Company Valuation: Q Holding

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 889.9 24,897 27,422 21,458 54,599 54,926
Change - 2,697.79% 10.14% -21.75% 154.45% 0.6%
Enterprise Value (EV) 1 3,376 25,597 24,552 18,740 50,933 49,642
Change - 658.21% -4.09% -23.67% 171.78% -2.53%
P/E 6.21x 46x 28x 46.5x 5.27x 13.7x
PBR 0.41x 3.77x 2.06x 1.56x 1.1x 1.02x
PEG - -1x 0.6x -0.9x 0x -0.2x
Capitalization / Revenue 2.06x 63.1x 40.2x 24.3x 8.39x 3.97x
EV / Revenue 7.8x 64.9x 36x 21.2x 7.82x 3.59x
EV / EBITDA 26.5x 160x 249x 65.7x 45.2x 13.3x
EV / EBIT 32x 187x 312x 71.8x 57.2x 15.5x
EV / FCF -18.6x -34.5x -10.2x -69.8x -1.89x 30.8x
FCF Yield -5.37% -2.9% -9.76% -1.43% -53% 3.25%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.1771 0.0983 0.1429 0.0673 0.6339 0.2459
Distribution rate - - - - - -
Net sales 1 432.9 394.3 682.4 882.4 6,511 13,829
EBITDA 1 127.5 160 98.42 285.3 1,127 3,743
EBIT 1 105.4 137.1 78.69 261 890.8 3,212
Net income 1 153.3 164.8 899.7 461.3 9,423 4,020
Net Debt 1 2,486 700.3 -2,871 -2,718 -3,666 -5,284
Reference price 2 1.100 4.520 4.000 3.130 3.340 3.360
Nbr of stocks (in thousands) 808,984 5,508,191 6,855,599 6,855,599 16,347,080 16,347,080
Announcement Date 1/26/22 A 1/26/22 A 2/6/23 A 1/30/24 A 2/12/25 A 2/18/26 A
1AED in Million2AED
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 13.35B
13.9x4.52x12.15x3.64% 39.56B
5.75x0.78x1.61x8.56% 28.1B
18.06x3.97x15.98x1.36% 27.94B
7.79x1.41x7.78x4.54% 26.04B
13.93x3.1x14.81x2.51% 25.78B
8.14x0.9x3.28x2.75% 20.81B
10.21x2x8.25x4.11% 20.52B
13.1x6.4x16.84x1.66% 18.82B
37.84x13.87x34.9x3.14% 18.26B
Average 14.30x 4.11x 12.85x 3.59% 23.92B
Weighted average by Cap. 13.70x 3.82x 12.17x 3.7%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA