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BOAC

Bank of Africa - Côte D'ivoireBRVM:BOAC Stock Report

Market Cap

XOF95.0b

7D

2.6%

1Y

71.5%

Updated

26 Oct, 2021

Data

Company Financials
BOAC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends1/6

BOAC Overview

Bank of Africa - Côte D’ivoire provides various banking and financial services for individuals and businesses in Ivory Coast.

Price History & Performance

Summary of all time highs, changes and price drops for Bank of Africa - Côte D'ivoire
Historical stock prices
Current Share PriceXOF4,750.00
52 Week HighXOF0
52 Week LowXOF0
Beta0.45
1 Month Change-2.26%
3 Month Change25.33%
1 Year Change71.48%
3 Year Change93.88%
5 Year Change-34.93%
Change since IPO396.52%

Recent News & Updates

Shareholder Returns

BOACCI BanksCI Market
7D2.6%-0.7%0.2%
1Y71.5%39.1%56.4%

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

Return vs Market: BOAC exceeded the CI Market which returned 56.4% over the past year.

Price Volatility

Is BOAC's price volatile compared to industry and market?
BOAC volatility
BOAC Beta0.45
Industry Beta0.44
Market Beta1

Stable Share Price: BOAC is not significantly more volatile than the rest of CI stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BOAC's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aVincent Istassehttps://www.boacoteivoire.com

Bank of Africa - Côte D’ivoire provides various banking and financial services for individuals and businesses in Ivory Coast. It operates 40 branches. The company was founded in 1996 and is based in Abidjan, Ivory Coast.

Bank of Africa - Côte D'ivoire Fundamentals Summary

How do Bank of Africa - Côte D'ivoire's earnings and revenue compare to its market cap?
BOAC fundamental statistics
Market CapXOF95.00b
Earnings (TTM)XOF14.96b
Revenue (TTM)XOF35.07b

6.4x

P/E Ratio

1.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BOAC income statement (TTM)
RevenueXOF35.07b
Cost of RevenueXOF0
Gross ProfitXOF35.07b
ExpensesXOF20.11b
EarningsXOF14.96b

Last Reported Earnings

Jun 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)748.00
Gross Margin100.00%
Net Profit Margin42.66%
Debt/Equity Ratio0.003%

How did BOAC perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

n/a

Payout Ratio

Valuation

Is Bank of Africa - Côte D'ivoire undervalued compared to its fair value and its price relative to the market?

6.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BOAC (CFA4750) is trading above our estimate of fair value (CFA3793.29)

Significantly Below Fair Value: BOAC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BOAC is good value based on its PE Ratio (6.4x) compared to the CI Banks industry average (7.1x).

PE vs Market: BOAC is good value based on its PE Ratio (6.4x) compared to the CI market (7.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BOAC is overvalued based on its PB Ratio (1.8x) compared to the CI Banks industry average (1.6x).


Future Growth

How is Bank of Africa - Côte D'ivoire 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 - Côte D'ivoire 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 - Côte D'ivoire performed over the past 5 years?

28.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: BOAC has high quality earnings.

Growing Profit Margin: BOAC's current net profit margins (42.7%) are higher than last year (36.1%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BOAC's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare BOAC's past year earnings growth to its 5-year average.

Earnings vs Industry: BOAC earnings growth over the past year (28.1%) exceeded the Banks industry 14.2%.


Return on Equity

High ROE: BOAC's Return on Equity (28%) is considered high.


Financial Health

How is Bank of Africa - Côte D'ivoire'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: BOAC's Assets to Equity ratio (13.4x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if BOAC has a sufficient allowance for bad loans.

Low Risk Liabilities: 98% of BOAC's liabilities are made up of primarily low risk sources of funding.

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

Low Risk Deposits: BOAC's Loans to Deposits ratio (51%) is appropriate.

Level of Bad Loans: Insufficient data to determine if BOAC has an appropriate level of bad loans.


Dividend

What is Bank of Africa - Côte D'ivoire current dividend yield, its reliability and sustainability?

7.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BOAC's dividend (7.37%) is higher than the bottom 25% of dividend payers in the CI market (3.75%).

High Dividend: BOAC's dividend (7.37%) is low compared to the top 25% of dividend payers in the CI market (9.79%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BOAC has been paying a dividend for less than 10 years.

Growing Dividend: BOAC's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its 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

Vincent Istasse

no data

Tenure

Mr. Vincent Istasse serves as Managing Director of BANK OF AFRICA – CÔTE D'IVOIRE.


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 - Côte D'ivoire's employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Africa - Côte D'ivoire
  • Ticker: BOAC
  • Exchange: BRVM
  • Founded: 1996
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: XOF95.000b
  • Shares outstanding: 20.00m
  • Website: https://www.boacoteivoire.com

Number of Employees


Location

  • Bank of Africa - Côte D'ivoire
  • Corner Avenue Terrasson de Fougères and Rue Gourgas
  • Abidjan Plateau
  • Abidjan
  • 1
  • Ivory Coast

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
Earnings2020/06/30
Annual Earnings2019/12/31


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.