Ivorian (BRVM) Market Analysis & Valuation
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies44
- 7D0.4%
- 3M0.7%
- 1Y0.9%
- YTD3.1%
In the last week, the market has been flat, with a notable exception in the Industrials sector dropping 5.8%. Similarly, the market is flat for the past 12 months. As for the next few years, earnings are expected to grow by 5.2% per annum.
Market Valuation and Performance
Has the Ivorian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | XOF7.3t | XOF6.9t | XOF810.0b | 7.2x | 9x | 1.1x |
| Thu, 28 Sep 2023 | XOF7.3t | XOF7.0t | XOF823.3b | 7.2x | 8.9x | 1x |
| Sat, 26 Aug 2023 | XOF7.1t | XOF6.8t | XOF797.6b | 6.9x | 8.9x | 1x |
| Mon, 24 Jul 2023 | XOF7.0t | XOF6.5t | XOF778.6b | 7x | 9.1x | 1.1x |
| Wed, 21 Jun 2023 | XOF6.8t | XOF6.0t | XOF780.3b | 6.6x | 8.7x | 1.1x |
| Fri, 19 May 2023 | XOF6.7t | XOF5.9t | XOF757.5b | 6.7x | 8.9x | 1.1x |
| Sun, 16 Apr 2023 | XOF7.0t | XOF5.9t | XOF773.0b | 7x | 9x | 1.2x |
| Tue, 14 Mar 2023 | XOF7.2t | XOF6.3t | XOF785.3b | 7.3x | 9.2x | 1.1x |
| Thu, 09 Feb 2023 | XOF7.0t | XOF6.2t | XOF762.0b | 7.2x | 9.2x | 1.1x |
| Sat, 07 Jan 2023 | XOF5.4t | XOF6.2t | XOF762.0b | 6.9x | 7.1x | 0.9x |
| Mon, 05 Dec 2022 | XOF5.2t | XOF6.2t | XOF768.3b | 7.1x | 6.8x | 0.8x |
| Wed, 02 Nov 2022 | XOF5.6t | XOF6.2t | XOF779.8b | 7.6x | 7.2x | 0.9x |
| Fri, 30 Sep 2022 | XOF5.6t | XOF6.0t | XOF760.8b | 8x | 7.4x | 0.9x |
| Sun, 28 Aug 2022 | XOF5.7t | XOF6.0t | XOF759.7b | 8x | 7.5x | 1x |
| Tue, 26 Jul 2022 | XOF5.7t | XOF6.0t | XOF760.3b | 8x | 7.5x | 1x |
| Thu, 23 Jun 2022 | XOF5.8t | XOF5.9t | XOF751.5b | 8.4x | 7.8x | 1x |
| Sat, 21 May 2022 | XOF5.7t | XOF5.9t | XOF753.5b | 7.9x | 7.6x | 1x |
| Mon, 18 Apr 2022 | XOF6.0t | XOF5.4t | XOF704.2b | 8.1x | 8.5x | 1.1x |
| Wed, 16 Mar 2022 | XOF5.9t | XOF5.3t | XOF671.5b | 8.4x | 8.8x | 1.1x |
| Fri, 11 Feb 2022 | XOF5.6t | XOF5.3t | XOF674.8b | 8.3x | 8.3x | 1x |
| Sun, 09 Jan 2022 | XOF5.5t | XOF5.3t | XOF676.3b | 7.7x | 8.1x | 1x |
| Tue, 07 Dec 2021 | XOF5.5t | XOF5.3t | XOF676.4b | 7.8x | 8.1x | 1x |
| Thu, 04 Nov 2021 | XOF5.4t | XOF5.2t | XOF653.0b | 8.2x | 8.3x | 1x |
| Sat, 02 Oct 2021 | XOF5.1t | XOF5.1t | XOF626.9b | 8.5x | 8.1x | 1x |
| Mon, 30 Aug 2021 | XOF4.8t | XOF5.4t | XOF607.6b | 7.3x | 7.9x | 0.9x |
| Tue, 06 Jul 2021 | XOF4.4t | XOF5.4t | XOF607.6b | 6.4x | 7.2x | 0.8x |
| Fri, 09 Apr 2021 | XOF4.0t | XOF5.3t | XOF577.5b | 6.6x | 6.9x | 0.7x |
| Thu, 31 Dec 2020 | XOF4.1t | XOF5.3t | XOF543.8b | 5.9x | 7.6x | 0.8x |
Price to Earnings Ratio
6.9x
Current Market PE
- Investors are optimistic on the Ivorian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 9.0x which is higher than its 3-year average PE of 8.0x.
Past Earnings Growth
- The earnings for Ivorian listed companies have grown 15% per year over the last three years.
- Revenues for these companies have grown 8.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Ivorian Market?
| CI Market | 0.41% | |
| Financials | 1.42% | |
| Telecom | 1.14% | |
| Energy | 0.88% | |
| Real Estate | 0% | |
| Healthcare | 0% | |
| Tech | 0% | |
| Materials | -0.64% | |
| Consumer Staples | -2.47% | |
| Utilities | -3.39% | |
| Consumer Discretionary | -4.64% | |
| Industrials | -7.59% | |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 9.3x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Consumer Staples sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 6.1x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 5.2% over the next 5 years.
- However this is lower than its past earnings growth rate of 12% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ORAC Orange CI | XOF10.75k | 1.3% +XOF21.1b | n/a | n/a | Telecom | |
| ONTBF ONATEL-SA | XOF2.30k | 13.6% +XOF18.7b | -38.5% | PE7x | Telecom | |
| CBIBF Coris Bank International | XOF9.10k | 4.7% +XOF13.3b | 2.5% | PB1.3x | Financials | |
| ECOC Ecobank Côte d'Ivoire | XOF6.85k | 2.9% +XOF10.7b | 36.9% | PB2.4x | Financials | |
| SLBC Societe de Limonaderies et Brasseries d'Afrique | XOF90.00k | 5.9% +XOF8.2b | -22.1% | PE121.7x | Consumer Staples |
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