View Future GrowthBOC Kenya 과거 순이익 실적과거 기준 점검 5/6BOC Kenya은 연평균 23%의 비율로 수입이 증가해 온 반면, Chemicals 산업은 수입이 20.5% 증가했습니다. 매출은 연평균 3.2%의 비율로 증가했습니다. BOC Kenya의 자기자본이익률은 14.3%이고 순이익률은 22%입니다.핵심 정보22.95%순이익 성장률22.97%주당순이익(EPS) 성장률Chemicals 산업 성장률13.08%매출 성장률3.16%자기자본이익률14.31%순이익률22.01%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported 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.모든 업데이트 보기Recent updatesUpcoming Dividend • 2hUpcoming dividend of KSh10.35 per shareEligible shareholders must have bought the stock before 02 June 2026. Payment date: 21 July 2026. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 7.3%. Lower than top quartile of Kenyan dividend payers (8.1%). Higher than average of industry peers (5.6%).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.공시 • 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.공시 • 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.공시 • 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 .매출 및 비용 세부 내역BOC Kenya가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NASE:BOC 매출, 비용 및 순이익 (KES Millions)날짜매출순이익일반관리비연구개발비31 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 151,1782094310양질의 수익: BOC는 고품질 수익을 보유하고 있습니다.이익 마진 증가: BOC의 현재 순 이익률 (22%)은 지난해 (17.6%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: BOC의 수익은 지난 5년 동안 연평균 23%로 크게 증가했습니다.성장 가속화: 지난 1년간 BOC 의 수익 증가율(48.4%)은 연간 평균(23%)을 초과합니다.수익 대 산업: BOC의 지난 1년 수익 증가율(48.4%)은 Chemicals 업계의 12.9%를 상회했습니다.자기자본이익률높은 ROE: BOC의 자본 수익률(14.3%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 15:03종가2026/05/26 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스BOC Kenya Plc는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
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.
Upcoming Dividend • 2hUpcoming dividend of KSh10.35 per shareEligible shareholders must have bought the stock before 02 June 2026. Payment date: 21 July 2026. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 7.3%. Lower than top quartile of Kenyan dividend payers (8.1%). Higher than average of industry peers (5.6%).
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.
공시 • 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.
공시 • 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.
공시 • 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 .