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) General Insurance Industry Analysis
UpdatedDec 19, 2024
DataAggregated Company Financials
Companies8
- 7D0.8%
- 3M44.4%
- 1Y53.3%
- YTDn/a
In the last week, the General Insurance industry is up 3.6%, with Harel Insurance Investments & Financial Services up 14%. This means that the industry has gained 57% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.
Industry Valuation and Performance
Has the Israeli General Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 19 Dec 2024 | ₪50.0b | ₪140.5b | ₪5.7b | 8.2x | 8.7x | 0.4x |
| Sat, 16 Nov 2024 | ₪43.5b | ₪124.5b | ₪5.5b | 8.3x | 7.9x | 0.3x |
| Mon, 14 Oct 2024 | ₪37.1b | ₪124.5b | ₪5.5b | 7.1x | 6.7x | 0.3x |
| Wed, 11 Sep 2024 | ₪35.8b | ₪124.5b | ₪5.5b | 6.9x | 6.5x | 0.3x |
| Fri, 09 Aug 2024 | ₪34.0b | ₪136.9b | ₪3.7b | 8.8x | 9.1x | 0.2x |
| Sun, 07 Jul 2024 | ₪33.2b | ₪136.9b | ₪3.7b | 8.5x | 8.9x | 0.2x |
| Tue, 04 Jun 2024 | ₪33.8b | ₪124.7b | ₪2.8b | 11.2x | 11.9x | 0.3x |
| Thu, 02 May 2024 | ₪34.0b | ₪121.1b | ₪2.8b | 11x | 12x | 0.3x |
| Sat, 30 Mar 2024 | ₪35.7b | ₪117.9b | ₪2.7b | 11.7x | 13.3x | 0.3x |
| Mon, 26 Feb 2024 | ₪33.4b | ₪113.6b | ₪2.0b | 11.4x | 16.3x | 0.3x |
| Wed, 24 Jan 2024 | ₪31.6b | ₪113.6b | ₪2.0b | 10.2x | 15.4x | 0.3x |
| Fri, 22 Dec 2023 | ₪32.7b | ₪113.6b | ₪2.0b | 10.9x | 16x | 0.3x |
| Sun, 19 Nov 2023 | ₪29.8b | ₪99.9b | ₪1.9b | 11.4x | 15.9x | 0.3x |
| Tue, 17 Oct 2023 | ₪29.5b | ₪99.9b | ₪1.9b | 11.6x | 15.7x | 0.3x |
| Thu, 14 Sep 2023 | ₪32.7b | ₪99.9b | ₪1.9b | 12.3x | 17.4x | 0.3x |
| Sat, 12 Aug 2023 | ₪31.7b | ₪58.2b | ₪966.6m | 13x | 32.8x | 0.5x |
| Mon, 10 Jul 2023 | ₪31.0b | ₪58.2b | ₪966.6m | 12.6x | 32x | 0.5x |
| Wed, 07 Jun 2023 | ₪30.8b | ₪57.0b | ₪1.1b | 11.1x | 27.6x | 0.5x |
| Fri, 05 May 2023 | ₪32.7b | ₪51.9b | ₪4.2b | 7.7x | 7.8x | 0.6x |
| Sun, 02 Apr 2023 | ₪29.6b | ₪53.9b | ₪4.2b | 7.1x | 7.1x | 0.5x |
| Tue, 28 Feb 2023 | ₪29.6b | ₪63.1b | ₪4.8b | 6.9x | 6.2x | 0.5x |
| Thu, 26 Jan 2023 | ₪32.0b | ₪63.1b | ₪4.8b | 7.6x | 6.7x | 0.5x |
| Sat, 24 Dec 2022 | ₪31.2b | ₪63.1b | ₪4.8b | 7.1x | 6.5x | 0.5x |
| Mon, 21 Nov 2022 | ₪32.9b | ₪78.3b | ₪5.2b | 8.2x | 6.3x | 0.4x |
| Wed, 19 Oct 2022 | ₪33.1b | ₪78.3b | ₪5.2b | 8.8x | 6.3x | 0.4x |
| Fri, 16 Sep 2022 | ₪34.8b | ₪81.9b | ₪5.5b | 6.7x | 6.4x | 0.4x |
| Sun, 14 Aug 2022 | ₪36.8b | ₪118.9b | ₪7.9b | 5.3x | 4.6x | 0.3x |
| Tue, 12 Jul 2022 | ₪33.0b | ₪118.9b | ₪7.9b | 4.7x | 4.2x | 0.3x |
| Thu, 09 Jun 2022 | ₪33.4b | ₪130.1b | ₪7.0b | 4.8x | 4.7x | 0.3x |
| Sat, 07 May 2022 | ₪36.4b | ₪138.1b | ₪6.5b | 6x | 5.6x | 0.3x |
| Mon, 04 Apr 2022 | ₪38.7b | ₪139.4b | ₪6.6b | 7x | 5.9x | 0.3x |
| Wed, 02 Mar 2022 | ₪37.1b | ₪143.6b | ₪6.4b | 6.8x | 5.8x | 0.3x |
| Fri, 28 Jan 2022 | ₪36.8b | ₪143.6b | ₪6.4b | 6.9x | 5.7x | 0.3x |
| Sun, 26 Dec 2021 | ₪35.5b | ₪143.6b | ₪6.4b | 6.6x | 5.5x | 0.2x |
Price to Earnings Ratio
5.5x
Current Industry PE
- Investors are pessimistic on the Israeli Multi-line 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 0.36x.
Past Earnings Growth
- The earnings for companies in the Multi-line Insurance industry have declined 3.7% 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 Comparison
How does Israeli General Insurance compare with similar industries?
| 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 PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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 |
