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BOC

BOC Kenya Plc

Ksh 185.25

▲0.27% today

68 owned trading days · 07 Jul 2026 → 06 Nov 2026 · KES 166.50–198.25

Low data confidence — model view withheld

Data C

Exactly two of the three checks below fail

Two of the three data checks fall short. Model views are withheld and replaced with 'low data confidence' — the data isn't strong enough to support them.

Not a negative view of the counter — a statement that our data is too thin to say much.

This counter

  • newest statement 22 months old
  • only 2 FYs of history (need 3)

Income Fortress

Dividend score ≥ 75 AND Financial health score ≥ 60

This counter scores high on dividend strength and sits on financially healthy footing — the two together are what the label points to.

Not a recommendation to buy, and not a promise the dividend continues. It describes two scores being high at once, nothing about future payments.

Why grade C: newest statement 22 months old · only 2 FYs of history (need 3)

Automated analysis for information & education. Not investment advice.

The five pillars

composite —/100Data C

71Value64Quality72Health89Dividend46LiquiditybuildinghistoryMomentumCconfidence

Ring color: accent = confidence A/B, amber = C/D — a fixed-radius stroke, never a percentage fill.

Value71
  • P/E 9.781 ·w25
  • P/B 1.4172 ·w20
  • earnings yield 10.4% vs 364d T-bill 9.03% (spread +1.3pp)63 ·w20
  • needs positive EPS and own P/E history— ·w15
  • needs a dividend and own yield history— ·w10
  • revenue/earnings growth +7.9% YoY60 ·w10
Financial health72
  • F-Score 6/9 signals passed67 ·w70
  • interest coverage 8.5× (stored ratio — not derivable from raw lines)85 ·w30
Quality64
  • ROE 14.6%58 ·w25
  • net margin 12.7% (non-financial bands)63 ·w20
  • net margin +0.2pp over window(short window)52 ·w15
  • ROA 8.4%54 ·w15
  • debt/equity 0.73× (standard bands)76 ·w15
  • revenue never declined over window(short window)100 ·w10
Dividend reliability89
  • paid a dividend in 2 of 2 observed FYs (design window 5)(short window)100 ·w30
  • yield 3.5% at current price44 ·w20
  • earnings cover the dividend 2.95×100 ·w20
  • never cut over 2 observed FYs(short window)100 ·w15
  • payout ratio 34% of earnings100 ·w15
MomentumBuilding history — since 2026-07-07
  • Building history — since 2026-07-07— ·w100
Liquidity46
  • median daily turnover ≈ KES 261,032 over 68 observed days(short window)35 ·w40
  • no trades on 0% of observed days(short window)100 ·w30
  • daily turnover 0.7bp of market cap (shares est. from NI÷EPS)(short window)7 ·w30

Dividend timeline

10.3521 Jul 2026final

Evenly spaced by announcement order, not calendar time — see the dates at each marker.

Statements we hold

FYRevenueNet incomeEPSDPS
2024KES 3.0BKES 380.0M19.196.50
2023KES 2.8BKES 350.0M17.686.00

Analyst brief

BOC Kenya trades at 189 KES with an earnings yield of 10.2%, sitting 1.1 percentage points above the 364-day T-bill rate of 9.03%. The value pillar scores toward the upper half of the scale, supported by a P/E of 9.8 and modest earnings growth of 7.9% year-on-year, though the spread to risk-free rates remains thin. Dividend strength is the clearest standout: the company paid a dividend in both observed financial years, covers it nearly 3× over with earnings, has never cut it, and distributes only 34% of profits—leaving room for reinvestment. Health remains solid with an F-Score of 6/9 and interest coverage at 8.5×, while quality metrics show an ROE of 14.6% and net margin of 12.7%, though returns have barely shifted over the measurement window.

BOC Kenya trades at a price as of 2 November 2026. An overall verdict is withheld: the newest financial statement is 22 months old, and only two years of history are available when three are needed for confidence. Liquidity is constrained, with median daily turnover around 268,576 KES representing just 0.7 basis points of estimated market capitalisation—a material friction for larger positions. Momentum data remains thin, building since July 2026. No risk flags are flagged in the current dataset. A fresh annual filing and an additional year of earnings history would clarify whether the business trajectory and returns persist.

Automated analysis for information & education. Not investment advice.