ENXTAM:HOLCO

Stock Analysis Report

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Executive Summary

Holland Colours N.V., together with its subsidiaries, manufactures, distributes, and sells color concentrates in Europe, the Americas, and Asia. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Holland Colours's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HOLCO is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: HOLCO's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.0%

HOLCO

1.2%

NL Chemicals

0.8%

NL Market


1 Year Return

5.2%

HOLCO

12.5%

NL Chemicals

2.6%

NL Market

Return vs Industry: HOLCO underperformed the Dutch Chemicals industry which returned 11.5% over the past year.

Return vs Market: HOLCO exceeded the Dutch Market which returned 0.3% over the past year.


Shareholder returns

HOLCOIndustryMarket
7 Day3.0%1.2%0.8%
30 Day12.7%5.4%15.0%
90 Day15.9%4.5%10.3%
1 Year10.6%5.2%14.9%12.5%5.0%2.6%
3 Year43.9%26.8%50.3%31.3%9.6%-1.4%
5 Year172.0%120.8%107.2%68.5%46.2%20.1%

Long-Term Price Volatility Vs. Market

How volatile is Holland Colours's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Holland Colours undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HOLCO (€102) is trading below our estimate of fair value (€743.95)

Significantly Below Fair Value: HOLCO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HOLCO is good value based on its PE Ratio (11.1x) compared to the NL Chemicals industry average (31.7x).

PE vs Market: HOLCO is good value based on its PE Ratio (11.1x) compared to the Dutch market (24.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HOLCO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HOLCO is good value based on its PB Ratio (1.8x) compared to the NL Chemicals industry average (2.9x).


Next Steps

Future Growth

How is Holland Colours forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.9%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Holland Colours has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Holland Colours performed over the past 5 years?

15.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HOLCO has high quality earnings.

Growing Profit Margin: HOLCO's current net profit margins (8.1%) are higher than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: HOLCO's earnings have grown by 15.9% per year over the past 5 years.

Accelerating Growth: HOLCO's earnings growth over the past year (7%) is below its 5-year average (15.9% per year).

Earnings vs Industry: HOLCO earnings growth over the past year (7%) exceeded the Chemicals industry -28.3%.


Return on Equity

High ROE: HOLCO's Return on Equity (16.2%) is considered low.


Next Steps

Financial Health

How is Holland Colours's financial position?


Financial Position Analysis

Short Term Liabilities: HOLCO's short term assets (€43.8M) exceed its short term liabilities (€14.8M).

Long Term Liabilities: HOLCO's short term assets (€43.8M) exceed its long term liabilities (€2.2M).


Debt to Equity History and Analysis

Debt Level: HOLCO is debt free.

Reducing Debt: HOLCO has no debt compared to 5 years ago when its debt to equity ratio was 11.6%.

Debt Coverage: HOLCO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HOLCO has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Holland Colours's current dividend yield, its reliability and sustainability?

4.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HOLCO's dividend (4.46%) is higher than the bottom 25% of dividend payers in the Dutch market (1.83%).

High Dividend: HOLCO's dividend (4.46%) is low compared to the top 25% of dividend payers in the Dutch market (5%).


Stability and Growth of Payments

Stable Dividend: HOLCO's dividend payments have been volatile in the past 10 years.

Growing Dividend: HOLCO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.5%), HOLCO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Coen Vinke (57 yo)

2.5yrs

Tenure

€456,000

Compensation

Mr. Coenraad W. H. Vinke, also known as Coen, serves as Chief Executive Officer of Holland Colours NV since May 01, 2018 and serves as its Member of Board of Management. He is a Producer of color concentra...


CEO Compensation Analysis

Compensation vs Market: Coen's total compensation ($USD545.00K) is about average for companies of similar size in the Dutch market ($USD545.00K).

Compensation vs Earnings: Coen's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Coenraad W. Vinke
CEO & Member of Board of Management2.5yrs€456.00kno data
Eelco M. Van Hamersveld
CTO & Member of Management Board2.92yrs€259.00kno data
Tanja Dinteren
CFO & Member of Management Board0.42yrno datano data
M. Bos-Westenenk
Manager of Legal Affairsno datano datano data
Gina Kluit-Gonesh
Director of Global Marketing4.5yrsno datano data
Joseph Bauer
President of Holland Colours Americas2.75yrsno datano data
H. Jacobs
Finance Director Indonesia & Acting Interim General Managerno datano datano data
Jaime Gomez
Division Director of Americas4.83yrsno datano data

2.8yrs

Average Tenure

54yo

Average Age

Experienced Management: HOLCO's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gert-Hein de Heer
Deputy Chairman of the Supervisory Board2.33yrs€26.00kno data
Roland Zoomers
Independent Chairman of the Supervisory Board5.08yrs€38.00kno data
Aukje Doornbos
Independent Member of Supervisory Board5.33yrs€26.00kno data
Jorrit Klaus
Member of Supervisory Board3.08yrs€26.00kno data

4.1yrs

Average Tenure

53.5yo

Average Age

Experienced Board: HOLCO's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Holland Colours N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Holland Colours N.V.
  • Ticker: HOLCO
  • Exchange: ENXTAM
  • Founded: 1979
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: €87.756m
  • Shares outstanding: 860.35k
  • Website: https://hollandcolours.com

Number of Employees


Location

  • Holland Colours N.V.
  • Halvemaanweg 1
  • Apeldoorn
  • Gelderland
  • 7323 RW
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HOLCOENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURJul 2005
HOLCOABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2005
0EPMLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2005
HCYDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2005

Biography

Holland Colours N.V., together with its subsidiaries, manufactures, distributes, and sells color concentrates in Europe, the Americas, and Asia. The company offers colorants for the building and constructi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 20:22
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.