Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: ₪0.17 (vs ₪0.22 in FY 2024) Full year 2025 results: EPS: ₪0.17 (down from ₪0.22 in FY 2024). Revenue: ₪651.8m (down 1.9% from FY 2024). Net income: ₪11.2m (down 23% from FY 2024). Profit margin: 1.7% (down from 2.2% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 26
Third quarter 2025 earnings released: EPS: ₪0.07 (vs ₪0.03 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.07 (up from ₪0.03 in 3Q 2024). Revenue: ₪180.0m (up 7.6% from 3Q 2024). Net income: ₪4.57m (up 111% from 3Q 2024). Profit margin: 2.5% (up from 1.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: ₪0.09 (vs ₪0.07 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.09 (up from ₪0.07 in 2Q 2024). Revenue: ₪166.2m (flat on 2Q 2024). Net income: ₪5.69m (up 24% from 2Q 2024). Profit margin: 3.4% (up from 2.7% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • May 31
First quarter 2025 earnings released: ₪0.06 loss per share (vs ₪0.22 profit in 1Q 2024) First quarter 2025 results: ₪0.06 loss per share (down from ₪0.22 profit in 1Q 2024). Revenue: ₪157.9m (down 18% from 1Q 2024). Net loss: ₪3.91m (down 126% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 29
Full year 2024 earnings released: EPS: ₪0.22 (vs ₪0.50 in FY 2023) Full year 2024 results: EPS: ₪0.22 (down from ₪0.50 in FY 2023). Revenue: ₪664.1m (down 9.5% from FY 2023). Net income: ₪14.6m (down 56% from FY 2023). Profit margin: 2.2% (down from 4.5% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₪4.06, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 21x in the Luxury industry in Asia. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₪4.32, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 19x in the Luxury industry in Asia. Total loss to shareholders of 39% over the past three years. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: ₪0.07 (vs ₪0.11 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.07 (down from ₪0.11 in 2Q 2023). Revenue: ₪167.7m (down 6.8% from 2Q 2023). Net income: ₪4.58m (down 37% from 2Q 2023). Profit margin: 2.7% (down from 4.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Annonce • Jun 13
N.R. Spuntech Industries Ltd., Annual General Meeting, Jul 01, 2024 N.R. Spuntech Industries Ltd., Annual General Meeting, Jul 01, 2024. Location: co. offices, Israel New Risk • Dec 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 17% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 27% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₪234.2m market cap, or US$63.3m). Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: ₪0.12 (vs ₪0.11 loss in 3Q 2022) Third quarter 2023 results: EPS: ₪0.12 (up from ₪0.11 loss in 3Q 2022). Revenue: ₪176.5m (up 6.2% from 3Q 2022). Net income: ₪8.21m (up ₪15.2m from 3Q 2022). Profit margin: 4.7% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 04
Second quarter 2023 earnings released: EPS: ₪0.11 (vs ₪0.03 loss in 2Q 2022) Second quarter 2023 results: EPS: ₪0.11 (up from ₪0.03 loss in 2Q 2022). Revenue: ₪180.0m (up 7.9% from 2Q 2022). Net income: ₪7.28m (up ₪9.18m from 2Q 2022). Profit margin: 4.0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Reported Earnings • May 28
First quarter 2023 earnings released: ₪0.03 loss per share (vs ₪0.04 loss in 1Q 2022) First quarter 2023 results: ₪0.03 loss per share (improved from ₪0.04 loss in 1Q 2022). Revenue: ₪185.1m (up 8.1% from 1Q 2022). Net loss: ₪1.90m (loss narrowed 21% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 27
Third quarter 2022 earnings released: ₪0.11 loss per share (vs ₪0.03 loss in 3Q 2021) Third quarter 2022 results: ₪0.11 loss per share (further deteriorated from ₪0.03 loss in 3Q 2021). Revenue: ₪166.2m (up 13% from 3Q 2021). Net loss: ₪7.02m (loss widened 204% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 10% per year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent External Director Gad Appelbaum was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent External Director Gad Appelbaum was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annonce • Sep 28
N.R. Spuntech Industries Ltd. SHS to Be Deleted from OTC Equity N.R. Spuntech Industries Ltd. SHS (Israel) will be deleted from OTC Equity effective from September 27, 2022, due to Inactive Security. Reported Earnings • May 26
First quarter 2022 earnings released: ₪0.04 loss per share (vs ₪0.43 profit in 1Q 2021) First quarter 2022 results: ₪0.04 loss per share (down from ₪0.43 profit in 1Q 2021). Revenue: ₪171.3m (up 2.6% from 1Q 2021). Net loss: ₪2.41m (down 109% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent External Director Gad Appelbaum was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₪0.79 (down from ₪1.29 in FY 2020). Revenue: ₪668.4m (down 7.4% from FY 2020). Net income: ₪52.2m (down 39% from FY 2020). Profit margin: 7.8% (down from 12% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent External Director Gad Appelbaum was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₪6.90, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 28x in the Personal Products industry in Asia. Total loss to shareholders of 26% over the past three years. Reported Earnings • May 14
First quarter 2021 earnings released: EPS ₪0.57 (vs ₪0.19 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ₪166.9m (down 3.0% from 1Q 2020). Net income: ₪28.3m (up 123% from 1Q 2020). Profit margin: 17% (up from 7.4% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS ₪1.29 (vs ₪0.38 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₪721.5m (up 19% from FY 2019). Net income: ₪85.4m (up 237% from FY 2019). Profit margin: 12% (up from 4.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 23
New 90-day low: ₪8.90 The company is down 13% from its price of ₪10.19 on 25 November 2020. The Israeli market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 3.0% over the same period. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS ₪0.36 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₪180.4m (up 18% from 3Q 2019). Net income: ₪24.2m (up 297% from 3Q 2019). Profit margin: 13% (up from 4.0% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 10
Market pulls back on stock over the past week After last week's 17% share price decline to ₪9.25, the stock is trading at a trailing P/E ratio of 14.2x, down from the previous P/E ratio of 17x. This compares to an average P/E of 28x in the Personal Products industry in Asia. Total returns to shareholders over the past three years are 11%. Is New 90 Day High Low • Nov 09
New 90-day low: ₪10.14 The company is down 13% from its price of ₪11.59 on 11 August 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 4.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day high: ₪11.92 The company is up 27% from its price of ₪9.38 on 25 June 2020. The Israeli market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Personal Products industry, which is up 1.0% over the same period.