Financials Banque Centrale Populaire

Equities

BCP

MA0000011884

Banks

End-of-day quote Casablanca S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
292 MAD -1.02% Intraday chart for Banque Centrale Populaire 0.00% +6.18%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 61,641 55,465 62,407 46,936 55,870 59,323 - -
Enterprise Value (EV) 1 61,641 55,465 62,407 46,936 55,870 59,323 59,323 59,323
P/E ratio 18.7 x 41.1 x 32.4 x 17.1 x 16.1 x 15.4 x 13.3 x -
Yield 2.7% 3.2% 3.03% 3.9% - 3.94% 4% -
Capitalization / Revenue 3.46 x 2.88 x 3.11 x - 2.45 x 2.49 x 2.35 x 2.27 x
EV / Revenue 3.46 x 2.88 x 3.11 x - 2.45 x 2.49 x 2.35 x 2.27 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.62 x 1.55 x - - - 1.45 x 1.37 x -
Nbr of stocks (in thousands) 222,128 222,128 222,128 203,186 203,162 203,162 - -
Reference price 2 277.5 249.7 281.0 231.0 275.0 292.0 292.0 292.0
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 23,859 25,262 26,110
EBITDA - - - - - - - -
EBIT 1 8,561 8,257 10,063 - 11,578 6,807 11,305 -
Operating Margin 48.05% 42.81% 50.1% - 50.79% 28.53% 44.75% -
Earnings before Tax (EBT) 1 5,959 2,121 4,452 - 6,263 8,618 9,689 -
Net income 1 2,999 1,229 1,765 - 3,475 3,838 4,465 4,576
Net margin 16.83% 6.37% 8.78% - 15.25% 16.09% 17.67% 17.53%
EPS 2 14.83 6.080 8.680 13.52 17.09 18.90 21.97 -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 7.500 8.000 8.500 9.000 - 11.50 11.67 -
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% - 10.7% 11.3% 11.6%
ROA (Net income/ Total Assets) 0.72% 0.28% 0.39% - - 0.8% 0.9% -
Assets 1 414,033 438,988 454,798 - - 479,750 496,115 -
Book Value Per Share 2 171.0 161.0 - - - 202.0 213.0 -
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 Million2MAD
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
292 MAD
Average target price
298.3 MAD
Spread / Average Target
+2.17%
Consensus

Annual profits - Rate of surprise

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