ICL Group (TLV:ICL) Has More To Do To Multiply In Value Going Forward
Apr 19
Israeli (TA) Chemicals Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies12
- 7D-2.5%
- 3M7.4%
- 1Y-16.0%
- YTD-2.2%
Over the last 7 days, the Chemicals industry has dropped 5.7%, driven by a pullback from ICL Group of 5.7%. The industry has fallen 17% in the last year. As for the next few years, earnings are forecast to decline by 1.2% per annum.
Industry Valuation and Performance
Has the Israeli Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | ₪35.2b | ₪62.8b | ₪4.1b | 9.4x | 8.5x | 0.6x |
| Sun, 17 Mar 2024 | ₪34.6b | ₪61.9b | ₪4.5b | 10.4x | 7.7x | 0.6x |
| Tue, 13 Feb 2024 | ₪32.8b | ₪63.0b | ₪5.4b | 10.1x | 6.1x | 0.5x |
| Thu, 11 Jan 2024 | ₪35.1b | ₪64.5b | ₪5.5b | 10.6x | 6.4x | 0.5x |
| Sat, 09 Dec 2023 | ₪35.4b | ₪63.8b | ₪5.1b | 10.5x | 6.9x | 0.6x |
| Mon, 06 Nov 2023 | ₪36.6b | ₪71.9b | ₪9.6b | 9.7x | 3.8x | 0.5x |
| Wed, 04 Oct 2023 | ₪40.6b | ₪70.6b | ₪9.4b | 11.4x | 4.3x | 0.6x |
| Fri, 01 Sep 2023 | ₪41.8b | ₪70.1b | ₪9.3b | 11.6x | 4.5x | 0.6x |
| Sun, 30 Jul 2023 | ₪44.5b | ₪75.9b | ₪11.2b | 8.3x | 4x | 0.6x |
| Tue, 27 Jun 2023 | ₪38.8b | ₪74.7b | ₪11.0b | 8.1x | 3.5x | 0.5x |
| Thu, 25 May 2023 | ₪41.6b | ₪78.2b | ₪11.9b | 4.8x | 3.5x | 0.5x |
| Sat, 22 Apr 2023 | ₪41.9b | ₪78.5b | ₪13.0b | 4.5x | 3.2x | 0.5x |
| Mon, 20 Mar 2023 | ₪43.0b | ₪78.6b | ₪10.9b | 3.9x | 3.9x | 0.5x |
| Wed, 15 Feb 2023 | ₪49.2b | ₪75.6b | ₪10.3b | 4.6x | 4.8x | 0.7x |
| Fri, 13 Jan 2023 | ₪47.2b | ₪73.3b | ₪10.0b | 4.7x | 4.7x | 0.6x |
| Sun, 11 Dec 2022 | ₪52.9b | ₪74.8b | ₪11.3b | 5.1x | 4.7x | 0.7x |
| Tue, 08 Nov 2022 | ₪56.0b | ₪70.7b | ₪8.3b | 8.7x | 6.8x | 0.8x |
| Thu, 06 Oct 2022 | ₪54.6b | ₪69.9b | ₪8.2b | 8.8x | 6.7x | 0.8x |
| Sat, 03 Sep 2022 | ₪60.4b | ₪63.6b | ₪7.5b | 10.4x | 8.1x | 1x |
| Mon, 01 Aug 2022 | ₪57.9b | ₪67.8b | ₪9.7b | 9.9x | 6x | 0.9x |
| Wed, 29 Jun 2022 | ₪61.8b | ₪59.8b | ₪6.1b | 10.2x | 10.1x | 1x |
| Fri, 27 May 2022 | ₪68.5b | ₪58.2b | ₪6.7b | 11.2x | 10.2x | 1.2x |
| Sun, 24 Apr 2022 | ₪75.6b | ₪50.3b | ₪3.3b | 14.7x | 22.6x | 1.5x |
| Tue, 22 Mar 2022 | ₪68.7b | ₪47.2b | ₪2.8b | 12.3x | 24.7x | 1.5x |
| Thu, 17 Feb 2022 | ₪60.6b | ₪46.8b | ₪2.8b | 13.1x | 22x | 1.3x |
| Sat, 15 Jan 2022 | ₪63.8b | ₪43.4b | ₪2.0b | 13.4x | 31.5x | 1.5x |
| Mon, 13 Dec 2021 | ₪56.2b | ₪43.1b | ₪2.0b | n/a | 28.3x | 1.3x |
| Wed, 10 Nov 2021 | ₪52.4b | ₪41.3b | ₪2.6b | 13.6x | 20.3x | 1.3x |
| Fri, 08 Oct 2021 | ₪47.4b | ₪40.8b | ₪2.1b | 13.1x | 22.6x | 1.2x |
| Sun, 05 Sep 2021 | ₪43.2b | ₪41.1b | ₪2.1b | 13.3x | 20.4x | 1.1x |
| Tue, 03 Aug 2021 | ₪43.6b | ₪41.1b | ₪2.1b | 11.5x | 20.6x | 1.1x |
| Fri, 07 May 2021 | ₪36.8b | ₪39.1b | ₪578.2m | 11.2x | 63.7x | 0.9x |
Price to Earnings Ratio
63.7x
Current Industry PE
- Investors are pessimistic on the Israeli Chemicals 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 8.5x which is lower than its 3-year average PE of 14.6x.
- The industry is trading close to its 3-year average PS ratio of 0.86x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have grown 93% per year over the last three years.
- Revenues for these companies have grown 17% 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 Materials industry?
| IL Market | -0.71% | |
| Materials | -2.33% | |
| Chemicals | -2.54% | |
| Commodity Chemicals | 1.30% | |
| Diversified Chemicals | 0% | |
| Industrial Gases | 0% | |
| Fertilizers and Agricultural Chemicals | -2.94% | |
| Specialty Chemicals | -4.00% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 42.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Commodity Chemicals industry, which is trading close to its 3-year average of 6.6x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Fertilizers and Agricultural Chemicals industry since they expect its earnings to decline by only 1.2% per year over the next 5 years, which isn't as bad as the other industries.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| PLRM Palram Industries (1990) | ₪49.65 | 1.7% +₪21.6m | 91.1% | PE7.8x | |
| RIMO Rimoni Industries | ₪53.46 | 3.5% +₪15.4m | -7.8% | PE10.7x | |
| POLP Polyram Plastic Industries | ₪10.61 | 1.0% +₪10.7m | 20.9% | PE13.9x | |
| KAFR Kafrit Industries (1993) | ₪18.50 | 2.1% +₪9.1m | 15.3% | PE9.4x | |
| RMN Ram-On Investments and Holdings (1999) | ₪10.43 | 2.8% +₪4.7m | -0.8% | PE36.1x |
