Moroccan (MASI) Market Analysis & Valuation
UpdatedJun 15, 2024
DataAggregated Company Financials
Companies70
- 7D-0.3%
- 3M1.2%
- 1Y14.1%
- YTD8.2%
In the last week, the market has been flat. More promisingly, the market is up 14% over the past year. Looking forward, earnings are forecast to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Sat, 15 Jun 2024 | د.م673.5b | د.م291.3b | د.م34.0b | 22.2x | 19.8x | 2.3x |
| Mon, 13 May 2024 | د.م691.8b | د.م289.3b | د.م32.9b | 21.8x | 21.1x | 2.4x |
| Wed, 10 Apr 2024 | د.م675.0b | د.م286.3b | د.م32.6b | 22.4x | 20.7x | 2.4x |
| Fri, 08 Mar 2024 | د.م654.8b | د.م281.3b | د.م32.3b | 23x | 20.3x | 2.3x |
| Sun, 04 Feb 2024 | د.م635.5b | د.م283.7b | د.م32.7b | 21.8x | 19.5x | 2.2x |
| Tue, 02 Jan 2024 | د.م617.6b | د.م282.8b | د.م32.7b | 20.6x | 18.9x | 2.2x |
| Thu, 30 Nov 2023 | د.م594.9b | د.م278.0b | د.م31.4b | 20.2x | 19x | 2.1x |
| Sat, 28 Oct 2023 | د.م605.0b | د.م275.4b | د.م30.1b | 20.8x | 20.1x | 2.2x |
| Mon, 25 Sep 2023 | د.م596.0b | د.م273.4b | د.م30.6b | 20.3x | 19.5x | 2.2x |
| Wed, 23 Aug 2023 | د.م606.0b | د.م264.7b | د.م29.4b | 20.9x | 20.6x | 2.3x |
| Fri, 21 Jul 2023 | د.م598.3b | د.م258.7b | د.م26.8b | 20.8x | 22.3x | 2.3x |
| Sun, 18 Jun 2023 | د.م583.5b | د.م256.3b | د.م26.9b | 20.9x | 21.7x | 2.3x |
| Tue, 16 May 2023 | د.م548.7b | د.م252.5b | د.م26.9b | 19.8x | 20.4x | 2.2x |
| Thu, 13 Apr 2023 | د.م540.3b | د.م241.1b | د.م27.1b | 17.8x | 20x | 2.2x |
| Sat, 11 Mar 2023 | د.م544.1b | د.م238.9b | د.م26.9b | 18.4x | 20.2x | 2.3x |
| Mon, 06 Feb 2023 | د.م534.4b | د.م234.6b | د.م27.5b | 18.6x | 19.5x | 2.3x |
| Wed, 04 Jan 2023 | د.م547.6b | د.م233.0b | د.م27.4b | 19.3x | 20x | 2.4x |
| Fri, 02 Dec 2022 | د.م554.5b | د.م257.2b | د.م28.0b | 19.3x | 19.8x | 2.2x |
| Sun, 30 Oct 2022 | د.م551.1b | د.م256.5b | د.م27.7b | 20.2x | 19.9x | 2.1x |
| Tue, 27 Sep 2022 | د.م620.4b | د.م246.8b | د.م27.1b | 24.2x | 22.9x | 2.5x |
| Thu, 25 Aug 2022 | د.م618.6b | د.م244.6b | د.م26.8b | 24.2x | 23.1x | 2.5x |
| Sat, 23 Jul 2022 | د.م606.9b | د.م244.8b | د.م29.2b | 22.4x | 20.8x | 2.5x |
| Mon, 20 Jun 2022 | د.م613.2b | د.م246.4b | د.م28.7b | 23.2x | 21.4x | 2.5x |
| Wed, 18 May 2022 | د.م643.2b | د.م239.9b | د.م27.9b | 23.5x | 23x | 2.7x |
| Fri, 15 Apr 2022 | د.م654.7b | د.م236.6b | د.م27.1b | 24.3x | 24.2x | 2.8x |
| Sun, 13 Mar 2022 | د.م643.7b | د.م236.0b | د.م26.5b | 23.3x | 24.3x | 2.7x |
| Tue, 08 Feb 2022 | د.م708.9b | د.م235.7b | د.م26.4b | 25.7x | 26.8x | 3x |
| Thu, 06 Jan 2022 | د.م672.3b | د.م235.4b | د.م26.4b | 26.4x | 25.5x | 2.9x |
| Sat, 04 Dec 2021 | د.م671.0b | د.م235.5b | د.م26.2b | 24.1x | 25.6x | 2.8x |
| Mon, 01 Nov 2021 | د.م686.4b | د.م234.4b | د.م25.8b | 26.1x | 26.6x | 2.9x |
| Wed, 29 Sep 2021 | د.م663.5b | د.م224.4b | د.م22.0b | 32.9x | 30.1x | 3x |
| Fri, 27 Aug 2021 | د.م644.4b | د.م224.8b | د.م20.8b | 30.7x | 30.9x | 2.9x |
| Sat, 03 Jul 2021 | د.م625.8b | د.م224.8b | د.م20.8b | 31.6x | 30x | 2.8x |
Price to Earnings Ratio
30x
Current Market PE
- Investors are pessimistic on the Moroccan market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 19.8x which is lower than its 3-year average PE of 22.5x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 18% per year over the last three years.
- Revenues for these companies have grown 9.0% 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 | -0.34% | |
| Consumer Discretionary | 2.96% | |
| Real Estate | 2.12% | |
| Healthcare | 1.53% | |
| Industrials | 1.46% | |
| Energy | 0.71% | |
| Utilities | 0% | |
| Financials | -0.29% | |
| Tech | -0.60% | |
| Consumer Staples | -0.65% | |
| Materials | -0.75% | |
| Telecom | -2.93% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 25.1x.
- 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 45.3% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 21.1x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings decline of 45% per year.
- In contrast, the Energy 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| MSA Société d'Exploitation des Ports | د.م301.00 | 3.1% +د.م656.9m | 20.9% | PE25.9x | Industrials | |
| TMA TotalEnergies Marketing Maroc | د.م1.37k | 4.2% +د.م492.8m | 4.6% | PE244.3x | Consumer Discretionary | |
| BCI Banque Marocaine pour le Commerce et l'Industrie | د.م625.00 | 5.3% +د.م417.0m | 38.9% | PB1.1x | Financials | |
| ADI Alliances Developpement Immobilier | د.م250.00 | 4.2% +د.م220.8m | 231.3% | PE23.1x | Real Estate | |
| RDS Résidences Dar Saada | د.م82.00 | 9.3% +د.م183.5m | 444.5% | PS5.1x | Real Estate |
