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Moroccan (MASI) Market Analysis & Valuation
UpdatedSep 19, 2024
DataAggregated Company Financials
Companies69
- 7D1.0%
- 3M6.1%
- 1Y17.9%
- YTD14.8%
The market has stayed flat over the 7 days. More promisingly, the market is up 18% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.
Market Valuation and Performance
Has the Moroccan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Sep 2024 | د.م716.5b | د.م290.2b | د.م30.1b | 24.6x | 23.8x | 2.5x |
| Sun, 18 Aug 2024 | د.م710.1b | د.م291.1b | د.م30.0b | 22.6x | 23.7x | 2.4x |
| Tue, 16 Jul 2024 | د.م686.9b | د.م290.7b | د.م34.0b | 22.1x | 20.2x | 2.4x |
| Thu, 13 Jun 2024 | د.م675.6b | د.م291.3b | د.م34.0b | 21.7x | 19.9x | 2.3x |
| Sat, 11 May 2024 | د.م691.8b | د.م289.7b | د.م32.9b | 21.8x | 21.1x | 2.4x |
| Mon, 08 Apr 2024 | د.م665.1b | د.م286.3b | د.م32.6b | 23.3x | 20.4x | 2.3x |
| Wed, 06 Mar 2024 | د.م660.7b | د.م281.3b | د.م32.3b | 23.2x | 20.5x | 2.3x |
| Fri, 02 Feb 2024 | د.م636.0b | د.م283.6b | د.م32.7b | 21.5x | 19.5x | 2.2x |
| Sun, 31 Dec 2023 | د.م617.6b | د.م282.8b | د.م32.7b | 20.6x | 18.9x | 2.2x |
| Tue, 28 Nov 2023 | د.م597.6b | د.م278.0b | د.م31.4b | 20.1x | 19.1x | 2.1x |
| Thu, 26 Oct 2023 | د.م613.0b | د.م275.4b | د.م30.1b | 20.2x | 20.4x | 2.2x |
| Sat, 23 Sep 2023 | د.م596.0b | د.م273.4b | د.م30.6b | 20.3x | 19.5x | 2.2x |
| Mon, 21 Aug 2023 | د.م609.8b | د.م264.8b | د.م29.5b | 20.5x | 20.7x | 2.3x |
| Wed, 19 Jul 2023 | د.م596.0b | د.م258.7b | د.م26.8b | 20.6x | 22.3x | 2.3x |
| Fri, 16 Jun 2023 | د.م579.0b | د.م255.8b | د.م26.6b | 20.8x | 21.7x | 2.3x |
| Sun, 14 May 2023 | د.م548.7b | د.م252.5b | د.م26.9b | 19.8x | 20.4x | 2.2x |
| Tue, 11 Apr 2023 | د.م539.7b | د.م241.1b | د.م27.1b | 17.9x | 19.9x | 2.2x |
| Thu, 09 Mar 2023 | د.م546.2b | د.م238.1b | د.م26.7b | 18.7x | 20.4x | 2.3x |
| Sat, 04 Feb 2023 | د.م534.4b | د.م234.6b | د.م27.5b | 18.6x | 19.5x | 2.3x |
| Mon, 02 Jan 2023 | د.م550.9b | د.م233.0b | د.م27.4b | 20x | 20.1x | 2.4x |
| Wed, 30 Nov 2022 | د.م554.4b | د.م257.2b | د.م28.0b | 18.3x | 19.8x | 2.2x |
| Fri, 28 Oct 2022 | د.م550.4b | د.م257.3b | د.م28.2b | 20.2x | 19.5x | 2.1x |
| Sun, 25 Sep 2022 | د.م622.5b | د.م246.3b | د.م26.9b | 24.3x | 23.1x | 2.5x |
| Tue, 23 Aug 2022 | د.م615.6b | د.م244.6b | د.م26.8b | 24.3x | 23x | 2.5x |
| Thu, 21 Jul 2022 | د.م607.1b | د.م244.8b | د.م29.2b | 22.5x | 20.8x | 2.5x |
| Sat, 18 Jun 2022 | د.م613.2b | د.م246.7b | د.م28.7b | 23.2x | 21.4x | 2.5x |
| Mon, 16 May 2022 | د.م641.1b | د.م239.9b | د.م27.9b | 23.2x | 22.9x | 2.7x |
| Wed, 13 Apr 2022 | د.م654.5b | د.م236.2b | د.م27.1b | 24.3x | 24.1x | 2.8x |
| Fri, 11 Mar 2022 | د.م640.2b | د.م236.0b | د.م26.5b | 23.3x | 24.2x | 2.7x |
| Sun, 06 Feb 2022 | د.م708.9b | د.م235.7b | د.م26.4b | 25.8x | 26.8x | 3x |
| Tue, 04 Jan 2022 | د.م673.3b | د.م235.4b | د.م26.4b | 26.4x | 25.5x | 2.9x |
| Thu, 02 Dec 2021 | د.م668.4b | د.م235.2b | د.م26.0b | 24.5x | 25.7x | 2.8x |
| Sat, 30 Oct 2021 | د.م687.9b | د.م234.5b | د.م25.8b | 26.1x | 26.6x | 2.9x |
| Mon, 27 Sep 2021 | د.م664.1b | د.م224.4b | د.م22.0b | 32.6x | 30.1x | 3x |
Price to Earnings Ratio
30.1x
Current Market PE
- Investors are relatively neutral on the Moroccan 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 21.8x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 11% per year over the last three years.
- Revenues for these companies have grown 9.0% 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 | 0.98% | |
| Real Estate | 2.75% | |
| Utilities | 2.34% | |
| Industrials | 2.23% | |
| Tech | 1.65% | |
| Healthcare | 1.05% | |
| Financials | 1.04% | |
| Materials | 0.90% | |
| Consumer Discretionary | 0.90% | |
| Energy | 0.76% | |
| Consumer Staples | 0.24% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Telecom | -0.62% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 22.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 43.5% 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 below its 3-year average of 18.2x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 76% per year.
- In contrast, the Energy 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 | |
|---|---|---|---|---|---|---|
| ATW Attijariwafa bank | د.م549.50 | 2.9% +د.م3.1b | 22.1% | PB1.9x | Financials | |
| CMA Ciments du Maroc Société Anonyme | د.م1.84k | 6.1% +د.م1.5b | 22.7% | PE27.4x | Materials | |
| LHM LafargeHolcim Maroc | د.م1.90k | 2.4% +د.م1.0b | 12.8% | PE28.6x | Materials | |
| CSR Cosumar | د.م192.00 | 5.5% +د.م944.9m | -2.5% | PE18x | Consumer Staples | |
| IAM Itissalat Al-Maghrib (IAM) | د.م90.45 | 1.2% +د.م922.7m | -11.6% | PE63.5x | Telecom |
