AZRIELI GROUP LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 24,250 ILa | -0.61% |
|
+0.79% | +1.98% |
| 03-21 | Transcript : Azrieli Group Ltd, 2023 Earnings Call, Mar 21, 2024 | |
| 03-21 | Azrieli Group Ltd Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 30,621 | 24,752 | 36,018 | 28,329 | 28,839 | 29,409 | - | - |
| Enterprise Value (EV) 1 | 39,198 | 33,907 | 48,400 | 41,410 | 28,839 | 52,346 | 56,684 | 61,291 |
| P/E ratio | 14.6 x | 131 x | 12.5 x | 15.8 x | 13 x | 8.05 x | 6.52 x | 5.58 x |
| Yield | 0.98% | 1.82% | 2.22% | 2.47% | - | 2.77% | 2.77% | 2.77% |
| Capitalization / Revenue | 19.4 x | 21.2 x | 23.4 x | 10.5 x | 9.8 x | 13.7 x | 12.2 x | 11.1 x |
| EV / Revenue | 24.9 x | 29 x | 31.4 x | 15.4 x | 9.8 x | 24.4 x | 23.5 x | 23.1 x |
| EV / EBITDA | - | - | - | 25,158,151 x | - | - | - | - |
| EV / FCF | - | - | - | -58,821,473 x | - | - | - | - |
| FCF Yield | - | - | - | -0% | - | - | - | - |
| Price to Book | 1.38 x | 1.15 x | 1.43 x | 1.06 x | - | 1.08 x | 0.96 x | 0.84 x |
| Nbr of stocks (in thousands) | 121,273 | 121,273 | 121,273 | 121,273 | 121,273 | 121,273 | - | - |
| Reference price 2 | 252.5 | 204.1 | 297.0 | 233.6 | 237.8 | 242.5 | 242.5 | 242.5 |
| Announcement Date | 26/03/20 | 25/03/21 | 23/03/22 | 22/03/23 | 21/03/24 | - | - | - |
1ILS in Million2ILS
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,577 | 1,170 | 1,541 | 2,690 | 2,943 | 2,147 | 2,408 | 2,651 |
| EBITDA | - | - | - | 1,646 | - | - | - | - |
| EBIT 1 | 1,403 | 1,005 | 1,355 | 1,630 | 1,716 | 1,805 | 2,064 | 2,306 |
| Operating Margin | 88.97% | 85.9% | 87.93% | 60.59% | 58.31% | 84.08% | 85.73% | 86.98% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | 2,099 | 189 | 2,889 | 1,797 | 2,225 | 3,652 | 4,507 | 5,267 |
| Net margin | 133.1% | 16.15% | 187.48% | 66.8% | 75.6% | 170.09% | 187.19% | 198.63% |
| EPS 2 | 17.31 | 1.560 | 23.82 | 14.82 | 18.35 | 30.11 | 37.17 | 43.43 |
| Free Cash Flow | - | - | - | -704 | - | - | - | - |
| FCF margin | - | - | - | -26.17% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 2.470 | 3.710 | 6.597 | 5.772 | - | 6.728 | 6.728 | 6.728 |
| Announcement Date | 26/03/20 | 25/03/21 | 23/03/22 | 22/03/23 | 21/03/24 | - | - | - |
1ILS in Million2ILS
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 420 | 438 | 444 | 648 | 711 | 708 | 538 | 735 | 779 | 722 | 526.9 | 532.1 | 541.3 | 546.5 | 574.1 |
| EBITDA | - | - | - | - | - | 413 | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 369 | 379 | 382 | 405 | 435 | 408 | 432 | 446 | 457 | 381 | 441.5 | 446.6 | 455.9 | 461.1 | 488.2 |
| Operating Margin | 87.86% | 86.53% | 86.04% | 62.5% | 61.18% | 57.63% | 80.3% | 60.68% | 58.66% | 52.77% | 83.79% | 83.94% | 84.22% | 84.37% | 85.04% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 187 | 2,209 | 336 | 802 | 330 | 329 | 377 | 418 | 352 | 1,078 | 1,178 | 1,051 | 606.6 | 815.6 | 793.7 |
| Net margin | 44.52% | 504.34% | 75.68% | 123.77% | 46.41% | 46.47% | 70.07% | 56.87% | 45.19% | 149.31% | 223.53% | 197.61% | 112.07% | 149.25% | 138.25% |
| EPS 2 | 1.540 | 18.22 | 2.770 | 6.610 | 2.720 | 2.720 | 3.110 | 3.450 | 2.900 | 8.890 | 9.712 | 8.670 | 5.002 | 6.726 | 6.545 |
| Dividend per Share 2 | - | 6.597 | - | - | - | 5.772 | - | - | - | - | - | - | - | 6.728 | - |
| Announcement Date | 24/11/21 | 23/03/22 | 31/05/22 | 17/08/22 | 23/11/22 | 22/03/23 | 24/05/23 | 17/08/23 | 27/11/23 | 21/03/24 | - | - | - | - | - |
1ILS in Million2ILS
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,577 | 9,155 | 12,382 | 13,081 | - | 22,938 | 27,276 | 31,883 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 7.947 x | - | - | - | - |
| Free Cash Flow | - | - | - | -704 | - | - | - | - |
| ROE (net income / shareholders' equity) | 11.8% | 4.56% | 4.98% | 8.39% | - | 5.26% | 5.07% | 4.57% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 183.0 | 178.0 | 208.0 | 221.0 | - | 224.0 | 254.0 | 290.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | 2,064 | - | - | - | - |
| Capex / Sales | - | - | - | 76.73% | - | - | - | - |
| Announcement Date | 26/03/20 | 25/03/21 | 23/03/22 | 22/03/23 | 21/03/24 | - | - | - |
1ILS in Million2ILS
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
242.5
ILS
Average target price
302
ILS
Spread / Average Target
+24.54%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +1.98% | 7.71B | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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- Financials Azrieli Group Ltd
