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 EBIT Multiple | 23.5x - 25.9x | 24.7x |
| Selected Fwd EBIT Multiple | 25.0x - 27.6x | 26.3x |
| Fair Value | ₪267.50 - ₪286.25 | ₪276.87 |
| Upside | -9.0% - -2.6% | -5.8% |
| Benchmarks | Ticker | Full Ticker |
| Mishorim Real Estate Investments Ltd | MSHR | TASE:MSHR |
| Hagag Group Real Estate Entrepreneurship Ltd | HGG | TASE:HGG |
| Prashkovsky Investments and Construction Ltd. | PRSK | TASE:PRSK |
| Zvi Sarfati & Sons Investments & Constructions Ltd. | SRFT | TASE:SRFT |
| Polygon Real Estate Ltd | POLY | TASE:POLY |
| I.E.S Holdings Ltd | IES | TASE:IES |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| MSHR | HGG | PRSK | SRFT | POLY | IES | ||
| TASE:MSHR | TASE:HGG | TASE:PRSK | TASE:SRFT | TASE:POLY | TASE:IES | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -16.8% | 35.6% | -12.3% | 27.6% | 14.9% | 9.8% | |
| 3Y CAGR | -19.7% | 17.4% | -25.4% | -18.9% | 26.8% | 11.3% | |
| Latest Twelve Months | -0.6% | -28.5% | 22.9% | 18.8% | 44.4% | 6.6% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 11.6% | 31.9% | 25.8% | 26.2% | 55.2% | 68.8% | |
| Prior Fiscal Year | 10.1% | 32.8% | 30.4% | 22.0% | 51.3% | 70.3% | |
| Latest Fiscal Year | 8.1% | 27.0% | 18.5% | 21.5% | 70.8% | 70.4% | |
| Latest Twelve Months | 9.1% | 32.0% | 18.1% | 19.4% | 70.8% | 70.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 3.98x | 7.15x | 8.64x | 2.78x | 5.61x | 19.76x | |
| EV / LTM EBITDA | 18.3x | 21.8x | 45.1x | 14.2x | 6.3x | 28.0x | |
| EV / LTM EBIT | 43.6x | 22.3x | 47.7x | 14.3x | 7.9x | 28.1x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 7.9x | 22.3x | 47.7x | ||||
| Historical EV / LTM EBIT | 26.2x | 33.1x | 47.5x | ||||
| Selected EV / LTM EBIT | 23.5x | 24.7x | 25.9x | ||||
| (x) LTM EBIT | 40 | 40 | 40 | ||||
| (=) Implied Enterprise Value | 943 | 993 | 1,043 | ||||
| (-) Non-shareholder Claims * | 493 | 493 | 493 | ||||
| (=) Equity Value | 1,436 | 1,486 | 1,536 | ||||
| (/) Shares Outstanding | 5.5 | 5.5 | 5.5 | ||||
| Implied Value Range | 260.14 | 269.13 | 278.12 | ||||
| FX Rate: ILS/ILS | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 260.14 | 269.13 | 278.12 | 293.80 | |||
| Upside / (Downside) | -11.5% | -8.4% | -5.3% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | MSHR | HGG | PRSK | SRFT | POLY | IES | |
| Enterprise Value | 1,806 | 3,335 | 5,877 | 1,296 | 168 | 1,129 | |
| (+) Cash & Short Term Investments | 269 | 279 | 52 | 56 | 86 | 495 | |
| (+) Investments & Other | 19 | 540 | 22 | 105 | 0 | 0 | |
| (-) Debt | (1,566) | (2,655) | (3,275) | (678) | 0 | (2) | |
| (-) Other Liabilities | (279) | (201) | 0 | 0 | 0 | (0) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 248 | 1,299 | 2,676 | 779 | 254 | 1,622 | |
| (/) Shares Outstanding | 34.8 | 62.0 | 21.1 | 17.4 | 5.1 | 5.5 | |
| Implied Stock Price | 7.12 | 20.94 | 127.10 | 44.79 | 49.44 | 293.80 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 7.12 | 20.94 | 127.10 | 44.79 | 49.44 | 293.80 | |
| Trading Currency | ILS | ILS | ILS | ILS | ILS | ILS | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |