Mobily stock logs highest price since 2014

21/02/2024 Argaam Exclusive

Etihad Etisalat Co. (Mobily) recorded its highest stock price since November 2014, at SAR 57 per share, today, Feb. 21. 

Highest per Year (Riyal) Lowest per Year (Riyal)
57.00 35.50
Highest since listing (Riyal) Lowest since listing (Riyal)
119.00 12.94

The stock is trading 2% higher as nearly one million shares changed hands, so far. 

 

Accordingly, year-to-date gains surpassed 50%.   

Market Data :

Open 51.30
Low 50.80
High 51.70
Previous Close 51.60
Change (3M) (1.34 %)
Change (6M) 0.19 %
Market Value 39,809.00
Avg. Volume (3M) 999,476.58
Avg. Turnover (3M) 51,348,906.08
Avg. Transaction (3M) 3,743.54
Change(12M) 16.09 %
YTD 5.20 %

The company raised its capital twice since listing on Tadawul, as the following table shows: 

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%

Mobily’s profits grew 35% to SAR 2.23 billion by the end of 2023, compared to SAR 1.65 billion a year ago. Q4 2023’s profits hit nearly SAR 745.9 million. 

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) 39,809.00
Shares Outstanding ((M)) 770.00
EPS ( Riyal) (TTM) 3.34
Book Value (BV) ( Riyal) (Latest announcement) 23.07
Adjusted P/E (Last12) 15.14
Price/book 2.24
Dividend Yield (%) (Last Year) 2.80
Return on Average Assets (%) (TTM) 6.55
Return on Average Equity (%) (TTM) 15.03
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 43,210.58


Analyst Estimates :

59.02

Fair Average Price

5

Number of Recommendations

Rating Research firm Current Price Target Price Change
Buy Hermes 54.80 55.00 0.36 %
Overweight SNB Capital 52.70 61.60 16.89 %
Buy HSBC 52.10 65.00 24.76 %
Overweight Al Rajhi Capital 51.40 60.00 16.73 %
Hold YAQEEN 50.20 53.50 6.57 %

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