Calculating The Intrinsic Value Of Melisron Ltd. (TLV:MLSR)
Apr 24
Israeli (TA) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies467
- 7D0.8%
- 3M3.5%
- 1Y8.6%
- YTD-0.9%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. More promisingly, the market is up 8.6% over the past year. As for the next few years, earnings are expected to grow by 8.1% per annum.
Market Valuation and Performance
Has the Israeli Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | ₪817.9b | ₪755.9b | ₪59.2b | 12.1x | 13.8x | 1.1x |
| Mon, 25 Mar 2024 | ₪856.2b | ₪747.3b | ₪54.6b | 12.6x | 15.7x | 1.1x |
| Wed, 21 Feb 2024 | ₪815.9b | ₪748.4b | ₪55.7b | 12x | 14.7x | 1.1x |
| Fri, 19 Jan 2024 | ₪801.5b | ₪757.5b | ₪56.0b | 11.4x | 14.3x | 1.1x |
| Sun, 17 Dec 2023 | ₪785.0b | ₪753.6b | ₪56.4b | 10.4x | 13.9x | 1x |
| Tue, 14 Nov 2023 | ₪720.1b | ₪749.5b | ₪62.4b | 9.8x | 11.5x | 1x |
| Thu, 12 Oct 2023 | ₪744.2b | ₪756.3b | ₪64.7b | 10.4x | 11.5x | 1x |
| Sat, 09 Sep 2023 | ₪787.6b | ₪747.7b | ₪64.8b | 11.3x | 12.2x | 1.1x |
| Mon, 07 Aug 2023 | ₪809.5b | ₪685.3b | ₪71.3b | 10.5x | 11.4x | 1.2x |
| Wed, 05 Jul 2023 | ₪783.0b | ₪686.7b | ₪71.5b | 10.6x | 11x | 1.1x |
| Fri, 02 Jun 2023 | ₪749.2b | ₪678.7b | ₪81.5b | 9.8x | 9.2x | 1.1x |
| Sun, 30 Apr 2023 | ₪749.0b | ₪663.8b | ₪83.3b | 9.2x | 9x | 1.1x |
| Tue, 28 Mar 2023 | ₪763.4b | ₪666.2b | ₪92.8b | 8.8x | 8.2x | 1.1x |
| Thu, 23 Feb 2023 | ₪762.5b | ₪667.8b | ₪97.0b | 8.7x | 7.9x | 1.1x |
| Sat, 21 Jan 2023 | ₪818.3b | ₪655.1b | ₪95.7b | 9.3x | 8.6x | 1.2x |
| Mon, 19 Dec 2022 | ₪807.0b | ₪656.9b | ₪95.9b | 9.1x | 8.4x | 1.2x |
| Wed, 16 Nov 2022 | ₪887.5b | ₪651.5b | ₪93.7b | 10.2x | 9.5x | 1.4x |
| Fri, 14 Oct 2022 | ₪873.9b | ₪650.6b | ₪92.2b | 10.3x | 9.5x | 1.3x |
| Sun, 11 Sep 2022 | ₪962.6b | ₪661.6b | ₪92.3b | 11.3x | 10.4x | 1.5x |
| Tue, 09 Aug 2022 | ₪934.7b | ₪656.0b | ₪89.5b | 12x | 10.4x | 1.4x |
| Thu, 07 Jul 2022 | ₪866.6b | ₪654.8b | ₪85.1b | 12x | 10.2x | 1.3x |
| Sat, 04 Jun 2022 | ₪897.2b | ₪655.5b | ₪83.7b | 11.9x | 10.7x | 1.4x |
| Mon, 02 May 2022 | ₪977.9b | ₪639.5b | ₪75.8b | 12.9x | 12.9x | 1.5x |
| Wed, 30 Mar 2022 | ₪993.8b | ₪632.2b | ₪72.1b | 13.7x | 13.8x | 1.6x |
| Fri, 25 Feb 2022 | ₪952.6b | ₪623.3b | ₪60.2b | 14.8x | 15.8x | 1.5x |
| Sun, 23 Jan 2022 | ₪995.6b | ₪615.5b | ₪58.6b | 16.4x | 17x | 1.6x |
| Tue, 21 Dec 2021 | ₪909.0b | ₪616.3b | ₪58.5b | 15.5x | 15.5x | 1.5x |
| Thu, 18 Nov 2021 | ₪902.9b | ₪589.6b | ₪52.8b | 15.5x | 17.1x | 1.5x |
| Sat, 16 Oct 2021 | ₪853.5b | ₪588.8b | ₪52.1b | 14.9x | 16.4x | 1.4x |
| Mon, 13 Sep 2021 | ₪829.6b | ₪588.2b | ₪52.0b | 14.6x | 15.9x | 1.4x |
| Wed, 11 Aug 2021 | ₪770.3b | ₪574.6b | ₪52.0b | 13.6x | 14.8x | 1.3x |
| Sun, 06 Jun 2021 | ₪759.9b | ₪548.0b | ₪41.4b | 15.3x | 18.4x | 1.4x |
Price to Earnings Ratio
17.3x
Current Market PE
- Investors are relatively neutral on the Israeli market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 12.7x.
Past Earnings Growth
- The earnings for Israeli listed companies have grown 13% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Israeli Market?
| IL Market | 0.84% | |
| Consumer Staples | 2.12% | |
| Financials | 1.62% | |
| Utilities | 1.06% | |
| Healthcare | 1.00% | |
| Consumer Discretionary | 0.96% | |
| Telecom | 0.87% | |
| Industrials | 0.87% | |
| Energy | 0.70% | |
| Real Estate | 0.55% | |
| Materials | 0.16% | |
| Tech | -0.85% | |
Sector PE
- Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 55.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 22.7%, which is higher than its past year's earnings growth of 9.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings decline of 35% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings decline by 80% 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 | Sector | |
|---|---|---|---|---|---|---|
| POLI Bank Hapoalim B.M | ₪33.20 | 1.8% +₪775.6m | 7.2% | PB0.8x | Financials | |
| DSCT Israel Discount Bank | ₪18.95 | 3.3% +₪742.2m | 6.2% | PB0.8x | Financials | |
| MZTF Mizrahi Tefahot Bank | ₪133.40 | 2.1% +₪697.1m | 13.1% | PB1.3x | Financials | |
| LUMI Bank Leumi le-Israel B.M | ₪28.69 | 1.4% +₪557.7m | 0.7% | PB0.8x | Financials | |
| STRS Strauss Group | ₪69.48 | 6.0% +₪459.3m | -13.8% | PE16.6x | Consumer Staples |
