Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 9.9x - 11.0x | 10.5x |
| Selected Fwd EBITDA Multiple | 7.2x - 7.9x | 7.5x |
| Fair Value | ₪7.27 - ₪7.69 | ₪7.48 |
| Upside | -2.9% - 2.6% | -0.1% |
| Benchmarks | Ticker | Full Ticker |
| Inversiones Unespa S.A. | UNESPA | SNSE:UNESPA |
| Israel Canada (T.R) Ltd | ISCN | TASE:ISCN |
| Dream Unlimited Corp. | DRM | TSX:DRM |
| City Developments Limited | CDEV.F | OTCPK:CDEV.F |
| Inovest B.S.C. | INOVEST | BAX:INOVEST |
| Buligo Capital Ltd | BLGO | TASE:BLGO |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| UNESPA | ISCN | DRM | CDEV.F | INOVEST | BLGO | ||
| SNSE:UNESPA | TASE:ISCN | TSX:DRM | OTCPK:CDEV.F | BAX:INOVEST | TASE:BLGO | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 9.7% | 0.4% | -14.9% | -3.7% | NM- | 1.3% | |
| 3Y CAGR | -7.0% | -10.2% | 39.5% | 16.1% | NM- | -27.9% | |
| Latest Twelve Months | 18.4% | -9.5% | -24.8% | -8.2% | -553.5% | -49.0% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 86.9% | 25.9% | 17.5% | 14.0% | 54.0% | 62.7% | |
| Prior Fiscal Year | 87.0% | 19.0% | 16.1% | 17.9% | 33.4% | 57.9% | |
| Latest Fiscal Year | 86.1% | 17.1% | 22.1% | 20.2% | 460.9% | 48.5% | |
| Latest Twelve Months | 86.4% | 18.3% | 19.3% | 20.2% | 316.6% | 35.3% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 7.85x | 19.47x | 4.89x | 4.55x | -1.25x | 4.37x | |
| EV / LTM EBITDA | 9.1x | 106.5x | 25.4x | 22.6x | -0.4x | 12.4x | |
| EV / LTM EBIT | 9.1x | 212.9x | 27.2x | 35.4x | -0.4x | 13.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -0.4x | 22.6x | 106.5x | ||||
| Historical EV / LTM EBITDA | 5.0x | 5.6x | 6.2x | ||||
| Selected EV / LTM EBITDA | 9.9x | 10.5x | 11.0x | ||||
| (x) LTM EBITDA | 6 | 6 | 6 | ||||
| (=) Implied Enterprise Value | 55 | 58 | 61 | ||||
| (-) Non-shareholder Claims * | 56 | 56 | 56 | ||||
| (=) Equity Value | 111 | 114 | 116 | ||||
| (/) Shares Outstanding | 56.0 | 56.0 | 56.0 | ||||
| Implied Value Range | 1.97 | 2.03 | 2.08 | ||||
| FX Rate: USD/ILS | 0.3 | 0.3 | 0.3 | Market Price | |||
| Implied Value Range (Trading Cur) | 6.64 | 6.81 | 6.99 | 7.49 | |||
| Upside / (Downside) | -11.4% | -9.0% | -6.7% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | UNESPA | ISCN | DRM | CDEV.F | INOVEST | BLGO | |
| Enterprise Value | 7,248 | 10,188 | 2,059 | 13,434 | 3 | 69 | |
| (+) Cash & Short Term Investments | 472 | 492 | 77 | 1,957 | 11 | 18 | |
| (+) Investments & Other | 0 | 1,358 | 658 | 2,907 | 103 | 38 | |
| (-) Debt | 0 | (6,537) | (1,929) | (13,390) | (0) | (1) | |
| (-) Other Liabilities | 0 | (967) | 0 | (683) | (26) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | (260) | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 7,720 | 4,533 | 865 | 3,964 | 91 | 125 | |
| (/) Shares Outstanding | 20.0 | 330.9 | 42.2 | 893.4 | 177.3 | 56.0 | |
| Implied Stock Price | 386.00 | 13.70 | 20.50 | 4.44 | 0.52 | 2.23 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.29 | 1.00 | 0.30 | |
| Implied Stock Price (Trading Cur) | 386.00 | 13.70 | 20.50 | 3.45 | 0.52 | 7.49 | |
| Trading Currency | CLP | ILS | CAD | USD | USD | ILS | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.29 | 1.00 | 0.30 | |