Reported Earnings • May 06
Full year 2025 earnings released: EPS: د.م1.13 (vs د.م0.68 in FY 2024) Full year 2025 results: EPS: د.م1.13 (up from د.م0.68 in FY 2024). Revenue: د.م3.97b (up 53% from FY 2024). Net income: د.م453.7m (up 66% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Real Estate industry in Africa. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 19
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: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (7.5% average weekly change). New Risk • Mar 04
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 5.6% 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 Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.6% average weekly change). Board Change • Feb 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 05
First half 2025 earnings released: EPS: د.م0.65 (vs د.م0.46 in 1H 2024) First half 2025 results: EPS: د.م0.65 (up from د.م0.46 in 1H 2024). Revenue: د.م1.54b (down 9.0% from 1H 2024). Net income: د.م263.2m (up 42% from 1H 2024). Profit margin: 17% (up from 11% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Real Estate industry in Africa. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth. New Risk • Oct 01
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2024. 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 Risks Latest financial reports are more than 1 year old (reported June 2024 fiscal period end). Interest payments are not well covered by earnings (1.1x net interest cover). Upcoming Dividend • Sep 12
Upcoming dividend of د.م0.50 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 30 September 2025. The company last paid an ordinary dividend in May 2015. The average dividend yield among industry peers is 2.4%. Announcement • May 27
Douja Promotion Groupe Addoha S.A., Annual General Meeting, Jun 24, 2025 Douja Promotion Groupe Addoha S.A., Annual General Meeting, Jun 24, 2025. Price Target Changed • May 09
Price target increased by 31% to د.م40.60 Up from د.م30.90, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م39.48. Stock is up 27% over the past year. The company is forecast to post earnings per share of د.م0.55 for next year compared to د.م0.43 last year. New Risk • Apr 18
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: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Board Change • Feb 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Nov 17
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: Major Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Price Target Changed • Sep 09
Price target increased by 20% to د.م24.90 Up from د.م20.80, the current price target is provided by 1 analyst. New target price is 34% below last closing price of د.م37.50. Stock is up 204% over the past year. The company is forecast to post earnings per share of د.م0.62 for next year compared to د.م0.43 last year. New Risk • Sep 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 Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Price Target Changed • May 11
Price target increased by 31% to د.م20.80 Up from د.م15.90, the current price target is an average from 2 analysts. New target price is 33% below last closing price of د.م31.10. Stock is up 299% over the past year. The company is forecast to post earnings per share of د.م0.48 for next year compared to د.م0.43 last year. Reported Earnings • May 05
Full year 2023 earnings released: EPS: د.م0.43 (vs د.م0.094 in FY 2022) Full year 2023 results: EPS: د.م0.43 (up from د.م0.094 in FY 2022). Revenue: د.م2.59b (up 88% from FY 2022). Net income: د.م174.7m (up 366% from FY 2022). Profit margin: 6.7% (up from 2.7% in FY 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.0% decline forecast for the Real Estate industry in Africa. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. New Risk • Apr 23
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: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. New Risk • Mar 26
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 4.8% 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 Interest payments are not well covered by earnings (0.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (4.8% average weekly change). Large one-off items impacting financial results. Major Estimate Revision • Oct 05
Consensus revenue estimates increase by 35% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from د.م2.07b to د.م2.78b. EPS estimate increased from د.م0.30 to د.م0.34 per share. Net income forecast to grow 409% next year vs 13% growth forecast for Real Estate industry in Morocco. Consensus price target up from د.م11.50 to د.م14.80. Share price fell 14% to د.م14.05 over the past week. New Risk • Oct 02
New major risk - Revenue and earnings growth Earnings have declined by 56% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Share price has been highly volatile over the past 3 months (6.4% average weekly change). Earnings have declined by 56% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Major Estimate Revision • Jun 23
Consensus revenue estimates increase by 20%, EPS downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from د.م1.72b to د.م2.07b. EPS estimate fell from د.م0.41 to د.م0.40. Net income forecast to grow 329% next year vs 32% growth forecast for Real Estate industry in Morocco. Consensus price target up from د.م7.35 to د.م11.50. Share price fell 2.2% to د.م10.10 over the past week. Price Target Changed • Jun 23
Price target increased by 62% to د.م11.50 Up from د.م7.12, the current price target is provided by 1 analyst. New target price is 14% above last closing price of د.م10.10. Stock is up 31% over the past year. The company is forecast to post earnings per share of د.م0.40 for next year compared to د.م0.094 last year. Price Target Changed • Nov 16
Price target increased to د.م8.82 Up from د.م5.55, the current price target is provided by 1 analyst. New target price is 35% above last closing price of د.م6.55. Stock is down 39% over the past year. The company is forecast to post earnings per share of د.م0.24 next year compared to a net loss per share of د.م0.22 last year. Reported Earnings • Oct 18
First half 2022 earnings released: EPS: د.م0.13 (vs د.م0.10 in 1H 2021) First half 2022 results: EPS: د.م0.13 (up from د.م0.10 in 1H 2021). Revenue: د.م816.4m (up 21% from 1H 2021). Net income: د.م51.6m (up 23% from 1H 2021). Profit margin: 6.3% (up from 6.2% in 1H 2021). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Real Estate industry in Africa. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 27
Price target increased to د.م12.60 Up from د.م5.55, the current price target is provided by 1 analyst. New target price is 50% above last closing price of د.م8.41. Stock is up 24% over the past year. The company is forecast to post earnings per share of د.م0.36 next year compared to a net loss per share of د.م1.86 last year. Is New 90 Day High Low • Mar 10
New 90-day low: د.م6.29 The company is down 6.0% from its price of د.م6.68 on 10 December 2020. The Moroccan market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 6.0% over the same period. Reported Earnings • Feb 20
First half 2020 earnings released: د.م0.25 loss per share (vs د.م1.07 profit in 1H 2019) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2020 results: Revenue: د.م437.5m (down 78% from 1H 2019). Net loss: د.م80.0m (down 124% from profit in 1H 2019). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 42% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 26
New 90-day high: د.م7.13 The company is up 22% from its price of د.م5.85 on 28 October 2020. The Moroccan market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: د.م6.68 The company is up 8.0% from its price of د.م6.20 on 11 September 2020. The Moroccan market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Real Estate industry, which is up 13% over the same period. Is New 90 Day High Low • Nov 22
New 90-day high: د.م6.64 The company is up 1.0% from its price of د.م6.60 on 24 August 2020. The Moroccan market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 23
New 90-day low: د.م5.73 The company is down 15% from its price of د.م6.74 on 24 July 2020. The Moroccan market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 5.0% over the same period. Price Target Changed • Oct 02
Price target lowered to د.م4.18 Down from د.م5.55, the current price target is provided by 1 analyst. The new target price is 28% below the current share price of د.م5.80. As of last close, the stock is down 39% over the past year. Major Estimate Revision • Oct 02
Analysts lower revenue estimates to د.م1.39b The 2020 consensus revenue estimate decreased from د.م2.26b. Earning per share (EPS) estimate was also lowered from د.م0.50 to د.م0.21 for the same period. Net income is expected to shrink by 74% next year compared to 38% decline forecast for the Real Estate industry in Morocco. The consensus price target was lowered from د.م5.55 to د.م4.18. Share price is down by 3.0% to د.م5.80 over the past week. Is New 90 Day High Low • Oct 01
New 90-day low: د.م5.82 The company is down 20% from its price of د.م7.25 on 03 July 2020. The Moroccan 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 down 8.0% over the same period.