Buy Or Sell Opportunity • Jun 11
Now 32% overvalued Over the last 90 days, the stock has fallen 9.7% to ₪24.00. The fair value is estimated to be ₪18.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 12%. Reported Earnings • May 28
First quarter 2026 earnings released: EPS: ₪0.20 (vs ₪0.40 in 1Q 2025) First quarter 2026 results: EPS: ₪0.20 (down from ₪0.40 in 1Q 2025). Revenue: ₪201.7m (up 22% from 1Q 2025). Net income: ₪4.58m (down 51% from 1Q 2025). Profit margin: 2.3% (down from 5.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: ₪1.16 (vs ₪1.96 in FY 2024) Full year 2025 results: EPS: ₪1.16 (down from ₪1.96 in FY 2024). Revenue: ₪727.4m (up 6.2% from FY 2024). Net income: ₪27.7m (down 34% from FY 2024). Profit margin: 3.8% (down from 6.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Mar 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent External Director Ren Bokshpan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 23
Baran Group Ltd to Report Q4, 2025 Results on Mar 23, 2026 Baran Group Ltd announced that they will report Q4, 2025 results on Mar 23, 2026 Announcement • Jan 23
Baran Group Ltd, Annual General Meeting, Mar 01, 2026 Baran Group Ltd, Annual General Meeting, Mar 01, 2026. Location: co. offices, Israel Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₪24.51, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 29x in the Construction industry in Israel. Total returns to shareholders of 186% over the past three years. New Risk • Nov 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin). Reported Earnings • Nov 23
Third quarter 2025 earnings released: EPS: ₪0.44 (vs ₪0.22 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.44 (up from ₪0.22 in 3Q 2024). Revenue: ₪202.1m (up 23% from 3Q 2024). Net income: ₪10.5m (up 115% from 3Q 2024). Profit margin: 5.2% (up from 3.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 07
Baran Group Ltd to Report Q3, 2025 Results on Nov 23, 2025 Baran Group Ltd announced that they will report Q3, 2025 results on Nov 23, 2025 Buy Or Sell Opportunity • Sep 14
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ₪16.50. The fair value is estimated to be ₪20.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 33%. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: ₪0.14 (vs ₪0.60 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.14 (down from ₪0.60 in 2Q 2024). Revenue: ₪182.9m (up 11% from 2Q 2024). Net income: ₪3.34m (down 72% from 2Q 2024). Profit margin: 1.8% (down from 7.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Baran Group Ltd to Report Q2, 2025 Results on Aug 24, 2025 Baran Group Ltd announced that they will report Q2, 2025 results on Aug 24, 2025 New Risk • Jun 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 7.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 111% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Buy Or Sell Opportunity • Jun 03
Now 26% undervalued Over the last 90 days, the stock has risen 7.8% to ₪16.03. The fair value is estimated to be ₪21.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 48%. Reported Earnings • May 29
First quarter 2025 earnings released: EPS: ₪0.40 (vs ₪0.87 in 1Q 2024) First quarter 2025 results: EPS: ₪0.40 (down from ₪0.87 in 1Q 2024). Revenue: ₪164.9m (down 11% from 1Q 2024). Net income: ₪9.36m (down 46% from 1Q 2024). Profit margin: 5.7% (down from 9.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 22
Baran Group Ltd to Report Q1, 2025 Results on Jun 05, 2025 Baran Group Ltd announced that they will report Q1, 2025 results on Jun 05, 2025 New Risk • Apr 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (276% cash payout ratio). Share price has been volatile over the past 3 months (4.9% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (₪366.7m market cap, or US$99.5m). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪15.48, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 24x in the Construction industry in Israel. Total returns to shareholders of 61% over the past three years. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: ₪1.96 (vs ₪2.15 in FY 2023) Full year 2024 results: EPS: ₪1.96 (down from ₪2.15 in FY 2023). Revenue: ₪684.6m (flat on FY 2023). Net income: ₪41.9m (down 2.0% from FY 2023). Profit margin: 6.1% (down from 6.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jan 30
Baran Group Ltd, Annual General Meeting, Mar 06, 2025 Baran Group Ltd, Annual General Meeting, Mar 06, 2025. Location: company offices, Israel Upcoming Dividend • Dec 03
Inaugural dividend of ₪0.85 per share Eligible shareholders must have bought the stock before 10 December 2024. Payment date: 17 December 2024. This is the first dividend for Baran Group since going public. The average dividend yield among industry peers is 1.4%. Reported Earnings • Nov 29
Third quarter 2024 earnings released: EPS: ₪0.22 (vs ₪0.57 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.22 (down from ₪0.57 in 3Q 2023). Revenue: ₪164.9m (up 6.9% from 3Q 2023). Net income: ₪4.89m (down 57% from 3Q 2023). Profit margin: 3.0% (down from 7.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Sep 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ₪12.28. The fair value is estimated to be ₪10.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 59%. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: ₪0.60 (vs ₪0.72 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.60. Revenue: ₪165.0m (down 9.8% from 2Q 2023). Net income: ₪12.0m (up 53% from 2Q 2023). Profit margin: 7.3% (up from 4.3% in 2Q 2023). The increase in margin was driven by lower expenses. Announcement • Aug 26
Baran Group Ltd to Report Q2, 2024 Results on Aug 27, 2024 Baran Group Ltd announced that they will report Q2, 2024 results on Aug 27, 2024 New Risk • Jun 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (₪233.5m market cap, or US$62.0m). Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: ₪0.87 (vs ₪0.33 in 1Q 2023) First quarter 2024 results: EPS: ₪0.87 (up from ₪0.33 in 1Q 2023). Revenue: ₪185.7m (up 54% from 1Q 2023). Net income: ₪17.4m (up 166% from 1Q 2023). Profit margin: 9.4% (up from 5.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 30
Baran Group Ltd to Report Q1, 2024 Results on Jun 05, 2024 Baran Group Ltd announced that they will report Q1, 2024 results on Jun 05, 2024 Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: ₪2.15 (vs ₪0.65 in FY 2022) Full year 2023 results: EPS: ₪2.15 (up from ₪0.65 in FY 2022). Revenue: ₪680.7m (up 76% from FY 2022). Net income: ₪42.8m (up 232% from FY 2022). Profit margin: 6.3% (up from 3.3% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 20
Third quarter 2023 earnings released: EPS: ₪0.57 (vs ₪0.009 loss in 3Q 2022) Third quarter 2023 results: EPS: ₪0.57 (up from ₪0.009 loss in 3Q 2022). Revenue: ₪154.2m (up 87% from 3Q 2022). Net income: ₪11.4m (up ₪11.6m from 3Q 2022). Profit margin: 7.4% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Dec 18
Baran Group Ltd to Report Q3, 2023 Results on Dec 20, 2023 Baran Group Ltd announced that they will report Q3, 2023 results on Dec 20, 2023 Announcement • Nov 26
Baran Group Ltd, Annual General Meeting, Jan 01, 2024 Baran Group Ltd, Annual General Meeting, Jan 01, 2024, at 15:00 Israel Standard Time. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: ₪0.72 (vs ₪0.62 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.72. Revenue: ₪182.8m (up 102% from 2Q 2022). Net income: ₪7.83m (down 37% from 2Q 2022). Profit margin: 4.3% (down from 14% in 2Q 2022). Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: ₪0.33 (vs ₪0.36 loss in 1Q 2022) First quarter 2023 results: EPS: ₪0.33 (up from ₪0.36 loss in 1Q 2022). Revenue: ₪120.4m (up 73% from 1Q 2022). Net income: ₪6.53m (up ₪12.8m from 1Q 2022). Profit margin: 5.4% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: ₪0.65 (vs ₪0.77 in FY 2021) Full year 2022 results: EPS: ₪0.65 (down from ₪0.77 in FY 2021). Revenue: ₪386.9m (up 3.6% from FY 2021). Net income: ₪12.9m (down 15% from FY 2021). Profit margin: 3.3% (down from 4.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Dec 02
Third quarter 2022 earnings released: ₪0.01 loss per share (vs ₪0.05 profit in 3Q 2021) Third quarter 2022 results: ₪0.01 loss per share (down from ₪0.05 profit in 3Q 2021). Revenue: ₪82.7m (down 8.3% from 3Q 2021). Net loss: ₪173.0k (down 117% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Director Nili Mirsky was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Aug 24
Baran Group Ltd to Report Q2, 2022 Results on Aug 23, 2022 Baran Group Ltd announced that they will report Q2, 2022 results at 9:46 AM, Israel Standard Time on Aug 23, 2022 Reported Earnings • Jun 02
First quarter 2022 earnings released: ₪0.31 loss per share (vs ₪0.05 profit in 1Q 2021) First quarter 2022 results: ₪0.31 loss per share (down from ₪0.05 profit in 1Q 2021). Revenue: ₪69.4m (down 19% from 1Q 2021). Net loss: ₪6.25m (down ₪7.30m from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent External Director Avraham Lieber was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 05
Baran Group Ltd to Report Q4, 2021 Results on Apr 03, 2022 Baran Group Ltd announced that they will report Q4, 2021 results on Apr 03, 2022 Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: ₪0.77 (vs ₪0.51 in FY 2020) Full year 2021 results: EPS: ₪0.77 (up from ₪0.51 in FY 2020). Revenue: ₪373.4m (up 3.0% from FY 2020). Net income: ₪15.2m (up 54% from FY 2020). Profit margin: 4.1% (up from 2.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent External Director Avraham Lieber was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent External Director Avraham Lieber was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪0.05 (down from ₪0.11 in 3Q 2020). Revenue: ₪90.1m (down 11% from 3Q 2020). Net income: ₪1.00m (down 52% from 3Q 2020). Profit margin: 1.1% (down from 2.1% in 3Q 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 15% share price gain to ₪9.22, the stock is trading at a trailing P/E ratio of 18.8x, up from the previous P/E ratio of 16.3x. This compares to an average P/E of 19x in the Construction industry in Israel. Total returns to shareholders over the past three years are 34%. Is New 90 Day High Low • Feb 11
New 90-day high: ₪9.22 The company is up 22% from its price of ₪7.54 on 12 November 2020. The Israeli market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 19% share price gain to ₪8.46, the stock is trading at a trailing P/E ratio of 17.3x, up from the previous P/E ratio of 14.5x. This compares to an average P/E of 19x in the Construction industry in Israel. Total returns to shareholders over the past three years are 18%. Is New 90 Day High Low • Jan 19
New 90-day high: ₪8.46 The company is up 4.0% from its price of ₪8.11 on 21 October 2020. The Israeli market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 22% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: EPS ₪0.10 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₪101.7m (up 25% from 3Q 2019). Net income: ₪2.10m (up 468% from 3Q 2019). Profit margin: 2.1% (up from 0.5% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 23
Market bids up stock over the past week After last week's 15% share price gain to ₪8.29, the stock is trading at a trailing P/E ratio of 17.2x, up from the previous P/E ratio of 15x. This compares to an average P/E of 15x in the Construction industry in Israel. Total return to shareholders over the past three years is a loss of 1.5%. Is New 90 Day High Low • Oct 21
New 90-day high: ₪8.10 The company is up 77% from its price of ₪4.56 on 23 July 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 2.0% over the same period. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 17% share price gain to ₪7.23, the stock is trading at a trailing P/E ratio of 15x, up from the previous P/E ratio of 12.8x. This compares to an average P/E of 14x in the Construction industry in Israel. Total return to shareholders over the past three years is a loss of 15%.