Financials Maroc Telecom Euronext Paris
Stocks
IAM
MA0000011488
Integrated Telecommunications Services
|
Real-time
Euronext Paris
04:06:17 2026-09-14 EDT
|
5-day change | 1st Jan Change | ||
| 9.220 EUR | +0.22% |
|
+1.32% | -9.61% |
| 07-22 | Itissalat Al-Maghrib S.A. Reports Earnings Results for the Half Year Ended June 30, 2026 | CI |
| 02-12 | Itissalat Al-Maghrib S.A. announces Annual dividend, payable on September 15, 2026 | CI |
Projected Income Statement: Maroc Telecom
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 35,790 | 35,731 | 36,786 | 36,699 | 36,681 | 37,565 | 37,868 | 38,377 |
| Change | - | -0.16% | 2.95% | -0.24% | -0.05% | 2.41% | 0.81% | 1.34% |
| EBITDA 1 | 18,589 | 18,492 | 19,369 | 19,197 | 18,493 | 19,470 | 19,363 | 19,178 |
| Change | - | -0.52% | 4.74% | -0.89% | -3.67% | 5.29% | -0.55% | -0.96% |
| EBIT 1 | 11,573 | 8,987 | 10,859 | 6,062 | 13,547 | 11,899 | 11,763 | 11,685 |
| Change | - | -22.35% | 20.83% | -44.18% | 123.47% | -12.17% | -1.14% | -0.67% |
| Interest Paid 1 | -876 | -743 | -859 | -1,111 | -1,013 | -971.5 | -952.3 | -883 |
| Earnings before Tax (EBT) 1 | 10,608 | 8,243 | 9,999 | 4,951 | 12,533 | 10,083 | 10,282 | 10,600 |
| Change | - | -22.29% | 21.3% | -50.49% | 153.14% | -19.55% | 1.97% | 3.09% |
| Net income 1 | 6,008 | 2,750 | 5,283 | 1,801 | 6,968 | 5,520 | 5,630 | 5,804 |
| Change | - | -54.23% | 92.11% | -65.91% | 286.9% | -20.78% | 1.99% | 3.09% |
| Announcement Date | 2/17/22 | 2/21/23 | 2/16/24 | 2/14/25 | 2/13/26 | - | - | - |
Forecast Balance Sheet: Maroc Telecom
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 14,294 | 16,270 | 16,278 | 22,374 | 17,439 | 16,705 | 15,339 | 16,799 |
| Change | - | 13.82% | 0.05% | 37.45% | -22.06% | -4.21% | -8.18% | 9.52% |
| Announcement Date | 2/17/22 | 2/21/23 | 2/16/24 | 2/14/25 | 2/13/26 | - | - | - |
Cash Flow Forecast: Maroc Telecom
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 5,289 | 7,073 | 7,969 | 7,073 | 9,404 | 8,609 | 9,205 | 9,559 |
| Change | - | 33.73% | 12.67% | -11.24% | 32.96% | -8.45% | 6.92% | 3.85% |
| Free Cash Flow (FCF) 1 | 8,265 | 4,929 | 5,076 | 4,929 | 9,095 | 6,879 | 4,418 | 3,525 |
| Change | - | -40.36% | 2.98% | -2.9% | 84.52% | -24.37% | -35.77% | -20.22% |
| Announcement Date | 2/17/22 | 2/21/23 | 2/16/24 | 2/14/25 | 2/13/26 | - | - | - |
Forecast Financial Ratios: Maroc Telecom
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 51.94% | 51.75% | 52.65% | 52.31% | 50.42% | 51.83% | 51.13% | 49.97% |
| EBIT Margin (%) | 32.34% | 25.15% | 29.52% | 16.52% | 36.93% | 31.68% | 31.06% | 30.45% |
| EBT Margin (%) | 29.64% | 23.07% | 27.18% | 13.49% | 34.17% | 26.84% | 27.15% | 27.62% |
| Net margin (%) | 16.79% | 7.7% | 14.36% | 4.91% | 19% | 14.69% | 14.87% | 15.12% |
| FCF margin (%) | 23.09% | 13.79% | 13.8% | 13.43% | 24.79% | 18.31% | 11.67% | 9.19% |
| FCF / Net Income (%) | 137.57% | 179.24% | 96.08% | 273.68% | 130.53% | 124.62% | 78.48% | 60.73% |
Profitability | ||||||||
| ROA | 9.59% | 4.32% | 8.06% | 2.65% | 9.53% | 7% | 7% | 7.1% |
| ROE | 43.48% | 19.09% | 34.06% | 11.24% | 39.38% | 24.4% | 22.5% | 21.33% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | 0.77x | 0.88x | 0.84x | 1.17x | 0.94x | 0.86x | 0.79x | 0.88x |
| Debt / Free cash flow | 1.73x | 3.3x | 3.21x | 4.54x | 1.92x | 2.43x | 3.47x | 4.77x |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 14.78% | 19.8% | 21.66% | 19.27% | 25.64% | 22.92% | 24.31% | 24.91% |
| CAPEX / EBITDA (%) | 28.45% | 38.25% | 41.14% | 36.84% | 50.85% | 44.22% | 47.54% | 49.84% |
| CAPEX / FCF (%) | 63.99% | 143.5% | 156.99% | 143.5% | 103.4% | 125.15% | 208.33% | 271.18% |
Items per share | ||||||||
| Cash flow per share 1 | - | - | - | - | - | - | - | - |
| Change | - | - | - | - | - | - | - | - |
| Dividend per Share 1 | 4.78 | 2.19 | 4.2 | 1.43 | 4 | 3.665 | 3.96 | 4.56 |
| Change | - | -54.18% | 91.78% | -65.95% | 179.72% | -8.38% | 8.05% | 15.15% |
| Book Value Per Share 1 | 16.96 | 20.48 | 19.48 | 16.96 | 23.29 | 28.36 | 30.24 | 32.25 |
| Change | - | 20.74% | -4.87% | -12.95% | 37.36% | 21.75% | 6.63% | 6.65% |
| EPS 1 | 6.83 | 3.13 | 6.01 | 2.05 | 7.93 | 6.28 | 6.4 | 6.6 |
| Change | - | -54.17% | 92.01% | -65.89% | 286.83% | -20.81% | 1.91% | 3.12% |
| Nbr of stocks (in thousands) | 879,031 | 879,031 | 878,798 | 879,095 | 879,095 | 879,095 | 879,095 | 879,095 |
| Announcement Date | 2/17/22 | 2/21/23 | 2/16/24 | 2/14/25 | 2/13/26 | - | - | - |
| 2026 * | 2027 * | |
|---|---|---|
| P/E | 15.3x | 15x |
| PBR | 3.39x | 3.17x |
| EV / Sales | 2.69x | 2.63x |
| Yield | 3.82% | 4.13% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
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Quarterly revenue - Rate of surprise
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