Reported Earnings • Jun 09
Full year 2025 earnings: Revenues in line with analyst expectations Full year 2025 results: Revenue: د.ت987.0m (up 1.0% from FY 2024). Net income: د.ت63.3m (up 2.7% from FY 2024). Profit margin: 6.4% (up from 6.3% in FY 2024). Revenue was in line with analyst estimates. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Global Personal Products industry. New Risk • May 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. お知らせ • May 11
Société d'Articles Hygiéniques Société Anonyme, Annual General Meeting, Jun 09, 2026 Société d'Articles Hygiéniques Société Anonyme, Annual General Meeting, Jun 09, 2026. Board Change • Jul 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. お知らせ • May 14
Société d'Articles Hygiéniques Société Anonyme, Annual General Meeting, Jun 12, 2025 Société d'Articles Hygiéniques Société Anonyme, Annual General Meeting, Jun 12, 2025, at 10:00 W. Central Africa Standard Time. Location: 5 rue 8610 z i charguia 1, tunis Tunisia Board Change • Apr 22
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. お知らせ • Apr 21
Société d'Articles Hygiéniques Société Anonyme, Annual General Meeting, May 09, 2025 Société d'Articles Hygiéniques Société Anonyme, Annual General Meeting, May 09, 2025, at 10:00 W. Central Africa Standard Time. Location: 5 rue 8610 z i charguia 1, tunis Tunisia Board Change • Jan 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Price Target Changed • Dec 10
Price target decreased by 16% to د.ت11.40 Down from د.ت13.50, the current price target is provided by 1 analyst. New target price is 14% above last closing price of د.ت10.02. Stock is up 23% over the past year. The company is forecast to post earnings per share of د.ت0.58 for next year compared to د.ت0.42 last year. Board Change • Dec 06
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Sep 22
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Price Target Changed • Jul 18
Price target increased by 7.4% to د.ت11.60 Up from د.ت10.80, the current price target is provided by 1 analyst. New target price is 16% above last closing price of د.ت10.00. Stock is up 12% over the past year. The company is forecast to post earnings per share of د.ت0.51 for next year compared to د.ت0.42 last year. お知らせ • Jun 19
Société d'Articles Hygiéniques Société Anonyme, Annual General Meeting, Jun 28, 2024 Société d'Articles Hygiéniques Société Anonyme, Annual General Meeting, Jun 28, 2024, at 10:00 W. Central Africa Standard Time. Location: zi zriba hammam zaghouan, Tunisia Reported Earnings • Jun 13
Full year 2023 earnings released Full year 2023 results: Revenue: د.ت902.0m (up 3.8% from FY 2022). Net income: د.ت35.7m (flat on FY 2022). Profit margin: 4.0% (down from 4.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Global Personal Products industry. New Risk • May 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Price Target Changed • Nov 03
Price target decreased by 10% to د.ت11.20 Down from د.ت12.50, the current price target is provided by 1 analyst. New target price is 42% above last closing price of د.ت7.90. Stock is down 14% over the past year. The company is forecast to post earnings per share of د.ت0.40 for next year compared to د.ت0.42 last year. Upcoming Dividend • Jun 27
Inaugural dividend of د.ت0.33 per share Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 06 July 2023. This is the first dividend for Société d'Articles Hygiéniques Société Anonyme since going public. The average dividend yield among industry peers is 1.8%. Reported Earnings • May 30
Full year 2022 earnings released Full year 2022 results: Revenue: د.ت880.6m (up 31% from FY 2021). Net income: د.ت35.3m (up 118% from FY 2021). Profit margin: 4.0% (up from 2.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Global Personal Products industry. Reported Earnings • Dec 17
First half 2022 earnings released First half 2022 results: Revenue: د.ت398.1m (up 22% from 1H 2021). Net income: د.ت13.3m (flat on 1H 2021). Profit margin: 3.3% (down from 4.1% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Global Personal Products industry. Price Target Changed • Nov 16
Price target decreased to د.ت7.29 Down from د.ت12.56, the current price target is provided by 1 analyst. New target price is 22% below last closing price of د.ت9.38. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of د.ت0.25 for next year compared to د.ت0.20 last year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Price Target Changed • Aug 05
Price target decreased to د.ت9.12 Down from د.ت16.20, the current price target is provided by 1 analyst. New target price is 7.3% below last closing price of د.ت9.84. Stock is down 20% over the past year. The company is forecast to post earnings per share of د.ت0.83 for next year compared to د.ت0.20 last year. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to د.ت7.68, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Personal Products industry globally. Total loss to shareholders of 32% over the past three years. Reported Earnings • Jul 11
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: د.ت673.9m (up 7.3% from FY 2020). Net income: د.ت16.2m (down 51% from FY 2020). Profit margin: 2.4% (down from 5.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 7.4%, compared to a 11% growth forecast for the industry in Tunisia. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 25
Second quarter 2020 earnings released: EPS د.ت0.18 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2020 results: Revenue: د.ت163.9m (up 34% from 2Q 2019). Net income: د.ت11.7m (up 89% from 2Q 2019). Profit margin: 7.1% (up from 5.1% in 2Q 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 20
New 90-day high: د.ت12.73 The company is up 2.0% from its price of د.ت12.48 on 20 November 2020. The Tunisian market is flat over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Personal Products industry, which is also up 2.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: د.ت11.67 The company is down 1.0% from its price of د.ت11.79 on 04 August 2020. The Tunisian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Personal Products industry, which is also down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.ت5.30 per share. Is New 90 Day High Low • Sep 19
New 90-day high: د.ت13.59 The company is up 22% from its price of د.ت11.10 on 19 June 2020. The Tunisian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Personal Products industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is د.ت5.48 per share.