New Risk • Apr 10
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). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Apr 10
Colorado S.A., Annual General Meeting, May 15, 2026 Colorado S.A., Annual General Meeting, May 15, 2026. Board Change • Feb 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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Mohammed Benhalima was the last independent director to join the board, commencing their role in 2019. 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 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. 1 independent director (6 non-independent directors). Independent Director Mohammed Benhalima was the last independent director to join the board, commencing their role in 2019. 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 03
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 Moroccan stocks, typically moving 8.1% 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 Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to د.م96.68, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 11x in the Chemicals industry in Africa. Total returns to shareholders of 113% over the past three years. New Risk • Aug 12
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 6.0% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to د.م75.03, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 11x in the Chemicals industry in Africa. Total returns to shareholders of 75% over the past three years. Reported Earnings • Jun 22
Full year 2024 earnings released: EPS: د.م2.81 (vs د.م2.40 in FY 2023) Full year 2024 results: EPS: د.م2.81 (up from د.م2.40 in FY 2023). Revenue: د.م605.0m (down 1.0% from FY 2023). Net income: د.م45.3m (up 17% from FY 2023). Profit margin: 7.5% (up from 6.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Jun 05
Upcoming dividend of د.م2.60 per share Eligible shareholders must have bought the stock before 12 June 2025. Payment date: 23 June 2025. Trailing yield: 3.6%. Lower than top quartile of Moroccan dividend payers (4.1%). Lower than average of industry peers (8.5%). New Risk • Apr 27
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Apr 17
Dividend increased to د.م2.60 Dividend of د.م2.60 is 16% higher than last year. Ex-date: 12th June 2025 Payment date: 23rd June 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.8%. Sustainability & Growth The dividend has increased by an average of 4.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.3% to bring the payout ratio under control, which is more than the 1.1% EPS growth achieved over the last 5 years. Board Change • Feb 24
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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Mohammed Benhalima was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to د.م61.98, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 9x in the Chemicals industry in Africa. Total returns to shareholders of 39% over the past three years. Board Change • Dec 25
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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Mohammed Benhalima was the last independent director to join the board, commencing their role in 2019. 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 • Nov 12
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). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (د.م852.6m market cap, or US$86.0m). Upcoming Dividend • Jun 04
Upcoming dividend of د.م2.25 per share Eligible shareholders must have bought the stock before 11 June 2024. Payment date: 20 June 2024. Trailing yield: 4.0%. Lower than top quartile of Moroccan dividend payers (4.1%). Lower than average of industry peers (10%). Reported Earnings • Apr 30
Full year 2023 earnings released Full year 2023 results: Revenue: د.م619.4m (up 1.5% from FY 2022). Net income: د.م38.6m (up 9.3% from FY 2022). Profit margin: 6.2% (up from 5.8% in FY 2022). The increase in margin was driven by higher revenue. Announcement • Apr 17
Colorado S.A., Annual General Meeting, May 15, 2024 Colorado S.A., Annual General Meeting, May 15, 2024. New Risk • Apr 14
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (د.م794.4m market cap, or US$79.3m). New Risk • Dec 29
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 Earnings have declined by 8.8% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (د.م749.5m market cap, or US$75.9m). New Risk • Oct 16
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 5.5% 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 Risk Earnings have declined by 8.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (د.م749.0m market cap, or US$73.0m). New Risk • Jun 15
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2021. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (د.م696.3m market cap, or US$69.2m). Upcoming Dividend • Jun 02
Upcoming dividend of د.م2.00 per share at 4.5% yield Eligible shareholders must have bought the stock before 09 June 2023. Payment date: 20 June 2023. Trailing yield: 4.5%. Within top quartile of Moroccan dividend payers (4.5%). Lower than average of industry peers (6.7%). 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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Mohammed Benhalima was the last independent director to join the board, commencing their role in 2019. 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 • Jun 15
Full year 2021 earnings released Full year 2021 results: Revenue: د.م595.8m (up 29% from FY 2020). Net income: د.م33.2m (up 90% from FY 2020). Profit margin: 5.6% (up from 3.8% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 20% share price decline to د.م51.27, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 11x in the Chemicals industry in Africa. Total loss to shareholders of 11% over the past three years. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Director Mohammed Benhalima was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • May 11
Upcoming dividend of د.م4.15 per share Eligible shareholders must have bought the stock before 18 May 2021. Payment date: 27 May 2021. Trailing yield: 4.6%. Lower than top quartile of Moroccan dividend payers (4.9%). Lower than average of industry peers (5.8%). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 16% share price gain to د.م57.00, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 11x in the Chemicals industry in Africa. Total loss to shareholders of 28% over the past three years. Is New 90 Day High Low • Jan 15
New 90-day low: د.م46.01 The company is down 3.0% from its price of د.م47.51 on 16 October 2020. The Moroccan market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 35% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: د.م49.85 The company is up 1.0% from its price of د.م49.43 on 17 August 2020. The Moroccan market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Chemicals industry, which is down 5.0% over the same period. Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total profits of د.م4.39m, down 88% from the prior year. Total revenue was د.م429.9m over the last 12 months, down 17% from the prior year.