New Risk • Jun 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.5x 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 01
First quarter 2026 earnings released: ₪0.62 loss per share (vs ₪0.53 loss in 1Q 2025) First quarter 2026 results: ₪0.62 loss per share (further deteriorated from ₪0.53 loss in 1Q 2025). Revenue: ₪295.4m (flat on 1Q 2025). Net loss: ₪60.5m (loss widened 16% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Feb 18
Dan Hotels Ltd (TASE:DANH) completed the acquisition of NOMO SOHO LLC from Sapir Corp Ltd. for approximately $120 million. Dan Hotels Ltd (TASE:DANH) agreed to acquire NOMO SOHO LLC from Sapir Corp Ltd. for approximately $130 million on October 26, 2025. A cash consideration of $125 million will be paid by Dan Hotels Ltd. The transaction is subject to approval by the bondholders' meetings for the filing of a petition for protection from creditors (Chapter 11) in the New York court by the hotel company, approval by the New York Bankruptcy Court and Third Party approval.
Yuval Tal and Mark Rutter of Proskauer Rose LLP acted as legal advisor for Dan Hotels Ltd. Dana Firon Gross of Firon Law Firm acted as legal advisor for Dan Hotels Ltd. Stewart Wolf and Andrew W. Albstein of Goldberg Weprin Finkel Goldstein LLP acted as legal advisor for Sapir Corp Ltd.
Dan Hotels Ltd (TASE:DANH) completed the acquisition of NOMO SOHO LLC from Sapir Corp Ltd. for approximately $120 million on February 17, 2026. Reported Earnings • Nov 30
Third quarter 2025 earnings released: EPS: ₪0.29 (vs ₪0.32 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.29 (down from ₪0.32 in 3Q 2024). Revenue: ₪465.2m (up 8.2% from 3Q 2024). Net income: ₪28.6m (down 8.4% from 3Q 2024). Profit margin: 6.1% (down from 7.3% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Nov 03
Dan Hotels Ltd, Annual General Meeting, Dec 09, 2025 Dan Hotels Ltd, Annual General Meeting, Dec 09, 2025. Location: co. offices, Israel Announcement • Oct 27
Dan Hotels Ltd (TASE:DANH) agreed to acquire NOMO SOHO LLC from Sapir Corp Ltd. for approximately $130 million. Dan Hotels Ltd (TASE:DANH) agreed to acquire NOMO SOHO LLC from Sapir Corp Ltd. for approximately $130 million on October 26, 2025. A cash consideration of $125 million will be paid by Dan Hotels Ltd. The transaction is subject to approval by the bondholders' meetings for the filing of a petition for protection from creditors (Chapter 11) in the New York court by the hotel company, approval by the New York Bankruptcy Court and Third Party approval. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: ₪0.06 (vs ₪0.24 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.06 (down from ₪0.24 in 2Q 2024). Revenue: ₪378.2m (down 4.3% from 2Q 2024). Net income: ₪5.44m (down 77% from 2Q 2024). Profit margin: 1.4% (down from 5.9% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 28
First quarter 2025 earnings released: ₪0.53 loss per share (vs ₪0.04 loss in 1Q 2024) First quarter 2025 results: ₪0.53 loss per share (further deteriorated from ₪0.04 loss in 1Q 2024). Revenue: ₪295.8m (down 11% from 1Q 2024). Net loss: ₪52.0m (loss widened ₪48.5m from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. New Risk • Mar 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 94% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.6% net profit margin). Reported Earnings • Mar 29
Full year 2024 earnings released: EPS: ₪0.70 (vs ₪1.26 in FY 2023) Full year 2024 results: EPS: ₪0.70 (down from ₪1.26 in FY 2023). Revenue: ₪1.50b (down 7.3% from FY 2023). Net income: ₪68.4m (down 45% from FY 2023). Profit margin: 4.6% (down from 7.6% in FY 2023). 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 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
Third quarter 2024 earnings released: EPS: ₪0.32 (vs ₪0.38 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.32 (down from ₪0.38 in 3Q 2023). Revenue: ₪429.8m (down 3.8% from 3Q 2023). Net income: ₪31.2m (down 15% from 3Q 2023). Profit margin: 7.3% (down from 8.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Nov 04
Dan Hotels Ltd, Annual General Meeting, Dec 09, 2024 Dan Hotels Ltd, Annual General Meeting, Dec 09, 2024. Location: co. offices, Israel Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: ₪0.24 (vs ₪0.68 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.24 (down from ₪0.68 in 2Q 2023). Revenue: ₪395.2m (down 15% from 2Q 2023). Net income: ₪23.5m (down 65% from 2Q 2023). Profit margin: 5.9% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: ₪1.26 (vs ₪1.05 in FY 2022) Full year 2023 results: EPS: ₪1.26 (up from ₪1.05 in FY 2022). Revenue: ₪1.62b (up 10% from FY 2022). Net income: ₪123.2m (up 20% from FY 2022). Profit margin: 7.6% (up from 7.0% 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 101% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 02
Third quarter 2023 earnings released: EPS: ₪0.38 (vs ₪0.55 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.38 (down from ₪0.55 in 3Q 2022). Revenue: ₪446.8m (up 1.2% from 3Q 2022). Net income: ₪36.7m (down 32% from 3Q 2022). Profit margin: 8.2% (down from 12% 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 110% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: ₪0.68 (vs ₪0.46 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.68 (up from ₪0.46 in 2Q 2022). Revenue: ₪465.6m (up 17% from 2Q 2022). Net income: ₪66.1m (up 47% from 2Q 2022). Profit margin: 14% (up from 11% 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 112% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • May 26
First quarter 2023 earnings released: ₪0.05 loss per share (vs ₪0.32 loss in 1Q 2022) First quarter 2023 results: ₪0.05 loss per share (improved from ₪0.32 loss in 1Q 2022). Revenue: ₪345.8m (up 50% from 1Q 2022). Net loss: ₪5.13m (loss narrowed 84% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: ₪1.05 (vs ₪0.18 in FY 2021) Full year 2022 results: EPS: ₪1.05 (up from ₪0.18 in FY 2021). Revenue: ₪1.47b (up 51% from FY 2021). Net income: ₪102.3m (up 475% from FY 2021). Profit margin: 7.0% (up from 1.8% in FY 2021). 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 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 30
Third quarter 2022 earnings released: EPS: ₪0.55 (vs ₪0.26 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.55 (up from ₪0.26 in 3Q 2021). Revenue: ₪441.6m (up 38% from 3Q 2021). Net income: ₪53.8m (up 111% from 3Q 2021). Profit margin: 12% (up from 8.0% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director David Rubin was the last independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jun 02
First quarter 2022 earnings released: ₪0.32 loss per share (vs ₪0.46 loss in 1Q 2021) First quarter 2022 results: ₪0.32 loss per share (up from ₪0.46 loss in 1Q 2021). Revenue: ₪231.3m (up 66% from 1Q 2021). Net loss: ₪31.5m (loss narrowed 29% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director David Rubin was the last independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: ₪0.18 (vs ₪1.33 loss in FY 2020) Full year 2021 results: EPS: ₪0.18 (up from ₪1.33 loss in FY 2020). Revenue: ₪971.3m (up 30% from FY 2020). Net income: ₪17.8m (up ₪147.0m from FY 2020). Profit margin: 1.8% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 04
Second quarter 2021 earnings released The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ₪254.5m (up 108% from 2Q 2020). Net loss: ₪4.37m (loss narrowed 84% from 2Q 2020). 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. Reported Earnings • Mar 27
Full year 2020 earnings released: ₪1.33 loss per share (vs ₪1.22 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₪747.8m (down 50% from FY 2019). Net loss: ₪129.2m (down 209% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 20
New 90-day low: ₪26.34 The company is down 5.0% from its price of ₪27.87 on 19 November 2020. The Israeli market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: ₪29.47 The company is up 10.0% from its price of ₪26.79 on 20 October 2020. The Israeli market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 42% over the same period. Reported Earnings • Dec 02
Third quarter 2020 earnings released: EPS ₪0.07 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₪241.9m (down 41% from 3Q 2019). Net income: ₪6.95m (down 82% from 3Q 2019). Profit margin: 2.9% (down from 9.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 03
New 90-day high: ₪27.72 The company is up 28% from its price of ₪21.65 on 05 August 2020. The Israeli market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 16% over the same period. Is New 90 Day High Low • Oct 08
New 90-day high: ₪25.80 The company is up 13% from its price of ₪22.74 on 08 July 2020. The Israeli market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 24% over the same period.