Valuation: Maroc Telecom

Market Cap 8.83TCr 948.23Cr 820.22Cr 765.96Cr 702.65Cr 1.32TCr 90TCr 1.34TCr 8.99TCr 3.53TCr 45TCr 3.56TCr 3.48TCr 1,49500Cr P/E 2026 *
16x
P/E 2027 * 15.7x
Enterprise Value 10TCr 1.11TCr 958.59Cr 895.18Cr 821.2Cr 1.54TCr 1,05500Cr 1.57TCr 11TCr 4.12TCr 53TCr 4.16TCr 4.07TCr 1,74800Cr EV / Sales 2026 *
2.73x
EV / Sales 2027 * 2.74x
Free-Float
24.96%
Yield 2026 *
4.22%
Yield 2027 * 4.31%
1 day+0.22%
1 week+1.58%
Current month+1.58%
1 month+3.69%
3 months-3.64%
6 months-8.16%
Current year-11.76%
1 week 8.86
Extreme 8.86
9
1 month 8.68
Extreme 8.68
9
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.($)
+0.22%+1.58% - - 948.23Cr
-0.67%-2.15%-4.77%+25.73% 23TCr
+0.15%+0.53%+9.57%+44.67% 20TCr
-0.38%+8.52%-2.39%+54.57% 16TCr
-1.10%-5.06%-24.75%+15.09% 7.9TCr
+2.59%+4.00%+1.28%-0.94% 8.18TCr
-0.87%-7.43%+15.49%+19.19% 7.15TCr
-0.46%+0.56%+2.94%+8.45% 5.77TCr
-0.92%-3.38%+6.98%+73.68% 5.49TCr
+0.83%-0.69%+19.15%+63.08% 5.06TCr
Average -0.06%-0.35%+2.61%+33.73% 10.91TCr
Weighted average by Cap. -0.16%+0.34%+1.19%+34.27%

Financials

2026 *2027 *
Net sales 3.78TCr 405.74Cr 350.96Cr 327.75Cr 300.66Cr 565.5Cr 39TCr 574.49Cr 3.85TCr 1.51TCr 19TCr 1.52TCr 1.49TCr 64TCr 3.78TCr 406.08Cr 351.26Cr 328.03Cr 300.92Cr 565.98Cr 39TCr 574.97Cr 3.85TCr 1.51TCr 19TCr 1.52TCr 1.49TCr 64TCr
Net income 552Cr 59Cr 51Cr 48Cr 44Cr 83Cr 5.64TCr 84Cr 561.48Cr 220.38Cr 2.83TCr 222.48Cr 217.61Cr 9.34TCr 563Cr 60Cr 52Cr 49Cr 45Cr 84Cr 5.75TCr 86Cr 572.67Cr 224.77Cr 2.88TCr 226.91Cr 221.94Cr 9.53TCr
Net Debt 1.49TCr 159.97Cr 138.38Cr 129.22Cr 118.54Cr 222.96Cr 15TCr 226.5Cr 1.52TCr 595.06Cr 7.63TCr 600.72Cr 587.57Cr 25TCr 1.54TCr 164.82Cr 142.57Cr 133.14Cr 122.14Cr 229.72Cr 16TCr 233.37Cr 1.56TCr 613.11Cr 7.86TCr 618.94Cr 605.39Cr 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
07/26/07 €9.000 +0.22% 136
06/26/06 €8.980 +0.67% 151
05/26/05 €8.920 0.00% 1
04/26/04 €8.920 +0.68% 684
03/26/03 €8.860 0.00% 10
Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
100.50MAD
Average target price
108.07MAD
Spread / Average Target
+7.53%

Quarterly revenue - Rate of surprise