Financials Mobile Telecommunications Company Saudi Arabia

Equities

7030

SA121053DR18

Wireless Telecommunications Services

End-of-day quote Saudi Arabian S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
12.12 SAR +0.50% Intraday chart for Mobile Telecommunications Company Saudi Arabia -1.94% -13.92%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,853 12,223 10,821 9,041 12,654 10,893 - -
Enterprise Value (EV) 1 16,069 16,340 19,163 9,041 20,661 20,522 19,004 19,025
P/E ratio 14.1 x 35.9 x 50.6 x 16.5 x 9.99 x 20.6 x 16.5 x 12 x
Yield - - - - 3.55% 4.21% 3.85% 4.64%
Capitalization / Revenue 0.82 x 1.54 x 1.37 x 1 x 1.28 x 1.04 x 1.01 x 0.96 x
EV / Revenue 1.92 x 2.06 x 2.43 x 1 x 2.09 x 1.95 x 1.75 x 1.68 x
EV / EBITDA 4.2 x 4.44 x 6.13 x 2.87 x 6.94 x 6.4 x 5.74 x 5.35 x
EV / FCF 10.4 x 7.42 x 39.5 x - 7.89 x 15.9 x 15.7 x 14.7 x
FCF Yield 9.63% 13.5% 2.53% - 12.7% 6.3% 6.38% 6.82%
Price to Book 1.67 x 1.4 x 1.2 x - 1.19 x 1.02 x 1 x 0.94 x
Nbr of stocks (in thousands) 448,732 898,729 898,729 898,729 898,729 898,729 - -
Reference price 2 15.27 13.60 12.04 10.06 14.08 12.12 12.12 12.12
Announcement Date 2/5/20 2/28/21 1/30/22 4/3/23 3/3/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,386 7,917 7,901 9,075 9,883 10,500 10,834 11,341
EBITDA 1 3,822 3,682 3,128 3,155 2,978 3,207 3,313 3,556
EBIT 1 1,511 1,243 698.7 1,089 871 1,095 1,197 1,469
Operating Margin 18.02% 15.7% 8.84% 12% 8.81% 10.42% 11.05% 12.95%
Earnings before Tax (EBT) 1 503.8 279.5 231.3 574 1,356 523.1 666.7 949.8
Net income 1 485 259.9 214 549.7 1,267 507 639.3 891.1
Net margin 5.78% 3.28% 2.71% 6.06% 12.82% 4.83% 5.9% 7.86%
EPS 2 1.081 0.3786 0.2380 0.6100 1.410 0.5891 0.7353 1.007
Free Cash Flow 1 1,547 2,203 485.7 - 2,620 1,292 1,213 1,298
FCF margin 18.45% 27.83% 6.15% - 26.51% 12.31% 11.2% 11.45%
FCF Conversion (EBITDA) 40.47% 59.84% 15.52% - 87.97% 40.3% 36.62% 36.5%
FCF Conversion (Net income) 318.95% 847.48% 226.94% - 206.76% 254.95% 189.73% 145.67%
Dividend per Share 2 - - - - 0.5000 0.5100 0.4667 0.5625
Announcement Date 2/5/20 2/28/21 1/30/22 4/3/23 3/3/24 - - -
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 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1,984 2,083 2,179 2,206 2,287 2,404 2,422 2,392 2,525 2,543 2,568 2,536 2,753 2,704
EBITDA 1 - 821.8 722.9 766.9 749.5 915.6 706.6 799.1 846.6 625.5 777 - - -
EBIT 1 - 193 201 262.1 246 379.4 201.2 260.3 331.5 78.11 228 - - -
Operating Margin - 9.26% 9.22% 11.88% 10.76% 15.78% 8.31% 10.88% 13.13% 3.07% 8.88% - - -
Earnings before Tax (EBT) - - - - - - - 142.4 - - - - - -
Net income 1 60.39 71.1 81 133.8 85 250.2 562.7 124.2 284.6 295.6 68 - - -
Net margin 3.04% 3.41% 3.72% 6.07% 3.72% 10.41% 23.23% 5.19% 11.27% 11.62% 2.65% - - -
EPS 2 0.0670 0.0790 0.0900 0.1490 0.0950 0.2770 - 0.1400 0.3170 0.3290 0.0850 0.1000 0.2000 0.1200
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/27/21 1/30/22 4/18/22 7/24/22 11/2/22 4/3/23 5/17/23 8/15/23 11/16/23 3/3/24 - - - -
1SAR in Million2SAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,216 4,117 8,342 - 8,007 9,630 8,111 8,132
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.411 x 1.118 x 2.667 x - 2.689 x 3.003 x 2.448 x 2.287 x
Free Cash Flow 1 1,547 2,203 486 - 2,620 1,293 1,213 1,298
ROE (net income / shareholders' equity) 12% 4.05% 2.41% - 12.4% 5.04% 5.44% 7.68%
ROA (Net income/ Total Assets) 1.79% 0.93% 0.76% - 4.54% 2.17% 2.27% 3.1%
Assets 1 27,021 27,951 27,978 - 27,919 23,398 28,205 28,744
Book Value Per Share 2 9.140 9.710 10.10 - 11.80 11.90 12.10 12.80
Cash Flow per Share 2 7.410 5.870 1.750 - 1.910 4.960 4.450 4.330
Capex 1 1,780 1,571 1,089 - 1,517 1,498 1,587 1,636
Capex / Sales 21.22% 19.85% 13.78% - 15.35% 14.27% 14.65% 14.42%
Announcement Date 2/5/20 2/28/21 1/30/22 4/3/23 3/3/24 - - -
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

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
9
Last Close Price
12.12 SAR
Average target price
12.42 SAR
Spread / Average Target
+2.49%
Consensus
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