Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Non-Executive Director Christine Defraigne was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 31
Dividend of €15.19 announced Shareholders will receive a dividend of €15.19. Ex-date: 15th June 2026 Payment date: 17th June 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. お知らせ • May 30
Moury Construct SA announces Annual dividend, payable on June 17, 2026 Moury Construct SA announced Annual dividend of EUR 15.1900 per share payable on June 17, 2026, ex-date on June 15, 2026 and record date on June 16, 2026. お知らせ • Jun 03
Moury Construct SA announces Annual dividend, payable on June 17, 2025 Moury Construct SA announced Annual dividend of EUR 12.2500 per share payable on June 17, 2025, ex-date on June 13, 2025 and record date on June 16, 2025. Reported Earnings • Sep 26
First half 2024 earnings released: EPS: €35.87 (vs €30.77 in 1H 2023) First half 2024 results: EPS: €35.87 (up from €30.77 in 1H 2023). Revenue: €98.0m (up 4.5% from 1H 2023). Net income: €14.2m (up 16% from 1H 2023). Profit margin: 14% (up from 13% in 1H 2023). The increase in margin was driven by higher revenue. Upcoming Dividend • Jun 06
Upcoming dividend of €7.70 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (3.9%). Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: €61.52 (vs €43.85 in FY 2022) Full year 2023 results: EPS: €61.52 (up from €43.85 in FY 2022). Revenue: €196.3m (up 26% from FY 2022). Net income: €24.4m (up 41% from FY 2022). Profit margin: 12% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Reported Earnings • Sep 29
First half 2023 earnings released: EPS: €30.77 (vs €20.90 in 1H 2022) First half 2023 results: EPS: €30.77 (up from €20.90 in 1H 2022). Revenue: €93.7m (up 18% from 1H 2022). Net income: €12.2m (up 48% from 1H 2022). Profit margin: 13% (up from 10% in 1H 2022). The increase in margin was driven by higher revenue. New Risk • Jul 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 135% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €334, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 11x in the Construction industry in Europe. Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: €43.85 (vs €33.02 in FY 2021) Full year 2022 results: EPS: €43.85 (up from €33.02 in FY 2021). Revenue: €155.4m (up 15% from FY 2021). Net income: €17.3m (up 33% from FY 2021). Profit margin: 11% (up from 9.6% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Dec 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Françoise Belfroid was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.