Browsing by Author "Alsuhaibani, Ibrahim"

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Telefonica Investment Recommendation
(Queen Mary University of London, 2023-10-23) Alsuhaibani, Ibrahim; Faria, Goncalo
This dissertation aimed to conduct an equity valuation report on Telefonica, a Spanish based leading telecommunication operator. This was done by utilizing the discounted cash flow model, an intrinsic valuation method, to forecast Telefonica’s cash flows for the next 10 years until 2033, and then discount them back to the present value through the use of a weighted average cost of capital of 6.32% and growth of 3%. The DCF model indicated that Telefonica’s stock is undervalued by 33% when compared to Telefonica’s share price as of 30/06/2023, which amounted to 3.72 EUR. Additionally, relative valuation was also carried out through the use of three multiples: Price/Earnings, Price/Book, and Enterprise Value / Earnings before interest, tax, depreciation, and amortization. The results further supported our DCF findings, in which the use of both the P/E and P/B multiples resulted in Telefonica being undervalued. Moreover, sensitivity analysis of the enterprise value and the target price was conducted. Overall, the report finds that Telefonica is undervalued. Thus, the investment recommendation is BUY.
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The Impact of U.S. Public Opinion on U.S. Engagement with the Kingdom of Saudi Arabia
(Claremont Graduate University, 2024) Alsuhaibani, Ibrahim; Rogers, Melissa
This study analyzes the impact of public opinion on the United States’ relationship with Saudi Arabia, a 78-year ally. A limited number of studies exist on the effect of public opinion on their relationship as the United States and the Kingdom of Saudi Arabia do not share many values and have different political cultures and religions. Therefore, my study offers an insight into a dynamic that has seen little to no attention. The structure of the study also provides a perspective of the relationship of both Congress and the office of the Presidency to the Kingdom. The analysis provides further insight into the role of public attitudes, partisanship, elites, and the media may have on foreign policy decision-making. Ultimately, the study concludes that public opinion influences Congress’ legislature towards Saudi Arabia to some degree more so than the Office of the Presidency from 2001 to 2023. However, further examination of Congress and the President’s changing function and its receptivity to public opinion in the context of the relationship between the United States and Saudi Arabia would provide further information about the larger field of foreign policy decision-making.
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