TASE:MMHDInsurance
Menora Mivtachim Holdings (TASE:MMHD) Stock Premium Rests On Stronger Margins
The market has been rewarding Menora Mivtachim Holdings, with the stock up over the past month and changing hands at ₪504.8 into this earnings release. The short term story looks upbeat, yet the real headline sits in the profit engine behind the share price. Trailing net profit margin is 23.2%, higher than the 21% level a year ago, and earnings over the last twelve months have been robust.
That kind of profitability is hard to ignore, even as growth expectations moderate and the P/E of 13x...