Valuation Etihad Etisalat Company

Equities

Market Closed - Saudi Arabian S.E. Other stock markets 05:50:00 12/01/2026 pm IST			5-day change	1st Jan Change
67.25 ^SAR	+3.78%		+2.36%	+1.89%

07/01	Goldman Sachs Lifts Mobily PT, Maintains Neutral Rating	MT
28/12	Red Bull Mobile Ceases Hosting Partnership with Saudi Arabia's Mobily	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	22,060	23,986	26,758	37,768	41,118	51,782	51,782	-
Change	-	8.73%	11.56%	41.15%	8.87%	25.94%	0%	-
Enterprise Value (EV) ¹	32,615	35,890	36,956	45,687	47,527	57,685	56,333	54,793
Change	-	10.04%	2.97%	23.62%	4.03%	21.37%	-2.34%	-2.73%
P/E ratio	28.1x	22.4x	16.2x	16.9x	13.3x	15.3x	14x	12.7x
PBR	1.53x	1.58x	1.64x	2.14x	2.18x	2.56x	2.39x	2.22x
PEG	-	0.6x	0.3x	0.5x	0.3x	1.66x	1.48x	1.3x
Capitalization / Revenue	1.57x	1.62x	1.71x	2.25x	2.26x	2.65x	2.48x	2.36x
EV / Revenue	2.32x	2.42x	2.36x	2.73x	2.61x	2.95x	2.7x	2.49x
EV / EBITDA	6.1x	6.42x	6x	6.9x	6.61x	7.7x	7.07x	6.48x
EV / EBIT	23.9x	21.5x	16x	15.3x	13.5x	15.3x	13.8x	12.5x
EV / FCF	40.7x	13.4x	10.3x	11.9x	13x	17x	14.4x	13.2x
FCF Yield	2.45%	7.47%	9.72%	8.44%	7.72%	5.89%	6.93%	7.59%
Dividend per Share ²	0.5	0.85	0.85	1.45	2.2	2.636	3.039	3.442
Rate of return	1.75%	2.73%	2.45%	2.96%	4.12%	3.92%	4.52%	5.12%
EPS ²	1.02	1.39	2.15	2.9	4.03	4.402	4.819	5.306
Distribution rate	49%	61.2%	39.5%	50%	54.6%	59.9%	63.1%	64.9%
Net sales ¹	14,046	14,834	15,669	16,763	18,206	19,543	20,843	21,979
EBITDA ¹	5,350	5,594	6,161	6,625	7,195	7,493	7,966	8,451
EBIT ¹	1,367	1,668	2,310	2,977	3,530	3,762	4,069	4,394
Net income ¹	783.3	1,072	1,657	2,232	3,107	3,398	3,697	4,057
Net Debt ¹	10,554	11,904	10,199	7,918	6,409	5,902	4,550	3,011
Reference price ²	28.65	31.15	34.75	49.05	53.40	67.25	67.25	67.25
Nbr of stocks (in thousands)	7,70,000	7,70,000	7,70,000	7,70,000	7,70,000	7,70,000	7,70,000	-
Announcement Date	21/02/21	21/02/22	20/02/23	20/02/24	19/02/25	-	-	-

¹SAR in Million²SAR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ETIHAD ETISALAT COMPANY	14.73x	2.85x	7.45x	4.07%	1.33TCr
BHARTI AIRTEL LIMITED	42.18x	6.61x	11.66x	1.01%	14TCr
SOFTBANK CORP.	17.93x	2.09x	8.01x	4.04%	6.49TCr
CELLNEX TELECOM, S.A.	-105.55x	9.13x	11.55x	0.96%	2.06TCr
ROGERS COMMUNICATIONS INC.	4.08x	3.16x	7x	3.96%	1.97TCr
MTN GROUP LIMITED	14.27x	1.92x	4.48x	2.17%	1.95TCr
VODAFONE IDEA LIMITED	-4.63x	7.06x	16.45x	-.--%	1.35TCr
TELE2 AB	22.86x	4.55x	10.17x	4.99%	1.15TCr
FAR EASTONE TELECOMMUNICATIONS CO., LTD.	23.49x	3.33x	9.4x	4.19%	1.02TCr
BHARTI HEXACOM LIMITED	47.36x	9.82x	18.6x	0.92%	976.19Cr
Average	7.67x	5.05x	10.48x	2.63%	3.18TCr
Weighted average by Cap.	19.32x	5.13x	10.29x	2.21%