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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 21.7x - 24.0x | 22.9x |
Selected Fwd Ps Multiple | 22.3x - 24.6x | 23.4x |
Fair Value | ₪235.56 - ₪260.36 | ₪247.96 |
Upside | -14.9% - -5.9% | -10.4% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Mishorim Real Estate Investments Ltd | - | TASE:MSHR |
Hagag Group Real Estate Entrepreneurship Ltd | - | TASE:HGG |
Prashkovsky Investments and Construction Ltd. | - | TASE:PRSK |
Zvi Sarfati & Sons Investments & Constructions Ltd. | - | TASE:SRFT |
Polygon Real Estate Ltd | - | TASE:POLY |
I.E.S Holdings Ltd | - | TASE:IES |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
MSHR | HGG | PRSK | SRFT | POLY | IES | |||
TASE:MSHR | TASE:HGG | TASE:PRSK | TASE:SRFT | TASE:POLY | TASE:IES | |||
Historical Sales Growth | ||||||||
5Y CAGR | -8.6% | 27.1% | -9.3% | 30.3% | 9.5% | 7.6% | ||
3Y CAGR | 0.9% | 24.2% | -16.8% | -4.9% | 9.6% | 6.9% | ||
Latest Twelve Months | 3.7% | -24.8% | 71.4% | 37.6% | 4.7% | 14.7% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -3.1% | 38.5% | 32.4% | 14.9% | 58.0% | 346.8% | ||
Prior Fiscal Year | -8.5% | 34.1% | 41.3% | 11.1% | 58.8% | 126.5% | ||
Latest Fiscal Year | -4.8% | 20.0% | 33.7% | 10.7% | 64.3% | 278.8% | ||
Latest Twelve Months | -3.5% | 29.0% | 32.3% | 9.0% | 64.3% | 266.9% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 18.2x | 21.5x | 43.9x | 14.1x | 6.4x | 24.2x | ||
Price / LTM Sales | 0.5x | 2.7x | 3.7x | 1.7x | 8.5x | 25.5x | ||
LTM P/E Ratio | -15.0x | 9.3x | 11.4x | 18.5x | 13.3x | 8.5x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.5x | 2.7x | 8.5x | |||||
Historical LTM P/S Ratio | 27.3x | 28.9x | 35.9x | |||||
Selected Price / Sales Multiple | 21.7x | 22.9x | 24.0x | |||||
(x) LTM Sales | 60 | 60 | 60 | |||||
(=) Equity Value | 1,304 | 1,373 | 1,442 | |||||
(/) Shares Outstanding | 5.5 | 5.5 | 5.5 | |||||
Implied Value Range | 236.20 | 248.64 | 261.07 | |||||
FX Rate: ILS/ILS | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 236.20 | 248.64 | 261.07 | 276.70 | ||||
Upside / (Downside) | -14.6% | -10.1% | -5.6% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | MSHR | HGG | PRSK | SRFT | POLY | IES | |
Value of Common Equity | 238 | 1,256 | 2,512 | 775 | 256 | 1,528 | |
(/) Shares Outstanding | 34.8 | 62.0 | 21.1 | 17.4 | 5.1 | 5.5 | |
Implied Stock Price | 6.85 | 20.24 | 119.30 | 44.57 | 49.77 | 276.70 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 6.85 | 20.24 | 119.30 | 44.57 | 49.77 | 276.70 | |
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 |