Financials Saudi Telecom Company

Equities

7010

SA0007879543

Integrated Telecommunications Services

End-of-day quote Saudi Arabian S.E. 06:00:00 2024-04-17 pm EDT 5-day change 1st Jan Change
39.25 SAR +2.61% Intraday chart for Saudi Telecom Company +0.77% -2.85%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 203,600 211,811 224,480 182,648 201,374 195,642 - -
Enterprise Value (EV) 1 202,700 204,343 220,780 170,650 199,349 192,999 187,330 183,995
P/E ratio 18.9 x 19.1 x 19.9 x 15 x 15.2 x 14.8 x 13.9 x 13.2 x
Yield 3.93% 3.77% 3.56% 4.37% 3.96% 4.08% 4.78% 4.97%
Capitalization / Revenue 3.74 x 3.59 x 3.54 x 2.71 x 2.78 x 2.56 x 2.44 x 2.32 x
EV / Revenue 3.73 x 3.47 x 3.48 x 2.53 x 2.76 x 2.52 x 2.33 x 2.18 x
EV / EBITDA 9.52 x 9.22 x 9.67 x 6.8 x 8.08 x 7.45 x 6.88 x 6.46 x
EV / FCF -140 x 11.7 x 73.3 x 9.15 x 15.5 x 15.3 x 14.5 x 13.3 x
FCF Yield -0.71% 8.56% 1.36% 10.9% 6.45% 6.55% 6.91% 7.53%
Price to Book 3.29 x 3.31 x 3.24 x 2.48 x 2.55 x 2.39 x 2.25 x 2.14 x
Nbr of stocks (in thousands) 5,000,000 4,995,538 4,992,873 4,990,371 4,984,506 4,984,506 - -
Reference price 2 40.72 42.40 44.96 36.60 40.40 39.25 39.25 39.25
Announcement Date 1/22/20 1/21/21 2/21/22 2/20/23 2/19/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 54,376 58,949 63,417 67,432 72,337 76,472 80,340 84,343
EBITDA 1 21,281 22,175 22,841 25,079 24,683 25,913 27,243 28,461
EBIT 1 12,484 12,816 13,128 15,088 14,200 15,022 16,011 16,945
Operating Margin 22.96% 21.74% 20.7% 22.38% 19.63% 19.64% 19.93% 20.09%
Earnings before Tax (EBT) 1 11,660 12,447 12,635 13,470 14,795 14,341 15,764 17,688
Net income 1 10,755 11,085 11,311 12,171 13,295 13,343 14,167 15,119
Net margin 19.78% 18.8% 17.84% 18.05% 18.38% 17.45% 17.63% 17.93%
EPS 2 2.152 2.216 2.264 2.440 2.660 2.652 2.828 2.975
Free Cash Flow 1 -1,448 17,496 3,010 18,653 12,848 12,634 12,947 13,864
FCF margin -2.66% 29.68% 4.75% 27.66% 17.76% 16.52% 16.11% 16.44%
FCF Conversion (EBITDA) - 78.9% 13.18% 74.38% 52.05% 48.75% 47.52% 48.71%
FCF Conversion (Net income) - 157.83% 26.61% 153.25% 96.64% 94.68% 91.38% 91.7%
Dividend per Share 2 1.600 1.600 1.600 1.600 1.600 1.600 1.877 1.951
Announcement Date 1/22/20 1/21/21 2/21/22 2/20/23 2/19/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 15,735 16,087 - 16,991 16,939 16,468 17,034 - 18,179 18,327 18,106 17,725 - 18,859 19,193 18,953 18,492 -
EBITDA 1 5,606 5,767 11,373 6,300 6,204 7,073 5,502 12,575 6,343 5,821 6,952 5,567 12,519 6,591 6,112 7,407 5,675 -
EBIT 1 3,192 3,204 - 3,824 3,720 4,576 2,968 - 3,731 3,281 4,338 2,851 - 3,716 3,386 4,681 2,949 -
Operating Margin 20.29% 19.92% - 22.51% 21.96% 27.79% 17.42% - 20.52% 17.9% 23.96% 16.09% - 19.71% 17.64% 24.7% 15.95% -
Earnings before Tax (EBT) 3,164 3,024 - 3,419 3,196 3,896 2,960 - 3,512 3,378 5,330 2,575 - - - - - -
Net income 1 2,924 2,613 - 3,035 2,837 3,541 2,758 - 3,109 3,008 4,904 2,274 - 3,162 2,890 4,185 2,454 -
Net margin 18.58% 16.24% - 17.86% 16.75% 21.5% 16.19% - 17.1% 16.41% 27.08% 12.83% - 16.77% 15.06% 22.08% 13.27% -
EPS 2 0.5840 0.5240 - 0.6080 0.5680 0.7000 0.5600 - - 0.6100 0.9800 0.4600 - 0.6452 0.5781 0.8371 0.4908 -
Dividend per Share 2 0.4000 0.4000 - 0.4000 0.4000 0.4000 0.4000 - 0.4000 0.4000 0.4000 0.4000 - 0.4000 0.4000 0.4000 0.5500 0.4500
Announcement Date 10/21/21 2/21/22 2/21/22 4/28/22 8/4/22 10/30/22 2/20/23 2/20/23 5/10/23 7/30/23 10/30/23 2/19/24 2/19/24 - - - - -
1SAR in Million2SAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 900 7,468 3,699 11,997 2,025 2,642 8,312 11,647
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -1,448 17,496 3,010 18,653 12,848 12,634 12,947 13,864
ROE (net income / shareholders' equity) 16.9% 17.6% 17.4% 17% 17.4% 16.3% 16.7% 16.9%
ROA (Net income/ Total Assets) 9.42% 9.2% 9.29% 9.19% 8.96% 8.11% 8.77% 8.94%
Assets 1 114,212 120,447 121,820 132,505 148,451 164,507 161,594 169,182
Book Value Per Share 2 12.40 12.80 13.90 14.80 15.80 16.40 17.50 18.30
Cash Flow per Share 2 1.980 5.670 2.190 5.270 4.480 4.360 4.580 5.360
Capex 1 11,349 10,841 8,210 7,702 9,569 11,171 11,470 12,402
Capex / Sales 20.87% 18.39% 12.95% 11.42% 13.23% 14.61% 14.28% 14.7%
Announcement Date 1/22/20 1/21/21 2/21/22 2/20/23 2/19/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
39.25 SAR
Average target price
44.53 SAR
Spread / Average Target
+13.45%
Consensus
  1. Stock Market
  2. Equities
  3. 7010 Stock
  4. Financials Saudi Telecom Company