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Moroccan (MASI) Market Analysis & Valuation
UpdatedNov 29, 2024
DataAggregated Company Financials
Companies68
- 7D-0.04%
- 3M4.9%
- 1Y24.0%
- YTD19.8%
Over the last 7 days, the market has remained flat, although notably the Real Estate sector gained 4.5% in that time. As for the longer term, the market has risen 24% 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 |
|---|---|---|---|---|---|---|
| Fri, 29 Nov 2024 | د.م745.9b | د.م294.1b | د.م32.2b | 21.4x | 23.1x | 2.5x |
| Sun, 27 Oct 2024 | د.م719.0b | د.م294.1b | د.م32.1b | 21.8x | 22.4x | 2.4x |
| Tue, 24 Sep 2024 | د.م724.0b | د.م290.4b | د.م30.2b | 24.3x | 24x | 2.5x |
| Thu, 22 Aug 2024 | د.م711.3b | د.م291.2b | د.م30.0b | 23.1x | 23.7x | 2.4x |
| Sat, 20 Jul 2024 | د.م694.2b | د.م290.7b | د.م34.0b | 21.9x | 20.4x | 2.4x |
| Mon, 17 Jun 2024 | د.م673.5b | د.م291.3b | د.م34.0b | 22.2x | 19.8x | 2.3x |
| Wed, 15 May 2024 | د.م690.0b | د.م290.3b | د.م33.0b | 22x | 20.9x | 2.4x |
| Fri, 12 Apr 2024 | د.م675.0b | د.م286.3b | د.م32.6b | 22.4x | 20.7x | 2.4x |
| Sun, 10 Mar 2024 | د.م655.7b | د.م281.3b | د.م32.3b | 22.3x | 20.3x | 2.3x |
| Tue, 06 Feb 2024 | د.م630.3b | د.م283.7b | د.م32.7b | 21.8x | 19.3x | 2.2x |
| Thu, 04 Jan 2024 | د.م624.2b | د.م282.8b | د.م32.7b | 21.2x | 19.1x | 2.2x |
| Sat, 02 Dec 2023 | د.م592.8b | د.م278.0b | د.م31.4b | 20.2x | 18.9x | 2.1x |
| Mon, 30 Oct 2023 | د.م605.0b | د.م275.4b | د.م30.1b | 20.8x | 20.1x | 2.2x |
| Wed, 27 Sep 2023 | د.م599.6b | د.م273.4b | د.م30.6b | 20.6x | 19.6x | 2.2x |
| Fri, 25 Aug 2023 | د.م605.3b | د.م264.7b | د.م29.4b | 20.9x | 20.6x | 2.3x |
| Sun, 23 Jul 2023 | د.م601.8b | د.م258.7b | د.م26.8b | 21x | 22.5x | 2.3x |
| Tue, 20 Jun 2023 | د.م582.0b | د.م263.1b | د.م27.1b | 21x | 21.5x | 2.2x |
| Thu, 18 May 2023 | د.م550.3b | د.م252.4b | د.م26.9b | 19.8x | 20.4x | 2.2x |
| Sat, 15 Apr 2023 | د.م537.6b | د.م241.4b | د.م27.1b | 18.6x | 19.9x | 2.2x |
| Mon, 13 Mar 2023 | د.م544.1b | د.م238.9b | د.م26.9b | 18.4x | 20.2x | 2.3x |
| Wed, 08 Feb 2023 | د.م538.8b | د.م234.6b | د.م27.5b | 18.3x | 19.6x | 2.3x |
| Fri, 06 Jan 2023 | د.م517.6b | د.م233.0b | د.م27.4b | 17.4x | 18.9x | 2.2x |
| Sun, 04 Dec 2022 | د.م558.9b | د.م256.9b | د.م27.8b | 19.5x | 20.1x | 2.2x |
| Tue, 01 Nov 2022 | د.م549.6b | د.م256.5b | د.م27.7b | 19.9x | 19.9x | 2.1x |
| Thu, 29 Sep 2022 | د.م600.6b | د.م247.0b | د.م27.1b | 23.5x | 22.2x | 2.4x |
| Sat, 27 Aug 2022 | د.م618.0b | د.م244.6b | د.م26.8b | 24.4x | 23.1x | 2.5x |
| Mon, 25 Jul 2022 | د.م607.0b | د.م244.8b | د.م29.2b | 21.7x | 20.8x | 2.5x |
| Wed, 22 Jun 2022 | د.م616.6b | د.م246.4b | د.م28.7b | 23.2x | 21.5x | 2.5x |
| Fri, 20 May 2022 | د.م641.8b | د.م239.9b | د.م27.9b | 23.5x | 23x | 2.7x |
| Sun, 17 Apr 2022 | د.م654.9b | د.م236.7b | د.م27.1b | 24.1x | 24.2x | 2.8x |
| Tue, 15 Mar 2022 | د.م645.3b | د.م236.0b | د.م26.5b | 23.3x | 24.4x | 2.7x |
| Thu, 10 Feb 2022 | د.م708.1b | د.م235.7b | د.م26.4b | 26.1x | 26.8x | 3x |
| Sat, 08 Jan 2022 | د.م682.9b | د.م235.4b | د.م26.4b | 26.4x | 25.9x | 2.9x |
| Mon, 06 Dec 2021 | د.م671.0b | د.م235.5b | د.م26.2b | 24.1x | 25.6x | 2.8x |
Price to Earnings Ratio
25.6x
Current Market PE
- Investors are relatively neutral on the Moroccan market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 21.6x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 7.2% per year over the last three years.
- Revenues for these companies have grown 7.7% 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 | -0.04% | |
| Real Estate | 4.50% | |
| Tech | 3.55% | |
| Industrials | 2.12% | |
| Consumer Discretionary | 0.32% | |
| Financials | 0.17% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Healthcare | -0.19% | |
| Materials | -0.21% | |
| Consumer Staples | -1.35% | |
| Energy | -2.00% | |
| Telecom | -2.27% | |
| Utilities | -2.47% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 25.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 40.7% which is higher than its past year's earnings decline of 76.0% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 17.6x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 46% over the next 5 years.
- This is better than its past earnings growth rate of 7.7% per year.
- In contrast, the Utilities sector is expected to see its earnings grow by 3.6% 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.م558.10 | 2.4% +د.م961.5m | 104.9% | PE39.2x | Industrials | |
| BOA Bank of Africa | د.م198.00 | 2.3% +د.م960.1m | 16.2% | PB1.5x | Financials | |
| ADH Douja Promotion Groupe Addoha | د.م40.21 | 5.9% +د.م891.6m | 143.7% | PE92x | Real Estate | |
| ADI Alliances Developpement Immobilier | د.م406.00 | 8.1% +د.م673.4m | 270.6% | PE30.1x | Real Estate | |
| TGC Travaux Généraux de Construction de Casablanca | د.م495.50 | 4.1% +د.م617.0m | 176.8% | PE31.3x | Industrials |
