Financials Automatic Bank Services Limited

Equities

SHVA

IL0011581613

Business Support Services

Delayed TEL AVIV STOCK EXCHANGE 03:42:18 2024-05-12 am EDT 5-day change 1st Jan Change
1,521 ILa +1.26% Intraday chart for Automatic Bank Services Limited +6.89% -3.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 340 490.8 1,148 574.4 631.6
Enterprise Value (EV) 1 218.5 339.3 979.1 420.2 480.3
P/E ratio 11.6 x 18 x 25.8 x 23.9 x 16.4 x
Yield - 2.38% 3.23% 3.83% 3.96%
Capitalization / Revenue 4.17 x 5.76 x 10.4 x 4.9 x 4.68 x
EV / Revenue 2.68 x 3.98 x 8.87 x 3.58 x 3.56 x
EV / EBITDA 6.08 x 9.07 x 18 x 8.43 x 9.86 x
EV / FCF 9 x 13.5 x 31 x 18 x 36.9 x
FCF Yield 11.1% 7.4% 3.23% 5.55% 2.71%
Price to Book 2.13 x 2.63 x 5.55 x 2.7 x 2.73 x
Nbr of stocks (in thousands) 40,000 40,000 40,000 40,000 40,000
Reference price 2 8.501 12.27 28.69 14.36 15.79
Announcement Date 3/30/20 3/25/21 3/30/22 3/29/23 3/28/24
1ILS in Million2ILS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 69.22 81.59 85.2 110.4 117.3 134.9
EBITDA 1 23.55 35.93 37.42 54.3 49.84 48.69
EBIT 1 20.36 31.78 33.55 50.33 45.83 43.98
Operating Margin 29.42% 38.95% 39.38% 45.59% 39.08% 32.6%
Earnings before Tax (EBT) 1 18.61 38.12 35.28 57.73 34.44 48.66
Net income 1 14.49 29.36 27.12 44.56 24.08 38.22
Net margin 20.94% 35.99% 31.83% 40.36% 20.54% 28.33%
EPS 2 0.3623 0.7300 0.6800 1.110 0.6000 0.9600
Free Cash Flow 1 14.76 24.28 25.11 31.58 23.34 13.01
FCF margin 21.32% 29.75% 29.47% 28.6% 19.9% 9.64%
FCF Conversion (EBITDA) 62.65% 67.56% 67.1% 58.15% 46.83% 26.72%
FCF Conversion (Net income) 101.82% 82.67% 92.57% 70.87% 96.89% 34.05%
Dividend per Share - - 0.2925 0.9258 0.5500 0.6250
Announcement Date 5/27/19 3/30/20 3/25/21 3/30/22 3/29/23 3/28/24
1ILS in Million2ILS
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 98.8 122 152 169 154 151
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 14.8 24.3 25.1 31.6 23.3 13
ROE (net income / shareholders' equity) 6.84% 20.2% 15.7% 22.6% 11.5% 17.2%
ROA (Net income/ Total Assets) 5.59% 11.7% 10.3% 13.7% 11.6% 10.4%
Assets 1 259.4 250.3 264.5 325.8 208.2 367.7
Book Value Per Share 2 3.300 3.990 4.670 5.170 5.310 5.780
Cash Flow per Share 2 0.5300 0.8200 1.230 1.100 0.9500 0.4500
Capex 1 4.24 7.13 4.86 1.72 14.7 16.3
Capex / Sales 6.12% 8.74% 5.71% 1.56% 12.53% 12.05%
Announcement Date 5/27/19 3/30/20 3/25/21 3/30/22 3/29/23 3/28/24
1ILS in Million2ILS
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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