Buy Or Sell Opportunity • Jul 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.3% to ₪17.46. The fair value is estimated to be ₪14.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 24
First quarter 2026 earnings released: EPS: ₪0.30 (vs ₪0.24 in 1Q 2025) First quarter 2026 results: EPS: ₪0.30 (up from ₪0.24 in 1Q 2025). Revenue: ₪3.03b (up 12% from 1Q 2025). Net income: ₪321.0m (up 27% from 1Q 2025). Profit margin: 11% (up from 9.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪18.88, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 10x in the Insurance industry in Israel. Total returns to shareholders of 413% over the past three years. Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: ₪1.73 (vs ₪0.58 in FY 2024) Full year 2025 results: EPS: ₪1.73 (up from ₪0.58 in FY 2024). Revenue: ₪12.3b (down 64% from FY 2024). Net income: ₪1.83b (up 201% from FY 2024). Profit margin: 15% (up from 1.8% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Mar 27
New major risk - Revenue and earnings growth Earnings have declined by 4.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin). New Risk • Mar 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin). Announcement • Feb 25
Migdal Insurance and Financial Holdings Ltd. to Report Q4, 2025 Results on Mar 25, 2026 Migdal Insurance and Financial Holdings Ltd. announced that they will report Q4, 2025 results on Mar 25, 2026 Announcement • Jan 12
Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) acquired an additional 2.71% stake in Duniec Bros. Ltd (TASE:DUNI) for ILS 56 million. Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) acquired an additional 2.71% stake in Duniec Bros. Ltd (TASE:DUNI) for ILS 56 million on January 7, 2026. Before completion, Migdal Insurance and Financial Holdings Ltd. held 5.75% stake in Duniec Bros. Ltd. After completion, Migdal Insurance and Financial Holdings Ltd. now holds 8.46% stake in Duniec Bros. Ltd
Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) completed the acquisition of an additional 2.71% stake in Duniec Bros. Ltd (TASE:DUNI) on January 7, 2026. B New Risk • Jan 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.1% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Announcement • Nov 05
Migdal Insurance and Financial Holdings Ltd. to Report Q3, 2025 Results on Nov 26, 2025 Migdal Insurance and Financial Holdings Ltd. announced that they will report Q3, 2025 results at 9:46 AM, Israel Standard Time on Nov 26, 2025 Buy Or Sell Opportunity • Oct 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.7% to ₪11.11. The fair value is estimated to be ₪9.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 9.2%. Buy Or Sell Opportunity • Sep 30
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to ₪11.49. The fair value is estimated to be ₪9.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 9.2%. Announcement • Sep 18
Migdal Insurance and Financial Holdings Ltd., Annual General Meeting, Oct 23, 2025 Migdal Insurance and Financial Holdings Ltd., Annual General Meeting, Oct 23, 2025. Location: co. offices, Israel Announcement • Sep 11
Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) acquired 5.5% stake in Ashot Ashkelon Industries Ltd. (TASE:ASHO) for ILS 95 million. Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) acquired 5.5% stake in Ashot Ashkelon Industries Ltd. (TASE:ASHO) for ILS 95 million on September 8, 2025. As part of acquisition, 1,310,345 shares were acquired at ILS 72.50 per share.
Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) completed the acquisition of 5.5% stake in Ashot Ashkelon Industries Ltd. (TASE:ASHO) on September 8, 2025. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: ₪0.54 (vs ₪0.43 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.54 (up from ₪0.43 in 2Q 2024). Revenue: ₪2.96b (down 44% from 2Q 2024). Net income: ₪571.0m (up 24% from 2Q 2024). Profit margin: 19% (up from 8.7% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Aug 21
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 67% to ₪11.90. The fair value is estimated to be ₪9.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 19%. Announcement • Aug 12
Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) acquired 3.96% stake in SofWave Medical Ltd. (TASE:SOFW) for ILS 37.6 million. Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) acquired 3.96% stake in SofWave Medical Ltd. (TASE:SOFW) for ILS 37.6 million on August 7, 2025. A cash consideration valued at ILS 27.12 per share will be paid by Migdal Insurance.
Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) completed the acquisition of 3.96% stake in SofWave Medical Ltd. (TASE:SOFW) on August 7, 2025. Announcement • Jul 29
Migdal Insurance and Financial Holdings Ltd. to Report Q2, 2025 Results on Aug 21, 2025 Migdal Insurance and Financial Holdings Ltd. announced that they will report Q2, 2025 results on Aug 21, 2025 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₪9.47, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 13x in the Insurance industry in Israel. Total returns to shareholders of 88% over the past three years. Buy Or Sell Opportunity • Jun 04
Now 20% undervalued Over the last 90 days, the stock has risen 1.7% to ₪7.66. The fair value is estimated to be ₪9.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 16%. Reported Earnings • Jun 02
First quarter 2025 earnings released: EPS: ₪0.24 (vs ₪0.10 in 1Q 2024) First quarter 2025 results: EPS: ₪0.24 (up from ₪0.10 in 1Q 2024). Revenue: ₪2.48b (down 75% from 1Q 2024). Net income: ₪253.0m (up 167% from 1Q 2024). Profit margin: 10% (up from 0.9% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • May 06
Migdal Insurance and Financial Holdings Ltd. to Report Q1, 2025 Results on May 29, 2025 Migdal Insurance and Financial Holdings Ltd. announced that they will report Q1, 2025 results on May 29, 2025 Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₪0.58 (vs ₪0.56 in FY 2023) Full year 2024 results: EPS: ₪0.58 (up from ₪0.56 in FY 2023). Revenue: ₪33.7b (up 19% from FY 2023). Net income: ₪608.2m (up 3.6% from FY 2023). Profit margin: 1.8% (down from 2.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Feb 19
Migdal Insurance and Financial Holdings Ltd. to Report Q4, 2024 Results on Mar 19, 2025 Migdal Insurance and Financial Holdings Ltd. announced that they will report Q4, 2024 results on Mar 19, 2025 Upcoming Dividend • Dec 08
Upcoming dividend of ₪0.028 per share Eligible shareholders must have bought the stock before 15 December 2024. Payment date: 23 December 2024. Payout ratio is a comfortable 2.5% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Israeli dividend payers (5.9%). Lower than average of industry peers (4.0%). Declared Dividend • Nov 24
Dividend increased to ₪0.028 Dividend of ₪0.028 is 20% higher than last year. Ex-date: 15th December 2024 Payment date: 23rd December 2024 Dividend yield will be 0.8%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 1%. Reported Earnings • Nov 23
Third quarter 2024 earnings released: EPS: ₪0.02 (vs ₪0.22 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.02 (down from ₪0.22 in 3Q 2023). Revenue: ₪9.91b (up 75% from 3Q 2023). Net income: ₪20.3m (down 91% from 3Q 2023). Profit margin: 0.2% (down from 4.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Nov 05
Migdal Insurance and Financial Holdings Ltd. to Report Q3, 2024 Results on Nov 21, 2024 Migdal Insurance and Financial Holdings Ltd. announced that they will report Q3, 2024 results on Nov 21, 2024 Announcement • Oct 17
Migdal Insurance and Financial Holdings Ltd., Annual General Meeting, Nov 05, 2024 Migdal Insurance and Financial Holdings Ltd., Annual General Meeting, Nov 05, 2024. Location: co. offices, Israel Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: ₪0.43 (vs ₪0.17 loss in 2Q 2023) Second quarter 2024 results: EPS: ₪0.43 (up from ₪0.17 loss in 2Q 2023). Revenue: ₪5.30b (down 40% from 2Q 2023). Net income: ₪459.9m (up ₪630.9m from 2Q 2023). Profit margin: 8.7% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Aug 05
Migdal Insurance and Financial Holdings Ltd. to Report Q2, 2024 Results on Aug 19, 2024 Migdal Insurance and Financial Holdings Ltd. announced that they will report Q2, 2024 results on Aug 19, 2024 Upcoming Dividend • Jun 11
Upcoming dividend of ₪0.024 per share Eligible shareholders must have bought the stock before 18 June 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Israeli dividend payers (7.4%). Lower than average of industry peers (4.2%). Reported Earnings • May 29
First quarter 2024 earnings released: EPS: ₪0.10 (vs ₪0.09 in 1Q 2023) First quarter 2024 results: EPS: ₪0.10 (up from ₪0.09 in 1Q 2023). Revenue: ₪10.0b (up 57% from 1Q 2023). Net income: ₪94.9m (up 4.3% from 1Q 2023). Profit margin: 0.9% (down from 1.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • May 22
Migdal Insurance and Financial Holdings Ltd. to Report Q1, 2024 Results on May 26, 2024 Migdal Insurance and Financial Holdings Ltd. announced that they will report Q1, 2024 results on May 26, 2024 Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₪0.56 (vs ₪0.71 in FY 2022) Full year 2023 results: EPS: ₪0.56 (down from ₪0.71 in FY 2022). Revenue: ₪28.5b (up 362% from FY 2022). Net income: ₪587.2m (down 22% from FY 2022). Profit margin: 2.1% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Mar 12
Migdal Insurance and Financial Holdings Ltd. to Report Q4, 2023 Results on Mar 21, 2024 Migdal Insurance and Financial Holdings Ltd. announced that they will report Q4, 2023 results on Mar 21, 2024 Announcement • Feb 23
Migdal Insurance and Financial Holdings Ltd., Annual General Meeting, Mar 14, 2024 Migdal Insurance and Financial Holdings Ltd., Annual General Meeting, Mar 14, 2024, at 12:00 Israel Standard Time. Upcoming Dividend • Dec 11
Upcoming dividend of ₪0.024 per share at 0.6% yield Eligible shareholders must have bought the stock before 18 December 2023. Payment date: 25 December 2023. Payout ratio is a comfortable 7.7% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Israeli dividend payers (7.4%). Lower than average of industry peers (3.6%). Reported Earnings • Nov 25
Third quarter 2023 earnings released: EPS: ₪0.22 (vs ₪0.20 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.22 (up from ₪0.20 in 3Q 2022). Revenue: ₪5.67b (up 349% from 3Q 2022). Net income: ₪224.2m (up 6.9% from 3Q 2022). Profit margin: 4.0% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Nov 13
Migdal Insurance and Financial Holdings Ltd. to Report Q3, 2023 Results on Nov 23, 2023 Migdal Insurance and Financial Holdings Ltd. announced that they will report Q3, 2023 results on Nov 23, 2023 Announcement • Sep 14
Shutfut Huv Alternativi Lo Sahir - Phoenix Amitim and Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) acquired around 20% stake in Holmes Place International Ltd (TASE:HLMS) from The Green Lantern Fund for ILS 93 million. Shutfut Huv Alternativi Lo Sahir - Phoenix Amitim and Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) acquired around 20% stake in Holmes Place International Ltd (TASE:HLMS) from The Green Lantern Fund for ILS 93 million on September 12, 2023. Green Lantern Fund managed by Richie Hunter. Hunter will remain chairman of Holmes Place and the foundation will retain only 1% of its shares in the company.
Shutfut Huv Alternativi Lo Sahir - Phoenix Amitim and Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) completed the acquisition of around 20% stake in Holmes Place International Ltd (TASE:HLMS) from The Green Lantern Fund on September 12, 2023. Reported Earnings • Aug 23
Second quarter 2023 earnings released: ₪0.17 loss per share (vs ₪0.63 loss in 2Q 2022) Second quarter 2023 results: ₪0.17 loss per share (improved from ₪0.63 loss in 2Q 2022). Net loss: ₪171.0m (loss narrowed 74% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: ₪0.09 (vs ₪0.89 in 1Q 2022) First quarter 2023 results: EPS: ₪0.09 (down from ₪0.89 in 1Q 2022). Revenue: ₪6.39b (up 183% from 1Q 2022). Net income: ₪91.0m (down 90% from 1Q 2022). Profit margin: 1.4% (down from 41% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 24
Upcoming dividend of ₪0.03 per share at 0.8% yield Eligible shareholders must have bought the stock before 01 May 2023. Payment date: 08 May 2023. Trailing yield: 0.8%. Lower than top quartile of Israeli dividend payers (7.9%). Lower than average of industry peers (4.3%). Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: ₪0.71 (vs ₪1.28 in FY 2021) Full year 2022 results: EPS: ₪0.71 (down from ₪1.28 in FY 2021). Revenue: ₪6.48b (down 82% from FY 2021). Net income: ₪751.0m (down 45% from FY 2021). Profit margin: 12% (up from 3.7% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 30
Third quarter 2022 earnings released: EPS: ₪0.20 (vs ₪0.29 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.20 (down from ₪0.29 in 3Q 2021). Revenue: ₪1.26b (down 81% from 3Q 2021). Net income: ₪209.7m (down 32% from 3Q 2021). Profit margin: 17% (up from 4.5% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent External Director Linda Benshoshan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Oct 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be ₪5.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 85%. Buying Opportunity • Sep 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.4%. The fair value is estimated to be ₪6.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 85%. Buying Opportunity • Aug 22
Now 21% undervalued Over the last 90 days, the stock is up 8.8%. The fair value is estimated to be ₪7.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 73%. Buying Opportunity • Jul 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be ₪6.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 73%. Buying Opportunity • Jun 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.3%. The fair value is estimated to be ₪6.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 73%. Board Change • May 25
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent External Director Linda Benshoshan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Maayan Moalem was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 19
Upcoming dividend of ₪0.045 per share Eligible shareholders must have bought the stock before 26 October 2021. Payment date: 03 November 2021. Trailing yield: 6.6%. Within top quartile of Israeli dividend payers (5.8%). Higher than average of industry peers (4.4%). Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS ₪0.28 (vs ₪0.02 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₪9.86b (down 6.3% from 2Q 2020). Net income: ₪299.7m (up ₪269.5m from 2Q 2020). Profit margin: 3.0% (up from 0.3% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • May 05
Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) agreed to acquire 20% stake in Global Energy Generation from Doral Group Renewable Energy Resources Ltd (TASE:DORL) for $110 million. Migdal Insurance and Financial Holdings Ltd. (TASE:MGDL) agreed to acquire 20% stake in Global Energy Generation from Doral Group Renewable Energy Resources Ltd (TASE:DORL) for $110 million on May 3, 2021. The transaction involves an investment of approximately $110 million, the bulk of which will be invested at the closing, and the remainder subject to meeting pre-defined near-future milestones, in exchange for 20% of Doral LLC. As part of the deal, Migdal Insurance will also participate in the first stage (480 MWdc) of Doral LLC's mega solar project in Indiana, with an estimated investment of $100 million. Doral LLC will retain its majority holding position and control of the project. In addition, Migdal Insurance will provide Doral LLC with a credit facility of an additional $130 million on terms to be set forth in definitive agreements. Migdal has an option for additional financing that may reach an additional $300 million, thus, a total investment of $600 million in the first phase of this partnership. The transaction is subject to the signing of detailed transaction documents and completion of due diligence. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS ₪0.33 (vs ₪0.60 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₪21.9b (down 29% from FY 2019). Net income: ₪352.5m (up ₪980.6m from FY 2019). Profit margin: 1.6% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 28
New 90-day high: ₪3.72 The company is up 72% from its price of ₪2.16 on 29 September 2020. The Israeli market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 48% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₪3.21 The company is up 40% from its price of ₪2.30 on 08 September 2020. The Israeli market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 33% over the same period. Reported Earnings • Dec 01
Third quarter 2020 earnings released: EPS ₪0.10 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₪8.26b (up 56% from 3Q 2019). Net income: ₪102.7m (up ₪853.1m from 3Q 2019). Profit margin: 1.2% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 19
New 90-day high: ₪3.11 The company is up 19% from its price of ₪2.60 on 20 August 2020. The Israeli market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Insurance industry, which is up 21% over the same period. Is New 90 Day High Low • Nov 04
New 90-day high: ₪2.83 The company is up 27% from its price of ₪2.23 on 06 August 2020. The Israeli market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 14% over the same period. Announcement • Sep 21
Migdal Insurance and Financial Holdings Ltd.(TASE:MGDL) dropped from FTSE All-World Index (USD) Migdal Insurance and Financial Holdings Ltd.(TASE:MGDL) dropped from FTSE All-World Index (USD)