Dubai Taxi Company Transportation

BUY
AED 2.32
AED 3.00
29%
  • 5,800,000,000
  • 2,500,000,000
  • 2.13 L H 2.89
  • 4,414,855

Financial

FY2021A FY2022A FY2023A FY2024A FY2025E
PE (x) NA NA 16.80 17.85 14.87
PB (x) NA NA 18.85 14.13 11.21
Dividend Yield (%) 0.00 0.00 1.22 4.85 5.69

Recent Research

  • UAE Flag
    FIRST LOOK NOTES
    25 Feb 2026
    Dubai Taxi Company
    ACCUMULATE
    AED 2.68
    AED 3.00
    +11.94%

    UAE Equity Research - Dubai Taxi Company (DTC) 4Q25 - First Look Note

    Total fleet size increased from 9,418 in 2024 to 11,126 in 2025, while the number of trips grew 8.0% YOY to AED 53 Mn. E-hailing trips surged 24.0% YOY to 21 Mn in 2025, reflecting strong digital adoption and progress toward Dubai’s target of shifting 80% of taxi trips to e-hailing.
  • UAE Flag
    FIRST LOOK NOTES
    13 Nov 2025
    Dubai Taxi Company
    BUY
    AED 2.60
    AED 3.00
    +15.38%

    UAE Equity Research - Dubai Taxi Company (DTC) 3Q25 - First Look Note

    Total fleet size increased from 8,793 in 3Q24 to 10,500 in 3Q25, while the number of trips grew 6.5% YOY to AED 13.1 Mn. Expanded e-hailing network through partnership with Kabi, integrating 9,800 taxis of Kabi and DTC on the Bolt platform.
  • UAE Flag
    EARNINGS CALL INSIGHT
    12 Nov 2025
    Dubai Taxi Company
    BUY
    AED 2.62
    AED 3.00
    +14.50%

    UAE Equity Research - Dubai Taxi Co (DTC) 3Q25 - Earnings Call Insight

    DTC’s revenue grew 15.4% YOY to AED 585 Mn in 3Q25, owing to fleet expansion and a higher number of trips. Revenue on a like-for-like basis, excluding Connectech rose 14.9% YOY in 3Q25. Total trips across the Taxi and Limousine Segments rose 6.5% YOY to 13.1 Mn in 3Q25, attributed to continued growth in Dubai tourism and sustained improvement in fleet productivity.
  • UAE Flag
    FIRST LOOK NOTES
    30 Jul 2025
    Dubai Taxi Company
    ACCUMULATE
    AED 2.70
    AED 3.00
    +11.11%

    UAE Equity Research- Dubai Taxi Company (DTC)- 2Q25 First Look Note

    Total fleet size increased from 8,247 in 2Q24 to 10,180 in 2Q25, while the number of trips grew 19% YOY to AED 13.6 Mn. Secured an exclusive five-year strategic partnership with Dubai Airports to serve the rising passenger traffic in the emirate.
  • UAE Flag
    EARNINGS CALL INSIGHT
    30 Jul 2025
    Dubai Taxi Company
    ACCUMULATE
    AED 2.68
    AED 3.00
    +11.94%

    UAE Equity Research- Dubai Taxi Company (DTC) 2Q25 - Earnings Call Insight

    DTC’s revenue grew 17.7% YOY to AED 625 Mn in 2Q25, owing to fleet expansion and higher number of trips. Like-for-like total revenue excluding Connectech rose 16.9% YOY in 2Q25. Total trips across the Taxi and Limousine segments rose 19% YOY to 13.6 Mn in 2Q25.
  • UAE Flag
    FIRST LOOK NOTES
    13 May 2025
    Dubai Taxi Company
    BUY
    AED 2.57
    AED 3.00
    +16.73%

    UAE Equity Research - Dubai Taxi Company (DTC) 1Q25 - First Look Note

    Total fleet size stood at 9,872 units, and the number of trips grew 8% YOY to AED 12.8 Mn in 1Q25. Revenue grew 5.4% YOY to AED 588 Mn while like-for-like total revenue excluding Connectech expanded 7.1% YOY in 1Q25. Gross profit declined 5.9% YOY to AED 143 Mn, and margin fell 290 YOY to 24.3% in 1Q25, attributed to lower margin in Limousine, Bus and Delivery Bike Segment, partially offset margin expansion in Taxi Segment.

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