Etihad Etisalat Company

SASE:7020 Stock Report

Market Cap: ر.س43.2b

Etihad Etisalat Valuation

Is 7020 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 7020 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
ر.س85.16
Fair Value
34.2% undervalued intrinsic discount
13
Number of Analysts

Below Fair Value: 7020 (SAR56) is trading below our estimate of fair value (SAR85.16)

Significantly Below Fair Value: 7020 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 7020?

Key metric: As 7020 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 7020. This is calculated by dividing 7020's market cap by their current earnings.
What is 7020's PE Ratio?
PE Ratio15x
Earningsر.س2.87b
Market Capر.س43.20b

Price to Earnings Ratio vs Peers

How does 7020's PE Ratio compare to its peers?

The above table shows the PE ratio for 7020 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.4x
7030 Mobile Telecommunications Company Saudi Arabia
34.9x22.7%ر.س9.3b
7010 Saudi Telecom
15.9x5.8%ر.س211.7b
3045 Taiwan Mobile
24.3x4.5%NT$338.7b
4904 Far EasTone Telecommunications
26.7x10.1%NT$321.3b
7020 Etihad Etisalat
15x11.0%ر.س43.1b

Price-To-Earnings vs Peers: 7020 is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (25.4x).


Price to Earnings Ratio vs Industry

How does 7020's PE Ratio compare vs other companies in the Asian Wireless Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
7020 15.0xIndustry Avg. 17.9xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 7020 is good value based on its Price-To-Earnings Ratio (15x) compared to the Asian Wireless Telecom industry average (17.9x).


Price to Earnings Ratio vs Fair Ratio

What is 7020'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.

7020 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: 7020 is good value based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).


Analyst Price Targets

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

The above table shows the analyst 7020 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س56.00
ر.س64.22
+14.7%
5.6%ر.س70.00ر.س59.00n/a13
Jan ’26ر.س54.00
ر.س63.84
+18.2%
5.0%ر.س70.00ر.س59.00n/a13
Dec ’25ر.س53.50
ر.س61.71
+15.3%
8.2%ر.س70.00ر.س48.00n/a13
Nov ’25ر.س51.80
ر.س60.43
+16.7%
8.6%ر.س70.00ر.س48.00n/a13
Oct ’25ر.س51.60
ر.س60.35
+17.0%
8.5%ر.س70.00ر.س48.00n/a13
Sep ’25ر.س51.40
ر.س60.32
+17.4%
8.4%ر.س70.00ر.س48.00n/a13
Aug ’25ر.س51.20
ر.س60.44
+18.0%
8.6%ر.س72.00ر.س48.00n/a14
Jul ’25ر.س52.30
ر.س60.63
+15.9%
8.6%ر.س72.00ر.س48.00n/a14
Jun ’25ر.س46.75
ر.س59.61
+27.5%
7.4%ر.س65.00ر.س48.00n/a12
May ’25ر.س51.70
ر.س59.71
+15.5%
7.7%ر.س65.00ر.س48.00n/a11
Apr ’25ر.س51.50
ر.س59.71
+16.0%
7.7%ر.س65.00ر.س48.00n/a11
Mar ’25ر.س55.30
ر.س57.15
+3.3%
9.9%ر.س65.00ر.س48.00n/a10
Feb ’25ر.س52.50
ر.س55.89
+6.5%
10.6%ر.س65.00ر.س48.00n/a10
Jan ’25ر.س50.00
ر.س53.07
+6.1%
6.6%ر.س60.00ر.س48.00ر.س54.009
Dec ’24ر.س46.20
ر.س51.83
+12.2%
9.7%ر.س60.00ر.س40.00ر.س53.5010
Nov ’24ر.س47.75
ر.س51.54
+7.9%
9.0%ر.س57.10ر.س40.00ر.س51.8010
Oct ’24ر.س44.45
ر.س50.62
+13.9%
9.4%ر.س57.10ر.س40.00ر.س51.6011
Sep ’24ر.س45.15
ر.س50.56
+12.0%
9.3%ر.س56.10ر.س40.00ر.س51.4010
Aug ’24ر.س45.80
ر.س50.48
+10.2%
10.4%ر.س59.10ر.س40.00ر.س51.2010
Jul ’24n/a
ر.س48.82
0%
10.1%ر.س56.10ر.س40.00ر.س52.3010
Jun ’24ر.س43.00
ر.س48.61
+13.0%
9.8%ر.س56.10ر.س40.00ر.س46.7510
May ’24ر.س44.45
ر.س45.12
+1.5%
13.3%ر.س56.10ر.س32.40ر.س51.7011
Apr ’24ر.س41.25
ر.س43.99
+6.6%
12.3%ر.س53.90ر.س32.40ر.س51.5011
Mar ’24ر.س39.95
ر.س42.95
+7.5%
12.6%ر.س53.90ر.س32.40ر.س55.3011
Feb ’24ر.س35.75
ر.س42.34
+18.4%
12.0%ر.س50.70ر.س32.40ر.س52.5010
Jan ’24ر.س34.85
ر.س42.23
+21.2%
11.5%ر.س50.70ر.س32.40ر.س50.0010
Analyst Price Target
Consensus Narrative from 13 Analysts
ر.س64.22
Fair Value
12.8% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/19 15:30
End of Day Share Price 2025/01/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Etihad Etisalat Company is covered by 25 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jassim Al-JubranAljazira Capital Company
Pritish DevassyAl Rajhi Capital
Jaap MeijerArqaam Capital Research Offshore S.A.L.