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Moroccan (MASI) Market Analysis & Valuation
UpdatedFeb 10, 2025
DataAggregated Company Financials
Companies70
- 7D1.1%
- 3M10.4%
- 1Y26.3%
- YTD9.0%
The market has climbed 1.1% in the last 7 days, lead by the Utilities sector with a gain of 7.7%. In the last year, the market has climbed 26%. Looking forward, earnings are forecast to grow by 18% annually.
Market Valuation and Performance
Has the Moroccan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 11 Feb 2025 | د.م823.3b | د.م297.1b | د.م32.8b | 23.4x | 25.1x | 2.8x |
| Thu, 09 Jan 2025 | د.م786.1b | د.م297.1b | د.م32.8b | 23.2x | 24x | 2.6x |
| Sat, 07 Dec 2024 | د.م739.3b | د.م294.4b | د.م32.5b | 22x | 22.7x | 2.5x |
| Mon, 04 Nov 2024 | د.م721.5b | د.م294.1b | د.م32.1b | 21.8x | 22.5x | 2.5x |
| Wed, 02 Oct 2024 | د.م722.3b | د.م292.9b | د.م31.6b | 22.3x | 22.8x | 2.5x |
| Fri, 30 Aug 2024 | د.م713.1b | د.م291.2b | د.م30.1b | 23.2x | 23.7x | 2.4x |
| Sun, 28 Jul 2024 | د.م702.9b | د.م291.2b | د.م34.0b | 22.2x | 20.7x | 2.4x |
| Tue, 25 Jun 2024 | د.م671.7b | د.م290.7b | د.م34.0b | 22.3x | 19.8x | 2.3x |
| Thu, 23 May 2024 | د.م684.5b | د.م288.7b | د.م33.0b | 21.8x | 20.7x | 2.4x |
| Sat, 20 Apr 2024 | د.م686.0b | د.م289.7b | د.م32.8b | 23.4x | 20.9x | 2.4x |
| Mon, 18 Mar 2024 | د.م662.9b | د.م281.9b | د.م32.6b | 22x | 20.4x | 2.4x |
| Wed, 14 Feb 2024 | د.م643.2b | د.م283.6b | د.م32.6b | 22.3x | 19.7x | 2.3x |
| Fri, 12 Jan 2024 | د.م637.4b | د.م283.1b | د.م32.7b | 21.5x | 19.5x | 2.3x |
| Sun, 10 Dec 2023 | د.م601.3b | د.م278.1b | د.م31.2b | 20.5x | 19.3x | 2.2x |
| Tue, 07 Nov 2023 | د.م604.8b | د.م275.7b | د.م30.2b | 20.3x | 20x | 2.2x |
| Thu, 05 Oct 2023 | د.م596.9b | د.م272.4b | د.م29.7b | 20.3x | 20.1x | 2.2x |
| Sat, 02 Sep 2023 | د.م604.8b | د.م270.2b | د.م29.9b | 20.1x | 20.3x | 2.2x |
| Mon, 31 Jul 2023 | د.م616.2b | د.م259.6b | د.م29.2b | 20.6x | 21.1x | 2.4x |
| Wed, 28 Jun 2023 | د.م586.4b | د.م263.3b | د.م27.1b | 20.2x | 21.6x | 2.2x |
| Fri, 26 May 2023 | د.م550.9b | د.م255.9b | د.م26.6b | 20.9x | 20.7x | 2.2x |
| Sun, 23 Apr 2023 | د.م537.6b | د.م251.3b | د.م27.6b | 17.9x | 19.5x | 2.1x |
| Tue, 21 Mar 2023 | د.م531.9b | د.م237.9b | د.م26.7b | 18.5x | 19.9x | 2.2x |
| Thu, 16 Feb 2023 | د.م544.3b | د.م234.6b | د.م27.5b | 19.2x | 19.8x | 2.3x |
| Sat, 14 Jan 2023 | د.م532.1b | د.م233.3b | د.م27.4b | 18.3x | 19.4x | 2.3x |
| Mon, 12 Dec 2022 | د.م570.6b | د.م257.6b | د.م28.1b | 20.2x | 20.3x | 2.2x |
| Wed, 09 Nov 2022 | د.م546.5b | د.م257.0b | د.م27.9b | 19.7x | 19.6x | 2.1x |
| Fri, 07 Oct 2022 | د.م596.7b | د.م250.3b | د.م28.3b | 21.6x | 21.1x | 2.4x |
| Sun, 04 Sep 2022 | د.م616.1b | د.م244.6b | د.م26.8b | 24.4x | 23x | 2.5x |
| Tue, 02 Aug 2022 | د.م602.5b | د.م244.6b | د.م26.8b | 23x | 22.5x | 2.5x |
| Thu, 30 Jun 2022 | د.م613.3b | د.م246.4b | د.م28.7b | 23.5x | 21.4x | 2.5x |
| Sat, 28 May 2022 | د.م625.0b | د.م243.6b | د.م28.3b | 23x | 22.1x | 2.6x |
| Mon, 25 Apr 2022 | د.م665.1b | د.م236.5b | د.م27.1b | 24.3x | 24.5x | 2.8x |
| Wed, 23 Mar 2022 | د.م653.0b | د.م235.8b | د.م26.8b | 23.8x | 24.4x | 2.8x |
| Fri, 18 Feb 2022 | د.م699.4b | د.م235.7b | د.م26.4b | 25.5x | 26.5x | 3x |
Price to Earnings Ratio
26.5x
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 25.1x which is higher than its 3-year average PE of 21.4x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 7.5% per year over the last three years.
- Revenues for these companies have grown 8.0% 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 | 1.08% | |
| Energy | 9.86% | |
| Utilities | 7.65% | |
| Consumer Discretionary | 5.11% | |
| Healthcare | 4.79% | |
| Industrials | 0.73% | |
| Telecom | 0.48% | |
| Materials | 0.40% | |
| Financials | 0.35% | |
| Real Estate | 0.34% | |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
| Consumer Staples | -0.28% | |
| Tech | -0.84% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 28.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 35.2% which is higher than its past year's earnings decline of 76.0% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 17.1x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 46% over the next 5 years.
- This is better than its past earnings growth rate of 7.7% per year.
- In contrast, the Utilities sector is expected to see its earnings grow by 3.6% 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 | |
|---|---|---|---|---|---|---|
| GAZ Afriquia Gaz | د.م4.50k | 13.4% +د.م1.8b | 7.4% | PE31.9x | Energy | |
| TQM TAQA Morocco | د.م1.47k | 5.0% +د.م1.7b | 22.7% | PE31.4x | Utilities | |
| SOT Société de Therapeutique Marocaine | د.م1.16k | 19.3% +د.م1.4b | 17.5% | PE29.9x | Healthcare | |
| ATW Attijariwafa bank | د.م630.00 | 1.0% +د.م1.3b | 25.5% | PB2.1x | Financials | |
| MNG Managem | د.م3.50k | 2.9% +د.م1.2b | 91.4% | PE88.7x | Materials |
