Upcoming Dividend • Jul 06
Upcoming dividend of €2.02 per share Eligible shareholders must have bought the stock before 13 July 2026. Payment date: 24 July 2026. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Dutch dividend payers (4.4%). Lower than average of industry peers (7.4%). Duyuru • Jun 01
Holland Colours N.V. to Report First Half, 2027 Results on Oct 30, 2026 Holland Colours N.V. announced that they will report first half, 2027 results on Oct 30, 2026 Declared Dividend • May 31
Dividend reduced to €2.02 Dividend of €2.02 is 71% lower than last year. Ex-date: 13th July 2026 Payment date: 24th July 2026 Dividend yield will be 2.3%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (130% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% 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 45% to bring the payout ratio under control. However, EPS has declined by 18% over the last 5 years so the company would need to reverse this trend. Duyuru • May 29
Holland Colours N.V. announces Annual dividend, payable on July 24, 2026 Holland Colours N.V. announced Annual dividend of EUR 2.0200 per share payable on July 24, 2026, ex-date on July 13, 2026 and record date on July 14, 2026. Reported Earnings • May 28
Full year 2026 earnings released: EPS: €4.05 (vs €6.85 in FY 2025) Full year 2026 results: EPS: €4.05 (down from €6.85 in FY 2025). Revenue: €109.0m (down 3.0% from FY 2025). Net income: €3.48m (down 41% from FY 2025). Profit margin: 3.2% (down from 5.2% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year. New Risk • May 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 130% Cash payout ratio: 429% Earnings have declined by 17% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (€78.3m market cap, or US$91.0m). New Risk • Nov 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.0% Last year net profit margin: 5.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 130% Cash payout ratio: 429% Earnings have declined by 17% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (€81.7m market cap, or US$94.2m). New Risk • Aug 17
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 Dutch stocks, typically moving 5.1% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 115% Earnings have declined by 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change). New Risk • Jul 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €86.0m (US$99.7m) This is considered a minor 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 115% Earnings have declined by 13% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€86.0m market cap, or US$99.7m). Buy Or Sell Opportunity • Jul 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to €107. The fair value is estimated to be €88.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Upcoming Dividend • Jul 07
Upcoming dividend of €6.85 per share Eligible shareholders must have bought the stock before 14 July 2025. Payment date: 25 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.0%. Within top quartile of Dutch dividend payers (5.6%). Higher than average of industry peers (3.0%). New Risk • Jun 02
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 115% Dividend yield: 6.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 115% Earnings have declined by 13% per year over the past 5 years. Declared Dividend • Jun 01
Dividend increased to €6.85 Dividend of €6.85 is 128% higher than last year. Ex-date: 14th July 2025 Payment date: 25th July 2025 Dividend yield will be 6.4%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 3.6% 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 decline by 55% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.6% EPS decline seen over the last 5 years. Reported Earnings • May 30
Full year 2025 earnings released: EPS: €6.85 (vs €6.02 in FY 2024) Full year 2025 results: EPS: €6.85 (up from €6.02 in FY 2024). Revenue: €112.3m (up 8.8% from FY 2024). Net income: €5.89m (up 14% from FY 2024). Profit margin: 5.2% (up from 5.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Earnings have declined by 11% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2024 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 (€78.3m market cap, or US$87.3m). Declared Dividend • May 16
Dividend increased to €6.76 Dividend of €6.76 is 125% higher than last year. Ex-date: 14th July 2025 Payment date: 25th July 2025 Dividend yield will be 7.4%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 3.6% 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 decline by 55% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.9% EPS decline seen over the last 5 years. Duyuru • May 15
Holland Colours N.V. announces Annual dividend, payable on July 25, 2025 Holland Colours N.V. announced Annual dividend of EUR 6.7600 per share payable on July 25, 2025, ex-date on July 14, 2025 and record date on July 15, 2025. Duyuru • Mar 01
Holland Colours N.V. to Report First Half, 2026 Results on Oct 31, 2025 Holland Colours N.V. announced that they will report first half, 2026 results on Oct 31, 2025 Reported Earnings • Nov 04
First half 2025 earnings released: EPS: €4.02 (vs €2.61 in 1H 2024) First half 2025 results: EPS: €4.02 (up from €2.61 in 1H 2024). Revenue: €56.8m (up 8.8% from 1H 2024). Net income: €3.46m (up 54% from 1H 2024). Profit margin: 6.1% (up from 4.3% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 08
Upcoming dividend of €3.01 per share Eligible shareholders must have bought the stock before 15 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Dutch dividend payers (5.5%). In line with average of industry peers (3.1%). Reported Earnings • Jun 05
Full year 2024 earnings released: EPS: €6.02 (vs €6.82 in FY 2023) Full year 2024 results: EPS: €6.02 (down from €6.82 in FY 2023). Revenue: €103.3m (down 7.3% from FY 2023). Net income: €5.18m (down 12% from FY 2023). Profit margin: 5.0% (down from 5.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Declared Dividend • Jun 02
Dividend of €3.01 announced Shareholders will receive a dividend of €3.01. Ex-date: 15th July 2024 Payment date: 26th July 2024 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 4.9% 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 decline by 19% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.7% EPS decline seen over the last 5 years. New Risk • May 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 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 (5.9% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (€85.2m market cap, or US$91.8m). New Risk • Oct 26
New major risk - Revenue and earnings growth Earnings have declined by 0.7% 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 Risk Earnings have declined by 0.7% 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. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (€71.4m market cap, or US$75.2m). Upcoming Dividend • Jul 10
Upcoming dividend of €3.41 per share at 3.1% yield Eligible shareholders must have bought the stock before 17 July 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Dutch dividend payers (7.0%). Lower than average of industry peers (5.5%). New Risk • Jun 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €87.8m (US$96.1m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.3% net profit margin). Market cap is less than US$100m (€87.8m market cap, or US$96.1m). Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: €6.82 (vs €11.83 in FY 2022) Full year 2023 results: EPS: €6.82 (down from €11.83 in FY 2022). Revenue: €111.4m (flat on FY 2022). Net income: €5.87m (down 42% from FY 2022). Profit margin: 5.3% (down from 9.2% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Oct 26
First half 2023 earnings released: EPS: €4.75 (vs €6.99 in 1H 2022) First half 2023 results: EPS: €4.75 (down from €6.99 in 1H 2022). Revenue: €62.9m (up 15% from 1H 2022). Net income: €4.09m (down 32% from 1H 2022). Profit margin: 6.5% (down from 11% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Duyuru • Sep 07
Holland Colours N.V. to Report Fiscal Year 2023 Results on Jun 01, 2023 Holland Colours N.V. announced that they will report fiscal year 2023 results on Jun 01, 2023 Duyuru • May 28
Holland Colours N.V., Annual General Meeting, Jul 13, 2023 Holland Colours N.V., Annual General Meeting, Jul 13, 2023. Reported Earnings • May 26
Full year 2022 earnings released: EPS: €11.83 (vs €11.01 in FY 2021) Full year 2022 results: EPS: €11.83 (up from €11.01 in FY 2021). Revenue: €110.5m (up 15% from FY 2021). Net income: €10.2m (up 7.5% from FY 2021). Profit margin: 9.2% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €152, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 15x in the Chemicals industry in the Netherlands. Total returns to shareholders of 125% over the past three years. Buying Opportunity • Feb 17
Now 22% undervalued Over the last 90 days, the stock is up 4.9%. The fair value is estimated to be €231, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% per annum over the last 3 years. Earnings per share has grown by 19% per annum over the last 3 years. Buying Opportunity • Jan 28
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €225, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% per annum over the last 3 years. Earnings per share has grown by 19% per annum over the last 3 years. Reported Earnings • Oct 25
First half 2022 earnings released: EPS €6.99 (vs €5.20 in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: €54.7m (up 13% from 1H 2021). Net income: €6.02m (up 35% from 1H 2021). Profit margin: 11% (up from 9.2% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 12
Upcoming dividend of €5.50 per share Eligible shareholders must have bought the stock before 19 July 2021. Payment date: 23 July 2021. Trailing yield: 6.2%. Within top quartile of Dutch dividend payers (4.4%). Higher than average of industry peers (2.3%). Reported Earnings • Jun 05
Full year 2021 earnings released: EPS €11.01 (vs €9.12 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €96.0m (down 5.4% from FY 2020). Net income: €9.47m (up 21% from FY 2020). Profit margin: 9.9% (up from 7.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Is New 90 Day High Low • Feb 10
New 90-day high: €119 The company is up 26% from its price of €94.50 on 11 November 2020. The Dutch market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: €113 The company is up 33% from its price of €85.00 on 08 October 2020. The Dutch market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: €105 The company is up 17% from its price of €89.50 on 10 September 2020. The Dutch market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: €98.50 The company is up 16% from its price of €85.00 on 18 August 2020. The Dutch market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 7.0% over the same period. Reported Earnings • Oct 30
First half earnings released Over the last 12 months the company has reported total profits of €7.91m, up 7.0% from the prior year. Total revenue was €97.8m over the last 12 months, largely unchanged from the prior year. Is New 90 Day High Low • Oct 27
New 90-day high: €93.50 The company is up 7.0% from its price of €87.00 on 29 July 2020. The Dutch market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 5.0% over the same period. Is New 90 Day High Low • Sep 26
New 90-day low: €83.00 The company is down 11% from its price of €93.00 on 26 June 2020. The Dutch market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 10.0% over the same period.