Moroccan (MASI) Tech Sector Analysis

Sector Valuation and Performance

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

Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 39.8x which is higher than its 3-year average PE of 19.3x. It appears they are confident that earnings will grow faster in the future than they have historically.

Past Earnings Growth: The earnings for companies in the Information Technology industry have remained mostly flat over the last three years, while revenues for these companies have grown 2.8% per year.This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Moroccan Tech sector?

Industry PE: Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 38.9x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Electronic Equipment and Components industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 11.7x.

Forecasted Growth: Analysts are most optimistic on the IT industry, expecting annual earnings growth of 26% over the next 5 years. This is better than its past earnings decline of 27% per year. Meanwhile, the Electronic Equipment and Components industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?