All companies · BRVM · Banking
Bank of Africa Bénin (BOAB)
Graham-inspired analysis adapted to available modern market data.
Overview
Last price
9,370 XOF
Where does this figure come from?
- price · Oct 6, 2026 · 9,370 XOF — BOAB market quote (delayed), Stock Analysis source
As of Oct 6, 2026
Currency
XOF
Market: BRVM
Estimated Fundamental Value
4,960 XOF – 5,686 XOF
estimated range
Value Score
44/100
Financial Strength
6/20
Shareholders' equity grew 4.9 % per year between 2021 and 2025.
Where does this figure come from?
- equity · 2021 · 97,192 M XOF — BOAB FY2021 shareholders’ equity, official financial statements via RichBourse source
- equity · 2022 · 104,674 M XOF — BOAB FY2022 shareholders’ equity (comparative), official financial statements via RichBourse source
- equity · 2023 · 112,818 M XOF — BOAB FY2023 shareholders’ equity (comparative), official financial statements via RichBourse source
- equity · 2024 · 117,396 M XOF — BOAB FY2024 shareholders’ equity (comparative), official financial statements via RichBourse source
- equity · 2025 · 117,507 M XOF — BOAB FY2025 shareholders’ equity, official financial statements via RichBourse source
Earnings Quality & Stability
8/20
Net income rose in 3 of 4 reported year-on-year transitions, averaging 5.2 %.
Where does this figure come from?
- net income · 2021 · 16,664 M XOF — BOAB FY2021 net income, official financial statements via RichBourse source
- net income · 2022 · 19,143 M XOF — BOAB FY2022 net income (comparative), official financial statements via RichBourse source
- net income · 2023 · 21,529 M XOF — BOAB FY2023 net income (comparative), official financial statements via RichBourse source
- net income · 2024 · 19,647 M XOF — BOAB FY2024 net income (comparative), official financial statements via RichBourse source
- net income · 2025 · 20,107 M XOF — BOAB FY2025 net income, official financial statements via RichBourse source
Profitability
15/15
Net margin of 39.2 % in 2025.
Where does this figure come from?
- net income · 2021 · 16,664 M XOF — BOAB FY2021 net income, official financial statements via RichBourse source
- net income · 2022 · 19,143 M XOF — BOAB FY2022 net income (comparative), official financial statements via RichBourse source
- net income · 2023 · 21,529 M XOF — BOAB FY2023 net income (comparative), official financial statements via RichBourse source
- net income · 2024 · 19,647 M XOF — BOAB FY2024 net income (comparative), official financial statements via RichBourse source
- net income · 2025 · 20,107 M XOF — BOAB FY2025 net income, official financial statements via RichBourse source
- revenue · 2021 · 45,259 M XOF — BOAB FY2021 PNB (produit net bancaire), official financial statements via RichBourse source
- revenue · 2022 · 46,413 M XOF — BOAB FY2022 PNB (produit net bancaire, comparative), official financial statements via RichBourse source
- revenue · 2023 · 47,832 M XOF — BOAB FY2023 PNB (produit net bancaire, comparative), official financial statements via RichBourse source
- revenue · 2024 · 46,527 M XOF — BOAB FY2024 PNB (produit net bancaire, comparative), official financial statements via RichBourse source
- revenue · 2025 · 51,274 M XOF — BOAB FY2025 PNB (produit net bancaire), official financial statements via RichBourse source
Dividend Record
15/15
A dividend was paid in 5 of the last 5 recorded years (2021–2025).
Where does this figure come from?
- dps · 2021 · 575 XOF/share — BOAB FY2021 dividend (gross), Bloom Afrik (published company data) source
- dps · 2022 · 660 XOF/share — BOAB FY2022 dividend (gross), Bloom Afrik (published company data) source
- dps · 2023 · 743 XOF/share — BOAB FY2023 dividend (gross), Bloom Afrik (published company data) source
- dps · 2024 · 493 XOF/share — BOAB FY2024 dividend (gross), Bloom Afrik (published company data) source
- dps · 2025 · 616 XOF/share — BOAB FY2025 dividend (gross), Bloom Afrik (published company data) source
Valuation
0/30
Market price sits 76.0 % above the estimated value midpoint.
Where does this figure come from?
- eps · 2025 · 496 XOF/share — BOAB FY2025 EPS (BPA 496 F, 40 561 048 shares), Bloom Afrik (published company data) source
- equity · 2021 · 97,192 M XOF — BOAB FY2021 shareholders’ equity, official financial statements via RichBourse source
- equity · 2022 · 104,674 M XOF — BOAB FY2022 shareholders’ equity (comparative), official financial statements via RichBourse source
- equity · 2023 · 112,818 M XOF — BOAB FY2023 shareholders’ equity (comparative), official financial statements via RichBourse source
- equity · 2024 · 117,396 M XOF — BOAB FY2024 shareholders’ equity (comparative), official financial statements via RichBourse source
- equity · 2025 · 117,507 M XOF — BOAB FY2025 shareholders’ equity, official financial statements via RichBourse source
- price · Oct 6, 2026 · 9,370 XOF — BOAB market quote (delayed), Stock Analysis source
- shares · latest · 40,561,048 shares — BOAB market quote (delayed), Stock Analysis source
Show the calculation
Source Trail
- Result
- 44/100 Value Score
- Formula
- Sum of five sub-scores: Financial Strength 20, Earnings Quality & Stability 20, Profitability 15, Dividend Record 15, Valuation 30.
- Currency
- XOF
Assumptions
- Weights are fixed and documented; no criterion is weighted dynamically.
Figures used
Limitations
- A criterion with unavailable data contributes no points, so the score reads conservative.
Last updated 2026-10-07 · Every figure here can be checked.
Financials
Every figure links to its source. Missing figures are shown as unavailable, never estimated.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue (M XOF) | 45,259 | 46,413 | 47,832 | 46,527 | 51,274 |
| Net income (M XOF) | 16,664 | 19,143 | 21,529 | 19,647 | 20,107 |
| EPS (XOF) | Data unavailable | Data unavailable | Data unavailable | Data unavailable | 496 |
| Equity (M XOF) | 97,192 | 104,674 | 112,818 | 117,396 | 117,507 |
| Dividend paid (XOF) | 575 | 660 | 743 | 493 | 616 |
Where does this figure come from?
- dps · 2021 · 575 XOF/share — BOAB FY2021 dividend (gross), Bloom Afrik (published company data) source
- dps · 2022 · 660 XOF/share — BOAB FY2022 dividend (gross), Bloom Afrik (published company data) source
- dps · 2023 · 743 XOF/share — BOAB FY2023 dividend (gross), Bloom Afrik (published company data) source
- dps · 2024 · 493 XOF/share — BOAB FY2024 dividend (gross), Bloom Afrik (published company data) source
- dps · 2025 · 616 XOF/share — BOAB FY2025 dividend (gross), Bloom Afrik (published company data) source
- eps · 2025 · 496 XOF/share — BOAB FY2025 EPS (BPA 496 F, 40 561 048 shares), Bloom Afrik (published company data) source
- equity · 2021 · 97,192 M XOF — BOAB FY2021 shareholders’ equity, official financial statements via RichBourse source
- equity · 2022 · 104,674 M XOF — BOAB FY2022 shareholders’ equity (comparative), official financial statements via RichBourse source
- equity · 2023 · 112,818 M XOF — BOAB FY2023 shareholders’ equity (comparative), official financial statements via RichBourse source
- equity · 2024 · 117,396 M XOF — BOAB FY2024 shareholders’ equity (comparative), official financial statements via RichBourse source
- equity · 2025 · 117,507 M XOF — BOAB FY2025 shareholders’ equity, official financial statements via RichBourse source
- net income · 2021 · 16,664 M XOF — BOAB FY2021 net income, official financial statements via RichBourse source
- net income · 2022 · 19,143 M XOF — BOAB FY2022 net income (comparative), official financial statements via RichBourse source
- net income · 2023 · 21,529 M XOF — BOAB FY2023 net income (comparative), official financial statements via RichBourse source
- net income · 2024 · 19,647 M XOF — BOAB FY2024 net income (comparative), official financial statements via RichBourse source
- net income · 2025 · 20,107 M XOF — BOAB FY2025 net income, official financial statements via RichBourse source
- revenue · 2021 · 45,259 M XOF — BOAB FY2021 PNB (produit net bancaire), official financial statements via RichBourse source
- revenue · 2022 · 46,413 M XOF — BOAB FY2022 PNB (produit net bancaire, comparative), official financial statements via RichBourse source
- revenue · 2023 · 47,832 M XOF — BOAB FY2023 PNB (produit net bancaire, comparative), official financial statements via RichBourse source
- revenue · 2024 · 46,527 M XOF — BOAB FY2024 PNB (produit net bancaire, comparative), official financial statements via RichBourse source
- revenue · 2025 · 51,274 M XOF — BOAB FY2025 PNB (produit net bancaire), official financial statements via RichBourse source
Full analysis
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Graham Analysis
Graham Number: the classic defensive price ceiling from earnings and book value.
5,686 XOF
Show the calculation
Source Trail
- Result
- 5,686 XOF
- Formula
- √(22.5 × EPS × Book value per share)
- Currency
- XOF
Assumptions
- 22.5 = Graham’s 15 × 1.5 ceiling (P/E 15, price-to-book 1.5).
Figures used
- eps · 2025 · 496 XOF/share — BOAB FY2025 EPS (BPA 496 F, 40 561 048 shares), Bloom Afrik (published company data) source (reported)
- equity · 2025 · 117,507 M XOF — BOAB FY2025 shareholders’ equity, official financial statements via RichBourse source (reported)
- shares · latest · 40,561,048 shares — BOAB market quote (delayed), Stock Analysis source (aggregated)
Limitations
- The Graham Number is a defensive screen, not a fair value estimate.
Last updated 2026-10-07 · Every figure here can be checked.
Book value per share: 2,897 XOF (2025 equity ÷ shares outstanding)
Estimated Fundamental Value
A range across documented methods, next to the market price.
4,960 XOF – 5,686 XOF
Show the calculation
Source Trail
- Result
- 4,960 XOF – 5,686 XOF (estimated)
- Formula
- Method 1: √(22.5 × EPS × BVPS). Method 2: EPS ÷ 10% required return. Range spans the computed methods; midpoint averages them.
- Currency
- XOF
Assumptions
- Required return of 10 % per year for the capitalized-earnings method.
Figures used
- eps · 2025 · 496 XOF/share — BOAB FY2025 EPS (BPA 496 F, 40 561 048 shares), Bloom Afrik (published company data) source (reported)
- equity · 2025 · 117,507 M XOF — BOAB FY2025 shareholders’ equity, official financial statements via RichBourse source (reported)
- shares · latest · 40,561,048 shares — BOAB market quote (delayed), Stock Analysis source (aggregated)
Limitations
- The range is only as good as the latest reported EPS and book value; it is not a forecast of price.
Last updated 2026-10-07 · Every figure here can be checked.
Margin of Safety
Market price
9,370 XOF
Estimated Fundamental Value (midpoint)
5,323 XOF
Margin of Safety
-76.0%
Show the calculation
Source Trail
- Result
- -76.0% estimated margin of safety
- Formula
- (Estimated value midpoint − market price) ÷ estimated value midpoint
- Currency
- XOF
Figures used
- eps · 2025 · 496 XOF/share — BOAB FY2025 EPS (BPA 496 F, 40 561 048 shares), Bloom Afrik (published company data) source (reported)
- equity · 2021 · 97,192 M XOF — BOAB FY2021 shareholders’ equity, official financial statements via RichBourse source (reported)
- equity · 2022 · 104,674 M XOF — BOAB FY2022 shareholders’ equity (comparative), official financial statements via RichBourse source (reported)
- equity · 2023 · 112,818 M XOF — BOAB FY2023 shareholders’ equity (comparative), official financial statements via RichBourse source (reported)
- equity · 2024 · 117,396 M XOF — BOAB FY2024 shareholders’ equity (comparative), official financial statements via RichBourse source (reported)
- equity · 2025 · 117,507 M XOF — BOAB FY2025 shareholders’ equity, official financial statements via RichBourse source (reported)
- price · Oct 6, 2026 · 9,370 XOF — BOAB market quote (delayed), Stock Analysis source (quoted)
- shares · latest · 40,561,048 shares — BOAB market quote (delayed), Stock Analysis source (aggregated)
Limitations
- A negative margin of safety means the market price is above the estimated value midpoint.
Last updated 2026-10-07 · Every figure here can be checked.
Actions
Simulation only — no real money is involved.