| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
SIBC Overview
Société Ivoirienne de Banque S.A. provides various banking products and services in Côte d’Ivoire.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | XOF3,900.00 |
| 52 Week High | XOF0 |
| 52 Week Low | XOF0 |
| Beta | -0.11 |
| 1 Month Change | 0% |
| 3 Month Change | 11.27% |
| 1 Year Change | 53.24% |
| 3 Year Change | 90.24% |
| 5 Year Change | n/a |
| Change since IPO | -2.91% |
Recent News & Updates
Shareholder Returns
| SIBC | CI Banks | CI Market | |
|---|---|---|---|
| 7D | 0% | -0.5% | 1.4% |
| 1Y | 53.2% | 45.5% | 54.6% |
Return vs Industry: SIBC exceeded the CI Banks industry which returned 45.5% over the past year.
Return vs Market: SIBC underperformed the CI Market which returned 54.6% over the past year.
Price Volatility
| SIBC volatility | |
|---|---|
| SIBC Beta | -0.11 |
| Industry Beta | 0.44 |
| Market Beta | 1 |
Stable Share Price: SIBC is not significantly more volatile than the rest of CI stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SIBC's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1962 | 950 | Daouda Coulibaly | https://www.sib.ci |
Société Ivoirienne de Banque S.A. provides various banking products and services in Côte d’Ivoire. It also offers credit and insurance products. The company was founded in 1962 and is based in Abidjan, Ivory Coast.
Société Ivoirienne de Banque Fundamentals Summary
| SIBC fundamental statistics | |
|---|---|
| Market Cap | XOF195.00b |
| Earnings (TTM) | XOF34.27b |
| Revenue (TTM) | XOF73.55b |
5.7x
P/E Ratio1.7x
P/B RatioIs SIBC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SIBC income statement (TTM) | |
|---|---|
| Revenue | XOF73.55b |
| Cost of Revenue | XOF0 |
| Gross Profit | XOF73.55b |
| Expenses | XOF39.28b |
| Earnings | XOF34.27b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 685.44 |
| Gross Margin | 100.00% |
| Net Profit Margin | 46.59% |
| Debt/Equity Ratio | 42.2% |
How did SIBC perform over the long term?
See historical performance and comparisonDividends
10.3%
Current Dividend Yield58%
Payout RatioValuation
Is Société Ivoirienne de Banque undervalued compared to its fair value and its price relative to the market?
7.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SIBC (CFA3900) is trading below our estimate of fair value (CFA4230.83)
Significantly Below Fair Value: SIBC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SIBC is good value based on its PE Ratio (5.7x) compared to the CI Banks industry average (7.2x).
PE vs Market: SIBC is good value based on its PE Ratio (5.7x) compared to the CI market (8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SIBC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SIBC's PB Ratio (1.7x) is in line with the CI Banks industry average.
Future Growth
How is Société Ivoirienne de Banque forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.1%
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 Société Ivoirienne de Banque 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 Société Ivoirienne de Banque performed over the past 5 years?
14.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SIBC has high quality earnings.
Growing Profit Margin: SIBC's current net profit margins (46.6%) are higher than last year (44%).
Past Earnings Growth Analysis
Earnings Trend: SIBC's earnings have grown by 14% per year over the past 5 years.
Accelerating Growth: SIBC's earnings growth over the past year (13%) is below its 5-year average (14% per year).
Earnings vs Industry: SIBC earnings growth over the past year (13%) underperformed the Banks industry 14.2%.
Return on Equity
High ROE: SIBC's Return on Equity (29.6%) is considered high.
Financial Health
How is Société Ivoirienne de Banque'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: SIBC's Assets to Equity ratio (10.9x) is moderate.
Allowance for Bad Loans: SIBC has a low allowance for bad loans (79%).
Low Risk Liabilities: 90% of SIBC's liabilities are made up of primarily low risk sources of funding.
Loan Level: SIBC has an appropriate level of Loans to Assets ratio (63%).
Low Risk Deposits: SIBC's Loans to Deposits ratio (77%) is appropriate.
Level of Bad Loans: SIBC has a high level of bad loans (6.3%).
Dividend
What is Société Ivoirienne de Banque current dividend yield, its reliability and sustainability?
10.26%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SIBC's dividend (10.26%) is higher than the bottom 25% of dividend payers in the CI market (4.31%).
High Dividend: SIBC's dividend (10.26%) is in the top 25% of dividend payers in the CI market (10.26%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SIBC has been paying a dividend for less than 10 years.
Growing Dividend: SIBC's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.4%), SIBC'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
Daouda Coulibaly
9.67yrs
Tenure
Mr. Daouda Coulibaly serves as Managing Director at Société Ivoirienne de Banque SA.
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
Société Ivoirienne de Banque S.A.'s employee growth, exchange listings and data sources
Key Information
- Name: Société Ivoirienne de Banque S.A.
- Ticker: SIBC
- Exchange: BRVM
- Founded: 1962
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: XOF195.000b
- Shares outstanding: 50.00m
- Website: https://www.sib.ci
Number of Employees
Location
- Société Ivoirienne de Banque S.A.
- 34 Boulevard de le Republique
- Immeuble Alpha 2000
- Abidjan
- Ivory Coast
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/15 16:01 |
| End of Day Share Price | 2021/10/14 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.