Israeli (TA) Insurance Industry Analysis
UpdatedDec 04, 2023
DataAggregated Company Financials
Companies10
- 7D1.8%
- 3M1.0%
- 1Y-7.8%
- YTD1.7%
In the last week, the Insurance industry is up 1.3%, with Menora Mivtachim Holdings up 5.6%. In contrast, the industry has lost 9.0% in the last 12 months. Earnings are forecast to grow by 35% 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 |
|---|---|---|---|---|---|---|
| Mon, 04 Dec 2023 | ₪31.9b | ₪117.0b | ₪2.1b | 10.5x | 15.2x | 0.3x |
| Wed, 01 Nov 2023 | ₪29.1b | ₪103.0b | ₪1.9b | 10.9x | 15.3x | 0.3x |
| Fri, 29 Sep 2023 | ₪33.8b | ₪103.0b | ₪1.9b | 12.6x | 17.8x | 0.3x |
| Sun, 27 Aug 2023 | ₪32.1b | ₪90.7b | ₪1.7b | 12.6x | 19.3x | 0.4x |
| Tue, 25 Jul 2023 | ₪32.2b | ₪60.3b | ₪989.3m | 12.2x | 32.6x | 0.5x |
| Thu, 22 Jun 2023 | ₪33.2b | ₪60.3b | ₪989.3m | 12.5x | 33.6x | 0.6x |
| Sat, 20 May 2023 | ₪34.0b | ₪53.3b | ₪4.2b | 8.6x | 8.1x | 0.6x |
| Mon, 17 Apr 2023 | ₪29.6b | ₪55.5b | ₪4.5b | 6.9x | 6.6x | 0.5x |
| Wed, 15 Mar 2023 | ₪30.2b | ₪63.3b | ₪4.8b | 7.1x | 6.3x | 0.5x |
| Fri, 10 Feb 2023 | ₪33.0b | ₪63.3b | ₪4.8b | 7.9x | 6.9x | 0.5x |
| Sun, 08 Jan 2023 | ₪31.6b | ₪63.3b | ₪4.8b | 7.1x | 6.6x | 0.5x |
| Tue, 06 Dec 2022 | ₪34.2b | ₪66.6b | ₪4.9b | 8.9x | 6.9x | 0.5x |
| Thu, 03 Nov 2022 | ₪32.6b | ₪78.6b | ₪5.2b | 8.6x | 6.2x | 0.4x |
| Sat, 01 Oct 2022 | ₪32.0b | ₪78.6b | ₪5.2b | 8.5x | 6.1x | 0.4x |
| Mon, 29 Aug 2022 | ₪37.5b | ₪118.7b | ₪8.0b | 5.2x | 4.7x | 0.3x |
| Wed, 27 Jul 2022 | ₪33.3b | ₪119.0b | ₪7.9b | 4.6x | 4.2x | 0.3x |
| Fri, 24 Jun 2022 | ₪33.7b | ₪119.0b | ₪7.9b | 4.7x | 4.3x | 0.3x |
| Sun, 22 May 2022 | ₪34.1b | ₪138.2b | ₪6.5b | 6x | 5.2x | 0.2x |
| Tue, 19 Apr 2022 | ₪39.6b | ₪138.2b | ₪6.5b | 6.7x | 6.1x | 0.3x |
| Thu, 17 Mar 2022 | ₪37.1b | ₪143.7b | ₪6.4b | 7.1x | 5.8x | 0.3x |
| Sat, 12 Feb 2022 | ₪37.8b | ₪143.7b | ₪6.4b | 7.4x | 5.9x | 0.3x |
| Mon, 10 Jan 2022 | ₪37.3b | ₪143.7b | ₪6.4b | 7.1x | 5.8x | 0.3x |
| Wed, 08 Dec 2021 | ₪36.6b | ₪143.7b | ₪6.5b | 7.2x | 5.6x | 0.3x |
| Fri, 05 Nov 2021 | ₪38.0b | ₪147.5b | ₪6.3b | 7x | 6.1x | 0.3x |
| Sun, 03 Oct 2021 | ₪34.2b | ₪147.5b | ₪6.3b | 6x | 5.4x | 0.2x |
| Tue, 31 Aug 2021 | ₪32.9b | ₪147.4b | ₪6.3b | 5.8x | 5.2x | 0.2x |
| Wed, 07 Jul 2021 | ₪31.7b | ₪147.4b | ₪6.3b | 6.2x | 5.1x | 0.2x |
| Sat, 10 Apr 2021 | ₪30.2b | ₪146.5b | ₪5.7b | 5.1x | 5.3x | 0.2x |
| Fri, 01 Jan 2021 | ₪26.0b | ₪89.1b | ₪3.5b | 7.7x | 7.4x | 0.3x |
Price to Earnings Ratio
26.5x
Current Industry PE
- Investors are optimistic on the Israeli Insurance industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 15.0x which is higher than its 3-year average PE of 9.0x.
- The industry is trading close to its 3-year average PS ratio of 0.34x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 33% per year over the last three years.
- Revenues for these companies have grown 16% 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 industry?
| IL Market | -0.67% | |
| Financials | -1.26% | |
| Insurance | 1.84% | |
| General Insurance | 1.86% | |
| Insurance Brokers | 0% | |
| Life and Health Insurance | 0% | |
| Reinsurance | 0% | |
| Property and Casualty Insurance | -0.16% | |
Industry PE
- Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 9.0x.
- Analysts are expecting annual earnings growth of 34.8%, which is higher than its past year's earnings decline of 55.0% 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 35% over the next 5 years.
- This is better than its past earnings decline of 55% per year.
- In contrast, the General Insurance industry is expected to see its earnings grow by 35% 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 | ₪28.66 | 5.1% +₪293.4m | -17.4% | PE10.3x | |
| MMHD Menora Mivtachim Holdings | ₪89.00 | 5.3% +₪284.7m | 14.9% | PE11.8x | |
| ZUR Zur Shamir Holdings | ₪4.90 | 11.6% +₪33.2m | -41.4% | PS0.08x | |
| PHOE Phoenix Holdings | ₪35.91 | 0.3% +₪30.3m | -9.1% | PE26x | |
| AYAL Ayalon Insurance | ₪16.58 | 8.7% +₪24.2m | -1.3% | PE8.2x |