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Moroccan (MASI) Financials Sector Analysis

UpdatedDec 01, 2022
DataAggregated Company Financials
Companies14
  • 7D-0.1%
  • 3M-8.5%
  • 1Y-16.1%
  • YTD-15.7%

The Financials industry is up 1.2% in the last week, with Attijariwafa bank up 1.4%. However, the industry is down 14% over the past year. Earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022د.م213.8bد.م86.6bد.م12.5b21.7x17.1x2.5x
Sat, 29 Oct 2022د.م210.1bد.م85.8bد.م12.2b21.8x17.2x2.4x
Mon, 26 Sep 2022د.م236.2bد.م86.3bد.م12.9b23.2x18.3x2.7x
Wed, 24 Aug 2022د.م235.0bد.م85.9bد.م12.8b22.3x18.4x2.7x
Fri, 22 Jul 2022د.م232.4bد.م85.9bد.م12.8b21.9x18.2x2.7x
Sun, 19 Jun 2022د.م235.7bد.م86.0bد.م12.8b21.2x18.5x2.7x
Tue, 17 May 2022د.م244.3bد.م83.5bد.م12.6b20.1x19.4x2.9x
Thu, 14 Apr 2022د.م251.3bد.م82.8bد.م12.7b20x19.7x3x
Sat, 12 Mar 2022د.م252.7bد.م82.1bد.م12.4b22x20.3x3.1x
Mon, 07 Feb 2022د.م275.8bد.م81.7bد.م12.2b23.4x22.7x3.4x
Wed, 05 Jan 2022د.م259.1bد.م81.5bد.م12.1b21.3x21.3x3.2x
Fri, 03 Dec 2021د.م260.2bد.م80.1bد.م11.8b24.4x22.1x3.2x
Sun, 31 Oct 2021د.م264.8bد.م78.9bد.م11.1b25.3x23.9x3.4x
Tue, 28 Sep 2021د.م253.1bد.م75.2bد.م9.2b28.7x27.4x3.4x
Thu, 26 Aug 2021د.م243.6bد.م74.3bد.م8.0b28.5x30.4x3.3x
Fri, 02 Jul 2021د.م238.3bد.م74.3bد.م8.0b28.8x29.7x3.2x
Mon, 05 Apr 2021د.م224.3bد.م73.6bد.م7.6b30.5x29.4x3x
Thu, 07 Jan 2021د.م220.6bد.م72.9bد.م6.6b33.5x33.3x3x
Wed, 30 Sep 2020د.م192.3bد.م76.4bد.م8.3b25.3x23.1x2.5x
Sat, 04 Jul 2020د.م192.5bد.م75.8bد.م9.2b20.7x20.8x2.5x
Tue, 07 Apr 2020د.م198.1bد.م79.1bد.م12.2b18x16.2x2.5x
Fri, 10 Jan 2020د.م252.1bد.م80.7bد.م14.1b16.9x17.9x3.1x
Price to Earnings Ratio

17.4x


Total Market Cap: د.م246.0bTotal Earnings: د.م14.1bTotal Revenue: د.م79.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Financials Sector Price to Earnings3Y Average 22.8x202020212022
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 17.2x which is lower than its 3-year average PE of 22.8x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have declined 3.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

MA Market1.00%
Financials-0.12%
Insurance2.80%
Consumer Finance1.53%
Mortgage Finance0%
Mortgage REITs0%
Diversified Financial0%
Capital Markets0%
Banks-0.58%
Industry PE
  • Investors are most optimistic about the Consumer Finance industry even though it's trading below its 3-year average PE ratio of 64.1x.
    • 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 23.1x.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 30% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 16% 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
WAA Wafa Assuranceد.م3.80k5.6%
+د.م700.0m
-17.8%PE22.1x
SAH Sanlam Marocد.م1.03k2.5%
+د.م102.9m
-29.0%PE42.4x
EQD Societe d'Equipement Domestique et Menager (EQDOM)د.م990.003.1%
+د.م50.1m
-32.2%PE50.7x
CIH Crédit Immobilier et Hôtelier Société Anonymeد.م297.000.3%
+د.م28.3m
-11.1%PB1.5x
SLF Salafinد.م548.000.9%
+د.م15.6m
-31.5%PE19.3x
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Latest News

MLE

د.م355.00

Maroc Leasing

7D

-0.03%

1Y

-9.0%

CIH

د.م297.00

Crédit Immobilier et Hôtelier Société Anonyme

7D

0.3%

1Y

-11.1%

CDM

د.م570.00

Crédit du Maroc

7D

-3.4%

1Y

-3.4%

WAA

د.م3,800.00

Wafa Assurance

7D

5.6%

1Y

-17.8%

SAH

د.م1,030.00

Sanlam Maroc

7D

2.5%

1Y

-29.0%

ATL

د.م118.95

AtlantaSanad Société Anonyme

7D

-0.8%

1Y

3.4%

BCP

د.م227.00

Banque Centrale Populaire

7D

-1.3%

1Y

-18.6%

BOA

د.م165.00

Bank of Africa

7D

-0.3%

1Y

-10.6%

BCI

د.م430.00

Banque Marocaine pour le Commerce et l'Industrie

7D

-2.8%

1Y

-31.8%

SLF

د.م548.00

Salafin

7D

0.9%

1Y

-31.5%