-1.25%
1.94%
-4.82%
-4.24%
-8.14%
-39.69%
-41.48%
AI Spotlight on IAM
Company Description
Itissalat Al-Maghrib (IAM) S.A., together with its subsidiaries, provides various telecommunication services in Morocco and internationally.It offers mobile, fixed-line, Internet, and fixed-line broadband telecommunication services, as well as sells mobile terminals, broadband equipment, and connected objects and accessories.The company was founded in 1998 and is based in Rabat, Morocco.
As of October 28, 2021, Itissalat Al-Maghrib (IAM) S.A. operates as subsidiary of Emirates Telecommunications Group Company PJSC.
Market Data
| Last Price | 7.9 |
| Change Percentage | -1.25% |
| Open | 8 |
| Previous Close | 8 |
| Market Cap ( Millions) | 6945 |
| Volume | 721 |
| Year High | 9.4 |
| Year Low | 7.4 |
| M A 50 | 7.89 |
| M A 200 | 8.09 |
Financial Ratios
| FCF Yield | 7.72% |
| Dividend Yield | 0.95% |
| ROE | 8.56% |
| Debt / Equity | 127.64% |
| Net Debt / EBIDTA | 83.00% |
| Price To Book | 5.93 |
| Price Earnings Ratio | 57.34 |
| Price To FCF | 12.96 |
| Price To sales | 1.96 |
| EV / EBITDA | 4.96 |
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Telecommunication Goods and Services
Expected Growth : 1.0 %
What the company do ?
Telecommunication goods and services from Itissalat Al-Maghrib (IAM) S.A. provide mobile, fixed-line, and internet services to individuals and businesses in Morocco.
Why we expect these perspectives ?
IAM's 1.0% growth in Telecommunication Goods and Services is driven by increasing demand for mobile data and fixed broadband services, supported by Morocco's growing economy and rising middle class. Additionally, IAM's investments in 4G network expansion and fiber-optic infrastructure have improved service quality, attracting and retaining customers.
Itissalat Al-Maghrib (Iam) S.A. Products
| Product Range | What is it ? |
|---|---|
| Mobile Postpaid | A mobile phone service that offers a fixed monthly fee for a set amount of data, voice minutes, and SMS |
| Mobile Prepaid | A mobile phone service that allows users to pay in advance for a set amount of data, voice minutes, and SMS |
| Fixed Line | A traditional landline phone service that provides voice calls and internet access |
| Fiber Optic Internet | A high-speed internet service that uses fiber optic cables to provide fast and reliable internet access |
| 4G+ Mobile Internet | A high-speed mobile internet service that provides fast and reliable internet access on-the-go |
| IPTV | A television service that provides access to a range of TV channels and on-demand content over the internet |
| Cloud Services | A range of cloud-based services that provide scalable and flexible IT infrastructure and applications |
| Cybersecurity Services | A range of cybersecurity services that provide protection against cyber threats and attacks |
| Data Center Services | A range of data center services that provide secure and reliable hosting and management of IT infrastructure |
Itissalat Al-Maghrib (IAM) S.A.'s Porter Forces
Threat Of Substitutes
The threat of substitutes is moderate for IAM due to the presence of alternative telecommunications operators in Morocco, but the company's strong brand and wide coverage mitigate this threat.
Bargaining Power Of Customers
The bargaining power of customers is low for IAM due to the lack of switching options and the company's dominant market position.
Bargaining Power Of Suppliers
The bargaining power of suppliers is moderate for IAM due to the presence of multiple suppliers for network equipment and services, but the company's large scale of operations gives it some negotiating power.
Threat Of New Entrants
The threat of new entrants is low for IAM due to the high barriers to entry in the telecommunications industry, including the need for significant capital investment and regulatory approvals.
Intensity Of Rivalry
The intensity of rivalry is high for IAM due to the presence of multiple competitors in the Moroccan telecommunications market, leading to aggressive pricing and marketing strategies.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 50.41% |
| Debt Cost | 6.32% |
| Equity Weight | 49.59% |
| Equity Cost | 6.32% |
| WACC | 6.32% |
| Leverage | 101.65% |
Itissalat Al-Maghrib (IAM) S.A. : Quality Control
Itissalat Al-Maghrib (IAM) S.A. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| TIGO | Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial … |
| ELISA.HE | Elisa Oyj provides data communications and digital services. It operates in two segments, Consumer Customers and Corporate Customers segments. The company offers telecommunications and communications services, such as fixed and … |
| AAF.L | Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services to customers in Nigeria, East Africa, and Francophone Africa. It offers prepaid and postpaid wireless voice, international … |
| TELIA.ST | Telia Company AB (publ) provides communication services in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. The company offers mobile, broadband, television, and fixed-line services to businesses, individuals, families, and … |
| 1U1.DE | 1&1 AG, together with its subsidiaries, operates as a telecommunications provider in Germany. The company operates through Access and 5G segments. It provides broadband and mobile services; and wireless access … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Telia Company
A-Score
1-Year Total Return ->
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Elisa
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1-Year Total Return ->
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Airtel Africa
A-Score
1-Year Total Return ->
4
Millicom
A-Score
1-Year Total Return ->
5
Itissalat Al-Maghrib
A-Score
1-Year Total Return ->
6
