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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 9.2x - 10.2x | 9.7x |
Selected Fwd P/E Multiple | 4.0x - 4.4x | 4.2x |
Fair Value | ₪14.27 - ₪15.77 | ₪15.02 |
Upside | 11.4% - 23.1% | 17.2% |
Benchmarks | - | Full Ticker |
Zvi Sarfati & Sons Investments & Constructions Ltd. | - | TASE:SRFT |
Y.H. Dimri Construction & Development Ltd | - | TASE:DIMRI |
Aura Investments Ltd. | - | TASE:AURA |
Mordechai Aviv Taasiot Beniyah (1973) Ltd. | - | TASE:AVIV |
Hiron-Trade Investments & Industrial Buildings Ltd | - | TASE:HRON |
Maslavi Construction Company Ltd | - | TASE:MSLA |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
SRFT | DIMRI | AURA | AVIV | HRON | MSLA | |||
TASE:SRFT | TASE:DIMRI | TASE:AURA | TASE:AVIV | TASE:HRON | TASE:MSLA | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 30.4% | 31.0% | 152.5% | 21.0% | 3.4% | 31.8% | ||
3Y CAGR | -27.9% | 13.5% | 46.9% | 75.3% | -13.1% | 16.6% | ||
Latest Twelve Months | 55.8% | 112.5% | 206.0% | 44.0% | 23.2% | 87.2% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 14.6% | 20.2% | 12.3% | 6.5% | 70.2% | 10.3% | ||
Prior Fiscal Year | 11.1% | 18.3% | 11.3% | 8.3% | 57.1% | 9.0% | ||
Latest Fiscal Year | 10.7% | 26.5% | 23.7% | 9.0% | 66.4% | 11.9% | ||
Latest Twelve Months | 10.7% | 26.5% | 23.7% | 9.0% | 66.4% | 11.9% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 11.4x | 15.5x | 25.9x | 16.4x | 14.2x | 13.0x | ||
Price / LTM Sales | 1.5x | 3.2x | 3.4x | 0.7x | 7.5x | 0.9x | ||
LTM P/E Ratio | 13.8x | 12.1x | 14.2x | 7.7x | 11.3x | 7.8x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 7.7x | 12.1x | 14.2x | |||||
Historical LTM P/E Ratio | 7.8x | 12.8x | 15.9x | |||||
Selected P/E Multiple | 9.2x | 9.7x | 10.2x | |||||
(x) LTM Net Income | 37 | 37 | 37 | |||||
(=) Equity Value | 344 | 362 | 380 | |||||
(/) Shares Outstanding | 22.6 | 22.6 | 22.6 | |||||
Implied Value Range | 15.23 | 16.03 | 16.83 | |||||
FX Rate: ILS/ILS | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 15.23 | 16.03 | 16.83 | 12.81 | ||||
Upside / (Downside) | 18.9% | 25.1% | 31.4% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | SRFT | DIMRI | AURA | AVIV | HRON | MSLA | |
Value of Common Equity | 722 | 6,316 | 5,176 | 260 | 980 | 289 | |
(/) Shares Outstanding | 17.4 | 20.5 | 280.6 | 13.2 | 0.5 | 22.6 | |
Implied Stock Price | 41.52 | 307.40 | 18.45 | 19.59 | 2,158.20 | 12.81 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 41.52 | 307.40 | 18.45 | 19.59 | 2,158.20 | 12.81 | |
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 |