TECOM GROUP |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.73 AED | +0.74% |
|
-0.36% | -0.73% |
| 05-15 | Dubai's Tecom Group to Invest AED1.7 Billion to Expand Dubai Property Portfolio | MT |
| 05-15 | Tecom Group Resumes Trading on Dubai Financial Market | MT |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 11,250 | 13,750 | 13,650 | - | - |
| Enterprise Value (EV) 1 | 14,331 | 13,750 | 16,435 | 16,074 | 15,716 |
| P/E ratio | 11.8 x | 12.5 x | 12.1 x | 11.1 x | 10.7 x |
| Yield | 3.56% | - | 5.86% | 6.08% | 7.23% |
| Capitalization / Revenue | 5.7 x | 6.34 x | 5.96 x | 5.72 x | 5.54 x |
| EV / Revenue | 7.26 x | 6.34 x | 7.18 x | 6.73 x | 6.38 x |
| EV / EBITDA | 10.6 x | 8.32 x | 9.2 x | 9.15 x | 8.52 x |
| EV / FCF | - | - | 9.86 x | 9.98 x | 9.32 x |
| FCF Yield | - | - | 10.1% | 10% | 10.7% |
| Price to Book | 1.88 x | - | 2.05 x | 1.94 x | 1.86 x |
| Nbr of stocks (in thousands) | 5,000,000 | 5,000,000 | 5,000,000 | - | - |
| Reference price 2 | 2.250 | 2.750 | 2.730 | 2.730 | 2.730 |
| Announcement Date | 10/02/23 | 31/01/24 | - | - | - |
1AED in Million2AED
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net sales 1 | 1,973 | 2,169 | 2,290 | 2,387 | 2,463 |
| EBITDA 1 | 1,347 | 1,654 | 1,786 | 1,756 | 1,845 |
| EBIT 1 | 960.6 | 1,259 | 1,364 | 1,366 | 1,448 |
| Operating Margin | 48.68% | 58.04% | 59.53% | 57.21% | 58.8% |
| Earnings before Tax (EBT) 1 | - | 1,078 | 1,133 | 1,274 | 1,343 |
| Net income 1 | - | 1,078 | 1,089 | 1,134 | 1,282 |
| Net margin | - | 49.71% | 47.54% | 47.49% | 52.03% |
| EPS 2 | 0.1900 | 0.2200 | 0.2260 | 0.2450 | 0.2545 |
| Free Cash Flow 1 | - | - | 1,667 | 1,610 | 1,686 |
| FCF margin | - | - | 72.77% | 67.46% | 68.46% |
| FCF Conversion (EBITDA) | - | - | 93.35% | 91.7% | 91.39% |
| FCF Conversion (Net income) | - | - | 153.05% | 142.07% | 131.58% |
| Dividend per Share 2 | 0.0800 | - | 0.1600 | 0.1660 | 0.1975 |
| Announcement Date | 10/02/23 | 31/01/24 | - | - | - |
1AED in Million2AED
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 490.3 | 493.7 | 513.8 | 535.1 | 540.9 | 579.4 | 564 | 560.1 | 566.1 | 605.7 | - | - |
| EBITDA 1 | 364.2 | 259.8 | 398.8 | 425.8 | 409.8 | 419.2 | 439.1 | 422.3 | 360.3 | 309.7 | 452.2 | 457.5 |
| EBIT 1 | 272 | 146.4 | 301.3 | 327.8 | 312.5 | 317.5 | 334.6 | 324.2 | 328.8 | 243.9 | 347.2 | 352.5 |
| Operating Margin | 55.48% | 29.66% | 58.64% | 61.25% | 57.78% | 54.79% | 59.32% | 57.88% | 58.08% | 40.27% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | 304.2 | - | - | - | - | - |
| Net income 1 | - | - | - | 229.4 | 283 | 310.7 | 292.5 | 454.7 | 312.5 | 297.9 | 306.1 | 244 |
| Net margin | - | - | - | 42.87% | 52.33% | 53.63% | 51.86% | 81.18% | 55.2% | 49.18% | - | - |
| EPS | 0.0400 | - | 0.0500 | - | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.0400 | - | - | - | - | - | 0.0800 | - | 0.0800 | - | 0.0800 |
| Announcement Date | 26/10/22 | 10/02/23 | 03/05/23 | 02/08/23 | 31/10/23 | 31/01/24 | 02/05/24 | - | - | - | - | - |
1AED in Million2AED
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Debt 1 | 3,081 | - | 2,785 | 2,424 | 2,066 |
| Net Cash position 1 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.288 x | - | 1.56 x | 1.38 x | 1.12 x |
| Free Cash Flow 1 | - | - | 1,667 | 1,610 | 1,686 |
| ROE (net income / shareholders' equity) | 12.5% | - | 17% | 17.6% | 17.6% |
| ROA (Net income/ Total Assets) | - | - | 7.6% | 8.1% | 8.3% |
| Assets 1 | - | - | 14,329 | 13,994 | 15,442 |
| Book Value Per Share 2 | 1.190 | - | 1.330 | 1.400 | 1.460 |
| Cash Flow per Share | - | - | - | - | - |
| Capex 1 | 593 | - | 492 | 400 | 280 |
| Capex / Sales | 30.03% | - | 21.48% | 16.74% | 11.37% |
| Announcement Date | 10/02/23 | 31/01/24 | - | - | - |
1AED in Million2AED
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
2.73
AED
Average target price
3.252
AED
Spread / Average Target
+19.11%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.73% | 3.69B | |
| +14.82% | 28.11B | |
| -6.39% | 27.28B | |
| +25.01% | 26.41B | |
| +13.66% | 24.87B | |
| +42.38% | 22.93B | |
| +15.26% | 21.18B | |
| -0.38% | 19.18B | |
| +23.27% | 16.19B | |
| -9.57% | 15.82B |
- Stock Market
- Equities
- TECOM Stock
- Financials TECOM Group
