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CIEC

Compagnie Ivoirienne d'ElectricitéBRVM:CIEC Stock Report

Market Cap

XOF110.0b

7D

0.3%

1Y

78.6%

Updated

19 Oct, 2021

Data

Company Financials
CIEC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends3/6

CIEC Overview

Compagnie Ivoirienne d'Electricité, S.A.

Price History & Performance

Summary of all time highs, changes and price drops for Compagnie Ivoirienne d'Electricité
Historical stock prices
Current Share PriceXOF2,000.00
52 Week HighXOF0
52 Week LowXOF0
Beta0.14
1 Month Change0%
3 Month Change23.46%
1 Year Change78.57%
3 Year Change50.94%
5 Year Change-45.21%
Change since IPO321.05%

Recent News & Updates

Shareholder Returns

CIECCI Electric UtilitiesCI Market
7D0.3%-0.2%-0.02%
1Y78.6%25.9%52.6%

Return vs Industry: CIEC exceeded the CI Electric Utilities industry which returned 25.5% over the past year.

Return vs Market: CIEC exceeded the CI Market which returned 53.3% over the past year.

Price Volatility

Is CIEC's price volatile compared to industry and market?
CIEC volatility
CIEC Beta0.14
Industry Beta0.55
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
19904,563Ahmadou Bakayokohttps://www.cie.ci

Compagnie Ivoirienne d'Electricité, S.A. engages in the production, transmission, and distribution of electricity in West Africa. The company also engages in the production and distribution of drinking water. In addition, it provides management of public services.

Compagnie Ivoirienne d'Electricité Fundamentals Summary

How do Compagnie Ivoirienne d'Electricité's earnings and revenue compare to its market cap?
CIEC fundamental statistics
Market CapXOF110.04b
Earnings (TTM)XOF17.18b
Revenue (TTM)XOF222.13b

6.5x

P/E Ratio

0.5x

P/S Ratio


Dividends

9.3%

Current Dividend Yield

61%

Payout Ratio

Valuation

Is Compagnie Ivoirienne d'Electricité undervalued compared to its fair value and its price relative to the market?

11.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CIEC (CFA2000) is trading below our estimate of fair value (CFA2248.34)

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


Price To Earnings Ratio

PE vs Industry: CIEC is good value based on its PE Ratio (6.5x) compared to the Global Electric Utilities industry average (14.6x).

PE vs Market: CIEC is good value based on its PE Ratio (6.5x) compared to the CI market (8.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CIEC is overvalued based on its PB Ratio (3x) compared to the XF Electric Utilities industry average (0.6x).


Future Growth

How is Compagnie Ivoirienne d'Electricité forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.6%

Forecasted Utilities 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 Compagnie Ivoirienne d'Electricité 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 Compagnie Ivoirienne d'Electricité performed over the past 5 years?

-1.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CIEC has high quality earnings.

Growing Profit Margin: CIEC's current net profit margins (7.7%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: CIEC's earnings have declined by 1.1% per year over the past 5 years.

Accelerating Growth: CIEC's earnings growth over the past year (119.9%) exceeds its 5-year average (-1.1% per year).

Earnings vs Industry: CIEC earnings growth over the past year (119.9%) exceeded the Electric Utilities industry 8.2%.


Return on Equity

High ROE: Whilst CIEC's Return on Equity (45.78%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Compagnie Ivoirienne d'Electricité's financial position?


Financial Position Analysis

Short Term Liabilities: CIEC's short term assets (CFA1,102.3B) do not cover its short term liabilities (CFA1,194.9B).

Long Term Liabilities: CIEC's short term assets (CFA1,102.3B) exceed its long term liabilities (CFA22.3B).


Debt to Equity History and Analysis

Debt Level: CIEC's debt to equity ratio (357.3%) is considered high.

Reducing Debt: CIEC's debt to equity ratio has increased from 75.3% to 357.3% over the past 5 years.

Debt Coverage: CIEC's debt is well covered by operating cash flow (37.5%).

Interest Coverage: CIEC's interest payments on its debt are well covered by EBIT (31.6x coverage).


Balance Sheet


Dividend

What is Compagnie Ivoirienne d'Electricité current dividend yield, its reliability and sustainability?

9.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CIEC's dividend (9.29%) is higher than the bottom 25% of dividend payers in the CI market (4.29%).

High Dividend: CIEC's dividend (9.29%) is low compared to the top 25% of dividend payers in the CI market (10.1%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.5%), CIEC'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

Ahmadou Bakayoko

2.5yrs

Tenure

Ahmadou Bakayoko serves as Director at Compagnie Ivoirienne d'Electricité, S.A since April 2019 and also serves as its Chief Executive Officer since April 2019.


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

Compagnie Ivoirienne d'Electricité, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Compagnie Ivoirienne d'Electricité, S.A.
  • Ticker: CIEC
  • Exchange: BRVM
  • Founded: 1990
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: XOF110.040b
  • Shares outstanding: 56.00m
  • Website: https://www.cie.ci

Number of Employees


Location

  • Compagnie Ivoirienne d'Electricité, S.A.
  • 1, Avenue Christiani
  • Treichville 01
  • 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 Analysis2021/10/19 21:43
End of Day Share Price2021/10/19 00:00
Earnings2020/12/31
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.