Upcoming Dividend • Apr 07
Upcoming dividend of ₪1.37 per share Eligible shareholders must have bought the stock before 14 April 2026. Payment date: 23 April 2026. Payout ratio is on the higher end at 86%, and the cash payout ratio is above 100%. Trailing yield: 14%. Within top quartile of Israeli dividend payers (5.6%). Higher than average of industry peers (3.6%). Reported Earnings • Nov 28
Third quarter 2025 earnings released: EPS: ₪416 (vs ₪0.15 in 3Q 2024) Third quarter 2025 results: EPS: ₪416 (up from ₪0.15 in 3Q 2024). Revenue: ₪68.5m (down 10% from 3Q 2024). Net income: ₪6.05m (up 180% from 3Q 2024). Profit margin: 8.8% (up from 2.8% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year. 공시 • Sep 29
Primotec Group Ltd, Annual General Meeting, Nov 03, 2025 Primotec Group Ltd, Annual General Meeting, Nov 03, 2025. Location: co. offices, Israel New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 0.4% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 260% Cash payout ratio: 283% Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (4.7% net profit margin). Market cap is less than US$100m (₪212.2m market cap, or US$63.6m). Reported Earnings • May 31
First quarter 2025 earnings released: EPS: ₪0.37 (vs ₪0.87 in 1Q 2024) First quarter 2025 results: EPS: ₪0.37 (down from ₪0.87 in 1Q 2024). Revenue: ₪64.1m (down 19% from 1Q 2024). Net income: ₪5.36m (down 57% from 1Q 2024). Profit margin: 8.4% (down from 16% in 1Q 2024). The decrease in margin was driven by lower 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 11% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: ₪1.82 (vs ₪1.73 in FY 2023) Full year 2024 results: EPS: ₪1.82 (up from ₪1.73 in FY 2023). Revenue: ₪302.3m (down 3.1% from FY 2023). Net income: ₪26.4m (up 5.1% from FY 2023). Profit margin: 8.7% (up from 8.1% in FY 2023). The increase in margin was driven by lower expenses. 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 10% per year, which means it is significantly lagging earnings. New Risk • Dec 22
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 5.3% 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 (5.3% average weekly change). Market cap is less than US$100m (₪208.0m market cap, or US$57.1m). Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: ₪0.15 (vs ₪0.25 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.15 (down from ₪0.25 in 3Q 2023). Revenue: ₪76.2m (up 14% from 3Q 2023). Net income: ₪2.16m (down 40% from 3Q 2023). Profit margin: 2.8% (down from 5.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₪14.39, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 19x in the Household Products industry in Asia. Total loss to shareholders of 44% over the past three years. New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. 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 (₪163.6m market cap, or US$43.6m). Board Change • Sep 01
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. 5 experienced directors. No highly experienced directors. Independent External Director Yahalomit Turgeman was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: ₪0.73 (vs ₪0.098 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.73 (up from ₪0.098 in 2Q 2023). Revenue: ₪68.1m (up 6.6% from 2Q 2023). Net income: ₪10.7m (up ₪9.27m from 2Q 2023). Profit margin: 16% (up from 2.2% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. 공시 • Jul 08
Primotec Group Ltd, Annual General Meeting, Aug 12, 2024 Primotec Group Ltd, Annual General Meeting, Aug 12, 2024. Location: co. offices, Israel Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: ₪1.73 (vs ₪1.24 in FY 2022) Full year 2023 results: EPS: ₪1.73 (up from ₪1.24 in FY 2022). Revenue: ₪312.0m (up 13% from FY 2022). Net income: ₪25.2m (up 40% from FY 2022). Profit margin: 8.1% (up from 6.5% in FY 2022). The increase in margin was driven by higher revenue. Reported Earnings • Dec 02
Third quarter 2023 earnings released: EPS: ₪0.25 (vs ₪0.27 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.25 (down from ₪0.27 in 3Q 2022). Revenue: ₪66.6m (down 4.0% from 3Q 2022). Net income: ₪3.58m (down 9.0% from 3Q 2022). Profit margin: 5.4% (down from 5.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Reported Earnings • Sep 02
Second quarter 2023 earnings released: EPS: ₪0.098 (vs ₪0.27 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.098 (down from ₪0.27 in 2Q 2022). Revenue: ₪63.9m (down 3.3% from 2Q 2022). Net income: ₪1.42m (down 63% from 2Q 2022). Profit margin: 2.2% (down from 5.9% in 2Q 2022). Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: ₪0.31 (vs ₪0.45 in 1Q 2022) First quarter 2023 results: EPS: ₪0.31 (down from ₪0.45 in 1Q 2022). Revenue: ₪71.4m (up 9.0% from 1Q 2022). Net income: ₪4.56m (down 24% from 1Q 2022). Profit margin: 6.4% (down from 9.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₪9.71, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 27x in the Household Products industry in Asia. Total loss to shareholders of 51% over the past year. Buying Opportunity • Dec 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be ₪12.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last year, while earnings per share has been flat.