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Moroccan (MASI) Market Analysis & Valuation

UpdatedOct 02, 2023
DataAggregated Company Financials
Companies70
  • 7D-0.2%
  • 3M1.0%
  • 1Y-0.5%
  • YTD8.6%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 3.5% in that time. Similarly, the market is flat for the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.

Market Valuation and Performance

Has the Moroccan Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Oct 2023د.م600.3bد.م274.0bد.م30.7b20.5x19.6x2.2x
Thu, 31 Aug 2023د.م607.3bد.م264.7bد.م29.4b21.2x20.6x2.3x
Sat, 29 Jul 2023د.م616.2bد.م259.6bد.م29.2b20.6x21.1x2.4x
Mon, 26 Jun 2023د.م587.1bد.م263.3bد.م27.1b20.2x21.7x2.2x
Wed, 24 May 2023د.م550.9bد.م255.9bد.م26.6b21.3x20.7x2.2x
Fri, 21 Apr 2023د.م537.2bد.م251.3bد.م27.6b17.9x19.5x2.1x
Sun, 19 Mar 2023د.م522.6bد.م233.7bد.م26.3b18.4x19.9x2.2x
Tue, 14 Feb 2023د.م551.7bد.م234.6bد.م27.5b19.3x20.1x2.4x
Thu, 12 Jan 2023د.م514.5bد.م233.1bد.م27.4b17.5x18.8x2.2x
Sat, 10 Dec 2022د.م570.4bد.م257.6bد.م28.1b20.2x20.3x2.2x
Mon, 07 Nov 2022د.م545.4bد.م257.0bد.م27.9b19.1x19.6x2.1x
Wed, 05 Oct 2022د.م591.0bد.م250.9bد.م28.3b21.6x20.9x2.4x
Fri, 02 Sep 2022د.م615.8bد.م244.6bد.م26.8b24.3x23x2.5x
Sun, 31 Jul 2022د.م600.5bد.م244.6bد.م26.8b22.8x22.4x2.5x
Tue, 28 Jun 2022د.م610.1bد.م246.4bد.م28.7b23.8x21.3x2.5x
Thu, 26 May 2022د.م628.0bد.م243.6bد.م28.3b23.5x22.2x2.6x
Sat, 23 Apr 2022د.م665.1bد.م236.5bد.م27.1b24.3x24.5x2.8x
Mon, 21 Mar 2022د.م655.8bد.م236.0bد.م26.8b23.1x24.5x2.8x
Wed, 16 Feb 2022د.م699.2bد.م235.7bد.م26.4b25.5x26.5x3x
Fri, 14 Jan 2022د.م688.0bد.م235.7bد.م26.4b25.5x26.1x2.9x
Sun, 12 Dec 2021د.م676.9bد.م236.5bد.م26.4b24.7x25.7x2.9x
Tue, 09 Nov 2021د.م680.4bد.م234.4bد.م25.8b25.5x26.3x2.9x
Thu, 07 Oct 2021د.م662.0bد.م229.7bد.م24.6b27.2x26.9x2.9x
Sat, 04 Sep 2021د.م645.0bد.م224.8bد.م20.8b31.3x30.9x2.9x
Mon, 02 Aug 2021د.م627.6bد.م224.8bد.م20.8b30.5x30.1x2.8x
Thu, 06 May 2021د.م599.6bد.م224.4bد.م20.0b29.5x29.9x2.7x
Sun, 07 Feb 2021د.م590.5bد.م224.0bد.م18.6b27.1x31.8x2.6x
Sat, 31 Oct 2020د.م532.3bد.م229.7bد.م18.7b24.7x28.4x2.3x
Price to Earnings Ratio

27.1x


Total Market Cap: د.م507.9bTotal Earnings: د.م18.7bTotal Revenue: د.م229.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Market Price to Earnings3Y Average 24.8x202120222023
Current Market PE
  • Investors are pessimistic on the Moroccan market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 19.6x which is lower than its 3-year average PE of 24.8x.
Past Earnings Growth
  • The earnings for Moroccan listed companies have grown 18% per year over the last three years.
  • Revenues for these companies have grown 6.1% 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-0.19%
Healthcare3.99%
Utilities1.66%
Industrials1.65%
Consumer Staples0.35%
Financials0.12%
Tech0.068%
Energy0%
Consumer Discretionary-0.37%
Telecom-0.69%
Materials-1.50%
Real Estate-6.57%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 3.8x.
    • Analysts are expecting annual earnings growth of 42.6%, which is lower than the prior year's growth of 68.2% per year.
  • The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 23.2x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 43% over the next 5 years.
  • However this is lower than its past earnings growth rate of 68% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 4.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
BOA Bank of Africaد.م180.222.9%
+د.م1.0b
11.0%PB1.4xFinancials
SBM Societe des Boissons du Marocد.م2.80k7.3%
+د.م537.6m
16.7%PE19.8xConsumer Staples
AKT Akditalد.م483.008.5%
+د.م480.7m
n/aPE47.5xHealthcare
TQM TAQA Moroccoد.م1.05k1.9%
+د.م471.8m
-7.9%PE21.4xUtilities
MSA Société d'Exploitation des Portsد.م267.001.1%
+د.م220.2m
7.3%PE22.6xIndustrials
See more
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Latest News

ADH

د.م15.36

Douja Promotion Groupe Addoha

7D

-11.1%

1Y

99.7%

SBM

د.م2,800.00

Societe des Boissons du Maroc

7D

7.3%

1Y

16.7%

AKT

د.م483.00

Akdital

7D

8.5%

1Y

n/a

TQM

د.م1,050.00

TAQA Morocco

7D

1.9%

1Y

-7.9%

IAM

د.م100.60

Itissalat Al-Maghrib (IAM)

7D

-0.7%

1Y

-12.1%

CSR

د.م193.00

Cosumar

7D

-2.1%

1Y

-5.9%

TGC

د.م154.40

Travaux Généraux de Construction de Casablanca

7D

2.9%

1Y

17.7%

LHM

د.م1,665.00

LafargeHolcim Maroc

7D

-0.9%

1Y

3.4%

BCI

د.م559.00

Banque Marocaine pour le Commerce et l'Industrie

7D

-2.5%

1Y

21.5%

DHO

د.م35.55

delta holding

7D

4.9%

1Y

31.8%

CMA

د.م1,480.00

Ciments du Maroc Société Anonyme

7D

-3.5%

1Y

0.7%

BOA

د.م180.22

Bank of Africa

7D

2.9%

1Y

11.0%

LBV

د.م4,600.00

Label Vie

7D

1.5%

1Y

-2.2%

MNG

د.م1,650.00

Managem

7D

-1.8%

1Y

-31.3%

BCP

د.م253.00

Banque Centrale Populaire

7D

-1.2%

1Y

5.4%