Dubai Electricity and Water Authority (PJSC) (DEWA.AE) stock analysis

In our weekly check, Dubai Electricity and Water Authority (PJSC) is graded A (A to F). Of 25 checks on debt, profit, cash flow and trend: 22 pass, warnings: 3, red flags: 0.

About Dubai Electricity and Water Authority (PJSC)

Dubai Electricity and Water Authority (PJSC) is an Utilities company (Diversified Utilities), listed on DFM as DEWA.AE.

What our checks show for DEWA.AE

Warning signs

• Analysts expect only about 4.1% a year of growth in revenue.
• Analysts expect the net margin to shrink by 0.7 points from today's 26.5%.
• Return on capital (ROCE) is only 5.9%.

Strengths

• The gross margin is 38.9% and has risen by 4.2 points: pricing power is holding.
• Operating cash flow is 2.25x net profit: the profit arrives as real cash.
• The company keeps 26.5% of its revenue as net profit.
• Free cash flow is 29.4% of revenue: cash for dividends, buybacks or growth.
• A large company: market value $36.49 billion.
• Its deepest fall from a peak in the available history was 24%.

Next earnings report: 2026-11-06

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Questions

What grade does Dubai Electricity and Water Authority (PJSC) (DEWA.AE) have?

In our weekly check, Dubai Electricity and Water Authority (PJSC) is graded A (A to F). Of 25 checks on debt, profit, cash flow and trend: 22 pass, warnings: 3, red flags: 0. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of DEWA.AE stock?

This week's biggest flags for Dubai Electricity and Water Authority (PJSC): Weak revenue forecast, Margins expected to shrink, Low return on capital. In total 3 of 25 checks show a warning or a red flag.

What does Dubai Electricity and Water Authority (PJSC) do?

Dubai Electricity and Water Authority (PJSC) is an Utilities company (Diversified Utilities), listed on DFM as DEWA.AE.

When does Dubai Electricity and Water Authority (PJSC) report earnings next?

The next earnings report is expected on 2026-11-06. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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