DB:A5F

Stock Analysis Report

Amiad Water Systems

Executive Summary

Amiad Water Systems Ltd., together with its subsidiaries, produces and supplies water filters and filtration systems for the industrial, municipal, ballast water, oil and gas, and irrigation markets worldwide.


Snowflake Analysis

Adequate balance sheet with questionable track record.

Share Price & News

How has Amiad Water Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: A5F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.3%

A5F

-1.0%

DE Machinery

0.3%

DE Market


1 Year Return

39.1%

A5F

-8.4%

DE Machinery

13.8%

DE Market

Return vs Industry: A5F exceeded the German Machinery industry which returned -2.6% over the past year.

Return vs Market: A5F exceeded the German Market which returned 17.1% over the past year.


Shareholder returns

A5FIndustryMarket
7 Day-7.3%-1.0%0.3%
30 Day6.3%-1.1%1.3%
90 Day10.9%3.3%5.2%
1 Year39.1%39.1%-5.5%-8.4%17.4%13.8%
3 Year132.2%124.2%-14.8%-20.9%15.9%5.7%
5 Year85.5%73.8%7.9%-4.3%27.9%10.6%

Price Volatility Vs. Market

How volatile is Amiad Water Systems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Amiad Water Systems undervalued compared to its fair value and its price relative to the market?

68.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: A5F (€3.08) is trading above our estimate of fair value (€0)

Significantly Below Fair Value: A5F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: A5F is poor value based on its PE Ratio (69.1x) compared to the Machinery industry average (16.7x).

PE vs Market: A5F is poor value based on its PE Ratio (69.1x) compared to the German market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate A5F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: A5F is good value based on its PB Ratio (1.4x) compared to the DE Machinery industry average (1.5x).


Next Steps

Future Growth

How is Amiad Water Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.3%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Amiad Water Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Amiad Water Systems performed over the past 5 years?

12.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: A5F has high quality earnings.

Growing Profit Margin: A5F's current net profit margins (1%) are lower than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: A5F's earnings have grown by 12.5% per year over the past 5 years.

Accelerating Growth: A5F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: A5F had negative earnings growth (-47.8%) over the past year, making it difficult to compare to the Machinery industry average (-13.7%).


Return on Equity

High ROE: A5F's Return on Equity (4.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Amiad Water Systems's financial position?


Financial Position Analysis

Short Term Liabilities: A5F's short term assets ($90.2M) exceed its short term liabilities ($49.4M).

Long Term Liabilities: A5F's short term assets ($90.2M) exceed its long term liabilities ($29.7M).


Debt to Equity History and Analysis

Debt Level: A5F's debt to equity ratio (47.2%) is considered high.

Reducing Debt: A5F's debt to equity ratio has reduced from 61% to 47.2% over the past 5 years.

Debt Coverage: A5F's debt is not well covered by operating cash flow (13.4%).

Interest Coverage: A5F's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet

Inventory Level: A5F has a high level of physical assets or inventory.

Debt Coverage by Assets: A5F's debt is covered by short term assets (assets are 3.2x debt).


Next Steps

Dividend

What is Amiad Water Systems's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.3%markettop25%3.6%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate A5F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate A5F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if A5F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if A5F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: A5F is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of A5F's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Amiad Water Systems's salary, the management and board of directors tenure and is there insider trading?

3.2yrs

Average management tenure


CEO

Dori Ivzori (54yo)

3.2yrs

Tenure

US$397,249

Compensation

Mr. Dori Ivzori has been the Chief Executive Officer and Director of Amiad Water Systems Ltd. since November 3, 2016. Mr. Ivzori joined Amiad from Tama Plastic Industry, General Partnership (Tama Plastics) ...


CEO Compensation Analysis

Compensation vs Market: Dori's total compensation ($USD397.25K) is about average for companies of similar size in the German market ($USD425.50K).

Compensation vs Earnings: Dori's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.2yrs

Average Tenure

48yo

Average Age

Experienced Management: A5F's management team is considered experienced (3.2 years average tenure).


Board Age and Tenure

4.5yrs

Average Tenure

61.5yo

Average Age

Experienced Board: A5F's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Irit Ben-Dov (48yo)

    Head of EMEA

    • Tenure: 4.9yrs
  • Dori Ivzori (54yo)

    CEO & Director

    • Tenure: 3.2yrs
    • Compensation: US$397.25k
  • Ben Gilad

    Company Secretary

    • Avishay Afriat (41yo)

      VP of Finance & CFO

      • Tenure: 0.8yrs

    Board Members

    • Zehava Simon (60yo)

      Non-Executive Director

      • Tenure: 5.8yrs
      • Compensation: US$19.60k
    • Derek Zissman (75yo)

      Statutory External Director

      • Tenure: 4.8yrs
      • Compensation: US$52.25k
    • Jenny Derfler (63yo)

      Non-Executive Director

      • Tenure: 6.4yrs
      • Compensation: US$24.00k
    • Oded Rosen (75yo)

      Non-Executive Director

      • Tenure: 4.5yrs
      • Compensation: US$20.27k
    • Dori Ivzori (54yo)

      CEO & Director

      • Tenure: 3.2yrs
      • Compensation: US$397.25k
    • Arie Schor

      Statutory External Director

      • Tenure: 1.8yrs
      • Compensation: US$17.43k
    • Yariv Avisar (56yo)

      Non-Executive Chairman

      • Tenure: 1.3yrs
      • Compensation: US$29.08k

    Company Information

    Amiad Water Systems Ltd.'s company bio, employee growth, exchange listings and data sources


    Key Information

    • Name: Amiad Water Systems Ltd.
    • Ticker: A5F
    • Exchange: DB
    • Founded: 1962
    • Industry: Industrial Machinery
    • Sector: Capital Goods
    • Market Cap: UK£60.833m
    • Listing Market Cap: UK£72.108m
    • Shares outstanding: 22.70m
    • Website: https://www.amiad.com

    Location

    • Amiad Water Systems Ltd.
    • D.N. Galil Elyon 1
    • Upper Galilee
    • 12335
    • Israel

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    AFSAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPDec 2005
    A5FDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2005

    Biography

    Amiad Water Systems Ltd., together with its subsidiaries, produces and supplies water filters and filtration systems for the industrial, municipal, ballast water, oil and gas, and irrigation markets worldwide. It offers automatic, semi automatic, and manual filters, as well as fertigation injectors for farmers and large agricultural co-ops; automatic filters for industrial sector; and develops, manufactures, and distributes water treatment and filtration solutions for potable water and wastewater in various applications, such as pre-filtration for UV and tertiary treatment, and polishing, as well as for MF, UF, NF, and RO membranes. The company was formerly known as Amiad Filtration Systems Ltd. and changed its name to Amiad Water Systems Ltd. in September 2011. Amiad Water Systems Ltd. was founded in 1962 and is headquartered in Upper Galilee, Israel. 


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2020/01/26 21:05
    End of Day Share Price2020/01/24 00:00
    Earnings2019/06/30
    Annual Earnings2018/12/31


    Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.