Financials Banque Centrale Populaire

Equities

BCP

MA0000011884

Banks

End-of-day quote Casablanca S.E. 06:00:00 2024-07-04 pm EDT 5-day change 1st Jan Change
298 MAD +1.02% Intraday chart for Banque Centrale Populaire +0.68% +8.36%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 61,641 55,465 62,407 46,936 55,870 60,542 - -
Enterprise Value (EV) 1 61,641 55,465 62,407 46,936 55,870 60,542 60,542 60,542
P/E ratio 18.7 x 41.1 x 32.4 x 17.1 x 16.1 x 14 x 14.2 x 14.9 x
Yield 2.7% 3.2% 3.03% 3.9% - 3.69% 3.69% 4.03%
Capitalization / Revenue 3.46 x 2.88 x 3.11 x - 2.45 x 2.47 x 2.39 x 2.4 x
EV / Revenue 3.46 x 2.88 x 3.11 x - 2.45 x 2.47 x 2.39 x 2.4 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.62 x 1.55 x - - 1.6 x - - -
Nbr of stocks (in thousands) 222,128 222,128 222,128 203,186 203,162 203,162 - -
Reference price 2 277.5 249.7 281.0 231.0 275.0 298.0 298.0 298.0
Announcement Date 3/10/20 3/5/21 3/16/22 4/27/23 3/22/24 - - -
1MAD in Million2MAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,816 19,287 20,087 - 22,795 24,525 25,282 25,232
EBITDA - - - - - - - -
EBIT 1 8,561 8,257 10,063 - 11,578 14,439 13,994 -
Operating Margin 48.05% 42.81% 50.1% - 50.79% 58.87% 55.35% -
Earnings before Tax (EBT) 5,959 2,121 4,452 - 6,263 - - -
Net income 1 2,999 1,229 1,765 - 3,475 4,321 4,271 4,070
Net margin 16.83% 6.37% 8.78% - 15.25% 17.62% 16.89% 16.13%
EPS 2 14.83 6.080 8.680 13.52 17.09 21.30 21.05 20.00
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 7.500 8.000 8.500 9.000 - 11.00 11.00 12.00
Announcement Date 3/10/20 3/5/21 3/16/22 4/27/23 3/22/24 - - -
1MAD in Million2MAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 9.51% 3.66% 5.41% 8.38% 10.2% 12% 10.7% 10.2%
ROA (Net income/ Total Assets) 0.72% 0.28% 0.39% - 0.68% - - -
Assets 1 414,033 438,988 454,798 - 510,471 - - -
Book Value Per Share 171.0 161.0 - - 172.0 - - -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/10/20 3/5/21 3/16/22 4/27/23 3/22/24 - - -
1MAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
298 MAD
Average target price
298.7 MAD
Spread / Average Target
+0.22%
Consensus

Annual profits - Rate of surprise

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