All companies · BRVM · Banking
Ecobank Côte d’Ivoire (ECOC)
Graham-inspired analysis adapted to available modern market data.
Overview
Last price
17,100 XOF
Where does this figure come from?
- price · Oct 2, 2026 · 17,100 XOF — ECOC market quote (delayed), Stock Analysis source
As of Oct 2, 2026
Currency
XOF
Market: BRVM
Estimated Fundamental Value
10,149 XOF – 11,530 XOF
estimated range
Value Score
64/100
Financial Strength
14/20
Shareholders' equity grew 10.8 % per year between 2021 and 2025.
Where does this figure come from?
- equity · 2021 · 144,829 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- equity · 2022 · 163,719 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 178,208 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 199,352 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 218,573 M XOF — ECOC 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 17.0 %.
Where does this figure come from?
- net income · 2021 · 34,304 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 44,598 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 48,071 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 57,477 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 63,482 M XOF — ECOC financial statements, aggregated by Stock Analysis source
Profitability
15/15
Net margin of 47.8 % in 2025.
Where does this figure come from?
- net income · 2021 · 34,304 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 44,598 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 48,071 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 57,477 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 63,482 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- revenue · 2021 · 90,545 M XOF — ECOC FY2021 PNB (produit net bancaire), BRVM official company filing source
- revenue · 2022 · 99,155 M XOF — ECOC FY2022 PNB (produit net bancaire), BRVM official company filing source
- revenue · 2023 · 110,189 M XOF — ECOC FY2023 PNB (produit net bancaire, corrected report), BRVM official company filing source
- revenue · 2024 · 122,316 M XOF — ECOC FY2024 PNB (produit net bancaire, corrected report), BRVM official company filing source
- revenue · 2025 · 132,725 M XOF — ECOC FY2025 PNB (produit net bancaire), BRVM official company filing 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 · 467 XOF/share — ECOC FY2021 dividend (gross), Bloom Afrik (published company data) source
- dps · 2022 · 610 XOF/share — ECOC FY2022 dividend (gross), Bloom Afrik (published company data) source
- dps · 2023 · 660 XOF/share — ECOC FY2023 dividend (gross), Bloom Afrik (published company data) source
- dps · 2024 · 804 XOF/share — ECOC FY2024 dividend (gross), Bloom Afrik (published company data) source
- dps · 2025 · 888 XOF/share — ECOC FY2025 dividend (gross), Bloom Afrik (published company data) source
Valuation
0/30
Market price sits 57.7 % above the estimated value midpoint.
Where does this figure come from?
- eps · 2025 · 1,153 XOF/share — ECOC FY2025 EPS (BPA 1 153 F), Bloom Afrik (published company data) source
- equity · 2021 · 144,829 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- equity · 2022 · 163,719 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 178,208 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 199,352 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 218,573 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- price · Oct 2, 2026 · 17,100 XOF — ECOC market quote (delayed), Stock Analysis source
- shares · latest · 55,050,600 shares — ECOC market quote (delayed), Stock Analysis source
Show the calculation
Source Trail
- Result
- 64/100 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) | 90,545 | 99,155 | 110,189 | 122,316 | 132,725 |
| Net income (M XOF) | 34,304 | 44,598 | 48,071 | 57,477 | 63,482 |
| EPS (XOF) | Data unavailable | Data unavailable | Data unavailable | Data unavailable | 1,153 |
| Equity (M XOF) | 144,829 | 163,719 | 178,208 | 199,352 | 218,573 |
| Dividend paid (XOF) | 467 | 610 | 660 | 804 | 888 |
Where does this figure come from?
- dps · 2021 · 467 XOF/share — ECOC FY2021 dividend (gross), Bloom Afrik (published company data) source
- dps · 2022 · 610 XOF/share — ECOC FY2022 dividend (gross), Bloom Afrik (published company data) source
- dps · 2023 · 660 XOF/share — ECOC FY2023 dividend (gross), Bloom Afrik (published company data) source
- dps · 2024 · 804 XOF/share — ECOC FY2024 dividend (gross), Bloom Afrik (published company data) source
- dps · 2025 · 888 XOF/share — ECOC FY2025 dividend (gross), Bloom Afrik (published company data) source
- eps · 2025 · 1,153 XOF/share — ECOC FY2025 EPS (BPA 1 153 F), Bloom Afrik (published company data) source
- equity · 2021 · 144,829 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- equity · 2022 · 163,719 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 178,208 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 199,352 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 218,573 M XOF — ECOC balance sheet, aggregated by Stock Analysis source
- net income · 2021 · 34,304 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 44,598 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 48,071 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 57,477 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 63,482 M XOF — ECOC financial statements, aggregated by Stock Analysis source
- revenue · 2021 · 90,545 M XOF — ECOC FY2021 PNB (produit net bancaire), BRVM official company filing source
- revenue · 2022 · 99,155 M XOF — ECOC FY2022 PNB (produit net bancaire), BRVM official company filing source
- revenue · 2023 · 110,189 M XOF — ECOC FY2023 PNB (produit net bancaire, corrected report), BRVM official company filing source
- revenue · 2024 · 122,316 M XOF — ECOC FY2024 PNB (produit net bancaire, corrected report), BRVM official company filing source
- revenue · 2025 · 132,725 M XOF — ECOC FY2025 PNB (produit net bancaire), BRVM official company filing source
Full analysis
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Graham Analysis
Graham Number: the classic defensive price ceiling from earnings and book value.
10,149 XOF
Show the calculation
Source Trail
- Result
- 10,149 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 · 1,153 XOF/share — ECOC FY2025 EPS (BPA 1 153 F), Bloom Afrik (published company data) source (reported)
- equity · 2025 · 218,573 M XOF — ECOC balance sheet, aggregated by Stock Analysis source (aggregated)
- shares · latest · 55,050,600 shares — ECOC 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: 3,970 XOF (2025 equity ÷ shares outstanding)
Estimated Fundamental Value
A range across documented methods, next to the market price.
10,149 XOF – 11,530 XOF
Show the calculation
Source Trail
- Result
- 10,149 XOF – 11,530 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 · 1,153 XOF/share — ECOC FY2025 EPS (BPA 1 153 F), Bloom Afrik (published company data) source (reported)
- equity · 2025 · 218,573 M XOF — ECOC balance sheet, aggregated by Stock Analysis source (aggregated)
- shares · latest · 55,050,600 shares — ECOC 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
17,100 XOF
Estimated Fundamental Value (midpoint)
10,840 XOF
Margin of Safety
-57.7%
Show the calculation
Source Trail
- Result
- -57.7% estimated margin of safety
- Formula
- (Estimated value midpoint − market price) ÷ estimated value midpoint
- Currency
- XOF
Figures used
- eps · 2025 · 1,153 XOF/share — ECOC FY2025 EPS (BPA 1 153 F), Bloom Afrik (published company data) source (reported)
- equity · 2021 · 144,829 M XOF — ECOC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2022 · 163,719 M XOF — ECOC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2023 · 178,208 M XOF — ECOC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2024 · 199,352 M XOF — ECOC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 218,573 M XOF — ECOC balance sheet, aggregated by Stock Analysis source (aggregated)
- price · Oct 2, 2026 · 17,100 XOF — ECOC market quote (delayed), Stock Analysis source (quoted)
- shares · latest · 55,050,600 shares — ECOC 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
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