| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
BCI Overview
Banque Marocaine pour le Commerce et l'Industrie, together with its subsidiaries, provides retail and corporate banking services to individuals, professionals, and companies.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | د.م670.00 |
| 52 Week High | د.م576.50 |
| 52 Week Low | د.م735.00 |
| Beta | 0.57 |
| 1 Month Change | -3.04% |
| 3 Month Change | 9.09% |
| 1 Year Change | 16.22% |
| 3 Year Change | -10.67% |
| 5 Year Change | 15.50% |
| Change since IPO | 332.44% |
Recent News & Updates
Shareholder Returns
| BCI | MA Banks | MA Market | |
|---|---|---|---|
| 7D | -1.3% | 0.9% | 1.0% |
| 1Y | 16.2% | 27.0% | 26.4% |
Return vs Industry: BCI underperformed the MA Banks industry which returned 27.5% over the past year.
Return vs Market: BCI underperformed the MA Market which returned 26.6% over the past year.
Price Volatility
| BCI volatility | |
|---|---|
| BCI Beta | 0.57 |
| Industry Beta | 0.41 |
| Market Beta | 1 |
Stable Share Price: BCI is not significantly more volatile than the rest of MA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BCI's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1964 | 3,000 | Rachid Marrakchi | https://www.bmci.ma |
Banque Marocaine pour le Commerce et l'Industrie, together with its subsidiaries, provides retail and corporate banking services to individuals, professionals, and companies. The company offers various accounts, savings and investment products, insurance brokerage, and credit products. It also provides remote banking, funding, and receipt services; private banking services, including patrimonial project, financial advisory, financing, and customized and everyday banking services; and international trade, growth finance, flow management, business cycle management, currency hedging, employee loyalty, and business assistance services.
Banque Marocaine pour le Commerce et l'Industrie Fundamentals Summary
| BCI fundamental statistics | |
|---|---|
| Market Cap | د.م8.90b |
| Earnings (TTM) | د.م347.95m |
| Revenue (TTM) | د.م2.38b |
25.6x
P/E Ratio1.2x
P/B RatioIs BCI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BCI income statement (TTM) | |
|---|---|
| Revenue | د.م2.38b |
| Cost of Revenue | د.م0 |
| Gross Profit | د.م2.38b |
| Expenses | د.م2.03b |
| Earnings | د.م347.95m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 26.20 |
| Gross Margin | 100.00% |
| Net Profit Margin | 14.62% |
| Debt/Equity Ratio | 128.9% |
How did BCI perform over the long term?
See historical performance and comparisonDividends
6.4%
Current Dividend Yield170%
Payout RatioValuation
Is Banque Marocaine pour le Commerce et l'Industrie undervalued compared to its fair value and its price relative to the market?
25.57x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BCI's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate BCI's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: BCI is poor value based on its PE Ratio (25.6x) compared to the MA Banks industry average (24.3x).
PE vs Market: BCI is good value based on its PE Ratio (25.6x) compared to the MA market (26.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BCI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BCI is good value based on its PB Ratio (1.2x) compared to the MA Banks industry average (1.7x).
Future Growth
How is Banque Marocaine pour le Commerce et l'Industrie forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
21.0%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if BCI's forecast earnings growth is above the savings rate (9.1%).
Earnings vs Market: Insufficient data to determine if BCI's earnings are forecast to grow faster than the MA market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BCI's revenue (21% per year) is forecast to grow faster than the MA market (6.7% per year).
High Growth Revenue: BCI's revenue (21% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BCI's Return on Equity is forecast to be low in 3 years time (7.8%).
Past Performance
How has Banque Marocaine pour le Commerce et l'Industrie performed over the past 5 years?
-10.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BCI has high quality earnings.
Growing Profit Margin: BCI's current net profit margins (14.6%) are higher than last year (13.6%).
Past Earnings Growth Analysis
Earnings Trend: BCI's earnings have declined by 10.5% per year over the past 5 years.
Accelerating Growth: BCI's earnings growth over the past year (10.7%) exceeds its 5-year average (-10.5% per year).
Earnings vs Industry: BCI earnings growth over the past year (10.7%) exceeded the Banks industry 8.4%.
Return on Equity
High ROE: BCI's Return on Equity (4.6%) is considered low.
Financial Health
How is Banque Marocaine pour le Commerce et l'Industrie'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: BCI's Assets to Equity ratio (9.3x) is low.
Allowance for Bad Loans: BCI has a low allowance for bad loans (88%).
Low Risk Liabilities: 77% of BCI's liabilities are made up of primarily low risk sources of funding.
Loan Level: BCI has an appropriate level of Loans to Assets ratio (76%).
Low Risk Deposits: BCI's Loans to Deposits ratio (110%) is appropriate.
Level of Bad Loans: BCI has a high level of bad loans (14.3%).
Dividend
What is Banque Marocaine pour le Commerce et l'Industrie current dividend yield, its reliability and sustainability?
6.42%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BCI's dividend (6.42%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).
High Dividend: BCI's dividend (6.42%) is in the top 25% of dividend payers in the MA market (4.86%)
Stability and Growth of Payments
Stable Dividend: BCI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BCI's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (170.2%), BCI's dividend payments are not well 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?
6.4yrs
Average board tenure
CEO
Rachid Marrakchi
no data
Tenure
Mr. Rachid Marrakchi serves as General Manager and Member of Management Board at Banque Marocaine pour le Commerce et l'Industrie since March, 2019 and serves its Chief Executive Officer. He served as Chie...
Board Members
Experienced Board: BCI's board of directors are considered experienced (6.4 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
Banque Marocaine pour le Commerce et l'Industrie's employee growth, exchange listings and data sources
Key Information
- Name: Banque Marocaine pour le Commerce et l'Industrie
- Ticker: BCI
- Exchange: CBSE
- Founded: 1964
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: د.م8.897b
- Shares outstanding: 13.28m
- Website: https://www.bmci.ma
Number of Employees
Location
- Banque Marocaine pour le Commerce et l'Industrie
- 26, Place des Nations
- Casablanca
- 20 000
- Morocco
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/19 16:30 |
| End of Day Share Price | 2021/10/18 00:00 |
| Earnings | 2021/06/30 |
| 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.