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SIBC

Société Ivoirienne de BanqueBRVM:SIBC Stock Report

Market Cap

XOF195.0b

7D

0%

1Y

53.2%

Updated

15 Oct, 2021

Data

Company Financials
SIBC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends3/6

SIBC Overview

Société Ivoirienne de Banque S.A. provides various banking products and services in Côte d’Ivoire.

Price History & Performance

Summary of all time highs, changes and price drops for Société Ivoirienne de Banque
Historical stock prices
Current Share PriceXOF3,900.00
52 Week HighXOF0
52 Week LowXOF0
Beta-0.11
1 Month Change0%
3 Month Change11.27%
1 Year Change53.24%
3 Year Change90.24%
5 Year Changen/a
Change since IPO-2.91%

Recent News & Updates

Shareholder Returns

SIBCCI BanksCI Market
7D0%-0.5%1.4%
1Y53.2%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

Is SIBC's price volatile compared to industry and market?
SIBC volatility
SIBC Beta-0.11
Industry Beta0.44
Market Beta1

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

FoundedEmployeesCEOWebsite
1962950Daouda Coulibalyhttps://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

How do Société Ivoirienne de Banque's earnings and revenue compare to its market cap?
SIBC fundamental statistics
Market CapXOF195.00b
Earnings (TTM)XOF34.27b
Revenue (TTM)XOF73.55b

5.7x

P/E Ratio

1.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIBC income statement (TTM)
RevenueXOF73.55b
Cost of RevenueXOF0
Gross ProfitXOF73.55b
ExpensesXOF39.28b
EarningsXOF34.27b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)685.44
Gross Margin100.00%
Net Profit Margin46.59%
Debt/Equity Ratio42.2%

How did SIBC perform over the long term?

See historical performance and comparison

Dividends

10.3%

Current Dividend Yield

58%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 16:01
End of Day Share Price2021/10/14 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.