Company Valuation: Azrieli Group Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 36,018 28,329 28,839 36,491 43,719 56,671 - -
Change - -21.35% 1.8% 26.53% 19.81% 29.63% - -
Enterprise Value (EV) 1 48,400 41,410 46,673 57,752 72,265 87,344 89,161 89,947
Change - -14.44% 12.71% 23.74% 25.13% 20.87% 2.08% 0.88%
P/E ratio 12.5x 15.8x 13x 24.7x 23.2x 11.9x 11.6x 11.9x
PBR 1.43x 1.06x 1.02x 1.25x 1.62x 1.89x 1.69x 1.53x
PEG - -0.4x 0.5x -0.7x 0.8x 0x 3.63x -3.86x
Capitalization / Revenue 23.4x 10.5x 9.8x 11.1x 11.7x 18.2x 16.5x 13.6x
EV / Revenue 31.4x 15.4x 15.9x 17.6x 19.3x 28.1x 25.9x 21.6x
EV / EBITDA - - - - - - - -
EV / EBIT 35.7x 25.4x 27.2x 29.4x 34.7x 36.6x 32.9x 26.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 6.597 5.772 8.25 6.6 7.01 10.18 11.03 13.55
Rate of return 2.22% 2.47% 3.47% 2.19% 1.94% 2.18% 2.36% 2.9%
EPS 2 23.82 14.82 18.35 12.17 15.56 39.19 40.44 39.2
Distribution rate 27.7% 38.9% 45% 54.2% 45.1% 26% 27.3% 34.6%
Net sales 1 1,541 2,690 2,943 3,281 3,750 3,109 3,442 4,166
EBITDA - 1,646 - - - - - -
EBIT 1 1,355 1,630 1,716 1,964 2,084 2,387 2,713 3,431
Net income 1 2,889 1,797 2,225 1,477 1,889 4,773 4,908 4,882
Net Debt 1 12,382 13,081 17,834 21,261 28,546 30,673 32,490 33,276
Reference price 2 297.00 233.60 237.80 300.90 360.50 467.30 467.30 467.30
Nbr of stocks (in thousands) 121,273 121,273 121,273 121,273 121,273 121,273 - -
Announcement Date 23/03/22 22/03/23 21/03/24 20/03/25 19/03/26 - - -
1ILS in Million2ILS
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.95x28.14x - 2.17% 19.46B
18.25x5.41x14.99x2.74% 52.78B
9.49x1.57x7.86x3.74% 34.31B
22.7x4.42x18.54x1.12% 31.45B
6.52x0.76x1.29x8.58% 28.06B
15.53x3.18x15.72x2.25% 26.37B
18.35x7.28x20.66x1.03% 24.63B
12.48x1.84x15.63x3.02% 23.08B
10.5x2.55x8.77x3.54% 22.91B
21.15x7.66x24.1x3.73% 20.95B
Average 14.69x 6.28x 14.17x 3.19% 28.4B
Weighted average by Cap. 14.97x 5.53x 13.87x 3.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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