OMANI QATARI TELECOMMUNICATIONS COMPANY SAOG

Financials Omani Qatari Telecommunications Company SAOG

Equities

ORDS

OM0000003968

Wireless Telecommunications Services

End-of-day quote Muscat Exchange Other stock markets 06:00:00 2023-12-06 pm EST			5-day change	1st Jan Change
0.328 ^OMR	+0.92%		-3.53%	-25.45%

Nov. 01	Transcript : Omani Qatari Telecommunications Company SAOG, Q3 2023 Earnings Call, Nov 01, 2023	CI
Oct. 24	Omani Qatari Telecommunications Company SAOG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period : December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	370	341	255	247	286	214	-	-
Enterprise Value (EV) ¹	370	341	255	247	286	214	214	214
P/E ratio	8,74x	10,1x	11,9x	19,0x	15,2x	13,1x	13,1x	13,1x
Yield	7,92%	7,63%	6,38%	4,74%	4,55%	7,62%	7,62%	7,62%
Capitalization / Revenue	1,30x	1,19x	0,96x	1,01x	1,11x	0,81x	0,78x	0,77x
EV / Revenue	1,30x	1,19x	0,96x	1,01x	1,11x	0,81x	0,78x	0,77x
EV / EBITDA	2,39x	2,17x	2,43x	2,63x	2,13x	2,21x	2,24x	2,19x
EV / FCF	6,85x	7,76x	9,99x	6,39x	8,61x	9,70x	7,91x	6,10x
FCF Yield	14,6%	12,9%	10,0%	15,6%	11,6%	10,3%	12,6%	16,4%
Price to Book	1,44x	1,30x	0,99x	0,97x	1,10x	0,81x	0,80x	0,79x
Nbr of stocks (in thousands)	650 944	650 944	650 944	650 944	650 944	650 944	-	-
Reference price ²	0,57	0,52	0,39	0,38	0,44	0,33	0,33	0,33
Announcement Date	1/15/19	1/16/20	2/12/21	2/16/22	1/15/23	-	-	-

¹OMR in Million²OMR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	284	286	265	246	258	262	272	278
EBITDA ¹	155	157	105	94,2	135	96,5	95,5	97,5
EBIT ¹	51,1	43,9	29,6	20,2	25,3	23,3	21,7	23,3
Operating Margin	18,0%	15,4%	11,2%	8,23%	9,81%	8,91%	7,97%	8,38%
Earnings before Tax (EBT) ¹	49,8	40,7	25,5	15,2	22,8	19,5	21,0	22,0
Net income ¹	41,9	34,1	21,5	12,7	17,3	16,5	17,5	18,5
Net margin	14,8%	11,9%	8,11%	5,18%	6,70%	6,30%	6,43%	6,65%
EPS ²	0,07	0,05	0,03	0,02	0,03	0,03	0,03	0,03
Free Cash Flow ¹	54,0	43,9	25,6	38,7	33,3	22,0	27,0	35,0
FCF margin	19,0%	15,4%	9,64%	15,8%	12,9%	8,40%	9,93%	12,6%
FCF Conversion (EBITDA)	34,9%	27,9%	24,4%	41,1%	24,7%	22,8%	28,3%	35,9%
FCF Conversion (Net income)	129%	129%	119%	305%	192%	133%	154%	189%
Dividend per Share ²	0,05	0,04	0,03	0,02	0,02	0,03	0,03	0,03
Announcement Date	1/15/19	1/16/20	2/12/21	2/16/22	1/15/23	-	-	-

¹OMR in Million²OMR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December	2019 S1	2020 S1	2021 Q2	2022 Q1	2022 Q2	2022 Q3	2023 Q2	2023 Q3
Net sales ¹	139	133	62,1	64,7	64,4	68,0	64,0	63,2
EBITDA	-	-	32,1	25,7	34,7	35,1	23,1	-
EBIT	-	-	5,98	7,54	6,92	7,33	5,61	-
Operating Margin	-	-	9,63%	11,6%	10,7%	10,8%	8,76%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income	17,9	10,1	3,40	-	-	-	-	-
Net margin	12,9%	7,58%	5,48%	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	7/15/19	7/15/20	7/14/21	4/28/22	7/26/22	10/25/22	7/25/23	-

¹OMR in Million

Estimates

Balance Sheet Analysis

Fiscal Period : December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	54,0	43,9	25,6	38,7	33,3	22,0	27,0	35,0
ROE (net income / shareholders' equity)	16,9%	13,1%	8,28%	4,97%	7,42%	5,57%	5,70%	6,23%
Shareholders' equity ¹	248	260	260	256	233	296	307	297
ROA (Net income/ Total Assets)	10,4%	7,98%	4,68%	2,71%	4,23%	3,10%	3,47%	3,60%
Assets ¹	405	427	459	469	409	532	505	514
Book Value Per Share ²	0,40	0,40	0,40	0,39	0,40	0,41	0,41	0,42
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	46,0	55,1	60,5	55,6	61,8	62,0	61,0	59,0
Capex / Sales	16,2%	19,3%	22,8%	22,7%	23,9%	23,7%	22,4%	21,2%
Announcement Date	1/15/19	1/16/20	2/12/21	2/16/22	1/15/23	-	-	-

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

Ratings for Omani Qatari Telecommunications Company SAOG

Trading Rating :

Investor Rating :

ESG Refinitiv :

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.328OMR

Average target price

0.4133OMR

Spread / Average Target

+26.02%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Wireless Telecom

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Wireless Telecom