Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Holland Colours NV is a Netherlands-based specialty chemicals company specializing in the development, production, and distribution of solid and liquid colorants, masterbatches, and additives. Founded in 1979 in Apeldoorn, it pioneered low- and no-dust colorants like Holcobatch, encapsulated in bio-based carriers for plastics, disrupting traditional pigment use. The company serves global markets in building and construction with color solutions for profiles, pipes, siding, decking, fencing, and insulation; packaging for beverages, dairy, detergents, and pharmaceuticals; and diverse applications including coatings, sealants, adhesives, elastomers, synthetic leather, and non-wovens. Operating four production sites in the Netherlands, Hungary, the United States, and Indonesia, Holland Colours NV employs around 400 people and reaches 2,000 customers in 85 countries through a network of over 100 suppliers, agents, and distributors. As a subsidiary of Holland Pigments BV, it emphasizes sustainability, innovation, and core values of teamwork, courage, passion, and responsibility, coloring over 2 billion kilograms of plastic annually.
Operating margin is thin at 4.19%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 3.0% YoY. Margins deteriorated 2.9pp alongside, both lines moving the wrong way.
Free cash flow declined 162% versus the prior year, cash generation momentum has weakened. ROIC dropped from 9.01% to 5.49%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€109M
▼ -3.0% YoY
Net Income (TTM)
€3M
▼ -40.8% YoY
Op. Margin
4.19%
▼ -2.9pp YoY
ROIC
5.49%
▼ -3.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€3M
▼ -161.9% YoY
Op. Cash Flow (TTM)
-€262K
▼ -103.7% YoY
Net Debt
-€9M
Net Cash Position
Cash & Equiv.
€10M
3Y CAGR: -0.7%
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