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Moroccan (MASI) Market Analysis & Valuation
UpdatedJun 05, 2025
DataAggregated Company Financials
Companies71
- 7D3.8%
- 3M15.1%
- 1Y43.3%
- YTD27.9%
The market has climbed by 3.8% over the past week, with every sector up and the Financials sector leading the way. In the last year, the market has climbed 43%. 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 |
|---|---|---|---|---|---|---|
| Thu, 05 Jun 2025 | د.م965.8b | د.م313.1b | د.م37.3b | 24.3x | 25.9x | 3.1x |
| Sat, 03 May 2025 | د.م898.7b | د.م294.8b | د.م33.2b | 23.7x | 27.1x | 3x |
| Mon, 31 Mar 2025 | د.م909.7b | د.م299.4b | د.م34.6b | 23.7x | 26.3x | 3x |
| Wed, 26 Feb 2025 | د.م856.4b | د.م297.8b | د.م33.6b | 23.9x | 25.5x | 2.9x |
| Fri, 24 Jan 2025 | د.م792.3b | د.م297.1b | د.م32.8b | 23x | 24.2x | 2.7x |
| Sun, 22 Dec 2024 | د.م742.5b | د.م299.1b | د.م32.8b | 22.1x | 22.6x | 2.5x |
| Tue, 19 Nov 2024 | د.م746.7b | د.م294.1b | د.م32.1b | 22.7x | 23.3x | 2.5x |
| Thu, 17 Oct 2024 | د.م703.8b | د.م294.1b | د.م32.1b | 21.3x | 21.9x | 2.4x |
| Sat, 14 Sep 2024 | د.م712.0b | د.م291.1b | د.م30.1b | 24x | 23.6x | 2.4x |
| Mon, 12 Aug 2024 | د.م704.9b | د.م291.1b | د.م30.0b | 22.3x | 23.5x | 2.4x |
| Wed, 10 Jul 2024 | د.م683.6b | د.م290.7b | د.م34.0b | 21.9x | 20.1x | 2.4x |
| Fri, 07 Jun 2024 | د.م676.8b | د.م290.4b | د.م33.9b | 22x | 19.9x | 2.3x |
| Sun, 05 May 2024 | د.م687.9b | د.م291.3b | د.م33.1b | 21.7x | 20.8x | 2.4x |
| Tue, 02 Apr 2024 | د.م660.0b | د.م282.3b | د.م32.5b | 23.4x | 20.3x | 2.3x |
| Thu, 29 Feb 2024 | د.م667.9b | د.م282.7b | د.م32.6b | 22.8x | 20.5x | 2.4x |
| Sat, 27 Jan 2024 | د.م645.7b | د.م283.6b | د.م32.7b | 21.7x | 19.7x | 2.3x |
| Mon, 25 Dec 2023 | د.م620.5b | د.م282.8b | د.م32.0b | 20.7x | 19.4x | 2.2x |
| Wed, 22 Nov 2023 | د.م603.9b | د.م276.2b | د.م30.6b | 20x | 19.7x | 2.2x |
| Fri, 20 Oct 2023 | د.م618.2b | د.م275.0b | د.م29.7b | 20.7x | 20.8x | 2.2x |
| Sun, 17 Sep 2023 | د.م597.2b | د.م271.5b | د.م30.6b | 20x | 19.5x | 2.2x |
| Tue, 15 Aug 2023 | د.م612.8b | د.م264.8b | د.م29.5b | 21.1x | 20.8x | 2.3x |
| Thu, 13 Jul 2023 | د.م588.3b | د.م258.7b | د.م26.8b | 20.7x | 22x | 2.3x |
| Sat, 10 Jun 2023 | د.م563.1b | د.م255.5b | د.م26.6b | 21.1x | 21.2x | 2.2x |
| Mon, 08 May 2023 | د.م530.3b | د.م252.8b | د.م27.3b | 19x | 19.4x | 2.1x |
| Wed, 05 Apr 2023 | د.م538.4b | د.م239.6b | د.م26.8b | 18.7x | 20.1x | 2.2x |
| Fri, 03 Mar 2023 | د.م555.6b | د.م234.8b | د.م26.6b | 19.8x | 20.9x | 2.4x |
| Sun, 29 Jan 2023 | د.م521.9b | د.م234.6b | د.م27.5b | 17.8x | 19x | 2.2x |
| Tue, 27 Dec 2022 | د.م564.3b | د.م258.9b | د.م28.4b | 20.4x | 19.9x | 2.2x |
| Thu, 24 Nov 2022 | د.م551.3b | د.م257.2b | د.م28.0b | 19.4x | 19.7x | 2.1x |
| Sat, 22 Oct 2022 | د.م557.0b | د.م256.5b | د.م27.7b | 20.2x | 20.1x | 2.2x |
| Mon, 19 Sep 2022 | د.م618.7b | د.م244.6b | د.م26.8b | 25x | 23.1x | 2.5x |
| Wed, 17 Aug 2022 | د.م618.5b | د.م244.6b | د.م26.8b | 23.9x | 23.1x | 2.5x |
| Fri, 15 Jul 2022 | د.م596.3b | د.م244.8b | د.م29.2b | 21.9x | 20.4x | 2.4x |
| Sun, 12 Jun 2022 | د.م636.8b | د.م246.2b | د.م28.2b | 23.7x | 22.6x | 2.6x |
Price to Earnings Ratio
22.6x
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 25.9x which is higher than its 3-year average PE of 21.5x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 9.8% per year over the last three years.
- Revenues for these companies have grown 8.3% 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 | 3.81% | |
| Utilities | 7.66% | |
| Real Estate | 7.19% | |
| Industrials | 5.36% | |
| Financials | 4.32% | |
| Energy | 3.61% | |
| Healthcare | 3.32% | |
| Telecom | 2.98% | |
| Materials | 1.73% | |
| Tech | 0.91% | |
| Consumer Discretionary | 0.54% | |
| Consumer Staples | 0.42% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 27.6x.
- 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 Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 16.6x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 7.0% 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 | |
|---|---|---|---|---|---|---|
| BOA Bank of Africa | د.م277.00 | 17.9% +د.م9.1b | 44.3% | PB2x | Financials | |
| BCP Banque Centrale Populaire | د.م306.00 | 12.5% +د.م6.9b | 4.4% | PB1.6x | Financials | |
| MSA Société d'Exploitation des Ports | د.م863.00 | 7.8% +د.م4.6b | 197.6% | PE50x | Industrials | |
| ATW Attijariwafa bank | د.م683.50 | 3.1% +د.م4.2b | 33.4% | PB2.1x | Financials | |
| TQM TAQA Morocco | د.م3.08k | 4.8% +د.م3.3b | 126.6% | PE68.9x | Utilities |
