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Moroccan (MASI) Banks Industry Analysis

UpdatedNov 26, 2022
DataAggregated Company Financials
Companies6
  • 7D1.1%
  • 3M-7.9%
  • 1Y-14.6%
  • YTD-14.7%

Banque Centrale Populaire is up 1.3%, leading the way for the Banks industry, which has gained 3.6%. In the past year, the industry is down 16%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the Moroccan Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 27 Nov 2022د.م184.4bد.م56.9bد.م11.1b15.7x16.6x3.2x
Tue, 25 Oct 2022د.م180.2bد.م56.7bد.م11.0b15.4x16.4x3.2x
Thu, 22 Sep 2022د.م200.1bد.م56.0bد.م11.1b17.3x18.1x3.6x
Sat, 20 Aug 2022د.م200.8bد.م56.0bد.م11.1b17.3x18.2x3.6x
Mon, 18 Jul 2022د.م198.2bد.م56.0bد.م11.1b17.2x17.9x3.5x
Wed, 15 Jun 2022د.م201.8bد.م56.0bد.م11.1b17.8x18.3x3.6x
Fri, 13 May 2022د.م206.3bد.م54.7bد.م10.4b18.7x19.9x3.8x
Sun, 10 Apr 2022د.م214.1bد.م54.0bد.م10.3b21x20.8x4x
Tue, 08 Mar 2022د.م210.9bد.م54.1bد.م10.1b22.1x20.8x3.9x
Thu, 03 Feb 2022د.م234.2bد.م53.7bد.م9.9b23.2x23.7x4.4x
Sat, 01 Jan 2022د.م224.1bد.م53.7bد.م9.9b21.4x22.7x4.2x
Mon, 29 Nov 2021د.م221.3bد.م52.4bد.م9.5b24.4x23.2x4.2x
Wed, 27 Oct 2021د.م226.9bد.م51.2bد.م8.8b25x25.8x4.4x
Fri, 24 Sep 2021د.م215.8bد.م49.3bد.م6.9b29.2x31.3x4.4x
Sun, 22 Aug 2021د.م208.9bد.م49.1bد.م6.8b30.7x30.7x4.3x
Fri, 09 Jul 2021د.م205.0bد.م49.1bد.م6.8b30.3x30.1x4.2x
Thu, 01 Apr 2021د.م193.1bد.م48.5bد.م6.4b32.2x30.1x4x
Sun, 03 Jan 2021د.م190.5bد.م47.7bد.م5.4b43.7x35.2x4x
Wed, 07 Oct 2020د.م164.9bد.م50.8bد.م7.3b23.5x22.6x3.2x
Tue, 30 Jun 2020د.م165.8bد.م52.8bد.م8.5b21.1x19.5x3.1x
Fri, 03 Apr 2020د.م172.5bد.م55.2bد.م10.9b17x15.8x3.1x
Mon, 06 Jan 2020د.م222.2bد.م55.8bد.م12.3b18.4x18.1x4x
Price to Earnings Ratio

17.5x


Total Market Cap: د.م216.3bTotal Earnings: د.م12.4bTotal Revenue: د.م55.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Banks Industry Price to Earnings3Y Average 22.9x202020212022
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 16.5x which is lower than its 3-year average PE of 23.0x.
  • The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have declined 3.5% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 industry?

MA Market-0.059%
Financials1.28%
Banks1.10%
Diversified Banks1.10%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 23.0x.
    • Analysts are expecting annual earnings growth of 16.3%, which is lower than the prior year's growth of 30.2% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 23.0x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified 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 Diversified 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
ATW Attijariwafa bankد.م409.951.2%
+د.م999.5m
-14.6%PB1.6x
BCP Banque Centrale Populaireد.م230.001.3%
+د.م609.6m
-17.0%PB1.4x
BOA Bank of Africaد.م165.501.5%
+د.م521.9m
-10.6%PB1.4x
CIH Crédit Immobilier et Hôtelier Société Anonymeد.م293.503.3%
+د.م269.1m
-11.1%PB1.4x
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Latest News

CIH

د.م293.50

Crédit Immobilier et Hôtelier Société Anonyme

7D

3.3%

1Y

-11.1%

CDM

د.م570.00

Crédit du Maroc

7D

-3.4%

1Y

-3.4%

ATW

د.م409.95

Attijariwafa bank

7D

1.2%

1Y

-14.6%

BCP

د.م230.00

Banque Centrale Populaire

7D

1.3%

1Y

-17.0%

BOA

د.م165.50

Bank of Africa

7D

1.5%

1Y

-10.6%

BCI

د.م442.00

Banque Marocaine pour le Commerce et l'Industrie

7D

-2.8%

1Y

-29.7%