MENORA MIVTACHIM HOLDINGS LTD |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,352 ILa | -1.36% |
|
+3.10% | +0.21% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,515 | 3,195 | 3,806 | 4,658 | 4,336 | 5,905 |
| Enterprise Value (EV) 1 | 2,146 | 2,680 | 1,911 | 1,980 | 3,879 | 6,215 |
| P/E ratio | 7.66 x | 9.55 x | 5.93 x | 6.8 x | 8.04 x | 11.5 x |
| Yield | 1.99% | 1.56% | 2.63% | - | 3.54% | 4.33% |
| Capitalization / Revenue | 0.3 x | 0.27 x | 0.4 x | 0.36 x | 0.74 x | 0.47 x |
| EV / Revenue | 0.25 x | 0.22 x | 0.2 x | 0.15 x | 0.67 x | 0.5 x |
| EV / EBITDA | 3.2 x | 4.27 x | 1.68 x | 1.7 x | 4.6 x | 6.53 x |
| EV / FCF | -2.29 x | -3.67 x | -2.14 x | 4.63 x | 1.03 x | 40.1 x |
| FCF Yield | -43.8% | -27.3% | -46.7% | 21.6% | 97.2% | 2.49% |
| Price to Book | 0.67 x | 0.76 x | 0.79 x | 0.84 x | 0.72 x | 0.9 x |
| Nbr of stocks (in thousands) | 63,272 | 63,272 | 63,272 | 63,272 | 63,272 | 63,272 |
| Reference price 2 | 39.75 | 50.49 | 60.15 | 73.62 | 68.53 | 93.32 |
| Announcement Date | 3/26/19 | 3/30/20 | 3/25/21 | 3/28/22 | 3/29/23 | 3/31/24 |
1ILS in Million2ILS
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 8,441 | 12,009 | 9,558 | 12,943 | 5,827 | 12,450 |
| EBITDA 1 | 671.1 | 627.8 | 1,135 | 1,161 | 843.4 | 951.7 |
| EBIT 1 | 607.2 | 541.6 | 1,046 | 1,059 | 745.2 | 871.3 |
| Operating Margin | 7.19% | 4.51% | 10.94% | 8.18% | 12.79% | 7% |
| Earnings before Tax (EBT) 1 | 495.9 | 501 | 941.4 | 1,011 | 759 | 789.6 |
| Net income 1 | 328.1 | 334.5 | 642.4 | 685.3 | 533.8 | 514.4 |
| Net margin | 3.89% | 2.79% | 6.72% | 5.3% | 9.16% | 4.13% |
| EPS 2 | 5.186 | 5.287 | 10.15 | 10.83 | 8.528 | 8.080 |
| Free Cash Flow 1 | -939.2 | -730.9 | -892.7 | 427.6 | 3,770 | 155 |
| FCF margin | -11.13% | -6.09% | -9.34% | 3.3% | 64.7% | 1.25% |
| FCF Conversion (EBITDA) | - | - | - | 36.82% | 446.98% | 16.29% |
| FCF Conversion (Net income) | - | - | - | 62.39% | 706.28% | 30.14% |
| Dividend per Share 2 | 0.7900 | 0.7900 | 1.580 | - | 2.424 | 4.037 |
| Announcement Date | 3/26/19 | 3/30/20 | 3/25/21 | 3/28/22 | 3/29/23 | 3/31/24 |
1ILS in Million2ILS
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 311 |
| Net Cash position 1 | 369 | 514 | 1,894 | 2,678 | 457 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0.3266 x |
| Free Cash Flow 1 | -939 | -731 | -893 | 428 | 3,770 | 155 |
| ROE (net income / shareholders' equity) | 8.97% | 8.5% | 14.2% | 13.3% | 9.35% | 8.48% |
| ROA (Net income/ Total Assets) | 0.72% | 0.59% | 1.07% | 1.03% | 0.69% | 0.79% |
| Assets 1 | 45,696 | 56,346 | 59,899 | 66,642 | 77,026 | 64,996 |
| Book Value Per Share 2 | 59.20 | 66.10 | 76.60 | 87.60 | 95.00 | 104.0 |
| Cash Flow per Share 2 | 34.40 | 41.70 | 64.10 | 71.10 | 62.60 | 55.00 |
| Capex 1 | 84.9 | 42.8 | 38.4 | 57.8 | 30.4 | 26.6 |
| Capex / Sales | 1.01% | 0.36% | 0.4% | 0.45% | 0.52% | 0.21% |
| Announcement Date | 3/26/19 | 3/30/20 | 3/25/21 | 3/28/22 | 3/29/23 | 3/31/24 |
1ILS in Million2ILS
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +0.21% | 1.55B | |
| +12.76% | 103B | |
| +8.49% | 101B | |
| +3.98% | 72.63B | |
| +26.76% | 30.13B | |
| +8.43% | 19.39B | |
| -1.55% | 12.65B | |
| +11.02% | 11.33B | |
| +14.33% | 11.05B | |
| +16.51% | 9.8B |
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