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BOAB

Bank of Africa - BeninBRVM:BOAB Stock Report

Market Cap

XOF109.1b

7D

1.4%

1Y

54.6%

Updated

26 Oct, 2021

Data

Company Financials
BOAB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends3/6

BOAB Overview

Bank of Africa - Benin SA provides various commercial banking products and services for individuals, businesses, and professional customers in Bénin.

Price History & Performance

Summary of all time highs, changes and price drops for Bank of Africa - Benin
Historical stock prices
Current Share PriceXOF5,380.00
52 Week HighXOF0
52 Week LowXOF0
Beta-0.026
1 Month Change9.80%
3 Month Change34.84%
1 Year Change54.60%
3 Year Change41.77%
5 Year Change-38.51%
Change since IPO227.17%

Recent News & Updates

Shareholder Returns

BOABCI BanksCI Market
7D1.4%-0.7%0.2%
1Y54.6%39.1%56.4%

Return vs Industry: BOAB exceeded the CI Banks industry which returned 39.1% over the past year.

Return vs Market: BOAB underperformed the CI Market which returned 56.4% over the past year.

Price Volatility

Is BOAB's price volatile compared to industry and market?
BOAB volatility
BOAB Beta-0.026
Industry Beta0.44
Market Beta1

Stable Share Price: BOAB is not significantly more volatile than the rest of CI stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BOAB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990653Sadio Cissehttps://www.boabenin.com

Bank of Africa - Benin SA provides various commercial banking products and services for individuals, businesses, and professional customers in Bénin. The company offers checking and savings accounts; cards; savings and investment products; mortgage, house, real estate, party, equipment, collective, consumer, vehicle, personal, travel, rechargeable, vitamin, and other loans; and insurance, money transfer, investment financing, bond, and international operation services, as well as online, mobile, and SMS banking services. As of December 31, 2020, it operated through a network of 51 agencies, including 26 in Cotonou and 25 agencies in the provinces.

Bank of Africa - Benin Fundamentals Summary

How do Bank of Africa - Benin's earnings and revenue compare to its market cap?
BOAB fundamental statistics
Market CapXOF109.11b
Earnings (TTM)XOF14.29b
Revenue (TTM)XOF41.84b

7.6x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BOAB income statement (TTM)
RevenueXOF41.84b
Cost of RevenueXOF0
Gross ProfitXOF41.84b
ExpensesXOF27.55b
EarningsXOF14.29b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)704.39
Gross Margin100.00%
Net Profit Margin34.14%
Debt/Equity Ratio201.0%

How did BOAB perform over the long term?

See historical performance and comparison

Dividends

8.5%

Current Dividend Yield

70%

Payout Ratio

Valuation

Is Bank of Africa - Benin undervalued compared to its fair value and its price relative to the market?

8.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BOAB (CFA5380) is trading below our estimate of fair value (CFA5901.37)

Significantly Below Fair Value: BOAB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BOAB is poor value based on its PE Ratio (7.6x) compared to the CI Banks industry average (7.1x).

PE vs Market: BOAB is good value based on its PE Ratio (7.6x) compared to the CI market (7.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BOAB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BOAB is good value based on its PB Ratio (1.2x) compared to the CI Banks industry average (1.6x).


Future Growth

How is Bank of Africa - Benin forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.4%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bank of Africa - Benin has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Bank of Africa - Benin performed over the past 5 years?

-1.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOAB has high quality earnings.

Growing Profit Margin: BOAB's current net profit margins (34.1%) are lower than last year (38.4%).


Past Earnings Growth Analysis

Earnings Trend: BOAB's earnings have declined by 1% per year over the past 5 years.

Accelerating Growth: BOAB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BOAB had negative earnings growth (-5.6%) over the past year, making it difficult to compare to the Banks industry average (14.2%).


Return on Equity

High ROE: BOAB's Return on Equity (15.9%) is considered low.


Financial Health

How is Bank of Africa - Benin's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BOAB's Assets to Equity ratio (10x) is moderate.

Allowance for Bad Loans: BOAB has a low allowance for bad loans (89%).

Low Risk Liabilities: 75% of BOAB's liabilities are made up of primarily low risk sources of funding.

Loan Level: BOAB has an appropriate level of Loans to Assets ratio (46%).

Low Risk Deposits: BOAB's Loans to Deposits ratio (67%) is appropriate.

Level of Bad Loans: BOAB has a high level of bad loans (14.5%).


Dividend

What is Bank of Africa - Benin current dividend yield, its reliability and sustainability?

8.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BOAB's dividend (8.53%) is higher than the bottom 25% of dividend payers in the CI market (3.75%).

High Dividend: BOAB's dividend (8.53%) is low compared to the top 25% of dividend payers in the CI market (9.79%).


Stability and Growth of Payments

Stable Dividend: BOAB's dividend payments have been volatile in the past 10 years.

Growing Dividend: BOAB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (70%), BOAB's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Sadio Cisse

no data

Tenure

Mr. Sadio Cisse serves as Managing Director of Bank of Africa Benin.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bank of Africa - Benin SA's employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Africa - Benin SA
  • Ticker: BOAB
  • Exchange: BRVM
  • Founded: 1990
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: XOF109.109b
  • Shares outstanding: 20.28m
  • Website: https://www.boabenin.com

Number of Employees


Location

  • Bank of Africa - Benin SA
  • Avenue Jean Paul II - 08
  • Cotonou
  • 879
  • Benin

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:00
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.