VODAFONE QATAR P.Q.S.C. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.74 QAR | -0.40% |
|
-0.57% | -8.76% |
| Apr. 24 | Transcript : Vodafone Qatar P.Q.S.C., Q1 2024 Earnings Call, Apr 24, 2024 | |
| Apr. 15 | Vodafone Qatar P.Q.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,903 | 5,660 | 7,046 | 6,700 | 8,061 | 7,355 | - | - |
| Enterprise Value (EV) 1 | 5,794 | 6,588 | 7,902 | 7,689 | 8,061 | 8,339 | 8,356 | 7,355 |
| P/E ratio | 34.1 x | 30.4 x | 21.6 x | 13.3 x | 14.9 x | 13.1 x | 11.9 x | 11.3 x |
| Yield | 4.31% | 3.73% | 3.6% | 6.31% | - | 6.51% | 7.09% | 7.47% |
| Capitalization / Revenue | 2.31 x | 2.57 x | 2.79 x | 2.19 x | 2.59 x | 2.32 x | 2.26 x | 2.21 x |
| EV / Revenue | 2.73 x | 2.99 x | 3.13 x | 2.51 x | 2.59 x | 2.63 x | 2.57 x | 2.21 x |
| EV / EBITDA | 8.17 x | 9.58 x | 7.98 x | 6.23 x | 6.27 x | 6.25 x | 6.09 x | 5.27 x |
| EV / FCF | 16.8 x | 30.6 x | 18.2 x | 20.9 x | - | 20.5 x | 15.5 x | 10.7 x |
| FCF Yield | 5.96% | 3.27% | 5.5% | 4.79% | - | 4.89% | 6.46% | 9.37% |
| Price to Book | 1.08 x | 1.26 x | 1.53 x | 1.39 x | - | 1.45 x | 1.4 x | 1.36 x |
| Nbr of stocks (in thousands) | 4,227,000 | 4,227,000 | 4,227,000 | 4,227,000 | 4,227,000 | 4,227,000 | - | - |
| Reference price 2 | 1.160 | 1.339 | 1.667 | 1.585 | 1.907 | 1.740 | 1.740 | 1.740 |
| Announcement Date | 2/3/20 | 2/2/21 | 2/3/22 | 1/26/23 | 1/25/24 | - | - | - |
1QAR in Million2QAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,125 | 2,200 | 2,526 | 3,066 | 3,111 | 3,170 | 3,252 | 3,331 |
| EBITDA 1 | 709 | 688 | 990.5 | 1,234 | 1,286 | 1,335 | 1,371 | 1,395 |
| EBIT 1 | 202.4 | 248.1 | 362.7 | 544 | 655 | 692.7 | 722.3 | 753 |
| Operating Margin | 9.53% | 11.28% | 14.36% | 17.74% | 21.05% | 21.85% | 22.21% | 22.61% |
| Earnings before Tax (EBT) 1 | 143.7 | 185.1 | 327.4 | 502 | 591 | 607.5 | 652 | 694.5 |
| Net income 1 | 144 | 185.1 | 327.4 | 502 | 540 | 573 | 611.7 | 649 |
| Net margin | 6.78% | 8.41% | 12.96% | 16.37% | 17.36% | 18.08% | 18.81% | 19.48% |
| EPS 2 | 0.0340 | 0.0440 | 0.0770 | 0.1190 | 0.1280 | 0.1333 | 0.1467 | 0.1533 |
| Free Cash Flow 1 | 345.4 | 215.6 | 434.5 | 368.4 | - | 407.5 | 539.5 | 689 |
| FCF margin | 16.25% | 9.8% | 17.2% | 12.02% | - | 12.86% | 16.59% | 20.68% |
| FCF Conversion (EBITDA) | 48.72% | 31.34% | 43.87% | 29.85% | - | 30.53% | 39.35% | 49.39% |
| FCF Conversion (Net income) | 239.87% | 116.48% | 132.71% | 73.39% | - | 71.12% | 88.2% | 106.16% |
| Dividend per Share 2 | 0.0500 | 0.0500 | 0.0600 | 0.1000 | - | 0.1133 | 0.1233 | 0.1300 |
| Announcement Date | 2/3/20 | 2/2/21 | 2/3/22 | 1/26/23 | 1/25/24 | - | - | - |
1QAR in Million2QAR
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 582.7 | 780.2 | 730.6 | 705.3 | 740.2 | 890 | 775.8 | 775 | 747.4 | 813 | 806.1 | 801.3 |
| EBITDA 1 | 239.9 | 294.2 | 289.2 | 276.3 | 275.4 | - | 306.8 | 301.8 | 304.2 | 336 | 337.5 | 338 |
| EBIT 1 | 69.8 | 138.6 | 117.6 | 119.2 | 127 | - | 147.9 | 144.4 | 147.8 | 214.9 | 179.6 | 178 |
| Operating Margin | 11.98% | 17.77% | 16.09% | 16.9% | 17.15% | - | 19.06% | 18.64% | 19.77% | 26.44% | 22.28% | 22.22% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 66.33 | 127 | - | - | - | - | 133.4 | 126.5 | 132.3 | 148 | - | 147 |
| Net margin | 11.38% | 16.27% | - | - | - | - | 17.19% | 16.32% | 17.7% | 18.2% | - | 18.35% |
| EPS 2 | - | - | 0.0250 | 0.0260 | 0.0280 | 0.0400 | 0.0320 | 0.0290 | - | 0.0350 | 0.0360 | 0.0340 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/14/21 | 2/3/22 | 4/27/22 | 8/9/22 | 10/25/22 | 1/26/23 | 4/19/23 | 7/26/23 | 10/25/23 | 1/25/24 | 4/23/24 | - |
1QAR in Million2QAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 891 | 928 | 856 | 989 | - | 984 | 1,001 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.257 x | 1.349 x | 0.864 x | 0.8015 x | - | 0.7373 x | 0.7301 x | - |
| Free Cash Flow 1 | 345 | 216 | 434 | 368 | - | 408 | 540 | 689 |
| ROE (net income / shareholders' equity) | 3.15% | 4.11% | 7.2% | 10.6% | - | 11.4% | 11.9% | 12.3% |
| ROA (Net income/ Total Assets) | 2.12% | 2.66% | 4.78% | 7.06% | - | 7.95% | 8.55% | 9.1% |
| Assets 1 | 6,806 | 6,964 | 6,843 | 7,112 | - | 7,208 | 7,154 | 7,132 |
| Book Value Per Share 2 | 1.070 | 1.060 | 1.090 | 1.140 | - | 1.200 | 1.240 | 1.280 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 407 | 456 | 432 | 692 | - | 502 | 518 | 473 |
| Capex / Sales | 19.14% | 20.74% | 17.1% | 22.55% | - | 15.85% | 15.94% | 14.18% |
| Announcement Date | 2/3/20 | 2/2/21 | 2/3/22 | 1/26/23 | 1/25/24 | - | - | - |
1QAR in Million2QAR
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
BUY
Number of Analysts
3
Last Close Price
1.74
QAR
Average target price
2.153
QAR
Spread / Average Target
+23.75%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.76% | 2.03B | |
| +13.36% | 211B | |
| +82.66% | 106B | |
| +0.49% | 59.68B | |
| +51.02% | 28.85B | |
| +1.66% | 24.4B | |
| +2.76% | 18.2B | |
| +5.15% | 15.7B | |
| -6.20% | 10.55B | |
| +2.43% | 9.39B |
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- Financials Vodafone Qatar P.Q.S.C.
