All companies · BRVM · Banking
NSIA Banque Côte d’Ivoire (NSBC)
Graham-inspired analysis adapted to available modern market data.
Overview
Last price
22,005 XOF
Where does this figure come from?
- price · Oct 2, 2026 · 22,005 XOF — NSBC 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
16,460 XOF – 18,692 XOF
estimated range
Value Score
67/100
Financial Strength
20/20
Shareholders' equity grew 15.8 % per year between 2021 and 2025.
Where does this figure come from?
- equity · 2021 · 129,809 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- equity · 2022 · 164,905 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 189,719 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 215,330 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 233,303 M XOF — NSBC 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 19.5 %.
Where does this figure come from?
- net income · 2021 · 20,998 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 32,382 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 34,813 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 38,112 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 40,712 M XOF — NSBC financial statements, aggregated by Stock Analysis source
Profitability
15/15
Net margin of 38.8 % in 2025.
Where does this figure come from?
- net income · 2021 · 20,998 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 32,382 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 34,813 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 38,112 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 40,712 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- revenue · 2021 · 73,598 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- revenue · 2022 · 85,139 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- revenue · 2023 · 89,392 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- revenue · 2024 · 98,638 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- revenue · 2025 · 104,793 M XOF — NSBC financial statements, aggregated by Stock Analysis source
Dividend Record
12/15
A dividend was paid in 4 of the last 4 recorded years (2023–2026).
Where does this figure come from?
Valuation
0/30
Market price sits 25.2 % above the estimated value midpoint.
Where does this figure come from?
- eps · 2021 · 848.93 XOF/share — NSBC financial statements, aggregated by Stock Analysis source
- eps · 2022 · 1,309.18 XOF/share — NSBC financial statements, aggregated by Stock Analysis source
- eps · 2023 · 1,407.46 XOF/share — NSBC financial statements, aggregated by Stock Analysis source
- eps · 2024 · 1,540.84 XOF/share — NSBC financial statements, aggregated by Stock Analysis source
- eps · 2025 · 1,645.96 XOF/share — NSBC financial statements, aggregated by Stock Analysis source
- equity · 2021 · 129,809 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- equity · 2022 · 164,905 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 189,719 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 215,330 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 233,303 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- price · Oct 2, 2026 · 22,005 XOF — NSBC market capitalisation ÷ shares outstanding, Stock Analysis (last market price Oct 2, 2026) source
- shares · latest · 24,730,000 shares — NSBC market quote (delayed), Stock Analysis source
Show the calculation
Source Trail
- Result
- 67/100 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) | 73,598 | 85,139 | 89,392 | 98,638 | 104,793 |
| Net income (M XOF) | 20,998 | 32,382 | 34,813 | 38,112 | 40,712 |
| EPS (XOF) | 848.93 | 1,309.18 | 1,407.46 | 1,540.84 | 1,645.96 |
| Equity (M XOF) | 129,809 | 164,905 | 189,719 | 215,330 | 233,303 |
| Dividend paid (XOF) | Data unavailable | Data unavailable | 404 | 505 | 759.26 |
Where does this figure come from?
- dps · 2023 · 404 XOF/share — NSBC dividend history, Stock Analysis source
- dps · 2024 · 505 XOF/share — NSBC dividend history, Stock Analysis source
- dps · 2025 · 759.26 XOF/share — NSBC dividend history, Stock Analysis source
- dps · 2026 · 768.16 XOF/share — NSBC dividend history, Stock Analysis source
- eps · 2021 · 848.93 XOF/share — NSBC financial statements, aggregated by Stock Analysis source
- eps · 2022 · 1,309.18 XOF/share — NSBC financial statements, aggregated by Stock Analysis source
- eps · 2023 · 1,407.46 XOF/share — NSBC financial statements, aggregated by Stock Analysis source
- eps · 2024 · 1,540.84 XOF/share — NSBC financial statements, aggregated by Stock Analysis source
- eps · 2025 · 1,645.96 XOF/share — NSBC financial statements, aggregated by Stock Analysis source
- equity · 2021 · 129,809 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- equity · 2022 · 164,905 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 189,719 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 215,330 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 233,303 M XOF — NSBC balance sheet, aggregated by Stock Analysis source
- net income · 2021 · 20,998 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 32,382 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 34,813 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 38,112 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 40,712 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- revenue · 2021 · 73,598 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- revenue · 2022 · 85,139 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- revenue · 2023 · 89,392 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- revenue · 2024 · 98,638 M XOF — NSBC financial statements, aggregated by Stock Analysis source
- revenue · 2025 · 104,793 M XOF — NSBC 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.
18,692 XOF
Show the calculation
Source Trail
- Result
- 18,692 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 · 1,645.96 XOF/share — NSBC financial statements, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 233,303 M XOF — NSBC balance sheet, aggregated by Stock Analysis source (aggregated)
- shares · latest · 24,730,000 shares — NSBC 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: 9,434 XOF (2025 equity ÷ shares outstanding)
Estimated Fundamental Value
A range across documented methods, next to the market price.
16,460 XOF – 18,692 XOF
Show the calculation
Source Trail
- Result
- 16,460 XOF – 18,692 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 · 1,645.96 XOF/share — NSBC financial statements, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 233,303 M XOF — NSBC balance sheet, aggregated by Stock Analysis source (aggregated)
- shares · latest · 24,730,000 shares — NSBC 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
22,005 XOF
Estimated Fundamental Value (midpoint)
17,576 XOF
Margin of Safety
-25.2%
Show the calculation
Source Trail
- Result
- -25.2% estimated margin of safety
- Formula
- (Estimated value midpoint − market price) ÷ estimated value midpoint
- Currency
- XOF
Figures used
- eps · 2021 · 848.93 XOF/share — NSBC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2022 · 1,309.18 XOF/share — NSBC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2023 · 1,407.46 XOF/share — NSBC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2024 · 1,540.84 XOF/share — NSBC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2025 · 1,645.96 XOF/share — NSBC financial statements, aggregated by Stock Analysis source (aggregated)
- equity · 2021 · 129,809 M XOF — NSBC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2022 · 164,905 M XOF — NSBC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2023 · 189,719 M XOF — NSBC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2024 · 215,330 M XOF — NSBC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 233,303 M XOF — NSBC balance sheet, aggregated by Stock Analysis source (aggregated)
- price · Oct 2, 2026 · 22,005 XOF — NSBC market capitalisation ÷ shares outstanding, Stock Analysis (last market price Oct 2, 2026) source (derived)
- shares · latest · 24,730,000 shares — NSBC 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.