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Moroccan (MASI) Financials Sector Analysis
UpdatedOct 14, 2024
DataAggregated Company Financials
Companies16
- 7D0.04%
- 3M1.6%
- 1Y9.5%
- YTD11.5%
Over the last 7 days, the Financials industry has remained flat, although notably Banque Marocaine pour le Commerce et l'Industrie declined by 5.0%. As for the the longer term, the industry is up 9.5% over the past 12 months. Earnings are forecast to grow by 7.7% annually.
Sector Valuation and Performance
Has the Moroccan Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Oct 2024 | د.م289.3b | د.م106.0b | د.م19.7b | 18.5x | 14.7x | 2.7x |
| Thu, 12 Sep 2024 | د.م290.1b | د.م102.3b | د.م18.4b | 18.5x | 15.8x | 2.8x |
| Sat, 10 Aug 2024 | د.م292.5b | د.م102.1b | د.م18.4b | 19x | 15.9x | 2.9x |
| Mon, 08 Jul 2024 | د.م286.2b | د.م102.1b | د.م18.3b | 20x | 15.6x | 2.8x |
| Wed, 05 Jun 2024 | د.م281.5b | د.م102.1b | د.م18.3b | 19.4x | 15.4x | 2.8x |
| Fri, 03 May 2024 | د.م278.8b | د.م100.3b | د.م17.4b | 19.4x | 16x | 2.8x |
| Sun, 31 Mar 2024 | د.م279.7b | د.م97.8b | د.م17.1b | 19.5x | 16.3x | 2.9x |
| Tue, 27 Feb 2024 | د.م283.3b | د.م97.5b | د.م17.3b | 19.4x | 16.4x | 2.9x |
| Thu, 25 Jan 2024 | د.م270.9b | د.م97.0b | د.م17.3b | 19.2x | 15.7x | 2.8x |
| Sat, 23 Dec 2023 | د.م259.8b | د.م95.4b | د.م16.5b | 19x | 15.7x | 2.7x |
| Mon, 20 Nov 2023 | د.م249.8b | د.م88.3b | د.م14.6b | 19x | 17.2x | 2.8x |
| Wed, 18 Oct 2023 | د.م253.3b | د.م87.6b | د.م14.1b | 20.2x | 18x | 2.9x |
| Fri, 15 Sep 2023 | د.م240.7b | د.م85.2b | د.م13.2b | 20.5x | 18.3x | 2.8x |
| Sun, 13 Aug 2023 | د.م244.0b | د.م79.8b | د.م12.8b | 21.5x | 19.1x | 3.1x |
| Tue, 11 Jul 2023 | د.م239.7b | د.م79.8b | د.م12.8b | 20.2x | 18.7x | 3x |
| Thu, 08 Jun 2023 | د.م230.4b | د.م86.5b | د.م12.9b | 20.7x | 17.8x | 2.7x |
| Sat, 06 May 2023 | د.م218.5b | د.م86.4b | د.م12.9b | 20.7x | 16.9x | 2.5x |
| Mon, 03 Apr 2023 | د.م218.5b | د.م84.6b | د.م12.6b | 21.4x | 17.3x | 2.6x |
| Wed, 01 Mar 2023 | د.م225.7b | د.م83.6b | د.م12.6b | 20.9x | 17.9x | 2.7x |
| Fri, 27 Jan 2023 | د.م197.6b | د.م83.6b | د.م12.6b | 20.4x | 15.6x | 2.4x |
| Sun, 25 Dec 2022 | د.م216.0b | د.م87.0b | د.م12.7b | 21.6x | 17x | 2.5x |
| Tue, 22 Nov 2022 | د.م212.5b | د.م86.6b | د.م12.5b | 21.2x | 17x | 2.5x |
| Thu, 20 Oct 2022 | د.م218.3b | د.م85.8b | د.م12.2b | 21.6x | 17.9x | 2.5x |
| Sat, 17 Sep 2022 | د.م235.9b | د.م85.9b | د.م12.8b | 23.4x | 18.5x | 2.7x |
| Mon, 15 Aug 2022 | د.م236.1b | د.م85.9b | د.م12.8b | 22.2x | 18.5x | 2.7x |
| Wed, 13 Jul 2022 | د.م231.7b | د.م85.9b | د.م12.8b | 21.5x | 18.2x | 2.7x |
| Fri, 10 Jun 2022 | د.م244.9b | د.م85.2b | د.م12.4b | 21.6x | 19.8x | 2.9x |
| Sun, 08 May 2022 | د.م251.0b | د.م83.3b | د.م12.7b | 20.4x | 19.8x | 3x |
| Tue, 05 Apr 2022 | د.م251.0b | د.م82.1b | د.م12.4b | 22.2x | 20.3x | 3.1x |
| Thu, 03 Mar 2022 | د.م260.2b | د.م82.1b | د.م12.4b | 22.7x | 20.9x | 3.2x |
| Sat, 29 Jan 2022 | د.م270.8b | د.م81.7b | د.م12.2b | 22.6x | 22.3x | 3.3x |
| Mon, 27 Dec 2021 | د.م258.9b | د.م81.5b | د.م12.1b | 21.1x | 21.3x | 3.2x |
| Wed, 24 Nov 2021 | د.م261.0b | د.م79.7b | د.م11.6b | 25x | 22.6x | 3.3x |
| Fri, 22 Oct 2021 | د.م258.2b | د.م78.9b | د.م11.1b | 24.4x | 23.3x | 3.3x |
Price to Earnings Ratio
23.3x
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 14.7x which is lower than its 3-year average PE of 17.9x.
- The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 10% 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 | -0.25% | |
| Financials | 0.038% | |
| Insurance | 1.91% | |
| Consumer Finance | 0.10% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Capital Markets | 0% | |
| Banks | -0.18% | |
| Diversified Financial | -2.36% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry, which is trading close to its 3-year average PE ratio of 41.7x.
- Analysts are expecting annual earnings growth of 16.7%, which is higher than its past year's earnings decline of 0.6% per year.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 17.6x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 0.6% per year.
- In contrast, the Insurance industry is expected to see its earnings grow by 7.6% 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 | |
|---|---|---|---|---|---|
| ATW Attijariwafa bank | د.م535.00 | 0.9% +د.م1.0b | 14.2% | PB1.9x | |
| SAH Sanlam Maroc | د.م1.96k | 5.5% +د.م419.9m | n/a | PE14.4x | |
| BCP Banque Centrale Populaire | د.م289.90 | 0.7% +د.م406.3m | 10.6% | PB1.7x | |
| WAA Wafa Assurance | د.م4.55k | 1.6% +د.م248.5m | 7.1% | PE20.9x | |
| BOA Bank of Africa | د.م190.00 | 0.5% +د.م187.0m | 4.8% | PB1.5x |