Moroccan (MASI) Real Estate Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies6
- 7D2.0%
- 3M56.2%
- 1Y155.9%
- YTD80.7%
Over the last 7 days, the Real Estate industry has risen 2.0%, driven by gains from Résidences Dar Saada of 18%. This means that the industry has gained 156% over the past year. Looking forward, earnings are forecast to grow by 39% annually.
Sector Valuation and Performance
Has the Moroccan Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | د.م27.9b | د.م5.3b | د.م628.5m | 46.1x | 44.4x | 5.2x |
| Tue, 16 Apr 2024 | د.م28.7b | د.م5.0b | د.م517.9m | 58.5x | 55.4x | 5.8x |
| Thu, 14 Mar 2024 | د.م19.3b | د.م5.0b | د.م517.9m | 57.3x | 37.2x | 3.9x |
| Sat, 10 Feb 2024 | د.م17.4b | د.م4.9b | د.م485.2m | 54.9x | 35.9x | 3.5x |
| Mon, 08 Jan 2024 | د.م16.2b | د.م4.9b | د.م485.2m | 48.3x | 33.3x | 3.3x |
| Wed, 06 Dec 2023 | د.م15.0b | د.م5.0b | د.م475.6m | 47.8x | 31.5x | 3x |
| Fri, 03 Nov 2023 | د.م15.2b | د.م5.0b | د.م475.6m | 45.5x | 31.9x | 3x |
| Sun, 01 Oct 2023 | د.م15.8b | د.م4.2b | د.م413.0m | 21.5x | 38.2x | 3.7x |
| Tue, 29 Aug 2023 | د.م12.6b | د.م4.4b | د.م429.3m | 21.7x | 29.3x | 2.9x |
| Thu, 27 Jul 2023 | د.م12.3b | د.م4.4b | د.م429.3m | 21.6x | 28.7x | 2.8x |
| Sat, 24 Jun 2023 | د.م12.3b | د.م4.4b | د.م429.3m | 21.9x | 28.7x | 2.8x |
| Mon, 22 May 2023 | د.م10.9b | د.م4.8b | د.م420.7m | 30.1x | 25.9x | 2.3x |
| Wed, 19 Apr 2023 | د.م9.7b | د.م4.2b | د.م278.9m | 20.6x | 34.8x | 2.3x |
| Fri, 17 Mar 2023 | د.م9.5b | د.م4.2b | د.م407.1m | 12.8x | 23.3x | 2.3x |
| Sun, 12 Feb 2023 | د.م11.0b | د.م4.2b | د.م407.1m | 13x | 27.1x | 2.6x |
| Tue, 10 Jan 2023 | د.م10.3b | د.م4.1b | د.م397.2m | 12.8x | 25.8x | 2.5x |
| Thu, 08 Dec 2022 | د.م10.1b | د.م4.1b | د.م379.1m | 13.9x | 26.8x | 2.5x |
| Sat, 05 Nov 2022 | د.م10.3b | د.م4.1b | د.م379.1m | 13.2x | 27.1x | 2.5x |
| Mon, 03 Oct 2022 | د.م10.6b | د.م3.6b | د.م293.5m | 12.9x | 36x | 2.9x |
| Wed, 31 Aug 2022 | د.م11.1b | د.م3.6b | د.م285.8m | 13.6x | 38.8x | 3.1x |
| Fri, 29 Jul 2022 | د.م10.4b | د.م3.6b | د.م285.8m | 13.6x | 36.4x | 2.9x |
| Sun, 26 Jun 2022 | د.م10.8b | د.م3.9b | -د.م238,200,577.00 | 18.4x | -45.3x | 2.8x |
| Tue, 24 May 2022 | د.م11.5b | د.م3.8b | -د.م761,638,577.00 | 22.4x | -15.1x | 3x |
| Thu, 21 Apr 2022 | د.م12.0b | د.م3.8b | -د.م761,638,577.00 | 22.4x | -15.8x | 3.2x |
| Sat, 19 Mar 2022 | د.م11.3b | د.م3.8b | -د.م761,638,577.00 | 20.9x | -14.9x | 3x |
| Mon, 14 Feb 2022 | د.م12.6b | د.م3.6b | -د.م1,069,132,607.00 | 86.4x | -11.8x | 3.5x |
| Wed, 12 Jan 2022 | د.م11.4b | د.م3.6b | -د.م1,069,132,607.00 | 77.6x | -10.7x | 3.1x |
| Fri, 10 Dec 2021 | د.م11.5b | د.م3.6b | -د.م1,069,132,607.00 | 77.5x | -10.8x | 3.2x |
| Sun, 07 Nov 2021 | د.م11.0b | د.م4.1b | -د.م531,712,389.00 | 77.6x | -20.7x | 2.7x |
| Tue, 05 Oct 2021 | د.م11.1b | د.م4.3b | -د.م564,564,389.00 | 139.7x | -19.6x | 2.6x |
| Thu, 02 Sep 2021 | د.م11.7b | د.م4.1b | -د.م635,498,389.00 | 219.1x | -18.5x | 2.9x |
| Sat, 31 Jul 2021 | د.م10.5b | د.م4.1b | -د.م635,498,389.00 | 221x | -16.5x | 2.5x |
Price to Earnings Ratio
-15.2x
Current Industry PE
- Investors are optimistic on the Moroccan Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 44.4x which is higher than its 3-year average PE of 14.6x.
- The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 8.8% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Moroccan Real Estate sector?
| MA Market | -0.81% | |
| Real Estate | 1.98% | |
| Real Estate | 2.04% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | 0% | |
| Office REITs | 0% | |
| REITS | -0.053% | |
Industry PE
- Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio of 433x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.4x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings growth rate of 27% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 39% 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 | |
|---|---|---|---|---|---|
| RDS Résidences Dar Saada | د.م100.00 | 18.3% +د.م406.2m | 664.5% | PS6.2x | |
| ADH Douja Promotion Groupe Addoha | د.م31.50 | 1.3% +د.م159.9m | 316.7% | PE72.1x | |
| ADI Alliances Developpement Immobilier | د.م250.00 | 0.4% +د.م22.1m | 284.6% | PE23.1x | |
| BAL Société Immobilière Balima | د.م235.15 | 2.2% +د.م9.0m | 37.9% | PE46.1x |