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Moroccan (MASI) Real Estate Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies6
- 7D-1.5%
- 3M7.0%
- 1Y115.6%
- YTD110.5%
Over the last 7 days, the Real Estate industry has dropped 1.5%, driven by a pullback from Douja Promotion Groupe Addoha of 3.2%. This takes the industry's 12 month performance to a gain of 116%. As for the next few years, earnings are expected to grow by 37% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | د.م33.8b | د.م5.4b | د.م683.2m | 32.9x | 49.4x | 6.3x |
| Mon, 18 Nov 2024 | د.م32.0b | د.م5.5b | د.م683.2m | 28.8x | 46.9x | 5.8x |
| Wed, 16 Oct 2024 | د.م28.4b | د.م5.5b | د.م693.0m | 32.3x | 40.9x | 5.1x |
| Fri, 13 Sep 2024 | د.م30.3b | د.م5.3b | د.م628.5m | 44.1x | 48.3x | 5.7x |
| Sun, 11 Aug 2024 | د.م26.6b | د.م5.3b | د.م628.5m | 43.2x | 42.3x | 5x |
| Tue, 09 Jul 2024 | د.م26.2b | د.م5.3b | د.م628.5m | 40.2x | 41.8x | 4.9x |
| Thu, 06 Jun 2024 | د.م25.4b | د.م5.3b | د.م628.5m | 41x | 40.5x | 4.8x |
| Sat, 04 May 2024 | د.م26.6b | د.م5.7b | د.م532.7m | 60.1x | 49.9x | 4.6x |
| Mon, 01 Apr 2024 | د.م20.4b | د.م5.0b | د.م517.9m | 57.3x | 39.4x | 4.1x |
| Wed, 28 Feb 2024 | د.م18.5b | د.م4.9b | د.م485.2m | 55.4x | 38.1x | 3.7x |
| Fri, 26 Jan 2024 | د.م17.2b | د.م4.9b | د.م485.2m | 52.5x | 35.4x | 3.5x |
| Sun, 24 Dec 2023 | د.م15.1b | د.م4.9b | د.م485.2m | 48.3x | 31x | 3x |
| Tue, 21 Nov 2023 | د.م15.8b | د.م5.0b | د.م475.6m | 47.8x | 33.2x | 3.2x |
| Thu, 19 Oct 2023 | د.م15.4b | د.م5.0b | د.م475.3m | 45.5x | 32.4x | 3.1x |
| Sat, 16 Sep 2023 | د.م14.3b | د.م4.2b | د.م408.4m | 21.5x | 35.1x | 3.5x |
| Mon, 14 Aug 2023 | د.م12.6b | د.م4.4b | د.م429.3m | 21.8x | 29.5x | 2.9x |
| Wed, 12 Jul 2023 | د.م12.4b | د.م4.4b | د.م429.3m | 21.4x | 28.9x | 2.9x |
| Fri, 09 Jun 2023 | د.م11.4b | د.م4.4b | د.م420.7m | 28.9x | 27x | 2.6x |
| Sun, 07 May 2023 | د.م10.6b | د.م4.2b | د.م278.9m | 21.2x | 37.9x | 2.5x |
| Tue, 04 Apr 2023 | د.م9.8b | د.م4.2b | د.م403.5m | 13.3x | 24.3x | 2.3x |
| Thu, 02 Mar 2023 | د.م10.0b | د.م4.2b | د.م407.1m | 13.2x | 24.5x | 2.4x |
| Sat, 28 Jan 2023 | د.م10.8b | د.م4.2b | د.م407.1m | 13x | 26.5x | 2.6x |
| Mon, 26 Dec 2022 | د.م9.9b | د.م4.1b | د.م379.1m | 13.7x | 26.1x | 2.4x |
| Wed, 23 Nov 2022 | د.م10.4b | د.م4.1b | د.م379.1m | 13.9x | 27.4x | 2.6x |
| Fri, 21 Oct 2022 | د.م10.2b | د.م4.1b | د.م379.1m | 13x | 26.9x | 2.5x |
| Sun, 18 Sep 2022 | د.م11.4b | د.م3.6b | د.م285.8m | 14.2x | 39.9x | 3.2x |
| Tue, 16 Aug 2022 | د.م11.3b | د.م3.6b | د.م285.8m | 13.9x | 39.5x | 3.1x |
| Thu, 14 Jul 2022 | د.م10.7b | د.م3.6b | د.م285.8m | 13.7x | 37.3x | 3x |
| Sat, 11 Jun 2022 | د.م11.7b | د.م3.8b | -د.م761,638,577.00 | 23.2x | -15.3x | 3.1x |
| Mon, 09 May 2022 | د.م11.7b | د.م3.8b | -د.م761,638,577.00 | 21.8x | -15.4x | 3.1x |
| Wed, 06 Apr 2022 | د.م11.8b | د.م3.8b | -د.م761,638,577.00 | 20.9x | -15.5x | 3.1x |
| Fri, 04 Mar 2022 | د.م11.5b | د.م3.7b | -د.م1,059,066,577.00 | 52.4x | -10.8x | 3.1x |
| Sun, 30 Jan 2022 | د.م12.3b | د.م3.6b | -د.م1,069,132,607.00 | 86.4x | -11.5x | 3.4x |
| Tue, 28 Dec 2021 | د.م11.5b | د.م3.6b | -د.م1,069,132,607.00 | 78.4x | -10.7x | 3.2x |
Price to Earnings Ratio
-10.7x
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 49.4x which is higher than its 3-year average PE of 26.3x.
- The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 6.3x.
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 14% 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 | -0.14% | |
| Real Estate | -1.46% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | 0% | |
| Office REITs | 0% | |
| REITS | -0.21% | |
| Real Estate | -1.49% | |
Industry PE
- Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio of 540x.
- 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 26.0x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 37% over the next 5 years.
- However this is lower than its past earnings growth rate of 64% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 37% 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 | |
|---|---|---|---|---|---|
| ADI Alliances Developpement Immobilier | د.م443.00 | 0.5% +د.م44.2m | 285.2% | PE32.9x | |
| BAL Société Immobilière Balima | د.م220.00 | 2.1% +د.م7.8m | 18.9% | PE30.9x |