DFM/MKHZN (DFM/MKHZN)

Dubai Financial Market: DFM/MKHZN · AED

AED 1.67

-0.04 (-2.6%)· Recorded snapshot

Market cap	4.4B
Revenue (ttm)	1.8B
Net income (ttm)	-2.7B
EPS (ttm)	-AED 1.05
Dividend	AED 0.02 (1.43%)
Volume	625

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 1.8B
Net income (ttm): -2.7B
EPS (ttm): -AED 1.05
Market cap: 4.4B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 13:30 UTC

Forward P/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/En/a

P25 n/aP50 n/aP75 n/a

ROE-19.3

P25 n/aP50 n/aP75 n/a

ROIC0.8

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

S&P 500+0.6%

Nasdaq Composite-2.3%

Dow Jones Industrial Average+1.9%

Russell 2000+1.8%

All DFM/MKHZN indicators

Market & fundamental data

Available fields

209

Groups with data

Currency

KWD

Showing 209 of 209 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	AED
Country	Kuwait
Country code	AE
Earnings date	2026-11-12
Employees	37,418
Enterprise value	AED 7.4B
Exchange	Dubai Financial Market
Financial currency	KWD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1979
Industry	Airlines
Is primary listing	No
ISIN number	KW0EQ0601041
Last earnings date	2026-08-13
Last refreshed	2026-10-29
Last stock split date	2022-06-23
Last stock split type	Forward
Market cap	AED 4.4B
Next earnings date	2026-11-12
Price	AED 1.67
Price currency	AED
Sector	Industrials
SIC code	4731
Stock price date	2026-10-29
Symbol	dfm/MKHZN
Website	https://makhazen.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	15.93x
Average P/E ratio (5Y)	14.28x
Earnings yield	-63.31%
EV/EBIT	43.35x
EV/EBITDA	27.44x
EV/FCF	12.09x
EV/Sales	4.25x
FCF / EV yield	8.27%
FCF yield	13.59%
P/B ratio	1.09x
P/FCF ratio	7.36x
P/OCF ratio	5.64x
P/S ratio	2.58x
Price / tangible book value	1.15x
Sector forward P/E	21.45x
Sector P/E	19.9x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	3.03%
EBITDA margin	-13.85%
FCF margin	35.14%
Gross margin	72.74%
Operating margin	3.03%
Pretax margin	-107.69%
Profit margin	-154.62%
Profit per employee	AED -72,979
Revenue per employee	AED 47,200
ROA	0.12%
ROA (5Y)	1.58%
ROCE	0.67%
ROE	-19.32%
ROE (5Y)	4.38%
ROIC	0.77%
ROIC (5Y)	2.86%
Tax / revenue	-0.02%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
FCF growth	-68.4%
FCF growth (QoQ)	135.28%
FCF growth 3Y	-17.67%
FCF growth 5Y	-13.17%
Gross profit growth	-10.05%
Gross profit growth (Q)	-7.5%
Gross profit growth 3Y	-46.42%
Gross profit growth 5Y	-12.43%
OCF growth	-71.08%
OCF growth (Q)	11.58%
OCF growth (QoQ)	129.94%
OCF growth 10Y	-3.5%
OCF growth 3Y	-25.57%
OCF growth 5Y	-16.99%
Operating income growth	-91.19%
Operating income growth (Q)	-18.36%
Operating income growth 3Y	-66.86%
Operating income growth 5Y	-40.83%
Revenue growth	-1.26%
Revenue growth (Q)	-1.42%
Revenue growth (QoQ)	-0.99%
Revenue growth 10Y	-19.25%
Revenue growth 3Y	-50.66%
Revenue growth 5Y	-18.84%

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	AED -188.7M
Depreciation and amortization	AED -297.4M
EBIT	AED 53.5M
EBITDA	AED -244.7M
EPS	AED -1.05
Financing cash flow	AED -497.1M
Free cash flow	AED 618.9M
Gross profit	AED 1.3B
Income taxes	AED -414,544
Investing cash flow	AED -2.8B
Net borrowing	AED -30.6M
Net cash flow	AED -2.5B
Net income	AED -2.7B
Operating income	AED 53.5M
Revenue	AED 1.8B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	0.78
Book value per share	AED 1.60
Debt / EBITDA	21.41
Debt / equity	0.79
Debt / FCF	5.33
Goodwill	AED 46.8M
Interest coverage	0.3
Long-term assets	AED 8.1B
Long-term liabilities	AED 3.8B
Net cash (debt)	AED -2.8B
Net cash / market cap	-61.1%
Net debt / equity	0.67
Net debt / FCF	4.49
Piotroski F-Score	4
Property, plant and equipment	AED 2.4B
Shareholders' equity	AED 4.2B
Tangible book value	AED 4B
Tangible book value per share	AED 1.58
Total assets	AED 9.8B
Total cash	AED 514.4M
Total debt	AED 3.3B
Total liabilities	AED 5.7B

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.06
Current assets	AED 1.7B
Current liabilities	AED 1.8B
Current ratio	0.93
Inventory turnover	71.12
Net working capital	AED -583.3M
Quick ratio	0.38
Working capital	AED -133.3M
Working capital turnover	3.83

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-3.88%
Dividend growth	-80.19%
Dividend growth (10Y)	-17.62%
Dividend growth (3Y)	-53.68%
Dividend growth (5Y)	-25.22%
Dividend growth years	1
Dividend payment date	2026-06-09
Dividend payment years	3
Dividend payout frequency	Annual
Dividend per share	AED 0.02
Dividend yield	1.43%
Ex-dividend date	2026-06-03
Last dividend	AED 0.02
Shareholder yield	-2.49%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-57.49%
10Y return CAGR	-4.35%
10Y total return	-35.91%
150-day SMA	AED 1.62
1D price change	-2.63%
1M price change	-13.73%
1M total return	-13.73%
1W price change	-7.5%
1W total return	-7.5%
1Y price change	-13.28%
1Y return CAGR	-11.98%
1Y total return	-11.97%
20-day SMA	AED 1.84
200-day SMA	AED 1.66
3M price change	4.06%
3M total return	4.06%
3Y price change	-87.19%
3Y return CAGR	-44.08%
3Y total return	-82.52%
50-day SMA	AED 1.72
50-day SMA vs 200-day SMA	50over200
52-week high	AED 2.07
52-week high date	2026-09-10
52-week low	AED 1.40
52-week low date	2026-05-21
5Y price change	-82.63%
5Y return CAGR	-24.78%
5Y total return	-75.92%
6M price change	6.73%
6M total return	8.34%
All-time high	AED 14.50
All-time high date	2024-04-15
All-time low	AED 1.40
All-time low date	2026-03-30
Average true range (ATR)	AED 0.06
Average volume	11.1K
Change from 52-week high	-19.57%
Change from 52-week low	18.93%
Change from all-time high	-88.52%
Change from all-time low	18.93%
Change from open	0%
Day's gap	-2.63%
Dollar volume	AED 1,041
High price	AED 1.67
Low price	AED 1.67
Monthly RSI	34.41
Open price	AED 1.67
Previous close	AED 1.71
Price vs 150-day SMA	2.78%
Price vs 20-day SMA	-9.36%
Price vs 200-day SMA	0.3%
Price vs 50-day SMA	-2.97%
Relative volume	0.06
RSI	40.61
Sharpe ratio	0.02
Sortino ratio	0.15
Volume	625
Weekly RSI	47.12
YTD price change	4.06%
YTD total return	5.63%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1.5B
Shares change (QoQ)	-0.11%
Shares change (YoY)	3.88%
Shares held by institutions	5.68%

Deeper analysis on DFM/MKHZN

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Six-factor overlay and 9-category weighted scorecard.

→

Recommendation

Final action, action steps, opportunity, and biggest risk.

→

Perspectives

Growth, value, and income investor reads.

→

Frequently asked questions

About this DFM/MKHZN report

Is a complete DFM/MKHZN research report available?

No complete published report is available for dfm/MKHZN (DFM/MKHZN) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Market cap

4.4B

Revenue (ttm)

1.8B

Net income (ttm)

-2.7B

EPS (ttm)

-AED 1.05

Dividend

AED 0.02 (1.43%)

Volume

625

Metric

Value

Amount currency

AED

Country

Kuwait

Country code

Earnings date

2026-11-12

Employees

37,418

Enterprise value

AED 7.4B

Exchange

Dubai Financial Market

Financial currency

KWD

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1979

Industry

Airlines

Is primary listing

ISIN number

KW0EQ0601041

Last earnings date

2026-08-13

Last refreshed

2026-10-29

Last stock split date

2022-06-23

Last stock split type

Forward

Market cap

AED 4.4B

Next earnings date

2026-11-12

Price

AED 1.67

Price currency

AED

Sector

Industrials

SIC code

4731

Stock price date

2026-10-29

Symbol

dfm/MKHZN

Website

https://makhazen.com

Metric

Value

Average P/E ratio (10Y)

15.93x

Average P/E ratio (5Y)

14.28x

Earnings yield

-63.31%

EV/EBIT

43.35x

EV/EBITDA

27.44x

EV/FCF

12.09x

EV/Sales

4.25x

FCF / EV yield

8.27%

FCF yield

13.59%

P/B ratio

1.09x

P/FCF ratio

7.36x

P/OCF ratio

5.64x

P/S ratio

2.58x

Price / tangible book value

1.15x

Sector forward P/E

21.45x

Sector P/E

19.9x

Metric

Value

EBIT margin

3.03%

EBITDA margin

-13.85%

FCF margin

35.14%

Gross margin

72.74%

Operating margin

3.03%

Pretax margin

-107.69%

Profit margin

-154.62%

Profit per employee

AED -72,979

Revenue per employee

AED 47,200

ROA

0.12%

ROA (5Y)

1.58%

ROCE

0.67%

ROE

-19.32%

ROE (5Y)

4.38%

ROIC

0.77%

ROIC (5Y)

2.86%

Tax / revenue

-0.02%

Metric

Value

FCF growth

-68.4%

FCF growth (QoQ)

135.28%

FCF growth 3Y

-17.67%

FCF growth 5Y

-13.17%

Gross profit growth

-10.05%

Gross profit growth (Q)

-7.5%

Gross profit growth 3Y

-46.42%

Gross profit growth 5Y

-12.43%

OCF growth

-71.08%

OCF growth (Q)

11.58%

OCF growth (QoQ)

129.94%

OCF growth 10Y

-3.5%

OCF growth 3Y

-25.57%

OCF growth 5Y

-16.99%

Operating income growth

-91.19%

Operating income growth (Q)

-18.36%

Operating income growth 3Y

-66.86%

Operating income growth 5Y

-40.83%

Revenue growth

-1.26%

Revenue growth (Q)

-1.42%

Revenue growth (QoQ)

-0.99%

Revenue growth 10Y

-19.25%

Revenue growth 3Y

-50.66%

Revenue growth 5Y

-18.84%

Metric

Value

Capital expenditures

AED -188.7M

Depreciation and amortization

AED -297.4M

EBIT

AED 53.5M

EBITDA

AED -244.7M

EPS

AED -1.05

Financing cash flow

AED -497.1M

Free cash flow

AED 618.9M

Gross profit

AED 1.3B

Income taxes

AED -414,544

Investing cash flow

AED -2.8B

Net borrowing

AED -30.6M

Net cash flow

AED -2.5B

Net income

AED -2.7B

Operating income

AED 53.5M

Revenue

AED 1.8B

Metric

Value

Altman Z-Score

0.78

Book value per share

AED 1.60

Debt / EBITDA

21.41

Debt / equity

0.79

Debt / FCF

5.33

Goodwill

AED 46.8M

Interest coverage

0.3

Long-term assets

AED 8.1B

Long-term liabilities

AED 3.8B

Net cash (debt)

AED -2.8B

Net cash / market cap

-61.1%

Net debt / equity

0.67

Net debt / FCF

4.49

Piotroski F-Score

Property, plant and equipment

AED 2.4B

Shareholders' equity

AED 4.2B

Tangible book value

AED 4B

Tangible book value per share

AED 1.58

Total assets

AED 9.8B

Total cash

AED 514.4M

Total debt

AED 3.3B

Total liabilities

AED 5.7B

Metric

Value

Asset turnover

0.06

Current assets

AED 1.7B

Current liabilities

AED 1.8B

Current ratio

0.93

Inventory turnover

71.12

Net working capital

AED -583.3M

Quick ratio

0.38

Working capital

AED -133.3M

Working capital turnover

3.83

Metric

Value

Buyback yield / dilution

-3.88%

Dividend growth

-80.19%

Dividend growth (10Y)

-17.62%

Dividend growth (3Y)

-53.68%

Dividend growth (5Y)

-25.22%

Dividend growth years

Dividend payment date

2026-06-09

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

AED 0.02

Dividend yield

1.43%

Ex-dividend date

2026-06-03

Last dividend

AED 0.02

Shareholder yield

-2.49%

Metric

Value

10Y price change

-57.49%

10Y return CAGR

-4.35%

10Y total return

-35.91%

150-day SMA

AED 1.62

1D price change

-2.63%

1M price change

-13.73%

1M total return

-13.73%

1W price change

-7.5%

1W total return

-7.5%

1Y price change

-13.28%

1Y return CAGR

-11.98%

1Y total return

-11.97%

20-day SMA

AED 1.84

200-day SMA

AED 1.66

3M price change

4.06%

3M total return

4.06%

3Y price change

-87.19%

3Y return CAGR

-44.08%

3Y total return

-82.52%

50-day SMA

AED 1.72

50-day SMA vs 200-day SMA

50over200

52-week high

AED 2.07

52-week high date

2026-09-10

52-week low

AED 1.40

52-week low date

2026-05-21

5Y price change

-82.63%

5Y return CAGR

-24.78%

5Y total return

-75.92%

6M price change

6.73%

6M total return

8.34%

All-time high

AED 14.50

All-time high date

2024-04-15

All-time low

AED 1.40

All-time low date

2026-03-30

Average true range (ATR)

AED 0.06

Average volume

11.1K

Change from 52-week high

-19.57%

Change from 52-week low

18.93%

Change from all-time high

-88.52%

Change from all-time low

18.93%

Change from open

Day's gap

-2.63%

Dollar volume

AED 1,041

High price

AED 1.67

Low price

AED 1.67

Monthly RSI

34.41

Open price

AED 1.67

Previous close

AED 1.71

Price vs 150-day SMA

2.78%

Price vs 20-day SMA

-9.36%

Price vs 200-day SMA

0.3%

Price vs 50-day SMA

-2.97%

Relative volume

0.06

RSI

40.61

Sharpe ratio

0.02

Sortino ratio

0.15

Volume

625

Weekly RSI

47.12

YTD price change

4.06%

YTD total return

5.63%

Metric

Value

Float

1.5B

Shares change (QoQ)

-0.11%

Shares change (YoY)

3.88%

Shares held by institutions

5.68%

DFM/MKHZN (DFM/MKHZN)

Price

Financial snapshot

Fair-value bridge

Latest news · DFM/MKHZN

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All DFM/MKHZN indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on DFM/MKHZN

Frequently asked questions

DFM/MKHZN (DFM/MKHZN)

Price

Financial snapshot

Fair-value bridge

Latest news · DFM/MKHZN

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All DFM/MKHZN indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on DFM/MKHZN

Frequently asked questions