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BOC

BOC KenyaNASE:BOC Stock Report

Market Cap

KSh1.3b

7D

-7.9%

1Y

9.3%

Updated

26 Oct, 2021

Data

Company Financials
BOC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

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

Summary of all time highs, changes and price drops for BOC Kenya
Historical stock prices
Current Share PriceKSh64.50
52 Week HighKSh56.50
52 Week LowKSh75.25
Beta0.18
1 Month Change-9.16%
3 Month Change3.20%
1 Year Change9.32%
3 Year Change-19.38%
5 Year Change-28.33%
Change since IPO-19.38%

Recent News & Updates

Shareholder Returns

BOCKE ChemicalsKE Market
7D-7.9%-1.9%-1.0%
1Y9.3%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

Is BOC's price volatile compared to industry and market?
BOC volatility
BOC Beta0.18
Industry Beta1.88
Market Beta1

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

FoundedEmployeesCEOWebsite
188670Marion Gathoga-Mwangihttps://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

How do BOC Kenya's earnings and revenue compare to its market cap?
BOC fundamental statistics
Market CapKSh1.26b
Earnings (TTM)KSh101.66m
Revenue (TTM)KSh1.10b

12.4x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BOC income statement (TTM)
RevenueKSh1.10b
Cost of RevenueKSh616.94m
Gross ProfitKSh481.16m
ExpensesKSh379.51m
EarningsKSh101.66m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)5.21
Gross Margin43.82%
Net Profit Margin9.26%
Debt/Equity Ratio0%

How did BOC perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

80%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:19
End of Day Share Price2021/10/26 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.