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Moroccan (MASI) Market Analysis & Valuation
UpdatedJul 06, 2025
DataAggregated Company Financials
Companies71
- 7D0.9%
- 3M15.5%
- 1Y39.5%
- YTD27.6%
Over the last 7 days, the market has remained flat, although notably the Communication Services sector gained 3.6% in that time. As for the longer term, the market has risen 39% in the past 12 months. Looking forward, earnings are forecast to grow by 16% annually.
Market Valuation and Performance
Has the Moroccan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 07 Jul 2025 | د.م962.8b | د.م309.7b | د.م37.3b | 24.1x | 25.8x | 3.1x |
| Wed, 04 Jun 2025 | د.م945.1b | د.م310.2b | د.م37.1b | 24.6x | 25.5x | 3x |
| Fri, 02 May 2025 | د.م891.8b | د.م293.5b | د.م33.3b | 23x | 26.8x | 3x |
| Sun, 30 Mar 2025 | د.م909.7b | د.م299.4b | د.م34.6b | 23.7x | 26.3x | 3x |
| Tue, 25 Feb 2025 | د.م854.0b | د.م297.8b | د.م33.6b | 24.2x | 25.4x | 2.9x |
| Thu, 23 Jan 2025 | د.م791.3b | د.م297.1b | د.م32.8b | 23x | 24.2x | 2.7x |
| Sat, 21 Dec 2024 | د.م742.5b | د.م299.1b | د.م32.8b | 22.1x | 22.6x | 2.5x |
| Mon, 18 Nov 2024 | د.م746.7b | د.م294.1b | د.م32.1b | 22.7x | 23.3x | 2.5x |
| Wed, 16 Oct 2024 | د.م708.3b | د.م294.1b | د.م32.1b | 21.6x | 22.1x | 2.4x |
| Fri, 13 Sep 2024 | د.م706.8b | د.م291.1b | د.م30.1b | 23.2x | 23.5x | 2.4x |
| Sun, 11 Aug 2024 | د.م704.9b | د.م291.1b | د.م30.0b | 22.3x | 23.5x | 2.4x |
| Tue, 09 Jul 2024 | د.م684.6b | د.م290.7b | د.م34.0b | 21.9x | 20.2x | 2.4x |
| Thu, 06 Jun 2024 | د.م667.5b | د.م290.4b | د.م33.9b | 22x | 19.7x | 2.3x |
| Sat, 04 May 2024 | د.م687.9b | د.م291.3b | د.م33.2b | 21.7x | 20.7x | 2.4x |
| Mon, 01 Apr 2024 | د.م660.5b | د.م281.3b | د.م32.4b | 23x | 20.4x | 2.3x |
| Wed, 28 Feb 2024 | د.م666.4b | د.م282.7b | د.م32.6b | 22.8x | 20.4x | 2.4x |
| Fri, 26 Jan 2024 | د.م648.7b | د.م283.1b | د.م32.7b | 22.2x | 19.8x | 2.3x |
| Sun, 24 Dec 2023 | د.م620.5b | د.م282.8b | د.م32.0b | 20.7x | 19.4x | 2.2x |
| Tue, 21 Nov 2023 | د.م605.1b | د.م275.7b | د.م30.2b | 20.2x | 20x | 2.2x |
| Thu, 19 Oct 2023 | د.م618.1b | د.م275.0b | د.م29.7b | 20.8x | 20.8x | 2.2x |
| Sat, 16 Sep 2023 | د.م598.1b | د.م270.1b | د.م29.9b | 20x | 20x | 2.2x |
| Mon, 14 Aug 2023 | د.م612.8b | د.م259.6b | د.م29.2b | 21.3x | 21x | 2.4x |
| Wed, 12 Jul 2023 | د.م587.8b | د.م258.7b | د.م26.8b | 20.7x | 21.9x | 2.3x |
| Fri, 09 Jun 2023 | د.م560.2b | د.م255.6b | د.م26.6b | 21.4x | 21.1x | 2.2x |
| Sun, 07 May 2023 | د.م530.3b | د.م252.5b | د.م27.1b | 19.5x | 19.6x | 2.1x |
| Tue, 04 Apr 2023 | د.م534.3b | د.م239.6b | د.م26.8b | 18.3x | 19.9x | 2.2x |
| Thu, 02 Mar 2023 | د.م559.1b | د.م234.8b | د.م26.6b | 19.8x | 21x | 2.4x |
| Sat, 28 Jan 2023 | د.م521.9b | د.م234.6b | د.م27.5b | 17.8x | 19x | 2.2x |
| Mon, 26 Dec 2022 | د.م561.8b | د.م258.9b | د.م28.4b | 20.3x | 19.8x | 2.2x |
| Wed, 23 Nov 2022 | د.م549.2b | د.م257.2b | د.م28.0b | 19.4x | 19.6x | 2.1x |
| Fri, 21 Oct 2022 | د.م562.2b | د.م256.4b | د.م27.6b | 21x | 20.4x | 2.2x |
| Sun, 18 Sep 2022 | د.م618.7b | د.م244.6b | د.م26.8b | 25x | 23.1x | 2.5x |
| Tue, 16 Aug 2022 | د.م617.6b | د.م244.6b | د.م26.8b | 23.6x | 23.1x | 2.5x |
| Thu, 14 Jul 2022 | د.م598.9b | د.م244.8b | د.م29.2b | 22.1x | 20.5x | 2.4x |
Price to Earnings Ratio
20.5x
Current Market PE
- Investors are optimistic on the Moroccan market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 25.6x which is higher than its 3-year average PE of 21.6x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 8.5% per year over the last three years.
- Revenues for these companies have grown 8.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Moroccan Market?
| MA Market | 0.93% | |
| Telecom | 3.60% | |
| Industrials | 1.62% | |
| Consumer Staples | 1.51% | |
| Financials | 0.72% | |
| Utilities | 0.69% | |
| Materials | 0.64% | |
| Tech | 0.35% | |
| Healthcare | -0.07% | |
| Real Estate | -0.46% | |
| Consumer Discretionary | -1.59% | |
| Energy | -4.55% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 28.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 9.3% which is higher than its past year's earnings decline of 2.2% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 16.5x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 7.7% 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 | Sector | |
|---|---|---|---|---|---|---|
| MSA Société d'Exploitation des Ports | د.م859.00 | 6.0% +د.م3.6b | 178.0% | PE49.8x | Industrials | |
| IAM Itissalat Al-Maghrib (IAM) | د.م115.00 | 3.5% +د.م3.4b | 28.5% | PE56.1x | Telecom | |
| BCP Banque Centrale Populaire | د.م306.00 | 5.5% +د.م3.3b | 2.7% | PB1.6x | Financials | |
| TQM TAQA Morocco | د.م2.92k | 4.3% +د.م2.8b | 116.3% | PE65.3x | Utilities | |
| ATW Attijariwafa bank | د.م693.00 | 1.9% +د.م2.6b | 31.7% | PB2.1x | Financials |
