Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to XOF3,350, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 23x in the Infrastructure industry in Africa. Total returns to shareholders of 229% over the past three years. 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). Director Alexis Frantz was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • May 06
Servair Abidjan S.A., Annual General Meeting, Jun 10, 2026 Servair Abidjan S.A., Annual General Meeting, Jun 10, 2026. Location: la salle jewels de la maison de l entreprise, avenue lamblin, plateau Ivory Coast Reported Earnings • Nov 04
First half 2024 earnings released First half 2024 results: Revenue: XOF5.99b (up 10% from 1H 2023). Net income: XOF709.0m (up 31% from 1H 2023). Profit margin: 12% (up from 10.0% in 1H 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to XOF1,945, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 10x in the Infrastructure industry in Africa. Total returns to shareholders of 24% over the past three years. Buy Or Sell Opportunity • Oct 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.4% to XOF2,040. The fair value is estimated to be XOF2,620, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Sep 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Ivorian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (XOF28.2b market cap, or US$47.7m). Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to XOF2,795, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 11x in the Infrastructure industry in Africa. Total returns to shareholders of 122% over the past three years. Buy Or Sell Opportunity • Aug 04
Now 21% undervalued Over the last 90 days, the stock has risen 27% to XOF2,170. The fair value is estimated to be XOF2,738, however this is not to be taken as a buy recommendation but rather should be used as a guide only. 공시 • Jun 13
Servair Abidjan S.A., Annual General Meeting, Jun 27, 2024 Servair Abidjan S.A., Annual General Meeting, Jun 27, 2024. Location: la salle jewels de la cgeci, avenue lamblin, abidjan Ivory Coast Buy Or Sell Opportunity • May 06
Now 21% undervalued Over the last 90 days, the stock has risen 23% to XOF1,705. The fair value is estimated to be XOF2,145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to XOF1,720, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 12x in the Infrastructure industry in Africa. Total returns to shareholders of 100% over the past three years. Reported Earnings • Jan 06
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: XOF2.99b (down 1.7% from 3Q 2022). Net income: XOF638.9m (up 34% from 3Q 2022). Profit margin: 21% (up from 16% in 3Q 2022). The increase in margin was driven by lower expenses. Upcoming Dividend • Aug 22
Upcoming dividend of XOF92.00 per share at 4.8% yield Eligible shareholders must have bought the stock before 29 August 2023. Payment date: 31 August 2023. Trailing yield: 4.8%. Lower than top quartile of Ivorian dividend payers (10%). Higher than average of industry peers (3.5%). New Risk • Jul 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.9% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (8.9% net profit margin). Market cap is less than US$100m (XOF14.2b market cap, or US$24.0m). Reported Earnings • Jul 24
First half 2023 earnings released First half 2023 results: Revenue: XOF5.43b (up 14% from 1H 2022). Net income: XOF543.1m (down 30% from 1H 2022). Profit margin: 10.0% (down from 16% in 1H 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to XOF1,375, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 13x in the Infrastructure industry in Africa. Total returns to shareholders of 31% over the past three years. Board Change • Nov 17
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). Director Alexis Frantz was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 15
Upcoming dividend of XOF57.73 per share Eligible shareholders must have bought the stock before 22 August 2022. Payment date: 24 August 2022. The company last paid an ordinary dividend in June 2014. The average dividend yield among industry peers is 3.2%. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 15% share price gain to XOF1,685, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 19x in the Infrastructure industry in Africa. Total returns to shareholders of 46% over the past three years. Reported Earnings • Jun 20
Full year 2021 earnings released Full year 2021 results: Revenue: XOF8.52b (up 47% from FY 2020). Net income: XOF953.4m (up XOF1.94b from FY 2020). Profit margin: 11% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. 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. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Alexis Frantz was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Dec 16
New 90-day high: XOF1,020 The company is up 37% from its price of XOF745 on 17 September 2020. The Ivorian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 11% over the same period. Reported Earnings • Oct 10
Full year earnings released Over the last 12 months the company has reported total profits of XOF1.53b, up 1.5% from the prior year. Total revenue was XOF13.0b over the last 12 months, up 4.7% from the prior year. Profit margins were 12%, which is in line with last year.