Reported Earnings • May 27
First quarter 2026 earnings released: EPS: ₪0.82 (vs ₪1.76 in 1Q 2025) First quarter 2026 results: EPS: ₪0.82 (down from ₪1.76 in 1Q 2025). Revenue: ₪406.7m (down 20% from 1Q 2025). Net income: ₪10.1m (down 53% from 1Q 2025). Profit margin: 2.5% (down from 4.3% in 1Q 2025). 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 only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Apr 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 9.8% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.6% net profit margin). Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: ₪0.06 (vs ₪3.15 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.06 (down from ₪3.15 in 3Q 2024). Revenue: ₪480.3m (down 25% from 3Q 2024). Net income: ₪775.0k (down 98% from 3Q 2024). Profit margin: 0.2% (down from 6.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. 공고 • Nov 25
Hod Assaf Industries Ltd., Annual General Meeting, Dec 30, 2025 Hod Assaf Industries Ltd., Annual General Meeting, Dec 30, 2025. Location: co. offices, Israel New Risk • Aug 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 30
Now 23% overvalued Over the last 90 days, the stock has fallen 5.4% to ₪47.11. The fair value is estimated to be ₪38.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 22%. Board Change • Apr 05
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shulamit Eshbol was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 29
Full year 2024 earnings released: EPS: ₪5.62 (vs ₪2.20 in FY 2023) Full year 2024 results: EPS: ₪5.62 (up from ₪2.20 in FY 2023). Revenue: ₪2.06b (up 17% from FY 2023). Net income: ₪69.1m (up 156% from FY 2023). Profit margin: 3.4% (up from 1.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₪50.56, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 20x in the Metals and Mining industry in Asia. Total returns to shareholders of 26% over the past three years. 공고 • Nov 29
Hod Assaf Industries Ltd., Annual General Meeting, Jan 07, 2025 Hod Assaf Industries Ltd., Annual General Meeting, Jan 07, 2025. Location: co. offices, Israel Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: ₪3.15 (vs ₪0.68 in 3Q 2023) Third quarter 2024 results: EPS: ₪3.15 (up from ₪0.68 in 3Q 2023). Revenue: ₪643.9m (up 33% from 3Q 2023). Net income: ₪38.8m (up 366% from 3Q 2023). Profit margin: 6.0% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: ₪1.34 (vs ₪1.26 in 2Q 2023) Second quarter 2024 results: EPS: ₪1.34 (up from ₪1.26 in 2Q 2023). Revenue: ₪533.5m (up 20% from 2Q 2023). Net income: ₪16.4m (up 5.9% from 2Q 2023). Profit margin: 3.1% (down from 3.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 53% 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. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: ₪2.20 (vs ₪3.57 in FY 2022) Full year 2023 results: EPS: ₪2.20 (down from ₪3.57 in FY 2022). Revenue: ₪1.75b (down 10% from FY 2022). Net income: ₪27.0m (down 39% from FY 2022). Profit margin: 1.5% (down from 2.2% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 13
Now 20% undervalued Over the last 90 days, the stock has risen 25% to ₪38.04. The fair value is estimated to be ₪47.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. 공고 • Mar 07
Hod Assaf Industries Ltd., Annual General Meeting, Apr 08, 2024 Hod Assaf Industries Ltd., Annual General Meeting, Apr 08, 2024, at 17:00 Israel Standard Time. Buy Or Sell Opportunity • Feb 16
Now 20% undervalued Over the last 90 days, the stock has risen 19% to ₪37.74. The fair value is estimated to be ₪47.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Reported Earnings • Dec 02
Third quarter 2023 earnings released: EPS: ₪0.68 (vs ₪0.50 loss in 3Q 2022) Third quarter 2023 results: EPS: ₪0.68 (up from ₪0.50 loss in 3Q 2022). Revenue: ₪482.6m (down 3.4% from 3Q 2022). Net income: ₪8.33m (up ₪14.4m from 3Q 2022). Profit margin: 1.7% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₪384.6m (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (₪384.6m market cap, or US$100.0m). Reported Earnings • Aug 27
Second quarter 2023 earnings released: EPS: ₪1.26 (vs ₪2.81 in 2Q 2022) Second quarter 2023 results: EPS: ₪1.26 (down from ₪2.81 in 2Q 2022). Revenue: ₪444.8m (down 3.5% from 2Q 2022). Net income: ₪15.5m (down 55% from 2Q 2022). Profit margin: 3.5% (down from 7.5% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 30
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 6.5% 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 (6.5% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: ₪1.16 (vs ₪1.75 in 1Q 2022) First quarter 2023 results: EPS: ₪1.16 (down from ₪1.75 in 1Q 2022). Revenue: ₪496.0m (flat on 1Q 2022). Net income: ₪14.3m (down 33% from 1Q 2022). Profit margin: 2.9% (down from 4.3% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: ₪3.57 (vs ₪9.98 in FY 2021) Full year 2022 results: EPS: ₪3.57 (down from ₪9.98 in FY 2021). Revenue: ₪1.96b (up 12% from FY 2021). Net income: ₪43.8m (down 64% from FY 2021). Profit margin: 2.2% (down from 7.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₪37.30, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 14x in the Metals and Mining industry in Asia. Total returns to shareholders of 222% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₪37.39, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 12x in the Metals and Mining industry in Asia. Total returns to shareholders of 133% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent Director Avi Zamir was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 27
First half 2022 earnings released: EPS: ₪4.56 (vs ₪5.24 in 1H 2021) First half 2022 results: EPS: ₪4.56 (down from ₪5.24 in 1H 2021). Revenue: ₪957.5m (up 19% from 1H 2021). Net income: ₪56.0m (down 13% from 1H 2021). Profit margin: 5.9% (down from 8.0% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 16% share price gain to ₪59.67, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 11x in the Metals and Mining industry in Asia. Total returns to shareholders of 383% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Avi Zamir was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 18% share price gain to ₪64.55, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 12x in the Metals and Mining industry in Asia. Total returns to shareholders of 406% over the past three years. Reported Earnings • Mar 29
Full year 2021 earnings released: EPS: ₪10.00 (vs ₪1.13 in FY 2020) Full year 2021 results: EPS: ₪10.00 (up from ₪1.13 in FY 2020). Revenue: ₪1.74b (up 46% from FY 2020). Net income: ₪122.6m (up ₪108.7m from FY 2020). Profit margin: 7.0% (up from 1.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 21% share price gain to ₪44.98, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 13x in the Metals and Mining industry in Asia. Total returns to shareholders of 179% over the past three years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₪35.44, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 13x in the Metals and Mining industry in Asia. Total returns to shareholders of 131% over the past three years. Buying Opportunity • Jan 20
Now 20% undervalued Over the last 90 days, the stock is up 7.7%. The fair value is estimated to be ₪51.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company has become profitable over the last year. Reported Earnings • Aug 27
First half 2021 earnings released: EPS ₪5.24 (vs ₪0.49 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: ₪807.3m (up 48% from 1H 2020). Net income: ₪64.3m (up ₪58.3m from 1H 2020). Profit margin: 8.0% (up from 1.1% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 15% share price gain to ₪36.30, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 15x in the Metals and Mining industry in Asia. Total returns to shareholders of 119% over the past three years. Is New 90 Day High Low • Mar 16
New 90-day high: ₪22.36 The company is up 14% from a price of ₪19.54 on 16 December 2020. Outperformed the Israeli market which is up 8.0% over the last 90 days. Lagged the Metals and Mining industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 31
New 90-day high: ₪19.72 The company is up 14% from its price of ₪17.25 on 01 October 2020. The Israeli market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: ₪18.67 The company is up 27% from its price of ₪14.67 on 02 September 2020. The Israeli market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 19
New 90-day high: ₪17.61 The company is up 56% from its price of ₪11.28 on 21 July 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period.