Ivorian (BRVM) Market Analysis & Valuation
UpdatedSep 24, 2023
DataAggregated Company Financials
Companies44
- 7D-1.9%
- 3M7.3%
- 1Y-0.2%
- YTD4.0%
Over the last 7 days, the market has dropped 1.9%, driven by losses in the Communication Services and Financials sectors of 1.7% and 2.2%, respectively. Although the market performance has been flat over the past year. Looking forward, earnings are forecast to grow by 5.2% annually.
Market Valuation and Performance
Has the Ivorian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Sep 2023 | XOF7.3t | XOF7.0t | XOF819.7b | 7.1x | 9x | 1.1x |
| Tue, 22 Aug 2023 | XOF7.1t | XOF6.8t | XOF797.6b | 7x | 8.9x | 1x |
| Thu, 20 Jul 2023 | XOF7.0t | XOF6.5t | XOF779.6b | 6.9x | 9x | 1.1x |
| Sat, 17 Jun 2023 | XOF6.7t | XOF6.0t | XOF780.7b | 6.6x | 8.6x | 1.1x |
| Mon, 15 May 2023 | XOF6.9t | XOF5.9t | XOF756.0b | 6.6x | 9.1x | 1.2x |
| Wed, 12 Apr 2023 | XOF7.0t | XOF5.9t | XOF773.0b | 7x | 9.1x | 1.2x |
| Fri, 10 Mar 2023 | XOF7.2t | XOF6.3t | XOF770.5b | 7.2x | 9.3x | 1.1x |
| Sun, 05 Feb 2023 | XOF7.0t | XOF6.2t | XOF762.0b | 7.1x | 9.1x | 1.1x |
| Tue, 03 Jan 2023 | XOF5.5t | XOF6.2t | XOF762.0b | 7.1x | 7.3x | 0.9x |
| Thu, 01 Dec 2022 | XOF5.3t | XOF6.2t | XOF768.3b | 7.1x | 6.9x | 0.9x |
| Sat, 29 Oct 2022 | XOF5.6t | XOF6.2t | XOF776.1b | 7.6x | 7.2x | 0.9x |
| Mon, 26 Sep 2022 | XOF5.7t | XOF6.0t | XOF762.4b | 8.4x | 7.5x | 0.9x |
| Wed, 24 Aug 2022 | XOF5.7t | XOF6.0t | XOF759.7b | 8x | 7.5x | 1x |
| Fri, 22 Jul 2022 | XOF5.7t | XOF5.9t | XOF750.2b | 8x | 7.6x | 1x |
| Sun, 19 Jun 2022 | XOF5.9t | XOF5.9t | XOF750.2b | 8.2x | 7.8x | 1x |
| Tue, 17 May 2022 | XOF6.0t | XOF5.8t | XOF744.5b | 8x | 8x | 1x |
| Thu, 14 Apr 2022 | XOF6.0t | XOF5.4t | XOF703.8b | 8.1x | 8.5x | 1.1x |
| Sat, 12 Mar 2022 | XOF6.0t | XOF5.3t | XOF671.5b | 8.6x | 8.9x | 1.1x |
| Mon, 07 Feb 2022 | XOF5.5t | XOF5.4t | XOF677.3b | 7.6x | 8.2x | 1x |
| Wed, 05 Jan 2022 | XOF5.5t | XOF5.3t | XOF676.3b | 7.7x | 8.2x | 1x |
| Fri, 03 Dec 2021 | XOF5.5t | XOF5.4t | XOF677.1b | 7.9x | 8.1x | 1x |
| Sun, 31 Oct 2021 | XOF5.4t | XOF5.2t | XOF648.0b | 8.1x | 8.4x | 1x |
| Tue, 28 Sep 2021 | XOF5.0t | XOF5.1t | XOF626.9b | 8.2x | 8x | 1x |
| Thu, 26 Aug 2021 | XOF4.8t | XOF5.4t | XOF607.6b | 7x | 7.9x | 0.9x |
| Fri, 02 Jul 2021 | XOF4.4t | XOF5.4t | XOF607.6b | 6.4x | 7.2x | 0.8x |
| Mon, 05 Apr 2021 | XOF4.0t | XOF5.3t | XOF577.5b | 6.6x | 6.9x | 0.7x |
| Thu, 07 Jan 2021 | XOF4.1t | XOF5.3t | XOF543.8b | 5.9x | 7.6x | 0.8x |
| Wed, 30 Sep 2020 | XOF3.8t | XOF5.4t | XOF525.3b | 6x | 7.3x | 0.7x |
Price to Earnings Ratio
7.3x
Current Market PE
- Investors are optimistic on the Ivorian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 9.0x which is higher than its 3-year average PE of 7.9x.
Past Earnings Growth
- The earnings for Ivorian listed companies have grown 16% per year over the last three years.
- Revenues for these companies have grown 9.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Ivorian Market?
| CI Market | -1.92% | |
| Materials | 1.58% | |
| Real Estate | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Consumer Staples | -0.27% | |
| Telecom | -1.70% | |
| Financials | -2.16% | |
| Industrials | -2.45% | |
| Consumer Discretionary | -3.29% | |
| Utilities | -3.94% | |
| Energy | -4.50% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 11.6x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 6.1x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 5.2% over the next 5 years.
- However this is lower than its past earnings growth rate of 12% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| SIBC Société Ivoirienne de Banque | XOF5.40k | 1.7% +XOF4.5b | 12.5% | PB2.1x | Financials | |
| BOABF Bank of Africa - Burkina Faso | XOF6.90k | 1.7% +XOF2.5b | 30.1% | PB1.4x | Financials | |
| BOAS Bank Of Africa Senegal | XOF3.20k | 3.2% +XOF2.4b | 32.2% | PB1.2x | Financials | |
| BICC Banque Internationale pour le Commerce et l'Industrie de la Côte d'Ivoire | XOF6.90k | 1.5% +XOF1.8b | 6.2% | PB1.5x | Financials | |
| SOGC Société des Caoutchoucs de Grand-Béréby Société Anonyme | XOF3.75k | 1.4% +XOF1.1b | -38.5% | PE4.2x | Consumer Staples |
Market Insights
This week we are having a look at the diverse and interesting field of nanotechnology. We’re going to have a look at what it is in the first place, the types of nanotech applications, and how to invest in the space.
Continue reading