Moroccan (MASI) Tech Sector Analysis

Sector Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 05 Dec 2022	د.م7.5b	د.م3.7b	د.م288.0m	18.7x	26x	2x
Wed, 02 Nov 2022	د.م7.6b	د.م3.7b	د.م288.0m	19x	26.5x	2.1x
Fri, 30 Sep 2022	د.م7.8b	د.م3.7b	د.م282.8m	26.2x	27.5x	2.1x
Sun, 28 Aug 2022	د.م7.4b	د.م3.5b	د.م254.7m	30.9x	29.2x	2.1x
Tue, 26 Jul 2022	د.م6.9b	د.م3.5b	د.م254.7m	28.3x	27.1x	2x
Thu, 23 Jun 2022	د.م7.1b	د.م3.6b	د.م244.6m	39.4x	29.1x	2x
Sat, 21 May 2022	د.م6.8b	د.م3.7b	د.م254.8m	42.7x	26.8x	1.9x
Mon, 18 Apr 2022	د.م7.1b	د.م3.6b	د.م251.1m	30.2x	28.2x	2x
Wed, 16 Mar 2022	د.م6.7b	د.م3.6b	د.م224.0m	36.6x	30x	1.9x
Fri, 11 Feb 2022	د.م7.2b	د.م3.5b	د.م215.7m	39.9x	33.2x	2x
Sun, 09 Jan 2022	د.م7.0b	د.م3.5b	د.م215.7m	39.9x	32.5x	2x
Tue, 07 Dec 2021	د.م7.1b	د.م3.5b	د.م215.7m	40.2x	33x	2x
Thu, 04 Nov 2021	د.م7.4b	د.م3.5b	د.م215.7m	42.2x	34.5x	2.1x
Sat, 02 Oct 2021	د.م8.0b	د.م3.6b	د.م201.3m	42.3x	39.8x	2.2x
Mon, 30 Aug 2021	د.م7.7b	د.م3.4b	د.م199.2m	36.5x	38.9x	2.2x
Tue, 06 Jul 2021	د.م7.4b	د.م3.4b	د.م199.2m	35.5x	37.1x	2.1x
Fri, 09 Apr 2021	د.م7.1b	د.م3.4b	د.م199.2m	33.3x	35.8x	2.1x
Thu, 31 Dec 2020	د.م7.0b	د.م3.4b	د.م199.2m	34.7x	35x	2x
Sun, 04 Oct 2020	د.م5.5b	د.م3.5b	د.م246.8m	13x	22.5x	1.6x
Wed, 08 Jul 2020	د.م5.4b	د.م3.5b	د.م253.8m	12.5x	21.2x	1.5x
Tue, 31 Mar 2020	د.م4.2b	د.م3.5b	د.م240.7m	10.6x	17.3x	1.2x
Fri, 03 Jan 2020	د.م4.7b	د.م3.5b	د.م227.6m	13.4x	20.6x	1.4x

Current Industry PE

Investors are relatively neutral on the Moroccan Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.

Past Earnings Growth

The earnings for companies in the Information Technology industry have grown 8.2% per year over the last three years.
Revenues for these companies have grown 2.3% 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 Tech sector?


MA Market	1.72%
Tech	-0.49%
Software	1.80%
Communications	0%
Tech Hardware	0%
Semiconductors	0%
IT	-0.30%
Electronic Equipment and Components	-2.25%

Industry PE

Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 34.4x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Electronic Equipment and Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.2x.

Forecasted Growth

Analysts are most optimistic on the IT industry, expecting annual earnings growth of 14% over the next 5 years.
However this is lower than its past earnings growth rate of 37% per year.

In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 4.7% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	MIC Microdata	د.م521.90	1.3% +د.م11.6m	-16.5%	PE16.9x
	INV INVOLYS	د.م97.70	0.5% +د.م191.4k	-23.0%	n/a

Company

Last Price

Valuation

MIC Microdata

د.م521.90

1.3%
+د.م11.6m

-16.5%

PE16.9x

INV INVOLYS

د.م97.70

0.5%
+د.م191.4k

-23.0%

n/a

Jul 22

Sector Valuation and Performance