Bank of Africa provides banking products and services to individuals, professionals, and business and corporate customers in Morocco and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.م175.00|
|52 Week High||د.م130.50|
|52 Week Low||د.م178.90|
|1 Month Change||0.55%|
|3 Month Change||5.74%|
|1 Year Change||33.59%|
|3 Year Change||-5.15%|
|5 Year Change||-15.87%|
|Change since IPO||650.01%|
Recent News & Updates
|BOA||MA Banks||MA Market|
Return vs Industry: BOA exceeded the MA Banks industry which returned 27.5% over the past year.
Return vs Market: BOA exceeded the MA Market which returned 26.6% over the past year.
Stable Share Price: BOA is less volatile than 75% of MA stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: BOA's weekly volatility (2%) has been stable over the past year.
About the Company
Bank of Africa provides banking products and services to individuals, professionals, and business and corporate customers in Morocco and internationally. The company offers current, checking, savings, foreign currency, and convertible dirham accounts; term deposits; overdrafts; financing products; credit cards; insurance services; and investment funding services. It also provides cash management, payment, international transaction, remote banking, and electronic banking services, as well as banking services for SMEs and employees.
Bank of Africa Fundamentals Summary
|BOA fundamental statistics|
Is BOA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BOA income statement (TTM)|
|Cost of Revenue||د.م0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||7.58|
|Net Profit Margin||14.18%|
How did BOA perform over the long term?See historical performance and comparison
Is Bank of Africa undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BOA (MAD175) is trading above our estimate of fair value (MAD4.21)
Significantly Below Fair Value: BOA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BOA is good value based on its PE Ratio (23.1x) compared to the MA Banks industry average (24.3x).
PE vs Market: BOA is good value based on its PE Ratio (23.1x) compared to the MA market (26.8x).
Price to Earnings Growth Ratio
PEG Ratio: BOA is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: BOA is good value based on its PB Ratio (1.6x) compared to the MA Banks industry average (1.7x).
How is Bank of Africa forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BOA's forecast earnings growth (21.2% per year) is above the savings rate (9.1%).
Earnings vs Market: BOA's earnings (21.2% 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: BOA's revenue (13.4% per year) is forecast to grow faster than the MA market (6.7% per year).
High Growth Revenue: BOA's revenue (13.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BOA's Return on Equity is forecast to be low in 3 years time (11.2%).
How has Bank of Africa performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BOA has a high level of non-cash earnings.
Growing Profit Margin: BOA's current net profit margins (14.2%) are higher than last year (10.1%).
Past Earnings Growth Analysis
Earnings Trend: BOA's earnings have declined by 12% per year over the past 5 years.
Accelerating Growth: BOA's earnings growth over the past year (38.7%) exceeds its 5-year average (-12% per year).
Earnings vs Industry: BOA earnings growth over the past year (38.7%) exceeded the Banks industry 8.4%.
Return on Equity
High ROE: BOA's Return on Equity (7.8%) is considered low.
How is Bank of Africa's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: BOA's Assets to Equity ratio (12.2x) is moderate.
Allowance for Bad Loans: BOA has a low allowance for bad loans (88%).
Low Risk Liabilities: 69% of BOA's liabilities are made up of primarily low risk sources of funding.
Loan Level: BOA has an appropriate level of Loans to Assets ratio (57%).
Low Risk Deposits: BOA's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: BOA has a high level of bad loans (9.1%).
What is Bank of Africa current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BOA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BOA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BOA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BOA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BOA is not paying a notable dividend for the MA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BOA's dividend in 3 years as they are not forecast to pay a notable one for the MA market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Othman Benjelloun (89 yo)
Mr. Othman Benjelloun is Chairman of Bank of Africa and serves as its Chief Executive Officer and Director since 1995. He serves as the Founder of FinanceCom International S.A. and serves as its Chairman a...
Experienced Board: BOA's board of directors are seasoned and experienced ( 11.1 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.
Bank of Africa's employee growth, exchange listings and data sources
- Name: Bank of Africa
- Ticker: BOA
- Exchange: CBSE
- Founded: 1959
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: د.م35.981b
- Shares outstanding: 205.61m
- Website: https://www.bankofafrica.ma
Number of Employees
- Bank of Africa
- 140 Avenue Hassan II
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|
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.