Declared Dividend • Mar 14
Dividend of د.م4.00 announced Dividend of د.م4.00 is the same as last year. Ex-date: 24th March 2026 Payment date: 2nd April 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. New Risk • Mar 02
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 Moroccan stocks, typically moving 5.7% 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: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 10% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (د.م306.3m market cap, or US$33.2m). Board Change • Feb 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. 1 independent director (10 non-independent directors). Independent Director Mohammed Boutaleb was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 10 non-independent directors. Independent Director Mohammed Boutaleb was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Aug 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 Earnings have declined by 6.2% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (د.م336.4m market cap, or US$37.2m). Declared Dividend • Mar 17
Dividend of د.م4.00 announced Dividend of د.م4.00 is the same as last year. Ex-date: 25th March 2025 Payment date: 8th April 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to decline by 71% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.3% EPS decline seen over the last 5 years. Board Change • Feb 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Director Mohammed Boutaleb was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Feb 13
Maghreb Oxygène S.A., Annual General Meeting, Mar 12, 2025 Maghreb Oxygène S.A., Annual General Meeting, Mar 12, 2025. Board Change • Dec 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Director Mohammed Boutaleb was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to د.م250, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 9x in the Chemicals industry in Africa. Total loss to shareholders of 31% over the past three years. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (د.م175.5m market cap, or US$18.0m). New Risk • Sep 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (د.م173.3m market cap, or US$17.8m). Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: د.م11.70 (vs د.م18.80 in FY 2022) Full year 2023 results: EPS: د.م11.70 (down from د.م18.80 in FY 2022). Revenue: د.م294.1m (flat on FY 2022). Net income: د.م9.54m (down 38% from FY 2022). Profit margin: 3.2% (down from 5.2% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Dec 08
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Mohammed Boutaleb was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Mohammed Boutaleb was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Oct 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Share price has been highly volatile over the past 3 months (5.9% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (د.م178.8m market cap, or US$17.4m). Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to د.م192, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 9x in the Chemicals industry in Africa. Total returns to shareholders of 6.7% over the past three years. Board Change • May 08
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Mohammed Boutaleb was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: د.م18.80 (vs د.م22.12 in FY 2021) Full year 2022 results: EPS: د.م18.80 (down from د.م22.12 in FY 2021). Revenue: د.م293.0m (up 7.0% from FY 2021). Net income: د.م15.3m (down 15% from FY 2021). Profit margin: 5.2% (down from 6.6% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to د.م271, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 8x in the Chemicals industry in Africa. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 17% share price gain to د.م244, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 9x in the Chemicals industry in Africa. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to د.م255, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 8x in the Chemicals industry in Africa. Total returns to shareholders of 40% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Mohammed Boutaleb was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Mohammed Boutaleb was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Mohammed Boutaleb was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 29
Upcoming dividend of د.م4.00 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 16 May 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Moroccan dividend payers (4.1%). Lower than average of industry peers (5.4%). Board Change • Apr 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Mohammed Boutaleb was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 17% share price gain to د.م302, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 12x in the Chemicals industry in Africa. Total returns to shareholders of 110% over the past three years. Board Change • Aug 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Mohammed Boutaleb was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 02
Upcoming dividend of د.م4.00 per share Eligible shareholders must have bought the stock before 08 April 2021. Payment date: 19 April 2021. Trailing yield: 2.1%. Lower than top quartile of Moroccan dividend payers (5.2%). Lower than average of industry peers (5.5%). Reported Earnings • Feb 25
Full year 2020 earnings released: EPS د.م18.20 (vs د.م18.10 in FY 2019) The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: د.م249.8m (up 3.7% from FY 2019). Net income: د.م14.8m (flat on FY 2019). Profit margin: 5.9% (down from 6.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Sep 24
First half earnings released Over the last 12 months the company has reported total profits of د.م9.00m, down 34% from the prior year. Total revenue was د.م233.2m over the last 12 months, down 3.6% from the prior year.