Upcoming Dividend • May 21
Upcoming dividend of €1.32 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 01 June 2026. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Belgian dividend payers (6.5%). In line with average of industry peers (4.3%). Declared Dividend • Apr 15
Dividend of €1.32 announced Shareholders will receive a dividend of €1.32. Ex-date: 28th May 2026 Payment date: 1st June 2026 Dividend yield will be 3.2%, which is lower than the industry average of 7.6%. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 13% 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 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 14
Texaf S.A. announces Annual dividend, payable on June 01, 2026 Texaf S.A. announced Annual dividend of EUR 1.3200 per share payable on June 01, 2026, ex-date on May 28, 2026 and record date on May 29, 2026. New Risk • Mar 27
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (22% net profit margin). Board Change • Jun 11
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Chairman Benoît De Blieck was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jun 04
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.7% to €34.00. The fair value is estimated to be €27.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 19%. Announcement • May 15
Texaf S.A. announces Annual dividend, payable on May 30, 2025 Texaf S.A. announced Annual dividend of EUR 1.2300 per share payable on May 30, 2025, ex-date on May 28, 2025 and record date on May 29, 2025. Buy Or Sell Opportunity • May 13
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at €33.60. The fair value is estimated to be €27.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 19%. New Risk • Apr 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 120% Dividend yield: 5.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (120% cash payout ratio). Profit margins are more than 30% lower than last year (23% net profit margin). Reported Earnings • Apr 14
Full year 2024 earnings released: EPS: €2.03 (vs €3.18 in FY 2023) Full year 2024 results: EPS: €2.03 (down from €3.18 in FY 2023). Revenue: €32.3m (up 11% from FY 2023). Net income: €7.43m (down 36% from FY 2023). Profit margin: 23% (down from 40% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Mar 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Announcement • Mar 03
Texaf S.A., Annual General Meeting, May 13, 2025 Texaf S.A., Annual General Meeting, May 13, 2025, at 11:00 Romance Standard Time. Upcoming Dividend • May 21
Upcoming dividend of €1.14 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 30 May 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Belgian dividend payers (6.6%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: €3.18 (vs €2.28 in FY 2022) Full year 2023 results: EPS: €3.18 (up from €2.28 in FY 2022). Revenue: €31.3m (up 14% from FY 2022). Net income: €11.6m (up 39% from FY 2022). Profit margin: 37% (up from 30% in FY 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 17
Upcoming dividend of €1.10 per share at 4.3% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Belgian dividend payers (6.8%). Higher than average of industry peers (3.9%). Reported Earnings • Apr 13
Full year 2022 earnings released Full year 2022 results: Revenue: €27.4m (up 21% from FY 2021). Net income: €8.35m (up 60% from FY 2021). Profit margin: 30% (up from 23% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • Sep 15
First half 2022 earnings released: EPS: €1.34 (vs €0.85 in 1H 2021) First half 2022 results: EPS: €1.34 (up from €0.85 in 1H 2021). Revenue: €14.0m (up 29% from 1H 2021). Net income: €4.91m (up 58% from 1H 2021). Profit margin: 35% (up from 29% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Buying Opportunity • Jun 16
Now 20% undervalued Over the last 90 days, the stock is up 8.7%. The fair value is estimated to be €43.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 36%. Buying Opportunity • May 06
Now 20% undervalued Over the last 90 days, the stock is up 6.2%. The fair value is estimated to be €42.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 36%. Buying Opportunity • Apr 20
Now 21% undervalued Over the last 90 days, the stock is up 4.0%. The fair value is estimated to be €42.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has declined by 36%. Reported Earnings • Apr 10
Full year 2021 earnings released: EPS: €1.42 (vs €1.27 in FY 2020) Full year 2021 results: EPS: €1.42 (up from €1.27 in FY 2020). Revenue: €22.7m (up 3.9% from FY 2020). Net income: €5.21m (up 14% from FY 2020). Profit margin: 23% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 09
First half 2021 earnings released: EPS €0.85 (vs €0.88 in 1H 2020) The company reported a poor first half result with weaker earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: €10.9m (down 1.0% from 1H 2020). Net income: €3.11m (down 1.4% from 1H 2020). Profit margin: 29% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 01
New 90-day low: €33.80 The company is down 4.0% from its price of €35.20 on 01 December 2020. The Belgian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: €36.80 The company is up 8.0% from its price of €34.00 on 24 September 2020. The Belgian market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 4.0% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: €35.80 The company is up 7.0% from its price of €33.60 on 28 August 2020. The Belgian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 4.0% over the same period. Announcement • Nov 10
Texaf S.A., Annual General Meeting, May 11, 2021 Texaf S.A., Annual General Meeting, May 11, 2021, at 11:00 Central European Standard Time. Is New 90 Day High Low • Nov 02
New 90-day low: €32.40 The company is down 3.0% from its price of €33.40 on 04 August 2020. The Belgian market is down 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 1.0% over the same period. Announcement • Aug 30
Texaf S.A. to Report Q2, 2020 Results on Sep 04, 2020 Texaf S.A. announced that they will report Q2, 2020 results on Sep 04, 2020