View Future GrowthBOC Kenya 過去の業績過去 基準チェック /56BOC Kenyaは、平均年間23%の収益成長を遂げていますが、 Chemicals業界の収益は、年間 成長しています。収益は、平均年間20.5% 3.2%収益成長率で 成長しています。 BOC Kenyaの自己資本利益率は14.3%であり、純利益率は22%です。主要情報22.95%収益成長率22.97%EPS成長率Chemicals 業界の成長13.08%収益成長率3.16%株主資本利益率14.31%ネット・マージン22.01%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Apr 17Full year 2025 earnings released: EPS: KSh16.08 (vs KSh10.84 in FY 2024)Full year 2025 results: EPS: KSh16.08 (up from KSh10.84 in FY 2024). Revenue: KSh1.43b (up 19% from FY 2024). Net income: KSh314.0m (up 48% from FY 2024). Profit margin: 22% (up from 18% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 26% per year.Reported Earnings • Sep 08First half 2024 earnings releasedFirst half 2024 results: EPS: KSh3.16. Net income: KSh61.8m (up KSh61.8m from 1H 2023).Reported Earnings • Jun 15Full year 2023 earnings released: EPS: KSh10.14 (vs KSh7.58 in FY 2022)Full year 2023 results: EPS: KSh10.14 (up from KSh7.58 in FY 2022). Revenue: KSh1.54b (up 20% from FY 2022). Net income: KSh198.1m (up 34% from FY 2022). Profit margin: 13% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jun 08Full year 2022 earnings released: EPS: KSh7.58 (vs KSh5.55 in FY 2021)Full year 2022 results: EPS: KSh7.58 (up from KSh5.55 in FY 2021). Revenue: KSh1.29b (down 6.8% from FY 2021). Net income: KSh148.0m (up 37% from FY 2021). Profit margin: 12% (up from 7.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 05Full year 2020 earnings released: EPS KSh5.21 (vs KSh2.86 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: KSh1.10b (up 13% from FY 2019). Net income: KSh101.7m (up 82% from FY 2019). Profit margin: 9.3% (up from 5.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesDeclared Dividend • Apr 18Final dividend of KSh10.35 announcedShareholders will receive a dividend of KSh10.35. Ex-date: 2nd June 2026 Payment date: 21st July 2026 Dividend yield will be 9.2%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 17Full year 2025 earnings released: EPS: KSh16.08 (vs KSh10.84 in FY 2024)Full year 2025 results: EPS: KSh16.08 (up from KSh10.84 in FY 2024). Revenue: KSh1.43b (up 19% from FY 2024). Net income: KSh314.0m (up 48% from FY 2024). Profit margin: 22% (up from 18% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 26% per year.お知らせ • Apr 16BOC Kenya Plc, Annual General Meeting, Jun 25, 2026BOC Kenya Plc, Annual General Meeting, Jun 25, 2026, at 11:00 E. Africa Standard Time.New Risk • Mar 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 22% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (KSh2.38b market cap, or US$18.3m).New Risk • Jan 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kenyan stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 22% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (KSh2.54b market cap, or US$19.7m).New Risk • Dec 31New major risk - Revenue and earnings growthRevenue has declined by 22% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 22% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (KSh2.51b market cap, or US$19.5m).New Risk • Dec 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (KSh2.40b market cap, or US$18.6m).Upcoming Dividend • Sep 15Upcoming dividend of KSh2.50 per shareEligible shareholders must have bought the stock before 22 September 2025. Payment date: 14 October 2025. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 6.8%. Lower than top quartile of Kenyan dividend payers (7.6%). Lower than average of industry peers (8.4%).Declared Dividend • Aug 28Final dividend of KSh2.50 announcedShareholders will receive a dividend of KSh2.50. Ex-date: 22nd September 2025 Payment date: 14th October 2025 Dividend yield will be 6.8%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (119% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Aug 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to KSh110, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 11x in the Chemicals industry in Africa. Total returns to shareholders of 64% over the past three years.Upcoming Dividend • May 26Upcoming dividend of KSh6.15 per shareEligible shareholders must have bought the stock before 02 June 2025. Payment date: 21 July 2025. Trailing yield: 5.8%. Lower than top quartile of Kenyan dividend payers (9.8%). Lower than average of industry peers (11%).Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to KSh88.00, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 8x in the Chemicals industry in Africa. Total returns to shareholders of 43% over the past three years.Declared Dividend • Apr 25First half dividend of KSh6.15 announcedShareholders will receive a dividend of KSh6.15. Ex-date: 2nd June 2025 Payment date: 21st July 2025 Dividend yield will be 8.7%, which is higher than the industry average of 2.8%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Apr 24BOC Kenya Plc, Annual General Meeting, Jun 26, 2025BOC Kenya Plc, Annual General Meeting, Jun 26, 2025, at 11:00 E. Africa Standard Time.New Risk • Mar 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (KSh1.64b market cap, or US$12.7m).Upcoming Dividend • Sep 16Upcoming dividend of KSh1.50 per shareEligible shareholders must have bought the stock before 23 September 2024. Payment date: 14 October 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 6.3%. Lower than top quartile of Kenyan dividend payers (13%). In line with average of industry peers (6.2%).Reported Earnings • Sep 08First half 2024 earnings releasedFirst half 2024 results: EPS: KSh3.16. Net income: KSh61.8m (up KSh61.8m from 1H 2023).Board Change • Jul 04Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Jun 15Full year 2023 earnings released: EPS: KSh10.14 (vs KSh7.58 in FY 2022)Full year 2023 results: EPS: KSh10.14 (up from KSh7.58 in FY 2022). Revenue: KSh1.54b (up 20% from FY 2022). Net income: KSh198.1m (up 34% from FY 2022). Profit margin: 13% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.New Risk • Jun 06New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Shares are highly illiquid. Revenue has declined by 6.8% over the past year. High level of non-cash earnings (34% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (KSh1.68b market cap, or US$12.9m).Upcoming Dividend • May 27Upcoming dividend of KSh6.05 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 21 July 2024. Trailing yield: 7.2%. Lower than top quartile of Kenyan dividend payers (12%). Lower than average of industry peers (9.5%).Valuation Update With 7 Day Price Move • May 02Investor sentiment improves as stock rises 21%After last week's 21% share price gain to KSh80.75, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 9x in the Chemicals industry in Africa. Total returns to shareholders of 42% over the past three years.Declared Dividend • May 02Dividend of KSh6.05 announcedShareholders will receive a dividend of KSh6.05. Ex-date: 3rd June 2024 Payment date: 21st July 2024 Dividend yield will be 7.5%, which is higher than the industry average of 2.8%. Sustainability & Growth The dividend has increased by an average of 1.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • Apr 20New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: KSh1.31b (US$9.83m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 6.8% over the past year. High level of non-cash earnings (34% accrual ratio). Market cap is less than US$10m (KSh1.31b market cap, or US$9.83m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Board Change • Jan 29Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Jan 16New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: KSh1.60b (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 6.8% over the past year. High level of non-cash earnings (34% accrual ratio). Market cap is less than US$10m (KSh1.60b market cap, or US$10.00m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Dec 31New major risk - Revenue and earnings growthRevenue has declined by 6.8% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 6.8% over the past year. High level of non-cash earnings (34% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (KSh1.60b market cap, or US$10.2m).New Risk • Dec 23New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (34% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (KSh1.60b market cap, or US$10.3m).Board Change • Dec 05Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Oct 30New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: KSh1.46b (US$9.73m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (34% accrual ratio). Market cap is less than US$10m (KSh1.46b market cap, or US$9.73m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Board Change • Oct 30Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Aug 21Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Jul 26New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: KSh1.41b (US$9.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (34% accrual ratio). Market cap is less than US$10m (KSh1.41b market cap, or US$9.88m). Minor Risk Paying a dividend despite having no free cash flows.New Risk • Jun 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (KSh1.76b market cap, or US$12.6m).Reported Earnings • Jun 08Full year 2022 earnings released: EPS: KSh7.58 (vs KSh5.55 in FY 2021)Full year 2022 results: EPS: KSh7.58 (up from KSh5.55 in FY 2021). Revenue: KSh1.29b (down 6.8% from FY 2021). Net income: KSh148.0m (up 37% from FY 2021). Profit margin: 12% (up from 7.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to KSh90.00, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 9x in the Chemicals industry in Africa. Total returns to shareholders of 89% over the past three years.Upcoming Dividend • May 26Upcoming dividend of KSh4.45 per share at 12% yieldEligible shareholders must have bought the stock before 02 June 2023. Payment date: 21 July 2023. Trailing yield: 12%. Lower than top quartile of Kenyan dividend payers (12%). Higher than average of industry peers (6.6%).Valuation Update With 7 Day Price Move • May 18Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to KSh76.50, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 8x in the Chemicals industry in Africa. Total returns to shareholders of 52% over the past three years.Board Change • Mar 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Nov 17Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Sep 26Upcoming dividend of KSh1.60 per shareEligible shareholders must have bought the stock before 03 October 2022. Payment date: 22 October 2022. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 4.2%. Lower than top quartile of Kenyan dividend payers (10.0%). Lower than average of industry peers (6.3%).Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improved over the past weekAfter last week's 19% share price gain to KSh84.75, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 8x in the Chemicals industry in Africa. Total returns to shareholders of 53% over the past three years.Board Change • Jun 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • May 23Upcoming dividend of KSh2.90 per shareEligible shareholders must have bought the stock before 30 May 2022. Payment date: 19 July 2022. Trailing yield: 7.7%. Lower than top quartile of Kenyan dividend payers (10%). Higher than average of industry peers (5.6%).Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 19% share price gain to KSh90.75, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 11x in the Chemicals industry in Africa. Total returns to shareholders of 43% over the past three years.Executive Departure • Sep 24Non-Executive Director Marius Kruger has left the companyOn the 13th of September, Marius Kruger's tenure as Non-Executive Director ended after 8.1 years in the role. We don't have any record of a personal shareholding under Marius' name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 7.08 years.Upcoming Dividend • Sep 20Upcoming dividend of KSh1.50 per shareEligible shareholders must have bought the stock before 27 September 2021. Payment date: 18 October 2021. Trailing yield: 4.0%. Lower than top quartile of Kenyan dividend payers (7.5%). Lower than average of industry peers (5.6%).Upcoming Dividend • May 19Inaugural dividend of KSh4.15 per shareEligible shareholders must have bought the stock before 26 May 2021. Payment date: 19 July 2021. The company last paid an ordinary dividend in June 2019. The average dividend yield among industry peers is 5.6%.Reported Earnings • May 05Full year 2020 earnings released: EPS KSh5.21 (vs KSh2.86 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: KSh1.10b (up 13% from FY 2019). Net income: KSh101.7m (up 82% from FY 2019). Profit margin: 9.3% (up from 5.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Nov 27Carbacid Investments plc (NASE:CARB) and Baloobhai Chhotabhai Patel made an offer to acquire BOC Kenya Plc (NASE:BOC) from group of sellers for KES 1.2 billionCarbacid Investments plc (NASE:CARB) and Baloobhai Chhotabhai Patel("Co-Offerors") made an offer to acquire BOC Kenya Plc (NASE:BOC) from group of sellers for KES 1.2 billion on November 25, 2020. Under the terms of the consideration, the shares will be acquired for KES 63.5 per share. Under the terms of the agreement, if by the Closing Date of the offer BOC no longer owns shares in Carbacid, Carbacid will proceed to acquire up to 100% of the Offer Shares and Baloobhai will waive his rights to acquire any Offer Shares; and if by the Closing Date BOC still holds shares in Carbacid then, Carbacid will acquire 49% of the Offer Shares and Baloobhai will acquire up to 51% of the Offer Shares. Baloobhai has agreed with Carbacid that if the Offer Shares held by Baloobhai are acquired by Carbacid within and up to six calendar months of the Closing Date, then the price for such Offer Shares shall be the Take-Over Offer Price and in addition Baloobhai shall charge Carbacid a fee equivalent to 1% per month (and pro rated for periods less than a month) of the value of the Offer Shares actually acquired by Baloobhai for agreeing to be a co-offeror. On the closing of the Offer, BOC shall continue to be listed. However, should the Co-Offerors achieve acceptances of 75% or more of the Offer Shares, the Co-Offerors will evaluate the continued efficacy of BOC remaining listed and may then, subject to approval from the Capital Markets Authority, apply for BOC to be de-listed from the NSE. The transaction is subject to regulatory approvals, including approvals from Competition Authority, Carbcaid shareholder's approval and other customary closing conditions. Faida Investment Bank acted as the financial advisor, Anjarwalla & Khanna acted as legal advisor , C&R Group acted as registrar and NCBA acted as depository bank for Carbacid and Baloobhai .収支内訳BOC Kenya の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NASE:BOC 収益、費用、利益 ( )KES Millions日付収益収益G+A経費研究開発費31 Dec 251,4273140031 Dec 241,204212377030 Sep 241,339211612030 Jun 241,473209458031 Mar 241,506204472031 Dec 231,539198487030 Sep 231,456179320030 Jun 231,373159348031 Mar 231,330154348031 Dec 221,287148348030 Sep 221,239129389030 Jun 221,190109431031 Mar 221,286109431031 Dec 211,382108431030 Sep 211,367117400030 Jun 211,352125369031 Mar 211,225114369031 Dec 201,098102369030 Jun 2092351391031 Mar 2095054391031 Dec 1997656393030 Jun 1997527417031 Mar 1997146417031 Dec 1896766417031 Dec 1796839461031 Dec 161,077126422031 Dec 151,186149426030 Sep 151,182179429030 Jun 151,1782094310質の高い収益: BOCは 高品質の収益 を持っています。利益率の向上: BOCの現在の純利益率 (22%)は、昨年(17.6%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: BOCの収益は過去 5 年間で年間23%増加しました。成長の加速: BOCの過去 1 年間の収益成長率 ( 48.4% ) は、5 年間の平均 ( 年間23%を上回っています。収益対業界: BOCの過去 1 年間の収益成長率 ( 48.4% ) はChemicals業界12.9%を上回りました。株主資本利益率高いROE: BOCの 自己資本利益率 ( 14.3% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMaterials 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 11:14終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋BOC Kenya Plc 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • Apr 17Full year 2025 earnings released: EPS: KSh16.08 (vs KSh10.84 in FY 2024)Full year 2025 results: EPS: KSh16.08 (up from KSh10.84 in FY 2024). Revenue: KSh1.43b (up 19% from FY 2024). Net income: KSh314.0m (up 48% from FY 2024). Profit margin: 22% (up from 18% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 26% per year.
Reported Earnings • Sep 08First half 2024 earnings releasedFirst half 2024 results: EPS: KSh3.16. Net income: KSh61.8m (up KSh61.8m from 1H 2023).
Reported Earnings • Jun 15Full year 2023 earnings released: EPS: KSh10.14 (vs KSh7.58 in FY 2022)Full year 2023 results: EPS: KSh10.14 (up from KSh7.58 in FY 2022). Revenue: KSh1.54b (up 20% from FY 2022). Net income: KSh198.1m (up 34% from FY 2022). Profit margin: 13% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jun 08Full year 2022 earnings released: EPS: KSh7.58 (vs KSh5.55 in FY 2021)Full year 2022 results: EPS: KSh7.58 (up from KSh5.55 in FY 2021). Revenue: KSh1.29b (down 6.8% from FY 2021). Net income: KSh148.0m (up 37% from FY 2021). Profit margin: 12% (up from 7.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 05Full year 2020 earnings released: EPS KSh5.21 (vs KSh2.86 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: KSh1.10b (up 13% from FY 2019). Net income: KSh101.7m (up 82% from FY 2019). Profit margin: 9.3% (up from 5.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Declared Dividend • Apr 18Final dividend of KSh10.35 announcedShareholders will receive a dividend of KSh10.35. Ex-date: 2nd June 2026 Payment date: 21st July 2026 Dividend yield will be 9.2%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 17Full year 2025 earnings released: EPS: KSh16.08 (vs KSh10.84 in FY 2024)Full year 2025 results: EPS: KSh16.08 (up from KSh10.84 in FY 2024). Revenue: KSh1.43b (up 19% from FY 2024). Net income: KSh314.0m (up 48% from FY 2024). Profit margin: 22% (up from 18% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 26% per year.
お知らせ • Apr 16BOC Kenya Plc, Annual General Meeting, Jun 25, 2026BOC Kenya Plc, Annual General Meeting, Jun 25, 2026, at 11:00 E. Africa Standard Time.
New Risk • Mar 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 22% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (KSh2.38b market cap, or US$18.3m).
New Risk • Jan 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kenyan stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 22% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (KSh2.54b market cap, or US$19.7m).
New Risk • Dec 31New major risk - Revenue and earnings growthRevenue has declined by 22% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 22% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (KSh2.51b market cap, or US$19.5m).
New Risk • Dec 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (KSh2.40b market cap, or US$18.6m).
Upcoming Dividend • Sep 15Upcoming dividend of KSh2.50 per shareEligible shareholders must have bought the stock before 22 September 2025. Payment date: 14 October 2025. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 6.8%. Lower than top quartile of Kenyan dividend payers (7.6%). Lower than average of industry peers (8.4%).
Declared Dividend • Aug 28Final dividend of KSh2.50 announcedShareholders will receive a dividend of KSh2.50. Ex-date: 22nd September 2025 Payment date: 14th October 2025 Dividend yield will be 6.8%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (119% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Aug 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to KSh110, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 11x in the Chemicals industry in Africa. Total returns to shareholders of 64% over the past three years.
Upcoming Dividend • May 26Upcoming dividend of KSh6.15 per shareEligible shareholders must have bought the stock before 02 June 2025. Payment date: 21 July 2025. Trailing yield: 5.8%. Lower than top quartile of Kenyan dividend payers (9.8%). Lower than average of industry peers (11%).
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to KSh88.00, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 8x in the Chemicals industry in Africa. Total returns to shareholders of 43% over the past three years.
Declared Dividend • Apr 25First half dividend of KSh6.15 announcedShareholders will receive a dividend of KSh6.15. Ex-date: 2nd June 2025 Payment date: 21st July 2025 Dividend yield will be 8.7%, which is higher than the industry average of 2.8%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 24BOC Kenya Plc, Annual General Meeting, Jun 26, 2025BOC Kenya Plc, Annual General Meeting, Jun 26, 2025, at 11:00 E. Africa Standard Time.
New Risk • Mar 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (KSh1.64b market cap, or US$12.7m).
Upcoming Dividend • Sep 16Upcoming dividend of KSh1.50 per shareEligible shareholders must have bought the stock before 23 September 2024. Payment date: 14 October 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 6.3%. Lower than top quartile of Kenyan dividend payers (13%). In line with average of industry peers (6.2%).
Reported Earnings • Sep 08First half 2024 earnings releasedFirst half 2024 results: EPS: KSh3.16. Net income: KSh61.8m (up KSh61.8m from 1H 2023).
Board Change • Jul 04Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jun 15Full year 2023 earnings released: EPS: KSh10.14 (vs KSh7.58 in FY 2022)Full year 2023 results: EPS: KSh10.14 (up from KSh7.58 in FY 2022). Revenue: KSh1.54b (up 20% from FY 2022). Net income: KSh198.1m (up 34% from FY 2022). Profit margin: 13% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
New Risk • Jun 06New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Shares are highly illiquid. Revenue has declined by 6.8% over the past year. High level of non-cash earnings (34% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (KSh1.68b market cap, or US$12.9m).
Upcoming Dividend • May 27Upcoming dividend of KSh6.05 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 21 July 2024. Trailing yield: 7.2%. Lower than top quartile of Kenyan dividend payers (12%). Lower than average of industry peers (9.5%).
Valuation Update With 7 Day Price Move • May 02Investor sentiment improves as stock rises 21%After last week's 21% share price gain to KSh80.75, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 9x in the Chemicals industry in Africa. Total returns to shareholders of 42% over the past three years.
Declared Dividend • May 02Dividend of KSh6.05 announcedShareholders will receive a dividend of KSh6.05. Ex-date: 3rd June 2024 Payment date: 21st July 2024 Dividend yield will be 7.5%, which is higher than the industry average of 2.8%. Sustainability & Growth The dividend has increased by an average of 1.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • Apr 20New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: KSh1.31b (US$9.83m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 6.8% over the past year. High level of non-cash earnings (34% accrual ratio). Market cap is less than US$10m (KSh1.31b market cap, or US$9.83m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Board Change • Jan 29Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Jan 16New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: KSh1.60b (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 6.8% over the past year. High level of non-cash earnings (34% accrual ratio). Market cap is less than US$10m (KSh1.60b market cap, or US$10.00m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Dec 31New major risk - Revenue and earnings growthRevenue has declined by 6.8% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 6.8% over the past year. High level of non-cash earnings (34% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (KSh1.60b market cap, or US$10.2m).
New Risk • Dec 23New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (34% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (KSh1.60b market cap, or US$10.3m).
Board Change • Dec 05Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Oct 30New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: KSh1.46b (US$9.73m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (34% accrual ratio). Market cap is less than US$10m (KSh1.46b market cap, or US$9.73m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Board Change • Oct 30Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Aug 21Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Jul 26New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: KSh1.41b (US$9.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (34% accrual ratio). Market cap is less than US$10m (KSh1.41b market cap, or US$9.88m). Minor Risk Paying a dividend despite having no free cash flows.
New Risk • Jun 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (KSh1.76b market cap, or US$12.6m).
Reported Earnings • Jun 08Full year 2022 earnings released: EPS: KSh7.58 (vs KSh5.55 in FY 2021)Full year 2022 results: EPS: KSh7.58 (up from KSh5.55 in FY 2021). Revenue: KSh1.29b (down 6.8% from FY 2021). Net income: KSh148.0m (up 37% from FY 2021). Profit margin: 12% (up from 7.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to KSh90.00, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 9x in the Chemicals industry in Africa. Total returns to shareholders of 89% over the past three years.
Upcoming Dividend • May 26Upcoming dividend of KSh4.45 per share at 12% yieldEligible shareholders must have bought the stock before 02 June 2023. Payment date: 21 July 2023. Trailing yield: 12%. Lower than top quartile of Kenyan dividend payers (12%). Higher than average of industry peers (6.6%).
Valuation Update With 7 Day Price Move • May 18Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to KSh76.50, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 8x in the Chemicals industry in Africa. Total returns to shareholders of 52% over the past three years.
Board Change • Mar 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Nov 17Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Sep 26Upcoming dividend of KSh1.60 per shareEligible shareholders must have bought the stock before 03 October 2022. Payment date: 22 October 2022. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 4.2%. Lower than top quartile of Kenyan dividend payers (10.0%). Lower than average of industry peers (6.3%).
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improved over the past weekAfter last week's 19% share price gain to KSh84.75, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 8x in the Chemicals industry in Africa. Total returns to shareholders of 53% over the past three years.
Board Change • Jun 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Stephen Maina was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • May 23Upcoming dividend of KSh2.90 per shareEligible shareholders must have bought the stock before 30 May 2022. Payment date: 19 July 2022. Trailing yield: 7.7%. Lower than top quartile of Kenyan dividend payers (10%). Higher than average of industry peers (5.6%).
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 19% share price gain to KSh90.75, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 11x in the Chemicals industry in Africa. Total returns to shareholders of 43% over the past three years.
Executive Departure • Sep 24Non-Executive Director Marius Kruger has left the companyOn the 13th of September, Marius Kruger's tenure as Non-Executive Director ended after 8.1 years in the role. We don't have any record of a personal shareholding under Marius' name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 7.08 years.
Upcoming Dividend • Sep 20Upcoming dividend of KSh1.50 per shareEligible shareholders must have bought the stock before 27 September 2021. Payment date: 18 October 2021. Trailing yield: 4.0%. Lower than top quartile of Kenyan dividend payers (7.5%). Lower than average of industry peers (5.6%).
Upcoming Dividend • May 19Inaugural dividend of KSh4.15 per shareEligible shareholders must have bought the stock before 26 May 2021. Payment date: 19 July 2021. The company last paid an ordinary dividend in June 2019. The average dividend yield among industry peers is 5.6%.
Reported Earnings • May 05Full year 2020 earnings released: EPS KSh5.21 (vs KSh2.86 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: KSh1.10b (up 13% from FY 2019). Net income: KSh101.7m (up 82% from FY 2019). Profit margin: 9.3% (up from 5.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Nov 27Carbacid Investments plc (NASE:CARB) and Baloobhai Chhotabhai Patel made an offer to acquire BOC Kenya Plc (NASE:BOC) from group of sellers for KES 1.2 billionCarbacid Investments plc (NASE:CARB) and Baloobhai Chhotabhai Patel("Co-Offerors") made an offer to acquire BOC Kenya Plc (NASE:BOC) from group of sellers for KES 1.2 billion on November 25, 2020. Under the terms of the consideration, the shares will be acquired for KES 63.5 per share. Under the terms of the agreement, if by the Closing Date of the offer BOC no longer owns shares in Carbacid, Carbacid will proceed to acquire up to 100% of the Offer Shares and Baloobhai will waive his rights to acquire any Offer Shares; and if by the Closing Date BOC still holds shares in Carbacid then, Carbacid will acquire 49% of the Offer Shares and Baloobhai will acquire up to 51% of the Offer Shares. Baloobhai has agreed with Carbacid that if the Offer Shares held by Baloobhai are acquired by Carbacid within and up to six calendar months of the Closing Date, then the price for such Offer Shares shall be the Take-Over Offer Price and in addition Baloobhai shall charge Carbacid a fee equivalent to 1% per month (and pro rated for periods less than a month) of the value of the Offer Shares actually acquired by Baloobhai for agreeing to be a co-offeror. On the closing of the Offer, BOC shall continue to be listed. However, should the Co-Offerors achieve acceptances of 75% or more of the Offer Shares, the Co-Offerors will evaluate the continued efficacy of BOC remaining listed and may then, subject to approval from the Capital Markets Authority, apply for BOC to be de-listed from the NSE. The transaction is subject to regulatory approvals, including approvals from Competition Authority, Carbcaid shareholder's approval and other customary closing conditions. Faida Investment Bank acted as the financial advisor, Anjarwalla & Khanna acted as legal advisor , C&R Group acted as registrar and NCBA acted as depository bank for Carbacid and Baloobhai .