Itissalat Al-Maghrib (IAM) S.A.

CBSE:IAM Stock Report

Market Cap: د.م89.6b

Itissalat Al-Maghrib (IAM) Valuation

Is IAM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • PM vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IAM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IAM (MAD102) is trading above our estimate of fair value (MAD82.72)

Significantly Below Fair Value: IAM is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for IAM?

Other financial metrics that can be useful for relative valuation.

IAM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA6.5x
PEG Ratio4.8x

Price to Earnings Ratio vs Peers

How does IAM's PE Ratio compare to its peers?

The above table shows the PE ratio for IAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16x
6823 HKT Trust and HKT
14.3x2.8%HK$71.5b
9.7x9.7%₩9.8t
O2D Telefónica Deutschland Holding
28.3x5.8%€7.1b
ORDS Ooredoo Q.P.S.C
11.6x6.7%ر.ق34.9b
IAM Itissalat Al-Maghrib (IAM)
17x3.6%د.م89.6b

Price-To-Earnings vs Peers: IAM is expensive based on its Price-To-Earnings Ratio (17x) compared to the peer average (16x).


Price to Earnings Ratio vs Industry

How does IAM's PE Ratio compare vs other companies in the Global Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: IAM is expensive based on its Price-To-Earnings Ratio (17x) compared to the Global Telecom industry average (15.7x).


Price to Earnings Ratio vs Fair Ratio

What is IAM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IAM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17x
Fair PE Ration/a

PM vs Fair Ratio: Insufficient data to calculate IAM's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IAM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.م102.00
د.م103.43
+1.4%
1.3%د.م105.40د.م102.00n/a4
Feb ’25د.م94.00
د.م107.33
+14.2%
3.8%د.م113.00د.م104.00n/a3
Jan ’25د.م100.00
د.م107.33
+7.3%
3.8%د.م113.00د.م104.00n/a3
Dec ’24د.م92.30
د.م103.40
+12.0%
12.1%د.م120.00د.م85.00n/a5
Nov ’24د.م96.00
د.م106.40
+10.8%
14.8%د.م128.00د.م85.00n/a5
Oct ’24د.م101.00
د.م106.40
+5.3%
14.8%د.م128.00د.م85.00n/a5
Sep ’24د.م106.00
د.م106.40
+0.4%
14.8%د.م128.00د.م85.00n/a5
Aug ’24د.م110.50
د.م106.40
-3.7%
14.8%د.م128.00د.م85.00n/a5
Jul ’24د.م95.00
د.م105.92
+11.5%
14.3%د.م126.00د.م85.00n/a5
Jun ’24د.م87.40
د.م105.92
+21.2%
14.3%د.م126.00د.م85.00n/a5
May ’24د.م81.05
د.م122.87
+51.6%
2.1%د.م126.00د.م119.60n/a3
Apr ’24د.م85.00
د.م122.20
+43.8%
1.5%د.م124.00د.م119.60n/a3
Mar ’24د.م92.00
د.م129.40
+40.7%
6.6%د.م141.00د.م119.60n/a4
Feb ’24د.م95.00
د.م130.15
+37.0%
7.4%د.م144.00د.م119.60د.م94.004
Jan ’24د.م95.00
د.م130.15
+37.0%
7.4%د.م144.00د.م119.60د.م100.004
Dec ’23د.م104.00
د.م137.80
+32.5%
7.5%د.م150.20د.م123.00د.م92.304
Nov ’23د.م102.40
د.م137.80
+34.6%
7.5%د.م150.20د.م123.00د.م96.004
Oct ’23د.م114.30
د.م139.80
+22.3%
6.2%د.م150.20د.م129.00د.م101.004
Sep ’23د.م121.55
د.م139.80
+15.0%
6.2%د.م150.20د.م129.00د.م106.004
Aug ’23د.م118.95
د.م144.40
+21.4%
7.6%د.م154.00د.م129.00د.م110.503
Jul ’23د.م119.00
د.م145.67
+22.4%
6.3%د.م154.00د.م133.00د.م95.003
Jun ’23د.م125.95
د.م149.25
+18.5%
6.7%د.م160.00د.م133.00د.م87.404
May ’23د.م134.00
د.م149.25
+11.4%
6.7%د.م160.00د.م133.00د.م81.054
Apr ’23د.م129.85
د.م152.44
+17.4%
5.4%د.م164.00د.م143.00د.م85.005
Mar ’23د.م132.30
د.م152.44
+15.2%
5.4%د.م164.00د.م143.00د.م92.005
Feb ’23د.م138.50
د.م152.00
+9.7%
4.2%د.م160.00د.م145.00د.م95.005

Analyst Forecast: Target price is less than 20% higher than the current share price.


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