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Moroccan (MASI) Market Analysis & Valuation
UpdatedJan 10, 2025
DataAggregated Company Financials
Companies70
- 7D5.0%
- 3M9.5%
- 1Y22.7%
- YTD4.9%
The market is up 5.0% in the last 7 days, led by the Financials and all sectors gaining ground. The market is up 23% over the last 12 months. Looking forward, earnings are forecast to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Sat, 11 Jan 2025 | د.م792.6b | د.م297.1b | د.م32.8b | 23.8x | 24.2x | 2.7x |
| Mon, 09 Dec 2024 | د.م739.3b | د.م294.4b | د.م32.5b | 22x | 22.7x | 2.5x |
| Wed, 06 Nov 2024 | د.م723.7b | د.م294.1b | د.م32.1b | 21.8x | 22.5x | 2.5x |
| Fri, 04 Oct 2024 | د.م720.0b | د.م294.2b | د.م32.2b | 22.2x | 22.4x | 2.4x |
| Sun, 01 Sep 2024 | د.م711.5b | د.م291.2b | د.م30.1b | 23.2x | 23.7x | 2.4x |
| Tue, 30 Jul 2024 | د.م708.2b | د.م291.4b | د.م34.1b | 22.4x | 20.8x | 2.4x |
| Thu, 27 Jun 2024 | د.م684.7b | د.م290.7b | د.م34.0b | 22.1x | 20.2x | 2.4x |
| Sat, 25 May 2024 | د.م684.0b | د.م288.7b | د.م33.0b | 22x | 20.7x | 2.4x |
| Mon, 22 Apr 2024 | د.م686.9b | د.م289.7b | د.م32.8b | 23.4x | 20.9x | 2.4x |
| Wed, 20 Mar 2024 | د.م661.2b | د.م281.9b | د.م32.6b | 22.1x | 20.3x | 2.3x |
| Fri, 16 Feb 2024 | د.م645.3b | د.م283.6b | د.م32.6b | 22.7x | 19.8x | 2.3x |
| Sun, 14 Jan 2024 | د.م639.3b | د.م283.1b | د.م32.7b | 21.4x | 19.6x | 2.3x |
| Tue, 12 Dec 2023 | د.م605.5b | د.م278.1b | د.م31.2b | 20.4x | 19.4x | 2.2x |
| Thu, 09 Nov 2023 | د.م604.0b | د.م275.7b | د.م30.2b | 20.2x | 20x | 2.2x |
| Sat, 07 Oct 2023 | د.م622.8b | د.م272.9b | د.م29.7b | 21.4x | 21x | 2.3x |
| Mon, 04 Sep 2023 | د.م604.8b | د.م270.2b | د.م29.9b | 20.1x | 20.3x | 2.2x |
| Wed, 02 Aug 2023 | د.م618.6b | د.م259.6b | د.م29.2b | 20.7x | 21.1x | 2.4x |
| Fri, 30 Jun 2023 | د.م590.1b | د.م263.3b | د.م27.1b | 20x | 21.8x | 2.2x |
| Sun, 28 May 2023 | د.م558.1b | د.م255.4b | د.م26.6b | 21x | 21x | 2.2x |
| Tue, 25 Apr 2023 | د.م537.6b | د.م251.3b | د.م27.6b | 17.9x | 19.5x | 2.1x |
| Thu, 23 Mar 2023 | د.م532.8b | د.م237.9b | د.م26.7b | 19x | 19.9x | 2.2x |
| Sat, 18 Feb 2023 | د.م553.1b | د.م234.6b | د.م27.5b | 19.4x | 20.1x | 2.4x |
| Mon, 16 Jan 2023 | د.م532.1b | د.م233.3b | د.م27.4b | 18.3x | 19.4x | 2.3x |
| Wed, 14 Dec 2022 | د.م573.5b | د.م257.6b | د.م28.1b | 20.7x | 20.4x | 2.2x |
| Fri, 11 Nov 2022 | د.م528.9b | د.م257.0b | د.م27.9b | 19x | 19x | 2.1x |
| Sun, 09 Oct 2022 | د.م596.3b | د.م251.9b | د.م28.4b | 21.3x | 21x | 2.4x |
| Tue, 06 Sep 2022 | د.م616.9b | د.م244.6b | د.م26.8b | 24.4x | 23x | 2.5x |
| Thu, 04 Aug 2022 | د.م601.6b | د.م244.6b | د.م26.8b | 23.4x | 22.5x | 2.5x |
| Sat, 02 Jul 2022 | د.م597.3b | د.م245.1b | د.م28.7b | 22.2x | 20.8x | 2.4x |
| Mon, 30 May 2022 | د.م625.0b | د.م243.6b | د.م28.3b | 23x | 22.1x | 2.6x |
| Wed, 27 Apr 2022 | د.م662.3b | د.م236.5b | د.م27.1b | 24.2x | 24.4x | 2.8x |
| Fri, 25 Mar 2022 | د.م640.1b | د.م236.9b | د.م26.9b | 23.1x | 23.8x | 2.7x |
| Sun, 20 Feb 2022 | د.م695.6b | د.م235.7b | د.م26.4b | 25.5x | 26.3x | 3x |
| Tue, 18 Jan 2022 | د.م697.3b | د.م235.7b | د.م26.4b | 25.7x | 26.4x | 3x |
Price to Earnings Ratio
26.4x
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 24.2x 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 | 4.97% | |
| Industrials | 8.67% | |
| Materials | 6.13% | |
| Real Estate | 5.42% | |
| Telecom | 5.19% | |
| Financials | 4.80% | |
| Healthcare | 3.62% | |
| Utilities | 2.86% | |
| Tech | 2.40% | |
| Consumer Staples | 2.08% | |
| Consumer Discretionary | 1.42% | |
| Energy | 0.40% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 27.2x.
- 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 17.3x.
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.م3.36k | 15.9% +د.م5.5b | 76.8% | PE85.2x | Materials | |
| IAM Itissalat Al-Maghrib (IAM) | د.م89.55 | 3.5% +د.م2.7b | -12.6% | PE62.9x | Telecom | |
| MSA Société d'Exploitation des Ports | د.م610.00 | 5.4% +د.م2.3b | 118.2% | PE42.8x | Industrials | |
| ATW Attijariwafa bank | د.م620.00 | 1.8% +د.م2.2b | 29.2% | PB2.1x | Financials | |
| BCP Banque Centrale Populaire | د.م289.95 | 2.4% +د.م1.4b | 1.7% | PB1.7x | Financials |
