Etihad Etisalat Co (7020) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Etihad Etisalat Co SAR 76.77, price SAR 64.15, upside +19.7%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 24.39 SAR – 68.08 SAR · fair‑value band 57.58 SAR – 102.03 SAR · the 64.15 SAR price screens below the 76.77 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Etihad Etisalat Company, through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia. The company operates through Consumer, Business, Wholesale, and Others segments.
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Etihad Etisalat Company, through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia. The company operates through Consumer, Business, Wholesale, and Others segments. It manages, installs, and operates telephone networks, terminals, and communication unit systems; and sells and maintains mobile phones and communication unit systems. The company also offers information technology, application, billing and testing support, product marketing, process management, support, and call center; voice call, and mobile and fixed Internet; fixed connectivity, and cloud and data center; interconnection, transition, and roaming; outsourcing human resource; digital financial wallet services; consulting and office administration; and financial technology services. In addition, it is involved in the trading, import, and export of computer systems; and wholesale, retail, maintenance, and operation of computers and electronic equipment, as well as provision of related services. Further, the company invests funds in shares, bonds, and other securities; establishes, owns, and manages companies for the commercial, industrial, and service companies; and owns real estate, as well as owns and leases intellectual property rights, such as patents and trademarks, concessions, and other intangible rights. Additionally, it provides business postpaid, fiber net, data connect prepaid and postpaid, M2M and IOT, hosting and cloud, networks and information security, and digital hub services; and distributes phones, tablets, wearables, consoles, laptops, routers, and other accessories. Etihad Etisalat Company was incorporated in 2004 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Stock analysis
Etihad Etisalat Co (7020) currently trades at 64.15 SAR, while our model-based Fair Value estimate is 76.77 SAR, implying the stock looks roughly 16.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 90.98 SAR per share, and 17 of the 25 models we run sit above the 64.15 SAR price.
Bear case: the Asset-Based group reads lowest at 17.75 SAR, and 8 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: 57.58 SAR (bear) to 102.03 SAR (bull), the price of 64.15 SAR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Etihad Etisalat Co reported revenue of 19.6B SAR in FY2025 versus 14.8B SAR in FY2021, a compound +7.3%/yr. Reported net income was 3.5B SAR in FY2025, compounding +34.1%/yr from FY2021.
Key figures
Market cap 49.3B SAR (≈ $13.1B) · P/E ratio 13.5 · P/S ratio 2.38 · EPS (TTM) 4.75 SAR · Dividend yield 4.7% · Net margin 17.6% · Return on equity 18.1% · Return on assets (EBIT) 7.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 9% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 47% fair-value upside, at 20%, 7020 screens richer than that median.
Fair Value models
Bear 57.58 SARFair Value 76.77 SARBull 102.03 SAR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.28 SAR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.9%
Start year 2020 (pandemic). Over 10 years: +3.1% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ +27.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.0%
Dividend (yield on the price)4.7%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 20%
⚠ Rate on operating basis: 2025 sits 56% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−1.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (Saudi Arabia: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about −3.1% a year for the price and +3.9% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Telecom Services · 250 stocks
Beats the industry median on 14/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+21% · Above median
Profitability
Return on equity (TTM)18% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)18% · Top 25%
Operating margin (TTM)19% · Above median
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)4.7% · Above median
Balance sheet
Debt / equity0.26× · Below median
Valuation Multiplesvs Telecom Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Etihad Etisalat Co Fair Value". https://www.fairvalue-calculator.com/stock/7020
Frequently asked questions
Is Etihad Etisalat Co (7020) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 76.77 SAR versus a price of 64.15 SAR, about +20% upside (undervalued).
What is the fair value of 7020?
Our model-based fair value for Etihad Etisalat Co is 76.77 SAR (as of Sep 24, 2026), built from audited fundamentals. The current price: 64.15 SAR.
What is the quality score of 7020?
Etihad Etisalat Co has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Etihad Etisalat Co (7020)?
Our model-based price target is the fair value of 76.77 SAR (as of Sep 24, 2026) from 25 valuation models. Cautious scenario 57.58 SAR, optimistic scenario 102.03 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Etihad Etisalat Co stock forecast for 2026?
Our models put fair value at 76.77 SAR, about +20% upside versus a price of 64.15 SAR (undervalued). Cautious scenario 57.58 SAR, optimistic scenario 102.03 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Etihad Etisalat Co (7020)?
Etihad Etisalat Co reported trailing-twelve-month revenue of about 20.2B SAR (latest available figure, as of Sep 24, 2026).
Does Etihad Etisalat Co pay a dividend?
Etihad Etisalat Co currently shows a dividend yield of about 4.68% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Etihad Etisalat Co (7020)?
For today's price to be fair in a discounted-cash-flow model, Etihad Etisalat Co would have to grow free cash flow by -1.1 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 7020 use?
Our models discount Etihad Etisalat Co at 8.6 %: a base by market capitalisation (large), damped by beta 0.04, country premium for Saudi Arabia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Etihad Etisalat Co that is -1.1 % per year a year over ten years, using the same discount rate (8.6 %) and the same formula as our fair value.
How much growth has Etihad Etisalat Co (7020) delivered so far?
Over the past 5 years revenue at Etihad Etisalat Co grew +6.9 % a year. The price currently implies -1.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Etihad Etisalat Co (7020) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into Etihad Etisalat Co (-1.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Etihad Etisalat Co (7020)?
The free-cash-flow yield on the price is 7.93 %: that much free cash flow Etihad Etisalat Co produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Etihad Etisalat Co (7020)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Etihad Etisalat Co it is 76.77 SAR per share (as of Sep 24, 2026), against a price of 64.15 SAR. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Etihad Etisalat Co stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 7020 trades below its calculated fair value: price 64.15 SAR, fair value 76.77 SAR, a gap of about +20% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 7020?
No. The price is what the market pays today (64.15 SAR); the fair value is what the company's own numbers justify (76.77 SAR). For Etihad Etisalat Co the two are 12.62 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Etihad Etisalat Co worth?
The market values Etihad Etisalat Co at about 49.3B SAR (market capitalisation, as of Sep 24, 2026). Per share that is 64.15 SAR; our models calculate a fair value of 76.77 SAR per share.
What do the bullish and bearish scenarios say about 7020?
Our models span a range for Etihad Etisalat Co: cautious scenario 57.58 SAR, base 76.77 SAR, optimistic 102.03 SAR per share (as of Sep 24, 2026, price 64.15 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 7020?
Etihad Etisalat Co trades at a price-to-earnings ratio of 13.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 76.77 SAR is built from several models across several years. Other multiples: P/B 0.6, P/S 0.6, EV/EBITDA 2.0.
How solid is the balance sheet of Etihad Etisalat Co (7020)?
Balance-sheet figures for Etihad Etisalat Co (as of Sep 24, 2026): return on equity 18.1%, debt of 0.26 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 7020 from its 52-week high?
Etihad Etisalat Co trades at 64.15 SAR, about 6% below its 52-week high of 68.08 SAR and 9% above the low of 58.66 SAR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 76.77 SAR is for.
Which stocks are comparable to Etihad Etisalat Co?
From the same area (Communication Services) we also value China Mobile Limited, T-Mobile US, Inc, Verizon Communications Inc, AT&T Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Etihad Etisalat Co stock attractive at the current price?
The data as of Sep 24, 2026: price 64.15 SAR, calculated fair value 76.77 SAR (+20%), Quality Score 65/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 7020 calculated?
We run Etihad Etisalat Co through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 76.77 SAR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Etihad Etisalat Co currently trades 20 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Etihad Etisalat Co (7020)?
The closing price on Sep 24, 2026 was 64.15 SAR. Our model-based fair value is 76.77 SAR, about +20% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Etihad Etisalat Co right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Etihad Etisalat Co
How large is the market capitalisation of Etihad Etisalat Co (7020)?
The market capitalisation of Etihad Etisalat Co is 49.3B SAR (≈ $13.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Etihad Etisalat Co (7020)?
The price-to-sales ratio of Etihad Etisalat Co is 2.38 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Etihad Etisalat Co (7020)?
Earnings per share at Etihad Etisalat Co are 4.75 SAR (price ÷ EPS = P/E 13.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Etihad Etisalat Co (7020)?
The dividend yield of Etihad Etisalat Co is 4.7% (payout 63.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Etihad Etisalat Co (7020)?
The net margin of Etihad Etisalat Co is 17.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Etihad Etisalat Co (7020)?
The return on equity (ROE) of Etihad Etisalat Co is 18.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Etihad Etisalat Co (7020)?
On an EBIT basis the return on assets of Etihad Etisalat Co is 7.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Etihad Etisalat Co (7020)?
The operating margin of Etihad Etisalat Co is 19.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Etihad Etisalat Co (7020)?
Revenue at Etihad Etisalat Co is growing +5.2% versus a year earlier (3y avg +7.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Etihad Etisalat Co (7020)?
Earnings per share at Etihad Etisalat Co are growing +8.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Etihad Etisalat Co (7020) carry?
The net debt of Etihad Etisalat Co is 8.6B SAR (fiscal year 2025, ≈ 2.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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