ARABIAN INTERNET AND COMMUNICATION SERVICES COMPANY Financials Arabian Internet and Communication Services Company
Equities
7202
SA15CIBJGH12
IT Services & Consulting
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 343.2 SAR | -1.10% |
|
-1.66% | -1.89% |
| Apr. 21 | Batic Investments Unit Secures 10-year Deal for Smart Public Parking in Saudi Arabia | MT |
| Apr. 16 | Arabian Internet and Communications Services to Renew VMware Licenses for Saudi Telecom | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 22,358 | 28,845 | 41,618 | 40,833 | - | - |
| Enterprise Value (EV) 1 | 20,782 | 28,301 | 38,890 | 37,403 | 36,353 | 35,173 |
| P/E ratio | 27.1 x | 27.7 x | 35.2 x | 28.2 x | 24.6 x | 21.5 x |
| Yield | 2.13% | 1.65% | 1.7% | 2.17% | 2.36% | 2.76% |
| Capitalization / Revenue | 2.86 x | 3.28 x | 3.77 x | 3.29 x | 2.95 x | 2.68 x |
| EV / Revenue | 2.66 x | 3.21 x | 3.52 x | 3.01 x | 2.63 x | 2.3 x |
| EV / EBITDA | 19.1 x | 20.3 x | 23.3 x | 19.5 x | 16.8 x | 14.4 x |
| EV / FCF | 17 x | 18 x | 33.8 x | 21.5 x | 18.8 x | 16.1 x |
| FCF Yield | 5.89% | 5.55% | 2.96% | 4.65% | 5.33% | 6.2% |
| Price to Book | 9.85 x | 10.3 x | 12.5 x | 10.1 x | 8.47 x | 7.21 x |
| Nbr of stocks (in thousands) | 118,800 | 118,800 | 118,977 | 118,977 | - | - |
| Reference price 2 | 188.2 | 242.8 | 349.8 | 343.2 | 343.2 | 343.2 |
| Announcement Date | 2/20/22 | 2/28/23 | 2/27/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 7,816 | 8,805 | 11,040 | 12,420 | 13,836 | 15,260 |
| EBITDA 1 | - | 1,090 | 1,392 | 1,669 | 1,920 | 2,168 | 2,441 |
| EBIT 1 | - | 899.1 | 1,160 | 1,387 | 1,639 | 1,879 | 2,144 |
| Operating Margin | - | 11.5% | 13.18% | 12.56% | 13.19% | 13.58% | 14.05% |
| Earnings before Tax (EBT) 1 | - | 904 | 1,171 | 1,405 | 1,567 | 1,923 | 2,188 |
| Net income 1 | 701.8 | 832.9 | 1,053 | 1,192 | 1,412 | 1,634 | 1,827 |
| Net margin | - | 10.66% | 11.96% | 10.8% | 11.37% | 11.81% | 11.97% |
| EPS 2 | 5.850 | 6.940 | 8.770 | 9.930 | 12.16 | 13.93 | 15.95 |
| Free Cash Flow 1 | - | 1,224 | 1,570 | 1,150 | 1,739 | 1,936 | 2,179 |
| FCF margin | - | 15.66% | 17.83% | 10.42% | 14% | 13.99% | 14.28% |
| FCF Conversion (EBITDA) | - | 112.26% | 112.78% | 68.9% | 90.56% | 89.3% | 89.28% |
| FCF Conversion (Net income) | - | 146.93% | 149.14% | 96.46% | 123.2% | 118.49% | 119.29% |
| Dividend per Share 2 | - | 4.000 | 4.000 | 5.950 | 7.436 | 8.115 | 9.459 |
| Announcement Date | 8/29/21 | 2/20/22 | 2/28/23 | 2/27/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,951 | 2,060 | 2,418 | 2,254 | 2,227 | 1,905 | 2,676 | 2,701 | - | 2,795 | 2,868 | 3,042 | 3,071 | 3,178 | 3,283 |
| EBITDA 1 | 375.5 | - | 366.3 | 349.5 | 363.7 | 306.3 | 418.8 | 447.1 | - | 530.5 | 277.9 | 450 | - | - | - |
| EBIT 1 | 303.5 | 66.27 | 315.3 | 305.2 | 313.4 | 240.4 | 357 | 387.3 | - | 438 | 204.2 | 396.5 | 442.1 | 519.6 | 263.5 |
| Operating Margin | 15.55% | 3.22% | 13.04% | 13.54% | 14.07% | 12.62% | 13.34% | 14.34% | - | 15.67% | 7.12% | 13.04% | 14.4% | 16.35% | 8.03% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | - | 282.9 | 273.1 | 299.9 | 197 | 303.8 | 339.7 | 643.5 | 387 | 162 | 342.9 | - | - | - |
| Net margin | - | - | 11.7% | 12.11% | 13.46% | 10.34% | 11.35% | 12.57% | - | 13.85% | 5.65% | 11.27% | - | - | - |
| EPS 2 | - | - | - | - | 2.500 | 1.570 | 2.530 | 2.830 | - | - | 1.350 | 2.950 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | 5.950 | - | - | - | - |
| Announcement Date | 10/26/21 | 2/20/22 | 4/25/22 | 8/3/22 | 10/30/22 | 2/28/23 | 5/14/23 | 8/3/23 | 8/3/23 | 10/29/23 | 2/27/24 | - | - | - | - |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 1,576 | 544 | 2,728 | 3,430 | 4,480 | 5,660 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 1,224 | 1,570 | 1,150 | 1,739 | 1,936 | 2,179 |
| ROE (net income / shareholders' equity) | - | 39.7% | 41.6% | 38.9% | 38.3% | 35.6% | 34.7% |
| ROA (Net income/ Total Assets) | - | 12.3% | 12.1% | 10.9% | 10.9% | 11.6% | 11.5% |
| Assets 1 | - | 6,754 | 8,727 | 10,921 | 12,951 | 14,146 | 15,875 |
| Book Value Per Share 2 | - | 19.10 | 23.50 | 27.90 | 34.10 | 40.50 | 47.60 |
| Cash Flow per Share 2 | - | 11.50 | 17.30 | 14.30 | 15.60 | 17.60 | 22.20 |
| Capex 1 | - | 155 | 506 | 112 | 155 | 178 | 185 |
| Capex / Sales | - | 1.98% | 5.74% | 1.01% | 1.25% | 1.29% | 1.22% |
| Announcement Date | 8/29/21 | 2/20/22 | 2/28/23 | 2/27/24 | - | - | - |
1SAR in Million2SAR
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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
13
Last Close Price
343.2
SAR
Average target price
354.3
SAR
Spread / Average Target
+3.23%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.89% | 10.89B | |
| -12.23% | 194B | |
| +0.74% | 166B | |
| +2.19% | 153B | |
| +4.34% | 99.85B | |
| +7.04% | 77.56B | |
| +19.09% | 73.55B | |
| -7.30% | 71B | |
| -20.54% | 52.81B | |
| +0.53% | 47.86B |
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- Financials Arabian Internet and Communication Services Company
