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Moroccan (MASI) Banks Industry Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies7
  • 7D0.1%
  • 3M9.3%
  • 1Y28.2%
  • YTD8.6%

The Banks industry has stayed flat over the last week. As for the the longer term, the industry is up 28% over the past 12 months. As for the next few years, earnings are expected to grow by 6.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024د.م239.6bد.م67.0bد.م15.4b16.7x15.5x3.6x
Fri, 19 Jan 2024د.م230.2bد.م67.0bد.م15.4b15.5x14.9x3.4x
Sun, 17 Dec 2023د.م218.6bد.م64.5bد.م13.9b20.1x15.7x3.4x
Tue, 14 Nov 2023د.م211.6bد.م61.9bد.م13.1b17.6x16.1x3.4x
Thu, 12 Oct 2023د.م216.8bد.م61.2bد.م12.7b19.1x17.1x3.5x
Sat, 09 Sep 2023د.م203.0bد.م59.0bد.م11.7b18.7x17.3x3.4x
Mon, 07 Aug 2023د.م209.0bد.م59.0bد.م11.8b17.9x17.8x3.5x
Wed, 05 Jul 2023د.م203.4bد.م59.0bد.م11.7b18.2x17.3x3.4x
Fri, 02 Jun 2023د.م193.2bد.م58.3bد.م11.5b17.6x16.9x3.3x
Sun, 30 Apr 2023د.م184.4bد.م58.2bد.م11.5b15.8x16.1x3.2x
Tue, 28 Mar 2023د.م185.6bد.م57.3bد.م11.1b16.7x16.7x3.2x
Thu, 23 Feb 2023د.م185.0bد.م57.3bد.م11.3b14.9x16.4x3.2x
Sat, 21 Jan 2023د.م172.0bد.م57.3bد.م11.3b14.4x15.2x3x
Mon, 19 Dec 2022د.م183.9bد.م57.3bد.م11.3b15.4x16.3x3.2x
Wed, 16 Nov 2022د.م175.7bد.م56.7bد.م11.0b15x16x3.1x
Fri, 14 Oct 2022د.م190.5bد.م56.3bد.م11.1b16.3x17.2x3.4x
Sun, 11 Sep 2022د.م199.3bد.م56.0bد.م11.1b17.2x18x3.6x
Tue, 09 Aug 2022د.م196.7bد.م56.0bد.م11.1b17.1x17.8x3.5x
Thu, 07 Jul 2022د.م195.8bد.م56.0bد.م11.1b17.2x17.7x3.5x
Sat, 04 Jun 2022د.م207.4bد.م55.3bد.م10.6b18.4x19.5x3.8x
Mon, 02 May 2022د.م214.4bد.م54.6bد.م10.3b19.4x20.7x3.9x
Wed, 30 Mar 2022د.م216.0bد.م54.1bد.م10.1b21.9x21.3x4x
Fri, 25 Feb 2022د.م218.3bد.م53.7bد.م9.9b22.2x22.1x4.1x
Sun, 23 Jan 2022د.م230.0bد.م53.7bد.م9.9b22.2x23.3x4.3x
Tue, 21 Dec 2021د.م220.6bد.م53.7bد.م9.9b21.1x22.4x4.1x
Thu, 18 Nov 2021د.م222.3bد.م51.2bد.م8.8b24.5x25.3x4.3x
Sat, 16 Oct 2021د.م221.4bد.م51.2bد.م8.8b24.2x25.2x4.3x
Mon, 13 Sep 2021د.م213.1bد.م49.1bد.م6.8b31.6x31.3x4.3x
Wed, 11 Aug 2021د.م208.9bد.م49.1bد.م6.8b30.8x30.7x4.3x
Sun, 06 Jun 2021د.م202.3bد.م48.5bد.م6.4b33x31.5x4.2x
Wed, 10 Mar 2021د.م190.1bد.م47.7bد.م5.4b43.6x35.1x4x
Price to Earnings Ratio

35.1x


Total Market Cap: د.م190.1bTotal Earnings: د.م5.4bTotal Revenue: د.م47.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Banks Industry Price to Earnings3Y Average 20.9x202220232024
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 15.5x which is lower than its 3-year average PE of 20.9x.
  • The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 42% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market1.82%
Financials0.41%
Banks0.14%
Diversified Banks0.11%
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 20.8x.
    • Analysts are expecting annual earnings growth of 6.8%, which is lower than the prior year's growth of 23.6% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 20.8x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 6.8% over the next 5 years.
  • However this is lower than its past earnings growth rate of 24% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.8% 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.م507.000.7%
+د.م686.5m
29.0%PB1.8x
CIH Crédit Immobilier et Hôtelier Société Anonymeد.م368.005.7%
+د.م610.4m
22.7%PB1.7x
BCP Banque Centrale Populaireد.م297.000.7%
+د.م406.3m
30.3%PB1.7x
CFG CFG Bankد.م155.051.3%
+د.م83.0m
n/aPB6.3x
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Latest News

ATW

د.م507.00

Attijariwafa bank

7D

0.7%

1Y

29.0%

BCP

د.م297.00

Banque Centrale Populaire

7D

0.7%

1Y

30.3%

CFG

د.م155.05

CFG Bank

7D

1.3%

1Y

n/a

BOA

د.م200.00

Bank of Africa

7D

-2.7%

1Y

27.3%

CDM

د.م860.00

Crédit du Maroc

7D

-2.6%

1Y

26.7%