Etihad Etisalat（7020）株式概要エティハド・エティサラット・カンパニーは、その子会社を通じて、サウジアラビア王国内でモバイル無線通信および光ファイバーネットワークを構築・運営している。 詳細7020 ファンダメンタル分析スノーフレーク・スコア評価6/6将来の成長2/6過去の実績4/6財務の健全性5/6配当金3/6報酬当社が推定した公正価値より28%で取引されている 収益は年間5.55%増加すると予測されています 過去1年間で収益は10.6%増加しました 同業他社や業界と比較して、良好な取引価格 アナリストらは、株価が23.7%上昇するだろうとほぼ一致している。 リスク分析リスクチェックの結果、7020 、リスクは検出されなかった。すべてのリスクチェックを見る7020 Community Fair Values Create NarrativeSee what 21 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Valueر.سCurrent Priceر.س63.5580.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-1b26b2016201920222025202620282031Revenue ر.س26.1bEarnings ر.س4.7bAdvancedSet Fair ValueView all narrativesEtihad Etisalat Company 競合他社Mobile Telecommunications Company Saudi ArabiaSymbol: SASE:7030Market cap: ر.س9.7bSaudi TelecomSymbol: SASE:7010Market cap: ر.س220.3bFar EasTone TelecommunicationsSymbol: TWSE:4904Market cap: NT$380.5bTele2Symbol: OM:TEL2 BMarket cap: SEK 122.5b価格と性能株価の高値、安値、推移の概要Etihad Etisalat過去の株価現在の株価ر.س62.3052週高値ر.س71.6052週安値ر.س54.60ベータ0.0291ヶ月の変化-3.03%3ヶ月変化-6.17%1年変化7.41%3年間の変化34.27%5年間の変化86.81%IPOからの変化-14.18%最新ニュースReported Earnings • May 01First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: ر.س1.15 (up from ر.س1.00 in 1Q 2025). Revenue: ر.س5.04b (up 5.5% from 1Q 2025). Net income: ر.س879.7m (up 15% from 1Q 2025). Profit margin: 18% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 8.7%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 29Etihad Etisalat Company, Annual General Meeting, May 21, 2026Etihad Etisalat Company, Annual General Meeting, May 21, 2026, at 19:00 Arab Standard Time. Location: riyadh Saudi ArabiaReported Earnings • Feb 24Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ر.س4.51 (up from ر.س4.04 in FY 2024). Revenue: ر.س19.6b (up 7.9% from FY 2024). Net income: ر.س3.47b (up 12% from FY 2024). Profit margin: 18% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Feb 19Upcoming dividend of ر.س1.60 per shareEligible shareholders must have bought the stock before 25 February 2026. Payment date: 09 March 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Saudi dividend payers (5.8%). In line with average of industry peers (3.5%).Declared Dividend • Feb 18Dividend of ر.س1.30 announcedDividend of ر.س1.30 is the same as last year. Ex-date: 10th March 2026 Payment date: 9th March 2026 Dividend yield will be 3.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 38% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Feb 04Now 21% undervaluedOver the last 90 days, the stock has risen 4.9% to ر.س68.25. The fair value is estimated to be ر.س86.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period.最新情報をもっと見るRecent updatesReported Earnings • May 01First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: ر.س1.15 (up from ر.س1.00 in 1Q 2025). Revenue: ر.س5.04b (up 5.5% from 1Q 2025). Net income: ر.س879.7m (up 15% from 1Q 2025). Profit margin: 18% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 8.7%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 29Etihad Etisalat Company, Annual General Meeting, May 21, 2026Etihad Etisalat Company, Annual General Meeting, May 21, 2026, at 19:00 Arab Standard Time. Location: riyadh Saudi ArabiaReported Earnings • Feb 24Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ر.س4.51 (up from ر.س4.04 in FY 2024). Revenue: ر.س19.6b (up 7.9% from FY 2024). Net income: ر.س3.47b (up 12% from FY 2024). Profit margin: 18% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Feb 19Upcoming dividend of ر.س1.60 per shareEligible shareholders must have bought the stock before 25 February 2026. Payment date: 09 March 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Saudi dividend payers (5.8%). In line with average of industry peers (3.5%).Declared Dividend • Feb 18Dividend of ر.س1.30 announcedDividend of ر.س1.30 is the same as last year. Ex-date: 10th March 2026 Payment date: 9th March 2026 Dividend yield will be 3.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 38% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Feb 04Now 21% undervaluedOver the last 90 days, the stock has risen 4.9% to ر.س68.25. The fair value is estimated to be ر.س86.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period.分析記事 • Jan 04Etihad Etisalat (TADAWUL:7020) Is Looking To Continue Growing Its Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...分析記事 • Dec 08Etihad Etisalat Company's (TADAWUL:7020) Share Price Is Matching Sentiment Around Its EarningsEtihad Etisalat Company's ( TADAWUL:7020 ) price-to-earnings (or "P/E") ratio of 14.9x might make it look like a buy...Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: ر.س1.19 (vs ر.س1.08 in 3Q 2024)Third quarter 2025 results: EPS: ر.س1.19 (up from ر.س1.08 in 3Q 2024). Revenue: ر.س4.85b (up 7.8% from 3Q 2024). Net income: ر.س916.4m (up 11% from 3Q 2024). Profit margin: 19% (in line with 3Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.分析記事 • Sep 19Etihad Etisalat's (TADAWUL:7020) Returns On Capital Are Heading HigherDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...分析記事 • Aug 25Why Investors Shouldn't Be Surprised By Etihad Etisalat Company's (TADAWUL:7020) Low P/EWith a price-to-earnings (or "P/E") ratio of 14.6x Etihad Etisalat Company ( TADAWUL:7020 ) may be sending bullish...分析記事 • Jul 31Etihad Etisalat Company Just Recorded A 13% EPS Beat: Here's What Analysts Are Forecasting NextInvestors in Etihad Etisalat Company ( TADAWUL:7020 ) had a good week, as its shares rose 2.8% to close at ر.س60.95...Reported Earnings • Jul 29Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: ر.س1.08 (up from ر.س0.86 in 2Q 2024). Revenue: ر.س4.83b (up 8.1% from 2Q 2024). Net income: ر.س829.9m (up 26% from 2Q 2024). Profit margin: 17% (up from 15% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Jul 28Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.9% to ر.س58.95. The fair value is estimated to be ر.س74.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 5.9% per annum over the same time period.Upcoming Dividend • Jul 27Upcoming dividend of ر.س1.20 per shareEligible shareholders must have bought the stock before 03 August 2025. Payment date: 19 August 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Saudi dividend payers (5.3%). Higher than average of industry peers (3.5%).Buy Or Sell Opportunity • Jul 01Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.2% to ر.س59.05. The fair value is estimated to be ر.س74.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period.お知らせ • May 02Etihad Etisalat Company, Annual General Meeting, May 22, 2025Etihad Etisalat Company, Annual General Meeting, May 22, 2025, at 19:00 Arab Standard Time. Location: riyadh Saudi ArabiaReported Earnings • Apr 29First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: ر.س1.00 (up from ر.س0.83 in 1Q 2024). Revenue: ر.س4.78b (up 5.1% from 1Q 2024). Net income: ر.س766.7m (up 20% from 1Q 2024). Profit margin: 16% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Apr 06Now 21% undervaluedOver the last 90 days, the stock has risen 3.4% to ر.س54.60. The fair value is estimated to be ر.س68.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 6.2% per annum over the same time period.Upcoming Dividend • Mar 16Upcoming dividend of ر.س1.30 per shareEligible shareholders must have bought the stock before 23 March 2025. Payment date: 09 April 2025. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Saudi dividend payers (4.9%). Higher than average of industry peers (3.6%).Reported Earnings • Feb 26Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ر.س4.03 (up from ر.س2.90 in FY 2023). Revenue: ر.س18.2b (up 8.6% from FY 2023). Net income: ر.س3.11b (up 39% from FY 2023). Profit margin: 17% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Nov 13Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ر.س3.05 to ر.س3.39. Revenue forecast steady at ر.س18.0b. Net income forecast to shrink 1.1% next year vs 14% growth forecast for Wireless Telecom industry in Saudi Arabia . Consensus price target of ر.س60.43 unchanged from last update. Share price was steady at ر.س51.90 over the past week.Reported Earnings • Nov 05Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: ر.س1.08 (up from ر.س0.68 in 3Q 2023). Revenue: ر.س4.50b (up 9.7% from 3Q 2023). Net income: ر.س828.5m (up 58% from 3Q 2023). Profit margin: 18% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 29Second quarter 2024 earnings released: EPS: ر.س0.86 (vs ر.س0.65 in 2Q 2023)Second quarter 2024 results: EPS: ر.س0.86 (up from ر.س0.65 in 2Q 2023). Revenue: ر.س4.47b (up 5.1% from 2Q 2023). Net income: ر.س661.1m (up 33% from 2Q 2023). Profit margin: 15% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 08Etihad Etisalat Company, Annual General Meeting, Jun 27, 2024Etihad Etisalat Company, Annual General Meeting, Jun 27, 2024, at 19:40 Arab Standard Time. Location: riyadh Saudi Arabiaお知らせ • May 29Etihad Etisalat Appoints Hisham Hendi as Chief Consumer Marketing and Sales OfficerEtihad Etisalat (Mobily) appointed Hisham Hendi as its Chief Consumer Marketing and Sales Officer. Through this strategic hire, Mobily will see Hendi spearheading its commercial strategy. Hendi brings to the role in-depth expertise in commercial transformation, building team capacities, understanding the market dynamics from customer and competitor perspectives, and delivering strong differentiation, while working closely with partners to enhance consumer experiences. Previously, Hendi has led Vodafone and Vodacom in several leadership roles for more than 20 years, including as the Consumer Business Unit Director at Vodafone España, CEO of Vodafone Tanzania, Head of Consumer Marketing at Vodafone Egypt, and Chief Commercial Officer for International Markets – Vodafone in South Africa. He is also the Non-Executive Board Director at Banque du Caire. As the CEO of Vodafone Tanzania, Hendi grew the customer base, ensured enhanced market and revenue share by leading a high-performance team, innovative Mobile Money services, and brand differentiation. During his tenure in Spain, Hendi drove business transformation by automating customer value management and through robust digital-first initiatives across all digital channels and differentiated fixed mobile convergence propositions. Hendi’s appointment comes at the perfect time as Mobily continues to expand its influence and innovate within the telecom sector. His extensive experience and proven track record in driving commercial success make him ideally suited to lead Mobily’s strategic initiatives.Reported Earnings • May 17First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: ر.س0.83 (up from ر.س0.60 in 1Q 2023). Revenue: ر.س4.55b (up 12% from 1Q 2023). Net income: ر.س637.8m (up 37% from 1Q 2023). Profit margin: 14% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 05Full year 2023 earnings released: EPS: ر.س2.90 (vs ر.س2.15 in FY 2022)Full year 2023 results: EPS: ر.س2.90 (up from ر.س2.15 in FY 2022). Revenue: ر.س16.8b (up 7.0% from FY 2022). Net income: ر.س2.23b (up 35% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 29UAEs e& Will Not Be Raising Stake in Saudi Telco Mobily to 50% PlusThe UAE tech-telecom company e& (Emirates Telecommunications Group Company PJSC) (ADX:EAND) will not pursue its plans to raise its shareholding in its Saudi subsidiary Mobily (Etihad Etisalat Company). It was early last year that e& confirmed moves to take its shareholding in Mobily to 50% plus 1 share from the existing 27.99%. As a telco, Mobily has a 40% share of the lucrative Saudi marketplace and holding its own against stc (Saudi Telecom Co.). (Mobily went operational in 2005.). If the deal had gone ahead, it would have bought the additional Mobily stake at SR47, according to reports at the time. That plan has now been put on the backburner. The other major shareholder in Mobily is Saudi Arabias General Organization for Social Insurance. “Emirates Telecommunications Group Co e& has terminated discussions regarding a possible increase in its shareholding in Mobily," the UAE company said. “Following a period of engagement, a way forward to conclude the potential transaction could not be determined. Hence, e& has now decided not to pursue the financial transaction".Reported Earnings • Oct 26Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: ر.س0.68 (up from ر.س0.48 in 3Q 2022). Revenue: ر.س4.10b (up 7.1% from 3Q 2022). Net income: ر.س523.8m (up 41% from 3Q 2022). Profit margin: 13% (up from 9.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Aug 15Consensus EPS estimates increase by 24%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ر.س1.93 to ر.س2.39. Revenue forecast steady at ر.س16.5b. Net income forecast to shrink 10% next year vs 7.3% growth forecast for Wireless Telecom industry in Saudi Arabia . Consensus price target broadly unchanged at ر.س50.18. Share price was steady at ر.س45.35 over the past week.Reported Earnings • Aug 03Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: ر.س0.65 (up from ر.س0.47 in 2Q 2022). Revenue: ر.س4.25b (up 9.0% from 2Q 2022). Net income: ر.س497.3m (up 38% from 2Q 2022). Profit margin: 12% (up from 9.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Jun 01Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ر.س2.15 to ر.س2.43. Revenue forecast steady at ر.س16.5b. Net income forecast to grow 5.5% next year vs 7.1% growth forecast for Wireless Telecom industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س47.71. Share price was steady at ر.س42.80 over the past week.Reported Earnings • May 17First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: ر.س0.60 (up from ر.س0.41 in 1Q 2022). Revenue: ر.س4.05b (up 6.3% from 1Q 2022). Net income: ر.س464.9m (up 46% from 1Q 2022). Profit margin: 12% (up from 8.4% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 23Now 20% undervaluedOver the last 90 days, the stock is up 3.7%. The fair value is estimated to be ر.س45.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period.Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Chairman Nabeel Al-Amudi was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 25Third quarter 2022 earnings released: EPS: ر.س0.48 (vs ر.س0.36 in 3Q 2021)Third quarter 2022 results: EPS: ر.س0.48 (up from ر.س0.36 in 3Q 2021). Revenue: ر.س3.83b (up 6.1% from 3Q 2021). Net income: ر.س372.5m (up 33% from 3Q 2021). Profit margin: 9.7% (up from 7.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 04Second quarter 2022 earnings: EPS misses analyst expectationsSecond quarter 2022 results: EPS: ر.س0.47 (up from ر.س0.32 in 2Q 2021). Revenue: ر.س3.90b (up 4.6% from 2Q 2021). Net income: ر.س359.5m (up 48% from 2Q 2021). Profit margin: 9.2% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 4.6%, compared to a 5.5% growth forecast for the industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • May 25Etihad Etisalat Company Approves to Distribute Cash Dividends to the Shareholders for the Fiscal Year Ending 31 December 2021 from June 9, 2022Etihad Etisalat Company at its AGM held on May 23, 2022, approved to distribute cash dividends to the shareholders for the fiscal year ending 31 December 2021 in the amount of SAR 654,500,000 at SAR 0.85 per share, representing (8.5%) of the nominal value per share. The eligibility of cash dividends will be to shareholders who own the company shares by the end of the trading day of the General Assembly of the company and enrolled in the Company's registry at Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date. The distribution of dividend will start from June 9, 2022.Price Target Changed • Apr 27Price target increased to ر.س41.74Up from ر.س38.90, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ر.س42.00. Stock is up 39% over the past year. The company is forecast to post earnings per share of ر.س1.67 for next year compared to ر.س1.39 last year.Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ر.س0.41 (up from ر.س0.29 in 1Q 2021). Revenue: ر.س3.81b (up 5.8% from 1Q 2021). Net income: ر.س319.0m (up 41% from 1Q 2021). Profit margin: 8.4% (up from 6.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 8.9%. Over the next year, revenue is forecast to grow 5.4%, compared to a 6.2% growth forecast for the industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Chairman Nabeel Al-Amudi was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improved over the past weekAfter last week's 16% share price gain to ر.س42.25, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Wireless Telecom industry in Asia. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س43.78 per share.Major Estimate Revision • Mar 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ر.س1.45 to ر.س1.60. Revenue forecast steady at ر.س15.5b. Net income forecast to grow 15% next year vs 4.2% growth forecast for Wireless Telecom industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س38.02. Share price fell 2.2% to ر.س34.00 over the past week.Price Target Changed • Mar 04Price target increased to ر.س38.02Up from ر.س35.47, the current price target is an average from 6 analysts. New target price is 12% above last closing price of ر.س34.00. Stock is up 20% over the past year. The company is forecast to post earnings per share of ر.س1.45 for next year compared to ر.س1.39 last year.Reported Earnings • Feb 24Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ر.س1.39 (up from ر.س1.02 in FY 2020). Revenue: ر.س14.8b (up 5.6% from FY 2020). Net income: ر.س1.07b (up 37% from FY 2020). Profit margin: 7.2% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 3.8%, compared to a 5.3% growth forecast for the industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 24Now 21% undervaluedOver the last 90 days, the stock is up 8.5%. The fair value is estimated to be ر.س43.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% per annum over the last 3 years. The company has become profitable over the last 3 years.Board Change • Feb 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non - Executive Director Hatem Mohamed Dowidar was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Executive Departure • Dec 02Independent Director Mutaz Al Azawi has left the companyOn the 28th of November, Mutaz Al Azawi's tenure as Independent Director ended after 3.0 years in the role. As of September 2021, Mutaz still personally held only 500.00 shares (ر.س16k worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.63 years.Executive Departure • Dec 02Independent Vice-Chairman of the Board Abdullah Bin Mohammed Al-Issa has left the companyOn the 28th of November, Abdullah Bin Mohammed Al-Issa's tenure as Independent Vice-Chairman of the Board ended after 4.0 years in the role. As of September 2021, Abdullah Bin Mohammed still personally held 34.60k shares (ر.س1.1m worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.54 years.Executive Departure • Dec 02Non - Executive Director Hussein Alasmari has left the companyOn the 28th of November, Hussein Alasmari's tenure as Non - Executive Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Hussein's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.54 years.Executive Departure • Dec 02Non-Executive Director Serkan Okandan has left the companyOn the 28th of November, Serkan Okandan's tenure as Non-Executive Director ended. We don't have any record of a personal shareholding under Serkan's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.54 years.Executive Departure • Dec 02Non-Executive Director Saleh Al Abdooli has left the companyOn the 28th of November, Saleh Al Abdooli's tenure as Non-Executive Director ended after 5.7 years in the role. We don't have any record of a personal shareholding under Saleh's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.54 years.Price Target Changed • Nov 22Price target increased to ر.س34.76Up from ر.س32.05, the current price target is an average from 8 analysts. New target price is 11% above last closing price of ر.س31.35. Stock is up 7.4% over the past year. The company is forecast to post earnings per share of ر.س1.27 for next year compared to ر.س1.02 last year.Reported Earnings • Oct 22Third quarter 2021 earnings released: EPS ر.س0.36 (vs ر.س0.29 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ر.س3.61b (up 7.5% from 3Q 2020). Net income: ر.س281.1m (up 27% from 3Q 2020). Profit margin: 7.8% (up from 6.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Board Change • Oct 11Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Mutaz Al Azawi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Jul 27Second quarter 2021 earnings released: EPS ر.س0.32 (vs ر.س0.24 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ر.س3.73b (up 4.8% from 2Q 2020). Net income: ر.س243.8m (up 32% from 2Q 2020). Profit margin: 6.5% (up from 5.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.お知らせ • May 21Etihad Etisalat Company Proposes Dividend for the Fiscal Year Ending 31 December 2020Etihad Etisalat Company at its Ordinary General Assembly Meeting to be held on May 23, 2021 the company announced to distribute cash dividends to the shareholders for the fiscal year ending 31 December 2020 amounting to (SAR 385,000,000) at (SAR 0.5) per share representing (5%) of the nominal value per share. The eligibility of Cash dividend will be to shareholders who own the company shares by the end of the trading day of the General Assembly of the company and enrolled in the Company's registry at Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date. Distribution date will be announced later.Reported Earnings • Apr 21First quarter 2021 earnings released: EPS ر.س0.29 (vs ر.س0.17 in 1Q 2020)The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: ر.س3.61b (flat on 1Q 2020). Net income: ر.س225.9m (up 73% from 1Q 2020). Profit margin: 6.3% (up from 3.6% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Feb 23Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.7%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 7.0% while theWireless Telecom industry in Saudi Arabia is not expected to grow.Reported Earnings • Feb 23Full year 2020 earnings released: EPS ر.س1.02 (vs ر.س0.04 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ر.س14.0b (up 4.4% from FY 2019). Net income: ر.س783.3m (up ر.س752.1m from FY 2019). Profit margin: 5.6% (up from 0.2% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Feb 04New 90-day low: ر.س27.90The company is down 1.0% from its price of ر.س28.25 on 05 November 2020. The Saudi market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ر.س39.21 per share.お知らせ • Jan 22Nokia and Mobily Pilot World’s First 4G and 5G Fixed Wireless Access Network SlicingNokia announced that it has successfully piloted 4G and 5G fixed wireless access (FWA) network slicing with Mobily on their live commercial network – the first sliced FWA deployment in the world. The ongoing pilot, which took place in the capital city of Riyadh, occurred in a multi-vendor environment and included sliced access, transport and core networks with management and assurance capabilities. The solution will allow Mobily to offer new FWA services to priority consumer and enterprise customers. It also enables slicing per application including voice, data, online gaming or home office applications. Nokia’s 4G/5G network slicing solution works in LTE, 5G non-standalone (NSA) and 5G standalone (SA) networks. It provides mobile broadband connectivity from 4G/5G devices and Customer Premises Equipment (CPE) to cloud applications through sliced access, transport and core. With the Nokia slicing solution Mobily can divide its network into multiple virtual networks and offer FWA service tiers and premium services to its customers utilizing advanced network resource allocation mechanisms. During the pilot, Mobily utilized Nokia’s AirScale 4G/5G base stations with its NetAct solution with management, control and assurance, as well as Nokia’s routers, Network Services Platform (NSP) and Digital Operations software. Mobily also used existing third-party core as well as Nokia’s FastMile 4G/5G FWA gateway and third-party CPE products. The slicing capabilities are implemented with software upgrades and configurations into Mobily’s existing network. Nokia’s slicing solution supports existing LTE, 5G NSA and 5G SA devices. The slice continuity between LTE and 5G allows operators to maximally utilize their network coverage and assets such as available spectrum for new mobile services. Nokia’s customers are already working on a variety of slicing use cases including enterprise applications, transportation, manufacturing, utilities, public safety and smart city applications. Mobily is the brand name of the Saudi Mobily Company, a Saudi Arabian telecommunications services company that offers fixed-line, mobile telephony and Internet services. Nokia was the first vendor to launch 4G and 5G network slicing and has developed the solution further with slice management automation, orchestration and assurance capabilities. With the same solution, architecture operators can now turn on slicing services for Fixed Wireless Access users.Price Target Changed • Dec 24Price target raised to ر.س28.49Up from ر.س26.15, the current price target is an average from 9 analysts. The new target price is close to the current share price of ر.س29.20. As of last close, the stock is up 17% over the past year.Major Estimate Revision • Dec 01Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from ر.س0.95 to ر.س0.83. Revenue estimate was approximately flat at ر.س14.3b. Net income is expected to grow by 94% next year compared to 3.3% growth forecast for the Wireless Telecom industry in Saudi Arabia. The consensus price target was lowered from ر.س26.93 to ر.س26.15. Share price is up 1.0% to ر.س29.90 over the past week.Major Estimate Revision • Nov 17Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from ر.س0.85 to ر.س0.97. Revenue estimate for the same period was approximately flat at ر.س14.3b. Net income is expected to grow by 113% next year compared to 3.6% growth forecast for the Wireless Telecom industry in Saudi Arabia. The consensus price target increased from ر.س26.03 to ر.س27.01. Share price is up 2.4% to ر.س29.65 over the past week.Reported Earnings • Oct 27Third quarter earnings releasedOver the last 12 months the company has reported total profits of ر.س412.4m, up 76% from the prior year. Total revenue was ر.س14.0b over the last 12 months, up 7.1% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 27Third-quarter earnings released: Earnings beat expectations, revenue disappointsThird-quarter revenue missed analyst estimates by 7.3% at ر.س3.36b. Earnings per share (EPS) exceeded analyst estimates by 37% at ر.س0.29. Revenue is forecast to grow 5.9% over the next year, compared to a 2.9% growth forecast for the Wireless Telecom industry in Saudi Arabia.株主還元7020SA Wireless TelecomSA 市場7D-2.0%-7.5%-0.3%1Y7.4%25.0%6.1%株主還元を見る業界別リターン: 7020過去 1 年間で25 % の収益を上げたSA Wireless Telecom業界を下回りました。リターン対市場: 7020過去 1 年間で6.1 % の収益を上げたSA市場を上回りました。価格変動Is 7020's price volatile compared to industry and market?7020 volatility7020 Average Weekly Movement2.8%Wireless Telecom Industry Average Movement3.7%Market Average Movement4.6%10% most volatile stocks in SA Market7.6%10% least volatile stocks in SA Market2.5%安定した株価: 7020 、 SA市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 7020の 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2004n/aNezar Banabeelawww.mobily.com.saエティハド・エティサラット・カンパニーは、その子会社を通じて、サウジアラビア王国において移動無線通信および光ファイバーネットワークの構築・運営を行っている。電話ネットワーク、端末、通信ユニットシステムの管理、設置、運営、携帯電話や通信ユニットシステムの販売、保守も行っている。また、情報技術、アプリケーション、課金、テストサポート、製品マーケティング、プロセス管理、サポート、コールセンター、金融サービスも提供している。さらに、電気通信サービス、コンサルティング、オフィス管理サービスの提供にも携わっている。さらに、コンピューターシステムの貿易、輸出入、コンピューターと電子機器の卸売、小売、保守、運用、関連サービスの提供にも従事している。さらに、株式、債券、その他の有価証券への資金投資、不動産の所有、特許や商標などの知的財産権、コンセッション、その他の無形権利の所有およびリースも行っている。同社は2004年に設立され、サウジアラビア王国のリヤドに本社を置いている。もっと見るEtihad Etisalat Company 基礎のまとめEtihad Etisalat の収益と売上を時価総額と比較するとどうか。7020 基礎統計学時価総額ر.س48.77b収益（TTM）ر.س3.58b売上高(TTM)ر.س19.90b13.4xPER（株価収益率2.4xP/Sレシオ7020 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計7020 損益計算書（TTM）収益ر.س19.90b売上原価ر.س8.89b売上総利益ر.س11.01bその他の費用ر.س7.43b収益ر.س3.58b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）4.66グロス・マージン55.32%純利益率17.98%有利子負債／自己資本比率28.1%7020 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.5%現在の配当利回り60%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 13:41終値2026/06/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Etihad Etisalat Company 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。19 アナリスト機関Jassim Al-JubranAljazira Capital CompanyAnilkumar MulaniAl Rajhi CapitalPritish DevassyAl Rajhi Capital16 その他のアナリストを表示
Reported Earnings • May 01First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: ر.س1.15 (up from ر.س1.00 in 1Q 2025). Revenue: ر.س5.04b (up 5.5% from 1Q 2025). Net income: ر.س879.7m (up 15% from 1Q 2025). Profit margin: 18% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 8.7%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 29Etihad Etisalat Company, Annual General Meeting, May 21, 2026Etihad Etisalat Company, Annual General Meeting, May 21, 2026, at 19:00 Arab Standard Time. Location: riyadh Saudi Arabia
Reported Earnings • Feb 24Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ر.س4.51 (up from ر.س4.04 in FY 2024). Revenue: ر.س19.6b (up 7.9% from FY 2024). Net income: ر.س3.47b (up 12% from FY 2024). Profit margin: 18% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Feb 19Upcoming dividend of ر.س1.60 per shareEligible shareholders must have bought the stock before 25 February 2026. Payment date: 09 March 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Saudi dividend payers (5.8%). In line with average of industry peers (3.5%).
Declared Dividend • Feb 18Dividend of ر.س1.30 announcedDividend of ر.س1.30 is the same as last year. Ex-date: 10th March 2026 Payment date: 9th March 2026 Dividend yield will be 3.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 38% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Feb 04Now 21% undervaluedOver the last 90 days, the stock has risen 4.9% to ر.س68.25. The fair value is estimated to be ر.س86.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period.
Reported Earnings • May 01First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: ر.س1.15 (up from ر.س1.00 in 1Q 2025). Revenue: ر.س5.04b (up 5.5% from 1Q 2025). Net income: ر.س879.7m (up 15% from 1Q 2025). Profit margin: 18% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 8.7%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 29Etihad Etisalat Company, Annual General Meeting, May 21, 2026Etihad Etisalat Company, Annual General Meeting, May 21, 2026, at 19:00 Arab Standard Time. Location: riyadh Saudi Arabia
Reported Earnings • Feb 24Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ر.س4.51 (up from ر.س4.04 in FY 2024). Revenue: ر.س19.6b (up 7.9% from FY 2024). Net income: ر.س3.47b (up 12% from FY 2024). Profit margin: 18% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Feb 19Upcoming dividend of ر.س1.60 per shareEligible shareholders must have bought the stock before 25 February 2026. Payment date: 09 March 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Saudi dividend payers (5.8%). In line with average of industry peers (3.5%).
Declared Dividend • Feb 18Dividend of ر.س1.30 announcedDividend of ر.س1.30 is the same as last year. Ex-date: 10th March 2026 Payment date: 9th March 2026 Dividend yield will be 3.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 38% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Feb 04Now 21% undervaluedOver the last 90 days, the stock has risen 4.9% to ر.س68.25. The fair value is estimated to be ر.س86.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period.
分析記事 • Jan 04Etihad Etisalat (TADAWUL:7020) Is Looking To Continue Growing Its Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
分析記事 • Dec 08Etihad Etisalat Company's (TADAWUL:7020) Share Price Is Matching Sentiment Around Its EarningsEtihad Etisalat Company's ( TADAWUL:7020 ) price-to-earnings (or "P/E") ratio of 14.9x might make it look like a buy...
Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: ر.س1.19 (vs ر.س1.08 in 3Q 2024)Third quarter 2025 results: EPS: ر.س1.19 (up from ر.س1.08 in 3Q 2024). Revenue: ر.س4.85b (up 7.8% from 3Q 2024). Net income: ر.س916.4m (up 11% from 3Q 2024). Profit margin: 19% (in line with 3Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
分析記事 • Sep 19Etihad Etisalat's (TADAWUL:7020) Returns On Capital Are Heading HigherDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
分析記事 • Aug 25Why Investors Shouldn't Be Surprised By Etihad Etisalat Company's (TADAWUL:7020) Low P/EWith a price-to-earnings (or "P/E") ratio of 14.6x Etihad Etisalat Company ( TADAWUL:7020 ) may be sending bullish...
分析記事 • Jul 31Etihad Etisalat Company Just Recorded A 13% EPS Beat: Here's What Analysts Are Forecasting NextInvestors in Etihad Etisalat Company ( TADAWUL:7020 ) had a good week, as its shares rose 2.8% to close at ر.س60.95...
Reported Earnings • Jul 29Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: ر.س1.08 (up from ر.س0.86 in 2Q 2024). Revenue: ر.س4.83b (up 8.1% from 2Q 2024). Net income: ر.س829.9m (up 26% from 2Q 2024). Profit margin: 17% (up from 15% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Jul 28Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.9% to ر.س58.95. The fair value is estimated to be ر.س74.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 5.9% per annum over the same time period.
Upcoming Dividend • Jul 27Upcoming dividend of ر.س1.20 per shareEligible shareholders must have bought the stock before 03 August 2025. Payment date: 19 August 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Saudi dividend payers (5.3%). Higher than average of industry peers (3.5%).
Buy Or Sell Opportunity • Jul 01Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.2% to ر.س59.05. The fair value is estimated to be ر.س74.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period.
お知らせ • May 02Etihad Etisalat Company, Annual General Meeting, May 22, 2025Etihad Etisalat Company, Annual General Meeting, May 22, 2025, at 19:00 Arab Standard Time. Location: riyadh Saudi Arabia
Reported Earnings • Apr 29First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: ر.س1.00 (up from ر.س0.83 in 1Q 2024). Revenue: ر.س4.78b (up 5.1% from 1Q 2024). Net income: ر.س766.7m (up 20% from 1Q 2024). Profit margin: 16% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Apr 06Now 21% undervaluedOver the last 90 days, the stock has risen 3.4% to ر.س54.60. The fair value is estimated to be ر.س68.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 6.2% per annum over the same time period.
Upcoming Dividend • Mar 16Upcoming dividend of ر.س1.30 per shareEligible shareholders must have bought the stock before 23 March 2025. Payment date: 09 April 2025. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Saudi dividend payers (4.9%). Higher than average of industry peers (3.6%).
Reported Earnings • Feb 26Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ر.س4.03 (up from ر.س2.90 in FY 2023). Revenue: ر.س18.2b (up 8.6% from FY 2023). Net income: ر.س3.11b (up 39% from FY 2023). Profit margin: 17% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Nov 13Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ر.س3.05 to ر.س3.39. Revenue forecast steady at ر.س18.0b. Net income forecast to shrink 1.1% next year vs 14% growth forecast for Wireless Telecom industry in Saudi Arabia . Consensus price target of ر.س60.43 unchanged from last update. Share price was steady at ر.س51.90 over the past week.
Reported Earnings • Nov 05Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: ر.س1.08 (up from ر.س0.68 in 3Q 2023). Revenue: ر.س4.50b (up 9.7% from 3Q 2023). Net income: ر.س828.5m (up 58% from 3Q 2023). Profit margin: 18% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 29Second quarter 2024 earnings released: EPS: ر.س0.86 (vs ر.س0.65 in 2Q 2023)Second quarter 2024 results: EPS: ر.س0.86 (up from ر.س0.65 in 2Q 2023). Revenue: ر.س4.47b (up 5.1% from 2Q 2023). Net income: ر.س661.1m (up 33% from 2Q 2023). Profit margin: 15% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 08Etihad Etisalat Company, Annual General Meeting, Jun 27, 2024Etihad Etisalat Company, Annual General Meeting, Jun 27, 2024, at 19:40 Arab Standard Time. Location: riyadh Saudi Arabia
お知らせ • May 29Etihad Etisalat Appoints Hisham Hendi as Chief Consumer Marketing and Sales OfficerEtihad Etisalat (Mobily) appointed Hisham Hendi as its Chief Consumer Marketing and Sales Officer. Through this strategic hire, Mobily will see Hendi spearheading its commercial strategy. Hendi brings to the role in-depth expertise in commercial transformation, building team capacities, understanding the market dynamics from customer and competitor perspectives, and delivering strong differentiation, while working closely with partners to enhance consumer experiences. Previously, Hendi has led Vodafone and Vodacom in several leadership roles for more than 20 years, including as the Consumer Business Unit Director at Vodafone España, CEO of Vodafone Tanzania, Head of Consumer Marketing at Vodafone Egypt, and Chief Commercial Officer for International Markets – Vodafone in South Africa. He is also the Non-Executive Board Director at Banque du Caire. As the CEO of Vodafone Tanzania, Hendi grew the customer base, ensured enhanced market and revenue share by leading a high-performance team, innovative Mobile Money services, and brand differentiation. During his tenure in Spain, Hendi drove business transformation by automating customer value management and through robust digital-first initiatives across all digital channels and differentiated fixed mobile convergence propositions. Hendi’s appointment comes at the perfect time as Mobily continues to expand its influence and innovate within the telecom sector. His extensive experience and proven track record in driving commercial success make him ideally suited to lead Mobily’s strategic initiatives.
Reported Earnings • May 17First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: ر.س0.83 (up from ر.س0.60 in 1Q 2023). Revenue: ر.س4.55b (up 12% from 1Q 2023). Net income: ر.س637.8m (up 37% from 1Q 2023). Profit margin: 14% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 05Full year 2023 earnings released: EPS: ر.س2.90 (vs ر.س2.15 in FY 2022)Full year 2023 results: EPS: ر.س2.90 (up from ر.س2.15 in FY 2022). Revenue: ر.س16.8b (up 7.0% from FY 2022). Net income: ر.س2.23b (up 35% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 29UAEs e& Will Not Be Raising Stake in Saudi Telco Mobily to 50% PlusThe UAE tech-telecom company e& (Emirates Telecommunications Group Company PJSC) (ADX:EAND) will not pursue its plans to raise its shareholding in its Saudi subsidiary Mobily (Etihad Etisalat Company). It was early last year that e& confirmed moves to take its shareholding in Mobily to 50% plus 1 share from the existing 27.99%. As a telco, Mobily has a 40% share of the lucrative Saudi marketplace and holding its own against stc (Saudi Telecom Co.). (Mobily went operational in 2005.). If the deal had gone ahead, it would have bought the additional Mobily stake at SR47, according to reports at the time. That plan has now been put on the backburner. The other major shareholder in Mobily is Saudi Arabias General Organization for Social Insurance. “Emirates Telecommunications Group Co e& has terminated discussions regarding a possible increase in its shareholding in Mobily," the UAE company said. “Following a period of engagement, a way forward to conclude the potential transaction could not be determined. Hence, e& has now decided not to pursue the financial transaction".
Reported Earnings • Oct 26Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: ر.س0.68 (up from ر.س0.48 in 3Q 2022). Revenue: ر.س4.10b (up 7.1% from 3Q 2022). Net income: ر.س523.8m (up 41% from 3Q 2022). Profit margin: 13% (up from 9.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Aug 15Consensus EPS estimates increase by 24%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ر.س1.93 to ر.س2.39. Revenue forecast steady at ر.س16.5b. Net income forecast to shrink 10% next year vs 7.3% growth forecast for Wireless Telecom industry in Saudi Arabia . Consensus price target broadly unchanged at ر.س50.18. Share price was steady at ر.س45.35 over the past week.
Reported Earnings • Aug 03Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: ر.س0.65 (up from ر.س0.47 in 2Q 2022). Revenue: ر.س4.25b (up 9.0% from 2Q 2022). Net income: ر.س497.3m (up 38% from 2Q 2022). Profit margin: 12% (up from 9.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Jun 01Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ر.س2.15 to ر.س2.43. Revenue forecast steady at ر.س16.5b. Net income forecast to grow 5.5% next year vs 7.1% growth forecast for Wireless Telecom industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س47.71. Share price was steady at ر.س42.80 over the past week.
Reported Earnings • May 17First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: ر.س0.60 (up from ر.س0.41 in 1Q 2022). Revenue: ر.س4.05b (up 6.3% from 1Q 2022). Net income: ر.س464.9m (up 46% from 1Q 2022). Profit margin: 12% (up from 8.4% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 23Now 20% undervaluedOver the last 90 days, the stock is up 3.7%. The fair value is estimated to be ر.س45.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period.
Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Chairman Nabeel Al-Amudi was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 25Third quarter 2022 earnings released: EPS: ر.س0.48 (vs ر.س0.36 in 3Q 2021)Third quarter 2022 results: EPS: ر.س0.48 (up from ر.س0.36 in 3Q 2021). Revenue: ر.س3.83b (up 6.1% from 3Q 2021). Net income: ر.س372.5m (up 33% from 3Q 2021). Profit margin: 9.7% (up from 7.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 04Second quarter 2022 earnings: EPS misses analyst expectationsSecond quarter 2022 results: EPS: ر.س0.47 (up from ر.س0.32 in 2Q 2021). Revenue: ر.س3.90b (up 4.6% from 2Q 2021). Net income: ر.س359.5m (up 48% from 2Q 2021). Profit margin: 9.2% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 4.6%, compared to a 5.5% growth forecast for the industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • May 25Etihad Etisalat Company Approves to Distribute Cash Dividends to the Shareholders for the Fiscal Year Ending 31 December 2021 from June 9, 2022Etihad Etisalat Company at its AGM held on May 23, 2022, approved to distribute cash dividends to the shareholders for the fiscal year ending 31 December 2021 in the amount of SAR 654,500,000 at SAR 0.85 per share, representing (8.5%) of the nominal value per share. The eligibility of cash dividends will be to shareholders who own the company shares by the end of the trading day of the General Assembly of the company and enrolled in the Company's registry at Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date. The distribution of dividend will start from June 9, 2022.
Price Target Changed • Apr 27Price target increased to ر.س41.74Up from ر.س38.90, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ر.س42.00. Stock is up 39% over the past year. The company is forecast to post earnings per share of ر.س1.67 for next year compared to ر.س1.39 last year.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ر.س0.41 (up from ر.س0.29 in 1Q 2021). Revenue: ر.س3.81b (up 5.8% from 1Q 2021). Net income: ر.س319.0m (up 41% from 1Q 2021). Profit margin: 8.4% (up from 6.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 8.9%. Over the next year, revenue is forecast to grow 5.4%, compared to a 6.2% growth forecast for the industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Chairman Nabeel Al-Amudi was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improved over the past weekAfter last week's 16% share price gain to ر.س42.25, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Wireless Telecom industry in Asia. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س43.78 per share.
Major Estimate Revision • Mar 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ر.س1.45 to ر.س1.60. Revenue forecast steady at ر.س15.5b. Net income forecast to grow 15% next year vs 4.2% growth forecast for Wireless Telecom industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س38.02. Share price fell 2.2% to ر.س34.00 over the past week.
Price Target Changed • Mar 04Price target increased to ر.س38.02Up from ر.س35.47, the current price target is an average from 6 analysts. New target price is 12% above last closing price of ر.س34.00. Stock is up 20% over the past year. The company is forecast to post earnings per share of ر.س1.45 for next year compared to ر.س1.39 last year.
Reported Earnings • Feb 24Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ر.س1.39 (up from ر.س1.02 in FY 2020). Revenue: ر.س14.8b (up 5.6% from FY 2020). Net income: ر.س1.07b (up 37% from FY 2020). Profit margin: 7.2% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 3.8%, compared to a 5.3% growth forecast for the industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 24Now 21% undervaluedOver the last 90 days, the stock is up 8.5%. The fair value is estimated to be ر.س43.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% per annum over the last 3 years. The company has become profitable over the last 3 years.
Board Change • Feb 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non - Executive Director Hatem Mohamed Dowidar was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Executive Departure • Dec 02Independent Director Mutaz Al Azawi has left the companyOn the 28th of November, Mutaz Al Azawi's tenure as Independent Director ended after 3.0 years in the role. As of September 2021, Mutaz still personally held only 500.00 shares (ر.س16k worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.63 years.
Executive Departure • Dec 02Independent Vice-Chairman of the Board Abdullah Bin Mohammed Al-Issa has left the companyOn the 28th of November, Abdullah Bin Mohammed Al-Issa's tenure as Independent Vice-Chairman of the Board ended after 4.0 years in the role. As of September 2021, Abdullah Bin Mohammed still personally held 34.60k shares (ر.س1.1m worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.54 years.
Executive Departure • Dec 02Non - Executive Director Hussein Alasmari has left the companyOn the 28th of November, Hussein Alasmari's tenure as Non - Executive Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Hussein's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.54 years.
Executive Departure • Dec 02Non-Executive Director Serkan Okandan has left the companyOn the 28th of November, Serkan Okandan's tenure as Non-Executive Director ended. We don't have any record of a personal shareholding under Serkan's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.54 years.
Executive Departure • Dec 02Non-Executive Director Saleh Al Abdooli has left the companyOn the 28th of November, Saleh Al Abdooli's tenure as Non-Executive Director ended after 5.7 years in the role. We don't have any record of a personal shareholding under Saleh's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.54 years.
Price Target Changed • Nov 22Price target increased to ر.س34.76Up from ر.س32.05, the current price target is an average from 8 analysts. New target price is 11% above last closing price of ر.س31.35. Stock is up 7.4% over the past year. The company is forecast to post earnings per share of ر.س1.27 for next year compared to ر.س1.02 last year.
Reported Earnings • Oct 22Third quarter 2021 earnings released: EPS ر.س0.36 (vs ر.س0.29 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ر.س3.61b (up 7.5% from 3Q 2020). Net income: ر.س281.1m (up 27% from 3Q 2020). Profit margin: 7.8% (up from 6.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Board Change • Oct 11Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Mutaz Al Azawi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jul 27Second quarter 2021 earnings released: EPS ر.س0.32 (vs ر.س0.24 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ر.س3.73b (up 4.8% from 2Q 2020). Net income: ر.س243.8m (up 32% from 2Q 2020). Profit margin: 6.5% (up from 5.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
お知らせ • May 21Etihad Etisalat Company Proposes Dividend for the Fiscal Year Ending 31 December 2020Etihad Etisalat Company at its Ordinary General Assembly Meeting to be held on May 23, 2021 the company announced to distribute cash dividends to the shareholders for the fiscal year ending 31 December 2020 amounting to (SAR 385,000,000) at (SAR 0.5) per share representing (5%) of the nominal value per share. The eligibility of Cash dividend will be to shareholders who own the company shares by the end of the trading day of the General Assembly of the company and enrolled in the Company's registry at Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date. Distribution date will be announced later.
Reported Earnings • Apr 21First quarter 2021 earnings released: EPS ر.س0.29 (vs ر.س0.17 in 1Q 2020)The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: ر.س3.61b (flat on 1Q 2020). Net income: ر.س225.9m (up 73% from 1Q 2020). Profit margin: 6.3% (up from 3.6% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 23Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.7%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 7.0% while theWireless Telecom industry in Saudi Arabia is not expected to grow.
Reported Earnings • Feb 23Full year 2020 earnings released: EPS ر.س1.02 (vs ر.س0.04 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ر.س14.0b (up 4.4% from FY 2019). Net income: ر.س783.3m (up ر.س752.1m from FY 2019). Profit margin: 5.6% (up from 0.2% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Feb 04New 90-day low: ر.س27.90The company is down 1.0% from its price of ر.س28.25 on 05 November 2020. The Saudi market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ر.س39.21 per share.
お知らせ • Jan 22Nokia and Mobily Pilot World’s First 4G and 5G Fixed Wireless Access Network SlicingNokia announced that it has successfully piloted 4G and 5G fixed wireless access (FWA) network slicing with Mobily on their live commercial network – the first sliced FWA deployment in the world. The ongoing pilot, which took place in the capital city of Riyadh, occurred in a multi-vendor environment and included sliced access, transport and core networks with management and assurance capabilities. The solution will allow Mobily to offer new FWA services to priority consumer and enterprise customers. It also enables slicing per application including voice, data, online gaming or home office applications. Nokia’s 4G/5G network slicing solution works in LTE, 5G non-standalone (NSA) and 5G standalone (SA) networks. It provides mobile broadband connectivity from 4G/5G devices and Customer Premises Equipment (CPE) to cloud applications through sliced access, transport and core. With the Nokia slicing solution Mobily can divide its network into multiple virtual networks and offer FWA service tiers and premium services to its customers utilizing advanced network resource allocation mechanisms. During the pilot, Mobily utilized Nokia’s AirScale 4G/5G base stations with its NetAct solution with management, control and assurance, as well as Nokia’s routers, Network Services Platform (NSP) and Digital Operations software. Mobily also used existing third-party core as well as Nokia’s FastMile 4G/5G FWA gateway and third-party CPE products. The slicing capabilities are implemented with software upgrades and configurations into Mobily’s existing network. Nokia’s slicing solution supports existing LTE, 5G NSA and 5G SA devices. The slice continuity between LTE and 5G allows operators to maximally utilize their network coverage and assets such as available spectrum for new mobile services. Nokia’s customers are already working on a variety of slicing use cases including enterprise applications, transportation, manufacturing, utilities, public safety and smart city applications. Mobily is the brand name of the Saudi Mobily Company, a Saudi Arabian telecommunications services company that offers fixed-line, mobile telephony and Internet services. Nokia was the first vendor to launch 4G and 5G network slicing and has developed the solution further with slice management automation, orchestration and assurance capabilities. With the same solution, architecture operators can now turn on slicing services for Fixed Wireless Access users.
Price Target Changed • Dec 24Price target raised to ر.س28.49Up from ر.س26.15, the current price target is an average from 9 analysts. The new target price is close to the current share price of ر.س29.20. As of last close, the stock is up 17% over the past year.
Major Estimate Revision • Dec 01Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from ر.س0.95 to ر.س0.83. Revenue estimate was approximately flat at ر.س14.3b. Net income is expected to grow by 94% next year compared to 3.3% growth forecast for the Wireless Telecom industry in Saudi Arabia. The consensus price target was lowered from ر.س26.93 to ر.س26.15. Share price is up 1.0% to ر.س29.90 over the past week.
Major Estimate Revision • Nov 17Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from ر.س0.85 to ر.س0.97. Revenue estimate for the same period was approximately flat at ر.س14.3b. Net income is expected to grow by 113% next year compared to 3.6% growth forecast for the Wireless Telecom industry in Saudi Arabia. The consensus price target increased from ر.س26.03 to ر.س27.01. Share price is up 2.4% to ر.س29.65 over the past week.
Reported Earnings • Oct 27Third quarter earnings releasedOver the last 12 months the company has reported total profits of ر.س412.4m, up 76% from the prior year. Total revenue was ر.س14.0b over the last 12 months, up 7.1% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 27Third-quarter earnings released: Earnings beat expectations, revenue disappointsThird-quarter revenue missed analyst estimates by 7.3% at ر.س3.36b. Earnings per share (EPS) exceeded analyst estimates by 37% at ر.س0.29. Revenue is forecast to grow 5.9% over the next year, compared to a 2.9% growth forecast for the Wireless Telecom industry in Saudi Arabia.
