Itissalat Al-Maghrib (IAM) S.A
Research Itissalat Al-Maghrib (IAM) S.A (MSPA) on Bullrun: market cap EUR 7.91B, P/E 12.7, dividend yield 1.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMSPA
- ExchangeF
- CountryMorocco
- SectorCommunication Services
- IndustryTelecom Services
- CurrencyEUR
- Market capEUR 7.91B
- P/E12.7
- Dividend yield1.5%
- Financial periodFY2025
- RevenueMAD 37.84B
- Revenue growth-0.0%
- Net incomeMAD 6.97B
- Free cash flowMAD 9.10B
- Gross margin80.5%
Valuation Snapshot
latest market cap is EUR 7.91B; P/E is 12.7; dividend yield is 1.5%.
Peer valuation comparison
Latest P/E is 12.68x versus a Communication Services sector median of 16.6x (23.6% below).
Latest dividend yield is 1.48% versus a Communication Services sector median of 3.45% (57.1% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | MAD 37.84B | MAD 6.97B | MAD 9.10B | 80.5% | 7.93 | MAD 1.97B | MAD 19.60B | MAD 20.48B |
| FY2024 | MAD 37.85B | MAD 1.80B | -MAD 65.00M | 80.5% | 2.05 | MAD 1.98B | MAD 24.44B | MAD 14.91B |
| FY2023 | MAD 37.92B | MAD 5.28B | MAD 5.08B | 79.9% | 6.01 | MAD 1.01B | MAD 17.41B | MAD 17.13B |
| FY2022 | MAD 36.79B | MAD 2.75B | MAD 4.93B | 79.9% | 3.13 | MAD 1.87B | MAD 18.25B | MAD 13.90B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-23 | EUR 7.91B | 12.7 | 4.0% | 0.36 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.36 EUR, yield 1.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.13 MAD |
| FY2024 | 0.39 MAD |
| FY2023 | 0.2 MAD |
| FY2022 | 0.44 MAD |
| FY2021 | 0.37 MAD |
About Itissalat Al-Maghrib (IAM) S.A
Itissalat Al-Maghrib (IAM) S.A. provides various telecommunication solutions in Morocco and internationally. The company offers mobile packages; fixed telecom; internet services, such as optical fiber, mobile internet 4G+, ADSL, Vsat, internet leased line, web hosting, and 4G+ internet box; network solutions, including VPN IP, ethernet, leased connections; cloud and data center hosting services, including Microsoft 365, google workspace, DDOS security, and back up as a service solution;
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Frequently asked questions
What is Itissalat Al-Maghrib (IAM) S.A's market cap?
Itissalat Al-Maghrib (IAM) S.A's market capitalization is EUR 7.91B.
What is Itissalat Al-Maghrib (IAM) S.A's P/E ratio?
Itissalat Al-Maghrib (IAM) S.A's price-to-earnings (P/E) ratio is 12.7.
Does Itissalat Al-Maghrib (IAM) S.A pay a dividend?
Itissalat Al-Maghrib (IAM) S.A has a dividend yield of 1.5%.
What does Itissalat Al-Maghrib (IAM) S.A do?
Itissalat Al-Maghrib (IAM) S.A. provides various telecommunication solutions in Morocco and internationally. The company offers mobile packages; fixed telecom; internet services, such as optical fiber, mobile internet 4G+, ADSL, Vsat, internet leased line, web hosting, and 4G+ internet box; network solutions, including VPN IP, ethernet, leased connections; cloud and data center hosting services, including Microsoft 365, google workspace, DDOS security, and back up as a service solution; value-added services comprises of MT tracking, geolocation, audio conference, and mobility management.