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Moroccan (MASI) Financials Sector Analysis

UpdatedDec 07, 2023
DataAggregated Company Financials
Companies15
  • 7D-0.3%
  • 3M1.7%
  • 1Y10.4%
  • YTD15.2%

Over the last 7 days, the Financials industry has remained flat, although notably Banque Marocaine pour le Commerce et l'Industrie declined by 5.8%. The past year has been better, since the industry has gained 10% in that time. Looking forward, earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

Has the Moroccan Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 07 Dec 2023د.م246.3bد.م90.6bد.م15.7b19.6x15.7x2.7x
Sat, 04 Nov 2023د.م249.0bد.م88.3bد.م14.6b19.4x17.1x2.8x
Mon, 02 Oct 2023د.م247.7bد.م87.3bد.م14.0b20.7x17.7x2.8x
Wed, 30 Aug 2023د.م244.2bد.م79.8bد.م12.7b21.2x19.2x3.1x
Fri, 28 Jul 2023د.م242.6bد.م79.8bد.م12.8b20.1x19x3x
Sun, 25 Jun 2023د.م239.9bد.م87.1bد.م13.2b20.2x18.2x2.8x
Tue, 23 May 2023د.م223.5bد.م86.4bد.م12.9b20.8x17.3x2.6x
Thu, 20 Apr 2023د.م218.7bد.م86.4bد.م12.9b19.6x16.9x2.5x
Sat, 18 Mar 2023د.م215.2bد.م84.4bد.م12.9b21.5x16.7x2.6x
Mon, 13 Feb 2023د.م211.7bد.م83.6bد.م12.6b20.7x16.8x2.5x
Wed, 11 Jan 2023د.م198.6bد.م83.6bد.م12.6b19.2x15.7x2.4x
Fri, 09 Dec 2022د.م218.2bد.م87.0bد.م12.7b21.9x17.2x2.5x
Sun, 06 Nov 2022د.م208.8bد.م85.8bد.م12.2b21.9x17.1x2.4x
Tue, 04 Oct 2022د.م222.4bد.م86.3bد.م12.8b21.7x17.4x2.6x
Thu, 01 Sep 2022د.م233.3bد.م85.9bد.م12.8b22.3x18.3x2.7x
Sat, 30 Jul 2022د.م230.5bد.م85.9bد.م12.8b22x18.1x2.7x
Mon, 27 Jun 2022د.م236.3bد.م86.0bد.م12.8b21.2x18.5x2.7x
Wed, 25 May 2022د.م240.4bد.م83.9bد.م12.9b19.7x18.6x2.9x
Fri, 22 Apr 2022د.م252.4bد.م83.2bد.م12.7b19.9x19.9x3x
Sun, 20 Mar 2022د.م257.9bد.م82.1bد.م12.4b22.2x20.7x3.1x
Tue, 15 Feb 2022د.م273.8bد.م81.7bد.م12.2b23.4x22.5x3.4x
Thu, 13 Jan 2022د.م265.0bد.م81.7bد.م12.2b21.7x21.8x3.2x
Sat, 11 Dec 2021د.م260.7bد.م81.5bد.م12.1b21.3x21.5x3.2x
Mon, 08 Nov 2021د.م262.8bد.م78.9bد.م11.1b25x23.7x3.3x
Wed, 06 Oct 2021د.م252.7bد.م77.7bد.م10.6b24.8x23.9x3.3x
Fri, 03 Sep 2021د.م245.0bد.م74.3bد.م8.0b28.7x30.6x3.3x
Sun, 01 Aug 2021د.م237.3bد.م74.3bد.م8.0b28.8x29.6x3.2x
Wed, 05 May 2021د.م227.5bد.م73.6bد.م7.6b30.9x29.8x3.1x
Sat, 06 Feb 2021د.م226.9bد.م72.9bد.م6.6b33.2x34.3x3.1x
Price to Earnings Ratio

33.3x


Total Market Cap: د.م220.6bTotal Earnings: د.م6.6bTotal Revenue: د.م72.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Financials Sector Price to Earnings3Y Average 22x20222023
Current Industry PE
  • Investors are pessimistic on the Moroccan Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.7x which is lower than its 3-year average PE of 22.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 33% per year over the last three years.
  • Revenues for these companies have grown 7.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Moroccan Financials sector?

MA Market-0.15%
Financials-0.28%
Consumer Finance3.22%
Mortgage Finance0%
Mortgage REITs0%
Capital Markets0%
Banks-0.21%
Diversified Financial-0.33%
Insurance-1.34%
Industry PE
  • Investors are most optimistic about the Consumer Finance industry even though it's trading below its 3-year average PE ratio of 71.2x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 22.1x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 9.8% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CDM Crédit du Marocد.م750.002.0%
+د.م163.2m		27.1%PB1.2x
ATL AtlantaSanad Société Anonymeد.م121.952.1%
+د.م150.7m		3.8%PE17.1x
EQD Societe d'Equipement Domestique et Menager (EQDOM)د.م1.11k5.6%
+د.م98.5m		10.9%n/a
SLF Salafinد.م532.006.2%
+د.م96.8m		-9.4%PE21.5x
SAH Sanlam Marocد.م1.30k1.3%
+د.م65.9m		29.5%PE20.4x
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Latest News

CIH

د.م352.00

Crédit Immobilier et Hôtelier Société Anonyme

7D

0.6%

1Y

15.1%

SAH

د.م1,295.00

Sanlam Maroc

7D

1.3%

1Y

29.5%

ATW

د.م458.00

Attijariwafa bank

7D

-0.2%

1Y

11.7%

MLE

د.م350.00

Maroc Leasing

7D

-5.4%

1Y

-1.4%

ATL

د.م121.95

AtlantaSanad Société Anonyme

7D

2.1%

1Y

3.8%

EQD

د.م1,109.00

Societe d'Equipement Domestique et Menager (EQDOM)

7D

5.6%

1Y

10.9%

BCI

د.م502.00

Banque Marocaine pour le Commerce et l'Industrie

7D

-3.5%

1Y

14.1%

HPS

د.م610.00

Hightech Payment Systems

7D

-0.3%

1Y

-4.7%

WAA

د.م3,950.00

Wafa Assurance

7D

-4.4%

1Y

6.8%

BCP

د.م266.00

Banque Centrale Populaire

7D

-0.4%

1Y

14.2%

AFM

د.م1,234.00

AFMA

7D

2.0%

1Y

-5.1%

CDM

د.م750.00

Crédit du Maroc

7D

2.0%

1Y

27.1%

SLF

د.م532.00

Salafin

7D

6.2%

1Y

-9.4%