Financials Emirates Telecommunications Group Company

Equities

EAND

AEE000401019

Integrated Telecommunications Services

Market Closed - Abu Dhabi Securities Exchange 06:58:01 2024-04-26 am EDT 5-day change 1st Jan Change
16.98 AED +1.07% Intraday chart for Emirates Telecommunications Group Company -3.30% -13.54%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 142,279 146,975 275,687 198,808 170,804 147,671 - -
Enterprise Value (EV) 1 136,511 145,116 275,498 217,068 194,318 168,362 163,543 163,528
P/E ratio 16.4 x 16.3 x 29.6 x 19.9 x 16.6 x 14.4 x 13.8 x 13.2 x
Yield 4.89% 4.73% 2.52% 3.5% - 4.89% 5.06% 5.24%
Capitalization / Revenue 2.73 x 2.84 x 5.17 x 3.79 x 3.18 x 2.67 x 2.61 x 2.51 x
EV / Revenue 2.62 x 2.81 x 5.16 x 4.14 x 3.62 x 3.04 x 2.89 x 2.78 x
EV / EBITDA 4.98 x 5.23 x 10.5 x 8.11 x 7.41 x 6.19 x 5.96 x 5.78 x
EV / FCF 12.8 x 12.2 x 28.3 x 19.6 x 24.5 x 13.4 x 13.1 x 11.3 x
FCF Yield 7.8% 8.18% 3.54% 5.11% 4.07% 7.47% 7.62% 8.89%
Price to Book 3.05 x 3 x 7.37 x 4.7 x 4 x 3 x 2.79 x 2.56 x
Nbr of stocks (in thousands) 8,696,754 8,696,754 8,696,754 8,696,754 8,696,754 8,696,754 - -
Reference price 2 16.36 16.90 31.70 22.86 19.64 16.98 16.98 16.98
Announcement Date 2/18/20 2/14/21 2/14/22 2/13/23 2/21/24 - - -
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 52,186 51,708 53,342 52,432 53,752 55,376 56,527 58,720
EBITDA 1 27,426 27,768 26,232 26,761 26,214 27,209 27,456 28,312
EBIT 1 14,098 14,471 12,792 12,924 12,832 14,898 15,175 15,426
Operating Margin 27.01% 27.99% 23.98% 24.65% 23.87% 26.9% 26.85% 26.27%
Earnings before Tax (EBT) 1 11,109 11,766 12,804 12,278 12,698 13,498 13,669 14,728
Net income 1 8,693 9,027 9,317 10,007 10,305 10,458 10,790 11,749
Net margin 16.66% 17.46% 17.47% 19.09% 19.17% 18.89% 19.09% 20.01%
EPS 2 1.000 1.040 1.070 1.150 1.180 1.177 1.227 1.289
Free Cash Flow 1 10,653 11,873 9,749 11,097 7,918 12,583 12,468 14,535
FCF margin 20.41% 22.96% 18.28% 21.16% 14.73% 22.72% 22.06% 24.75%
FCF Conversion (EBITDA) 38.84% 42.76% 37.16% 41.47% 30.21% 46.25% 45.41% 51.34%
FCF Conversion (Net income) 122.55% 131.53% 104.63% 110.89% 76.84% 120.32% 115.55% 123.72%
Dividend per Share 2 0.8000 0.8000 0.8000 0.8000 - 0.8300 0.8600 0.8900
Announcement Date 2/18/20 2/14/21 2/14/22 2/13/23 2/21/24 - - -
1AED in Million2AED
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 2024 Q2 2024 Q3 2024 Q4
Net sales 1 13,294 13,613 13,331 12,996 12,973 13,132 13,002 13,614 13,397 13,738 13,645 14,159 13,933 14,315
EBITDA 1 6,785 6,290 6,806 6,489 6,841 6,424 5,902 6,567 6,981 6,764 6,546 - - -
EBIT 1 3,273 2,890 3,416 3,263 3,320 2,926 2,939 3,590 3,630 2,673 3,300 3,424 3,670 -
Operating Margin 24.62% 21.23% 25.62% 25.11% 25.59% 22.28% 22.6% 26.37% 27.1% 19.45% 24.18% 24.18% 26.34% -
Earnings before Tax (EBT) 1 3,366 2,900 3,143 2,740 3,245 - 2,612 3,219 3,617 - 3,439 - - -
Net income 1 2,436 2,136 2,434 2,431 2,484 2,658 2,187 2,522 2,979 2,616 2,570 - - -
Net margin 18.33% 15.69% 18.26% 18.71% 19.14% 20.24% 16.82% 18.53% 22.24% 19.04% 18.84% - - -
EPS 2 0.2800 0.2400 0.2800 0.2800 0.2900 0.3000 0.2500 0.2900 0.3400 0.3000 0.2200 0.2900 0.3000 0.3600
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/31/21 2/14/22 4/25/22 8/1/22 11/1/22 2/13/23 5/2/23 8/1/23 10/31/23 2/21/24 - - - -
1AED in Million2AED
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 18,260 23,514 20,691 15,872 15,857
Net Cash position 1 5,768 1,859 189 - - - - -
Leverage (Debt/EBITDA) - - - 0.6823 x 0.897 x 0.7604 x 0.5781 x 0.5601 x
Free Cash Flow 1 10,653 11,873 9,749 11,097 7,918 12,583 12,468 14,535
ROE (net income / shareholders' equity) 19% 18.4% 19.3% 22.3% 24.3% 21.4% 21.3% 21.1%
ROA (Net income/ Total Assets) 6.86% 6.91% 7.13% 7.32% 7.06% 8% 7.61% 8.9%
Assets 1 126,756 130,649 130,609 136,641 145,995 130,730 141,813 132,007
Book Value Per Share 2 5.360 5.640 4.300 4.860 4.910 5.650 6.080 6.630
Cash Flow per Share 2 2.230 2.180 2.080 2.200 1.750 1.980 2.000 2.100
Capex 1 8,773 7,096 8,362 8,037 7,287 8,192 7,802 8,056
Capex / Sales 16.81% 13.72% 15.68% 15.33% 13.56% 14.79% 13.8% 13.72%
Announcement Date 2/18/20 2/14/21 2/14/22 2/13/23 2/21/24 - - -
1AED 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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
12
Last Close Price
16.98 AED
Average target price
20.26 AED
Spread / Average Target
+19.31%
Consensus
  1. Stock Market
  2. Equities
  3. EAND Stock
  4. Financials Emirates Telecommunications Group Company