Banque Centrale Populaire

CBSE:BCP Stock Report

Market Cap: د.م58.9b

Banque Centrale Populaire Valuation

Is BCP 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 BCP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BCP. This is calculated by dividing BCP's market cap by their current earnings.
What is BCP's PE Ratio?
PE Ratio15.9x
Earningsد.م3.71b
Market Capد.م58.91b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BCP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.4x
BOA Bank of Africa
12.9x6.3%د.م42.7b
ATW Attijariwafa bank
13x7.2%د.م115.9b
CIH Crédit Immobilier et Hôtelier Société Anonyme
15.5x8.4%د.م12.6b
CDM Crédit du Maroc
16.3x9.1%د.م10.3b
BCP Banque Centrale Populaire
15.9xn/aد.م58.9b

Price-To-Earnings vs Peers: BCP is expensive based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (14.4x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BCP 15.9xIndustry Avg. 5.2xNo. of Companies24PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BCP is expensive based on its Price-To-Earnings Ratio (15.9x) compared to the African Banks industry average (5.2x).

Price to Earnings Ratio vs Fair Ratio

What is BCP'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.

BCP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BCP's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

The above table shows the analyst BCP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.م289.95
د.م289.00
-0.3%
5.2%د.م304.00د.م274.00n/a2
Dec ’25د.م300.00
د.م289.00
-3.7%
5.2%د.م304.00د.م274.00n/a2
Nov ’25د.م292.00
د.م289.00
-1.0%
5.2%د.م304.00د.م274.00n/a2
Oct ’25د.م288.00
د.م293.00
+1.7%
3.8%د.م304.00د.م282.00n/a2
Sep ’25د.م314.50
د.م293.00
-6.8%
3.8%د.م304.00د.م282.00n/a2
Aug ’25د.م309.90
د.م298.67
-3.6%
4.0%د.م310.00د.م282.00n/a3
Jul ’25د.م294.00
د.م298.67
+1.6%
4.0%د.م310.00د.م282.00n/a3
Jun ’25د.م294.00
د.م298.67
+1.6%
4.0%د.م310.00د.م282.00n/a3
May ’25د.م292.00
د.م298.33
+2.2%
4.2%د.م310.00د.م281.00n/a3
Apr ’25د.م292.00
د.م298.33
+2.2%
4.2%د.م310.00د.م281.00n/a3
Mar ’25د.م302.00
د.م299.00
-1.0%
3.9%د.م310.00د.م283.00n/a3
Feb ’25د.م286.00
د.م299.00
+4.5%
3.9%د.م310.00د.م283.00n/a3
Jan ’25د.م275.00
د.م299.00
+8.7%
3.9%د.م310.00د.م283.00n/a3
Dec ’24د.م266.00
د.م280.67
+5.5%
7.2%د.م304.00د.م255.00د.م300.003
Nov ’24د.م261.00
د.م283.67
+8.7%
11.4%د.م329.00د.م255.00د.م292.003
Oct ’24د.م254.95
د.م275.33
+8.0%
13.9%د.م329.00د.م242.00د.م288.003
Sep ’24د.م260.00
د.م275.33
+5.9%
13.9%د.م329.00د.م242.00د.م314.503
Aug ’24د.م264.00
د.م275.00
+4.2%
14.0%د.م329.00د.م241.00د.م309.903
Jul ’24د.م264.00
د.م275.00
+4.2%
14.0%د.م329.00د.م241.00د.م294.003
Jun ’24د.م234.05
د.م274.33
+17.2%
14.3%د.م329.00د.م239.00د.م294.003
Dec ’23د.م229.85
د.م285.50
+24.2%
15.2%د.م329.00د.م242.00د.م266.002

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:17
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Banque Centrale Populaire is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ranya GnabaAlphaMena
Jaap MeijerArqaam Capital Research Offshore S.A.L.
Dounia FilaliBmce Capital Bourse