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 61.85
Low 60.30
High 61.85
Previous Close 62.05
Change (3M) 5.74 %
Change (6M) 1.84 %
Market Value 46,816.00
Avg. Volume (3M) 1,008,309.77
Avg. Turnover (3M) 60,650,715.91
Avg. Transaction (3M) 3,446.55
Change(12M) 19.22 %
YTD 13.86 %

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 :

Established in 2004 and commencing operations in 2005, the company holds the second license for wireless mobile telecommunications services within the Kingdom. Demonstrating a commitment to technological advancement, the organization launched 3.5G network services in 2006, followed by the introduction of 4G services in 2011 and the deployment of 5G network services in 2019. The company operates a mobile wireless network and fiber optic networks, including their extensions. Its activities also i...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 46,816.05
Shares Outstanding ((M)) 770.00
EPS ( Riyal) (TTM) 4.42
Book Value (BV) ( Riyal) (Latest announcement) 25.26
Recurring P/E 15.00
Price/book 2.41
Dividend Yield (%) (Last Year) 3.62
Return on Average Assets (%) (TTM) 8.67
Return on Average Equity (%) (TTM) 18.30
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 49,423.77
EV/adj EBITDA 6.86
EV/Revenues 2.63


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 %

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