Company Valuation: Saudi Telecom Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,24,480 1,82,648 2,01,374 1,99,477 2,14,461 2,14,362 - -
Change - -18.64% 10.25% -0.94% 7.51% -0.05% - -
Enterprise Value (EV) 1 2,20,780 1,70,650 1,99,349 1,86,017 2,16,826 2,14,528 2,08,700 2,16,442
Change - -22.71% 16.82% -6.69% 16.56% -1.06% -2.72% 3.71%
P/E ratio 19.9x 15x 15.2x 8.08x 14.5x 15.3x 14.3x 13.6x
PBR 3.24x 2.48x 2.55x 2.23x 2.57x 2.49x 2.39x 2.32x
PEG - 1.93x 1.69x 0.1x -0.4x -2.66x 1.93x 2.74x
Capitalization / Revenue 3.54x 2.71x 2.78x 2.63x 2.76x 2.63x 2.51x 2.4x
EV / Revenue 3.48x 2.53x 2.76x 2.45x 2.79x 2.64x 2.44x 2.42x
EV / EBITDA 9.67x 6.8x 8.08x 7.77x 8.86x 8.27x 7.58x 7.36x
EV / EBIT 16.8x 11.3x 14x 12.9x 15x 14.1x 12.7x 12.4x
EV / FCF 73.3x 9.15x 15.5x 22.7x 33.4x 18.8x 19x 17.9x
FCF Yield 1.36% 10.9% 6.45% 4.4% 2.99% 5.32% 5.27% 5.59%
Dividend per Share 2 1.6 1.6 1.6 1.75 2.2 2.264 2.296 2.447
Rate of return 3.56% 4.37% 3.96% 4.38% 5.12% 5.27% 5.34% 5.7%
EPS 2 2.264 2.44 2.66 4.95 2.97 2.799 3.006 3.156
Distribution rate 70.7% 65.6% 60.2% 35.4% 74.1% 80.9% 76.4% 77.5%
Net sales 1 63,417 67,432 72,337 75,893 77,819 81,364 85,469 89,319
EBITDA 1 22,841 25,079 24,683 23,926 24,469 25,928 27,524 29,424
EBIT 1 13,128 15,088 14,200 14,426 14,438 15,219 16,393 17,493
Net income 1 11,311 12,171 13,295 24,689 14,828 14,005 14,983 15,924
Net Debt 1 -3,699 -11,997 -2,025 -13,460 2,364 166.5 -5,662 2,080
Reference price 2 44.96 36.60 40.40 40.00 42.98 42.96 42.96 42.96
Nbr of stocks (in thousands) 49,92,873 49,90,371 49,84,506 49,86,916 49,89,794 49,89,798 - -
Announcement Date 21/02/22 20/02/23 19/02/24 26/02/25 17/02/26 - - -
1SAR in Million2SAR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.34x2.64x8.27x5.27% 5.71TCr
9.7x2.4x6.55x6.05% 19TCr
14.77x2.23x5.88x3.84% 16TCr
15.79x2.15x5.43x2.28% 7.74TCr
12.01x1.72x7.07x3.47% 7.78TCr
28.72x5.92x21.46x3.89% 6.27TCr
15.72x1.94x6.1x4.44% 5.51TCr
14.07x2.61x6.04x4.84% 4.53TCr
24.72x3.42x7.56x4.06% 4.37TCr
26.01x3.16x8.44x3.93% 4.28TCr
Average 17.68x 2.82x 8.28x 4.21% 8.18TCr
Weighted average by Cap. 15.66x 2.64x 7.72x 4.4%

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

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