Harel Insurance Investments & Financial Services Ltd's (TLV:HARL) Shares Leap 26% Yet They're Still Not Telling The Full Story
Dec 18
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Israeli (TA) Insurance Industry Analysis
UpdatedDec 19, 2024
DataAggregated Company Financials
Companies10
- 7D0.7%
- 3M44.8%
- 1Y54.9%
- YTD51.5%
Over the last 7 days, the Insurance industry has risen 2.9%, driven by gains from Harel Insurance Investments & Financial Services of 5.7%. In the last 12 months, the industry was up 58%. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Israeli Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 19 Dec 2024 | ₪51.0b | ₪145.2b | ₪5.9b | 8.2x | 8.7x | 0.4x |
| Sat, 16 Nov 2024 | ₪44.3b | ₪128.8b | ₪5.7b | 8.3x | 7.8x | 0.3x |
| Mon, 14 Oct 2024 | ₪37.8b | ₪128.8b | ₪5.7b | 7.1x | 6.7x | 0.3x |
| Wed, 11 Sep 2024 | ₪36.4b | ₪128.8b | ₪5.7b | 6.9x | 6.4x | 0.3x |
| Fri, 09 Aug 2024 | ₪34.5b | ₪141.1b | ₪3.8b | 8.8x | 9.1x | 0.2x |
| Sun, 07 Jul 2024 | ₪33.6b | ₪141.1b | ₪3.8b | 8.5x | 8.9x | 0.2x |
| Tue, 04 Jun 2024 | ₪34.4b | ₪128.6b | ₪2.9b | 11.2x | 11.9x | 0.3x |
| Thu, 02 May 2024 | ₪34.5b | ₪125.0b | ₪2.9b | 11x | 11.9x | 0.3x |
| Sat, 30 Mar 2024 | ₪36.1b | ₪121.4b | ₪2.7b | 11.7x | 13.2x | 0.3x |
| Mon, 26 Feb 2024 | ₪33.8b | ₪117.0b | ₪2.1b | 11.2x | 16.3x | 0.3x |
| Wed, 24 Jan 2024 | ₪31.9b | ₪117.0b | ₪2.1b | 10.1x | 15.4x | 0.3x |
| Fri, 22 Dec 2023 | ₪33.1b | ₪117.0b | ₪2.1b | 10.8x | 15.9x | 0.3x |
| Sun, 19 Nov 2023 | ₪30.0b | ₪103.0b | ₪1.9b | 11.2x | 15.8x | 0.3x |
| Tue, 17 Oct 2023 | ₪29.8b | ₪103.0b | ₪1.9b | 11.2x | 15.7x | 0.3x |
| Thu, 14 Sep 2023 | ₪32.9b | ₪103.0b | ₪1.9b | 12.3x | 17.3x | 0.3x |
| Sat, 12 Aug 2023 | ₪32.0b | ₪60.3b | ₪989.3m | 12.1x | 32.4x | 0.5x |
| Mon, 10 Jul 2023 | ₪31.3b | ₪60.3b | ₪989.3m | 11.8x | 31.6x | 0.5x |
| Wed, 07 Jun 2023 | ₪31.2b | ₪59.1b | ₪1.1b | 10.1x | 27.3x | 0.5x |
| Fri, 05 May 2023 | ₪33.0b | ₪53.3b | ₪4.2b | 7.4x | 7.9x | 0.6x |
| Sun, 02 Apr 2023 | ₪29.8b | ₪54.0b | ₪4.1b | 7.1x | 7.2x | 0.6x |
| Tue, 28 Feb 2023 | ₪30.0b | ₪63.3b | ₪4.8b | 6.9x | 6.3x | 0.5x |
| Thu, 26 Jan 2023 | ₪32.4b | ₪63.3b | ₪4.8b | 7.6x | 6.8x | 0.5x |
| Sat, 24 Dec 2022 | ₪31.5b | ₪63.4b | ₪4.8b | 7.2x | 6.6x | 0.5x |
| Mon, 21 Nov 2022 | ₪33.2b | ₪78.6b | ₪5.2b | 8.7x | 6.3x | 0.4x |
| Wed, 19 Oct 2022 | ₪33.5b | ₪78.6b | ₪5.2b | 9x | 6.4x | 0.4x |
| Fri, 16 Sep 2022 | ₪35.2b | ₪82.1b | ₪5.5b | 6.7x | 6.4x | 0.4x |
| Sun, 14 Aug 2022 | ₪37.1b | ₪119.0b | ₪7.9b | 5.3x | 4.7x | 0.3x |
| Tue, 12 Jul 2022 | ₪33.3b | ₪119.0b | ₪7.9b | 4.7x | 4.2x | 0.3x |
| Thu, 09 Jun 2022 | ₪33.7b | ₪130.3b | ₪7.0b | 5.1x | 4.8x | 0.3x |
| Sat, 07 May 2022 | ₪36.9b | ₪138.2b | ₪6.5b | 6.3x | 5.7x | 0.3x |
| Mon, 04 Apr 2022 | ₪39.3b | ₪139.5b | ₪6.6b | 7.2x | 6x | 0.3x |
| Wed, 02 Mar 2022 | ₪37.7b | ₪143.7b | ₪6.4b | 7.3x | 5.9x | 0.3x |
| Fri, 28 Jan 2022 | ₪37.4b | ₪143.7b | ₪6.4b | 7.1x | 5.8x | 0.3x |
| Sun, 26 Dec 2021 | ₪36.3b | ₪143.7b | ₪6.4b | 6.8x | 5.6x | 0.3x |
Price to Earnings Ratio
5.6x
Current Industry PE
- Investors are pessimistic on the Israeli Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 8.8x which is lower than its 3-year average PE of 10.8x.
- The industry is trading close to its 3-year average PS ratio of 0.35x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have declined 2.9% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Israeli Financials industry?
| IL Market | 0.24% | |
| Financials | -0.66% | |
| Insurance | 0.72% | |
| General Insurance | 0.85% | |
| Insurance Brokers | 0% | |
| Life and Health Insurance | 0% | |
| Reinsurance | 0% | |
| Property and Casualty Insurance | -5.15% | |
Industry PE
- Investors are most optimistic about the General Insurance industry even though it's trading below its 3-year average PE ratio of 10.8x.
- Analysts are expecting annual earnings growth of 15.7%, which is lower than the prior year's growth of 147.1% per year.
- Investors are most pessimistic about the Property and Casualty Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 147% per year.
- In contrast, the General Insurance industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| HARL Harel Insurance Investments & Financial Services | ₪51.05 | 5.7% +₪564.3m | 71.8% | PE10.4x | |
| ZUR Zur Shamir Holdings | ₪8.36 | 6.8% +₪34.6m | 62.3% | PE6.7x | |
| AYAL Ayalon Insurance | ₪32.39 | 4.1% +₪31.7m | 92.1% | PE5.1x | |
| PHOE Phoenix Financial | ₪52.46 | 0.2% +₪27.5m | 39.2% | PE7.4x | |
| IDIN I.D.I. Insurance | ₪134.90 | 0.4% +₪8.8m | 38.6% | PE8.9x |
