New Risk • May 11
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 Market cap is less than US$10m (د.م59.3m market cap, or US$6.51m). 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 (8.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.1% net profit margin). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to د.م159, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 31x in the Software industry in Africa. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to د.م134, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 20x in the Software industry in Africa. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to د.م141, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 20x in the Software industry in Africa. Total returns to shareholders of 48% over the past three years. Board Change • Feb 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Mourad Mekouar was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Mourad Mekouar was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to د.م213, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 30x in the Software industry globally. Total returns to shareholders of 116% over the past three years. New Risk • Jun 25
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 7.4% 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 Market cap is less than US$10m (د.م60.6m market cap, or US$6.66m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Duyuru • May 27
INVOLYS S.A., Annual General Meeting, Jun 26, 2025 INVOLYS S.A., Annual General Meeting, Jun 26, 2025. New Risk • Apr 15
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 Risks Earnings have declined by 9.8% per year over the past 5 years. Market cap is less than US$10m (د.م37.3m market cap, or US$4.02m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • Feb 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Mourad Mekouar was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Mourad Mekouar was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to د.م104, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 30x in the Software industry globally. Total returns to shareholders of 14% over the past three years. New Risk • Aug 22
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 Risks Earnings have declined by 45% per year over the past 5 years. Market cap is less than US$10m (د.م36.2m market cap, or US$3.74m). 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 (5.6% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (د.م46m revenue, or US$4.8m). Duyuru • May 31
INVOLYS S.A., Annual General Meeting, Jun 28, 2024 INVOLYS S.A., Annual General Meeting, Jun 28, 2024. Location: casablanca Morocco Reported Earnings • May 06
Full year 2023 earnings released Full year 2023 results: Revenue: د.م46.2m (down 8.1% from FY 2022). Net income: د.م688.7k (up د.م779.9k from FY 2022). Profit margin: 1.5% (up from net loss in FY 2022). New Risk • May 02
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. 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 December 2022 fiscal period end). Revenue has declined by 2.9% over the past year. Market cap is less than US$10m (د.م35.6m market cap, or US$3.53m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Revenue is less than US$5m (د.م50m revenue, or US$5.0m). New Risk • Nov 19
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 Risks Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (د.م34.4m market cap, or US$3.39m). 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. Revenue is less than US$5m (د.م50m revenue, or US$5.0m). New Risk • Aug 25
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: د.م50m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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 Risks Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (د.م36.9m market cap, or US$3.65m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.8% average weekly change). Revenue is less than US$5m (د.م50m revenue, or US$5.0m). New Risk • Aug 13
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 4.9% 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 Risks Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (د.م37.1m market cap, or US$3.76m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.9% average weekly change). Upcoming Dividend • Dec 12
Upcoming dividend of د.م5.00 per share Eligible shareholders must have bought the stock before 19 December 2022. Payment date: 28 December 2022. Trailing yield: 5.0%. Within top quartile of Moroccan dividend payers (4.7%). Higher than average of industry peers (3.1%). 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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Chairman of the Board Bassim Jaï Hokimi was the last 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 • Jul 18
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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Chairman of the Board Bassim Jaï Hokimi was the last 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 • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Chairman of the Board Bassim Jaï Hokimi was the last director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 10
Inaugural dividend of د.م8.00 per share Eligible shareholders must have bought the stock before 16 November 2021. Payment date: 26 November 2021. The company last paid an ordinary dividend in May 2020. The average dividend yield among industry peers is 0.8%. Is New 90 Day High Low • Feb 11
New 90-day low: د.م112 The company is down 6.0% from its price of د.م120 on 13 November 2020. The Moroccan market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 33% over the same period. Is New 90 Day High Low • Dec 04
New 90-day low: د.م113 The company is down 16% from its price of د.م134 on 31 August 2020. The Moroccan market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 29% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: د.م125 The company is down 7.0% from its price of د.م135 on 16 July 2020. The Moroccan market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 48% over the same period.