Risk factor
Very poor trading liquidity
Profitability factor
Very strong margins and returns
About
Itissalat Al-Maghrib (IAM) S.A., along with its affiliated entities, provides a comprehensive array of telecommunication solutions across Morocco and in international markets. Its service portfolio encompasses mobile communication, traditional fixed-line services, internet access, and fixed-line broadband. Beyond these services, the company also retails mobile handsets, broadband hardware, and a variety of connected devices and accompanying accessories. Established in 1998, the enterprise maintains its headquarters in Rabat, Morocco. As of October 28, 2021, Itissalat Al-Maghrib (IAM) S.A. functions as a subsidiary of Emirates Telecommunications Group Company PJSC.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EB