VODAFONE QATAR P.Q.S.C. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.7 QAR | -0.47% |
|
+1.25% | -10.85% |
| Apr. 24 | Transcript : Vodafone Qatar P.Q.S.C., Q1 2024 Earnings Call, Apr 24, 2024 | |
| Apr. 15 | Vodafone Qatar P.Q.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,903 | 5,660 | 7,046 | 6,700 | 8,061 | 7,186 | - | - |
| Enterprise Value (EV) 1 | 5,794 | 6,588 | 7,902 | 7,689 | 8,061 | 7,928 | 7,889 | 7,186 |
| P/E ratio | 34.1 x | 30.4 x | 21.6 x | 13.3 x | 14.9 x | 12.8 x | 11.9 x | 11.3 x |
| Yield | 4.31% | 3.73% | 3.6% | 6.31% | - | 6.67% | 7.25% | 7.65% |
| Capitalization / Revenue | 2.31 x | 2.57 x | 2.79 x | 2.19 x | 2.59 x | 2.25 x | 2.18 x | 2.12 x |
| EV / Revenue | 2.73 x | 2.99 x | 3.13 x | 2.51 x | 2.59 x | 2.48 x | 2.4 x | 2.12 x |
| EV / EBITDA | 8.17 x | 9.58 x | 7.98 x | 6.23 x | 6.27 x | 5.89 x | 5.69 x | 5.17 x |
| EV / FCF | 16.8 x | 30.6 x | 18.2 x | 20.9 x | - | 15 x | 13.4 x | 10.4 x |
| FCF Yield | 5.96% | 3.27% | 5.5% | 4.79% | - | 6.67% | 7.46% | 9.59% |
| Price to Book | 1.08 x | 1.26 x | 1.53 x | 1.39 x | - | 1.42 x | 1.37 x | 1.33 x |
| Nbr of stocks (in thousands) | 4,227,000 | 4,227,000 | 4,227,000 | 4,227,000 | 4,227,000 | 4,227,000 | - | - |
| Reference price 2 | 1.160 | 1.339 | 1.667 | 1.585 | 1.907 | 1.700 | 1.700 | 1.700 |
| Announcement Date | 2/3/20 | 2/2/21 | 2/3/22 | 1/26/23 | 1/25/24 | - | - | - |
1QAR in Million2QAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,125 | 2,200 | 2,526 | 3,066 | 3,111 | 3,197 | 3,290 | 3,387 |
| EBITDA 1 | 709 | 688 | 990.5 | 1,234 | 1,286 | 1,345 | 1,388 | 1,390 |
| EBIT 1 | 202.4 | 248.1 | 362.7 | 544 | 655 | 685 | 714.7 | 711 |
| Operating Margin | 9.53% | 11.28% | 14.36% | 17.74% | 21.05% | 21.43% | 21.72% | 20.99% |
| Earnings before Tax (EBT) 1 | 143.7 | 185.1 | 327.4 | 502 | 591 | 589.5 | 625.5 | 656 |
| Net income 1 | 144 | 185.1 | 327.4 | 502 | 540 | 570 | 609.3 | 646 |
| Net margin | 6.78% | 8.41% | 12.96% | 16.37% | 17.36% | 17.83% | 18.52% | 19.07% |
| EPS 2 | 0.0340 | 0.0440 | 0.0770 | 0.1190 | 0.1280 | 0.1333 | 0.1433 | 0.1500 |
| Free Cash Flow 1 | 345.4 | 215.6 | 434.5 | 368.4 | - | 528.5 | 588.5 | 689 |
| FCF margin | 16.25% | 9.8% | 17.2% | 12.02% | - | 16.53% | 17.89% | 20.34% |
| FCF Conversion (EBITDA) | 48.72% | 31.34% | 43.87% | 29.85% | - | 39.28% | 42.41% | 49.57% |
| FCF Conversion (Net income) | 239.87% | 116.48% | 132.71% | 73.39% | - | 92.72% | 96.58% | 106.66% |
| Dividend per Share 2 | 0.0500 | 0.0500 | 0.0600 | 0.1000 | - | 0.1133 | 0.1233 | 0.1300 |
| Announcement Date | 2/3/20 | 2/2/21 | 2/3/22 | 1/26/23 | 1/25/24 | - | - | - |
1QAR in Million2QAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 582.7 | 780.2 | 730.6 | 705.3 | 740.2 | 890 | 775.8 | 775 | 747.4 | 813 | 805.6 |
| EBITDA 1 | 239.9 | 294.2 | 289.2 | 276.3 | 275.4 | - | 306.8 | 301.8 | 304.2 | 336 | 336 |
| EBIT 1 | 69.8 | 138.6 | 117.6 | 119.2 | 127 | - | 147.9 | 144.4 | 147.8 | 214.9 | 177 |
| Operating Margin | 11.98% | 17.77% | 16.09% | 16.9% | 17.15% | - | 19.06% | 18.64% | 19.77% | 26.44% | 21.97% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 66.33 | 127 | - | - | - | - | 133.4 | 126.5 | 132.3 | 148 | - |
| Net margin | 11.38% | 16.27% | - | - | - | - | 17.19% | 16.32% | 17.7% | 18.2% | - |
| EPS 2 | - | - | 0.0250 | 0.0260 | 0.0280 | 0.0400 | 0.0320 | 0.0290 | - | 0.0350 | 0.0360 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/14/21 | 2/3/22 | 4/27/22 | 8/9/22 | 10/25/22 | 1/26/23 | 4/19/23 | 7/26/23 | 10/25/23 | 1/25/24 | - |
1QAR in Million2QAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 891 | 928 | 856 | 989 | - | 742 | 703 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.257 x | 1.349 x | 0.864 x | 0.8015 x | - | 0.5515 x | 0.5066 x | - |
| Free Cash Flow 1 | 345 | 216 | 434 | 368 | - | 529 | 589 | 689 |
| ROE (net income / shareholders' equity) | 3.15% | 4.11% | 7.2% | 10.6% | - | 11.4% | 11.9% | 12.3% |
| ROA (Net income/ Total Assets) | 2.12% | 2.66% | 4.78% | 7.06% | - | 7.8% | 8.3% | 8.6% |
| Assets 1 | 6,806 | 6,964 | 6,843 | 7,112 | - | 7,308 | 7,341 | 7,512 |
| Book Value Per Share 2 | 1.070 | 1.060 | 1.090 | 1.140 | - | 1.200 | 1.240 | 1.280 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 407 | 456 | 432 | 692 | - | 534 | 565 | 517 |
| Capex / Sales | 19.14% | 20.74% | 17.1% | 22.55% | - | 16.69% | 17.16% | 15.27% |
| Announcement Date | 2/3/20 | 2/2/21 | 2/3/22 | 1/26/23 | 1/25/24 | - | - | - |
1QAR in Million2QAR
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
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
1.7
QAR
Average target price
2.17
QAR
Spread / Average Target
+27.65%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.85% | 1.97B | |
| +2.26% | 193B | |
| -0.18% | 120B | |
| +23.66% | 72.46B | |
| -2.36% | 57.97B | |
| +24.90% | 23.92B | |
| +0.76% | 23.3B | |
| +9.95% | 16.07B | |
| -10.14% | 15.66B | |
| +4.97% | 9.6B |
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- Financials Vodafone Qatar P.Q.S.C.
