All companies · BRVM · Banking
Société Ivoirienne de Banque (SIBC)
Graham-inspired analysis adapted to available modern market data.
Overview
Last price
9,185 XOF
Where does this figure come from?
- price · Oct 2, 2026 · 9,185 XOF — SIBC market quote (delayed), Stock Analysis source
As of Oct 2, 2026
Currency
XOF
Market: BRVM
Estimated Fundamental Value
5,062 XOF – 5,562 XOF
estimated range
Value Score
66/100
Financial Strength
16/20
Shareholders' equity grew 11.9 % per year between 2021 and 2025.
Where does this figure come from?
- equity · 2021 · 130,799 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- equity · 2022 · 148,389 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 164,402 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 187,136 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 204,765 M XOF — SIBC 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 13.1 %.
Where does this figure come from?
- net income · 2021 · 34,031 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 40,090 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 43,513 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 50,234 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 55,623 M XOF — SIBC financial statements, aggregated by Stock Analysis source
Profitability
15/15
Net margin of 51.2 % in 2025.
Where does this figure come from?
- net income · 2021 · 34,031 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 40,090 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 43,513 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 50,234 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 55,623 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- revenue · 2021 · 76,532 M XOF — SIB research note FY2024, Bridge Securities (PNB 2021–2024) source
- revenue · 2022 · 83,542 M XOF — SIB research note FY2024, Bridge Securities (PNB 2021–2024) source
- revenue · 2023 · 95,571 M XOF — SIB research note FY2024, Bridge Securities (PNB 2021–2024) source
- revenue · 2024 · 102,763 M XOF — SIBC FY2024 PNB (produit net bancaire), BRVM official company filing source
- revenue · 2025 · 108,663 M XOF — SIBC 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 · 450 XOF/share — SIBC FY2021 dividend (gross), Bloom Afrik (published company data) source
- dps · 2022 · 549.37 XOF/share — SIBC FY2022 dividend (gross), Bloom Afrik (published company data) source
- dps · 2023 · 548.26 XOF/share — SIBC FY2023 dividend (gross), Bloom Afrik (published company data) source
- dps · 2024 · 375 XOF/share — SIBC FY2024 dividend (gross), Bloom Afrik (published company data) source
- dps · 2025 · 425 XOF/share — SIBC FY2025 dividend (gross), Bloom Afrik (published company data) source
Valuation
0/30
Market price sits 72.9 % above the estimated value midpoint.
Where does this figure come from?
- eps · 2021 · 340.31 XOF/share — SIBC financial statements, aggregated by Stock Analysis source
- eps · 2022 · 400.9 XOF/share — SIBC financial statements, aggregated by Stock Analysis source
- eps · 2023 · 435 XOF/share — SIBC financial statements, aggregated by Stock Analysis source
- eps · 2024 · 502 XOF/share — SIBC financial statements, aggregated by Stock Analysis source
- eps · 2025 · 556.23 XOF/share — SIBC financial statements, aggregated by Stock Analysis source
- equity · 2021 · 130,799 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- equity · 2022 · 148,389 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 164,402 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 187,136 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 204,765 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- price · Oct 2, 2026 · 9,185 XOF — SIBC market quote (delayed), Stock Analysis source
- shares · latest · 100,000,000 shares — SIBC market quote (delayed), Stock Analysis source
Show the calculation
Source Trail
- Result
- 66/100 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) | 76,532 | 83,542 | 95,571 | 102,763 | 108,663 |
| Net income (M XOF) | 34,031 | 40,090 | 43,513 | 50,234 | 55,623 |
| EPS (XOF) | 340.31 | 400.9 | 435 | 502 | 556.23 |
| Equity (M XOF) | 130,799 | 148,389 | 164,402 | 187,136 | 204,765 |
| Dividend paid (XOF) | 450 | 549.37 | 548.26 | 375 | 425 |
Where does this figure come from?
- dps · 2021 · 450 XOF/share — SIBC FY2021 dividend (gross), Bloom Afrik (published company data) source
- dps · 2022 · 549.37 XOF/share — SIBC FY2022 dividend (gross), Bloom Afrik (published company data) source
- dps · 2023 · 548.26 XOF/share — SIBC FY2023 dividend (gross), Bloom Afrik (published company data) source
- dps · 2024 · 375 XOF/share — SIBC FY2024 dividend (gross), Bloom Afrik (published company data) source
- dps · 2025 · 425 XOF/share — SIBC FY2025 dividend (gross), Bloom Afrik (published company data) source
- eps · 2021 · 340.31 XOF/share — SIBC financial statements, aggregated by Stock Analysis source
- eps · 2022 · 400.9 XOF/share — SIBC financial statements, aggregated by Stock Analysis source
- eps · 2023 · 435 XOF/share — SIBC financial statements, aggregated by Stock Analysis source
- eps · 2024 · 502 XOF/share — SIBC financial statements, aggregated by Stock Analysis source
- eps · 2025 · 556.23 XOF/share — SIBC financial statements, aggregated by Stock Analysis source
- equity · 2021 · 130,799 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- equity · 2022 · 148,389 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- equity · 2023 · 164,402 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- equity · 2024 · 187,136 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- equity · 2025 · 204,765 M XOF — SIBC balance sheet, aggregated by Stock Analysis source
- net income · 2021 · 34,031 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- net income · 2022 · 40,090 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- net income · 2023 · 43,513 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- net income · 2024 · 50,234 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- net income · 2025 · 55,623 M XOF — SIBC financial statements, aggregated by Stock Analysis source
- revenue · 2021 · 76,532 M XOF — SIB research note FY2024, Bridge Securities (PNB 2021–2024) source
- revenue · 2022 · 83,542 M XOF — SIB research note FY2024, Bridge Securities (PNB 2021–2024) source
- revenue · 2023 · 95,571 M XOF — SIB research note FY2024, Bridge Securities (PNB 2021–2024) source
- revenue · 2024 · 102,763 M XOF — SIBC FY2024 PNB (produit net bancaire), BRVM official company filing source
- revenue · 2025 · 108,663 M XOF — SIBC 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.
5,062 XOF
Show the calculation
Source Trail
- Result
- 5,062 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 · 556.23 XOF/share — SIBC financial statements, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 204,765 M XOF — SIBC balance sheet, aggregated by Stock Analysis source (aggregated)
- shares · latest · 100,000,000 shares — SIBC 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: 2,048 XOF (2025 equity ÷ shares outstanding)
Estimated Fundamental Value
A range across documented methods, next to the market price.
5,062 XOF – 5,562 XOF
Show the calculation
Source Trail
- Result
- 5,062 XOF – 5,562 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 · 556.23 XOF/share — SIBC financial statements, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 204,765 M XOF — SIBC balance sheet, aggregated by Stock Analysis source (aggregated)
- shares · latest · 100,000,000 shares — SIBC 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
9,185 XOF
Estimated Fundamental Value (midpoint)
5,312 XOF
Margin of Safety
-72.9%
Show the calculation
Source Trail
- Result
- -72.9% estimated margin of safety
- Formula
- (Estimated value midpoint − market price) ÷ estimated value midpoint
- Currency
- XOF
Figures used
- eps · 2021 · 340.31 XOF/share — SIBC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2022 · 400.9 XOF/share — SIBC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2023 · 435 XOF/share — SIBC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2024 · 502 XOF/share — SIBC financial statements, aggregated by Stock Analysis source (aggregated)
- eps · 2025 · 556.23 XOF/share — SIBC financial statements, aggregated by Stock Analysis source (aggregated)
- equity · 2021 · 130,799 M XOF — SIBC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2022 · 148,389 M XOF — SIBC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2023 · 164,402 M XOF — SIBC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2024 · 187,136 M XOF — SIBC balance sheet, aggregated by Stock Analysis source (aggregated)
- equity · 2025 · 204,765 M XOF — SIBC balance sheet, aggregated by Stock Analysis source (aggregated)
- price · Oct 2, 2026 · 9,185 XOF — SIBC market quote (delayed), Stock Analysis source (quoted)
- shares · latest · 100,000,000 shares — SIBC 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.