AL YAH SATELLITE COMMUNICATION COMPANY Financials Al Yah Satellite Communication Company
Equities
YAHSAT
AEA007501017
Wireless Telecommunications Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.28 AED | 0.00% |
|
-4.20% | -12.64% |
| May. 14 | Al Yah Satellite Communications Recommences Trading in Abu Dhabi | MT |
| May. 14 | Correction: Al Yah Satellite Communications Posts Higher Q1 Attributable Profit, Revenue | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,820 | 1,661 | 1,734 | 1,515 | - | - |
| Enterprise Value (EV) 2 | 1,952 | 1,645 | 1,613 | 1,701 | 1,801 | 1,879 |
| P/E ratio | 25.7 x | 25.2 x | 15.8 x | 11.8 x | 9.96 x | 10.7 x |
| Yield | 5.36% | 6.43% | 6.3% | 7.35% | 7.66% | 7.87% |
| Capitalization / Revenue | 4.47 x | 3.84 x | 3.79 x | 3.31 x | 3.03 x | 2.82 x |
| EV / Revenue | 4.79 x | 3.8 x | 3.53 x | 3.72 x | 3.6 x | 3.5 x |
| EV / EBITDA | 8.12 x | 6.38 x | 6.06 x | 6.33 x | 6.12 x | 5.93 x |
| EV / FCF | 30.2 x | 6.46 x | 8.51 x | -9.09 x | -1,076 x | -27.8 x |
| FCF Yield | 3.31% | 15.5% | 11.8% | -11% | -0.09% | -3.6% |
| Price to Book | 2.16 x | 1.95 x | 2.06 x | 1.79 x | 1.67 x | 1.62 x |
| Nbr of stocks (in thousands) | 2,439,770 | 2,439,770 | 2,439,770 | 2,439,770 | - | - |
| Reference price 3 | 2.740 | 2.500 | 2.610 | 2.280 | 2.280 | 2.280 |
| Announcement Date | 2/10/22 | 2/10/23 | 2/9/24 | - | - | - |
1AED in Million2USD in Million3AED
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 407.5 | 407.6 | 433 | 457 | 457.4 | 500.1 | 537.4 |
| EBITDA 1 | - | 240.5 | 257.7 | 266.1 | 268.6 | 294.5 | 316.7 |
| EBIT 1 | - | 89.98 | 115 | 98 | 118.3 | 134 | 150.7 |
| Operating Margin | - | 22.08% | 26.56% | 21.44% | 25.85% | 26.8% | 28.04% |
| Earnings before Tax (EBT) 1 | - | 63.09 | 60.39 | 103.4 | 118.5 | 164 | 166 |
| Net income 1 | 68.9 | 69.76 | 66 | 110 | 158.3 | 166.7 | 162.5 |
| Net margin | 16.91% | 17.12% | 15.24% | 24.07% | 34.6% | 33.34% | 30.24% |
| EPS 2 | - | 0.1065 | 0.0992 | 0.1653 | 0.1930 | 0.2290 | 0.2125 |
| Free Cash Flow 1 | - | 64.56 | 254.6 | 189.5 | -187.3 | -1.673 | -67.63 |
| FCF margin | - | 15.84% | 58.81% | 41.46% | -40.94% | -0.33% | -12.58% |
| FCF Conversion (EBITDA) | - | 26.85% | 98.82% | 71.21% | - | - | - |
| FCF Conversion (Net income) | - | 92.54% | 385.81% | 172.26% | - | - | - |
| Dividend per Share 2 | - | 0.1469 | 0.1609 | 0.1645 | 0.1675 | 0.1748 | 0.1795 |
| Announcement Date | 7/13/21 | 2/10/22 | 2/10/23 | 2/9/24 | - | - | - |
1USD in Million2AED
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 98.7 | 107 | 109 | 118.4 | 100.4 | 104.7 | 117.5 | 134.4 | 113.6 |
| EBITDA 1 | 58.11 | 64 | 66.96 | 68.72 | 60.62 | 62.52 | 68.06 | 74.92 | 67.39 |
| EBIT 1 | 22.22 | 28.68 | 30.81 | 33.28 | 24.95 | 15.79 | 22.91 | 34.36 | 26.69 |
| Operating Margin | 22.52% | 26.81% | 28.26% | 28.11% | 24.86% | 15.08% | 19.5% | 25.56% | 23.49% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | 38.02 | - |
| Net income | - | - | - | 30.86 | - | - | - | 38.25 | - |
| Net margin | - | - | - | 26.06% | - | - | - | 28.45% | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 5/11/22 | 8/9/22 | 11/8/22 | 2/10/23 | 5/8/23 | 8/8/23 | 11/7/23 | 2/9/24 | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 132 | - | - | 187 | 286 | 365 |
| Net Cash position 1 | - | - | 16.4 | 121 | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.5487 x | - | - | 0.6953 x | 0.9715 x | 1.152 x |
| Free Cash Flow 1 | - | 64.6 | 255 | 189 | -187 | -1.67 | -67.6 |
| ROE (net income / shareholders' equity) | - | 8.03% | 7.75% | 13% | 14.6% | 16.2% | 15.6% |
| ROA (Net income/ Total Assets) | - | - | 3.37% | 5.5% | 4.7% | 5.1% | 5.5% |
| Assets 1 | - | - | 1,956 | 2,000 | 3,367 | 3,269 | 2,955 |
| Book Value Per Share 2 | - | 1.270 | 1.280 | 1.270 | 1.280 | 1.370 | 1.410 |
| Cash Flow per Share 2 | - | 0.3400 | 0.5800 | 0.5000 | 0.3900 | 0.4500 | 0.4900 |
| Capex 1 | - | 153 | 132 | 142 | 454 | 229 | 228 |
| Capex / Sales | - | 37.51% | 30.52% | 31.11% | 99.36% | 45.73% | 42.51% |
| Announcement Date | 7/13/21 | 2/10/22 | 2/10/23 | 2/9/24 | - | - | - |
1USD in Million2AED
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
2.28
AED
Average target price
3
AED
Spread / Average Target
+31.58%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -12.64% | 1.51B | |
| -9.46% | 156B | |
| -9.99% | 9.15B | |
| +1.09% | 4.31B | |
| -26.43% | 3.68B | |
| -21.14% | 2.21B | |
| -38.14% | 2.2B | |
| -4.85% | 1.93B | |
| +29.94% | 1.66B | |
| -3.03% | 387M |
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