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YAHS

Al Yah Satellite Communication Company PJSC ADX:YAHSAT Stock Report

Last Price

د.إ2.67

Market Cap

د.إ6.5b

7D

0%

1Y

2.7%

Updated

16 Aug, 2022

Data

Company Financials +
YAHSAT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends2/6

YAHSAT Stock Overview

Al Yah Satellite Communication Company PJSC, together with its subsidiaries, provides fixed and mobile satellite telecommunication services.

Al Yah Satellite Communication Company PJSC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Al Yah Satellite Communication Company PJSC
Historical stock prices
Current Share Priceد.إ2.67
52 Week Highد.إ2.91
52 Week Lowد.إ2.46
Beta0
1 Month Change5.53%
3 Month Change1.52%
1 Year Change2.69%
3 Year Changen/a
5 Year Changen/a
Change since IPO-4.64%

Recent News & Updates

Apr 29
Are Investors Undervaluing Al Yah Satellite Communication Company PJSC (ADX:YAHSAT) By 49%?

Are Investors Undervaluing Al Yah Satellite Communication Company PJSC (ADX:YAHSAT) By 49%?

Today we will run through one way of estimating the intrinsic value of Al Yah Satellite Communication Company PJSC...

Shareholder Returns

YAHSATAE TelecomAE Market
7D0%0.04%0.5%
1Y2.7%4.5%28.3%

Return vs Industry: YAHSAT underperformed the AE Telecom industry which returned 4.9% over the past year.

Return vs Market: YAHSAT underperformed the AE Market which returned 29.1% over the past year.

Price Volatility

Is YAHSAT's price volatile compared to industry and market?
YAHSAT volatility
YAHSAT Average Weekly Movement2.0%
Telecom Industry Average Movement4.5%
Market Average Movement4.4%
10% most volatile stocks in AE Market8.4%
10% least volatile stocks in AE Market2.7%

Stable Share Price: YAHSAT is less volatile than 75% of AE stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: YAHSAT's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/aAli Al Hashemihttps://www.yahsat.com

Al Yah Satellite Communication Company PJSC, together with its subsidiaries, provides fixed and mobile satellite telecommunication services. The company operates through Infrastructure, Managed Solutions, Mobility Solutions, Data Solutions, and Other segments. It offers a range of C, Ku, Ka, and L-band solutions for land, maritime, and aero platforms to consumers, governments, and enterprises.

Al Yah Satellite Communication Company PJSC Fundamentals Summary

How do Al Yah Satellite Communication Company PJSC's earnings and revenue compare to its market cap?
YAHSAT fundamental statistics
Market Capد.إ6.51b
Earnings (TTM)د.إ312.31m
Revenue (TTM)د.إ1.55b

20.9x

P/E Ratio

4.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
YAHSAT income statement (TTM)
RevenueUS$422.95m
Cost of RevenueUS$139.29m
Gross ProfitUS$283.66m
Other ExpensesUS$198.64m
EarningsUS$85.02m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.035
Gross Margin67.07%
Net Profit Margin20.10%
Debt/Equity Ratio59.6%

How did YAHSAT perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

57%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is YAHSAT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for YAHSAT?

Other financial metrics that can be useful for relative valuation.

YAHSAT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.9x
Enterprise Value/EBITDA8.6x
PEG Ratio6x

Price to Earnings Ratio vs Peers

How does YAHSAT's PE Ratio compare to its peers?

YAHSAT PE Ratio vs Peers
The above table shows the PE ratio for YAHSAT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.6x
DU Emirates Integrated Telecommunications Company PJSC
22.9x5.3%د.إ27.9b
SATS EchoStar
27.9x-25.2%US$1.7b
TIMECOM TIME dotCom Berhad
21.2x12.2%RM8.3b
COLTEL Colombia Telecomunicaciones ESP
14.6xn/aCol$7.1t
YAHSAT Al Yah Satellite Communication Company PJSC
20.9x3.5%د.إ6.5b

Price-To-Earnings vs Peers: YAHSAT is good value based on its Price-To-Earnings Ratio (20.9x) compared to the peer average (21.6x).


Price to Earnings Ratio vs Industry

How does YAHSAT's PE Ratio compare vs other companies in the Asian Telecom Industry?

Price-To-Earnings vs Industry: YAHSAT is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the Asian Telecom industry average (18.5x)


Price to Earnings Ratio vs Fair Ratio

What is YAHSAT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

YAHSAT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.9x
Fair PE Ratio27.7x

Price-To-Earnings vs Fair Ratio: YAHSAT is good value based on its Price-To-Earnings Ratio (20.9x) compared to the estimated Fair Price-To-Earnings Ratio (27.7x).


Share Price vs Fair Value

What is the Fair Price of YAHSAT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: YAHSAT (AED2.67) is trading below our estimate of fair value (AED3.59)

Significantly Below Fair Value: YAHSAT is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Al Yah Satellite Communication Company PJSC forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YAHSAT's forecast earnings growth (3.5% per year) is below the savings rate (8.9%).

Earnings vs Market: YAHSAT's earnings (3.5% per year) are forecast to grow slower than the AE market (4.1% per year).

High Growth Earnings: YAHSAT's earnings are forecast to grow, but not significantly.

Revenue vs Market: YAHSAT's revenue (4.6% per year) is forecast to grow faster than the AE market (4.5% per year).

High Growth Revenue: YAHSAT's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: YAHSAT's Return on Equity is forecast to be low in 3 years time (12.9%).


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Past Performance

How has Al Yah Satellite Communication Company PJSC performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: YAHSAT has high quality earnings.

Growing Profit Margin: YAHSAT's current net profit margins (20.1%) are higher than last year (17.1%).


Past Earnings Growth Analysis

Earnings Trend: YAHSAT's earnings have grown by 13.4% per year over the past 5 years.

Accelerating Growth: YAHSAT's earnings growth over the past year (24.2%) exceeds its 5-year average (13.4% per year).

Earnings vs Industry: YAHSAT earnings growth over the past year (24.2%) exceeded the Telecom industry 16.1%.


Return on Equity

High ROE: YAHSAT's Return on Equity (8.3%) is considered low.


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Financial Health

How is Al Yah Satellite Communication Company PJSC's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: YAHSAT's short term assets ($735.3M) exceed its short term liabilities ($266.9M).

Long Term Liabilities: YAHSAT's short term assets ($735.3M) do not cover its long term liabilities ($871.4M).


Debt to Equity History and Analysis

Debt Level: YAHSAT's net debt to equity ratio (20.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if YAHSAT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: YAHSAT's debt is well covered by operating cash flow (39.1%).

Interest Coverage: YAHSAT's interest payments on its debt are well covered by EBIT (15.9x coverage).


Balance Sheet


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Dividend

What is Al Yah Satellite Communication Company PJSC current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.50%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: YAHSAT's dividend (5.5%) is higher than the bottom 25% of dividend payers in the AE market (3.02%).

High Dividend: YAHSAT's dividend (5.5%) is low compared to the top 25% of dividend payers in the AE market (5.52%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether YAHSAT's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if YAHSAT's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (57.4%), YAHSAT's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (212.1%), YAHSAT's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Ali Al Hashemi (41 yo)

1.33yrs

Tenure

Mr. Ali Hashem Al Hashemi serves as Chief Executive Officer at Al Yah Satellite Communication Company PJSC since April 18, 2021. He serves as Director at Thuraya Telecommunications Company. He served as C...


Leadership Team

Experienced Management: YAHSAT's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: YAHSAT's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Al Yah Satellite Communication Company PJSC's employee growth, exchange listings and data sources


Key Information

  • Name: Al Yah Satellite Communication Company PJSC
  • Ticker: YAHSAT
  • Exchange: ADX
  • Founded: 2007
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Implied Market Cap: د.إ6.514b
  • Shares outstanding: 2.44b
  • Website: https://www.yahsat.com

Location

  • Al Yah Satellite Communication Company PJSC
  • Sweihan Road
  • Al Falah City
  • Abu Dhabi
  • United Arab Emirates

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.