All companies · BRVM · Electricity utilities
Compagnie ivoirienne d’électricité (CIEC)
Graham-inspired analysis adapted to available modern market data.
Overview
Last price
6,450 XOF
Where does this figure come from?
- price · Oct 2, 2026 · 6,450 XOF — CIEC 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
1,940 XOF – 2,339 XOF
estimated range
Value Score
27/100
Financial Strength
3/20
Shareholders' equity grew 2.2 % per year between 2022 and 2025.
Where does this figure come from?
- equity · 2022 · 37,520 M XOF — CIEC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 38,422 M XOF — CIEC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 40,227 M XOF — CIEC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 40,037 M XOF — CIEC balance sheet, aggregated by Stock Analysis source
Earnings Quality & Stability
6/20
Net income rose in 2 of 4 reported year-on-year transitions, averaging 6.4 %.
Where does this figure come from?
- net income · 2021 · 10,511 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 10,261 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 11,485 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 10,526 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 13,100 M XOF — CIEC financial statements, aggregated by Stock Analysis source
Profitability
3/15
Net margin of 4.3 % in 2025.
Where does this figure come from?
- net income · 2021 · 10,511 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 10,261 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 11,485 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 10,526 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 13,100 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- revenue · 2021 · 231,131 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- revenue · 2022 · 238,461 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- revenue · 2023 · 255,395 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- revenue · 2024 · 264,472 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- revenue · 2025 · 306,786 M XOF — CIEC 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 · 170.18 XOF/share — CIEC dividend history, Stock Analysis source
- dps · 2023 · 175 XOF/share — CIEC dividend history, Stock Analysis source
- dps · 2024 · 190 XOF/share — CIEC dividend history, Stock Analysis source
- dps · 2025 · 180 XOF/share — CIEC dividend history, Stock Analysis source
- dps · 2026 · 234 XOF/share — CIEC dividend history, Stock Analysis source
Valuation
0/30
Market price sits 201.4 % above the estimated value midpoint.
Where does this figure come from?
- eps · 2021 · 187.7 XOF/share — CIEC financial statements, aggregated by Stock Analysis source
- eps · 2022 · 183 XOF/share — CIEC financial statements, aggregated by Stock Analysis source
- eps · 2023 · 205 XOF/share — CIEC financial statements, aggregated by Stock Analysis source
- eps · 2024 · 187.96 XOF/share — CIEC financial statements, aggregated by Stock Analysis source
- eps · 2025 · 233.93 XOF/share — CIEC financial statements, aggregated by Stock Analysis source
- equity · 2022 · 37,520 M XOF — CIEC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 38,422 M XOF — CIEC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 40,227 M XOF — CIEC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 40,037 M XOF — CIEC balance sheet, aggregated by Stock Analysis source
- price · Oct 2, 2026 · 6,450 XOF — CIEC market capitalisation ÷ shares outstanding, Stock Analysis (last market price Oct 2, 2026) source
- shares · latest · 56,000,000 shares — CIEC market quote (delayed), Stock Analysis source
Show the calculation
Source Trail
- Result
- 27/100 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) | 231,131 | 238,461 | 255,395 | 264,472 | 306,786 |
| Net income (M XOF) | 10,511 | 10,261 | 11,485 | 10,526 | 13,100 |
| EPS (XOF) | 187.7 | 183 | 205 | 187.96 | 233.93 |
| Equity (M XOF) | Data unavailable | 37,520 | 38,422 | 40,227 | 40,037 |
| Dividend paid (XOF) | Data unavailable | 170.18 | 175 | 190 | 180 |
Where does this figure come from?
- dps · 2022 · 170.18 XOF/share — CIEC dividend history, Stock Analysis source
- dps · 2023 · 175 XOF/share — CIEC dividend history, Stock Analysis source
- dps · 2024 · 190 XOF/share — CIEC dividend history, Stock Analysis source
- dps · 2025 · 180 XOF/share — CIEC dividend history, Stock Analysis source
- dps · 2026 · 234 XOF/share — CIEC dividend history, Stock Analysis source
- eps · 2021 · 187.7 XOF/share — CIEC financial statements, aggregated by Stock Analysis source
- eps · 2022 · 183 XOF/share — CIEC financial statements, aggregated by Stock Analysis source
- eps · 2023 · 205 XOF/share — CIEC financial statements, aggregated by Stock Analysis source
- eps · 2024 · 187.96 XOF/share — CIEC financial statements, aggregated by Stock Analysis source
- eps · 2025 · 233.93 XOF/share — CIEC financial statements, aggregated by Stock Analysis source
- equity · 2022 · 37,520 M XOF — CIEC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 38,422 M XOF — CIEC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 40,227 M XOF — CIEC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 40,037 M XOF — CIEC balance sheet, aggregated by Stock Analysis source
- net income · 2021 · 10,511 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 10,261 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 11,485 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 10,526 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 13,100 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- revenue · 2021 · 231,131 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- revenue · 2022 · 238,461 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- revenue · 2023 · 255,395 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- revenue · 2024 · 264,472 M XOF — CIEC financial statements, aggregated by Stock Analysis source
- revenue · 2025 · 306,786 M XOF — CIEC 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.
1,940 XOF
Show the calculation
Source Trail
- Result
- 1,940 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 · 233.93 XOF/share — CIEC financial statements, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 40,037 M XOF — CIEC balance sheet, aggregated by Stock Analysis source (aggregated)
- shares · latest · 56,000,000 shares — CIEC 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: 715 XOF (2025 equity ÷ shares outstanding)
Estimated Fundamental Value
A range across documented methods, next to the market price.
1,940 XOF – 2,339 XOF
Show the calculation
Source Trail
- Result
- 1,940 XOF – 2,339 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 · 233.93 XOF/share — CIEC financial statements, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 40,037 M XOF — CIEC balance sheet, aggregated by Stock Analysis source (aggregated)
- shares · latest · 56,000,000 shares — CIEC 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
6,450 XOF
Estimated Fundamental Value (midpoint)
2,140 XOF
Margin of Safety
-201.4%
Show the calculation
Source Trail
- Result
- -201.4% estimated margin of safety
- Formula
- (Estimated value midpoint − market price) ÷ estimated value midpoint
- Currency
- XOF
Figures used
- eps · 2021 · 187.7 XOF/share — CIEC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2022 · 183 XOF/share — CIEC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2023 · 205 XOF/share — CIEC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2024 · 187.96 XOF/share — CIEC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2025 · 233.93 XOF/share — CIEC financial statements, aggregated by Stock Analysis source (aggregated)
- equity · 2022 · 37,520 M XOF — CIEC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2023 · 38,422 M XOF — CIEC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2024 · 40,227 M XOF — CIEC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 40,037 M XOF — CIEC balance sheet, aggregated by Stock Analysis source (aggregated)
- price · Oct 2, 2026 · 6,450 XOF — CIEC market capitalisation ÷ shares outstanding, Stock Analysis (last market price Oct 2, 2026) source (derived)
- shares · latest · 56,000,000 shares — CIEC 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.