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Moroccan (MASI) Market Analysis & Valuation
UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies70
- 7D1.1%
- 3M10.5%
- 1Y25.4%
- YTD10.2%
The market has climbed 1.1% in the last 7 days, lead by the Materials sector with a gain of 3.5%. The market is up 25% over the last 12 months. 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 |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | د.م832.2b | د.م297.8b | د.م33.0b | 22.6x | 25.2x | 2.8x |
| Tue, 14 Jan 2025 | د.م798.0b | د.م296.8b | د.م32.7b | 24.2x | 24.4x | 2.7x |
| Thu, 12 Dec 2024 | د.م738.4b | د.م296.9b | د.م32.7b | 21.8x | 22.6x | 2.5x |
| Sat, 09 Nov 2024 | د.م740.3b | د.م294.1b | د.م32.1b | 22.6x | 23x | 2.5x |
| Mon, 07 Oct 2024 | د.م718.0b | د.م292.2b | د.م32.0b | 22.2x | 22.4x | 2.5x |
| Wed, 04 Sep 2024 | د.م709.9b | د.م291.2b | د.م30.1b | 23.1x | 23.6x | 2.4x |
| Fri, 02 Aug 2024 | د.م712.9b | د.م291.2b | د.م30.0b | 23.1x | 23.7x | 2.4x |
| Sun, 30 Jun 2024 | د.م681.0b | د.م284.8b | د.م33.9b | 21.9x | 20.1x | 2.4x |
| Tue, 28 May 2024 | د.م681.9b | د.م288.7b | د.م33.0b | 22x | 20.7x | 2.4x |
| Thu, 25 Apr 2024 | د.م678.7b | د.م289.8b | د.م32.8b | 22.9x | 20.7x | 2.3x |
| Sat, 23 Mar 2024 | د.م657.8b | د.م282.0b | د.م32.6b | 22x | 20.2x | 2.3x |
| Mon, 19 Feb 2024 | د.م653.6b | د.م283.6b | د.م32.6b | 22.8x | 20.1x | 2.3x |
| Wed, 17 Jan 2024 | د.م641.3b | د.م283.1b | د.م32.7b | 21.6x | 19.6x | 2.3x |
| Fri, 15 Dec 2023 | د.م615.0b | د.م281.5b | د.م31.1b | 20.7x | 19.7x | 2.2x |
| Sun, 12 Nov 2023 | د.م602.9b | د.م275.7b | د.م30.2b | 20.3x | 20x | 2.2x |
| Tue, 10 Oct 2023 | د.م620.5b | د.م272.9b | د.م29.7b | 21.1x | 20.9x | 2.3x |
| Thu, 07 Sep 2023 | د.م597.8b | د.م270.2b | د.م29.9b | 20.2x | 20x | 2.2x |
| Sat, 05 Aug 2023 | د.م617.1b | د.م259.6b | د.م29.2b | 21.2x | 21.1x | 2.4x |
| Mon, 03 Jul 2023 | د.م590.1b | د.م255.9b | د.م26.7b | 20x | 22.1x | 2.3x |
| Wed, 31 May 2023 | د.م563.2b | د.م255.4b | د.م26.6b | 21.3x | 21.2x | 2.2x |
| Fri, 28 Apr 2023 | د.م535.8b | د.م251.4b | د.م27.5b | 18.5x | 19.5x | 2.1x |
| Sun, 26 Mar 2023 | د.م535.2b | د.م239.8b | د.م27.1b | 18.8x | 19.7x | 2.2x |
| Tue, 21 Feb 2023 | د.م553.2b | د.م234.6b | د.م27.5b | 19.3x | 20.1x | 2.4x |
| Thu, 19 Jan 2023 | د.م534.4b | د.م233.3b | د.م27.4b | 19x | 19.5x | 2.3x |
| Sat, 17 Dec 2022 | د.م563.6b | د.م257.3b | د.م28.0b | 20.8x | 20.1x | 2.2x |
| Mon, 14 Nov 2022 | د.م525.7b | د.م257.0b | د.م27.9b | 18.9x | 18.9x | 2x |
| Wed, 12 Oct 2022 | د.م598.6b | د.م255.9b | د.م28.4b | 21.3x | 21.1x | 2.3x |
| Fri, 09 Sep 2022 | د.م617.2b | د.م244.6b | د.م26.8b | 24.7x | 23x | 2.5x |
| Sun, 07 Aug 2022 | د.م607.3b | د.م244.6b | د.م26.8b | 24.4x | 22.7x | 2.5x |
| Tue, 05 Jul 2022 | د.م595.4b | د.م245.1b | د.م28.7b | 22.2x | 20.8x | 2.4x |
| Thu, 02 Jun 2022 | د.م628.1b | د.م244.4b | د.م28.3b | 23.2x | 22.2x | 2.6x |
| Sat, 30 Apr 2022 | د.م664.1b | د.م236.5b | د.م27.1b | 24.2x | 24.5x | 2.8x |
| Mon, 28 Mar 2022 | د.م642.0b | د.م236.9b | د.م26.9b | 23.2x | 23.9x | 2.7x |
| Wed, 23 Feb 2022 | د.م687.4b | د.م235.3b | د.م26.1b | 25.2x | 26.3x | 2.9x |
Price to Earnings Ratio
26.3x
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 25.2x which is higher than its 3-year average PE of 21.4x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 8.1% per year over the last three years.
- Revenues for these companies have grown 8.2% 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 | 6.98% | |
| Materials | 3.55% | |
| Utilities | 2.62% | |
| Tech | 1.69% | |
| Healthcare | 1.55% | |
| Real Estate | 1.45% | |
| Telecom | 0.77% | |
| Industrials | 0.71% | |
| Financials | 0.24% | |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
| Consumer Staples | -0.78% | |
| Consumer Discretionary | -1.43% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 28.9x.
- 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 | |
|---|---|---|---|---|---|---|
| MNG Managem | د.م3.85k | 13.2% +د.م5.3b | 107.2% | PE97.6x | Materials | |
| ATW Attijariwafa bank | د.م645.00 | 2.6% +د.م3.3b | 27.7% | PB2.2x | Financials | |
| GAZ Afriquia Gaz | د.م4.60k | 7.0% +د.م1.0b | 12.2% | PE21.2x | Energy | |
| TQM TAQA Morocco | د.م1.53k | 2.6% +د.م920.0m | 28.7% | PE32.7x | Utilities | |
| SAH Sanlam Maroc | د.م2.00k | 10.5% +د.م782.2m | 51.5% | PE14.7x | Financials |
