Mobily stock logs highest price since 2014
Etihad Etisalat Co. (Mobily) recorded its highest stock price since November 2014, at SAR 57 per share, today, Feb. 21.
| Year High (SAR) | Year Low (SAR) |
| 57.00 | 35.50 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 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 | 63.60 |
| Low | 62.65 |
| High | 64.20 |
| Previous Close | 63.80 |
| Change (3M) | 2.16 % |
| Change (6M) | (4.28 %) |
| Market Value | 49,126.00 |
| Avg. Volume (3M) | 999,696.77 |
| Avg. Turnover (3M) | 64,099,140.06 |
| Avg. Transaction (3M) | 3,446.05 |
| Change(12M) | (3.48 %) |
| YTD | (3.33 %) |
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 | Bonus Shares | 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 :
The company was established as a Saudi joint-stock company in Riyadh in 2004, with capital of SAR 5 billion, and commenced operational services one year after incorporation.
Activities and Business Segment
The company establishes and operates mobile wireless telecommunications networks and fiber-optic networks and their extensions, while managing, installing, and operating telephone networks, terminal equipment, and communication systems for consumer and corporate segments through its vari...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 49,126.05 |
| Shares Outstanding ((M)) | 770.00 |
| Recurring EPS ( Riyal) (TTM) | 4.68 |
| Book Value (BV) ( Riyal) (Latest announcement) | 27.11 |
| Recurring P/E (TTM) | 13.64 |
| Price/book | 2.35 |
| Dividend Yield (%) (Last Year) | 4.39 |
| Return on Average Assets (%) (TTM) | 8.88 |
| Return on Average Equity (%) (TTM) | 18.11 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 51,365.81 |
| EV/adj EBITDA | 6.49 |
| EV/ EBITDA | 6.49 |
| EV/Revenues | 2.55 |
Calendar :
-
27 June
Ex-dividend Date
- -
27 June
General Assembly
- -
15 July
Cash Dividend Distribution
- -
19 September
Ex-dividend Date
- -
06 October
Cash Dividend Distribution
- -
28 November
General Assembly
-
Analyst Estimates :
59.02
Fair Average Price
5
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | EFG-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 % |
Call Request
Comments Analysis: