Valuation : Maroc Telecom

Market Cap 9.03TCr 973.22Cr 838.62Cr 786.29Cr 717.77Cr 1.35TCr 93TCr 1.36TCr 9.33TCr 3.64TCr 47TCr 3.65TCr 3.57TCr 1,55700Cr P/E 2026 *
16.4x
P/E 2027 * 16.1x
Enterprise Value 11TCr 1.13TCr 977Cr 916.04Cr 836.21Cr 1.58TCr 1,08400Cr 1.58TCr 11TCr 4.24TCr 55TCr 4.26TCr 4.16TCr 1,81400Cr EV / Sales 2026 *
2.78x
EV / Sales 2027 * 2.79x
Free-Float
24.96%
Yield 2026 *
4.13%
Yield 2027 * 4.21%
1 week+0.21%
Current month+5.42%
1 month+4.71%
3 months+3.78%
6 months-6.60%
Current year-8.43%
1 week 9.34
Extreme 9.34
9.44
1 month 8.86
Extreme 8.86
9.44
Current year 8.68
Extreme 8.68
10.8
1 year 8.68
Extreme 8.68
11.6
3 years 7.13
Extreme 7.134
11.6
5 years 7.1
Extreme 7.1
13.9
10 years 7.1
Extreme 7.1
14.8
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.($)
0.00%+0.21% - - 980.51Cr
-0.06%-3.64%-10.94%+21.50% 22TCr
+1.36%+1.85%+13.17%+50.22% 21TCr
+1.17%-0.70%-10.03%+48.11% 16TCr
+0.24%+4.46%+6.84%+2.12% 8.6TCr
-0.41%+2.96%-16.32%+30.91% 8.2TCr
-0.60%+0.55%+7.31%+25.76% 7.06TCr
+0.13%+1.18%+6.08%+10.96% 5.94TCr
-0.22%+1.58%+4.64%+86.36% 5.79TCr
-0.37%-0.83%+19.01%+7.70% 5.1TCr
Average +0.12%+0.42%+2.20%+31.52% 11.04TCr
Weighted average by Cap. +0.37%-0.29%+0.04%+33.50%

Financials

2026 *2027 *
Net sales 3.78TCr 407.31Cr 350.98Cr 329.08Cr 300.4Cr 565.91Cr 39TCr 567.71Cr 3.9TCr 1.52TCr 20TCr 1.53TCr 1.5TCr 65TCr 3.78TCr 407.66Cr 351.28Cr 329.36Cr 300.66Cr 566.39Cr 39TCr 568.19Cr 3.91TCr 1.52TCr 20TCr 1.53TCr 1.5TCr 65TCr
Net income 552Cr 59Cr 51Cr 48Cr 44Cr 83Cr 5.68TCr 83Cr 570.09Cr 222.43Cr 2.87TCr 223.3Cr 218.44Cr 9.51TCr 563Cr 61Cr 52Cr 49Cr 45Cr 84Cr 5.8TCr 85Cr 581.45Cr 226.86Cr 2.93TCr 227.75Cr 222.79Cr 9.7TCr
Net Debt 1.49TCr 160.59Cr 138.38Cr 129.75Cr 118.44Cr 223.12Cr 15TCr 223.83Cr 1.54TCr 600.6Cr 7.75TCr 602.94Cr 589.82Cr 26TCr 1.54TCr 165.46Cr 142.58Cr 133.68Cr 122.03Cr 229.89Cr 16TCr 230.62Cr 1.59TCr 618.81Cr 7.98TCr 621.23Cr 607.71Cr 26TCr
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 9.340 0.00% 224
27/26/27 €9.340 0.00% 303
26/26/26 €9.340 -1.06% 587
25/26/25 €9.440 0.00% 518
24/26/24 €9.440 +0.64% 201
Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
103.20MAD
Average target price
108.07MAD
Spread / Average Target
+4.72%

Quarterly revenue - Rate of surprise