Banque Marocaine pour le Commerce et l'Industrie Valuation

Is BCI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BCI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate BCI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BCI's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BCI?

Key metric: As BCI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BCI. This is calculated by dividing BCI's market cap by their current earnings.
What is BCI's PE Ratio?
PE Ratio	45.6x
Earnings	د.م164.77m
Market Cap	د.م7.52b

BCI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	1x

Price to Earnings Ratio vs Peers

How does BCI's PE Ratio compare to its peers?

The above table shows the PE ratio for BCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	16.5x
CDM Crédit du Maroc	18.3x	8.4%	د.م11.1b
CIH Crédit Immobilier et Hôtelier Société Anonyme	17.9x	5.5%	د.م13.2b
BOA Bank of Africa	13.5x	6.8%	د.م42.9b
BCP Banque Centrale Populaire	16.4x	2.8%	د.م60.8b
BCI Banque Marocaine pour le Commerce et l'Industrie	45.6x	43.8%	د.م7.5b

Price-To-Earnings vs Peers: BCI is expensive based on its Price-To-Earnings Ratio (45.6x) compared to the peer average (16.5x).

Price to Earnings Ratio vs Industry

How does BCI's PE Ratio compare vs other companies in the African Banks Industry?

6 Companies	Price / Earnings	Estimated Growth	Market Cap

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BCI is expensive based on its Price-To-Earnings Ratio (45.6x) compared to the African Banks industry average (5.1x).

Price to Earnings Ratio vs Fair Ratio

What is BCI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BCI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	45.6x
Fair PE Ratio	27.3x

Price-To-Earnings vs Fair Ratio: BCI is expensive based on its Price-To-Earnings Ratio (45.6x) compared to the estimated Fair Price-To-Earnings Ratio (27.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.