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BIRM

Birman Wood & HardwareTASE:BIRM Stock Report

Market Cap

₪240.3m

7D

0.2%

1Y

111.0%

Updated

25 Oct, 2021

Data

Company Financials
BIRM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends4/6

BIRM Overview

Birman Wood & Hardware Ltd imports, produces, and markets wood panels, hardware products, kitchen electrical appliances, and laminate flooring parquets.

Price History & Performance

Summary of all time highs, changes and price drops for Birman Wood & Hardware
Historical stock prices
Current Share Price₪22.39
52 Week High₪9.99
52 Week Low₪26.99
Beta0.32
1 Month Change-3.20%
3 Month Change32.56%
1 Year Change111.03%
3 Year Change46.05%
5 Year Change39.07%
Change since IPO1,505.02%

Recent News & Updates

Aug 30
These Return Metrics Don't Make Birman Wood & Hardware (TLV:BIRM) Look Too Strong

These Return Metrics Don't Make Birman Wood & Hardware (TLV:BIRM) Look Too Strong

When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...

May 29
A Look At The Intrinsic Value Of Birman Wood & Hardware Ltd (TLV:BIRM)

A Look At The Intrinsic Value Of Birman Wood & Hardware Ltd (TLV:BIRM)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Birman Wood & Hardware...

Shareholder Returns

BIRMIL BuildingIL Market
7D0.2%3.0%1.3%
1Y111.0%41.3%47.3%

Return vs Industry: BIRM exceeded the IL Building industry which returned 41.3% over the past year.

Return vs Market: BIRM exceeded the IL Market which returned 47.3% over the past year.

Price Volatility

Is BIRM's price volatile compared to industry and market?
BIRM volatility
BIRM Beta0.32
Industry Beta0.61
Market Beta1

Stable Share Price: BIRM is more volatile than 90% of IL stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: BIRM's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of IL stocks.

About the Company

FoundedEmployeesCEOWebsite
1932233Benjamin Birmanhttps://www.birman.co.il

Birman Wood & Hardware Ltd imports, produces, and markets wood panels, hardware products, kitchen electrical appliances, and laminate flooring parquets. The company offers wood products, such as plywood, MDF, chipboard, hardboard, flexboard, pine edge glued panel, panel for construction and decoration, solid lumber, and light weight panel products, as well as designs various products with special overlays. It also imports and markets professional and decorative hardware products for furniture branches.

Birman Wood & Hardware Fundamentals Summary

How do Birman Wood & Hardware's earnings and revenue compare to its market cap?
BIRM fundamental statistics
Market Cap₪240.35m
Earnings (TTM)₪30.84m
Revenue (TTM)₪338.79m

8.0x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BIRM income statement (TTM)
Revenue₪338.79m
Cost of Revenue₪226.47m
Gross Profit₪112.32m
Expenses₪81.48m
Earnings₪30.84m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.80
Gross Margin33.15%
Net Profit Margin9.10%
Debt/Equity Ratio163.6%

How did BIRM perform over the long term?

See historical performance and comparison

Dividends

16.2%

Current Dividend Yield

44%

Payout Ratio

Valuation

Is Birman Wood & Hardware undervalued compared to its fair value and its price relative to the market?

7.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BIRM (₪22.39) is trading above our estimate of fair value (₪13.54)

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


Price To Earnings Ratio

PE vs Industry: BIRM is good value based on its PE Ratio (8x) compared to the IL Building industry average (11x).

PE vs Market: BIRM is good value based on its PE Ratio (8x) compared to the IL market (15x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BIRM's PB Ratio (2.3x) is in line with the IL Building industry average.


Future Growth

How is Birman Wood & Hardware forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.5%

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 Birman Wood & Hardware 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.


Past Performance

How has Birman Wood & Hardware performed over the past 5 years?

2.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIRM has high quality earnings.

Growing Profit Margin: BIRM's current net profit margins (9.1%) are higher than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: BIRM's earnings have grown by 2.6% per year over the past 5 years.

Accelerating Growth: BIRM's earnings growth over the past year (248.4%) exceeds its 5-year average (2.6% per year).

Earnings vs Industry: BIRM earnings growth over the past year (248.4%) exceeded the Building industry 54.3%.


Return on Equity

High ROE: Whilst BIRM's Return on Equity (28.61%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Birman Wood & Hardware's financial position?


Financial Position Analysis

Short Term Liabilities: BIRM's short term assets (₪290.8M) exceed its short term liabilities (₪193.2M).

Long Term Liabilities: BIRM's short term assets (₪290.8M) exceed its long term liabilities (₪54.2M).


Debt to Equity History and Analysis

Debt Level: BIRM's debt to equity ratio (163.6%) is considered high.

Reducing Debt: BIRM's debt to equity ratio has reduced from 198% to 163.6% over the past 5 years.

Debt Coverage: BIRM's debt is not well covered by operating cash flow (11.5%).

Interest Coverage: BIRM's interest payments on its debt are well covered by EBIT (32.3x coverage).


Balance Sheet


Dividend

What is Birman Wood & Hardware current dividend yield, its reliability and sustainability?

16.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BIRM's dividend (16.24%) is higher than the bottom 25% of dividend payers in the IL market (1.96%).

High Dividend: BIRM's dividend (16.24%) is in the top 25% of dividend payers in the IL market (5.77%)


Stability and Growth of Payments

Stable Dividend: BIRM's dividend payments have been volatile in the past 10 years.

Growing Dividend: BIRM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.6%), BIRM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

29.3yrs

Average board tenure


CEO

Benjamin Birman (87 yo)

28.75yrs

Tenure

₪2,393,000

Compensation

Mr. Benjamin Birman has been Chief Executive Officer of Birman Wood & Hardware Ltd. since 1993. Mr. Birman served as the Chairman of Birman Wood & Hardware Ltd until December 14, 2014 and has been its Dire...


CEO Compensation Analysis

Compensation vs Market: Benjamin's total compensation ($USD746.11K) is above average for companies of similar size in the IL market ($USD414.68K).

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


Board Members

Experienced Board: BIRM's board of directors are seasoned and experienced ( 29.3 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

Birman Wood & Hardware Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Birman Wood & Hardware Ltd
  • Ticker: BIRM
  • Exchange: TASE
  • Founded: 1932
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: ₪240.345m
  • Shares outstanding: 11.00m
  • Website: https://www.birman.co.il

Number of Employees


Location

  • Birman Wood & Hardware Ltd
  • Kedmat Galil Industrial Zone
  • Lower Galil
  • Tiberias
  • 14100
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:15
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.