All companies · BRVM · Banking
Bank of Africa Côte d’Ivoire (BOAC)
Graham-inspired analysis adapted to available modern market data.
Overview
Last price
11,450 XOF
Where does this figure come from?
- price · Oct 2, 2026 · 11,450 XOF — BOAC market capitalisation ÷ shares outstanding, Stock Analysis (last market price Oct 2, 2026) source
As of Oct 2, 2026
Currency
XOF
Market: BRVM
Estimated Fundamental Value
6,570 XOF – 8,010 XOF
estimated range
Value Score
70/100
Financial Strength
20/20
Shareholders' equity grew 16.7 % per year between 2022 and 2025.
Where does this figure come from?
- equity · 2022 · 60,329 M XOF — BOAC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 69,968 M XOF — BOAC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 81,727 M XOF — BOAC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 95,801 M XOF — BOAC balance sheet, aggregated by Stock Analysis source
Earnings Quality & Stability
20/20
Net income rose in 4 of 4 reported year-on-year transitions, averaging 22.6 %.
Where does this figure come from?
- net income · 2021 · 14,216 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 16,638 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 20,069 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 26,075 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 32,044 M XOF — BOAC financial statements, aggregated by Stock Analysis source
Profitability
15/15
Net margin of 48.4 % in 2025.
Where does this figure come from?
- net income · 2021 · 14,216 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 16,638 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 20,069 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 26,075 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 32,044 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- revenue · 2021 · 35,086 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- revenue · 2022 · 39,187 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- revenue · 2023 · 45,002 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- revenue · 2024 · 55,865 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- revenue · 2025 · 66,195 M XOF — BOAC financial statements, aggregated by Stock Analysis source
Dividend Record
15/15
A dividend was paid in 5 of the last 5 recorded years (2022–2026).
Where does this figure come from?
- dps · 2022 · 187 XOF/share — BOAC dividend history, Stock Analysis source
- dps · 2023 · 270 XOF/share — BOAC dividend history, Stock Analysis source
- dps · 2024 · 378.34 XOF/share — BOAC dividend history, Stock Analysis source
- dps · 2025 · 469 XOF/share — BOAC dividend history, Stock Analysis source
- dps · 2026 · 594.53 XOF/share — BOAC dividend history, Stock Analysis source
Valuation
0/30
Market price sits 57.1 % above the estimated value midpoint.
Where does this figure come from?
- eps · 2021 · 355.4 XOF/share — BOAC financial statements, aggregated by Stock Analysis source
- eps · 2022 · 416 XOF/share — BOAC financial statements, aggregated by Stock Analysis source
- eps · 2023 · 501.5 XOF/share — BOAC financial statements, aggregated by Stock Analysis source
- eps · 2024 · 652 XOF/share — BOAC financial statements, aggregated by Stock Analysis source
- eps · 2025 · 801 XOF/share — BOAC financial statements, aggregated by Stock Analysis source
- equity · 2022 · 60,329 M XOF — BOAC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 69,968 M XOF — BOAC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 81,727 M XOF — BOAC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 95,801 M XOF — BOAC balance sheet, aggregated by Stock Analysis source
- price · Oct 2, 2026 · 11,450 XOF — BOAC market capitalisation ÷ shares outstanding, Stock Analysis (last market price Oct 2, 2026) source
- shares · latest · 40,000,000 shares — BOAC market quote (delayed), Stock Analysis source
Show the calculation
Source Trail
- Result
- 70/100 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 2026-10-05 · 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) | 35,086 | 39,187 | 45,002 | 55,865 | 66,195 |
| Net income (M XOF) | 14,216 | 16,638 | 20,069 | 26,075 | 32,044 |
| EPS (XOF) | 355.4 | 416 | 501.5 | 652 | 801 |
| Equity (M XOF) | Data unavailable | 60,329 | 69,968 | 81,727 | 95,801 |
| Dividend paid (XOF) | Data unavailable | 187 | 270 | 378.34 | 469 |
Where does this figure come from?
- dps · 2022 · 187 XOF/share — BOAC dividend history, Stock Analysis source
- dps · 2023 · 270 XOF/share — BOAC dividend history, Stock Analysis source
- dps · 2024 · 378.34 XOF/share — BOAC dividend history, Stock Analysis source
- dps · 2025 · 469 XOF/share — BOAC dividend history, Stock Analysis source
- dps · 2026 · 594.53 XOF/share — BOAC dividend history, Stock Analysis source
- eps · 2021 · 355.4 XOF/share — BOAC financial statements, aggregated by Stock Analysis source
- eps · 2022 · 416 XOF/share — BOAC financial statements, aggregated by Stock Analysis source
- eps · 2023 · 501.5 XOF/share — BOAC financial statements, aggregated by Stock Analysis source
- eps · 2024 · 652 XOF/share — BOAC financial statements, aggregated by Stock Analysis source
- eps · 2025 · 801 XOF/share — BOAC financial statements, aggregated by Stock Analysis source
- equity · 2022 · 60,329 M XOF — BOAC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 69,968 M XOF — BOAC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 81,727 M XOF — BOAC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 95,801 M XOF — BOAC balance sheet, aggregated by Stock Analysis source
- net income · 2021 · 14,216 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 16,638 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 20,069 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 26,075 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 32,044 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- revenue · 2021 · 35,086 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- revenue · 2022 · 39,187 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- revenue · 2023 · 45,002 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- revenue · 2024 · 55,865 M XOF — BOAC financial statements, aggregated by Stock Analysis source
- revenue · 2025 · 66,195 M XOF — BOAC financial statements, aggregated by Stock Analysis source
Full analysis
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Graham Analysis
Graham Number: the classic defensive price ceiling from earnings and book value.
6,570 XOF
Show the calculation
Source Trail
- Result
- 6,570 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 · 801 XOF/share — BOAC financial statements, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 95,801 M XOF — BOAC balance sheet, aggregated by Stock Analysis source (aggregated)
- shares · latest · 40,000,000 shares — BOAC market quote (delayed), Stock Analysis source (aggregated)
Limitations
- The Graham Number is a defensive screen, not a fair value estimate.
Last updated 2026-10-05 · Every figure here can be checked.
Book value per share: 2,395 XOF (2025 equity ÷ shares outstanding)
Estimated Fundamental Value
A range across documented methods, next to the market price.
6,570 XOF – 8,010 XOF
Show the calculation
Source Trail
- Result
- 6,570 XOF – 8,010 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 · 801 XOF/share — BOAC financial statements, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 95,801 M XOF — BOAC balance sheet, aggregated by Stock Analysis source (aggregated)
- shares · latest · 40,000,000 shares — BOAC 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 2026-10-05 · Every figure here can be checked.
Margin of Safety
Market price
11,450 XOF
Estimated Fundamental Value (midpoint)
7,290 XOF
Margin of Safety
-57.1%
Show the calculation
Source Trail
- Result
- -57.1% estimated margin of safety
- Formula
- (Estimated value midpoint − market price) ÷ estimated value midpoint
- Currency
- XOF
Figures used
- eps · 2021 · 355.4 XOF/share — BOAC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2022 · 416 XOF/share — BOAC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2023 · 501.5 XOF/share — BOAC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2024 · 652 XOF/share — BOAC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2025 · 801 XOF/share — BOAC financial statements, aggregated by Stock Analysis source (aggregated)
- equity · 2022 · 60,329 M XOF — BOAC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2023 · 69,968 M XOF — BOAC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2024 · 81,727 M XOF — BOAC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 95,801 M XOF — BOAC balance sheet, aggregated by Stock Analysis source (aggregated)
- price · Oct 2, 2026 · 11,450 XOF — BOAC market capitalisation ÷ shares outstanding, Stock Analysis (last market price Oct 2, 2026) source (derived)
- shares · latest · 40,000,000 shares — BOAC 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 2026-10-05 · Every figure here can be checked.
Actions
Simulation only — no real money is involved.