Is Now The Time To Put Bank Leumi le-Israel B.M (TLV:LUMI) On Your Watchlist?
Sep 27
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Israeli (TA) Market Analysis & Valuation
UpdatedSep 30, 2024
DataAggregated Company Financials
Companies466
- 7D5.7%
- 3M11.0%
- 1Y3.4%
- YTD2.1%
The market has climbed by 4.5% over the past week, with every sector up and the Financials sector leading the way. The market has been flat overall in the last year. As for the next few years, earnings are expected to grow by 21% per annum.
Market Valuation and Performance
Has the Israeli Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Sep 2024 | ₪838.9b | ₪773.7b | ₪65.5b | 11.9x | 12.8x | 1.1x |
| Wed, 28 Aug 2024 | ₪825.7b | ₪773.7b | ₪63.7b | 11.7x | 13x | 1.1x |
| Fri, 26 Jul 2024 | ₪825.7b | ₪767.8b | ₪60.6b | 12.2x | 13.6x | 1.1x |
| Sun, 23 Jun 2024 | ₪756.3b | ₪770.3b | ₪60.8b | 11.4x | 12.4x | 1x |
| Tue, 21 May 2024 | ₪803.0b | ₪749.4b | ₪58.3b | 12.4x | 13.8x | 1.1x |
| Thu, 18 Apr 2024 | ₪802.2b | ₪754.5b | ₪58.9b | 12x | 13.6x | 1.1x |
| Sat, 16 Mar 2024 | ₪816.5b | ₪746.3b | ₪54.9b | 12.1x | 14.9x | 1.1x |
| Mon, 12 Feb 2024 | ₪784.7b | ₪748.4b | ₪55.5b | 12x | 14.1x | 1x |
| Wed, 10 Jan 2024 | ₪810.8b | ₪756.4b | ₪55.9b | 11.5x | 14.5x | 1.1x |
| Fri, 08 Dec 2023 | ₪785.5b | ₪755.2b | ₪57.0b | 10.6x | 13.8x | 1x |
| Sun, 05 Nov 2023 | ₪726.0b | ₪754.4b | ₪64.5b | 9.7x | 11.2x | 1x |
| Tue, 03 Oct 2023 | ₪813.0b | ₪746.9b | ₪64.7b | 11.5x | 12.6x | 1.1x |
| Thu, 31 Aug 2023 | ₪793.3b | ₪715.7b | ₪66.1b | 11.5x | 12x | 1.1x |
| Sat, 29 Jul 2023 | ₪804.4b | ₪686.4b | ₪71.5b | 10.5x | 11.2x | 1.2x |
| Mon, 26 Jun 2023 | ₪778.9b | ₪682.6b | ₪71.1b | 10.5x | 10.9x | 1.1x |
| Wed, 24 May 2023 | ₪773.9b | ₪668.6b | ₪84.7b | 9.7x | 9.1x | 1.2x |
| Fri, 21 Apr 2023 | ₪730.8b | ₪664.2b | ₪83.5b | 9x | 8.8x | 1.1x |
| Sun, 19 Mar 2023 | ₪737.2b | ₪674.4b | ₪96.7b | 8.4x | 7.6x | 1.1x |
| Tue, 14 Feb 2023 | ₪796.5b | ₪661.5b | ₪96.1b | 8.9x | 8.3x | 1.2x |
| Thu, 12 Jan 2023 | ₪809.2b | ₪657.0b | ₪95.9b | 9.1x | 8.4x | 1.2x |
| Sat, 10 Dec 2022 | ₪831.8b | ₪657.0b | ₪96.4b | 9.2x | 8.6x | 1.3x |
| Mon, 07 Nov 2022 | ₪872.6b | ₪650.2b | ₪92.2b | 10.1x | 9.5x | 1.3x |
| Wed, 05 Oct 2022 | ₪855.7b | ₪648.2b | ₪92.1b | 10.4x | 9.3x | 1.3x |
| Fri, 02 Sep 2022 | ₪953.7b | ₪669.8b | ₪92.3b | 12.1x | 10.3x | 1.4x |
| Sun, 31 Jul 2022 | ₪908.8b | ₪659.8b | ₪89.7b | 11.9x | 10.1x | 1.4x |
| Tue, 28 Jun 2022 | ₪877.9b | ₪653.1b | ₪84.8b | 11.7x | 10.3x | 1.3x |
| Thu, 26 May 2022 | ₪866.8b | ₪649.0b | ₪80.2b | 11.2x | 10.8x | 1.3x |
| Sat, 23 Apr 2022 | ₪1.0t | ₪635.9b | ₪75.5b | 13.5x | 13.4x | 1.6x |
| Mon, 21 Mar 2022 | ₪985.1b | ₪625.7b | ₪64.1b | 14.4x | 15.4x | 1.6x |
| Wed, 16 Feb 2022 | ₪975.0b | ₪620.6b | ₪59.9b | 16.1x | 16.3x | 1.6x |
| Fri, 14 Jan 2022 | ₪1.0t | ₪614.5b | ₪58.5b | 16.3x | 17.2x | 1.6x |
| Sun, 12 Dec 2021 | ₪928.9b | ₪612.7b | ₪58.4b | 15.2x | 15.9x | 1.5x |
| Tue, 09 Nov 2021 | ₪900.3b | ₪587.5b | ₪52.6b | 15.8x | 17.1x | 1.5x |
| Thu, 07 Oct 2021 | ₪816.7b | ₪589.1b | ₪52.1b | 14.5x | 15.7x | 1.4x |
Price to Earnings Ratio
15.7x
Current Market PE
- Investors are relatively neutral on the Israeli market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 12.2x.
Past Earnings Growth
- The earnings for Israeli listed companies have grown 7.9% per year over the last three years.
- Revenues for these companies have grown 9.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Israeli Market?
| IL Market | 5.65% | |
| Materials | 8.91% | |
| Energy | 7.58% | |
| Real Estate | 6.55% | |
| Financials | 6.34% | |
| Industrials | 5.40% | |
| Consumer Discretionary | 5.02% | |
| Consumer Staples | 3.78% | |
| Utilities | 3.52% | |
| Telecom | 3.04% | |
| Tech | 2.57% | |
| Healthcare | 0.62% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
Sector PE
- Investors favour the Utilities sector the most for future growth which is trading above its 3-year average PE ratio.
- The market's confidence is likely because analysts are expecting annual earnings growth of 43.6% which is higher than its past year's earnings decline of 23.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 23% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 12% 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 | Sector | |
|---|---|---|---|---|---|---|
| LUMI Bank Leumi le-Israel B.M | ₪35.85 | 6.7% +₪3.4b | 11.0% | PB0.9x | Financials | |
| MZTF Mizrahi Tefahot Bank | ₪144.10 | 8.1% +₪2.8b | 3.3% | PB1.3x | Financials | |
| POLI Bank Hapoalim B.M | ₪37.10 | 5.5% +₪2.6b | 7.1% | PB0.9x | Financials | |
| AZRG Azrieli Group | ₪259.50 | 7.2% +₪2.1b | 29.0% | PE15.4x | Real Estate | |
| ICL ICL Group | ₪15.95 | 10.8% +₪2.0b | -25.6% | PE12.9x | Materials |
