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Moroccan (MASI) Industrials Sector Analysis

UpdatedNov 25, 2025
DataAggregated Company Financials
Companies10
  • 7D4.3%
  • 3M-3.9%
  • 1Y78.0%
  • YTD62.9%

Over the last 7 days, the Industrials industry has risen 4.3%, driven by gains from Travaux Généraux de Construction de Casablanca of 8.1%. This takes the industry's 12 month performance to a gain of 78%. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 30 Nov 2025د.م124.7bد.م27.3bد.م2.9b28.2x43.7x4.6x
Tue, 28 Oct 2025د.م128.2bد.م27.3bد.م2.9b30x44.9x4.7x
Thu, 25 Sep 2025د.م129.0bد.م24.9bد.م2.5b39.2x51.4x5.2x
Sat, 23 Aug 2025د.م132.2bد.م24.9bد.م2.5b43.3x52.7x5.3x
Mon, 21 Jul 2025د.م117.4bد.م24.9bد.م2.5b34.9x46.8x4.7x
Wed, 18 Jun 2025د.م109.2bد.م24.9bد.م2.5b29.4x43.5x4.4x
Fri, 16 May 2025د.م105.4bد.م24.7bد.م2.5b32.7x42.7x4.3x
Sun, 13 Apr 2025د.م89.6bد.م20.5bد.م2.1b33.2x43.3x4.4x
Tue, 11 Mar 2025د.م95.0bد.م20.5bد.م2.0b33.8x46.9x4.6x
Thu, 06 Feb 2025د.م83.6bد.م20.5bد.م2.0b25.9x41.3x4.1x
Sat, 04 Jan 2025د.م78.8bد.م20.5bد.م2.0b25x38.9x3.8x
Mon, 02 Dec 2024د.م66.4bد.م20.1bد.م1.9b23x34.6x3.3x
Wed, 30 Oct 2024د.م59.2bد.م20.1bد.م1.9b24.7x30.8x2.9x
Fri, 27 Sep 2024د.م53.8bد.م19.0bد.م1.5b30.9x35.5x2.8x
Sun, 25 Aug 2024د.م46.5bد.م19.0bد.م1.5b26.7x30.7x2.5x
Tue, 23 Jul 2024د.م46.5bد.م18.9bد.م1.5b26x31x2.5x
Thu, 20 Jun 2024د.م39.5bد.م18.9bد.م1.5b24x26.3x2.1x
Sat, 18 May 2024د.م39.3bد.م19.6bد.م1.5b23.2x25.8x2x
Mon, 15 Apr 2024د.م37.7bد.م17.7bد.م1.4b24.9x27x2.1x
Wed, 13 Mar 2024د.م34.8bد.م14.5bد.م1.2b25.5x28.8x2.4x
Fri, 09 Feb 2024د.م33.9bد.م14.5bد.م1.2b25.4x28.1x2.3x
Sun, 07 Jan 2024د.م32.2bد.م14.5bد.م1.2b21.2x26.7x2.2x
Tue, 05 Dec 2023د.م31.3bد.م14.5bد.م1.2b19.8x26.6x2.2x
Thu, 02 Nov 2023د.م31.1bد.م14.5bد.م1.2b19.8x26.2x2.1x
Sat, 30 Sep 2023د.م30.1bد.م14.0bد.م1.1b19.7x26.3x2.2x
Mon, 28 Aug 2023د.م29.6bد.م13.9bد.م1.1b21.2x26.1x2.1x
Wed, 26 Jul 2023د.م30.1bد.م8.8bد.م890.7m24.3x33.8x3.4x
Fri, 23 Jun 2023د.م28.3bد.م8.4bد.م884.0m22.3x32x3.4x
Sun, 21 May 2023د.م26.6bد.م8.2bد.م864.8m22.1x30.8x3.2x
Tue, 18 Apr 2023د.م24.6bد.م8.3bد.م899.6m15.4x27.4x3x
Thu, 16 Mar 2023د.م24.1bد.م8.4bد.م929.9m11.3x26x2.9x
Sat, 11 Feb 2023د.م24.4bد.م8.4bد.م929.9m11x26.2x2.9x
Mon, 09 Jan 2023د.م18.0bد.م7.2bد.م887.1m15.2x20.3x2.5x
Wed, 07 Dec 2022د.م22.2bد.م10.0bد.م704.6m17.6x31.6x2.2x
Price to Earnings Ratio

31.6x


Total Market Cap: د.م22.2bTotal Earnings: د.م704.6mTotal Revenue: د.م10.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Industrials Sector Price to Earnings3Y Average 33.9x202320242025
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 43.7x which is higher than its 3-year average PE of 33.8x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 59% per year over the last three years.
  • Revenues for these companies have grown 40% 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 Market1.87%
Industrials4.34%
Construction6.80%
Trade Distributors5.16%
Infrastructure2.89%
Building0.51%
Electrical0%0
Logistics0%0
Transportation-1.91%
Industry PE
  • Investors are most optimistic about the Infrastructure industry which is trading above its 3-year average PE ratio of 32.9x.
    • Analysts are expecting annual earnings growth of 15.0%, which is lower than the prior year's growth of 35.2% per year.
  • Investors are most pessimistic about the Building industry, which is trading below its 3-year average of 30.0x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Infrastructure industry is expected to see its earnings grow by 15% 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
TGC Travaux Généraux de Construction de Casablancaد.م930.008.1%
+د.م2.4b
97.9%PE47.5x
MSA Société d'Exploitation des Portsد.م978.002.9%
+د.م2.0b
78.3%PE50.8x
JET Jet Contractorsد.م2.53k5.2%
+د.م378.7m
59.8%PE45.9x
CMG Compagnie Marocaine de Goutte à goutte et de Pompageد.م362.505.4%
+د.م314.5m
n/aPE33.3x
DHO delta holdingد.م71.502.1%
+د.م131.4m
34.9%PE22.5x

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