Equity Valuation of Zain
Equity Valuation of Zain. RUW Students Research. Zain’s business description. Established in 19 th of April 2003. It was the second telecommunications company in Bahrain after Batelco . Public offering of new shares of 15% on the company’s capital.
Equity Valuation of Zain
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Equity Valuation of Zain RUW Students Research
Zain’s business description • Established in 19th of April 2003. • It was the second telecommunications company in Bahrain after Batelco. • Public offering of new shares of 15% on the company’s capital. • 48,000,000 shares will be issued with the price of 0.190 fils per share.
Strengths: • Strong brand positioning and recognition. • Strategic partnership. • Diversified product portfolio. • It’s relationship with the parent company. • It’s culture of new innovative products and services. • Experienced management team.
Recommendation: BUY!
Valuation Methods: • Discounted cash flow Valuation - Target price: BHD 0.202. • Dividend discount model - Target price: BHD 0.463. • Sector Comparables valuation - Target price: BHD 0.557.