Dubai Electricity and Water Authority (PJSC) (DFM:DEWA)

DFM:DEWA Ratios and Metrics

Market cap in millions AED. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 13, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	133,500	138,500	142,000	123,000	116,000	-
Market Cap Growth	0.38%	-2.46%	15.45%	6.03%	-	-
Enterprise Value	160,596	165,075	170,482	151,193	143,059	-
PE Ratio	15.99	16.59	20.25	15.97	15.02	-
PS Ratio	4.06	4.22	4.58	4.22	4.24	-
PB Ratio	1.37	1.42	1.50	1.33	1.26	-
P/FCF Ratio	11.86	12.30	17.39	12.66	20.71	-
P/OCF Ratio	6.11	6.34	8.14	7.45	8.15	-
EV/Sales Ratio	4.89	5.03	5.50	5.18	5.23	-
EV/EBITDA Ratio	9.56	9.84	11.06	10.45	10.57	-
EV/EBIT Ratio	15.76	16.20	19.06	17.91	17.53	-
EV/FCF Ratio	14.26	14.66	20.87	15.57	25.54	-
Debt / Equity Ratio	0.40	0.40	0.38	0.42	0.44	0.31
Debt / EBITDA Ratio	2.30	2.30	2.35	2.68	3.01	2.55
Debt / FCF Ratio	3.44	3.44	4.43	4.01	7.27	-
Net Debt / Equity Ratio	0.21	0.21	0.23	0.27	0.26	0.19
Net Debt / EBITDA Ratio	1.21	1.21	1.43	1.76	1.79	1.56
Net Debt / FCF Ratio	1.81	1.81	2.69	2.62	4.34	-7.93
Quick Ratio	0.82	0.82	0.68	0.64	1.21	0.89
Current Ratio	0.89	0.89	0.75	0.72	1.30	1.00
Asset Turnover	0.17	0.17	0.17	0.16	0.16	0.14
Return on Equity (ROE)	9.40%	9.40%	7.71%	8.57%	8.65%	7.14%
Return on Assets (ROA)	3.35%	3.35%	3.06%	2.92%	2.91%	2.36%
Return on Capital Employed (ROCE)	6.00%	6.00%	5.60%	5.50%	5.00%	4.10%
Earnings Yield	6.25%	6.03%	4.94%	6.26%	6.66%	-
FCF Yield	8.43%	8.13%	5.75%	7.90%	4.83%	-
Dividend Yield	4.66%	4.48%	4.58%	5.56%	6.29%	-
Payout Ratio	74.28%	74.28%	88.41%	102.20%	169.63%	32.66%
Total Shareholder Return	4.66%	4.48%	4.58%	5.56%	6.29%	-

Source: S&P Global Market Intelligence. Utility template. Financial Sources.