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Moroccan (MASI) Market Analysis & Valuation
UpdatedSep 02, 2025
DataAggregated Company Financials
Companies72
- 7D0.5%
- 3M8.9%
- 1Y43.5%
- YTD36.7%
The market has been flat in the last week, however the Information Technology sector is down 4.5%. More promisingly, the market is up 43% over the past year. Earnings are forecast to grow by 12% 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, 02 Sep 2025 | د.م1.0t | د.م311.2b | د.م43.4b | 26x | 24x | 3.3x |
| Thu, 31 Jul 2025 | د.م1.0t | د.م311.2b | د.م43.3b | 24.5x | 23.4x | 3.3x |
| Sat, 28 Jun 2025 | د.م953.9b | د.م313.4b | د.م37.4b | 24.5x | 25.5x | 3x |
| Mon, 26 May 2025 | د.م937.2b | د.م309.1b | د.م36.5b | 24.2x | 25.7x | 3x |
| Wed, 23 Apr 2025 | د.م882.6b | د.م300.5b | د.م34.5b | 22.8x | 25.6x | 2.9x |
| Fri, 21 Mar 2025 | د.م882.6b | د.م297.5b | د.م34.2b | 23.8x | 25.8x | 3x |
| 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 |
Price to Earnings Ratio
23x
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 24.0x which is higher than its 3-year average PE of 21.8x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 17% per year over the last three years.
- Revenues for these companies have grown 8.4% 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 | 0.50% | |
| Materials | 2.62% | |
| Real Estate | 2.46% | |
| Telecom | 1.73% | |
| Healthcare | 1.44% | |
| Energy | 0.86% | |
| Industrials | -0.061% | |
| Consumer Staples | -0.30% | |
| Utilities | -0.34% | |
| Financials | -0.48% | |
| Consumer Discretionary | -0.87% | |
| Tech | -4.54% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 30.7x.
- 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 Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 33.8x.
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 18% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 6.5% 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 | |
|---|---|---|---|---|---|---|
| MSA Société d'Exploitation des Ports | د.م977.00 | 4.2% +د.م2.9b | 155.8% | PE56.6x | Industrials | |
| MNG Managem | د.م5.79k | 2.8% +د.م1.9b | 103.1% | PE110.8x | Materials | |
| IAM Itissalat Al-Maghrib (IAM) | د.م123.60 | 1.7% +د.م1.8b | 30.8% | PE15.4x | Telecom | |
| LHM LafargeHolcim Maroc | د.م2.10k | 2.0% +د.م979.4m | 11.0% | PE26.8x | Materials | |
| ADH Douja Promotion Groupe Addoha | د.م42.34 | 5.9% +د.م943.6m | 24.2% | PE63.9x | Real Estate |
