Price Target Changed • 15h
Price target increased by 85% to GH₵79.24 Up from GH₵42.82, the current price target is provided by 1 analyst. New target price is 7.3% below last closing price of GH₵85.50. Stock is up 187% over the past year. The company posted earnings per share of GH₵2.43 last year. Announcement • May 20
Benso Oil Palm Plantation PLC announces Annual dividend, payable on July 14, 2026 Benso Oil Palm Plantation PLC announced Annual dividend of GHS 0.2226 per share payable on July 14, 2026, ex-date on May 18, 2026 and record date on May 20, 2026. Announcement • May 07
Benso Oil Palm Plantation PLC, Annual General Meeting, May 22, 2026 Benso Oil Palm Plantation PLC, Annual General Meeting, May 22, 2026. Location: palms by eagles hotel (formerly planter`s lodge), no 2 eagles lane, beach road, takoradi Ghana Announcement • May 14
Benso Oil Palm Plantation PLC, Annual General Meeting, May 30, 2025 Benso Oil Palm Plantation PLC, Annual General Meeting, May 30, 2025. Location: raybow hotel, beach road, takoradi, Ghana New Risk • Nov 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 238% Dividend yield: 8.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 238% Minor Risks Profit margins are more than 30% lower than last year (23% net profit margin). Market cap is less than US$100m (GH₵879.0m market cap, or US$53.7m). Declared Dividend • Nov 04
Dividend of GH₵1.13 announced Shareholders will receive a dividend of GH₵1.13. Ex-date: 21st November 2024 Payment date: 9th December 2024 Dividend yield will be 8.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (248% cash payout ratio). The dividend has increased by an average of 53% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 60% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: GH₵0.74 (vs GH₵0.56 in 3Q 2023) Third quarter 2024 results: EPS: GH₵0.74 (up from GH₵0.56 in 3Q 2023). Revenue: GH₵83.6m (up 12% from 3Q 2023). Net income: GH₵25.8m (up 33% from 3Q 2023). Profit margin: 31% (up from 26% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: GH₵0.74 (vs GH₵1.07 in 2Q 2023) Second quarter 2024 results: EPS: GH₵0.74 (down from GH₵1.07 in 2Q 2023). Revenue: GH₵95.6m (down 17% from 2Q 2023). Net income: GH₵25.7m (down 31% from 2Q 2023). Profit margin: 27% (down from 32% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 13
Upcoming dividend of GH₵0.93 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 11%. Lower than top quartile of Ghanaian dividend payers (12%). Higher than average of industry peers (3.7%). Announcement • May 05
Benso Oil Palm Plantation PLC, Annual General Meeting, May 24, 2024 Benso Oil Palm Plantation PLC, Annual General Meeting, May 24, 2024, at 11:00 Coordinated Universal Time. Location: Raybow Hotel, Beach Road, Takoradi Ghana Agenda: To receive and consider the report of the directors, the audited financial statements for the year ended 31st December, 2023 and the report of the auditors thereon; to declare a dividend; to re-elect directors; to approve directors' fees; to authorize the Board to fix the fees of the Auditor; and to consider other matters. New Risk • May 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (304% cash payout ratio). Profit margins are more than 30% lower than last year (23% net profit margin). Market cap is less than US$100m (GH₵751.7m market cap, or US$55.2m). Reported Earnings • May 02
First quarter 2024 earnings released: EPS: GH₵0.41 (vs GH₵1.05 in 1Q 2023) First quarter 2024 results: EPS: GH₵0.41 (down from GH₵1.05 in 1Q 2023). Revenue: GH₵93.2m (down 13% from 1Q 2023). Net income: GH₵14.2m (down 61% from 1Q 2023). Profit margin: 15% (down from 34% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 29% Last year net profit margin: 47% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.6% average weekly change). Profit margins are more than 30% lower than last year (29% net profit margin). Market cap is less than US$100m (GH₵749.2m market cap, or US$60.4m). New Risk • Nov 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (GH₵693.6m market cap, or US$57.9m). Board Change • Aug 30
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. MD & Director Santosh Pillai is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Aug 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Ghanaian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (GH₵535.9m market cap, or US$47.8m). New Risk • Jun 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 13% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). High level of non-cash earnings (42% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (GH₵491.0m market cap, or US$45.0m). Board Change • May 24
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. MD & Director Santosh Pillai is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to GH₵12.83, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 10x in the Food industry in Africa. Total returns to shareholders of 604% over the past three years. Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: GH₵4.62 (vs GH₵2.66 in FY 2021) Full year 2022 results: EPS: GH₵4.62 (up from GH₵2.66 in FY 2021). Revenue: GH₵340.5m (up 59% from FY 2021). Net income: GH₵160.6m (up 74% from FY 2021). Profit margin: 47% (up from 43% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Board Change • Feb 11
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Emmanuel Idun was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Dec 31
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Emmanuel Idun was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Emmanuel Idun was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: GH₵0.70 (vs GH₵0.53 in 3Q 2021) Third quarter 2022 results: EPS: GH₵0.70 (up from GH₵0.53 in 3Q 2021). Revenue: GH₵64.9m (up 40% from 3Q 2021). Net income: GH₵24.4m (up 32% from 3Q 2021). Profit margin: 38% (down from 40% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Board Change • Oct 04
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Emmanuel Idun was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: GH₵1.80 (vs GH₵0.58 in 2Q 2021) Second quarter 2022 results: EPS: GH₵1.80 (up from GH₵0.58 in 2Q 2021). Revenue: GH₵116.3m (up 115% from 2Q 2021). Net income: GH₵62.5m (up 211% from 2Q 2021). Profit margin: 54% (up from 37% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • May 26
Benso Palm Plantation plc Announces Board Appointments BOPP announces to the general investing public of the appointment of the Mr. Emmanuel Kojo Idun, Dr. Alfred Mahamadu Braimah and Ms. Patience Afua Aduakwa as Independent Non-Executive Directors of the Company effective May 20, 2022. Upcoming Dividend • May 09
Upcoming dividend of GH₵0.98 per share Eligible shareholders must have bought the stock before 16 May 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 8.2% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Ghanaian dividend payers (9.6%). Lower than average of industry peers (4.5%). Announcement • May 08
Benso Palm Plantation plc Proposes Dividend for the Financial Year 2021 Benso Palm Plantation Plc announces that the Company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GH¢1.0623 per share for the 2021 financial year. Ex-Dividend Date May 16, 2022, Payment Date July 15,2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Non-Executive Director Esine Okudzeto was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Non-Executive Director Esine Okudzeto was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Jan 05
Price target increased to GH₵7.38 Up from GH₵4.18, the current price target is provided by 1 analyst. New target price is 11% above last closing price of GH₵6.65. Stock is up 233% over the past year. The company posted earnings per share of GH₵0.71 last year. Board Change • Jan 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Non-Executive Director Esine Okudzeto was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Dec 22
Price target increased to GH₵7.38 Up from GH₵4.18, the current price target is provided by 1 analyst. New target price is 11% above last closing price of GH₵6.65. Stock is up 233% over the past year. The company posted earnings per share of GH₵0.71 last year. Board Change • Dec 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Non-Executive Director Esine Okudzeto was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 20% share price gain to GH₵4.80, the stock trades at a trailing P/E ratio of 3.2x. Average forward P/E is 10x in the Food industry in Africa. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 33% share price gain to GH₵3.79, the stock trades at a trailing P/E ratio of 2.5x. Average forward P/E is 10x in the Food industry in Africa. Total loss to shareholders of 21% over the past three years. Price Target Changed • Oct 01
Price target increased to GH₵7.38 Up from GH₵4.18, the current price target is provided by 1 analyst. New target price is 158% above last closing price of GH₵2.86. Stock is up 36% over the past year. Board Change • Oct 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Non-Executive Director Esine Okudzeto was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Non-Executive Director Esine Okudzeto was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 31
Upcoming dividend of GH₵0.20 per share Eligible shareholders must have bought the stock before 07 June 2021. Payment date: 05 August 2021. Trailing yield: 11%. Within top quartile of Ghanaian dividend payers (8.4%). Higher than average of industry peers (3.8%). Announcement • Apr 30
Benso Palm Plantation plc Proposes Final Dividend, Payable on July 23, 2021 The directors of Benso Palm Plantation Plc have proposed the payment of a final dividend of GHS 0.21290 per fully paid ordinary share (2019: GHS 0.05550) at its AGM to be held on June 11, 2021. If the payment of dividend recommended is approved, the warrants will be posted on the 23rd day of July 2021 to the holders of shares whose names are registered in the Register of members at the close of day on the 25th day of June 2021. Reported Earnings • Feb 06
Full year 2020 earnings released: EPS GH₵0.71 (vs GH₵0.28 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: GH₵123.8m (up 30% from FY 2019). Net income: GH₵24.7m (up 156% from FY 2019). Profit margin: 20% (up from 10% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Jan 24
Benso Oil Palm Plantation Limited Announces Appointment of Esine Okudzeto as an Independent Non-Executive Director Benso Oil Palm Plantation Limited announced the appointment of Ms. Esine Okudzeto as an Independent Non-Executive Director of the Company with effect from November 17, 2020. Price Target Changed • Dec 17
Price target lowered to GH₵3.85 Down from GH₵4.18, the current price target is provided by 1 analyst. The new target price is 93% above the current share price of GH₵2.00. As of last close, the stock is down 30% over the past year. Price Target Changed • Nov 26
Price target lowered to GH₵3.85 Down from GH₵4.18, the current price target is provided by 1 analyst. The new target price is 93% above the current share price of GH₵2.00. As of last close, the stock is down 31% over the past year. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS GH₵0.11 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: GH₵25.8m (up 10.0% from 3Q 2019). Net income: GH₵3.95m (up 185% from 3Q 2019). Profit margin: 15% (up from 5.9% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Sep 26
Benso Oil Palm Plantation Limited Appoints Mr. Viganeswaran Ponnudurai as Director Benso Oil Palm Plantation Limited announced that the appointment of Mr. Viganeswaran Ponnudurai as a director of the company effective 10th August 2020. Price Target Changed • Sep 25
Price target lowered to GH₵3.85 Down from GH₵4.18, the current price target is provided by 1 analyst. The new target price is 82% above the current share price of GH₵2.11. As of last close, the stock is down 28% over the past year.