AIM:AFS

Stock Analysis Report

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

Fundamentals

Adequate balance sheet and overvalued.

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


Market Performance


7 Day Return

0%

AFS

-0.8%

GB Machinery

0.08%

GB Market


1 Year Return

25.0%

AFS

1.3%

GB Machinery

3.5%

GB Market

Return vs Industry: AFS exceeded the UK Machinery industry which returned 1.3% over the past year.

Return vs Market: AFS exceeded the UK Market which returned 3.5% over the past year.


Shareholder returns

AFSIndustryMarket
7 Day0%-0.8%0.08%
30 Day2.0%-7.4%-1.3%
90 Day14.0%-11.4%-2.2%
1 Year25.0%25.0%4.3%1.3%9.0%3.5%
3 Year122.5%114.9%19.0%10.2%18.1%3.1%
5 Year36.3%27.8%23.0%6.4%36.2%5.3%

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

Valuation

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

65.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AFS (£2.6) is trading above our estimate of fair value (£0)

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


Price To Earnings Ratio

PE vs Industry: AFS is poor value based on its PE Ratio (65.6x) compared to the Machinery industry average (16.4x).

PE vs Market: AFS is poor value based on its PE Ratio (65.6x) compared to the UK market (16.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AFS is good value based on its PB Ratio (1.3x) compared to the GB Machinery industry average (1.7x).


Next Steps

Future Growth

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

11.1%

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


Past Earnings Growth Analysis

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

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

Earnings vs Industry: AFS had negative earnings growth (-47.8%) over the past year, making it difficult to compare to the Machinery industry average (8.7%).


Return on Equity

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


Return on Assets

ROA vs Industry: AFS's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: AFS's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Amiad Water Systems's financial position?


Financial Position Analysis

Short Term Liabilities: AFS's short term assets ($90.2M) exceeds its short term liabilities ($49.4M)

Long Term Liabilities: AFS's short term assets (90.2M) exceeds its long term liabilities (29.7M)


Debt to Equity History and Analysis

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

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

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

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


Balance Sheet

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

Debt Coverage by Assets: AFS's debt is covered by short term assets (assets are 3.172870x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.0%markettop25%5.4%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: AFS is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AFS's dividend in 3 years as they are not forecast to pay a notable one for the UK 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?

2.9yrs

Average management tenure


CEO

Dori Ivzori (54yo)

2.9yrs

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 ($USD397.25K) is about average for companies of similar size in the UK market ($USD320.72K).

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


Management Age and Tenure

2.9yrs

Average Tenure

48yo

Average Age

Experienced Management: AFS's management team is considered experienced (2.9 years average tenure).


Board Age and Tenure

4.4yrs

Average Tenure

63yo

Average Age

Experienced Board: AFS's board of directors are considered experienced (4.4 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


Management Team

  • Irit Ben-Dov (48yo)

    Head of EMEA

    • Tenure: 4.7yrs
  • Dori Ivzori (54yo)

    CEO & Director

    • Tenure: 2.9yrs
    • Compensation: US$397.25k
  • Ben Gilad

    Company Secretary

    • Tenure: 0yrs
  • Avishay Afriat (41yo)

    VP of Finance & CFO

    • Tenure: 0.6yrs

Board Members

  • Zehava Simon (60yo)

    Non-Executive Director

    • Tenure: 5.6yrs
    • Compensation: US$19.60k
  • Derek Zissman (75yo)

    Statutory External Director

    • Tenure: 4.6yrs
    • Compensation: US$52.25k
  • Jenny Derfler (63yo)

    Non-Executive Director

    • Tenure: 6.2yrs
    • Compensation: US$24.00k
  • Gilead Fortuna (78yo)

    Non-Executive Director

    • Tenure: 4.6yrs
    • Compensation: US$20.54k
  • Oded Rosen (75yo)

    Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: US$20.27k
  • Dori Ivzori (54yo)

    CEO & Director

    • Tenure: 2.9yrs
    • Compensation: US$397.25k
  • Arie Schor

    Statutory External Director

    • Tenure: 1.5yrs
    • Compensation: US$17.43k
  • Yariv Avisar (56yo)

    Non-Executive Chairman

    • Tenure: 1.1yrs
    • 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: AFS
  • Exchange: AIM
  • Founded: 1962
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: UK£58.761m
  • Shares outstanding: 22.69m
  • 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
AFSL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 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 worldw ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:51
End of Day Share Price2019/10/22 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.