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Moroccan (MASI) Market Analysis & Valuation
UpdatedApr 13, 2025
DataAggregated Company Financials
Companies69
- 7D-6.7%
- 3M3.4%
- 1Y20.6%
- YTD9.2%
Over the last 7 days, the market has dropped 6.7%, driven by a decline of 6.3% in the Financials sector. As for the longer term, the market has actually risen by 21% in the last year. Earnings are forecast to grow by 16% 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, 13 Apr 2025 | د.م821.3b | د.م299.7b | د.م34.4b | 21.6x | 23.9x | 2.7x |
| Tue, 11 Mar 2025 | د.م838.8b | د.م298.2b | د.م34.1b | 23.8x | 24.6x | 2.8x |
| Thu, 06 Feb 2025 | د.م817.3b | د.م297.1b | د.م32.8b | 23.8x | 24.9x | 2.8x |
| Sat, 04 Jan 2025 | د.م775.7b | د.م297.1b | د.م32.8b | 23x | 23.7x | 2.6x |
| Mon, 02 Dec 2024 | د.م743.2b | د.م294.4b | د.م32.5b | 22x | 22.8x | 2.5x |
| Wed, 30 Oct 2024 | د.م720.8b | د.م294.1b | د.م32.1b | 22.6x | 22.4x | 2.5x |
| Fri, 27 Sep 2024 | د.م731.9b | د.م292.2b | د.م30.9b | 23.4x | 23.7x | 2.5x |
| Sun, 25 Aug 2024 | د.م714.2b | د.م291.3b | د.م30.1b | 22.9x | 23.8x | 2.5x |
| Tue, 23 Jul 2024 | د.م694.6b | د.م291.2b | د.م34.0b | 21.8x | 20.4x | 2.4x |
| Thu, 20 Jun 2024 | د.م674.9b | د.م290.7b | د.م34.0b | 22.3x | 19.9x | 2.3x |
| Sat, 18 May 2024 | د.م686.2b | د.م290.0b | د.م33.0b | 21.9x | 20.8x | 2.4x |
| Mon, 15 Apr 2024 | د.م675.0b | د.م289.4b | د.م32.8b | 22.2x | 20.6x | 2.3x |
| Wed, 13 Mar 2024 | د.م652.3b | د.م281.3b | د.م32.3b | 23.1x | 20.2x | 2.3x |
| Fri, 09 Feb 2024 | د.م639.4b | د.م283.7b | د.م32.7b | 22.3x | 19.6x | 2.3x |
| Sun, 07 Jan 2024 | د.م632.0b | د.م282.8b | د.م32.7b | 20.9x | 19.3x | 2.2x |
| Tue, 05 Dec 2023 | د.م592.7b | د.م278.1b | د.م31.3b | 20.2x | 18.9x | 2.1x |
| Thu, 02 Nov 2023 | د.م607.3b | د.م275.4b | د.م30.1b | 20.6x | 20.2x | 2.2x |
| Sat, 30 Sep 2023 | د.م600.3b | د.م273.5b | د.م30.6b | 20.5x | 19.6x | 2.2x |
| Mon, 28 Aug 2023 | د.م605.9b | د.م264.7b | د.م29.4b | 20.8x | 20.6x | 2.3x |
| Wed, 26 Jul 2023 | د.م601.3b | د.م258.7b | د.م26.8b | 21x | 22.5x | 2.3x |
| Fri, 23 Jun 2023 | د.م585.2b | د.م263.3b | د.م27.1b | 20.6x | 21.6x | 2.2x |
| Sun, 21 May 2023 | د.م549.3b | د.م253.0b | د.م27.0b | 21.1x | 20.3x | 2.2x |
| Tue, 18 Apr 2023 | د.م537.7b | د.م241.7b | د.م27.0b | 18.3x | 19.9x | 2.2x |
| Thu, 16 Mar 2023 | د.م541.9b | د.م238.9b | د.م26.9b | 18x | 20.1x | 2.3x |
| Sat, 11 Feb 2023 | د.م554.4b | د.م234.6b | د.م27.5b | 19.5x | 20.2x | 2.4x |
| Mon, 09 Jan 2023 | د.م500.4b | د.م233.0b | د.م27.4b | 17.3x | 18.3x | 2.1x |
| Wed, 07 Dec 2022 | د.م570.4b | د.م256.9b | د.م27.8b | 19.9x | 20.5x | 2.2x |
| Fri, 04 Nov 2022 | د.م551.5b | د.م256.5b | د.م27.7b | 20.1x | 19.9x | 2.2x |
| Sun, 02 Oct 2022 | د.م590.6b | د.م247.0b | د.م27.0b | 22.7x | 21.9x | 2.4x |
| Tue, 30 Aug 2022 | د.م617.6b | د.م244.6b | د.م26.8b | 24.3x | 23.1x | 2.5x |
| Thu, 28 Jul 2022 | د.م598.8b | د.م244.8b | د.م29.2b | 22x | 20.5x | 2.4x |
| Sat, 25 Jun 2022 | د.م611.2b | د.م246.4b | د.م28.7b | 23.5x | 21.3x | 2.5x |
| Mon, 23 May 2022 | د.م639.1b | د.م238.2b | د.م28.1b | 23.5x | 22.7x | 2.7x |
| Wed, 20 Apr 2022 | د.م657.9b | د.م236.6b | د.م27.1b | 24.1x | 24.3x | 2.8x |
Price to Earnings Ratio
24.3x
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 23.9x which is higher than its 3-year average PE of 21.4x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 8.2% 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 | -6.70% | |
| Healthcare | 0.049% | |
| Tech | -2.04% | |
| Consumer Staples | -2.89% | |
| Energy | -5.68% | |
| Materials | -6.00% | |
| Telecom | -6.02% | |
| Financials | -6.26% | |
| Industrials | -8.75% | |
| Consumer Discretionary | -8.94% | |
| Real Estate | -10.84% | |
| Utilities | -13.09% | |
Sector PE
- Investors favour the Telecom 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 30.5% which is higher than its past year's earnings decline of 65.9% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 16.8x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 46% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Tech industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|---|
| SAH Sanlam Maroc | د.م2.14k | 21.0% +د.م1.5b | 38.2% | PE13x | Financials | |
| AKT Akdital | د.م1.28k | 2.4% +د.م424.8m | 72.9% | PE57.6x | Healthcare | |
| SMI Societe Metallurgique d'Imiter société anonyme | د.م2.25k | 1.9% +د.م69.1m | 23.6% | n/a | Materials | |
| MIC Microdata | د.م820.00 | 3.1% +د.م42.0m | 19.9% | PE21x | Tech |
