Financials Mobile Telecommunications Company Saudi Arabia

Equities

7030

SA121053DR18

Wireless Telecommunications Services

Market Closed - Saudi Arabian S.E. 07:51:05 2024-06-11 am EDT 5-day change 1st Jan Change
11.78 SAR -0.17% Intraday chart for Mobile Telecommunications Company Saudi Arabia +3.70% -16.48%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,853 12,223 10,821 9,041 12,654 10,605 - -
Enterprise Value (EV) 1 16,069 16,340 19,163 9,041 20,661 19,960 19,537 18,780
P/E ratio 14.1 x 35.9 x 50.6 x 16.5 x 9.99 x 18 x 14.8 x 11.9 x
Yield - - - - 3.55% 3.81% 4.17% 4.45%
Capitalization / Revenue 0.82 x 1.54 x 1.37 x 1 x 1.28 x 1.02 x 0.97 x 0.94 x
EV / Revenue 1.92 x 2.06 x 2.43 x 1 x 2.09 x 1.91 x 1.79 x 1.66 x
EV / EBITDA 4.2 x 4.44 x 6.13 x 2.87 x 6.94 x 6.15 x 5.74 x 5.29 x
EV / FCF 10.4 x 7.42 x 39.5 x - 7.89 x 18.1 x 16.1 x 14.5 x
FCF Yield 9.63% 13.5% 2.53% - 12.7% 5.53% 6.21% 6.91%
Price to Book 1.67 x 1.4 x 1.2 x - 1.19 x 0.98 x 0.95 x 0.92 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 11.80 11.80 11.80
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 10,447 10,937 11,329
EBITDA 1 3,822 3,682 3,128 3,155 2,978 3,244 3,406 3,553
EBIT 1 1,511 1,243 698.7 1,089 871 1,138 1,313 1,468
Operating Margin 18.02% 15.7% 8.84% 12% 8.81% 10.89% 12.01% 12.96%
Earnings before Tax (EBT) 1 503.8 279.5 231.3 574 1,356 633 750.7 932.8
Net income 1 485 259.9 214 549.7 1,267 509.2 698.1 874.8
Net margin 5.78% 3.28% 2.71% 6.06% 12.82% 4.87% 6.38% 7.72%
EPS 2 1.081 0.3786 0.2380 0.6100 1.410 0.6568 0.7988 0.9919
Free Cash Flow 1 1,547 2,203 485.7 - 2,620 1,103 1,213 1,298
FCF margin 18.45% 27.83% 6.15% - 26.51% 10.56% 11.09% 11.46%
FCF Conversion (EBITDA) 40.47% 59.84% 15.52% - 87.97% 34% 35.61% 36.53%
FCF Conversion (Net income) 318.95% 847.48% 226.94% - 206.76% 216.62% 173.75% 148.37%
Dividend per Share 2 - - - - 0.5000 0.4500 0.4917 0.5250
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 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 2,083 2,179 2,206 2,287 2,404 2,422 2,392 2,525 2,543 2,535 2,560 2,753 2,708
EBITDA 821.8 722.9 766.9 749.5 915.6 706.6 799.1 846.6 625.5 773.4 - - -
EBIT 193 201 262.1 246 379.4 201.2 260.3 331.5 78.11 250.7 - - -
Operating Margin 9.26% 9.22% 11.88% 10.76% 15.78% 8.31% 10.88% 13.13% 3.07% 9.89% - - -
Earnings before Tax (EBT) - - - - - - 142.4 - - - - - -
Net income 71.1 81 133.8 85 250.2 562.7 124.2 284.6 295.6 67 - - -
Net margin 3.41% 3.72% 6.07% 3.72% 10.41% 23.23% 5.19% 11.27% 11.62% 2.64% - - -
EPS 2 0.0790 0.0900 0.1490 0.0950 0.2770 - 0.1400 0.3170 0.3290 0.0700 0.1100 0.1800 0.1200
Dividend per Share - - - - - - - - - - - - -
Announcement Date 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 5/12/24 - - -
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 9,355 8,932 8,175
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.411 x 1.118 x 2.667 x - 2.689 x 2.884 x 2.622 x 2.301 x
Free Cash Flow 1 1,547 2,203 486 - 2,620 1,103 1,213 1,298
ROE (net income / shareholders' equity) 12% 4.05% 2.41% - 12.4% 5.18% 6.09% 7.68%
ROA (Net income/ Total Assets) 1.79% 0.93% 0.76% - 4.54% 2.15% 2.27% 3.1%
Assets 1 27,021 27,951 27,978 - 27,919 23,683 30,800 28,221
Book Value Per Share 2 9.140 9.710 10.10 - 11.80 12.10 12.40 12.80
Cash Flow per Share 2 7.410 5.870 1.750 - 1.910 4.800 2.920 4.310
Capex 1 1,780 1,571 1,089 - 1,517 1,490 1,584 1,633
Capex / Sales 21.22% 19.85% 13.78% - 15.35% 14.26% 14.49% 14.41%
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
11.8 SAR
Average target price
12.88 SAR
Spread / Average Target
+9.13%
Consensus
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