Announcement • Jun 15
Netanel Group Ltd, Annual General Meeting, Jun 29, 2026 Netanel Group Ltd, Annual General Meeting, Jun 29, 2026. Location: co. offices, Israel Reported Earnings • Jun 01
First quarter 2026 earnings released: ₪0.82 loss per share (vs ₪0.13 loss in 1Q 2025) First quarter 2026 results: ₪0.82 loss per share (further deteriorated from ₪0.13 loss in 1Q 2025). Revenue: ₪144.0m (up 322% from 1Q 2025). Net loss: ₪25.0m (loss widened ₪21.5m from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. New Risk • Apr 20
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 Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 13% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₪296.1m market cap, or US$99.7m). Reported Earnings • Apr 05
Full year 2025 earnings released: EPS: ₪0.30 (vs ₪0.34 loss in FY 2024) Full year 2025 results: EPS: ₪0.30 (up from ₪0.34 loss in FY 2024). Revenue: ₪381.1m (up 173% from FY 2024). Net income: ₪8.64m (up ₪18.3m from FY 2024). Profit margin: 2.3% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Feb 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₪310.5m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization 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 (0.5x net interest cover). Earnings have declined by 9.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₪310.5m market cap, or US$99.5m). Announcement • Jan 20
Netanel Group Ltd announced that it has received ILS 45.000007 million in funding from Leumi Partners Ltd. On January 19, 2026, Netanel Group Ltd closed the transaction. New Risk • Dec 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₪318.1m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization 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 (0.5x net interest cover). Earnings have declined by 9.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₪318.1m market cap, or US$99.9m). Reported Earnings • Nov 30
Third quarter 2025 earnings released: ₪0.38 loss per share (vs ₪0.02 loss in 3Q 2024) Third quarter 2025 results: ₪0.38 loss per share (further deteriorated from ₪0.02 loss in 3Q 2024). Revenue: ₪92.6m (up 139% from 3Q 2024). Net loss: ₪8.29m (loss widened ₪7.97m from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Sep 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₪333.6m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization 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 (0.5x net interest cover). Earnings have declined by 4.1% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₪333.6m market cap, or US$99.9m). Reported Earnings • Aug 31
Second quarter 2025 earnings released: ₪0.03 loss per share (vs ₪0.18 loss in 2Q 2024) Second quarter 2025 results: ₪0.03 loss per share (improved from ₪0.18 loss in 2Q 2024). Revenue: ₪46.2m (up 101% from 2Q 2024). Net income: ₪5.26m (up ₪10.5m from 2Q 2024). Profit margin: 11% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Aug 06
Now 21% undervalued Over the last 90 days, the stock has risen 5.6% to ₪12.92. The fair value is estimated to be ₪16.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 29
First quarter 2025 earnings released: ₪0.13 loss per share (vs ₪0.11 loss in 1Q 2024) First quarter 2025 results: ₪0.13 loss per share (further deteriorated from ₪0.11 loss in 1Q 2024). Revenue: ₪34.2m (up 25% from 1Q 2024). Net loss: ₪3.54m (loss widened 15% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Mar 29
Full year 2024 earnings released: ₪0.34 loss per share (vs ₪4.53 profit in FY 2023) Full year 2024 results: ₪0.34 loss per share (down from ₪4.53 profit in FY 2023). Revenue: ₪139.4m (down 62% from FY 2023). Net loss: ₪9.64m (down 108% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Mar 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₪346.9m (US$93.7m) This is considered a minor risk. Companies with a small market capitalization 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 Risk Interest payments are not well covered by earnings (0.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₪346.9m market cap, or US$93.7m). Buy Or Sell Opportunity • Mar 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.0% to ₪13.82. The fair value is estimated to be ₪17.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Board Change • Dec 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. 4 experienced directors. 2 highly experienced directors. Independent Director Moshe Kahlon was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 21
Third quarter 2024 earnings released: ₪0.02 loss per share (vs ₪0.02 profit in 3Q 2023) Third quarter 2024 results: ₪0.02 loss per share (down from ₪0.02 profit in 3Q 2023). Revenue: ₪38.7m (down 24% from 3Q 2023). Net loss: ₪326.0k (down 157% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Nov 14
Netanel Group Ltd, Annual General Meeting, Dec 19, 2024 Netanel Group Ltd, Annual General Meeting, Dec 19, 2024. Location: co. offices, Israel Reported Earnings • Aug 23
Second quarter 2024 earnings released: ₪0.18 loss per share (vs ₪4.28 profit in 2Q 2023) Second quarter 2024 results: ₪0.18 loss per share (down from ₪4.28 profit in 2Q 2023). Revenue: ₪23.0m (down 91% from 2Q 2023). Net loss: ₪5.24m (down 104% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: ₪4.53 (vs ₪0.081 in FY 2022) Full year 2023 results: EPS: ₪4.53 (up from ₪0.081 in FY 2022). Revenue: ₪362.8m (up 50% from FY 2022). Net income: ₪128.0m (up ₪125.7m from FY 2022). Profit margin: 35% (up from 1.0% in FY 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 02
Third quarter 2023 earnings released: EPS: ₪0.02 (vs ₪0.42 loss in 3Q 2022) Third quarter 2023 results: EPS: ₪0.02 (up from ₪0.42 loss in 3Q 2022). Revenue: ₪50.7m (up 38% from 3Q 2022). Net income: ₪569.0k (up ₪12.4m from 3Q 2022). Profit margin: 1.1% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: ₪4.28 (vs ₪0.06 in 2Q 2022) Second quarter 2023 results: EPS: ₪4.28 (up from ₪0.06 in 2Q 2022). Revenue: ₪252.3m (up 329% from 2Q 2022). Net income: ₪120.9m (up ₪119.1m from 2Q 2022). Profit margin: 48% (up from 3.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: ₪0.19 (vs ₪0.51 in 1Q 2022) First quarter 2023 results: EPS: ₪0.19 (down from ₪0.51 in 1Q 2022). Revenue: ₪23.4m (down 80% from 1Q 2022). Net income: ₪5.41m (down 61% from 1Q 2022). Profit margin: 23% (up from 12% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to ₪7.60, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 16x in the Consumer Durables industry in Israel. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₪10.90, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 16x in the Consumer Durables industry in Israel. Total returns to shareholders of 63% over the past three years. Board Change • Jul 23
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 Estiri Gilaz-Ran 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. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₪13.91, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 14x in the Consumer Durables industry in Israel. Total returns to shareholders of 195% 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 ₪15.18, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 16x in the Consumer Durables industry in Israel. Total returns to shareholders of 229% over the past three years. Reported Earnings • Dec 04
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪0.42 (up from ₪0.066 in 3Q 2020). Revenue: ₪60.8m (down 4.7% from 3Q 2020). Net income: ₪11.8m (up ₪9.97m from 3Q 2020). Profit margin: 20% (up from 2.9% in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS ₪0.73 (vs ₪1.33 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₪208.4m (up 83% from FY 2019). Net income: ₪20.6m (down 45% from FY 2019). Profit margin: 9.9% (down from 33% in FY 2019). 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 29% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 02
New 90-day high: ₪9.97 The company is up 80% from its price of ₪5.55 on 04 November 2020. The Israeli market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 28% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: ₪7.89 The company is up 41% from its price of ₪5.59 on 07 October 2020. The Israeli market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: ₪7.42 The company is up 38% from its price of ₪5.37 on 15 September 2020. The Israeli market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 16% share price gain to ₪6.25, the stock is trading at a trailing P/E ratio of 4.9x, up from the previous P/E ratio of 4.2x. This compares to an average P/E of 20x in the Consumer Durables industry in Asia. Total returns to shareholders over the past three years are 4.3%. Is New 90 Day High Low • Nov 10
New 90-day high: ₪6.15 The company is up 5.0% from its price of ₪5.88 on 12 August 2020. The Israeli market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 9.0% over the same period.