Buy Or Sell Opportunity • Jun 29
Now 21% overvalued Over the last 90 days, the stock has fallen 6.3% to ₪445. The fair value is estimated to be ₪367, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Earnings per share has declined by 65%. Reported Earnings • Jun 01
First quarter 2026 earnings released: ₪0.85 loss per share (vs ₪3.66 profit in 1Q 2025) First quarter 2026 results: ₪0.85 loss per share (down from ₪3.66 profit in 1Q 2025). Revenue: ₪125.6m (down 23% from 1Q 2025). Net loss: ₪3.88m (down 124% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. New Risk • Apr 10
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: ₪18.04 (vs ₪8.49 in FY 2024) Full year 2025 results: EPS: ₪18.04 (up from ₪8.49 in FY 2024). Revenue: ₪568.7m (down 9.9% from FY 2024). Net income: ₪82.5m (up 166% from FY 2024). Profit margin: 14% (up from 4.9% in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Mar 25
Meshulam Levinstein Contracting & Engineering Ltd., Annual General Meeting, May 13, 2026 Meshulam Levinstein Contracting & Engineering Ltd., Annual General Meeting, May 13, 2026. Location: co. offices, Israel Reported Earnings • Nov 30
Third quarter 2025 earnings released: EPS: ₪1.17 (vs ₪3.80 in 3Q 2024) Third quarter 2025 results: EPS: ₪1.17 (down from ₪3.80 in 3Q 2024). Revenue: ₪122.8m (down 30% from 3Q 2024). Net income: ₪5.33m (down 62% from 3Q 2024). Profit margin: 4.3% (down from 7.9% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Oct 16
Meshulam Levinstein Contracting & Engineering Ltd. to Report Q3, 2025 Results on Nov 26, 2025 Meshulam Levinstein Contracting & Engineering Ltd. announced that they will report Q3, 2025 results on Nov 26, 2025 Reported Earnings • Aug 25
Second quarter 2025 earnings released: ₪2.64 loss per share (vs ₪4.98 profit in 2Q 2024) Second quarter 2025 results: ₪2.64 loss per share (down from ₪4.98 profit in 2Q 2024). Revenue: ₪113.5m (down 17% from 2Q 2024). Net loss: ₪12.1m (down 167% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Jul 13
Meshulam Levinstein Contracting & Engineering Ltd. to Report Q2, 2025 Results on Aug 24, 2025 Meshulam Levinstein Contracting & Engineering Ltd. announced that they will report Q2, 2025 results on Aug 24, 2025 Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₪508, the stock trades at a trailing P/E ratio of 62.5x. Average trailing P/E is 24x in the Construction industry in Israel. Total returns to shareholders of 89% over the past three years. Announcement • Jun 30
Meshulam Levinstein Contracting & Engineering Ltd., Annual General Meeting, Jul 31, 2025 Meshulam Levinstein Contracting & Engineering Ltd., Annual General Meeting, Jul 31, 2025. Location: co. offices, Israel Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪405, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 20x in the Construction industry in Israel. Total returns to shareholders of 46% over the past three years. Reported Earnings • May 29
First quarter 2025 earnings released: EPS: ₪3.66 (vs ₪2.75 in 1Q 2024) First quarter 2025 results: EPS: ₪3.66 (up from ₪2.75 in 1Q 2024). Revenue: ₪170.6m (up 3.1% from 1Q 2024). Net income: ₪16.2m (up 62% from 1Q 2024). Profit margin: 9.5% (up from 6.1% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Apr 20
Meshulam Levinstein Contracting & Engineering Ltd. to Report Q1, 2025 Results on May 28, 2025 Meshulam Levinstein Contracting & Engineering Ltd. announced that they will report Q1, 2025 results on May 28, 2025 New Risk • Mar 25
New major risk - Revenue and earnings growth Earnings have declined by 1.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 1.1% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.8% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding). Reported Earnings • Mar 25
Full year 2024 earnings released: EPS: ₪8.49 (vs ₪16.24 in FY 2023) Full year 2024 results: EPS: ₪8.49 (down from ₪16.24 in FY 2023). Revenue: ₪640.6m (up 4.1% from FY 2023). Net income: ₪31.0m (down 48% from FY 2023). Profit margin: 4.8% (down from 9.6% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Feb 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.7% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding). Announcement • Jan 21
Meshulam Levinstein Contracting & Engineering Ltd. to Report Fiscal Year 2024 Results on Mar 25, 2025 Meshulam Levinstein Contracting & Engineering Ltd. announced that they will report fiscal year 2024 results on Mar 25, 2025 Reported Earnings • Nov 26
Third quarter 2024 earnings released: EPS: ₪3.80 (vs ₪4.25 in 3Q 2023) Third quarter 2024 results: EPS: ₪3.80 (down from ₪4.25 in 3Q 2023). Revenue: ₪176.6m (up 27% from 3Q 2023). Net income: ₪13.9m (down 11% from 3Q 2023). Profit margin: 7.9% (down from 11% 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 40% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Oct 29
Meshulam Levinstein Contracting & Engineering Ltd. to Report Q3, 2024 Results on Nov 25, 2024 Meshulam Levinstein Contracting & Engineering Ltd. announced that they will report Q3, 2024 results on Nov 25, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: ₪4.98 (vs ₪3.84 in 2Q 2023) Second quarter 2024 results: EPS: ₪4.98 (up from ₪3.84 in 2Q 2023). Revenue: ₪138.4m (down 5.4% from 2Q 2023). Net income: ₪18.2m (up 30% from 2Q 2023). Profit margin: 13% (up from 9.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% 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 • Jul 18
Meshulam Levinstein Contracting & Engineering Ltd. to Report Q2, 2024 Results on Aug 25, 2024 Meshulam Levinstein Contracting & Engineering Ltd. announced that they will report Q2, 2024 results on Aug 25, 2024 Announcement • Jun 01
Meshulam Levinstein Contracting & Engineering Ltd., Annual General Meeting, Jul 09, 2024 Meshulam Levinstein Contracting & Engineering Ltd., Annual General Meeting, Jul 09, 2024. Location: co. offices, Israel Announcement • May 03
Meshulam Levinstein Contracting & Engineering Ltd. to Report Q1, 2024 Results on May 30, 2024 Meshulam Levinstein Contracting & Engineering Ltd. announced that they will report Q1, 2024 results at 12:46 PM, Israel Standard Time on May 30, 2024 New Risk • Mar 26
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: 9.5% Last year net profit margin: 27% 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 Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (9.5% net profit margin). Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₪16.24 (vs ₪53.11 in FY 2022) Full year 2023 results: EPS: ₪16.24 (down from ₪53.11 in FY 2022). Revenue: ₪627.0m (down 13% from FY 2022). Net income: ₪59.3m (down 69% from FY 2022). Profit margin: 9.5% (down from 27% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year. Announcement • Feb 06
Meshulam Levinstein Contracting & Engineering Ltd. to Report Fiscal Year 2023 Results on Mar 25, 2024 Meshulam Levinstein Contracting & Engineering Ltd. announced that they will report fiscal year 2023 results at 12:46 PM, Israel Standard Time on Mar 25, 2024 Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₪274, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 12x in the Construction industry in Israel. Total returns to shareholders of 59% over the past three years. Reported Earnings • Nov 27
Third quarter 2023 earnings released: EPS: ₪4.25 (vs ₪5.11 in 3Q 2022) Third quarter 2023 results: EPS: ₪4.25 (down from ₪5.11 in 3Q 2022). Revenue: ₪142.5m (down 15% from 3Q 2022). Net income: ₪15.5m (down 17% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: ₪3.84 (vs ₪11.24 in 2Q 2022) Second quarter 2023 results: EPS: ₪3.84 (down from ₪11.24 in 2Q 2022). Revenue: ₪148.0m (down 27% from 2Q 2022). Net income: ₪14.0m (down 66% from 2Q 2022). Profit margin: 9.5% (down from 20% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 28
First quarter 2023 earnings released: EPS: ₪6.58 (vs ₪9.62 in 1Q 2022) First quarter 2023 results: EPS: ₪6.58 (down from ₪9.62 in 1Q 2022). Revenue: ₪187.9m (flat on 1Q 2022). Net income: ₪24.0m (down 32% from 1Q 2022). Profit margin: 13% (down from 19% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 03
Upcoming dividend of ₪3.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 10 April 2023. Payment date: 20 April 2023. Payout ratio is a comfortable 8.2% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Israeli dividend payers (7.9%). In line with average of industry peers (2.4%). Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: ₪53.10 (vs ₪62.79 in FY 2021) Full year 2022 results: EPS: ₪53.10 (down from ₪62.79 in FY 2021). Revenue: ₪731.4m (up 3.1% from FY 2021). Net income: ₪193.8m (down 15% from FY 2021). Profit margin: 27% (down from 32% in FY 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 01
Third quarter 2022 earnings released: EPS: ₪5.11 (vs ₪7.63 in 3Q 2021) Third quarter 2022 results: EPS: ₪5.11 (down from ₪7.63 in 3Q 2021). Revenue: ₪169.2m (up 1.9% from 3Q 2021). Net income: ₪18.6m (down 33% from 3Q 2021). Profit margin: 11% (down from 17% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging 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. 3 experienced directors. 3 highly experienced directors. Independent External Director Sigalit Segal was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₪367, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 13x in the Construction industry in Israel. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₪300, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 12x in the Construction industry in Israel. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₪345, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 13x in the Construction industry in Israel. Total returns to shareholders of 159% over the past three years. 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 Sigalit Segal was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 29
Full year 2021 earnings released: EPS: ₪62.79 (vs ₪12.34 in FY 2020) Full year 2021 results: EPS: ₪62.79 (up from ₪12.34 in FY 2020). Revenue: ₪720.5m (up 8.7% from FY 2020). Net income: ₪229.2m (up 409% from FY 2020). Profit margin: 32% (up from 6.8% in FY 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 19% share price gain to ₪400, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 19x in the Construction industry in Israel. Total returns to shareholders of 214% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₪352, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 19x in the Construction industry in Israel. Total returns to shareholders of 177% over the past three years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₪388, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 19x in the Construction industry in Israel. Total returns to shareholders of 225% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₪452, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 17x in the Construction industry in Israel. Total returns to shareholders of 340% over the past three years. Reported Earnings • Nov 30
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪7.63 (up from ₪6.05 in 3Q 2020). Revenue: ₪167.0m (down 22% from 3Q 2020). Net income: ₪27.8m (up 26% from 3Q 2020). Profit margin: 17% (up from 10% in 3Q 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 16% share price gain to ₪271, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 24x in the Construction industry in Israel. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₪267, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 25x in the Construction industry in Israel. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₪330, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 27x in the Construction industry in Israel. Total returns to shareholders of 154% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 17% share price gain to ₪270, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 21x in the Construction industry in Israel. Total returns to shareholders of 102% over the past three years. Is New 90 Day High Low • Dec 22
New 90-day high: ₪206 The company is up 40% from its price of ₪147 on 23 September 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 9.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₪183 The company is up 34% from its price of ₪136 on 08 September 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 10.0% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: ₪175 The company is up 14% from its price of ₪153 on 20 August 2020. The Israeli market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 4.0% over the same period.