Reported Earnings • 13h
Full year 2025 earnings released Full year 2025 results: Revenue: د.ت27.5m (down 6.2% from FY 2024). Net income: د.ت2.63m (down 6.7% from FY 2024). Profit margin: 9.6% (in line with FY 2024). Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Central Director & Director Mohamed Bellalouna was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Oct 10
Now 21% overvalued Over the last 90 days, the stock has fallen 10% to د.ت5.78. The fair value is estimated to be د.ت4.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 11%. Upcoming Dividend • Aug 22
Upcoming dividend of د.ت0.45 per share Eligible shareholders must have bought the stock before 29 August 2025. Payment date: 02 September 2025. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 6.8%. Within top quartile of Tunisian dividend payers (6.7%). Lower than average of industry peers (7.7%). Board Change • Jul 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Chairman of the Board Hatem Ben Slimane was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • May 14
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 Tunisian stocks, typically moving 4.0% 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 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 (4.0% average weekly change). Market cap is less than US$100m (د.ت33.6m market cap, or US$11.1m). Board Change • May 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Chairman of the Board Hatem Ben Slimane was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • May 14
Société Atelier du Meuble Intérieurs SA, Annual General Meeting, Jun 24, 2025 Société Atelier du Meuble Intérieurs SA, Annual General Meeting, Jun 24, 2025. Board Change • Apr 22
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Chairman of the Board Hatem Ben Slimane was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Jan 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: د.ت31.7m (US$9.89m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (د.ت31.7m market cap, or US$9.89m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Board Change • Jan 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Chairman of the Board Hatem Ben Slimane was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Dec 09
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). Market cap is less than US$100m (د.ت32.9m market cap, or US$10.5m). Board Change • Dec 06
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Chairman of the Board Hatem Ben Slimane was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Sep 27
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 Tunisian stocks, typically moving 3.7% 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: Minor Risks Dividend is not well covered by cash flows (91% cash payout ratio). Share price has been volatile over the past 3 months (3.7% average weekly change). Market cap is less than US$100m (د.ت33.8m market cap, or US$11.2m). New Risk • Jul 31
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 Tunisian stocks, typically moving 4.2% 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 Dividend is not well covered by cash flows (91% cash payout ratio). Share price has been volatile over the past 3 months (4.2% average weekly change). Market cap is less than US$100m (د.ت32.4m market cap, or US$10.4m). Upcoming Dividend • Jul 24
Upcoming dividend of د.ت0.50 per share Eligible shareholders must have bought the stock before 31 July 2024. Payment date: 02 August 2024. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 7.8%. Lower than top quartile of Tunisian dividend payers (7.9%). In line with average of industry peers (8.0%). Reported Earnings • May 25
Full year 2023 earnings released: EPS: د.ت0.68 (vs د.ت0.60 in FY 2022) Full year 2023 results: EPS: د.ت0.68 (up from د.ت0.60 in FY 2022). Revenue: د.ت28.8m (flat on FY 2022). Net income: د.ت3.79m (up 14% from FY 2022). Profit margin: 13% (up from 12% in FY 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • May 08
Société Atelier du Meuble Intérieurs SA, Annual General Meeting, Jun 25, 2024 Société Atelier du Meuble Intérieurs SA, Annual General Meeting, Jun 25, 2024. 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 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 Market cap is less than US$10m (د.ت23.1m market cap, or US$7.36m). 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. Upcoming Dividend • Jul 24
Upcoming dividend of د.ت0.40 per share at 9.6% yield Eligible shareholders must have bought the stock before 31 July 2023. Payment date: 03 August 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 9.6%. Within top quartile of Tunisian dividend payers (8.1%). Higher than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to د.ت3.69, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 10x in the Commercial Services industry in Africa. Total returns to shareholders of 44% over the past three years. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Chairman Hatem Ben Slimane was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 25
Upcoming dividend of د.ت0.21 per share Eligible shareholders must have bought the stock before 01 August 2022. Payment date: 04 August 2022. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 6.7%. Within top quartile of Tunisian dividend payers (6.6%). In line with average of industry peers (6.5%). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chairman of the Board of Directors Salima Ben Slimane was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 23
Upcoming dividend of د.ت0.23 per share Eligible shareholders must have bought the stock before 30 July 2021. Payment date: 04 August 2021. Trailing yield: 5.9%. Lower than top quartile of Tunisian dividend payers (7.3%). Lower than average of industry peers (7.4%). Is New 90 Day High Low • Feb 21
New 90-day low: د.ت2.53 The company is down 8.0% from its price of د.ت2.74 on 20 November 2020. The Tunisian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 28% over the same period. Is New 90 Day High Low • Jan 27
New 90-day low: د.ت2.55 The company is down 13% from its price of د.ت2.94 on 28 October 2020. The Tunisian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 27% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: د.ت2.68 The company is down 11% from its price of د.ت3.01 on 07 October 2020. The Tunisian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 9.0% over the same period.