Dangote Cement, BUA Foods and BUA Cement account for 37% of the Top 30 in West Africa
Dangote Cement, BUA Foods and BUA Cement account for 37% of the Top 30 in West Africa as of 30 June 2024.
BRVM Cote d’Ivoire had positive YTD US$ returns of 4.1%, while Nigeria and Ghana had negative YTD US$ returns of 21.4% and 4.7% respectively.
Fundamental valuation outliers
NOTE: Valuations figures are listed as at 30 June 2024. Please click on the company name for updated share price.
Companies with the highest and lowest Return on Equity
- Nestle CI 48.0% with a share price at 7,500.00 CFA
- Dangote Sugar -54.2% with a share price at 42.50 NGN
Companies with the highest and lowest Price Earnings Ratio
- Transcorp Hotels 163.6x with a share price at 98.40 NGN
- MTN Nigeria, Nestlé Nigeria, Dangote Sugar and Transnational Corp are loss making.
Companies with the highest and lowest Dividend Yield
- United Bank for Africa 12.9% with a share price at 21.70 NGN
- Transcorp Hotels, Coris Bank, ETI, Transnational Corp and BOA – CI are currently not paying dividends.
Companies with highest and lowest Price Book Value Ratio
- Geregu Power 55.37x with a share price at 1,000.00 NGN
- MTN Nigeria and Nestlé Nigeria negative with a share prices at 230.00 NGN and 920.00 NGN respectively.
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About the Author: Hartland-Peel Africa Equity Research
Sub-Saharan Africa ex SA: Equity, debt and FX research covering sixteen countries and advising institutional investors. Proprietary data base of sixteen African stock markets, 250+ companies which is one of the most extensive and complete. New issues, IPO’s and distribution of equity on privatisation. Development of lending and corporate finance opportunities for the bank, privatisation and asset management. An ‘A’ rated equity analyst by South African institutional investors as polled by the Financial Mail in 1998 and 1999.
