Moroccan (MASI) Market Analysis & Valuation
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies70
- 7D-2.7%
- 3M-2.6%
- 1Y7.6%
- YTD9.6%
The market has dropped by 7.8% in the last 7 days, with the Financials sector leading declines. In the last year, the market is actually up 7.8%. As for the next few years, earnings are expected to grow by 9.5% per annum.
Market Valuation and Performance
Has the Moroccan Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | د.م602.3b | د.م275.4b | د.م30.1b | 20.6x | 20x | 2.2x |
| Thu, 28 Sep 2023 | د.م600.3b | د.م273.4b | د.م30.6b | 20.5x | 19.6x | 2.2x |
| Sat, 26 Aug 2023 | د.م605.9b | د.م264.7b | د.م29.4b | 20.8x | 20.6x | 2.3x |
| Mon, 24 Jul 2023 | د.م601.8b | د.م258.7b | د.م26.8b | 21x | 22.5x | 2.3x |
| Wed, 21 Jun 2023 | د.م597.1b | د.م263.1b | د.م27.1b | 21.1x | 22.1x | 2.3x |
| Fri, 19 May 2023 | د.م548.6b | د.م252.4b | د.م26.9b | 20.9x | 20.4x | 2.2x |
| Sun, 16 Apr 2023 | د.م537.6b | د.م228.7b | د.م27.0b | 18.6x | 19.9x | 2.4x |
| Tue, 14 Mar 2023 | د.م545.5b | د.م238.9b | د.م26.9b | 18.4x | 20.2x | 2.3x |
| Thu, 09 Feb 2023 | د.م550.0b | د.م234.6b | د.م27.5b | 19.1x | 20x | 2.3x |
| Sat, 07 Jan 2023 | د.م500.5b | د.م233.0b | د.م27.4b | 17.3x | 18.3x | 2.1x |
| Mon, 05 Dec 2022 | د.م558.9b | د.م256.9b | د.م27.8b | 19.5x | 20.1x | 2.2x |
| Wed, 02 Nov 2022 | د.م553.8b | د.م256.5b | د.م27.7b | 20.4x | 20x | 2.2x |
| Fri, 30 Sep 2022 | د.م594.5b | د.م247.0b | د.م27.1b | 22.9x | 21.9x | 2.4x |
| Sun, 28 Aug 2022 | د.م618.2b | د.م244.6b | د.م26.8b | 24.4x | 23.1x | 2.5x |
| Tue, 26 Jul 2022 | د.م602.2b | د.م244.8b | د.م29.2b | 21.8x | 20.6x | 2.5x |
| Thu, 23 Jun 2022 | د.م611.5b | د.م246.4b | د.م28.7b | 23.2x | 21.3x | 2.5x |
| Sat, 21 May 2022 | د.م639.1b | د.م242.8b | د.م28.1b | 23.5x | 22.7x | 2.6x |
| Mon, 18 Apr 2022 | د.م654.9b | د.م236.7b | د.م27.1b | 24.1x | 24.2x | 2.8x |
| Wed, 16 Mar 2022 | د.م647.2b | د.م236.1b | د.م26.8b | 22.8x | 24.2x | 2.7x |
| Fri, 11 Feb 2022 | د.م710.4b | د.م235.7b | د.م26.4b | 26.2x | 26.9x | 3x |
| Sun, 09 Jan 2022 | د.م682.9b | د.م235.6b | د.م26.4b | 26.4x | 25.9x | 2.9x |
| Tue, 07 Dec 2021 | د.م668.8b | د.م235.5b | د.م26.2b | 24.5x | 25.6x | 2.8x |
| Thu, 04 Nov 2021 | د.م687.9b | د.م234.4b | د.م25.8b | 25.6x | 26.6x | 2.9x |
| Sat, 02 Oct 2021 | د.م663.1b | د.م226.2b | د.م23.4b | 29.8x | 28.4x | 2.9x |
| Mon, 30 Aug 2021 | د.م643.7b | د.م224.8b | د.م20.8b | 31.3x | 30.9x | 2.9x |
| Tue, 06 Jul 2021 | د.م625.8b | د.م224.8b | د.م20.8b | 31.6x | 30x | 2.8x |
| Fri, 09 Apr 2021 | د.م584.7b | د.م224.4b | د.م20.0b | 28.1x | 29.2x | 2.6x |
| Thu, 31 Dec 2020 | د.م574.4b | د.م224.0b | د.م18.6b | 26.6x | 30.9x | 2.6x |
Price to Earnings Ratio
28.4x
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 20.1x which is lower than its 3-year average PE of 24.6x.
Past Earnings Growth
- The earnings for Moroccan listed companies have grown 17% per year over the last three years.
- Revenues for these companies have grown 6.2% 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 | -2.67% | |
| Tech | 0.33% | |
| Consumer Staples | -0.40% | |
| Real Estate | -0.65% | |
| Industrials | -0.97% | |
| Utilities | -1.09% | |
| Financials | -2.46% | |
| Consumer Discretionary | -3.14% | |
| Healthcare | -3.30% | |
| Materials | -3.37% | |
| Energy | -3.49% | |
| Telecom | -5.13% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 31.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 42.1%, which is higher than its past year's earnings growth of 9.1% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 22.7x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings growth rate of 9.1% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 2.4% 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 | |
|---|---|---|---|---|---|---|
| MNG Managem | د.م1.68k | 1.3% +د.م219.8m | -25.3% | PE23.7x | Materials | |
| LES Lesieur Cristal | د.م279.50 | 2.8% +د.م207.2m | 17.4% | PE37.5x | Consumer Staples | |
| SLF Salafin | د.م535.00 | 5.5% +د.م87.5m | -13.7% | PE21.6x | Financials | |
| CSR Cosumar | د.م204.90 | 0.4% +د.م85.0m | 10.2% | PE24.4x | Consumer Staples | |
| HPS Hightech Payment Systems | د.م625.00 | 1.6% +د.م74.1m | -5.0% | PE48.8x | Financials |
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