Financials Palestine Telecommunications Company P.L.C

Equities

End-of-day quote Palestine Exchange Other stock markets 06:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
4.63 ^JOD	0.00%		-5.70%	-4.14%

Feb. 29	Palestine Telecommunications Company P.L.C Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Palestine Telecommunications Company P.L.C Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	500.2	741	721.3	635.7	609.4	-	-
Enterprise Value (EV) ¹	500.2	769.2	745.1	635.7	664.8	662.7	609.4
P/E ratio	11.6 x	11 x	11 x	14.7 x	16 x	16.5 x	-
Yield	-	7.1%	7.3%	-	4.75%	4.75%	4.75%
Capitalization / Revenue	-	2.16 x	2.34 x	2.27 x	2.36 x	2.4 x	2.35 x
EV / Revenue	-	2.24 x	2.41 x	2.27 x	2.58 x	2.61 x	2.35 x
EV / EBITDA	-	5.88 x	6.03 x	5.88 x	5.94 x	5.81 x	-
EV / FCF	-	7.05 x	21.3 x	-	18.9 x	21.3 x	-
FCF Yield	-	14.2%	4.7%	-	5.28%	4.69%	-
Price to Book	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	131,625	131,625	131,625	131,625	131,625	-	-
Reference price ²	3.800	5.630	5.480	4.830	4.630	4.630	4.630
Announcement Date	3/15/21	2/14/22	2/15/23	2/29/24	-	-	-

¹JOD in Million²JOD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	343.6	308.9	280.4	258	254	259
EBITDA ¹	-	130.9	123.6	108.1	112	114	-
EBIT ¹	-	82.34	76.53	58.72	51.5	51.5	-
Operating Margin	-	23.97%	24.77%	20.94%	19.96%	20.28%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income ¹	43.04	67.43	65.24	43.34	38.2	36.8	39
Net margin	-	19.63%	21.12%	15.45%	14.81%	14.49%	15.06%
EPS ²	0.3270	0.5120	0.4960	0.3290	0.2900	0.2800	-
Free Cash Flow ¹	-	109.1	35	-	35.1	31.1	-
FCF margin	-	31.75%	11.33%	-	13.6%	12.24%	-
FCF Conversion (EBITDA)	-	83.34%	28.31%	-	31.34%	27.28%	-
FCF Conversion (Net income)	-	161.78%	53.64%	-	91.88%	84.51%	-
Dividend per Share ²	-	0.4000	0.4000	-	0.2200	0.2200	0.2200
Announcement Date	3/15/21	2/14/22	2/15/23	2/29/24	-	-	-

¹JOD in Million²JOD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	28.2	23.8	-	55.4	53.3	-
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	0.2152 x	0.1929 x	-	0.4946 x	0.4675 x	-
Free Cash Flow ¹	-	109	35	-	35.1	31.1	-
ROE (net income / shareholders' equity)	-	14.7%	18.2%	-	17.5%	16.4%	16.7%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	26.8	59.5	-	54.3	54.3	-
Capex / Sales	-	7.81%	19.27%	-	21.05%	21.38%	-
Announcement Date	3/15/21	2/14/22	2/15/23	2/29/24	-	-	-

¹JOD in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

4.63 JOD

Average target price

4.7 JOD

Spread / Average Target

+1.51%

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NIPPON TELEGRAPH AND TELEPHONE CORPORATION	-2.38%	89.84B
CHINA TELECOM CORPORATION LIMITED	+17.65%	72.93B
AMÉRICA MÓVIL, S.A.B. DE C.V.	+2.80%	58.42B
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CHARTER COMMUNICATIONS, INC.	-34.49%	36.67B