- Taqa’s net income for Q3 2024 is 1.87 billion dirhams, marking a 15% increase from the previous year.
- Total revenue for the quarter reached 14.56 billion dirhams, up by 14% compared to last year.
- The company’s gross profit rose by 6.2% to 3.31 billion dirhams year-over-year.
- Earnings per share (EPS) have doubled, rising from 0.010 dirhams last year to 0.020 dirhams.
- The rise in group revenues over the first nine months is primarily driven by contributions from Water Solutions and Transmission & Distribution (T&D) sectors.
- Analyst recommendations for Taqa include 0 buys, 2 holds, and 1 sell.
A look at Abu Dhabi National Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have provided a comprehensive overview of Abu Dhabi National Energy Company’s long-term outlook using the Smart Scores system. With ratings in various key factors, the company demonstrates a mixed bag. While scoring lower in Value and Dividend at 2, Abu Dhabi National Energy shows promise in Growth and Resilience with scores of 3. This indicates a potential for upward momentum in the company’s expansion and a moderate level of ability to withstand challenges.
Abu Dhabi National Energy Company, a global energy entity with diverse operations in power generation, water desalination, upstream oil/gas, pipelines, gas storage, and LNG regas, appears to have a balanced outlook based on the Smart Scores assessment. Despite a lackluster showing in certain areas, the company’s strategic positioning and operational resilience may pave the way for future developments and sustainable growth prospects in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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