Moroccan (MASI) Financials Sector Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies16
- 7D-0.6%
- 3M3.4%
- 1Y24.2%
- YTD8.1%
The Financials is pretty flat in the last 7 days, but Sanlam Maroc has stood out, gaining 9.4%. The past year has been better, since the industry has gained 24% in that time. Looking forward, earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | د.م280.1b | د.م100.3b | د.م17.4b | 19.7x | 16.1x | 2.8x |
| Wed, 20 Mar 2024 | د.م278.9b | د.م98.1b | د.م17.6b | 19.1x | 15.9x | 2.8x |
| Fri, 16 Feb 2024 | د.م277.7b | د.م97.5b | د.م17.3b | 19.3x | 16.1x | 2.8x |
| Sun, 14 Jan 2024 | د.م266.1b | د.م97.0b | د.م17.3b | 19x | 15.4x | 2.7x |
| Tue, 12 Dec 2023 | د.م248.9b | د.م90.7b | د.م15.6b | 19.8x | 15.9x | 2.7x |
| Thu, 09 Nov 2023 | د.م249.7b | د.م88.3b | د.م14.6b | 19.4x | 17.2x | 2.8x |
| Sat, 07 Oct 2023 | د.م257.7b | د.م87.6b | د.م14.1b | 20.6x | 18.3x | 2.9x |
| Mon, 04 Sep 2023 | د.م245.6b | د.م85.2b | د.م13.2b | 20.4x | 18.7x | 2.9x |
| Wed, 02 Aug 2023 | د.م246.5b | د.م79.8b | د.م12.8b | 20.8x | 19.3x | 3.1x |
| Fri, 30 Jun 2023 | د.م242.4b | د.م87.1b | د.م13.2b | 20x | 18.3x | 2.8x |
| Sun, 28 May 2023 | د.م228.5b | د.م86.4b | د.م12.9b | 20.8x | 17.7x | 2.6x |
| Tue, 25 Apr 2023 | د.م220.3b | د.م86.4b | د.م12.9b | 20.4x | 17x | 2.5x |
| Thu, 23 Mar 2023 | د.م216.7b | د.م84.2b | د.م12.8b | 21.5x | 17x | 2.6x |
| Sat, 18 Feb 2023 | د.م212.8b | د.م83.6b | د.م12.6b | 20.9x | 16.8x | 2.5x |
| Mon, 16 Jan 2023 | د.م204.5b | د.م83.6b | د.م12.6b | 20.4x | 16.2x | 2.4x |
| Wed, 14 Dec 2022 | د.م219.7b | د.م87.0b | د.م12.7b | 21.8x | 17.3x | 2.5x |
| Fri, 11 Nov 2022 | د.م202.4b | د.م86.4b | د.م12.4b | 21.1x | 16.3x | 2.3x |
| Sun, 09 Oct 2022 | د.م226.6b | د.م86.3b | د.م12.8b | 21.6x | 17.7x | 2.6x |
| Tue, 06 Sep 2022 | د.م232.2b | د.م85.9b | د.م12.8b | 22.3x | 18.2x | 2.7x |
| Thu, 04 Aug 2022 | د.م229.9b | د.م85.9b | د.م12.8b | 22x | 18x | 2.7x |
| Sat, 02 Jul 2022 | د.م230.0b | د.م86.0b | د.م12.8b | 21x | 18x | 2.7x |
| Mon, 30 May 2022 | د.م238.2b | د.م84.0b | د.م12.9b | 19.6x | 18.5x | 2.8x |
| Wed, 27 Apr 2022 | د.م251.0b | د.م83.2b | د.م12.7b | 20.1x | 19.8x | 3x |
| Fri, 25 Mar 2022 | د.م249.5b | د.م82.1b | د.م12.4b | 21.6x | 20.1x | 3x |
| Sun, 20 Feb 2022 | د.م270.3b | د.م81.7b | د.م12.2b | 23x | 22.2x | 3.3x |
| Tue, 18 Jan 2022 | د.م269.1b | د.م81.7b | د.م12.2b | 22.1x | 22.1x | 3.3x |
| Thu, 16 Dec 2021 | د.م258.9b | د.م81.5b | د.م12.1b | 21.3x | 21.3x | 3.2x |
| Sat, 13 Nov 2021 | د.م260.8b | د.م78.9b | د.م11.1b | 25x | 23.6x | 3.3x |
| Mon, 11 Oct 2021 | د.م255.9b | د.م78.9b | د.م11.1b | 24.2x | 23.1x | 3.2x |
| Wed, 08 Sep 2021 | د.م245.2b | د.م74.3b | د.م8.0b | 28.7x | 30.6x | 3.3x |
| Fri, 06 Aug 2021 | د.م241.3b | د.م74.3b | د.م8.0b | 29.3x | 30.1x | 3.2x |
| Mon, 10 May 2021 | د.م227.5b | د.م73.6b | د.م7.6b | 30.9x | 29.8x | 3.1x |
Price to Earnings Ratio
29.8x
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 16.1x which is lower than its 3-year average PE of 20.1x.
- 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 32% per year over the last three years.
- Revenues for these companies have grown 11% 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 | 0.85% | |
| Financials | -0.56% | |
| Insurance | 2.10% | |
| Diversified Financial | 0.70% | |
| Consumer Finance | 0.34% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Capital Markets | 0% | |
| Banks | -0.95% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry, which is trading close to its 3-year average PE ratio of 42.2x.
- Analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings decline of 14.6% per year.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 19.9x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings decline of 15% per year.
- In contrast, the Insurance industry is expected to see its earnings grow by 8.9% 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 | |
|---|---|---|---|---|---|
| SAH Sanlam Maroc | د.م1.70k | 5.9% +د.م391.1m | 98.0% | PE12.5x | |
| WAA Wafa Assurance | د.م4.20k | 0.8% +د.م122.5m | 10.5% | PE21.9x | |
| EQD Societe d'Equipement Domestique et Menager (EQDOM) | د.م1.23k | 5.9% +د.م113.6m | 25.1% | PE23.1x | |
| ATL AtlantaSanad Société Anonyme | د.م135.50 | 1.3% +د.م108.5m | 2.7% | PE18.7x | |
| AFM AFMA | د.م1.23k | 3.6% +د.م43.0m | -4.8% | PE19.5x |