Added to YB: 2025-02-11
Pitch date: 2025-02-07
SALIK.AE [bullish]
Salik Company P.J.S.C.
+27.22%
current return
Author Info
Saadiyat Capital has been an investment analyst for various hedge funds in the UK, USA, and Germany (currently in London). Sign up for the newsletter.
Company Info
Salik Company P.J.S.C. designs, constructs, operates, and maintains the toll gates in Dubai. The company offers civil, electrical, gantry design and manufacturing, system integration, testing, and commissioning services.
Market Cap
AED 37.7B
Pitch Price
AED 4.87
Price Target
5.11 (-17%)
Dividend
2.92%
EV/EBITDA
27.61
P/E
33.76
EV/Sales
18.55
Sector
Transportation Infrastructure
Category
dividend
Salik PJSC Pitch
SALIK.AE: Dubai's sole toll operator. 10 strategic gates, exclusive concession till 2071. Dynamic pricing (50% hike peak hours) & 2 new tolls boost revenue. 61% car use, limited public transport. 42% toll revenue growth next 4Q. 60%+ op margin, 28% ROIC. 8% dividend yield. Target 5.11 AED.
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