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BATE

Bahrain Telecommunications Company BSC BAX:BATELCO Stock Report

Last Price

ب.د0.53

Market Cap

ب.د874.1m

7D

-1.7%

1Y

-11.8%

Updated

20 May, 2022

Data

Company Financials
BATELCO fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends3/6

BATELCO Stock Overview

Bahrain Telecommunications Company BSC, together with its subsidiaries, provides public telecommunications, and related products and services to consumer, enterprise, government, and wholesale markets.

Bahrain Telecommunications Company BSC Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Bahrain Telecommunications Company BSC
Historical stock prices
Current Share Priceب.د0.53
52 Week Highب.د0.62
52 Week Lowب.د0.53
Beta0.19
1 Month Change-2.76%
3 Month Change-6.37%
1 Year Change-11.83%
3 Year Change59.82%
5 Year Change103.46%
Change since IPO114.59%

Recent News & Updates

Shareholder Returns

BATELCOBH TelecomBH Market
7D-1.7%0.7%-2.3%
1Y-11.8%11.9%27.0%

Return vs Industry: BATELCO underperformed the BH Telecom industry which returned 11.9% over the past year.

Return vs Market: BATELCO underperformed the BH Market which returned 27% over the past year.

Price Volatility

Is BATELCO's price volatile compared to industry and market?
BATELCO volatility
BATELCO Average Weekly Movement2.2%
Telecom Industry Average Movement4.9%
Market Average Movement2.7%
10% most volatile stocks in BH Market5.9%
10% least volatile stocks in BH Market1.7%

Stable Share Price: BATELCO is not significantly more volatile than the rest of BH stocks over the past 3 months, typically moving +/- 2% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1981n/aMikkel Vinterhttps://www.batelco.com

Bahrain Telecommunications Company BSC, together with its subsidiaries, provides public telecommunications, and related products and services to consumer, enterprise, government, and wholesale markets. The company offers mobile, broadband, data, and fixed line services. It has operations in Bahrain, Jordan, Kuwait, Saudi Arabia, Yemen, Egypt, Guernsey, Jersey, Isle of Man, Maldives, Diego Garcia, and the Falkland Islands.

Bahrain Telecommunications Company BSC Fundamentals Summary

How do Bahrain Telecommunications Company BSC's earnings and revenue compare to its market cap?
BATELCO fundamental statistics
Market Capب.د874.09m
Earnings (TTM)ب.د64.07m
Revenue (TTM)ب.د398.39m

13.6x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BATELCO income statement (TTM)
Revenueب.د398.39m
Cost of Revenueب.د177.54m
Gross Profitب.د220.85m
Other Expensesب.د156.77m
Earningsب.د64.07m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.039
Gross Margin55.44%
Net Profit Margin16.08%
Debt/Equity Ratio44.3%

How did BATELCO perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

77%

Payout Ratio

Valuation

Is Bahrain Telecommunications Company BSC undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BATELCO (BHD0.53) is trading below our estimate of fair value (BHD1.1)

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


Price To Earnings Ratio

PE vs Industry: BATELCO is good value based on its PE Ratio (13.6x) compared to the Asian Telecom industry average (17.5x).

PE vs Market: BATELCO's PE Ratio (13.6x) is in line with the BH market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BATELCO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BATELCO is good value based on its PB Ratio (1.8x) compared to the XA Telecom industry average (2.1x).


Future Growth

How is Bahrain Telecommunications Company BSC forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.7%

Forecasted Telecom industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bahrain Telecommunications Company BSC has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Bahrain Telecommunications Company BSC performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BATELCO has high quality earnings.

Growing Profit Margin: BATELCO's current net profit margins (16.1%) are higher than last year (14.9%).


Past Earnings Growth Analysis

Earnings Trend: BATELCO's earnings have grown significantly by 21.5% per year over the past 5 years.

Accelerating Growth: BATELCO's earnings growth over the past year (10.6%) is below its 5-year average (21.5% per year).

Earnings vs Industry: BATELCO earnings growth over the past year (10.6%) underperformed the Telecom industry 18.3%.


Return on Equity

High ROE: BATELCO's Return on Equity (14.2%) is considered low.


Financial Health

How is Bahrain Telecommunications Company BSC's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BATELCO's short term assets (BHD387.0M) exceed its short term liabilities (BHD217.6M).

Long Term Liabilities: BATELCO's short term assets (BHD387.0M) exceed its long term liabilities (BHD305.1M).


Debt to Equity History and Analysis

Debt Level: BATELCO has more cash than its total debt.

Reducing Debt: BATELCO's debt to equity ratio has reduced from 44.8% to 44.3% over the past 5 years.

Debt Coverage: BATELCO's debt is well covered by operating cash flow (76.4%).

Interest Coverage: BATELCO's interest payments on its debt are well covered by EBIT (11.3x coverage).


Balance Sheet


Dividend

What is Bahrain Telecommunications Company BSC 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

  • Future Dividend Coverage


5.67%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BATELCO's dividend (5.67%) is higher than the bottom 25% of dividend payers in the BH market (3.73%).

High Dividend: BATELCO's dividend (5.67%) is low compared to the top 25% of dividend payers in the BH market (5.68%).


Stability and Growth of Payments

Stable Dividend: BATELCO's dividend payments have been volatile in the past 10 years.

Growing Dividend: BATELCO's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (77.4%), BATELCO's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (46.4%), BATELCO's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.3yrs

Average management tenure


CEO

Mikkel Vinter

3yrs

Tenure

Mr. Mikkel Vinter serves as Chief Executive Officer at Bahrain Telecommunications Company BSC since May 2019. He serves as Member of the Board of Directors of Umniah Mobile Company PLC, Sure Limited and Dh...


Leadership Team

Experienced Management: BATELCO's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: BATELCO's board of directors are not considered experienced ( 2.8 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

Bahrain Telecommunications Company BSC's employee growth, exchange listings and data sources


Key Information

  • Name: Bahrain Telecommunications Company BSC
  • Ticker: BATELCO
  • Exchange: BAX
  • Founded: 1981
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Implied Market Cap: ب.د874.086m
  • Shares outstanding: 1.65b
  • Website: https://www.batelco.com

Location

  • Bahrain Telecommunications Company BSC
  • Building 1095
  • Road 1425, Block 1014
  • Manama
  • Bahrain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/20 00:00
End of Day Share Price2022/05/19 00:00
Earnings2022/03/31
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.