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Moroccan (MASI) Industrials Sector Analysis

UpdatedNov 21, 2024
DataAggregated Company Financials
Companies9
  • 7D4.8%
  • 3M45.0%
  • 1Y119.5%
  • YTD114.1%

Over the last 7 days, the Industrials industry has risen 4.8%, driven by gains from Société d'Exploitation des Ports of 5.8%. Meanwhile, Société de Réalisations Mécaniques actually underperformed within the industry, shrinking 24% in the last week. This takes the industry's 12 month performance to a gain of 119%. As for the next few years, earnings are expected to grow by 7.5% per annum.

Sector Valuation and Performance

Has the Moroccan Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 Nov 2024د.م67.9bد.م20.1bد.م1.9b24.1x35.4x3.4x
Sun, 20 Oct 2024د.م54.8bد.م20.1bد.م1.9b23.4x28.6x2.7x
Tue, 17 Sep 2024د.م50.4bد.م19.0bد.م1.5b29.2x33.3x2.7x
Thu, 15 Aug 2024د.م46.6bد.م18.9bد.م1.5b26.7x31.1x2.5x
Sat, 13 Jul 2024د.م42.5bد.م18.9bد.م1.5b24.4x28.4x2.2x
Mon, 10 Jun 2024د.م39.3bد.م19.6bد.م1.5b23.1x25.9x2x
Wed, 08 May 2024د.م38.6bد.م18.5bد.م1.4b21.8x26.9x2.1x
Fri, 05 Apr 2024د.م35.9bد.م14.5bد.م1.2b25.5x29.7x2.5x
Sun, 03 Mar 2024د.م35.4bد.م14.5bد.م1.2b25.8x29.4x2.4x
Tue, 30 Jan 2024د.م33.2bد.م14.5bد.م1.2b24.1x27.5x2.3x
Thu, 28 Dec 2023د.م31.9bد.م15.1bد.م1.2b20.4x26.1x2.1x
Sat, 25 Nov 2023د.م31.2bد.م14.5bد.م1.2b20x26.5x2.2x
Mon, 23 Oct 2023د.م31.6bد.م14.5bد.م1.2b20.2x26.7x2.2x
Wed, 20 Sep 2023د.م29.1bد.م13.9bد.م1.1b21.3x25.6x2.1x
Fri, 18 Aug 2023د.م30.0bد.م13.9bد.م1.1b21.6x26.4x2.1x
Sun, 16 Jul 2023د.م29.4bد.م8.8bد.م890.7m23.4x33x3.4x
Tue, 13 Jun 2023د.م27.2bد.م8.3bد.م859.8m22.5x31.6x3.3x
Thu, 11 May 2023د.م25.4bد.م8.2bد.م864.8m20.9x29.4x3.1x
Sat, 08 Apr 2023د.م24.7bد.م8.4bد.م929.9m11.2x26.5x2.9x
Mon, 06 Mar 2023د.م24.5bد.م8.4bد.م929.9m11.4x26.4x2.9x
Wed, 01 Feb 2023د.م23.2bد.م8.4bد.م929.9m10.9x24.9x2.8x
Fri, 30 Dec 2022د.م20.9bد.م7.2bد.م887.1m17.3x23.5x2.9x
Sun, 27 Nov 2022د.م20.8bد.م10.0bد.م704.6m15.8x29.5x2.1x
Tue, 25 Oct 2022د.م20.8bد.م10.0bد.م704.6m17.4x29.5x2.1x
Thu, 22 Sep 2022د.م24.5bد.م9.4bد.م639.2m39.4x38.4x2.6x
Sat, 20 Aug 2022د.م24.9bد.م9.4bد.م639.2m40.1x39x2.6x
Mon, 18 Jul 2022د.م24.5bد.م9.4bد.م639.2m40.1x38.4x2.6x
Wed, 15 Jun 2022د.م24.7bد.م9.5bد.م646.9m29.7x38.2x2.6x
Fri, 13 May 2022د.م25.4bد.م9.5bد.م655.4m23.1x38.8x2.7x
Sun, 10 Apr 2022د.م25.9bد.م9.2bد.م590.9m20.7x43.8x2.8x
Tue, 08 Mar 2022د.م24.6bد.م11.0bد.م637.9m17.1x38.6x2.2x
Thu, 03 Feb 2022د.م27.8bد.م10.9bد.م611.7m21.5x45.5x2.6x
Sat, 01 Jan 2022د.م27.3bد.م10.9bد.م611.7m22.1x44.6x2.5x
Mon, 29 Nov 2021د.م26.4bد.م10.9bد.م611.7m21x43.1x2.4x
Price to Earnings Ratio

43.1x


Total Market Cap: د.م26.4bTotal Earnings: د.م611.7mTotal Revenue: د.م10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Industrials Sector Price to Earnings3Y Average 32.2x202220232024
Current Industry PE
  • Investors are optimistic on the Moroccan Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 35.4x which is higher than its 3-year average PE of 32.2x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 46% per year over the last three years.
  • Revenues for these companies have grown 23% 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 Industrials sector?

MA Market1.64%
Industrials4.76%
Infrastructure5.83%
Construction3.52%
Transportation2.83%
Aerospace & Defense0%
Electrical0%
Industrials0%
Machinery0%
Commercial Services0%
Professional Services0%
Logistics0%
Airlines0%
Marine and Shipping0%
Building-1.64%
Trade Distributors-11.27%
Industry PE
  • Investors are most optimistic about the Infrastructure industry which is trading above its 3-year average PE ratio of 30.2x.
    • Analysts are expecting annual earnings growth of 7.2%, which is lower than the prior year's growth of 20.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Building industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 28% per year.
  • In contrast, the Infrastructure industry is expected to see its earnings grow by 7.2% 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
MSA Société d'Exploitation des Portsد.م545.002.8%
+د.م1.1b
101.1%PE38.3x
TGC Travaux Généraux de Construction de Casablancaد.م476.000.9%
+د.م132.9m
167.7%PE30.1x
DHO delta holdingد.م52.501.6%
+د.م74.5m
48.7%PE18.2x
SNA Stokvis Nord Afriqueد.م15.807.8%
+د.م10.6m
40.1%PS1.1x
CTM Compagnie de Transports au Maroc Société Anonymeد.م635.100.8%
+د.م6.3m
3.9%PE13.8x
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