| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
BOC Overview
BOC Kenya Plc, together with its subsidiaries, manufactures and sells industrial and medical gases, and welding products in Kenya, Tanzania, and Uganda.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | KSh64.50 |
| 52 Week High | KSh56.50 |
| 52 Week Low | KSh75.25 |
| Beta | 0.18 |
| 1 Month Change | -9.16% |
| 3 Month Change | 3.20% |
| 1 Year Change | 9.32% |
| 3 Year Change | -19.38% |
| 5 Year Change | -28.33% |
| Change since IPO | -19.38% |
Recent News & Updates
Shareholder Returns
| BOC | KE Chemicals | KE Market | |
|---|---|---|---|
| 7D | -7.9% | -1.9% | -1.0% |
| 1Y | 9.3% | 94.1% | 28.4% |
Return vs Industry: BOC underperformed the KE Chemicals industry which returned 94.1% over the past year.
Return vs Market: BOC underperformed the KE Market which returned 28.4% over the past year.
Price Volatility
| BOC volatility | |
|---|---|
| BOC Beta | 0.18 |
| Industry Beta | 1.88 |
| Market Beta | 1 |
Stable Share Price: BOC is more volatile than 75% of KE stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: BOC's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of KE stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1886 | 70 | Marion Gathoga-Mwangi | https://www.boc.co.ke |
BOC Kenya Plc, together with its subsidiaries, manufactures and sells industrial and medical gases, and welding products in Kenya, Tanzania, and Uganda. The company offers liquid oxygen, liquid nitrogen, and liquefied petroleum gas (LPG), as well as special gas mixtures. It also provides oxygen, nitrogen, argon, rare gases, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, and other general gases.
BOC Kenya Fundamentals Summary
| BOC fundamental statistics | |
|---|---|
| Market Cap | KSh1.26b |
| Earnings (TTM) | KSh101.66m |
| Revenue (TTM) | KSh1.10b |
12.4x
P/E Ratio1.1x
P/S RatioIs BOC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BOC income statement (TTM) | |
|---|---|
| Revenue | KSh1.10b |
| Cost of Revenue | KSh616.94m |
| Gross Profit | KSh481.16m |
| Expenses | KSh379.51m |
| Earnings | KSh101.66m |
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.21 |
| Gross Margin | 43.82% |
| Net Profit Margin | 9.26% |
| Debt/Equity Ratio | 0% |
How did BOC perform over the long term?
See historical performance and comparisonDividends
4.7%
Current Dividend Yield80%
Payout RatioValuation
Is BOC Kenya undervalued compared to its fair value and its price relative to the market?
12.39x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BOC (KES64.5) is trading above our estimate of fair value (KES11.46)
Significantly Below Fair Value: BOC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BOC is good value based on its PE Ratio (12.4x) compared to the African Chemicals industry average (12.9x).
PE vs Market: BOC is poor value based on its PE Ratio (12.4x) compared to the KE market (6.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BOC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BOC is good value based on its PB Ratio (0.8x) compared to the XF Chemicals industry average (1.4x).
Future Growth
How is BOC Kenya forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
17.3%
Forecasted Materials 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 BOC Kenya 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 BOC Kenya performed over the past 5 years?
-15.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BOC has high quality earnings.
Growing Profit Margin: BOC's current net profit margins (9.3%) are higher than last year (5.7%).
Past Earnings Growth Analysis
Earnings Trend: BOC's earnings have declined by 15.6% per year over the past 5 years.
Accelerating Growth: BOC's earnings growth over the past year (81.9%) exceeds its 5-year average (-15.6% per year).
Earnings vs Industry: BOC earnings growth over the past year (81.9%) exceeded the Chemicals industry 27%.
Return on Equity
High ROE: BOC's Return on Equity (6.3%) is considered low.
Financial Health
How is BOC Kenya's financial position?
Financial Position Analysis
Short Term Liabilities: BOC's short term assets (KES1.2B) exceed its short term liabilities (KES473.9M).
Long Term Liabilities: BOC's short term assets (KES1.2B) exceed its long term liabilities (KES7.8M).
Debt to Equity History and Analysis
Debt Level: BOC is debt free.
Reducing Debt: BOC has no debt compared to 5 years ago when its debt to equity ratio was 0%.
Debt Coverage: BOC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BOC has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is BOC Kenya current dividend yield, its reliability and sustainability?
4.65%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BOC's dividend (4.65%) is higher than the bottom 25% of dividend payers in the KE market (4.16%).
High Dividend: BOC's dividend (4.65%) is low compared to the top 25% of dividend payers in the KE market (7.98%).
Stability and Growth of Payments
Stable Dividend: BOC's dividend payments have been volatile in the past 10 years.
Growing Dividend: BOC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (79.7%), BOC's 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?
7.2yrs
Average management tenure
CEO
Marion Gathoga-Mwangi (49 yo)
3.25yrs
Tenure
KSh19,978,000
Compensation
Mrs. Marion Gathoga-Mwangi is an Independent Non-Executive Director of British American Tobacco Kenya plc since June 24, 2020. She has been Managing Director and Director of BOC Kenya Plc since July 16, 20...
CEO Compensation Analysis
Compensation vs Market: Marion's total compensation ($USD179.69K) is about average for companies of similar size in the KE market ($USD235.04K).
Compensation vs Earnings: Marion's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: BOC's management team is seasoned and experienced (7.2 years average tenure).
Board Members
Experienced Board: BOC's board of directors are considered experienced (3.3 years average tenure).
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
BOC Kenya Plc's employee growth, exchange listings and data sources
Key Information
- Name: BOC Kenya Plc
- Ticker: BOC
- Exchange: NASE
- Founded: 1886
- Industry: Industrial Gases
- Sector: Materials
- Market Cap: KSh1.259b
- Shares outstanding: 19.53m
- Website: https://www.boc.co.ke
Number of Employees
Location
- BOC Kenya Plc
- Industrial Area
- Kitui Road
- Nairobi
- 500
- Kenya
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 16:19 |
| End of Day Share Price | 2021/10/26 00:00 |
| Earnings | 2020/12/31 |
| 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.