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The Screen · Communication Services · Telecom Services
Zain Group (Mobile Telecom)
ZAIN.KW · BOURSA KUWAIT · KWF · Market cap $2.6B
Mobile Telecommunications Company K.S.C.P., together with its subsidiaries, provides mobile telecommunication services in Kuwait, Jordan, Iraq, Bahrain, the Kingdom of Saudi Arabia, Lebanon, Sudan, and South Sudan.
FAIL · Does not pass the screen
609.00 KWF
Screen close, 2026-09-17 · not a live quote Last reviewed 18 days ago
Screened 2026-09-17 · the tape above runs as of 07:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
PRICE · FAIR-VALUE RANGE1M3M6MYTD1Y3Y5Y
What this means: price 609.00 against the desk's fair-value range, base estimate 315.30, over the last year.
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price609.00 KWF
Fair value315.30
Ethical score70.0/100
RatingAVOID
Our investment reviews on this name
2026-09-18Read Accumulation605.00+0.7% to today ✓
2026-08-19Read Markup605.00+0.7% to today ✓
2026-07-02Read Accumulation605.00+0.7% to today ✓
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Zain Group (Mobile Telecom) holds its Accumulation at $609.00. The statistical read favours the buyers, held for 5 days.
As held on the ledger · 2026-09-17
Phase
Accumulation
Quantitative state
The statistical read favours the buyers, held for 5 days
Price at the screen
$609.00
Valuation
10,150.00 trailing · 12,180.00 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.05
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio 36.2%; Revenue purity 5.1%
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
36.22%
Below 33%
Interest-bearing debt is 36.2% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
5.96%
Below 33%
Cash held in interest-bearing accounts and securities is 6.0% of assets, under the one-third limit.
Pass
Receivables
9.02%
Below 49%
Money owed to the company is 9.0% of assets, under the 49% limit.
Pass
Revenue purity
5.13%
Below 5%
5.1% of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Zain Group (Mobile Telecom)'s business is in a permissible area, but its interest-bearing debt is about 36% of the company, just over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-10-04. It updates when the underlying figures move, and past reads are kept below.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads AVOID: it trades above our $315.30 fair value estimate, 5.60% revenue growth.
Fair value range in KWF, drawn from the 2026-09-17 screen. The gold marker is the market price at the same screen. The price runs 48.2% above the base estimate.
Third-party analyst targets: 7 covering, consensus Buy. The average target sits +3% from the screen price.
Reading the gap · Both our model and the Street see limited upside at this price.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-17 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Why it gives us pause
At 12,180.0x forward earnings, the price already runs ahead of the business. It trades 48% above our $315.30 fair value, so you would be buying at a premium, not a discount.
The risks · The things to watch: its business and earnings are exposed to Kuwait and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ZAIN.KW trades on BOURSA KUWAIT (the company is based in Kuwait). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-02Accumulation$609.00+0.7%Entry 6
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 0.7% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 12% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 28%. Our forward projection puts the odds of a 10% gain over the next month near 6%. The street (7 analysts) rates it buy, with a mean price target of $648. Since the last review it its composite score eased.
The framework has shifted from markup to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 12% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 28%. Our forward projection puts the odds of a 10% gain over the next month near 6%. The street (7 analysts) rates it buy, with a mean price target of $648.
2026-08-19Markup · changed$605.00+0.0%Entry 4
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 12% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 28%. Our forward projection puts the odds of a 10% gain over the next month near 6%. The street (7 analysts) rates it buy, with a mean price target of $648.
2026-07-18Accumulation$605.00+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 12% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 28%. Our forward projection puts the odds of a 10% gain over the next month near 6%. The street (7 analysts) rates it buy, with a mean price target of $648.
2026-07-03Accumulation$605.00+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Accumulation$605.00Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
What Holding Actually Paid · Price Plus Dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$581.00
+5.2%
·
$1,052
+5.2%
2 months
$570.00
+7.2%
·
$1,072
+7.2%
3 months
$564.00
+8.3%
·
$1,083
+8.3%
6 months
$522.00
+17.1%
·
$1,171
+17.1%
1 year
$478.97
+27.6%
$35.00
$1,349
+34.9%
2 years
$449.94
+35.8%
$70.00
$1,514
+51.4%
3 years
$511.89
+19.4%
$105.00
$1,399
+39.9%
5 years
$590.81
+3.4%
$173.00
$1,327
+32.7%
Historical returns from market close data. Past performance does not guarantee future results.
The Ledger's Promise
This entry now belongs to the ledger. Whatever ZAIN.KW does next, these words stay.
Zain Group (Mobile Telecom) · ZAIN.KW · Accumulation · $609.00
Recorded 2026-09-17 · before the outcome · scored mechanically