1. Qatar Stocks

  2. •

    Finance

  3. •

    Real estate development
United Development Co.

United Development Co.

QQSE:UDCD
0.69
QAR
+0.00
(-0.15%)
0.10EPS
8.05P/E
3.07BMarket Cap
United Development Co.
QSE:UDCD
(Qatar Stock Exchange)

Recent

price

0.69

P/E

ratio

8.05

div

yld

8.06%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
QAR
0.51
0.81
0.77
0.59
0.54
0.41
0.68
0.57
0.46
0.5
0.33
0.58
0.51
0.44
0.29
0.55
0.53
Revenue per Share
0.27
1.55
0.21
0.09
0.18
0.19
0.18
0.15
0.14
0.12
0.06
0.09
0.11
0.11
0.12
0.12
0.11
Basic EPS, GAAP
-0.37
-0.36
0.14
0.18
0.36
0.03
-0.04
0.25
0.1
0.18
0.11
- -
-0.1
- -
-0.14
-0.02
-0.11
Free Cash Flow per Basic Share
- -
- -
- -
0.1
0.1
0.13
0.15
0.13
0.13
0.1
0.05
0.05
0.06
0.06
0.06
0.06
0.06
Dividend per Share
1.19
2.3
2.94
2.95
3.04
3.08
3.08
3.13
3.07
3.08
3.09
3.08
3.14
3.19
3.25
3.27
3.25
Book Value per Share
1.19
2.3
2.94
2.94
3.04
3.08
3.08
3.13
3.07
3.08
3.09
3.08
3.14
3.19
3.25
3.27
3.25
Tangible Book Value per Share
2,365
2,365
3,541
3,541
3,541
3,541
3,541
3,541
3,541
3,541
3,541
3,541
3,541
3,541
3,541
3,541
3,541
Basic Weighted Avg Shares
1,195
1,907
2,731
2,081
1,906
1,441
2,391
2,032
1,627
1,760
1,176
2,038
1,811
1,572
1,032
1,931
1,865
Sales/Revenue/Turnover
42.07
29.59
33
31.7
41.63
41.88
28.52
33.02
32.53
27.7
22.37
16.4
19.9
12.91
-6.5
10.98
4.84
Operating Margin (%)
51
56
79
99
86
77
104
94
108
112
109
106
113
133
175
81
94
Depreciation Expense
637
3,677
730
323
626
690
623
538
501
423
226
326
388
402
426
431
381
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3.34
1.58
1.01
2.84
1.01
0.13
0.12
Effective Tax Rate (%)
53.27
192.87
26.74
15.51
32.82
47.87
26.07
26.5
30.77
24.05
19.23
15.98
21.43
25.58
41.27
22.33
20.41
Profit Margin (%)
2,226
2,363
3,326
3,073
2,497
740
1,849
2,338
1,456
310
1,783
1,046
549
1,432
2,859
808
635
Working Capital
3,498
4,542
3,222
4,048
4,420
3,430
3,273
3,616
2,535
1,513
3,244
3,021
3,553
3,850
4,518
3,959
4,089
LT Debt
3,962
8,852
11,250
10,747
11,119
11,287
11,310
11,536
11,146
11,240
11,322
10,998
11,177
11,366
11,489
11,527
11,448
Total Equity
7.19
31.6
5.71
4.33
4.82
4.23
4.65
4.6
3.46
3.67
1.96
2.51
3.47
4.14
2.87
-0.5
0.55
Return on Invested Capital (%)
9.24
31.46
4.39
1.97
4.49
4.82
4.31
4.13
4.14
3.68
2.01
2.69
3.42
3.88
4.07
4.3
3.78
Return on Capital (%)
21.04
63.77
7.87
3.1
5.9
6.36
5.71
4.9
4.57
3.89
2.07
2.98
3.52
3.59
3.73
3.73
3.32
Return on Common Equity (%)

Capital Structure

QAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
827
709
859
LT Borrowings
3,958
4,209
4,087
LT Finance Leases
1
1
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,541
3,541
3,541
Market Capitalization
3,233
3,102
3,066

Working Capital

QAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,683
3,972
3,779
Cash, Cash Equivalents & STI
1,110
903
831
Accounts Receivable, Net
663
569
557
Inventories
1,650
2,134
2,085
Total Current Liabilities
2,875
3,285
3,144
Payables & Accruals
- -
- -
- -
ST Debt
827
709
859
Deferred Revenue
- -
- -
- -

Growth Rates

QAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.23%
0.38%
0.33%
Free Cash Flow
-169.42%
-156.05%
-87.97%
Net Income, GAAP
-1.83%
14.81%
1.26%
Sales/Revenue/Turnover
10.78%
20.36%
87.13%
Total Cash Common Dividend
-5.97%
2.13%
-1.2%

Quarterly Revenue

QAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
471
358
360
-157
1,032
2025
679
428
- -
552
1,931
2026
459
426
- -
- -
- -

Quarterly Earnings Per Share

QAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
0.03
0.05
0.12
2025
0.02
0.02
- -
0.05
0.12
2026
0.02
0.01
- -
- -
- -

Quarterly Dividends Per Share

QAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
- -
- -
- -
0.06
2025
0.05
- -
- -
- -
0.06
2026
0.06
- -
- -
- -
- -
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Business
United Development Company Q.P.S.C. (UDCD.QA) operates as a leading Qatari public shareholding company focused on real estate development, property management, infrastructure and utilities, maritime services, and hospitality; its core offerings encompass luxury residential properties including beachfront villas, townhomes, penthouses, and apartments on flagship projects such as The Pearl-Qatar—a 985-acre manmade island featuring retail centers, five-star hotels, marinas, schools, hospitals, and community infrastructure—and Gewan Island, alongside district cooling systems, hydrocarbon and energy investments, leisure facilities, and environmental monitoring initiatives. Established in 1999 and listed on the Qatar Exchange in June 2003 with headquarters in Doha, Qatar, the company manages total assets of QR 19.6 billion as of December 31, 2023, and maintains operations primarily within Qatar targeting high-end residential, commercial, and institutional customers. Recent developments include the Extraordinary General Assembly's approval to purchase the Perlita Villas project and amend its articles of association, alongside hosting events for the FIFA Arab Cup 2025 at The Pearl and Gewan Islands, the inauguration of The Pearl International Hospital, and announcements of Q3 2024 and full-year 2024 financial results reflecting net profits and revenue growth.