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Moroccan (MASI) Banks Industry Analysis
UpdatedJan 14, 2025
DataAggregated Company Financials
Companies7
- 7D2.4%
- 3M11.1%
- 1Y20.5%
- YTD5.5%
In the last week, the Banks industry is up 2.3%, with Attijariwafa bank up 2.5%. This takes the industry's 12 month performance to a gain of 20%. As for the next few years, earnings are expected to grow by 8.7% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 14 Jan 2025 | د.م272.7b | د.م71.8b | د.م17.8b | 15.8x | 15.3x | 3.8x |
| Thu, 12 Dec 2024 | د.م255.7b | د.م71.8b | د.م17.8b | 15.9x | 14.3x | 3.6x |
| Sat, 09 Nov 2024 | د.م256.5b | د.م71.3b | د.م17.4b | 17.7x | 14.7x | 3.6x |
| Mon, 07 Oct 2024 | د.م246.5b | د.م71.4b | د.م17.4b | 16.6x | 14.1x | 3.5x |
| Wed, 04 Sep 2024 | د.م251.0b | د.م68.7b | د.م16.2b | 17.3x | 15.5x | 3.7x |
| Fri, 02 Aug 2024 | د.م254.2b | د.م68.7b | د.م16.2b | 16.7x | 15.6x | 3.7x |
| Sun, 30 Jun 2024 | د.م242.1b | د.م68.5b | د.م16.2b | 17.3x | 15x | 3.5x |
| Tue, 28 May 2024 | د.م240.1b | د.م66.7b | د.م15.2b | 17.2x | 15.8x | 3.6x |
| Thu, 25 Apr 2024 | د.م238.0b | د.م66.7b | د.م15.2b | 17.1x | 15.7x | 3.6x |
| Sat, 23 Mar 2024 | د.م237.9b | د.م67.7b | د.م15.8b | 16.4x | 15x | 3.5x |
| Mon, 19 Feb 2024 | د.م238.8b | د.م67.0b | د.م15.4b | 16.6x | 15.5x | 3.6x |
| Wed, 17 Jan 2024 | د.م226.5b | د.م67.0b | د.م15.4b | 15.4x | 14.7x | 3.4x |
| Fri, 15 Dec 2023 | د.م213.9b | د.م64.0b | د.م13.8b | 18.1x | 15.5x | 3.3x |
| Sun, 12 Nov 2023 | د.م210.9b | د.م61.9b | د.م13.1b | 17.5x | 16.1x | 3.4x |
| Tue, 10 Oct 2023 | د.م215.7b | د.م61.2b | د.م12.7b | 19.1x | 17x | 3.5x |
| Thu, 07 Sep 2023 | د.م205.4b | د.م59.0b | د.م11.7b | 18.9x | 17.5x | 3.5x |
| Sat, 05 Aug 2023 | د.م209.0b | د.م59.0b | د.م11.8b | 17.9x | 17.8x | 3.5x |
| Mon, 03 Jul 2023 | د.م205.7b | د.م59.0b | د.م11.7b | 18.4x | 17.5x | 3.5x |
| Wed, 31 May 2023 | د.م193.1b | د.م58.2b | د.م11.5b | 17.5x | 16.9x | 3.3x |
| Fri, 28 Apr 2023 | د.م183.8b | د.م58.2b | د.م11.5b | 15.8x | 16x | 3.2x |
| Sun, 26 Mar 2023 | د.م183.0b | د.م57.6b | د.م11.4b | 15.2x | 16.1x | 3.2x |
| Tue, 21 Feb 2023 | د.م182.1b | د.م57.3b | د.م11.3b | 14.9x | 16.1x | 3.2x |
| Thu, 19 Jan 2023 | د.م175.0b | د.م57.3b | د.م11.3b | 14.7x | 15.5x | 3.1x |
| Sat, 17 Dec 2022 | د.م183.9b | د.م57.3b | د.م11.3b | 15.4x | 16.3x | 3.2x |
| Mon, 14 Nov 2022 | د.م171.2b | د.م56.7b | د.م11.0b | 14.6x | 15.6x | 3x |
| Wed, 12 Oct 2022 | د.م195.3b | د.م56.3b | د.م11.1b | 16.7x | 17.6x | 3.5x |
| Fri, 09 Sep 2022 | د.م198.2b | د.م56.0b | د.م11.1b | 17.1x | 17.9x | 3.5x |
| Sun, 07 Aug 2022 | د.م197.2b | د.م56.0b | د.م11.1b | 17.1x | 17.8x | 3.5x |
| Tue, 05 Jul 2022 | د.م197.2b | د.م56.0b | د.م11.1b | 17.3x | 17.8x | 3.5x |
| Thu, 02 Jun 2022 | د.م151.7b | د.م40.7b | د.م8.9b | 16.4x | 17.1x | 3.7x |
| Sat, 30 Apr 2022 | د.م214.4b | د.م54.6b | د.م10.3b | 19.4x | 20.7x | 3.9x |
| Mon, 28 Mar 2022 | د.م212.8b | د.م54.1b | د.م10.1b | 21.9x | 21x | 3.9x |
| Wed, 23 Feb 2022 | د.م228.1b | د.م53.7b | د.م9.9b | 22.8x | 23.1x | 4.2x |
| Fri, 21 Jan 2022 | د.م229.2b | د.م53.7b | د.م9.9b | 22.1x | 23.2x | 4.3x |
Price to Earnings Ratio
23.2x
Current Industry PE
- Investors are relatively neutral on the Moroccan Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 16.8x.
- 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 | 2.53% | |
| Financials | 2.45% | |
| Banks | 2.38% | |
| Diversified Banks | 2.47% | |
| 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 16.7x.
- Analysts are expecting annual earnings growth of 8.7%, 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 16.7x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 8.7% 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 8.7% 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.م620.00 | 2.5% +د.م3.0b | 30.2% | PB2.1x | |
| BOA Bank of Africa | د.م214.85 | 2.6% +د.م1.2b | 19.5% | PB1.6x | |
| CDM Crédit du Maroc | د.م1.05k | 7.2% +د.م763.9m | 25.1% | PB1.6x | |
| BCP Banque Centrale Populaire | د.م288.00 | 1.1% +د.م629.8m | 1.4% | PB1.7x | |
| BCI Banque Marocaine pour le Commerce et l'Industrie | د.م665.00 | 6.4% +د.م531.2m | 15.7% | PB1.2x |