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Emirates Telecom. Group Company (Etisalat Group) PJSC

ADX:ETISALATCommunicationsADX:FADGIADX:FADSI

AED 20.90−0.29%At closeAt close · Mon 19 Oct · Market cap $49.02B · Next earnings Tue 27 Oct

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Gross margin	46.3%	45.7%	45.8%	44.2%	42.4%	39.5%	−2.9 pts
Operating margin	25.0%	24.3%	24.6%	28.4%	32.3%	29.3%	−3.0 pts
Net margin	17.5%	17.5%	19.1%	19.2%	18.2%	19.7%	+1.5 pts
EBITDA margin	40.3%	39.7%	39.0%	42.5%	44.7%	43.9%	−0.7 pts
Return on equity	18.4%	19.6%	23.7%	24.2%	23.6%	27.8%	+4.2 pts
Return on assets	6.8%	7.3%	6.9%	7.0%	5.9%	7.0%	+1.1 pts
Return on capital employed	15.8%	15.4%	15.8%	15.9%	18.0%	18.3%	+0.3 pts
Debt / equity	0.6×	0.6×	1.2×	1.2×	1.6×	1.4×	−12.2%
Debt / assets	22.2%	22.1%	35.2%	35.6%	40.1%	35.7%	−4.4 pts
Interest coverage	6.1×	10.0×	5.5×	4.0×	3.7×	4.5×	+21.7%
Current ratio	1.0×	1.1×	0.9×	1.0×	0.8×	0.7×	−9.9%
Quick ratio	1.0×	1.1×	0.8×	1.0×	0.7×	0.7×	−10.0%
Cash ratio	0.3×	0.5×	0.1×	0.2×	0.1×	0.1×	−18.6%
Asset turnover	0.4×	0.4×	0.4×	0.4×	0.3×	0.4×	+10.0%
Inventory turnover	39.4×	38.7×	29.2×	27.5×	28.4×	33.9×	+19.2%
Receivables turnover	3.1×	3.2×	2.9×	2.7×	2.8×	3.1×	+9.6%
Dividend payout	93.1%	124.2%	80.3%	74.5%	75.4%	56.3%	−19.0 pts