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Sunday, November 22 - 2009

Jordan Telecom

Name Jordan Telecom
Sector Telecom - Telecom contactors
Trading ASE
RIC Code JTEL.AM
Location JORDAN

Profile and Background

Jordan Telecom is the leading provider of telecommunications services in Jordan. Apart from being the sole fixed-line telephone service provider in the country, JTel owns MobileCom, GlobalOne, and E-dimension.

MobileCom is a wholly-owned subsidiary and one of two mobile telecommunications providers in the country. The 2 remaining subsidiaries provide internet, data and related services to residential and business customers.

Jordan Telecom was established in 1971 as a state-owned monopoly provider of telecommunications services. In 1997 the company was incorporated by the Jordanian government as a wholly owned public limited company as part of a privatization initiative.

In 2000, the government sold 40% of JTel to JITCO, and entered into an agreement with a subsidiary of France Telecom to manage operations for 5 years. A further 8% was sold to the Social Security Company.

The IPO of Jordan Telecom in October 2002 offered 37.5 m shares, or 11% of the company to the public.

Shareholding Groups

Individuals N/A
Institutions 40%
Floating 10%
Government 37%

Stock Performance

Jordan Telecom Stock Performance

Market Information

Stock Jordan Index
Last Closing JOD 6.05 3797.41
YTD % 66.21% 44.7%
Weekly % -2.889% -0.77%
Year High JOD 6.51 4203.43
Year Low JOD 3.63 2624.42
52 Week High JOD 6.51 4203.43
52 Week Low JOD 2.4 1655.79
BETA 0.8741
Outstanding Shares 250,000,000
Market Cap JOD 1,512,500,000
Market Cap in $ USD $2,134,791,814
% of Jordan Market 8.37%
% of Sector 0.00%
Rank by Cap 2

Key Figures in '000 JOD

2003 2002 2001
Total Assets 564,430 556,258 579,511
Shareholder's Equity 314,312 323,708 328,845
NIAT 34,628 30,120 45,901
Dividends 45,000 37,000 N/A

Financial Ratios

2003 2002 2001
Assets Growth 1.47% -4.01% 9.73%
Earning Growth 14.97% -34.38% -22.95%
ROaA 6.18% 5.30% 8.29%
ROaE 10.86% 9.23% 13.43%
No. Of Shares 250,000,000 250,000,000
EPS 0.14 0.12 0.00
EPS Growth 14.97% -34.38% -22.95%
Payout Ratio 129.953 122.844 N/A

Valuation Ratios

Trailing
PE 43.68
PB 4.81
DVPS 0.18
Div Yield 2.98%
EV 555,000.00
EV/Equity 1.77
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