Stock MSPA MAROC TELECOM
Add to a list
To use this feature you must be a member
Log inSign up

Financials Maroc Telecom Börse Stuttgart

Equities

MSPA

MA0000011488

Integrated Telecommunications Services

Real-time Estimate Cboe Europe
Other stock markets
 03:05:09 2024-07-17 am EDT 		5-day change 1st Jan Change
8.275 EUR +2.80% Intraday chart for Maroc Telecom -2.42% -7.47%
Jul. 04 Moroccan Appeals Court Confirms Ruling Against Maroc Telecom Over Anti-Competitive Practices MT
Feb. 16 Itissalat Al-Maghrib S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 134,492 127,459 122,581 83,508 87,880 80,410 - -
Enterprise Value (EV) 1 151,807 144,999 136,875 99,778 104,158 94,516 92,665 90,533
P/E ratio 49.4 x 23.5 x 20.4 x 30.4 x 16.6 x 14.4 x 13.3 x 14.2 x
Yield 3.62% 2.77% 3.43% 2.31% 4.2% 4.47% 5.83% 5.99%
Capitalization / Revenue 3.68 x 3.47 x 3.43 x 2.34 x 2.39 x 2.16 x 2.14 x 2.13 x
EV / Revenue 4.16 x 3.94 x 3.82 x 2.79 x 2.83 x 2.54 x 2.47 x 2.39 x
EV / EBITDA 8.02 x 7.59 x 7.36 x 5.4 x 5.38 x 4.83 x 4.74 x 4.63 x
EV / FCF 20.7 x 20.9 x 16.6 x 20.2 x 20.5 x 14.5 x 15.3 x 12.7 x
FCF Yield 4.83% 4.79% 6.04% 4.94% 4.87% 6.89% 6.55% 7.88%
Price to Book 11.1 x 10 x 8.22 x 4.64 x 5.13 x 3.49 x 3.25 x 3.11 x
Nbr of stocks (in thousands) 879,031 879,031 879,031 879,031 878,798 878,798 - -
Reference price 2 153.0 145.0 139.4 95.00 100.0 91.50 91.50 91.50
Announcement Date 2/17/20 2/19/21 2/17/22 2/21/23 2/16/24 - - -
1MAD in Million2MAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 36,517 36,769 35,790 35,731 36,786 37,240 37,588 37,816
EBITDA 1 18,922 19,100 18,589 18,492 19,369 19,550 19,566 19,538
EBIT 1 8,231 12,018 11,573 8,987 10,859 10,472 12,062 12,015
Operating Margin 22.54% 32.69% 32.34% 25.15% 29.52% 28.12% 32.09% 31.77%
Earnings before Tax (EBT) 1 7,428 9,661 10,608 8,243 9,999 11,248 11,536 11,828
Net income 1 2,726 5,423 6,008 2,750 5,283 5,021 5,949 6,101
Net margin 7.47% 14.75% 16.79% 7.7% 14.36% 13.48% 15.83% 16.13%
EPS 2 3.100 6.170 6.830 3.130 6.010 6.370 6.877 6.425
Free Cash Flow 1 7,332 6,947 8,265 4,929 5,076 6,515 6,066 7,133
FCF margin 20.08% 18.89% 23.09% 13.79% 13.8% 17.5% 16.14% 18.86%
FCF Conversion (EBITDA) 38.75% 36.37% 44.46% 26.65% 26.21% 33.33% 31% 36.51%
FCF Conversion (Net income) 268.97% 128.1% 137.57% 179.24% 96.08% 129.76% 101.98% 116.91%
Dividend per Share 2 5.540 4.010 4.780 2.190 4.200 4.090 5.335 5.482
Announcement Date 2/17/20 2/19/21 2/17/22 2/21/23 2/16/24 - - -
1MAD in Million2MAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales 1 9,006 9,004 8,770 8,798 9,240 8,923 9,306 9,279 9,107 9,286 9,249
EBITDA 1 - 4,760 4,519 4,655 - 4,420 4,943 4,948 4,841 4,866 4,765
EBIT 1 - 3,083 2,813 2,928 - 2,568 3,161 3,178 - 3,055 2,928
Operating Margin - 34.24% 32.08% 33.28% - 28.78% 33.97% 34.25% - 32.9% 31.66%
Earnings before Tax (EBT) - - - - - - - - - - -
Net income - 1,590 - - - - - - 1,202 - -
Net margin - 17.66% - - - - - - 13.2% - -
EPS - - - - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 10/26/21 2/17/22 4/23/22 7/26/22 10/25/22 2/21/23 7/26/23 10/20/23 2/16/24 - -
1MAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 17,315 17,540 14,294 16,270 16,278 14,106 12,255 10,123
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.9151 x 0.9183 x 0.7689 x 0.8798 x 0.8404 x 0.7215 x 0.6263 x 0.5181 x
Free Cash Flow 1 7,332 6,947 8,265 4,929 5,076 6,515 6,066 7,133
ROE (net income / shareholders' equity) 43.5% 43.8% 43.5% 19.1% 34.1% 24% 29% 27.4%
ROA (Net income/ Total Assets) 9.5% 8.44% 9.59% 4.32% 8.06% 8% 8.2% 8.4%
Assets 1 28,707 64,254 62,661 63,656 65,536 62,762 72,544 72,633
Book Value Per Share 2 13.70 14.50 17.00 20.50 19.50 26.20 28.10 29.40
Cash Flow per Share - - - - - - - -
Capex 1 7,949 4,141 5,289 7,073 7,969 7,522 7,504 7,544
Capex / Sales 21.77% 11.26% 14.78% 19.8% 21.66% 20.2% 19.96% 19.95%
Announcement Date 2/17/20 2/19/21 2/17/22 2/21/23 2/16/24 - - -
1MAD in Million2MAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Maroc Telecom

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
91.5 MAD
Average target price
104.1 MAD
Spread / Average Target
+13.74%
Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Integrated Telecommunications Services

1st Jan change Capi.
CHINA MOBILE LIMITED Stock China Mobile Limited
+16.44% 216B
VERIZON COMMUNICATIONS Stock Verizon Communications
+9.95% 174B
DEUTSCHE TELEKOM AG Stock Deutsche Telekom AG
+9.47% 128B
NIPPON TELEGRAPH AND TELEPHONE CORPORATION Stock Nippon Telegraph and Telephone Corporation
-7.31% 83.35B
CHINA TELECOM CORPORATION LIMITED Stock China Telecom Corporation Limited
+24.87% 76.7B
AMÉRICA MÓVIL, S.A.B. DE C.V. Stock América Móvil, S.A.B. de C.V.
+2.86% 56.4B
SAUDI TELECOM COMPANY Stock Saudi Telecom Company
-3.71% 51.7B
CHARTER COMMUNICATIONS, INC. Stock Charter Communications, Inc.
-15.76% 47.16B
EMIRATES TELECOMMUNICATIONS GROUP COMPANY Stock Emirates Telecommunications Group Company
-17.72% 38.31B
Other Integrated Telecommunications Services
  1. Stock Market
  2. Equities
  3. IAM Stock
  4. MSPA Stock
  5. Financials Maroc Telecom