New Risk • Apr 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Upcoming Dividend • Apr 06
Upcoming dividend of ₪0.34 per share Eligible shareholders must have bought the stock before 13 April 2026. Payment date: 04 May 2026. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Israeli dividend payers (5.5%). In line with average of industry peers (1.4%). Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: ₪2.19 (vs ₪2.92 in FY 2024) Full year 2025 results: EPS: ₪2.19 (down from ₪2.92 in FY 2024). Revenue: ₪14.0b (up 13% from FY 2024). Net income: ₪168.0m (down 25% from FY 2024). Profit margin: 1.2% (down from 1.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Mar 19
Electra Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 Electra Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Buy Or Sell Opportunity • Feb 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.4% to ₪95.00. The fair value is estimated to be ₪120, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 14%. Board Change • Jan 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. 2 experienced directors. 4 highly experienced directors. Independent Director Deborah Alhanty was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 26
Third quarter 2025 earnings released: EPS: ₪0.30 (vs ₪0.75 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.30 (down from ₪0.75 in 3Q 2024). Revenue: ₪3.47b (up 12% from 3Q 2024). Net income: ₪23.0m (down 60% from 3Q 2024). Profit margin: 0.7% (down from 1.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Nov 25
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 6.0% 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: Major Risk Debt is not well covered by operating cash flow (9.5% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change). Upcoming Dividend • Aug 31
Upcoming dividend of ₪12.27 per share Eligible shareholders must have bought the stock before 07 September 2025. Payment date: 05 October 2025. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Israeli dividend payers (5.5%). Lower than average of industry peers (1.7%). Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: ₪14.21 (vs ₪14.37 in 2Q 2024) Second quarter 2025 results: EPS: ₪14.21 (down from ₪14.37 in 2Q 2024). Revenue: ₪3.41b (up 14% from 2Q 2024). Net income: ₪55.0m (flat on 2Q 2024). Profit margin: 1.6% (down from 1.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Aug 27
Electra Limited, Annual General Meeting, Sep 30, 2025 Electra Limited, Annual General Meeting, Sep 30, 2025. Location: co. offices, Israel Announcement • Aug 25
Electra Limited to Report Q2, 2025 Results on Aug 27, 2025 Electra Limited announced that they will report Q2, 2025 results on Aug 27, 2025 Reported Earnings • May 29
First quarter 2025 earnings released: EPS: ₪14.61 (vs ₪16.07 in 1Q 2024) First quarter 2025 results: EPS: ₪14.61 (down from ₪16.07 in 1Q 2024). Revenue: ₪3.37b (up 14% from 1Q 2024). Net income: ₪56.0m (down 9.2% from 1Q 2024). Profit margin: 1.7% (down from 2.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • May 26
Electra Limited to Report Q1, 2025 Results on May 28, 2025 Electra Limited announced that they will report Q1, 2025 results on May 28, 2025 Upcoming Dividend • Mar 30
Upcoming dividend of ₪12.29 per share Eligible shareholders must have bought the stock before 06 April 2025. Payment date: 04 May 2025. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Israeli dividend payers (6.3%). Lower than average of industry peers (1.7%). Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: ₪58.29 (vs ₪55.65 in FY 2023) Full year 2024 results: EPS: ₪58.29 (up from ₪55.65 in FY 2023). Revenue: ₪12.3b (up 6.1% from FY 2023). Net income: ₪224.0m (up 4.9% from FY 2023). Profit margin: 1.8% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. Announcement • Mar 24
Electra Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 Electra Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 Reported Earnings • Nov 27
Third quarter 2024 earnings released: EPS: ₪15.00 (vs ₪17.11 in 3Q 2023) Third quarter 2024 results: EPS: ₪15.00 (down from ₪17.11 in 3Q 2023). Revenue: ₪3.11b (up 4.6% from 3Q 2023). Net income: ₪57.6m (down 12% from 3Q 2023). Profit margin: 1.8% (down from 2.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Announcement • Nov 27
Electra Limited, Annual General Meeting, Dec 31, 2024 Electra Limited, Annual General Meeting, Dec 31, 2024. Location: co. offices, Israel Announcement • Nov 21
Electra Limited to Report Q3, 2024 Results on Nov 26, 2024 Electra Limited announced that they will report Q3, 2024 results on Nov 26, 2024 Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪1,480, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 18x in the Construction industry in Israel. Total loss to shareholders of 24% over the past three years. Announcement • Sep 23
Electra Limited(TASE:ELTR) dropped from FTSE All-World Index (USD) Electra Limited(TASE:ELTR) dropped from FTSE All-World Index (USD) Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: ₪14.37 (vs ₪16.32 in 2Q 2023) Second quarter 2024 results: EPS: ₪14.37 (down from ₪16.32 in 2Q 2023). Revenue: ₪2.98b (up 4.3% from 2Q 2023). Net income: ₪55.2m (down 12% from 2Q 2023). Profit margin: 1.8% (down from 2.2% in 2Q 2023). 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 fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Aug 23
Electra Limited to Report Q2, 2024 Results on Aug 25, 2024 Electra Limited announced that they will report Q2, 2024 results on Aug 25, 2024 Announcement • May 28
Electra Limited to Report Q1, 2024 Results on May 28, 2024 Electra Limited announced that they will report Q1, 2024 results on May 28, 2024 Upcoming Dividend • Apr 09
Upcoming dividend of ₪10.42 per share Eligible shareholders must have bought the stock before 15 April 2024. Payment date: 02 May 2024. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Israeli dividend payers (7.1%). Lower than average of industry peers (2.4%). Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: ₪55.65 (vs ₪79.99 in FY 2022) Full year 2023 results: EPS: ₪55.65 (down from ₪79.99 in FY 2022). Revenue: ₪11.6b (up 7.0% from FY 2022). Net income: ₪213.5m (down 30% from FY 2022). Profit margin: 1.8% (down from 2.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 23
Electra Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Electra Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Reported Earnings • Dec 03
Third quarter 2023 earnings released: EPS: ₪17.11 (vs ₪17.97 in 3Q 2022) Third quarter 2023 results: EPS: ₪17.11 (down from ₪17.97 in 3Q 2022). Revenue: ₪2.98b (up 12% from 3Q 2022). Net income: ₪65.6m (down 4.9% from 3Q 2022). Profit margin: 2.2% (down from 2.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Oct 21
Electra Limited, Annual General Meeting, Nov 22, 2023 Electra Limited, Annual General Meeting, Nov 22, 2023, at 17:00 Israel Standard Time. Upcoming Dividend • Aug 28
Upcoming dividend of ₪11.88 per share at 1.5% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 02 October 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Israeli dividend payers (7.1%). Lower than average of industry peers (3.0%). Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: ₪16.32 (vs ₪34.06 in 2Q 2022) Second quarter 2023 results: EPS: ₪16.32 (down from ₪34.06 in 2Q 2022). Revenue: ₪2.86b (up 9.1% from 2Q 2022). Net income: ₪62.6m (down 52% from 2Q 2022). Profit margin: 2.2% (down from 5.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jul 27
Electra Limited announced that it has received funding from Statkraft Ventures GmbH Electra Limited announced that it has raised a round of funding on July 26, 2023. The transaction included participation from Statkraft Ventures GmbH New Risk • Jun 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 49% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 9.2% After last week's 9.2% share price gain to ₪1,571, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 9x in the Construction industry in Israel. Total returns to shareholders of 15% over the past three years. Reported Earnings • Nov 30
Third quarter 2022 earnings released: EPS: ₪17.97 (vs ₪12.32 in 3Q 2021) Third quarter 2022 results: EPS: ₪17.97 (up from ₪12.32 in 3Q 2021). Revenue: ₪2.65b (up 17% from 3Q 2021). Net income: ₪69.0m (up 47% from 3Q 2021). Profit margin: 2.6% (up from 2.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. 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. 4 experienced directors. 4 highly experienced directors. Independent External Director Michal Gur was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Sep 11
Upcoming dividend of ₪10.95 per share Eligible shareholders must have bought the stock before 18 September 2022. Payment date: 02 October 2022. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Israeli dividend payers (6.1%). Lower than average of industry peers (1.8%). Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: ₪34.06 (vs ₪14.74 in 2Q 2021) Second quarter 2022 results: EPS: ₪34.06 (up from ₪14.74 in 2Q 2021). Revenue: ₪2.62b (up 18% from 2Q 2021). Net income: ₪130.1m (up 134% from 2Q 2021). Profit margin: 5.0% (up from 2.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • May 28
First quarter 2022 earnings released: EPS: ₪13.40 (vs ₪12.79 in 1Q 2021) First quarter 2022 results: EPS: ₪13.40 (up from ₪12.79 in 1Q 2021). Revenue: ₪2.59b (up 30% from 1Q 2021). Net income: ₪51.2m (up 6.1% from 1Q 2021). Profit margin: 2.0% (down from 2.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. 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. 5 experienced directors. 3 highly experienced directors. Independent External Director Michal Gur was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 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. 5 experienced directors. 3 highly experienced directors. Independent External Director Michal Gur was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Mar 28
Upcoming dividend of ₪10.47 per share Eligible shareholders must have bought the stock before 04 April 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Israeli dividend payers (5.3%). Lower than average of industry peers (1.4%). 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. 5 experienced directors. 3 highly experienced directors. Independent External Director Michal Gur was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 25
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪12.32 (up from ₪10.00 in 3Q 2020). Revenue: ₪2.27b (up 14% from 3Q 2020). Net income: ₪46.9m (up 25% from 3Q 2020). Profit margin: 2.1% (up from 1.9% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 02
Upcoming dividend of ₪10.53 per share Eligible shareholders must have bought the stock before 09 September 2021. Payment date: 03 October 2021. Trailing yield: 1.1%. Lower than top quartile of Israeli dividend payers (5.3%). Lower than average of industry peers (1.9%). Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS ₪14.74 (vs ₪10.60 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₪2.23b (up 25% from 2Q 2020). Net income: ₪55.6m (up 40% from 2Q 2020). Profit margin: 2.5% (up from 2.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • Mar 28
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₪7.72b (up 10% from FY 2019). Net income: ₪149.6m (down 39% from FY 2019). Profit margin: 1.9% (down from 3.5% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 11
New 90-day high: ₪1,796 The company is up 13% from its price of ₪1,586 on 10 December 2020. The Israeli market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: ₪1,780 The company is up 18% from its price of ₪1,510 on 22 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 21% over the same period. Announcement • Jan 13
Electra Limited (TASE:ELTR) completed the acquisition of 51% stake in Amnon Mesilot Ltd. from Amnon Mesilot Group. Electra Limited (TASE:ELTR) agreed to acquire 51% stake in Amnon Mesilot Ltd. from Amnon Mesilot Group for approximately ILS 150 million in October 2020. Electra Limited (TASE:ELTR) entered into an agreement to acquire Amnon Mesilot Ltd. from Amnon Mesilot Group for approximately ILS 150 million on January 3, 2021. As on January 3, 2021, Electra Limited has announced that it will pay ILS 79 million as an advance to Amnon Sela and and that the payment the final deal will be based on Amnon Mesilot's profit in coming years. Under the agreement, an option was established for the seller and the buyer to make a transaction on the balance of the shares, under the conditions set between them. Upon completion of the transaction, the Amnon Mesilot Group will provide management services to the acquired company, primarily through Eran Sela as Chief Business Officer for a minimum period of five years. Amnon Mesilot reported revenue of ILS 783 million and net profit of 42 million in 2019. This transaction is subject to the fulfillment of a number of conditions precedent, including the approval of the Competition Authority and the approval of the Ministry of Transportation. Sharon Amir, Meital Zimberg Lederman and Golan Kaneti of Naschitz, Brandes, Amir & Co. acted as legal advisor to Electra Limited.
Electra Limited (TASE:ELTR) completed the acquisition of 51% stake in Amnon Mesilot Ltd. from Amnon Mesilot Group on January 12, 2021. Is New 90 Day High Low • Dec 30
New 90-day high: ₪1,758 The company is up 13% from its price of ₪1,549 on 01 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 19% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: ₪1,586 The company is up 10.0% from its price of ₪1,439 on 10 September 2020. The Israeli market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 14% over the same period. 
