Mobily closes at 9-year high

01/01/2024 Argaam Exclusive

Etihad Etisalat Co. (Mobily) jumped 2% to SAR 50 today, Jan. 1, closing at its highest level in nine years, after nearly 2.2 million shares were traded.

 

The stock hit an intraday high of SAR 52.70.

Year High (SAR) Year Low (SAR)
52.70 33.05
Highest Since Debut (SAR) Lowest Since Debut (SAR)
119.00 12.94

Since early 2023, Mobily has raised its gains to 40%.

Market Data :

Open 53.90
Low 53.60
High 55.00
Previous Close 53.60
Change (3M) 3.63 %
Change (6M) 5.04 %
Market Value 41,734.00
Avg. Volume (3M) 1,126,126.58
Avg. Turnover (3M) 58,030,091.52
Avg. Transaction (3M) 3,738.02
Change(12M) 15.44 %
YTD 10.50 %

The company changed its capital several times since listing on the Saudi market in 2004.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2013 Split   7,700.00 10.00%
2008 Right Issue   7,000.00 40.00%
2004 IPO   5,000.00 0.00%

Financial Performance :

Overview :

Etihad Etisalat Co. (Mobily) was established in 2004 as a Saudi joint stock company, with capital of SAR 5 billion. The company’s core activities include providing mobile phone services, as it is the second mobile operator in the Kingdom. It is also recognized as one of the region’s major telecom operators in the field of 3.5G broadband.    


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 41,734.00
Shares Outstanding ((M)) 770.00
EPS ( Riyal) (TTM) 3.73
Book Value (BV) ( Riyal) (Latest announcement) 23.24
Adjusted P/E (Last12) 14.93
Price/book 2.33
Dividend Yield (%) (Last Year) 2.68
Return on Average Assets (%) (TTM) 7.39
Return on Average Equity (%) (TTM) 16.51
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 45,268.68


Analyst Estimates :

49.92

Fair Average Price

6

Number of Recommendations

Rating Research firm Current Price Target Price Change
Hold YAQEEN 50.20 53.50 6.57 %
Neutral Al Rajhi Capital 44.80 53.00 18.30 %
Overweight AlJazira Capital 42.00 50.00 19.05 %
Aggregate U-Capital 45.50 49.00 7.69 %
Neutral Riyad Capital 45.50 45.00 (1.10 %)
Aggregate FAB Securities 44.05 49.00 11.24 %

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.