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Moroccan (MASI) Market Analysis & Valuation
UpdatedJul 16, 2025
DataAggregated Company Financials
Companies72
- 7D-0.2%
- 3M10.5%
- 1Y39.9%
- YTD28.6%
The Energy sector gained 4.4% while the market remained flat over the last week. As for the longer term, the market has risen 40% in the past 12 months. As for the next few years, earnings are expected to grow by 16% per annum.
Market Valuation and Performance
Has the Moroccan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 16 Jul 2025 | د.م970.8b | د.م309.7b | د.م37.3b | 24.3x | 26x | 3.1x |
| Fri, 13 Jun 2025 | د.م957.1b | د.م313.4b | د.م37.4b | 24.6x | 25.6x | 3.1x |
| Sun, 11 May 2025 | د.م913.7b | د.م311.6b | د.م36.0b | 23.8x | 25.4x | 2.9x |
| Tue, 08 Apr 2025 | د.م832.3b | د.م299.6b | د.م34.4b | 22.4x | 24.2x | 2.8x |
| Thu, 06 Mar 2025 | د.م842.3b | د.م300.5b | د.م34.2b | 23x | 24.6x | 2.8x |
| Sat, 01 Feb 2025 | د.م817.2b | د.م297.1b | د.م32.8b | 23.6x | 24.9x | 2.8x |
| Mon, 30 Dec 2024 | د.م736.9b | د.م299.1b | د.م32.8b | 22.3x | 22.5x | 2.5x |
| Wed, 27 Nov 2024 | د.م743.2b | د.م294.1b | د.م32.1b | 22.4x | 23.1x | 2.5x |
| Fri, 25 Oct 2024 | د.م716.7b | د.م294.1b | د.م32.1b | 21.4x | 22.3x | 2.4x |
| Sun, 22 Sep 2024 | د.م724.0b | د.م290.4b | د.م30.2b | 24.3x | 24x | 2.5x |
| Tue, 20 Aug 2024 | د.م711.3b | د.م291.1b | د.م30.0b | 23.1x | 23.7x | 2.4x |
| Thu, 18 Jul 2024 | د.م693.6b | د.م290.7b | د.م34.0b | 21.9x | 20.4x | 2.4x |
| Sat, 15 Jun 2024 | د.م673.5b | د.م291.3b | د.م34.0b | 22.2x | 19.8x | 2.3x |
| Mon, 13 May 2024 | د.م691.8b | د.م289.3b | د.م32.9b | 21.8x | 21.1x | 2.4x |
| Wed, 10 Apr 2024 | د.م675.0b | د.م286.3b | د.م32.6b | 22.4x | 20.7x | 2.4x |
| Fri, 08 Mar 2024 | د.م654.8b | د.م281.3b | د.م32.3b | 23x | 20.3x | 2.3x |
| Sun, 04 Feb 2024 | د.م635.5b | د.م283.7b | د.م32.7b | 21.8x | 19.5x | 2.2x |
| Tue, 02 Jan 2024 | د.م617.6b | د.م282.8b | د.م32.7b | 20.6x | 18.9x | 2.2x |
| Thu, 30 Nov 2023 | د.م594.9b | د.م278.0b | د.م31.4b | 20.2x | 19x | 2.1x |
| Sat, 28 Oct 2023 | د.م605.0b | د.م275.4b | د.م30.1b | 20.8x | 20.1x | 2.2x |
| Mon, 25 Sep 2023 | د.م596.0b | د.م273.4b | د.م30.6b | 20.3x | 19.5x | 2.2x |
| Wed, 23 Aug 2023 | د.م606.0b | د.م264.7b | د.م29.4b | 20.9x | 20.6x | 2.3x |
| Fri, 21 Jul 2023 | د.م598.3b | د.م258.7b | د.م26.8b | 20.8x | 22.3x | 2.3x |
| Sun, 18 Jun 2023 | د.م583.5b | د.م256.3b | د.م26.9b | 20.9x | 21.7x | 2.3x |
| Tue, 16 May 2023 | د.م548.7b | د.م252.5b | د.م26.9b | 19.8x | 20.4x | 2.2x |
| Thu, 13 Apr 2023 | د.م540.3b | د.م241.1b | د.م27.1b | 17.8x | 20x | 2.2x |
| Sat, 11 Mar 2023 | د.م544.1b | د.م238.9b | د.م26.9b | 18.4x | 20.2x | 2.3x |
| Mon, 06 Feb 2023 | د.م534.4b | د.م234.6b | د.م27.5b | 18.6x | 19.5x | 2.3x |
| Wed, 04 Jan 2023 | د.م547.6b | د.م233.0b | د.م27.4b | 19.3x | 20x | 2.4x |
| Fri, 02 Dec 2022 | د.م554.5b | د.م257.2b | د.م28.0b | 19.3x | 19.8x | 2.2x |
| Sun, 30 Oct 2022 | د.م551.1b | د.م256.5b | د.م27.7b | 20.2x | 19.9x | 2.1x |
| Tue, 27 Sep 2022 | د.م620.4b | د.م246.8b | د.م27.1b | 24.2x | 22.9x | 2.5x |
| Thu, 25 Aug 2022 | د.م618.6b | د.م244.6b | د.م26.8b | 24.2x | 23.1x | 2.5x |
| Sat, 23 Jul 2022 | د.م606.9b | د.م244.8b | د.م29.2b | 22.4x | 20.8x | 2.5x |
Price to Earnings Ratio
20.8x
Current Market PE
- Investors are optimistic on the Moroccan market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 26.0x which is higher than its 3-year average PE of 21.7x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 8.5% per year over the last three years.
- Revenues for these companies have grown 8.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Moroccan Market?
| MA Market | -0.22% | |
| Energy | 4.42% | |
| Industrials | 2.32% | |
| Utilities | 2.22% | |
| Healthcare | 1.76% | |
| Consumer Staples | 0.80% | |
| Materials | -0.66% | |
| Telecom | -0.89% | |
| Real Estate | -1.08% | |
| Financials | -1.37% | |
| Tech | -1.52% | |
| Consumer Discretionary | -2.75% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 29.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 9.3% which is higher than its past year's earnings decline of 2.2% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 16.5x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 7.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| TQM TAQA Morocco | د.م2.98k | 3.2% +د.م2.1b | 129.1% | PE66.6x | Utilities | |
| TGC Travaux Généraux de Construction de Casablanca | د.م959.90 | 6.7% +د.م1.9b | 198.6% | PE58.2x | Industrials | |
| LBV Label Vie | د.م4.98k | 6.1% +د.م824.8m | 13.2% | PE26.6x | Consumer Staples | |
| SAH Sanlam Maroc | د.م1.98k | 8.0% +د.م601.1m | 2.6% | PE12x | Financials | |
| SOT Société de Therapeutique Marocaine | د.م1.64k | 3.4% +د.م388.8m | 72.0% | PE37.5x | Healthcare |
