Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to KSh8.08, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 10x in the Building industry in Africa. Total returns to shareholders of 189% over the past three years. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to KSh7.82, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 10x in the Building industry in Africa. Total returns to shareholders of 214% over the past three years. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to KSh6.52, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 10x in the Building industry in Africa. Total returns to shareholders of 185% over the past three years. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to KSh4.98, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 11x in the Building industry in Africa. Total returns to shareholders of 127% over the past three years. New Risk • Aug 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (KSh179.2m market cap, or US$1.39m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin). Revenue is less than US$5m (KSh457m revenue, or US$3.5m). Reported Earnings • Aug 01
Full year 2025 earnings released: EPS: KSh0.25 (vs KSh0.49 in FY 2024) Full year 2025 results: EPS: KSh0.25 (down from KSh0.49 in FY 2024). Revenue: KSh457.2m (down 16% from FY 2024). Net income: KSh9.87m (down 50% from FY 2024). Profit margin: 2.2% (down from 3.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to KSh3.64, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 10x in the Building industry in Africa. Total returns to shareholders of 67% over the past three years. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: KSh0.25 (vs KSh0.51 in FY 2024) Full year 2025 results: EPS: KSh0.25 (down from KSh0.51 in FY 2024). Revenue: KSh457.2m (down 15% from FY 2024). Net income: KSh9.87m (down 51% from FY 2024). Profit margin: 2.2% (down from 3.8% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 29
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: 2.2% Last year net profit margin: 3.8% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (KSh161.6m market cap, or US$1.25m). Minor Risks Profit margins are more than 30% lower than last year (2.2% net profit margin). Revenue is less than US$5m (KSh457m revenue, or US$3.5m). Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to KSh4.04, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 10x in the Building industry in Africa. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to KSh3.85, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 9x in the Building industry in Africa. Total returns to shareholders of 58% over the past three years. 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 August 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (KSh152.0m market cap, or US$1.17m). Minor Risks Latest financial reports are more than 6 months old (reported August 2024 fiscal period end). Revenue is less than US$5m (KSh532m revenue, or US$4.1m). Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to KSh3.70, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 8x in the Building industry in Africa. Total returns to shareholders of 65% over the past three years. New Risk • Apr 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Kenyan stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$10m (KSh130.0m market cap, or US$1.01m). Minor Risk Revenue is less than US$5m (KSh532m revenue, or US$4.1m). Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to KSh3.04, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 7x in the Building industry in Africa. Total returns to shareholders of 45% over the past three years. New Risk • Jan 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Kenyan stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (KSh112.0m market cap, or US$866.5k). Minor Risk Revenue is less than US$5m (KSh532m revenue, or US$4.1m). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to KSh3.47, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 7x in the Building industry in Africa. Total returns to shareholders of 74% over the past three years. Announcement • Aug 07
Olympia Capital Holdings Limited, Annual General Meeting, Aug 29, 2024 Olympia Capital Holdings Limited, Annual General Meeting, Aug 29, 2024, at 11:00 E. Africa Standard Time. Reported Earnings • Jul 20
Full year 2024 earnings released: EPS: KSh0.49 (vs KSh0.55 in FY 2023) Full year 2024 results: EPS: KSh0.49 (down from KSh0.55 in FY 2023). Revenue: KSh545.9m (up 10% from FY 2023). Net income: KSh19.7m (down 11% from FY 2023). Profit margin: 3.6% (down from 4.5% 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 75% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to KSh2.70, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 6x in the Building industry in Africa. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to KSh3.21, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 6x in the Building industry in Africa. Total returns to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to KSh2.87, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 7x in the Building industry in Africa. Total returns to shareholders of 32% over the past three years. New Risk • Apr 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 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 Market cap is less than US$10m (KSh124.0m market cap, or US$921.1k). Minor Risks Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). Revenue is less than US$5m (KSh535m revenue, or US$4.0m). Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to KSh3.35, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 8x in the Building industry in Africa. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to KSh2.70, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 9x in the Building industry in Africa. Total returns to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to KSh3.85, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 10x in the Building industry in Africa. Total returns to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to KSh4.24, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 13x in the Building industry in Africa. Total returns to shareholders of 73% over the past three years. Reported Earnings • Aug 05
Full year 2023 earnings released: EPS: KSh0.55 (vs KSh0.28 in FY 2022) Full year 2023 results: EPS: KSh0.55 (up from KSh0.28 in FY 2022). Revenue: KSh494.5m (up 15% from FY 2022). Net income: KSh22.0m (up 99% from FY 2022). Profit margin: 4.5% (up from 2.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to KSh3.91, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 14x in the Building industry in Africa. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to KSh3.00, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 13x in the Building industry in Africa. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to KSh2.95, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 14x in the Building industry in Africa. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to KSh2.89, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 15x in the Building industry in Africa. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to KSh2.87, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 16x in the Building industry in Africa. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to KSh2.52, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 16x in the Building industry in Africa. Total returns to shareholders of 13% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non Executive Director Patrick Wamae was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
First half 2023 earnings released: EPS: KSh0.26 (vs KSh0.23 in 1H 2022) First half 2023 results: EPS: KSh0.26 (up from KSh0.23 in 1H 2022). Revenue: KSh250.7m (down 4.8% from 1H 2022). Net income: KSh10.4m (up 10% from 1H 2022). Profit margin: 4.1% (up from 3.6% in 1H 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improved over the past week After last week's 16% share price gain to KSh2.65, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 19x in the Building industry in Africa. Total returns to shareholders of 31% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non Executive Director Patrick Wamae was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Feb 24
New 90-day low: KSh1.97 The company is down 2.0% from its price of KSh2.02 on 24 November 2020. The Kenyan market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: KSh2.50 The company is up 4.0% from its price of KSh2.40 on 07 September 2020. The Kenyan market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 17% over the same period. Is New 90 Day High Low • Nov 18
New 90-day low: KSh1.87 The company is down 24% from its price of KSh2.45 on 13 August 2020. The Kenyan market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 16% over the same period. Reported Earnings • Oct 23
First half earnings released Over the last 12 months the company has reported total losses of KSh6.29m, with earnings decreasing by KSh6.48m from the prior year. Total revenue was KSh531.7m over the last 12 months, up 5.3% from the prior year. Is New 90 Day High Low • Oct 20
New 90-day low: KSh2.04 The company is down 9.0% from its price of KSh2.25 on 22 July 2020. The Kenyan market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 12% over the same period. Is New 90 Day High Low • Sep 26
New 90-day low: KSh2.11 The company is down 8.0% from its price of KSh2.30 on 26 June 2020. The Kenyan market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 4.0% over the same period.