Company Valuation: Arabian Internet and Communication Services Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,358 28,845 41,618 32,130 26,796 25,840 - -
Change - 29.01% 44.28% -22.8% -16.6% -3.57% - -
Enterprise Value (EV) 1 20,782 28,301 38,890 29,163 25,695 23,989 23,370 22,662
Change - 36.18% 37.42% -25.01% -11.89% -6.64% -2.58% -3.03%
P/E 27.1x 27.7x 35.2x 20.3x 18x 16.5x 14.7x 13.5x
PBR 9.85x 10.3x 12.5x 8.02x 6.25x 5.29x 4.61x 4.06x
PEG - 1.1x 2.7x 0.6x -3.03x 3.49x 1.1x 1.65x
Capitalization / Revenue 2.86x 3.28x 3.77x 2.66x 2.1x 1.9x 1.74x 1.65x
EV / Revenue 2.66x 3.21x 3.52x 2.42x 2.02x 1.76x 1.58x 1.44x
EV / EBITDA 19.1x 20.3x 23.3x 15x 12.9x 11.4x 10.1x 9.16x
EV / EBIT 23.1x 24.4x 28x 17.6x 15.7x 13.8x 12.1x 10.9x
EV / FCF 17x 18x 33.8x 23.3x -88.1x 16.8x 15.2x 13.5x
FCF Yield 5.89% 5.55% 2.96% 4.3% -1.14% 5.95% 6.56% 7.41%
Dividend per Share 2 4 4 5.95 6 8 8.613 9.558 10.38
Rate of return 2.13% 1.65% 1.7% 2.22% 3.55% 3.97% 4.4% 4.78%
EPS 2 6.94 8.77 9.93 13.31 12.52 13.11 14.8 16.02
Distribution rate 57.6% 45.6% 59.9% 45.1% 63.9% 65.7% 64.6% 64.8%
Net sales 1 7,816 8,805 11,040 12,064 12,730 13,617 14,837 15,690
EBITDA 1 1,090 1,392 1,669 1,948 1,987 2,110 2,311 2,474
EBIT 1 899.1 1,160 1,387 1,661 1,641 1,741 1,935 2,086
Net income 1 832.9 1,053 1,192 1,597 1,503 1,543 1,775 1,911
Net Debt 1 -1,576 -544 -2,728 -2,967 -1,101 -1,851 -2,470 -3,178
Reference price 2 188.20 242.80 349.80 270.00 225.10 217.00 217.00 217.00
Nbr of stocks (in thousands) 1,18,800 1,18,800 1,18,977 1,19,000 1,19,041 1,19,078 - -
Announcement Date 20/02/22 28/02/23 27/02/24 17/02/25 16/02/26 - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.55x1.76x11.37x3.97% 688.13Cr
23.06x3.76x13.13x2.88% 22TCr
-131.77x18.43x100.28x-.--% 12TCr
13.87x1.53x8.03x3.46% 11TCr
14.91x2.73x10.29x5.51% 8.83TCr
20.51x5.38x13.21x2.78% 6.19TCr
14.81x2.16x9.15x5.26% 4.85TCr
21.96x1.8x11.18x1.33% 4.34TCr
21.25x1.61x10.31x0.89% 4.1TCr
17.85x2.28x10.7x4.89% 3.71TCr
Average 3.30x 4.14x 19.76x 3.1% 7.81TCr
Weighted average by Cap. -3.93x 5.27x 24.69x 2.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. 7202 Stock
  4. Valuation Arabian Internet and Communication Services Company