Financials Compagnie Ivoirienne d'Électricité (CIE), S.A.

Equities

CIEC

CI0000000212

Electric Utilities

End-of-day quote BRVM - Abidjan 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1,560 XOF +1.96% Intraday chart for Compagnie Ivoirienne d'Électricité (CIE), S.A. -1.89% -8.24%

Valuation

Fiscal Period: December 2016 2017 2018 2019 2020
Capitalization 1 208,600 117,600 80,920 89,600 84,000
Enterprise Value (EV) 1 249,489 208,798 262,635 165,356 159,778
P/E ratio 19.4 x 59.2 x 16.4 x 11.4 x 4.89 x
Yield 5.17% 1.69% 6.09% - 12.4%
Capitalization / Revenue 0.35 x 0.2 x 0.14 x 0.48 x 0.38 x
EV / Revenue 0.42 x 0.35 x 0.45 x 0.88 x 0.72 x
EV / EBITDA 9.02 x 11.8 x 11.7 x 3.64 x 1.64 x
EV / FCF -13.9 x -4.78 x -7.18 x 1.51 x 2.23 x
FCF Yield -7.19% -20.9% -13.9% 66.2% 44.8%
Price to Book 7.56 x 6.26 x 3.7 x 3.17 x 2.24 x
Nbr of stocks (in thousands) 56,000 56,000 56,000 56,000 56,000
Reference price 2 3,725 2,100 1,445 1,600 1,500
Announcement Date 5/12/17 5/5/18 8/24/19 6/22/21 6/22/21
1XOF in Million2XOF
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2016 2017 2018 2019 2020
Net sales 1 589,635 593,261 588,640 186,937 222,127
EBITDA 1 27,658 17,660 22,470 45,454 97,532
EBIT 1 14,210 3,562 6,976 31,447 75,195
Operating Margin 2.41% 0.6% 1.19% 16.82% 33.85%
Earnings before Tax (EBT) 1 14,857 3,147 5,689 9,025 21,139
Net income 1 10,780 1,987 4,930 7,826 17,183
Net margin 1.83% 0.33% 0.84% 4.19% 7.74%
EPS 2 192.5 35.48 88.03 139.8 306.8
Free Cash Flow 1 -17,933 -43,662 -36,559 109,414 71,515
FCF margin -3.04% -7.36% -6.21% 58.53% 32.2%
FCF Conversion (EBITDA) - - - 240.71% 73.32%
FCF Conversion (Net income) - - - 1,398.08% 416.19%
Dividend per Share 2 192.5 35.50 88.04 - 185.7
Announcement Date 5/12/17 5/5/18 8/24/19 6/22/21 6/22/21
1XOF in Million2XOF
Estimates

Balance Sheet Analysis

Fiscal Period: December 2016 2017 2018 2019 2020
Net Debt 1 40,889 91,198 181,715 75,756 75,778
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) 1.478 x 5.164 x 8.087 x 1.667 x 0.777 x
Free Cash Flow 1 -17,933 -43,662 -36,559 109,414 71,515
ROE (net income / shareholders' equity) 41% 8.57% 24.3% 31.2% 52.2%
ROA (Net income/ Total Assets) 0.94% 0.23% 0.48% 1.74% 3.63%
Assets 1 1,151,373 865,408 1,028,521 451,040 473,818
Book Value Per Share 2 493.0 336.0 390.0 505.0 670.0
Cash Flow per Share 2 667.0 1,221 511.0 1,484 1,326
Capex - 23,285 28,771 29,405 19,265
Capex / Sales - 3.92% 4.89% 15.73% 8.67%
Announcement Date 5/12/17 5/5/18 8/24/19 6/22/21 6/22/21
1XOF in Million2XOF
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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