Valuation: Maroc Telecom

Market Cap 8.22TCr 838.48Cr 744.74Cr 696.46Cr 634.66Cr 1.19TCr 81TCr 1.21TCr 8.43TCr 3.26TCr 41TCr 3.15TCr 3.08TCr 1,32100Cr P/E 2026 *
14.9x
P/E 2027 * 14.6x
Enterprise Value 9.89TCr 1.01TCr 896.17Cr 838.07Cr 763.71Cr 1.44TCr 97TCr 1.46TCr 10TCr 3.92TCr 49TCr 3.79TCr 3.71TCr 1,58900Cr EV / Sales 2026 *
2.63x
EV / Sales 2027 * 2.57x
Free-Float
24.96%
Yield 2026 *
3.92%
Yield 2027 * 4.24%
1 day+2.43%
1 week+44.34%
Current month+46.25%
1 month+40.36%
3 months+49.55%
6 months+40.96%
Current year+21.56%
1 week 9.06
Extreme 9.06
13.25
1 month 9.06
Extreme 9.06
13.25
Current year 8.74
Extreme 8.74
13.25
1 year 8.74
Extreme 8.74
13.25
3 years 7.4
Extreme 7.4
13.25
5 years 7.4
Extreme 7.4
13.25
10 years 7.4
Extreme 7.4
14.61
Manager TitleAgeSince
Chief Executive Officer 65 01/03/2025
Director of Finance/CFO - -
Chief Tech/Sci/R&D Officer 64 05/12/2014
Director TitleAgeSince
Director/Board Member - 21/07/2017
Director/Board Member - -
Chairman - 25/10/2021
Change 5-day change 1-year change 3-year change Capi.($)
+2.43%+44.34% - - 865.53Cr
+0.13%+0.82%-5.98%+20.93% 22TCr
+0.24%-2.83%+4.91%+41.87% 19TCr
-0.15%-2.83%-10.13%+31.22% 14TCr
-0.53%-3.09%+9.50%-3.14% 8.89TCr
-.--%+2.04%-15.35%+14.67% 8.06TCr
-1.20%-1.81%-0.99%+25.78% 6.4TCr
0.00%-2.11%-3.04%+13.67% 5.68TCr
+0.70%-0.23%+4.13%+76.54% 5.43TCr
-2.12%-3.64%+12.53%+3.72% 5.13TCr
Average -0.07%-1.29%-0.49%+25.03% 10.58TCr
Weighted average by Cap. -0.16%-1.05%-1.68%+26.02%

Financials

2026 *2027 *
Net sales 3.76TCr 383.41Cr 340.54Cr 318.46Cr 290.21Cr 546.36Cr 37TCr 553.87Cr 3.85TCr 1.49TCr 19TCr 1.44TCr 1.41TCr 60TCr 3.79TCr 386.5Cr 343.29Cr 321.04Cr 292.55Cr 550.77Cr 37TCr 558.34Cr 3.88TCr 1.5TCr 19TCr 1.45TCr 1.42TCr 61TCr
Net income 552Cr 56Cr 50Cr 47Cr 43Cr 80Cr 5.42TCr 81Cr 566.13Cr 219.16Cr 2.76TCr 211.53Cr 206.94Cr 8.87TCr 563Cr 57Cr 51Cr 48Cr 43Cr 82Cr 5.53TCr 83Cr 577.41Cr 223.52Cr 2.82TCr 215.74Cr 211.07Cr 9.05TCr
Net Debt 1.67TCr 170.49Cr 151.43Cr 141.62Cr 129.05Cr 242.96Cr 16TCr 246.3Cr 1.71TCr 663.2Cr 8.36TCr 640.12Cr 626.24Cr 27TCr 1.53TCr 156.55Cr 139.05Cr 130.04Cr 118.5Cr 223.09Cr 15TCr 226.16Cr 1.57TCr 608.97Cr 7.68TCr 587.77Cr 575.03Cr 25TCr
Logo Maroc Telecom
Maroc Telecom is Morocco's No. 1 telecommunications operator. Net sales (including intra-group) break down by activity as follows: - mobile telephony (72.4%): 19.2 million customers in Morocco at the end of 2025, distributed between customers with prepaid cards (16.5 million) and with post-paid subscriptions (2.8 million). At the end of 2025, the group owned 11,071 base stations; - fixed telephony and Internet (27.6%): fixed telephony services (1.6 million lines installed in Morocco as of the end of 2025), interconnection services, data transmission, and Internet access (1,419,000 subscribers). Products and services are marketed through a network of 377 owned branches, more than 70,000 group-approved points of sale (tobacconists, local shops, etc.) and independent distribution channels. 50.6% of net sales (including intra-group) are abroad.
Employees
7,933
Date Price Change Volume
28/26/28 €9.060 -1.31% 1
Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
93.45MAD
Average target price
109.40MAD
Spread / Average Target
+17.07%

Quarterly revenue - Rate of surprise