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Moroccan (MASI) Market Analysis & Valuation

UpdatedMay 23, 2022
DataAggregated Company Financials
Companies66
  • 7D-0.3%
  • 3M-7.1%
  • 1Y4.2%
  • YTD-4.1%

In the last week, the market has stayed flat, however the Utilities sector stood out, gaining 5.2%. More promisingly, the market is up 4.2% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Market Valuation and Performance

Has the Moroccan Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Mon, 23 May 2022د.م639.1bد.م238.2bد.م28.1b23.5x
Wed, 20 Apr 2022د.م657.9bد.م236.6bد.م27.1b24.1x
Fri, 18 Mar 2022د.م657.9bد.م236.1bد.م26.8b23.1x
Sun, 13 Feb 2022د.م708.2bد.م235.7bد.م26.4b26.3x
Tue, 11 Jan 2022د.م683.2bد.م235.6bد.م26.4b26.4x
Thu, 09 Dec 2021د.م670.8bد.م236.5bد.م26.4b24.4x
Sat, 06 Nov 2021د.م680.1bد.م234.4bد.م25.8b25.5x
Mon, 04 Oct 2021د.م663.1bد.م226.6bد.م23.6b28.9x
Wed, 01 Sep 2021د.م641.4bد.م224.8bد.م20.8b31.9x
Thu, 08 Jul 2021د.م625.8bد.م224.8bد.م20.8b31.6x
Wed, 31 Mar 2021د.م584.7bد.م224.4bد.م20.0b28.1x
Sat, 02 Jan 2021د.م574.4bد.م224.0bد.م18.6b26.6x
Tue, 06 Oct 2020د.م507.9bد.م229.7bد.م18.7b23.3x
Fri, 10 Jul 2020د.م512.3bد.م230.7bد.م18.0b20.7x
Thu, 02 Apr 2020د.م491.0bد.م237.7bد.م22.9b18.2x
Sun, 05 Jan 2020د.م614.3bد.م243.5bد.م26.7b17.4x
Wed, 09 Oct 2019د.م582.0bد.م241.3bد.م28.1b18.4x
Tue, 02 Jul 2019د.م572.9bد.م246.7bد.م28.7b18.1x
Median PE Ratio

18x


Total Market Cap: د.م549.2bTotal Earnings: د.م28.9bTotal Revenue: د.م245.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Market Median PE3Y Average 23.1x202020212022
Current Market PE
  • Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 23.1x.
Past Earnings Growth
  • Both revenue and earnings for Moroccan listed companies have remained mostly flat over the last three years.
  • This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Sector Trends

Which sectors have driven the changes within the Moroccan Market?

MA Market-0.32%
Utilities5.16%
Energy2.59%
Materials1.33%
Consumer Discretionary0.95%
Real Estate-0.41%
Financials-0.93%
Healthcare-1.02%
Consumer Staples-1.18%
Telecom-1.56%
Tech-1.64%
Industrials-1.91%
Sector PE
  • Investors are most optimistic about the Tech sector which is trading above its 3-year average PE ratio of 23.5x.
  • This is likely because analysts are expecting annual earnings growth of 14% which is higher than its past year's earnings decline of 3.1% per year.
  • Investors are most pessimistic about the Consumer Discretionary sector, which is trading below its 3-year average of 23.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 96% over the next 5 years.
  • This is better than its past earnings decline of 9.4% per year.
  • In contrast, the Consumer Discretionary sector is expected to see its earnings decline by 9.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
TQM TAQA Moroccoد.م1.14k3.6%
+د.م943.5m
8.6%PS26.8xUtilities
SMI Societe Metallurgique d'Imiterد.م1.82k16.3%
+د.م419.5m
-19.2%PS3.3xMaterials
ATW Attijariwafa bankد.م450.000.4%
+د.م403.8m
-1.2%PB1.7xFinancials
CSR Cosumarد.م237.351.0%
+د.م222.0m
-5.8%PS29.4xConsumer Staples
SOT Societe de Therapeutique Marocaineد.م1.39k2.1%
+د.م208.8m
52.3%PS40.2xHealthcare
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