Financials Ooredoo Q.P.S.C.

Equities

ORDS

QA0007227737

Integrated Telecommunications Services

End-of-day quote Qatar Exchange 03:30:00 25/04/2024 am IST 5-day change 1st Jan Change
9.964 QAR -0.95% Intraday chart for Ooredoo Q.P.S.C. -2.79% -12.60%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 22,679 24,088 22,486 29,469 36,516 31,917 - -
Enterprise Value (EV) 1 45,359 37,924 34,772 37,685 36,516 36,568 36,139 31,917
P/E ratio 13.1 x 21.5 x 702 x 12.4 x 12.1 x 9.43 x 8.71 x 8.33 x
Yield 3.53% 3.32% 4.27% 4.67% 4.82% 5.94% 6.12% 6.02%
Capitalization / Revenue 0.76 x 0.83 x 0.75 x 1.3 x 1.58 x 1.35 x 1.31 x 1.3 x
EV / Revenue 1.52 x 1.31 x 1.16 x 1.66 x 1.58 x 1.55 x 1.49 x 1.3 x
EV / EBITDA 3.53 x 3.13 x 2.66 x 4.02 x 3.76 x 3.69 x 3.54 x 3.04 x
EV / FCF 7.72 x 6.92 x 10.7 x 10.7 x - 10.2 x 9.13 x 5.93 x
FCF Yield 12.9% 14.5% 9.31% 9.32% - 9.83% 10.9% 16.9%
Price to Book 0.98 x 1.06 x 1.06 x 1.21 x - 1.12 x 1.06 x 1.01 x
Nbr of stocks (in thousands) 32,03,200 32,03,200 32,03,200 32,03,200 32,03,200 32,03,200 - -
Reference price 2 7.080 7.520 7.020 9.200 11.40 9.964 9.964 9.964
Announcement Date 13/02/20 14/02/21 14/02/22 13/02/23 12/02/24 - - -
1QAR in Million2QAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 29,916 28,867 29,900 22,698 23,164 23,584 24,275 24,633
EBITDA 1 12,847 12,130 13,050 9,375 9,717 9,914 10,204 10,513
EBIT 1 3,711 3,463 5,076 4,810 5,133 5,420 5,577 6,014
Operating Margin 12.4% 12% 16.98% 21.19% 22.16% 22.98% 22.98% 24.42%
Earnings before Tax (EBT) 1 2,646 1,625 1,679 3,133 - 4,640 4,877 5,274
Net income 1 1,725 1,126 47 2,360 3,016 3,350 3,564 3,776
Net margin 5.77% 3.9% 0.16% 10.4% 13.02% 14.2% 14.68% 15.33%
EPS 2 0.5400 0.3500 0.0100 0.7400 0.9400 1.057 1.144 1.196
Free Cash Flow 1 5,873 5,484 3,239 3,513 - 3,594 3,956 5,379
FCF margin 19.63% 19% 10.83% 15.48% - 15.24% 16.3% 21.84%
FCF Conversion (EBITDA) 45.72% 45.21% 24.82% 37.47% - 36.26% 38.78% 51.17%
FCF Conversion (Net income) 340.48% 487.02% 6,891.08% 148.85% - 107.31% 111.01% 142.45%
Dividend per Share 2 0.2500 0.2500 0.3000 0.4300 0.5500 0.5917 0.6100 0.6000
Announcement Date 13/02/20 14/02/21 14/02/22 13/02/23 12/02/24 - - -
1QAR in Million2QAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 7,609 7,782 5,545 5,541 5,767 5,845 5,635 5,774 5,832 5,923 -
EBITDA 1 3,463 3,147 2,233 2,141 2,302 2,273 2,351 2,404 2,579 2,326 2,472
EBIT 1 - - 1,077 1,011 1,166 - 1,303 1,251 1,368 1,121 1,323
Operating Margin - - 19.42% 18.24% 20.22% - 23.12% 21.66% 23.45% 18.93% -
Earnings before Tax (EBT) - - - - - - - 1,163 - - -
Net income - - 659.1 - 574 - - 834 869 352 -
Net margin - - 11.89% - 9.95% - - 14.44% 14.9% 5.94% -
EPS - - - - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 27/10/21 14/02/22 27/04/22 27/07/22 26/10/22 13/02/23 03/05/23 30/07/23 30/10/23 12/02/24 -
1QAR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 22,680 13,836 12,285 8,215 - 4,651 4,222 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.765 x 1.141 x 0.9414 x 0.8763 x - 0.4691 x 0.4138 x -
Free Cash Flow 1 5,873 5,484 3,239 3,513 - 3,595 3,957 5,379
ROE (net income / shareholders' equity) 7.61% 4.91% 0.21% 10.4% - 11.9% 12% 11.4%
ROA (Net income/ Total Assets) 1.99% 1.28% 0.06% 3.39% - 4.2% 5.75% 5.1%
Assets 1 86,649 87,825 82,456 69,617 - 79,751 61,982 74,041
Book Value Per Share 2 7.220 7.100 6.630 7.590 - 8.900 9.370 9.860
Cash Flow per Share 2 3.670 3.470 2.490 2.080 - 2.430 2.430 2.510
Capex 1 5,657 5,627 4,736 3,162 - 3,292 3,420 3,385
Capex / Sales 18.91% 19.49% 15.84% 13.93% - 13.96% 14.09% 13.74%
Announcement Date 13/02/20 14/02/21 14/02/22 13/02/23 12/02/24 - - -
1QAR in Million2QAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
9.964 QAR
Average target price
13.64 QAR
Spread / Average Target
+36.89%
Consensus

Quarterly revenue - Rate of surprise

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