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Moroccan (MASI) Banks Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies7
- 7D0.4%
- 3M1.8%
- 1Y15.9%
- YTD16.3%
In the last week, the Banks industry is flat overall, with Crédit du Maroc standing out by going down 3.2%. As for the the longer term, the industry is up 16% over the past 12 months. Looking forward, earnings are forecast to grow by 8.6% annually.
Industry Valuation and Performance
Has the Moroccan Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | د.م257.0b | د.م71.8b | د.م17.8b | 15.9x | 14.4x | 3.6x |
| Tue, 19 Nov 2024 | د.م260.2b | د.م71.3b | د.م17.4b | 17.7x | 14.9x | 3.6x |
| Thu, 17 Oct 2024 | د.م244.5b | د.م71.3b | د.م17.4b | 16.8x | 14x | 3.4x |
| Sat, 14 Sep 2024 | د.م249.3b | د.م68.7b | د.م16.2b | 17.1x | 15.4x | 3.6x |
| Mon, 12 Aug 2024 | د.م252.9b | د.م68.5b | د.م16.2b | 18.2x | 15.6x | 3.7x |
| Wed, 10 Jul 2024 | د.م244.8b | د.م68.5b | د.م16.2b | 17.5x | 15.2x | 3.6x |
| Fri, 07 Jun 2024 | د.م240.4b | د.م68.5b | د.م16.2b | 17.1x | 14.9x | 3.5x |
| Sun, 05 May 2024 | د.م240.1b | د.م66.7b | د.م15.2b | 17.2x | 15.8x | 3.6x |
| Tue, 02 Apr 2024 | د.م238.0b | د.م66.6b | د.م15.2b | 17.1x | 15.7x | 3.6x |
| Thu, 29 Feb 2024 | د.م244.4b | د.م67.0b | د.م15.4b | 16.8x | 15.9x | 3.6x |
| Sat, 27 Jan 2024 | د.م230.4b | د.م67.0b | د.م15.4b | 16.2x | 14.9x | 3.4x |
| Mon, 25 Dec 2023 | د.م221.4b | د.م65.3b | د.م14.7b | 17.1x | 15.1x | 3.4x |
| Wed, 22 Nov 2023 | د.م213.4b | د.م62.0b | د.م13.2b | 17.6x | 16.2x | 3.4x |
| Fri, 20 Oct 2023 | د.م215.3b | د.م61.2b | د.م12.7b | 18.4x | 17x | 3.5x |
| Sun, 17 Sep 2023 | د.م203.3b | د.م60.5b | د.م12.5b | 18.5x | 16.3x | 3.4x |
| Tue, 15 Aug 2023 | د.م206.0b | د.م59.0b | د.م11.8b | 17.9x | 17.5x | 3.5x |
| Thu, 13 Jul 2023 | د.م202.3b | د.م59.0b | د.م11.8b | 17.4x | 17.2x | 3.4x |
| Sat, 10 Jun 2023 | د.م195.4b | د.م58.2b | د.م11.5b | 17.7x | 17x | 3.4x |
| Mon, 08 May 2023 | د.م182.7b | د.م58.2b | د.م11.5b | 15.7x | 15.9x | 3.1x |
| Wed, 05 Apr 2023 | د.م184.5b | د.م57.3b | د.م11.1b | 16.7x | 16.6x | 3.2x |
| Fri, 03 Mar 2023 | د.م189.2b | د.م57.3b | د.م11.3b | 15.4x | 16.8x | 3.3x |
| Sun, 29 Jan 2023 | د.م169.3b | د.م57.3b | د.م11.3b | 14.1x | 15x | 3x |
| Tue, 27 Dec 2022 | د.م185.7b | د.م57.3b | د.م11.3b | 15.4x | 16.5x | 3.2x |
| Thu, 24 Nov 2022 | د.م183.5b | د.م56.9b | د.م11.1b | 15.6x | 16.5x | 3.2x |
| Sat, 22 Oct 2022 | د.م180.2b | د.م56.7b | د.م11.0b | 15.4x | 16.4x | 3.2x |
| Mon, 19 Sep 2022 | د.م200.2b | د.م56.0b | د.م11.1b | 17.3x | 18.1x | 3.6x |
| Wed, 17 Aug 2022 | د.م202.6b | د.م56.0b | د.م11.1b | 17.4x | 18.3x | 3.6x |
| Fri, 15 Jul 2022 | د.م196.0b | د.م56.0b | د.م11.1b | 17.1x | 17.7x | 3.5x |
| Sun, 12 Jun 2022 | د.م208.3b | د.م55.9b | د.م11.0b | 18.2x | 18.9x | 3.7x |
| Tue, 10 May 2022 | د.م210.6b | د.م54.7b | د.م10.4b | 19.2x | 20.3x | 3.8x |
| Thu, 07 Apr 2022 | د.م214.2b | د.م54.2b | د.م10.1b | 22.2x | 21.3x | 4x |
| Sat, 05 Mar 2022 | د.م218.3b | د.م54.1b | د.م10.1b | 22.6x | 21.5x | 4x |
| Mon, 31 Jan 2022 | د.م231.8b | د.م53.7b | د.م9.9b | 22.6x | 23.5x | 4.3x |
| Wed, 29 Dec 2021 | د.م222.9b | د.م53.7b | د.م9.9b | 21.1x | 22.6x | 4.1x |
Price to Earnings Ratio
22.6x
Current Industry PE
- Investors are pessimistic on the Moroccan Banks 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 14.4x which is lower than its 3-year average PE of 17.0x.
- The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 22% 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 industry?
| MA Market | -0.14% | |
| Financials | 0.11% | |
| Banks | 0.44% | |
| Diversified Banks | 0.34% | |
| Regional Banks | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 16.9x.
- Analysts are expecting annual earnings growth of 8.6%, which is lower than the prior year's growth of 21.1% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 16.9x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 8.6% over the next 5 years.
- However this is lower than its past earnings growth rate of 21% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 8.6% 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 | |
|---|---|---|---|---|---|
| BOA Bank of Africa | د.م198.00 | 1.5% +د.م647.4m | 9.8% | PB1.5x | |
| ATW Attijariwafa bank | د.م574.00 | 0.4% +د.م444.2m | 22.6% | PB1.9x | |
| CFG CFG Bank | د.م219.90 | 3.2% +د.م279.3m | 56.0% | PB5.4x | |
| BCI Banque Marocaine pour le Commerce et l'Industrie | د.م578.00 | 3.4% +د.م252.3m | 7.0% | PB1.1x |