Moroccan (MASI) Real Estate Sector Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies6
- 7D-6.1%
- 3M58.8%
- 1Y168.9%
- YTD77.1%
Over the last 7 days, the Real Estate industry has dropped 6.1%, driven by Douja Promotion Groupe Addoha declining 8.8%. On the other hand Résidences Dar Saada is actually up 6.7%. In the past year, the industry has gained 169%. Looking forward, earnings are forecast to grow by 27% annually.
Sector Valuation and Performance
Has the Moroccan Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | د.م27.3b | د.م5.0b | د.م517.9m | 60.1x | 52.8x | 5.5x |
| Sun, 24 Mar 2024 | د.م20.7b | د.م5.0b | د.م517.9m | 57.3x | 39.9x | 4.1x |
| Tue, 20 Feb 2024 | د.م17.9b | د.م4.9b | د.م485.2m | 55.4x | 36.8x | 3.6x |
| Thu, 18 Jan 2024 | د.م16.8b | د.م4.9b | د.م485.2m | 52.5x | 34.5x | 3.4x |
| Sat, 16 Dec 2023 | د.م15.3b | د.م5.0b | د.م475.6m | 47.8x | 32.1x | 3.1x |
| Mon, 13 Nov 2023 | د.م15.4b | د.م5.0b | د.م475.6m | 45.5x | 32.4x | 3.1x |
| Wed, 11 Oct 2023 | د.م15.1b | د.م4.4b | د.م431.7m | 45.5x | 35x | 3.4x |
| Fri, 08 Sep 2023 | د.م13.8b | د.م4.4b | د.م429.3m | 22.2x | 32.2x | 3.2x |
| Sun, 06 Aug 2023 | د.م12.7b | د.م4.4b | د.م429.3m | 22.2x | 29.5x | 2.9x |
| Tue, 04 Jul 2023 | د.م12.4b | د.م4.4b | د.م429.3m | 22x | 28.8x | 2.8x |
| Thu, 01 Jun 2023 | د.م11.2b | د.م4.4b | د.م420.7m | 28.9x | 26.7x | 2.6x |
| Sat, 29 Apr 2023 | د.م10.5b | د.م4.2b | د.م278.9m | 22.2x | 37.5x | 2.5x |
| Mon, 27 Mar 2023 | د.م9.6b | د.م4.2b | د.م403.5m | 13.5x | 23.9x | 2.3x |
| Wed, 22 Feb 2023 | د.م9.8b | د.م4.2b | د.م407.1m | 13.2x | 24.2x | 2.4x |
| Fri, 20 Jan 2023 | د.م10.3b | د.م4.1b | د.م397.2m | 12.4x | 25.9x | 2.5x |
| Sun, 18 Dec 2022 | د.م10.0b | د.م4.1b | د.م379.1m | 13.7x | 26.4x | 2.5x |
| Tue, 15 Nov 2022 | د.م10.0b | د.م4.1b | د.م379.1m | 12.9x | 26.4x | 2.5x |
| Thu, 13 Oct 2022 | د.م10.9b | د.م4.1b | د.م379.1m | 13.4x | 28.7x | 2.7x |
| Sat, 10 Sep 2022 | د.م11.6b | د.م3.6b | د.م285.8m | 14.2x | 40.5x | 3.2x |
| Mon, 08 Aug 2022 | د.م10.7b | د.م3.6b | د.م285.8m | 13.6x | 37.4x | 3x |
| Wed, 06 Jul 2022 | د.م10.6b | د.م3.8b | -د.م248,266,607.00 | 13.6x | -42.5x | 2.8x |
| Fri, 03 Jun 2022 | د.م11.8b | د.م3.8b | -د.م761,638,577.00 | 23.2x | -15.5x | 3.1x |
| Sun, 01 May 2022 | د.م11.9b | د.م3.8b | -د.م761,638,577.00 | 21.8x | -15.6x | 3.2x |
| Tue, 29 Mar 2022 | د.م11.0b | د.م3.8b | -د.م761,638,577.00 | 20.9x | -14.5x | 2.9x |
| Thu, 24 Feb 2022 | د.م12.7b | د.م3.7b | -د.م1,059,066,577.00 | 54.2x | -12x | 3.5x |
| Sat, 22 Jan 2022 | د.م12.2b | د.م3.6b | -د.م1,069,132,607.00 | 86.3x | -11.4x | 3.3x |
| Mon, 20 Dec 2021 | د.م11.3b | د.م3.6b | -د.م1,069,132,607.00 | 78.4x | -10.6x | 3.1x |
| Wed, 17 Nov 2021 | د.م11.4b | د.م3.6b | -د.م1,069,132,607.00 | 77.4x | -10.6x | 3.1x |
| Fri, 15 Oct 2021 | د.م11.4b | د.م4.3b | -د.م564,564,389.00 | 143x | -20.1x | 2.7x |
| Sun, 12 Sep 2021 | د.م12.2b | د.م4.1b | -د.م635,498,389.00 | 219.7x | -19.2x | 3x |
| Tue, 10 Aug 2021 | د.م10.7b | د.م4.1b | -د.م635,498,389.00 | 220.9x | -16.9x | 2.6x |
| Mon, 03 May 2021 | د.م9.1b | د.م4.1b | -د.م635,498,389.00 | 224.6x | -14.3x | 2.2x |
Price to Earnings Ratio
-14.3x
Current Industry PE
- Investors are optimistic on the Moroccan Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 52.8x which is higher than its 3-year average PE of 13.0x.
- The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 5.5x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 6.6% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Moroccan Real Estate sector?
| MA Market | -0.57% | |
| Real Estate | -6.10% | |
| REITS | 0.62% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | 0% | |
| Office REITs | 0% | |
| Real Estate | -6.30% | |
Industry PE
- Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio of 403x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.9x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 20% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 27% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RDS Résidences Dar Saada | د.م70.39 | 6.7% +د.م115.1m | 539.9% | PS3.7x | |
| IMO Immorente Invest | د.م94.00 | 0.6% +د.م5.2m | -4.0% | PB1.2x |