A Piece Of The Puzzle Missing From Harel Insurance Investments & Financial Services Ltd's (TLV:HARL) Share Price
Jul 25
Israeli (TA) Financials Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies72
- 7D0.9%
- 3M8.0%
- 1Y8.9%
- YTD6.3%
In the last week, the Financials industry is flat overall, with Wesure Global Tech standing out by going down 5.2%. As for the the longer term, the industry is up 8.9% over the past 12 months. As for the next few years, earnings are expected to grow by 24% per annum.
Sector Valuation and Performance
Has the Israeli Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ₪242.3b | ₪236.6b | ₪34.5b | 8.3x | 7x | 1x |
| Sun, 23 Jun 2024 | ₪222.4b | ₪236.6b | ₪34.5b | 7.6x | 6.5x | 0.9x |
| Tue, 21 May 2024 | ₪223.7b | ₪220.1b | ₪32.5b | 7.8x | 6.9x | 1x |
| Thu, 18 Apr 2024 | ₪214.9b | ₪218.2b | ₪32.3b | 7.8x | 6.6x | 1x |
| Sat, 16 Mar 2024 | ₪220.9b | ₪212.9b | ₪32.0b | 8x | 6.9x | 1x |
| Mon, 12 Feb 2024 | ₪211.6b | ₪214.1b | ₪32.1b | 7.7x | 6.6x | 1x |
| Wed, 10 Jan 2024 | ₪220.0b | ₪214.4b | ₪32.1b | 7.4x | 6.8x | 1x |
| Fri, 08 Dec 2023 | ₪214.3b | ₪214.1b | ₪32.1b | 6.8x | 6.7x | 1x |
| Sun, 05 Nov 2023 | ₪206.8b | ₪199.9b | ₪32.3b | 6.3x | 6.4x | 1x |
| Tue, 03 Oct 2023 | ₪235.2b | ₪199.9b | ₪32.3b | 7.2x | 7.3x | 1.2x |
| Thu, 31 Aug 2023 | ₪220.5b | ₪187.7b | ₪32.1b | 7.8x | 6.9x | 1.2x |
| Sat, 29 Jul 2023 | ₪221.7b | ₪152.6b | ₪29.1b | 7.5x | 7.6x | 1.5x |
| Mon, 26 Jun 2023 | ₪212.4b | ₪152.6b | ₪29.1b | 7.7x | 7.3x | 1.4x |
| Wed, 24 May 2023 | ₪215.7b | ₪142.8b | ₪32.2b | 7.8x | 6.7x | 1.5x |
| Fri, 21 Apr 2023 | ₪199.2b | ₪141.0b | ₪31.3b | 7.4x | 6.4x | 1.4x |
| Sun, 19 Mar 2023 | ₪203.1b | ₪148.0b | ₪31.3b | 7x | 6.5x | 1.4x |
| Tue, 14 Feb 2023 | ₪212.6b | ₪144.4b | ₪29.2b | 7.3x | 7.3x | 1.5x |
| Thu, 12 Jan 2023 | ₪216.5b | ₪144.3b | ₪29.2b | 7.5x | 7.4x | 1.5x |
| Sat, 10 Dec 2022 | ₪224.7b | ₪147.1b | ₪29.4b | 7.8x | 7.7x | 1.5x |
| Mon, 07 Nov 2022 | ₪236.6b | ₪156.2b | ₪27.3b | 8.8x | 8.7x | 1.5x |
| Wed, 05 Oct 2022 | ₪217.0b | ₪156.1b | ₪27.2b | 8.7x | 8x | 1.4x |
| Fri, 02 Sep 2022 | ₪248.5b | ₪196.1b | ₪30.1b | 9.4x | 8.3x | 1.3x |
| Sun, 31 Jul 2022 | ₪226.1b | ₪196.5b | ₪30.0b | 8.9x | 7.5x | 1.2x |
| Tue, 28 Jun 2022 | ₪217.0b | ₪196.3b | ₪29.9b | 9.4x | 7.3x | 1.1x |
| Thu, 26 May 2022 | ₪214.9b | ₪214.5b | ₪28.2b | 8.5x | 7.6x | 1x |
| Sat, 23 Apr 2022 | ₪249.0b | ₪214.7b | ₪27.3b | 10.2x | 9.1x | 1.2x |
| Mon, 21 Mar 2022 | ₪238.1b | ₪219.5b | ₪27.0b | 10.5x | 8.8x | 1.1x |
| Wed, 16 Feb 2022 | ₪244.1b | ₪217.8b | ₪25.9b | 10.5x | 9.4x | 1.1x |
| Fri, 14 Jan 2022 | ₪254.5b | ₪217.8b | ₪25.9b | 10.8x | 9.8x | 1.2x |
| Sun, 12 Dec 2021 | ₪224.7b | ₪217.7b | ₪25.9b | 9.7x | 8.7x | 1x |
| Tue, 09 Nov 2021 | ₪223.8b | ₪216.6b | ₪23.9b | 11.3x | 9.4x | 1x |
| Thu, 07 Oct 2021 | ₪202.9b | ₪216.6b | ₪23.9b | 9.7x | 8.5x | 0.9x |
| Sat, 04 Sep 2021 | ₪200.3b | ₪215.9b | ₪23.6b | 10.5x | 8.5x | 0.9x |
| Mon, 02 Aug 2021 | ₪191.5b | ₪215.9b | ₪23.6b | 9.7x | 8.1x | 0.9x |
Price to Earnings Ratio
8.1x
Current Industry PE
- Investors are relatively neutral on the Israeli Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 7.7x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 3.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Israeli Financials sector?
| IL Market | 0.58% | |
| Financials | 0.88% | |
| Diversified Financial | 1.45% | |
| Capital Markets | 1.16% | |
| Banks | 0.89% | |
| Consumer Finance | 0.71% | |
| Insurance | 0.68% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry, which is trading close to its 3-year average PE ratio of 11.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 7.4x.
Forecasted Growth
- Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 26% over the next 5 years.
- However this is lower than its past earnings growth rate of 72% per year.
- In contrast, the Capital Markets industry is expected to see its earnings grow by 8.7% 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 | |
|---|---|---|---|---|---|
| MZTF Mizrahi Tefahot Bank | ₪141.80 | 2.0% +₪726.6m | 5.5% | PB1.3x | |
| LUMI Bank Leumi le-Israel B.M | ₪33.51 | 1.1% +₪558.2m | 14.8% | PB0.9x | |
| POLI Bank Hapoalim B.M | ₪35.35 | 1.0% +₪468.2m | 9.5% | PB0.9x | |
| FIBI First International Bank of Israel | ₪159.40 | 2.6% +₪411.4m | 1.9% | PB1.3x | |
| HARL Harel Insurance Investments & Financial Services | ₪36.13 | 4.0% +₪283.5m | 27.8% | PE10x |