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?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 23 May 2022 | د.م639.1b | د.م238.2b | د.م28.1b | 23.5x |
| Wed, 20 Apr 2022 | د.م657.9b | د.م236.6b | د.م27.1b | 24.1x |
| Fri, 18 Mar 2022 | د.م657.9b | د.م236.1b | د.م26.8b | 23.1x |
| Sun, 13 Feb 2022 | د.م708.2b | د.م235.7b | د.م26.4b | 26.3x |
| Tue, 11 Jan 2022 | د.م683.2b | د.م235.6b | د.م26.4b | 26.4x |
| Thu, 09 Dec 2021 | د.م670.8b | د.م236.5b | د.م26.4b | 24.4x |
| Sat, 06 Nov 2021 | د.م680.1b | د.م234.4b | د.م25.8b | 25.5x |
| Mon, 04 Oct 2021 | د.م663.1b | د.م226.6b | د.م23.6b | 28.9x |
| Wed, 01 Sep 2021 | د.م641.4b | د.م224.8b | د.م20.8b | 31.9x |
| Thu, 08 Jul 2021 | د.م625.8b | د.م224.8b | د.م20.8b | 31.6x |
| Wed, 31 Mar 2021 | د.م584.7b | د.م224.4b | د.م20.0b | 28.1x |
| Sat, 02 Jan 2021 | د.م574.4b | د.م224.0b | د.م18.6b | 26.6x |
| Tue, 06 Oct 2020 | د.م507.9b | د.م229.7b | د.م18.7b | 23.3x |
| Fri, 10 Jul 2020 | د.م512.3b | د.م230.7b | د.م18.0b | 20.7x |
| Thu, 02 Apr 2020 | د.م491.0b | د.م237.7b | د.م22.9b | 18.2x |
| Sun, 05 Jan 2020 | د.م614.3b | د.م243.5b | د.م26.7b | 17.4x |
| Wed, 09 Oct 2019 | د.م582.0b | د.م241.3b | د.م28.1b | 18.4x |
| Tue, 02 Jul 2019 | د.م572.9b | د.م246.7b | د.م28.7b | 18.1x |
Median PE Ratio
18x
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% | |
| Utilities | 5.16% | |
| Energy | 2.59% | |
| Materials | 1.33% | |
| Consumer Discretionary | 0.95% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| TQM TAQA Morocco | د.م1.14k | 3.6% +د.م943.5m | 8.6% | PS26.8x | Utilities | |
| SMI Societe Metallurgique d'Imiter | د.م1.82k | 16.3% +د.م419.5m | -19.2% | PS3.3x | Materials | |
| ATW Attijariwafa bank | د.م450.00 | 0.4% +د.م403.8m | -1.2% | PB1.7x | Financials | |
| CSR Cosumar | د.م237.35 | 1.0% +د.م222.0m | -5.8% | PS29.4x | Consumer Staples | |
| SOT Societe de Therapeutique Marocaine | د.م1.39k | 2.1% +د.م208.8m | 52.3% | PS40.2x | Healthcare |