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- Maroc Telecom
Maroc Telecom Valuation Multiples
Discover revenue and EBITDA valuation multiples for Maroc Telecom and similar public comparables like Bharti Hexacom, CelcomDigi, Frontier Comms Parent Inc, Quebecor and more.
Maroc Telecom Overview
About Maroc Telecom
Maroc Telecom SA telecommunications operator in the Kingdom of Morocco. The company provides a wide range of services covering Fixed-Line and Mobile communications, data transfer, and other value-added services. It operates in the Fixed-Line telephony, Mobile telephony and Internet segments. The Fixed-Line and Mobile operating segments are combined within the Services Division (DGS) and the Networks and Systems Division. The company derives majority revenues from Morocco.
Founded
1998
HQ

Employees
8.5K
Website
Sectors
Financials (LTM)
EV
$11B
Maroc Telecom Financials
Maroc Telecom reported last 12-month revenue of $4B and EBITDA of $2B.
In the same LTM period, Maroc Telecom generated $3B in gross profit, $2B in EBITDA, and $748M in net income.
Revenue (LTM)
Maroc Telecom P&L
In the most recent fiscal year, Maroc Telecom reported revenue of $4B and EBITDA of $2B.
Maroc Telecom expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 86% | XXX | 81% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | 48% | XXX | XXX | XXX |
| EBIT Margin | 33% | XXX | 31% | XXX | XXX | XXX |
| Net Profit | $748M | XXX | $192M | XXX | XXX | XXX |
| Net Margin | 19% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Maroc Telecom Stock Performance
Maroc Telecom has current market cap of $9B, and enterprise value of $11B.
Market Cap Evolution
Maroc Telecom's stock price is $10.14.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $9B | -0.1% | XXX | XXX | XXX | $0.22 |
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Start Free TrialMaroc Telecom Valuation Multiples
Maroc Telecom trades at 2.9x EV/Revenue multiple, and 5.6x EV/EBITDA.
EV / Revenue (LTM)
Maroc Telecom Financial Valuation Multiples
As of March 20, 2026, Maroc Telecom has market cap of $9B and EV of $11B.
Equity research analysts estimate Maroc Telecom's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Maroc Telecom has a P/E ratio of 11.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | 2.8x | XXX | XXX | XXX |
| EV/EBITDA | 5.6x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBIT | 8.7x | XXX | 9.0x | XXX | XXX | XXX |
| EV/Gross Profit | 3.3x | XXX | 3.5x | XXX | XXX | XXX |
| P/E | 11.9x | XXX | 46.3x | XXX | XXX | XXX |
| EV/FCF | 18.5x | XXX | (1628.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Maroc Telecom Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Maroc Telecom Margins & Growth Rates
Maroc Telecom's revenue in the last 12 month grew by 1%.
Maroc Telecom's revenue per employee in the last FY averaged $0.5M.
Maroc Telecom's rule of 40 is 52% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Maroc Telecom's rule of X is 54% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Maroc Telecom Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | 48% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 52% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 54% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 61% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Maroc Telecom Public Comps
See public comps and valuation multiples for other Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Bharti Hexacom | XXX | XXX | XXX | XXX | XXX | XXX |
| CelcomDigi | XXX | XXX | XXX | XXX | XXX | XXX |
| Frontier Comms Parent Inc | XXX | XXX | XXX | XXX | XXX | XXX |
| Quebecor | XXX | XXX | XXX | XXX | XXX | XXX |
| OTE | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Maroc Telecom M&A Activity
Maroc Telecom acquired XXX companies to date.
Last acquisition by Maroc Telecom was on XXXXXXXX, XXXXX. Maroc Telecom acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Maroc Telecom
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMaroc Telecom Investment Activity
Maroc Telecom invested in XXX companies to date.
Maroc Telecom made its latest investment on XXXXXXXX, XXXXX. Maroc Telecom invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Maroc Telecom
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Maroc Telecom
| When was Maroc Telecom founded? | Maroc Telecom was founded in 1998. |
| Where is Maroc Telecom headquartered? | Maroc Telecom is headquartered in Morocco. |
| How many employees does Maroc Telecom have? | As of today, Maroc Telecom has over 8K employees. |
| Is Maroc Telecom publicly listed? | Yes, Maroc Telecom is a public company listed on Casablanca Stock Exchange. |
| What is the stock symbol of Maroc Telecom? | Maroc Telecom trades under IAM ticker. |
| When did Maroc Telecom go public? | Maroc Telecom went public in 2004. |
| Who are competitors of Maroc Telecom? | Maroc Telecom main competitors are Bharti Hexacom, CelcomDigi, Frontier Comms Parent Inc, Quebecor. |
| What is the current market cap of Maroc Telecom? | Maroc Telecom's current market cap is $9B. |
| What is the current revenue of Maroc Telecom? | Maroc Telecom's last 12 months revenue is $4B. |
| What is the current revenue growth of Maroc Telecom? | Maroc Telecom revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Maroc Telecom? | Current revenue multiple of Maroc Telecom is 2.9x. |
| Is Maroc Telecom profitable? | Yes, Maroc Telecom is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Maroc Telecom? | Maroc Telecom's last 12 months EBITDA is $2B. |
| What is Maroc Telecom's EBITDA margin? | Maroc Telecom's last 12 months EBITDA margin is 51%. |
| What is the current EV/EBITDA multiple of Maroc Telecom? | Current EBITDA multiple of Maroc Telecom is 5.6x. |
| What is the current FCF of Maroc Telecom? | Maroc Telecom's last 12 months FCF is $611M. |
| What is Maroc Telecom's FCF margin? | Maroc Telecom's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of Maroc Telecom? | Current FCF multiple of Maroc Telecom is 18.5x. |
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