Migdal Insurance and Financial Holdings Ltd. (TLV:MGDL) Might Not Be As Mispriced As It Looks
May 14
Israeli (TA) Insurance Industry Analysis
UpdatedMay 16, 2024
DataAggregated Company Financials
Companies10
- 7D0.3%
- 3M5.2%
- 1Y5.8%
- YTD5.6%
Over the last 7 days, the Insurance industry has remained flat. The past year has been better, since the industry has gained 5.9% in that time. As for the next few years, earnings are expected to grow by 24% per annum.
Industry Valuation and Performance
Has the Israeli Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 16 May 2024 | ₪35.6b | ₪125.0b | ₪2.9b | 11.7x | 12.3x | 0.3x |
| Sat, 13 Apr 2024 | ₪35.0b | ₪123.1b | ₪2.7b | 11.3x | 12.7x | 0.3x |
| Mon, 11 Mar 2024 | ₪35.5b | ₪117.0b | ₪2.1b | 12.2x | 17.1x | 0.3x |
| Wed, 07 Feb 2024 | ₪33.9b | ₪117.0b | ₪2.1b | 11.3x | 16.3x | 0.3x |
| Fri, 05 Jan 2024 | ₪33.9b | ₪117.0b | ₪2.1b | 10.9x | 16.4x | 0.3x |
| Sun, 03 Dec 2023 | ₪31.5b | ₪117.0b | ₪2.1b | 10.4x | 15x | 0.3x |
| Tue, 31 Oct 2023 | ₪28.9b | ₪103.0b | ₪1.9b | 10.8x | 15.2x | 0.3x |
| Thu, 28 Sep 2023 | ₪34.0b | ₪103.0b | ₪1.9b | 12.6x | 17.9x | 0.3x |
| Sat, 26 Aug 2023 | ₪32.1b | ₪90.7b | ₪1.7b | 12.6x | 19.3x | 0.4x |
| Mon, 24 Jul 2023 | ₪33.2b | ₪60.3b | ₪989.3m | 12.7x | 33.5x | 0.5x |
| Wed, 21 Jun 2023 | ₪33.3b | ₪60.3b | ₪989.3m | 12.6x | 33.7x | 0.6x |
| Fri, 19 May 2023 | ₪34.0b | ₪53.3b | ₪4.2b | 8.6x | 8.1x | 0.6x |
| Sun, 16 Apr 2023 | ₪29.5b | ₪55.6b | ₪4.4b | 6.8x | 6.7x | 0.5x |
| Tue, 14 Mar 2023 | ₪30.0b | ₪63.3b | ₪4.8b | 7.1x | 6.3x | 0.5x |
| Thu, 09 Feb 2023 | ₪33.1b | ₪63.3b | ₪4.8b | 7.8x | 6.9x | 0.5x |
| Sat, 07 Jan 2023 | ₪31.6b | ₪63.3b | ₪4.8b | 7.1x | 6.6x | 0.5x |
| Mon, 05 Dec 2022 | ₪34.3b | ₪66.6b | ₪4.9b | 9x | 6.9x | 0.5x |
| Wed, 02 Nov 2022 | ₪33.2b | ₪78.6b | ₪5.2b | 8.8x | 6.3x | 0.4x |
| Fri, 30 Sep 2022 | ₪32.0b | ₪78.6b | ₪5.2b | 8.5x | 6.1x | 0.4x |
| Sun, 28 Aug 2022 | ₪38.2b | ₪119.0b | ₪7.9b | 5.3x | 4.8x | 0.3x |
| Tue, 26 Jul 2022 | ₪33.7b | ₪119.0b | ₪7.9b | 4.7x | 4.2x | 0.3x |
| Thu, 23 Jun 2022 | ₪33.4b | ₪119.0b | ₪7.9b | 4.6x | 4.2x | 0.3x |
| Sat, 21 May 2022 | ₪34.1b | ₪138.2b | ₪6.5b | 6x | 5.2x | 0.2x |
| Mon, 18 Apr 2022 | ₪39.6b | ₪138.2b | ₪6.5b | 6.6x | 6.1x | 0.3x |
| Wed, 16 Mar 2022 | ₪36.0b | ₪143.7b | ₪6.4b | 7x | 5.6x | 0.3x |
| Fri, 11 Feb 2022 | ₪37.8b | ₪143.7b | ₪6.4b | 7.4x | 5.9x | 0.3x |
| Sun, 09 Jan 2022 | ₪37.6b | ₪143.7b | ₪6.4b | 7.2x | 5.9x | 0.3x |
| Tue, 07 Dec 2021 | ₪36.6b | ₪143.7b | ₪6.5b | 7.2x | 5.6x | 0.3x |
| Thu, 04 Nov 2021 | ₪38.0b | ₪147.5b | ₪6.3b | 6.9x | 6x | 0.3x |
| Sat, 02 Oct 2021 | ₪34.2b | ₪147.5b | ₪6.3b | 6x | 5.4x | 0.2x |
| Mon, 30 Aug 2021 | ₪33.7b | ₪147.4b | ₪6.3b | 5.9x | 5.4x | 0.2x |
| Tue, 06 Jul 2021 | ₪31.7b | ₪147.4b | ₪6.3b | 6.2x | 5.1x | 0.2x |
Price to Earnings Ratio
5.7x
Current Industry PE
- Investors are optimistic on the Israeli Insurance industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.2x which is higher than its 3-year average PE of 10.3x.
- The industry is trading close to its 3-year average PS ratio of 0.35x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have declined 20% per year over the last three years,
- Revenues have also declined 5.1% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Israeli Financials industry?
| IL Market | -0.18% | |
| Financials | 0.40% | |
| Insurance | 0.29% | |
| General Insurance | 0.32% | |
| Insurance Brokers | 0% | |
| Life and Health Insurance | 0% | |
| Reinsurance | 0% | |
| Property and Casualty Insurance | -2.43% | |
Industry PE
- Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 10.3x.
- Analysts are expecting annual earnings growth of 24.4%, which is higher than its past year's earnings decline of 21.8% per year.
- Investors are most pessimistic about the Property and Casualty Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the General Insurance industry is expected to see its earnings grow by 24% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MMHD Menora Mivtachim Holdings | ₪95.74 | 1.9% +₪107.8m | 12.1% | PE11.5x | |
| MGDL Migdal Insurance and Financial Holdings | ₪4.95 | 1.9% +₪98.0m | 16.5% | PE8.9x | |
| CLIS Clal Insurance Enterprises Holdings | ₪63.95 | 0.7% +₪36.4m | 12.8% | PE23x | |
| IDIN I.D.I. Insurance | ₪116.10 | 0.5% +₪8.8m | 25.3% | PE11.3x | |
| ZUR Zur Shamir Holdings | ₪6.10 | 1.7% +₪6.5m | 1.2% | PE11.8x |
