Financials Oman Telecommunications Company SAOG

Equities

OTEL

OM0000003026

Integrated Telecommunications Services

End-of-day quote Muscat Exchange 06:00:00 2024-05-27 pm EDT 5-day change 1st Jan Change
1.056 OMR 0.00% Intraday chart for Oman Telecommunications Company SAOG +0.96% -0.38%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 450 537 564 690 795 792 - -
Enterprise Value (EV) 1 450 2,507 564 690 795 3,034 2,829 2,702
P/E ratio 5.77 x 8.04 x 8.45 x 7.6 x 10.6 x 14.3 x 10.6 x 9.56 x
Yield 9.17% 7.68% 7.31% 5.98% - 5.21% 5.92% 6.39%
Capitalization / Revenue 0.17 x 0.21 x 0.23 x 0.26 x 0.27 x 0.27 x 0.25 x 0.24 x
EV / Revenue 0.17 x 1 x 0.23 x 0.26 x 0.27 x 1.02 x 0.9 x 0.83 x
EV / EBITDA 0.41 x 2.44 x 0.58 x 0.69 x 0.76 x 2.96 x 2.68 x 2.48 x
EV / FCF 0.84 x 6.31 x 2.88 x 1.83 x - 13.4 x 11.7 x 9.72 x
FCF Yield 120% 15.9% 34.8% 54.6% - 7.48% 8.55% 10.3%
Price to Book 0.8 x 0.93 x 0.97 x 1.09 x - 1.21 x 1.13 x 1.08 x
Nbr of stocks (in thousands) 750,000 750,000 750,000 750,000 750,000 750,000 - -
Reference price 2 0.6000 0.7160 0.7520 0.9200 1.060 1.056 1.056 1.056
Announcement Date 2/13/20 2/25/21 2/13/22 3/15/23 3/13/24 - - -
1OMR in Million2OMR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,592 2,513 2,408 2,683 2,943 2,981 3,130 3,239
EBITDA 1 1,098 1,029 970.3 998.9 1,040 1,026 1,057 1,091
EBIT 1 480.7 476.8 383.6 447.4 473.9 466 493.5 519.5
Operating Margin 18.54% 18.97% 15.93% 16.68% 16.1% 15.63% 15.77% 16.04%
Earnings before Tax (EBT) 1 336.8 267.2 250.9 271.6 350.2 264 332 363
Net income 1 77.7 66.9 67.1 91.3 74.79 56 75.5 84
Net margin 3% 2.66% 2.79% 3.4% 2.54% 1.88% 2.41% 2.59%
EPS 2 0.1040 0.0890 0.0890 0.1210 0.1000 0.0740 0.1000 0.1105
Free Cash Flow 1 537.9 397.5 196.1 376.5 - 227 242 278
FCF margin 20.75% 15.82% 8.14% 14.03% - 7.61% 7.73% 8.58%
FCF Conversion (EBITDA) 49.01% 38.65% 20.21% 37.69% - 22.12% 22.89% 25.48%
FCF Conversion (Net income) 692.33% 594.19% 292.3% 412.35% - 405.36% 320.53% 330.95%
Dividend per Share 2 0.0550 0.0550 0.0550 0.0550 - 0.0550 0.0625 0.0675
Announcement Date 2/13/20 2/25/21 2/13/22 3/15/23 3/13/24 - - -
1OMR in Million2OMR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1
Net sales 1 1,242 606.1 634.8 659.8 686.9 733.9 705.3 - 753.3 750.2 728.1
EBITDA 1 - 232.2 235.9 251.1 251.3 261.4 262.1 - 256.8 259.5 226.8
EBIT - - 99.18 112.2 114.4 117.2 123.9 - - 101.3 -
Operating Margin - - 15.62% 17% 16.66% 15.96% 17.56% - - 13.51% -
Earnings before Tax (EBT) - - - - - - - - - - -
Net income 1 - 18.2 18.5 16.11 - 21.23 17.26 38.49 17.61 18.69 12.9
Net margin - 3% 2.91% 2.44% - 2.89% 2.45% - 2.34% 2.49% 1.77%
EPS - - - - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 7/19/20 2/13/22 4/24/22 8/6/22 11/13/22 5/16/23 8/14/23 8/14/23 11/14/23 3/13/24 5/15/24
1OMR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 1,970 - - - 2,242 2,037 1,910
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 1.915 x - - - 2.185 x 1.927 x 1.751 x
Free Cash Flow 1 538 398 196 376 - 227 242 278
ROE (net income / shareholders' equity) 14% 11.7% 2.98% 15% - 8% 5.4% 5.8%
ROA (Net income/ Total Assets) 1.04% 0.87% 0.88% 1.19% - 3.1% 2.2% 2.45%
Assets 1 7,471 7,683 7,657 7,700 - 1,806 3,432 3,429
Book Value Per Share 2 0.7500 0.7700 0.7700 0.8500 - 0.8800 0.9400 0.9700
Cash Flow per Share - - - - - - - -
Capex 1 449 491 516 385 - 495 492 489
Capex / Sales 17.3% 19.53% 21.41% 14.35% - 16.61% 15.72% 15.1%
Announcement Date 2/13/20 2/25/21 2/13/22 3/15/23 3/13/24 - - -
1OMR in Million2OMR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
1.056 OMR
Average target price
1.094 OMR
Spread / Average Target
+3.60%
Consensus

Quarterly revenue - Rate of surprise

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