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Moroccan (MASI) Industrials Sector Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies12
  • 7D-1.3%
  • 3M-9.3%
  • 1Y-11.3%
  • YTD-18.8%

Over the last 7 days, the Industrials industry has dropped 1.7%, driven by pullbacks in Travaux Généraux de Construction de Casablanca and Societe Generale des Travaux du Maroc of 3.1% and 1.7%, respectively. Meanwhile, Stroc Industrie actually outperformed within the industry, gaining 6.8% in the last week. However, the industry is down 11% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026د.م149.5bد.م47.8bد.م4.8b20.5x30.9x3.1x
Fri, 19 Jun 2026د.م154.9bد.م47.8bد.م4.8b21.5x32.1x3.2x
Sun, 17 May 2026د.م154.6bد.م47.1bد.م4.7b22.7x33x3.3x
Tue, 14 Apr 2026د.م151.3bد.م42.1bد.م4.1b24x37.1x3.6x
Thu, 12 Mar 2026د.م141.7bد.م42.1bد.م4.1b23.9x35x3.4x
Sat, 07 Feb 2026د.م168.4bد.م41.4bد.م4.0b32.4x41.7x4.1x
Mon, 05 Jan 2026د.م184.4bد.م41.4bد.م4.0b34.4x45.6x4.5x
Wed, 03 Dec 2025د.م123.7bد.م27.3bد.م2.9b27.4x43.3x4.5x
Fri, 31 Oct 2025د.م130.8bد.م27.3bد.م2.9b30.5x45.8x4.8x
Sun, 28 Sep 2025د.م126.7bد.م24.9bد.م2.5b32x50.3x5.1x
Tue, 26 Aug 2025د.م132.0bد.م24.9bد.م2.5b42.4x52.6x5.3x
Thu, 24 Jul 2025د.م117.4bد.م24.9bد.م2.5b34.7x46.8x4.7x
Sat, 21 Jun 2025د.م107.5bد.م24.9bد.م2.5b28.7x42.8x4.3x
Mon, 19 May 2025د.م104.6bد.م24.7bد.م2.5b32.6x42.4x4.2x
Wed, 16 Apr 2025د.م96.2bد.م20.5bد.م2.1b35.9x46.5x4.7x
Fri, 14 Mar 2025د.م94.4bد.م20.5bد.م2.0b33.4x46.6x4.6x
Sun, 09 Feb 2025د.م83.6bد.م20.5bد.م2.0b25.9x41.3x4.1x
Tue, 07 Jan 2025د.م79.7bد.م20.5bد.م2.0b26.2x39.4x3.9x
Thu, 05 Dec 2024د.م65.7bد.م20.1bد.م1.9b23.2x34.2x3.3x
Sat, 02 Nov 2024د.م59.5bد.م20.1bد.م1.9b24.1x31x3x
Mon, 30 Sep 2024د.م55.1bد.م19.0bد.م1.5b31.6x36.4x2.9x
Wed, 28 Aug 2024د.م46.3bد.م19.0bد.م1.5b26.8x30.6x2.4x
Fri, 26 Jul 2024د.م45.6bد.م18.9bد.م1.5b26.3x30.4x2.4x
Sun, 23 Jun 2024د.م39.7bد.م18.9bد.م1.5b24.3x26.5x2.1x
Tue, 21 May 2024د.م39.4bد.م19.6bد.م1.5b23.2x25.9x2x
Thu, 18 Apr 2024د.م37.6bد.م17.7bد.م1.4b24.6x26.9x2.1x
Sat, 16 Mar 2024د.م34.8bد.م14.5bد.م1.2b25.7x28.9x2.4x
Mon, 12 Feb 2024د.م34.0bد.م14.5bد.م1.2b25.4x28.2x2.3x
Wed, 10 Jan 2024د.م32.8bد.م14.5bد.م1.2b22.1x27.1x2.3x
Fri, 08 Dec 2023د.م31.1bد.م14.5bد.م1.2b19.9x26.4x2.1x
Sun, 05 Nov 2023د.م31.0bد.م14.5bد.م1.2b19.8x26.2x2.1x
Tue, 03 Oct 2023د.م30.1bد.م14.0bد.م1.1b19.9x26.3x2.2x
Thu, 31 Aug 2023د.م29.3bد.م13.9bد.م1.1b21.2x25.8x2.1x
Sat, 29 Jul 2023د.م30.5bد.م8.8bد.م890.7m24.7x34.2x3.5x
Price to Earnings Ratio

34.2x


Total Market Cap: د.م30.5bTotal Earnings: د.م890.7mTotal Revenue: د.م8.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Industrials Sector Price to Earnings3Y Average 36.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Moroccan Industrials 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 30.9x which is lower than its 3-year average PE of 36.1x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 76% per year over the last three years.
  • Revenues for these companies have grown 76% 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 Market-0.66%
Industrials-1.35%
Transportation0.83%
Electrical0%0
Logistics0%0
Infrastructure-0.13%
Trade Distributors-1.04%
Construction-2.33%
Building-5.60%
Industry PE
  • Investors are most optimistic about the Infrastructure industry, which is trading close to its 3-year average PE ratio of 37.5x.
    • Analysts are expecting annual earnings growth of 20.5%, which is lower than the prior year's growth of 25.4% per year.
  • Investors are most pessimistic about the Building industry, which is trading below its 3-year average of 20.3x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Building industry is expected to see its earnings grow by 11% 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
STR Stroc Industrieد.م179.006.8%
+د.م14.2m
-18.6%PE469.5x
CTM Compagnie de Transports au Maroc Société Anonymeد.م866.000.8%
+د.م8.7m
-3.8%PE18.9x
SNA Stokvis Nord Afriqueد.م68.200.3%
+د.م3.5m
0.5%PE46x
ZDJ Zellidjaد.م180.000.3%
+د.م257.8k
-38.9%PE4.8x

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