Company Valuation: Arabian Internet and Communication Services Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,358 28,845 41,618 32,130 26,796 24,423 - -
Change - 29.01% 44.28% -22.8% -16.6% -8.86% - -
Enterprise Value (EV) 1 20,782 28,301 38,890 29,163 25,695 22,361 21,953 21,245
Change - 36.18% 37.42% -25.01% -11.89% -12.98% -1.82% -3.23%
P/E 27.1x 27.7x 35.2x 20.3x 18x 15.6x 13.9x 12.8x
PBR 9.85x 10.3x 12.5x 8.02x 6.25x 5x 4.35x 3.83x
PEG - 1.1x 2.7x 0.6x -3.03x 3.3x 1.1x 1.56x
Capitalization / Revenue 2.86x 3.28x 3.77x 2.66x 2.1x 1.79x 1.65x 1.56x
EV / Revenue 2.66x 3.21x 3.52x 2.42x 2.02x 1.64x 1.48x 1.35x
EV / EBITDA 19.1x 20.3x 23.3x 15x 12.9x 10.6x 9.5x 8.59x
EV / EBIT 23.1x 24.4x 28x 17.6x 15.7x 12.8x 11.3x 10.2x
EV / FCF 17x 18x 33.8x 23.3x -88.1x 15.7x 14.3x 12.7x
FCF Yield 5.89% 5.55% 2.96% 4.3% -1.14% 6.38% 6.98% 7.9%
Dividend per Share 2 4 4 5.95 6 8 8.613 9.558 10.38
Rate of return 2.13% 1.65% 1.7% 2.22% 3.55% 4.2% 4.66% 5.06%
EPS 2 6.94 8.77 9.93 13.31 12.52 13.11 14.8 16.02
Distribution rate 57.6% 45.6% 59.9% 45.1% 63.9% 65.7% 64.6% 64.8%
Net sales 1 7,816 8,805 11,040 12,064 12,730 13,617 14,837 15,690
EBITDA 1 1,090 1,392 1,669 1,948 1,987 2,110 2,311 2,474
EBIT 1 899.1 1,160 1,387 1,661 1,641 1,741 1,935 2,086
Net income 1 832.9 1,053 1,192 1,597 1,503 1,504 1,775 1,911
Net Debt 1 -1,576 -544 -2,728 -2,967 -1,101 -2,062 -2,470 -3,178
Reference price 2 188.20 242.80 349.80 270.00 225.10 205.10 205.10 205.10
Nbr of stocks (in thousands) 118,800 118,800 118,977 119,000 119,041 119,078 - -
Announcement Date 2/20/22 A 2/28/23 A 2/27/24 A 2/17/25 A 2/16/26 A - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.64x1.64x10.6x4.2% 6.5B
23.14x3.77x13.17x2.87% 222B
-116.79x18.57x106.98x-.--% 115B
13.73x1.52x7.97x3.49% 113B
14.91x2.72x10.28x5.51% 87.05B
20.45x5.36x13.17x2.79% 62.19B
14.69x2.13x9.06x5.31% 47.45B
20.59x1.68x10.33x1.42% 39.79B
20.4x1.55x9.86x0.92% 38.85B
17.74x2.3x10.68x4.87% 36.84B
Average 4.45x 4.12x 20.21x 3.14% 76.94B
Weighted average by Cap. -1.49x 5.26x 25.43x 2.91%

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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  4. Valuation Arabian Internet and Communication Services Company