Hamat Group (TLV:HAMAT) Is Reinvesting At Lower Rates Of Return
Nov 30
Israeli (TA) Industrials Sector Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies90
- 7D-3.4%
- 3M-5.1%
- 1Y-12.0%
- YTD-5.8%
Over the last 7 days, the Industrials industry has dropped 3.4%, driven by a pullback from Elbit Systems of 6.0%. In contrast, Veridis Environment has gained 5.9%. Overall the industry is down 12% in 12 months. Earnings are forecast to grow by 8.4% annually.
Sector Valuation and Performance
Has the Israeli Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 03 Dec 2023 | ₪100.0b | ₪117.0b | ₪3.8b | 11.6x | 26.5x | 0.9x |
| Tue, 31 Oct 2023 | ₪96.2b | ₪118.3b | ₪3.9b | 10.2x | 24.5x | 0.8x |
| Thu, 28 Sep 2023 | ₪105.1b | ₪117.8b | ₪3.9b | 12.4x | 27.1x | 0.9x |
| Sat, 26 Aug 2023 | ₪106.1b | ₪115.8b | ₪4.7b | 14x | 22.8x | 0.9x |
| Mon, 24 Jul 2023 | ₪109.8b | ₪113.6b | ₪4.8b | 13.9x | 23x | 1x |
| Wed, 21 Jun 2023 | ₪107.0b | ₪113.4b | ₪4.8b | 13.2x | 22.4x | 0.9x |
| Fri, 19 May 2023 | ₪106.9b | ₪111.4b | ₪5.6b | 11.3x | 18.9x | 1x |
| Sun, 16 Apr 2023 | ₪92.1b | ₪109.4b | ₪5.5b | 11x | 16.8x | 0.8x |
| Tue, 14 Mar 2023 | ₪91.0b | ₪111.0b | ₪6.6b | 11.1x | 13.7x | 0.8x |
| Thu, 09 Feb 2023 | ₪99.0b | ₪109.5b | ₪6.6b | 12.3x | 15x | 0.9x |
| Sat, 07 Jan 2023 | ₪100.8b | ₪109.5b | ₪6.6b | 12.8x | 15.2x | 0.9x |
| Mon, 05 Dec 2022 | ₪106.7b | ₪107.8b | ₪6.6b | 13.4x | 16.1x | 1x |
| Wed, 02 Nov 2022 | ₪116.0b | ₪106.4b | ₪6.5b | 14x | 18x | 1.1x |
| Fri, 30 Sep 2022 | ₪114.5b | ₪106.7b | ₪6.5b | 12.6x | 17.7x | 1.1x |
| Sun, 28 Aug 2022 | ₪119.6b | ₪103.5b | ₪5.9b | 15.8x | 20.2x | 1.2x |
| Tue, 26 Jul 2022 | ₪120.5b | ₪102.3b | ₪5.7b | 16.7x | 21.1x | 1.2x |
| Thu, 23 Jun 2022 | ₪112.6b | ₪102.2b | ₪5.9b | 15.2x | 19.2x | 1.1x |
| Sat, 21 May 2022 | ₪114.1b | ₪96.3b | ₪5.5b | 14.6x | 20.6x | 1.2x |
| Mon, 18 Apr 2022 | ₪126.1b | ₪95.2b | ₪5.5b | 16.1x | 23x | 1.3x |
| Wed, 16 Mar 2022 | ₪125.5b | ₪91.6b | ₪4.7b | 16.8x | 26.8x | 1.4x |
| Fri, 11 Feb 2022 | ₪120.3b | ₪91.0b | ₪4.6b | 17.3x | 26.2x | 1.3x |
| Sun, 09 Jan 2022 | ₪116.4b | ₪90.4b | ₪4.6b | 17.2x | 25.5x | 1.3x |
| Tue, 07 Dec 2021 | ₪106.8b | ₪90.7b | ₪4.6b | 15.9x | 23.2x | 1.2x |
| Thu, 04 Nov 2021 | ₪108.0b | ₪87.5b | ₪4.0b | 17.4x | 26.9x | 1.2x |
| Sat, 02 Oct 2021 | ₪103.0b | ₪88.0b | ₪4.0b | 14.8x | 25.5x | 1.2x |
| Mon, 30 Aug 2021 | ₪101.9b | ₪86.9b | ₪3.9b | 14.8x | 26.4x | 1.2x |
| Tue, 06 Jul 2021 | ₪98.2b | ₪86.1b | ₪3.8b | 14.7x | 25.5x | 1.1x |
| Fri, 09 Apr 2021 | ₪88.0b | ₪83.1b | ₪3.5b | 15.4x | 25.4x | 1.1x |
| Thu, 31 Dec 2020 | ₪82.6b | ₪81.0b | ₪2.6b | 16.3x | 31.3x | 1x |
Price to Earnings Ratio
8.1x
Current Industry PE
- Investors are optimistic on the Israeli Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 26.5x which is higher than its 3-year average PE of 22.9x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.85x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 26% per year over the last three years.
- Meanwhile revenues for these companies have grown 9.8% per year.
- This means that although more sales are being generated, 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 Industrials sector?
| IL Market | -1.16% | |
| Industrials | -3.42% | |
| Logistics | 4.73% | |
| Commercial Services | 4.66% | |
| Electrical | 3.27% | |
| Industrials | 0.22% | |
| Marine and Shipping | 0% | |
| Transportation | 0% | |
| Building | -0.063% | |
| Machinery | -0.18% | |
| Professional Services | -1.36% | |
| Infrastructure | -1.70% | |
| Construction | -4.37% | |
| Aerospace & Defense | -4.84% | |
| Trade Distributors | -5.43% | |
| Airlines | -5.76% | |
Industry PE
- Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio of 42.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 8.4% over the next 5 years.
- However this is lower than its past earnings growth rate of 14% per year.
- In contrast, the Aerospace & Defense industry is expected to see its earnings grow by 8.4% 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 | |
|---|---|---|---|---|---|
| VRDS Veridis Environment | ₪20.41 | 5.9% +₪164.0m | -39.1% | PS1.4x | |
| BSEN Bet Shemesh Engines Holdings (1997) | ₪110.00 | 12.5% +₪103.1m | 42.1% | PE4.4x | |
| ELWS Electreon Wireless | ₪76.90 | 9.4% +₪64.6m | 137.4% | PS54.5x | |
| HAMAT Hamat Group | ₪10.08 | 11.3% +₪37.5m | -64.7% | PE5.4x | |
| ETGA ETGA Group | ₪11.44 | 16.1% +₪35.4m | -44.8% | PE9.5x |
