Maroc Telecom (CAS:IAM) Intrinsic Value: Projected FCF: MAD82.96 (As of Aug. 25, 2026)

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Director of Data and Quant Analytics at GuruFocus
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CAS:IAM Maroc Telecom SA CAS:IAM
79 GF Score
Price MAD103.00
GF Value MAD99.08
Valuation Fairly Valued
! 5 Warning Signs
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What is Maroc Telecom Intrinsic Value: Projected FCF?

Maroc Telecom CAS:IAM +1.88% 79 Intrinsic Value: Projected FCF is MAD82.96 as of Aug. 25, 2026. GuruFocus rates CAS:IAM with a GF Score™ of 79/100 and a GF Value™ of MAD99.08 (Fairly Valued). The stock has 5 warning signs investors should review. Among 268 Telecommunication Services companies, Maroc Telecom ranks worse than 64.18% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-25), Maroc Telecom's Intrinsic Value: Projected FCF is MAD82.96. The stock price of Maroc Telecom is MAD103.00. Therefore, Maroc Telecom's Price-to-Intrinsic-Value-Projected-FCF of today is 1.2.

The historical rank and industry rank for Maroc Telecom's Intrinsic Value: Projected FCF or its related term are showing as below:

CAS:IAM' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.1   Med: 1.43   Max: 1.73
Current: 1.24

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Maroc Telecom was 1.73. The lowest was 1.10. And the median was 1.43.

CAS:IAM's Price-to-Projected-FCF is ranked worse than
64.18% of 268 companies
in the Telecommunication Services industry
Industry Median: 0.94 vs CAS:IAM: 1.24

Maroc Telecom  (CAS:IAM) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Maroc Telecom's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=103.00/82.962510797813
=1.24

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Maroc Telecom Intrinsic Value: Projected FCF Related Terms


Maroc Telecom Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Maroc Telecom's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Maroc Telecom Intrinsic Value: Projected FCF Chart

Maroc Telecom Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.35 86.43 86.03 73.79 82.96

Maroc Telecom Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 86.03 0.00 73.79 0.00 82.96

CAS:IAM vs VZ, TMUS, T: Intrinsic Value: Projected FCF Comparison

For the Telecom Services subindustry, Maroc Telecom's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Maroc Telecom Price-to-Projected-FCF vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Maroc Telecom's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Maroc Telecom's Price-to-Projected-FCF falls into.


CAS:IAM
79GF Score
Maroc Telecom SA CAS:IAM
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maroc Telecom Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Maroc Telecom's Free Cash Flow(6 year avg) = MAD5,939.86.

Maroc Telecom's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*5939.8571428571+20478*0.8)/879.095
=82.96

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of MAD82.96 mean?
Maroc Telecom (CAS:IAM) has a Intrinsic Value: Projected FCF of MAD82.96 as of Aug. 25, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Maroc Telecom and its competitors. According to the industry distribution chart, Maroc Telecom ranks #172 out of 268 companies in the Telecommunication Services industry, placing it in the top 64.2%.
Is Maroc Telecom's Intrinsic Value: Projected FCF too high?
Maroc Telecom's current Intrinsic Value: Projected FCF is MAD82.96. Based on the distribution chart, Maroc Telecom ranks #172 out of 268 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Maroc Telecom has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maroc Telecom's Intrinsic Value: Projected FCF compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Maroc Telecom ranks #172 out of 268 companies for Intrinsic Value: Projected FCF. This places Maroc Telecom in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.94. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Telecommunication Services company?
The median Intrinsic Value: Projected FCF among Telecommunication Services companies is 0.94, based on 268 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Maroc Telecom and its competitors. For the Telecommunication Services industry, the median Intrinsic Value: Projected FCF is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maroc Telecom's current Intrinsic Value: Projected FCF is MAD82.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maroc Telecom stock overvalued right now?
Based on GuruFocus' analysis, Maroc Telecom (CAS:IAM) is currently considered Fairly Valued. The stock's GF Value™ is MAD99.08, compared to a current price of MAD103.00 — trading 4% above its estimated fair value. The current Intrinsic Value: Projected FCF is MAD82.96. Maroc Telecom's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Maroc Telecom (CAS:IAM), the current Intrinsic Value: Projected FCF is MAD82.96 as of Aug. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Maroc Telecom (CAS:IAM) Overvalued in 2026?

Based on GuruFocus' analysis, Maroc Telecom stock appears to be overvalued. The current stock price of MAD103.00 is trading 4% above its estimated GF Value™ of MAD99.08. GuruFocus considers Maroc Telecom to be Fairly Valued.

Key valuation signals for CAS:IAM:

  • Intrinsic Value: Projected FCF: MAD82.96
  • GF Value™: MAD99.08 vs. price of MAD103.00 (4% above fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the CAS:IAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maroc Telecom Business Description

Other Exchanges IAM:FranceMSPA:Germany
Address Avenue Annakhil, Hay Riad, Rabat, MAR
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.
79GF Score

Get the complete analysis for CAS:IAM

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD103.00
Price
MAD99.08
GF Value