company background image
BCP

Banque Centrale PopulaireCBSE:BCP Stock Report

Market Cap

د.م61.8b

7D

1.1%

1Y

15.8%

Updated

25 Oct, 2021

Data

Company Financials +
BCP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends4/6

BCP Overview

Banque Centrale Populaire provides banking products and services in Morocco, Africa, Europe, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Banque Centrale Populaire
Historical stock prices
Current Share Priceد.م278.00
52 Week Highد.م236.30
52 Week Lowد.م278.00
Beta0.29
1 Month Change0.73%
3 Month Change4.51%
1 Year Change15.81%
3 Year Change2.58%
5 Year Change20.95%
Change since IPO704.63%

Recent News & Updates

Shareholder Returns

BCPMA BanksMA Market
7D1.1%0.7%0.3%
1Y15.8%25.9%25.1%

Return vs Industry: BCP underperformed the MA Banks industry which returned 25% over the past year.

Return vs Market: BCP underperformed the MA Market which returned 24.8% over the past year.

Price Volatility

Is BCP's price volatile compared to industry and market?
BCP volatility
BCP Beta0.29
Industry Beta0.41
Market Beta1

Stable Share Price: BCP is less volatile than 75% of MA stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: BCP's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19262,708Mohamed Mounirhttps://www.groupebcp.com

Banque Centrale Populaire provides banking products and services in Morocco, Africa, Europe, and internationally. Its products and services include current accounts, cheque accounts, factoring accounts, savings accounts, term accounts, and other deposit accounts, as well as certificates of deposit and various loans and advances. The company also engages in the investment-banking, securities, microfinance, insurance consultancy and brokerage, and international banking activities; management, archiving, and conservation of documents, computers, and other media, as well as information containers; provision of lease-financing services for movable assets and real estate; consumer credit business; and long-term leasing and fleet management.

Banque Centrale Populaire Fundamentals Summary

How do Banque Centrale Populaire's earnings and revenue compare to its market cap?
BCP fundamental statistics
Market Capد.م61.75b
Earnings (TTM)د.م1.76b
Revenue (TTM)د.م14.09b

35.0x

P/E Ratio

1.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BCP income statement (TTM)
Revenueد.م14.09b
Cost of Revenueد.م0
Gross Profitد.م14.09b
Expensesد.م12.33b
Earningsد.م1.76b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.93
Gross Margin100.00%
Net Profit Margin12.51%
Debt/Equity Ratio103.3%

How did BCP perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

92%

Payout Ratio

Valuation

Is Banque Centrale Populaire undervalued compared to its fair value and its price relative to the market?

35.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BCP's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BCP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BCP is poor value based on its PE Ratio (35x) compared to the MA Banks industry average (24.2x).

PE vs Market: BCP is poor value based on its PE Ratio (35x) compared to the MA market (26.6x).


Price to Earnings Growth Ratio

PEG Ratio: BCP is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: BCP is overvalued based on its PB Ratio (1.9x) compared to the MA Banks industry average (1.7x).


Future Growth

How is Banque Centrale Populaire forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

26.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCP's forecast earnings growth (26% per year) is above the savings rate (9.1%).

Earnings vs Market: BCP's earnings (26% per year) are forecast to grow faster than the MA market (13.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BCP's revenue (10.4% per year) is forecast to grow faster than the MA market (6.8% per year).

High Growth Revenue: BCP's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BCP's Return on Equity is forecast to be low in 3 years time (10.3%).


Past Performance

How has Banque Centrale Populaire performed over the past 5 years?

-7.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BCP has high quality earnings.

Growing Profit Margin: BCP's current net profit margins (12.5%) are lower than last year (16%).


Past Earnings Growth Analysis

Earnings Trend: BCP's earnings have declined by 7.1% per year over the past 5 years.

Accelerating Growth: BCP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BCP had negative earnings growth (-25.7%) over the past year, making it difficult to compare to the Banks industry average (8.4%).


Return on Equity

High ROE: BCP's Return on Equity (5%) is considered low.


Financial Health

How is Banque Centrale Populaire'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: BCP's Assets to Equity ratio (10.1x) is moderate.

Allowance for Bad Loans: BCP has a low allowance for bad loans (0%).

Low Risk Liabilities: 82% of BCP's liabilities are made up of primarily low risk sources of funding.

Loan Level: BCP has an appropriate level of Loans to Assets ratio (56%).

Low Risk Deposits: BCP's Loans to Deposits ratio (77%) is appropriate.

Level of Bad Loans: BCP has a high level of bad loans (11.4%).


Dividend

What is Banque Centrale Populaire current dividend yield, its reliability and sustainability?

2.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BCP's dividend (2.88%) is higher than the bottom 25% of dividend payers in the MA market (2.22%).

High Dividend: BCP's dividend (2.88%) is low compared to the top 25% of dividend payers in the MA market (4.84%).


Stability and Growth of Payments

Stable Dividend: BCP's dividends per share have been stable in the past 10 years.

Growing Dividend: BCP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (91.8%), BCP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BCP's dividends in 3 years are forecast to be well covered by earnings (48.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Mohamed Mounir

no data

Tenure

Mr. Mohamed Karim Mounir is a Representative Director of OCP S.A. He serves as Managing Director at La Banque Centrale Populaire SA. He serves as Chairman and Chief Executive Officer at Banque Centrale Pop...


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 Centrale Populaire's employee growth, exchange listings and data sources


Key Information

  • Name: Banque Centrale Populaire
  • Ticker: BCP
  • Exchange: CBSE
  • Founded: 1926
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: د.م61.752b
  • Shares outstanding: 222.13m
  • Website: https://www.groupebcp.com

Number of Employees


Location

  • Banque Centrale Populaire
  • 101, boulevard Mohamed Zerktouni
  • BP 10.622
  • Casablanca
  • 20 100
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:37
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
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.