Financials Summit Real Estate Holdings Ltd

Equities

SMT

IL0010816861

Real Estate Development & Operations

Market Closed - TEL AVIV STOCK EXCHANGE 15:24:21 09/05/2024 BST 5-day change 1st Jan Change
4,640 ILa +0.69% Intraday chart for Summit Real Estate Holdings Ltd +1.62% -14.07%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,912 2,866 3,319 4,541 3,077 3,737
Enterprise Value (EV) 1 5,435 5,377 6,342 6,375 6,499 7,233
P/E ratio 3.16 x 8.48 x 8.88 x 11.4 x 9.18 x -18.9 x
Yield 0.36% - - 0.26% 0.76% 0.38%
Capitalization / Revenue 4.36 x 5.56 x 7.5 x 10.3 x 3.95 x 3.95 x
EV / Revenue 12.4 x 10.4 x 14.3 x 14.4 x 8.34 x 7.65 x
EV / EBITDA 20.9 x 16 x 20.4 x 22 x 16.4 x 15.6 x
EV / FCF 228 x 27.8 x 83.3 x -7.84 x -10 x 199 x
FCF Yield 0.44% 3.6% 1.2% -12.7% -9.98% 0.5%
Price to Book 0.78 x 1.01 x 0.91 x 1.2 x 0.69 x 0.85 x
Nbr of stocks (in thousands) 62,127 62,131 69,306 69,306 69,306 69,210
Reference price 2 30.78 46.13 47.89 65.52 44.40 54.00
Announcement Date 31/03/19 31/03/20 31/03/21 31/03/22 30/03/23 31/03/24
1ILS in Million2ILS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 438.5 515.5 442.7 443 779.5 945.2
EBITDA 1 259.8 335.4 311.1 289.1 395.5 462.6
EBIT 1 256.1 328.7 305 283.8 390.3 454.6
Operating Margin 58.4% 63.76% 68.89% 64.07% 50.07% 48.09%
Earnings before Tax (EBT) 1 1,538 747.7 502.5 661.8 729.1 -267.2
Net income 1 639.8 357.9 372.5 397.8 335.4 -197.2
Net margin 145.9% 69.42% 84.14% 89.79% 43.03% -20.86%
EPS 2 9.746 5.440 5.390 5.730 4.839 -2.850
Free Cash Flow 1 23.89 193.4 76.17 -812.6 -648.3 36.32
FCF margin 5.45% 37.51% 17.21% -183.44% -83.17% 3.84%
FCF Conversion (EBITDA) 9.19% 57.65% 24.49% - - 7.85%
FCF Conversion (Net income) 3.73% 54.04% 20.45% - - -
Dividend per Share 2 0.1100 - - 0.1693 0.3384 0.2029
Announcement Date 31/03/19 31/03/20 31/03/21 31/03/22 30/03/23 31/03/24
1ILS in Million2ILS
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,523 2,511 3,023 1,834 3,422 3,496
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 13.56 x 7.484 x 9.717 x 6.342 x 8.65 x 7.558 x
Free Cash Flow 1 23.9 193 76.2 -813 -648 36.3
ROE (net income / shareholders' equity) 36.7% 14.3% 10.4% 12.8% 10.8% -5.46%
ROA (Net income/ Total Assets) 2.12% 2.33% 2.22% 2.11% 2.54% 2.64%
Assets 1 30,116 15,377 16,752 18,882 13,184 -7,469
Book Value Per Share 2 39.70 45.80 52.40 54.40 64.10 63.30
Cash Flow per Share 2 7.670 18.10 9.500 21.70 16.30 16.60
Capex 1 151 3.32 0.76 1,021 793 48.6
Capex / Sales 34.5% 0.64% 0.17% 230.51% 101.71% 5.14%
Announcement Date 31/03/19 31/03/20 31/03/21 31/03/22 30/03/23 31/03/24
1ILS in Million2ILS
Estimates
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