.63 AED, reflecting strong buy consensus from eight analysts.

Cash conversion ratio of 3.06 ranks as best-in-class, far surpassing the cohort median of 1.18.

Debt-to-equity ratio of 0.84 is below the cohort median of 0.38, suggesting a relatively conservative leverage profile.

The company faces high credit risk, signaling potential difficulties in meeting financial obligations or servicing existing debt.

Free cash flow remains negative at -197 million AED in FY2026, indicating persistent cash burn despite revenue growth.

Return on equity of 6.9% trails the cohort median of 7.9%, suggesting less efficient use of shareholder capital.

Medium liquidity risk flags potential challenges in meeting short-term financial obligations or operational cash needs.

Revenue AED 5.75B, +25,1% YoY; Operating income +41,6% YoY.

• ▍Revenue AED 5.75B, +25,1% YoY
• ▍Operating income +41,6% YoY
• ▍Net income +43,1% YoY
• ▍Free cash flow +454,7% YoY
• ▍Net margin 8.7%

Revenue AED 5.95B, +30,6% YoY; Operating income +11,8% YoY.

• ▍Revenue AED 5.95B, +30,6% YoY
• ▍Operating income +11,8% YoY
• ▍Net income +18,4% YoY
• ▍Free cash flow −26,4% YoY
• ▍Net margin 7.6%

Revenue AED 5.39B, +15,7% YoY; Operating income +16,8% YoY.

• ▍Revenue AED 5.39B, +15,7% YoY
• ▍Operating income +16,8% YoY
• ▍Net income +47,6% YoY
• ▍Free cash flow −140,4% YoY
• ▍Net margin 8.2%

Revenue AED 4.83B, +15,4% YoY; Operating income +5,1% YoY.

• ▍Revenue AED 4.83B, +15,4% YoY
• ▍Operating income +5,1% YoY
• ▍Net income −3,5% YoY
• ▍Free cash flow +94,5% YoY
• ▍Net margin 6.6%

Revenue AED 4.60B; Operating income AED 514.7M.

• ▍Revenue AED 4.60B
• ▍Operating income AED 514.7M
• ▍Net margin 7.6%

Revenue AED 4.56B; Operating income AED 577.9M.

• ▍Revenue AED 4.56B
• ▍Operating income AED 577.9M
• ▍Net margin 8.4%

Revenue AED 4.66B; Operating income AED 509.1M.

• ▍Revenue AED 4.66B
• ▍Operating income AED 509.1M
• ▍Net margin 6.5%

Revenue AED 4.18B; Operating income AED 493.5M.

• ▍Revenue AED 4.18B
• ▍Operating income AED 493.5M
• ▍Net margin 8.0%

Revenue AED 20.77B, +20,1% YoY; Operating income +11,4% YoY.

• ▍Revenue AED 20.77B, +20,1% YoY
• ▍Operating income +11,4% YoY
• ▍Net income +17,7% YoY
• ▍Free cash flow −514,7% YoY
• ▍Net margin 7.5%

Revenue AED 17.29B, +48,0% YoY; Operating income +44,8% YoY.

• ▍Revenue AED 17.29B, +48,0% YoY
• ▍Operating income +44,8% YoY
• ▍Net income +24,1% YoY
• ▍Free cash flow +95,5% YoY
• ▍Net margin 7.7%

Revenue AED 11.68B, +112,4% YoY; Operating income +9,7% YoY.

• ▍Revenue AED 11.68B, +112,4% YoY
• ▍Operating income +9,7% YoY
• ▍Net income −14,1% YoY
• ▍Free cash flow +77,8% YoY
• ▍Net margin 9.2%

Revenue AED 5.50B, +40,6% YoY; Operating income +50,8% YoY.

• ▍Revenue AED 5.50B, +40,6% YoY
• ▍Operating income +50,8% YoY
• ▍Net income +47,6% YoY
• ▍Free cash flow −105,6% YoY
• ▍Net margin 22.7%