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ASHG

Ashtrom Group TASE:ASHG Stock Report

Last Price

₪74.25

Market Cap

₪7.5b

7D

13.9%

1Y

0.9%

Updated

24 Jun, 2022

Data

Company Financials
ASHG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends3/6

ASHG Stock Overview

Ashtrom Group Ltd. operates as a construction and property company in Israel and internationally.

Ashtrom Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Ashtrom Group
Historical stock prices
Current Share Price₪74.25
52 Week High₪97.57
52 Week Low₪64.91
Beta0.76
1 Month Change-2.43%
3 Month Change-23.22%
1 Year Change0.88%
3 Year Change170.10%
5 Year Change529.24%
Change since IPO429.60%

Recent News & Updates

Jun 12
These 4 Measures Indicate That Ashtrom Group (TLV:ASHG) Is Using Debt Extensively

These 4 Measures Indicate That Ashtrom Group (TLV:ASHG) Is Using Debt Extensively

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Apr 01
Here's Why We Think Ashtrom Group (TLV:ASHG) Is Well Worth Watching

Here's Why We Think Ashtrom Group (TLV:ASHG) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Mar 15
Here's What To Make Of Ashtrom Group's (TLV:ASHG) Decelerating Rates Of Return

Here's What To Make Of Ashtrom Group's (TLV:ASHG) Decelerating Rates Of Return

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Feb 28
We Think Ashtrom Group (TLV:ASHG) Is Taking Some Risk With Its Debt

We Think Ashtrom Group (TLV:ASHG) Is Taking Some Risk With Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

ASHGIL ConstructionIL Market
7D13.9%8.8%4.0%
1Y0.9%-1.8%7.1%

Return vs Industry: ASHG exceeded the IL Construction industry which returned -1.8% over the past year.

Return vs Market: ASHG underperformed the IL Market which returned 7.1% over the past year.

Price Volatility

Is ASHG's price volatile compared to industry and market?
ASHG volatility
ASHG Average Weekly Movement5.8%
Construction Industry Average Movement5.9%
Market Average Movement5.7%
10% most volatile stocks in IL Market8.8%
10% least volatile stocks in IL Market3.7%

Stable Share Price: ASHG is not significantly more volatile than the rest of IL stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ASHG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1963733Gil Gueronhttps://www.ashtrom.co.il

Ashtrom Group Ltd. operates as a construction and property company in Israel and internationally. It constructs various projects comprising infrastructures and mega-projects, residential and public buildings, hotels, office blocks, retail and industrial facilities, industrial building plants, and groundwork and underground infrastructures, as well as educational, community, and security institutions. The company also produces, markets, and sells concrete and mortar products, white autoclaved blocks, gypsum interlocking blocks, waterproofing and insulation systems, adhesives, coatings, cladding materials, and mined and quarried materials for the building industries and the infrastructures sector.

Ashtrom Group Fundamentals Summary

How do Ashtrom Group's earnings and revenue compare to its market cap?
ASHG fundamental statistics
Market Cap₪7.52b
Earnings (TTM)₪819.48m
Revenue (TTM)₪4.60b

9.2x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASHG income statement (TTM)
Revenue₪4.60b
Cost of Revenue₪3.62b
Gross Profit₪985.77m
Other Expenses₪166.30m
Earnings₪819.48m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.10
Gross Margin21.41%
Net Profit Margin17.80%
Debt/Equity Ratio224.7%

How did ASHG perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

37%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ASHG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASHG?

Other financial metrics that can be useful for relative valuation.

ASHG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.3x
Enterprise Value/EBITDA23.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ASHG's PE Ratio compare to its peers?

ASHG PE Ratio vs Peers
The above table shows the PE ratio for ASHG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32.2x

Price-To-Earnings vs Peers: ASHG is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (32.2x).


Price to Earnings Ratio vs Industry

How does ASHG's PE Ratio compare vs other companies in the Construction Industry?

Price-To-Earnings vs Industry: ASHG is good value based on its Price-To-Earnings Ratio (9.2x) compared to the IL Construction industry average (10.7x)


Price to Earnings Ratio vs Fair Ratio

What is ASHG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASHG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ASHG's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ASHG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASHG (₪74.25) is trading below our estimate of fair value (₪210.64)

Significantly Below Fair Value: ASHG is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

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


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Future Growth

How is Ashtrom Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.5%

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 Ashtrom Group 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.


Discover growth companies

  • Examine whether Ashtrom Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Ashtrom Group performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


34.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASHG has a large one-off gain of ₪521.2M impacting its March 31 2022 financial results.

Growing Profit Margin: ASHG's current net profit margins (17.8%) are lower than last year (18.9%).


Past Earnings Growth Analysis

Earnings Trend: ASHG's earnings have grown significantly by 34.5% per year over the past 5 years.

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

Earnings vs Industry: ASHG had negative earnings growth (-4.7%) over the past year, making it difficult to compare to the Construction industry average (98.8%).


Return on Equity

High ROE: Whilst ASHG's Return on Equity (20.71%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Ashtrom Group's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ASHG's short term assets (₪5.0B) exceed its short term liabilities (₪4.5B).

Long Term Liabilities: ASHG's short term assets (₪5.0B) do not cover its long term liabilities (₪7.7B).


Debt to Equity History and Analysis

Debt Level: ASHG's net debt to equity ratio (182.2%) is considered high.

Reducing Debt: ASHG's debt to equity ratio has reduced from 285% to 224.7% over the past 5 years.

Debt Coverage: ASHG's debt is not well covered by operating cash flow (13.9%).

Interest Coverage: ASHG's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


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Dividend

What is Ashtrom Group current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.99%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ASHG's dividend (3.99%) is higher than the bottom 25% of dividend payers in the IL market (2.06%).

High Dividend: ASHG's dividend (3.99%) is low compared to the top 25% of dividend payers in the IL market (6.24%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ASHG has been paying a dividend for less than 10 years.

Growing Dividend: ASHG's dividend payments have increased, but the company has only paid a dividend for 7 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.5%), ASHG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (25.4%), ASHG's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.4yrs

Average management tenure


CEO

Gil Gueron (63 yo)

14.67yrs

Tenure

₪6,332,000

Compensation

Mr. Gil Gueron serves as Chief Executive Officer at Ashtrom Group Ltd. since October 18, 2007 and serves as its Managing Director. Mr. Gueron serves as Chairman and Director at Ashdar Building Company Ltd....


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Gil's total compensation is reasonable compared to companies of similar size in the IL market.

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


Leadership Team

Experienced Management: ASHG's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: ASHG's board of directors are seasoned and experienced ( 12.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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.


Top Shareholders

Company Information

Ashtrom Group Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Ashtrom Group Ltd.
  • Ticker: ASHG
  • Exchange: TASE
  • Founded: 1963
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: ₪7.516b
  • Shares outstanding: 101.22m
  • Website: https://www.ashtrom.co.il

Number of Employees


Location

  • Ashtrom Group Ltd.
  • Yona Kremnitzky 10
  • Tel Aviv
  • 6789910
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.