Board Change • Jun 25
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 Itzhack Zauberman was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 25
Upcoming dividend of ₪1.06 per share Eligible shareholders must have bought the stock before 01 June 2026. Payment date: 22 June 2026. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Israeli dividend payers (5.5%). Higher than average of industry peers (2.5%). Reported Earnings • May 23
First quarter 2026 earnings released: EPS: ₪1.31 (vs ₪0.15 in 1Q 2025) First quarter 2026 results: EPS: ₪1.31 (up from ₪0.15 in 1Q 2025). Revenue: ₪755.8m (up 25% from 1Q 2025). Net income: ₪18.6m (up ₪16.5m from 1Q 2025). Profit margin: 2.5% (up from 0.3% in 1Q 2025). The increase in margin was driven by higher revenue. 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 17% per year, which means it is well ahead of earnings. New Risk • Apr 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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 Earnings have declined by 9.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: ₪1.69 (vs ₪3.07 in FY 2024) Full year 2025 results: EPS: ₪1.69 (down from ₪3.07 in FY 2024). Revenue: ₪2.52b (down 2.4% from FY 2024). Net income: ₪24.0m (down 45% from FY 2024). Profit margin: 1.0% (down from 1.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Mar 27
Victory Supermarket Chain Ltd, Annual General Meeting, May 06, 2026 Victory Supermarket Chain Ltd, Annual General Meeting, May 06, 2026. Location: co. offices, Israel Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪57.70, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 18x in the Consumer Retailing industry in Israel. Total returns to shareholders of 60% over the past three years. Reported Earnings • Nov 26
Third quarter 2025 earnings released: EPS: ₪1.23 (vs ₪1.12 in 3Q 2024) Third quarter 2025 results: EPS: ₪1.23. Revenue: ₪646.3m (down 6.8% from 3Q 2024). Net income: ₪11.2m (down 30% from 3Q 2024). Profit margin: 1.7% (down from 2.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Announcement • Nov 25
Victory Supermarket Chain Ltd (TASE:VCTR) announces an Equity Buyback for ILS 20 million worth of its shares. Victory Supermarket Chain Ltd (TASE:VCTR) announces a share repurchase program. Under the program, the company will repurchase up to ILS 20 million worth of its ordinary shares. The purpose of the program is that it is a suitable alternative for using the company's liquidity balances to improve the capital return for the company's shareholders. The repurchase program will be funded from company's own resources. The repurchase program is valid till November 23, 2026. Upcoming Dividend • Sep 04
Upcoming dividend of ₪0.49 per share Eligible shareholders must have bought the stock before 11 September 2025. Payment date: 21 September 2025. Trailing yield: 2.2%. Lower than top quartile of Israeli dividend payers (5.7%). Lower than average of industry peers (3.7%). Announcement • Apr 30
Victory Supermarket Chain Ltd, Annual General Meeting, Jun 04, 2025 Victory Supermarket Chain Ltd, Annual General Meeting, Jun 04, 2025. Location: co. offices, Israel Upcoming Dividend • Mar 30
Upcoming dividend of ₪1.41 per share Eligible shareholders must have bought the stock before 06 April 2025. Payment date: 22 April 2025. Trailing yield: 2.5%. Lower than top quartile of Israeli dividend payers (6.3%). Lower than average of industry peers (3.1%). Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: ₪3.10 (vs ₪3.24 in FY 2023) Full year 2024 results: EPS: ₪3.10 (down from ₪3.24 in FY 2023). Revenue: ₪2.58b (up 5.4% from FY 2023). Net income: ₪43.7m (down 5.8% from FY 2023). Profit margin: 1.7% (down from 1.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Feb 20
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 0% Dividend yield: 2.0% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 26
Third quarter 2024 earnings released: EPS: ₪1.12 (vs ₪0.97 in 3Q 2023) Third quarter 2024 results: EPS: ₪1.12 (up from ₪0.97 in 3Q 2023). Revenue: ₪693.3m (up 11% from 3Q 2023). Net income: ₪15.9m (up 15% from 3Q 2023). Profit margin: 2.3% (up from 2.2% in 3Q 2023). 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 fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Oct 27
Victory Supermarket Chain Ltd to Report Q3, 2024 Results on Nov 27, 2024 Victory Supermarket Chain Ltd announced that they will report Q3, 2024 results on Nov 27, 2024 Upcoming Dividend • Aug 29
Upcoming dividend of ₪1.06 per share Eligible shareholders must have bought the stock before 05 September 2024. Payment date: 25 September 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Israeli dividend payers (6.7%). Lower than average of industry peers (3.4%). Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: ₪0.67 (vs ₪0.47 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.67 (up from ₪0.47 in 2Q 2023). Revenue: ₪644.8m (up 6.1% from 2Q 2023). Net income: ₪9.66m (up 43% from 2Q 2023). Profit margin: 1.5% (up from 1.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Jul 22
Victory Supermarket Chain Ltd to Report Q2, 2024 Results on Aug 21, 2024 Victory Supermarket Chain Ltd announced that they will report Q2, 2024 results on Aug 21, 2024 Upcoming Dividend • Apr 04
Upcoming dividend of ₪1.04 per share Eligible shareholders must have bought the stock before 11 April 2024. Payment date: 21 April 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Israeli dividend payers (7.0%). Lower than average of industry peers (3.5%). Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₪3.24 (vs ₪2.57 in FY 2022) Full year 2023 results: EPS: ₪3.24 (up from ₪2.57 in FY 2022). Revenue: ₪2.45b (up 5.9% from FY 2022). Net income: ₪46.5m (up 26% from FY 2022). Profit margin: 1.9% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year. Board Change • Jan 06
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 External Director Irit Tobias was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 22
Third quarter 2023 earnings released: EPS: ₪0.97 (vs ₪0.92 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.97 (up from ₪0.92 in 3Q 2022). Revenue: ₪622.7m (up 4.0% from 3Q 2022). Net income: ₪13.9m (up 20% from 3Q 2022). Profit margin: 2.2% (up from 1.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 22% per year. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: ₪0.47 (vs ₪0.79 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.47 (down from ₪0.79 in 2Q 2022). Revenue: ₪607.6m (up 2.2% from 2Q 2022). Net income: ₪6.76m (down 48% from 2Q 2022). Profit margin: 1.1% (down from 2.2% in 2Q 2022). 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 fallen by 25% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: ₪0.59 (vs ₪0.27 in 1Q 2022) First quarter 2023 results: EPS: ₪0.59 (up from ₪0.27 in 1Q 2022). Revenue: ₪596.6m (up 11% from 1Q 2022). Net income: ₪8.46m (up 117% from 1Q 2022). Profit margin: 1.4% (up from 0.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: ₪2.53 (vs ₪3.50 in FY 2021) Full year 2022 results: EPS: ₪2.53 (down from ₪3.50 in FY 2021). Revenue: ₪2.32b (flat on FY 2021). Net income: ₪36.9m (down 27% from FY 2021). Profit margin: 1.6% (down from 2.2% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Dec 01
Upcoming dividend of ₪0.84 per share Eligible shareholders must have bought the stock before 08 December 2022. Payment date: 18 December 2022. Trailing yield: 2.0%. Lower than top quartile of Israeli dividend payers (6.7%). Lower than average of industry peers (3.3%). Reported Earnings • Nov 25
Third quarter 2022 earnings released: EPS: ₪0.92 (vs ₪0.88 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.92. Revenue: ₪599.0m (up 1.9% from 3Q 2021). Net income: ₪11.6m (down 8.7% from 3Q 2021). Profit margin: 1.9% (down from 2.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: ₪0.79 (vs ₪0.97 in 2Q 2021) Second quarter 2022 results: EPS: ₪0.79 (down from ₪0.97 in 2Q 2021). Revenue: ₪594.8m (up 2.7% from 2Q 2021). Net income: ₪13.0m (down 7.2% from 2Q 2021). Profit margin: 2.2% (down from 2.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be ₪61.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Buying Opportunity • Jul 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be ₪60.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Buying Opportunity • Jun 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be ₪60.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Buying Opportunity • Jun 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be ₪61.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Reported Earnings • May 31
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: ₪0.27 (down from ₪1.08 in 1Q 2021). Revenue: ₪538.9m (down 9.4% from 1Q 2021). Net income: ₪3.90m (down 75% from 1Q 2021). Profit margin: 0.7% (down from 2.6% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent External Director Irit Shadar Tobias 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. Reported Earnings • Mar 31
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: ₪3.50 (down from ₪4.07 in FY 2020). Revenue: ₪2.31b (down 2.7% from FY 2020). Net income: ₪50.7m (down 13% from FY 2020). Profit margin: 2.2% (down from 2.4% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 27
Third quarter 2021 earnings: EPS misses analyst expectations Third quarter 2021 results: EPS: ₪0.88 (down from ₪1.10 in 3Q 2020). Revenue: ₪588.0m (down 4.5% from 3Q 2020). Net income: ₪12.7m (down 20% from 3Q 2020). Profit margin: 2.2% (down from 2.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 3.4%. Over the last 3 years on average, earnings per share has increased by 27% 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 • Sep 03
Second quarter 2021 earnings released: EPS ₪0.89 (vs ₪0.89 in 2Q 2020) The company reported a mediocre second quarter result with flat earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₪592.0m (flat on 2Q 2020). Net income: ₪12.7m (flat on 2Q 2020). Profit margin: 2.1% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Aug 14
Victory Supermarket Chain Ltd(TASE:VCTR) dropped from TA-125 Index Victory Supermarket Chain Ltd has been removed from TA-125 Index. Upcoming Dividend • May 30
Inaugural dividend of ₪0.83 per share Eligible shareholders must have bought the stock before 06 June 2021. Payment date: 14 June 2021. The company last paid an ordinary dividend in March 2018. The average dividend yield among industry peers is 1.8%. Reported Earnings • Mar 25
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₪2.38b (up 36% from FY 2019). Net income: ₪58.1m (up 113% from FY 2019). Profit margin: 2.4% (up from 1.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 04
New 90-day high: ₪78.30 The company is up 11% from its price of ₪70.80 on 03 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 Consumer Retailing industry, which is up 3.0% over the same period. Upcoming Dividend • Nov 29
Upcoming Dividend of ₪1.04 Per Share Will be paid on the 14th of December to those who are registered shareholders by the 6th of December. The company last paid an ordinary dividend in March 2018. The average dividend yield among industry peers is 1.8%. Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS ₪1.10 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₪615.5m (up 38% from 3Q 2019). Net income: ₪15.8m (up 70% from 3Q 2019). Profit margin: 2.6% (up from 2.1% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 10
New 90-day low: ₪74.31 The company is down 13% from its price of ₪85.12 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 Retailing industry, which is up 2.0% over the same period.