Reported Earnings • Aug 14
Second quarter 2026 earnings released: EPS: ₪0.25 (vs ₪0.74 loss in 2Q 2025) Second quarter 2026 results: EPS: ₪0.25 (up from ₪0.74 loss in 2Q 2025). Revenue: ₪871.0m (up 6.6% from 2Q 2025). Net income: ₪80.0m (up ₪230.0m from 2Q 2025). Profit margin: 9.2% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Board Change • Jul 26
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent External Director Avraham Eckstein was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Live News • Jul 21
Isracard Cancels NIS 500 Million Esh Bank Acquisition as Partnership Expires Isracard has dropped its planned acquisition of digital lender Esh Bank after their memorandum of understanding expired without a binding deal, shelving a transaction that had been valued at up to NIS 500 million.
Management cited concerns around Esh Bank’s technology readiness, commercial maturity and the added complexity of founder Nir Zuk’s absence from Israel, and said Isracard will still pursue entry into the banking sector through other potential partners or technologies.
Isracard’s share price is around ₪11.15, with the stock down about 29.7% year to date, which puts extra focus on how the company reshapes its growth plans without this transaction.
The canceled deal keeps Isracard focused on payments for now, while leaving its banking ambitions open but less defined. This puts execution risk and clarity on the next partnership or build option at the center of the story. Reported Earnings • May 24
First quarter 2026 earnings released: EPS: ₪0.14 (vs ₪0.035 in 1Q 2025) First quarter 2026 results: EPS: ₪0.14 (up from ₪0.035 in 1Q 2025). Revenue: ₪779.0m (flat on 1Q 2025). Net income: ₪45.0m (up ₪38.0m from 1Q 2025). Profit margin: 5.8% (up from 0.9% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • May 20
Isracard Ltd., Annual General Meeting, Jun 25, 2026 Isracard Ltd., Annual General Meeting, Jun 25, 2026. Location: co. offices, Israel Reported Earnings • Mar 20
Full year 2025 earnings released Full year 2025 results: Revenue: ₪3.30b (up 9.9% from FY 2024). Net loss: ₪40.0m (down 115% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 05
Isracard Ltd. to Report Q4, 2025 Results on Mar 18, 2026 Isracard Ltd. announced that they will report Q4, 2025 results on Mar 18, 2026 Reported Earnings • Nov 25
Third quarter 2025 earnings released: EPS: ₪0.12 (vs ₪0.39 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.12 (down from ₪0.39 in 3Q 2024). Revenue: ₪888.0m (up 13% from 3Q 2024). Net income: ₪37.0m (down 53% from 3Q 2024). Profit margin: 4.2% (down from 9.9% 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 21% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Nov 05
Isracard Ltd. to Report Q3, 2025 Results on Nov 19, 2025 Isracard Ltd. announced that they will report Q3, 2025 results at 5:14 PM, Israel Standard Time on Nov 19, 2025 Announcement • Oct 02
Isracard Ltd., Annual General Meeting, Nov 10, 2025 Isracard Ltd., Annual General Meeting, Nov 10, 2025. Location: company offices, bnei-brak, Israel New Risk • Sep 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 1.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Reported Earnings • Aug 14
Second quarter 2025 earnings released: ₪0.74 loss per share (vs ₪0.34 profit in 2Q 2024) Second quarter 2025 results: ₪0.74 loss per share (down from ₪0.34 profit in 2Q 2024). Revenue: ₪820.0m (up 13% from 2Q 2024). Net loss: ₪150.0m (down 321% from profit in 2Q 2024). 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 7% per year, which means it is well ahead of earnings. New Risk • Aug 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 1.2% per year over the past 5 years. Announcement • Jul 30
Isracard Ltd. to Report Q2, 2025 Results on Aug 13, 2025 Isracard Ltd. announced that they will report Q2, 2025 results on Aug 13, 2025 Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 38% After last week's 38% share price decline to ₪13.90, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Total returns to shareholders of 105% over the past three years. New Risk • Jul 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪20.79, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Total returns to shareholders of 130% over the past three years. Reported Earnings • May 22
First quarter 2025 earnings released: EPS: ₪0.035 (vs ₪0.32 in 1Q 2024) First quarter 2025 results: EPS: ₪0.035 (down from ₪0.32 in 1Q 2024). Revenue: ₪769.0m (up 11% from 1Q 2024). Net income: ₪7.00m (down 89% from 1Q 2024). Profit margin: 0.9% (down from 9.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Announcement • May 06
Isracard Ltd. to Report Q1, 2025 Results on May 21, 2025 Isracard Ltd. announced that they will report Q1, 2025 results at 5:14 PM, Israel Standard Time on May 21, 2025 Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: ₪1.32 (vs ₪1.26 in FY 2023) Full year 2024 results: EPS: ₪1.32 (up from ₪1.26 in FY 2023). Revenue: ₪2.98b (up 6.2% from FY 2023). Net income: ₪264.0m (up 4.8% from FY 2023). Profit margin: 8.9% (down from 9.0% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Announcement • Feb 20
Isracard Ltd. to Report Q4, 2024 Results on Mar 12, 2025 Isracard Ltd. announced that they will report Q4, 2024 results on Mar 12, 2025 Board Change • Jan 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Ehud Schneorson 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. Announcement • Nov 12
Isracard Ltd., Annual General Meeting, Dec 17, 2024 Isracard Ltd., Annual General Meeting, Dec 17, 2024. Location: co. offices, Israel Announcement • Nov 05
Isracard Ltd. to Report Q3, 2024 Results on Nov 20, 2024 Isracard Ltd. announced that they will report Q3, 2024 results on Nov 20, 2024 Announcement • Oct 31
El Al Israel Airlines Ltd. (TASE:ELAL) cancelled the acquisition of 45% stake in Isracard Ltd. (TASE:ISCD). El Al Israel Airlines Ltd. (TASE:ELAL) offered to acquire 45% stake in Isracard Ltd. (TASE:ISCD) on October 16, 2024. The offer represents Isracard with a valuation of NIS 3.1 billion. The transaction is subject to due diligence investigation.
El Al Israel Airlines Ltd. (TASE:ELAL) cancelled the acquisition of 45% stake in Isracard Ltd. (TASE:ISCD) on October 30, 2024. El Al Israel Airlines believes that the company is unable to complete all the required extensive due diligence process examinations and therefore it is withdrawing its offer. New Risk • Aug 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₪0.34 (vs ₪0.33 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.34 (up from ₪0.33 in 2Q 2023). Revenue: ₪725.0m (flat on 2Q 2023). Net income: ₪68.0m (up 3.0% from 2Q 2023). Profit margin: 9.4% (up from 9.1% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Announcement • Jul 30
Isracard Ltd. to Report Q2, 2024 Results on Aug 15, 2024 Isracard Ltd. announced that they will report Q2, 2024 results on Aug 15, 2024 Buy Or Sell Opportunity • Jun 09
Now 22% overvalued Over the last 90 days, the stock has fallen 6.0% to ₪12.70. The fair value is estimated to be ₪10.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Reported Earnings • May 28
First quarter 2024 earnings released: EPS: ₪0.32 (vs ₪0.28 in 1Q 2023) First quarter 2024 results: EPS: ₪0.32 (up from ₪0.28 in 1Q 2023). Revenue: ₪690.0m (up 1.3% from 1Q 2023). Net income: ₪64.0m (up 16% from 1Q 2023). Profit margin: 9.3% (up from 8.1% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Announcement • May 11
Isracard Ltd. to Report Q1, 2024 Results on May 22, 2024 Isracard Ltd. announced that they will report Q1, 2024 results on May 22, 2024 Board Change • Apr 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Ehud Schneorson 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. Announcement • Mar 11
Isracard Ltd. to Report Fiscal Year 2023 Results on Mar 20, 2024 Isracard Ltd. announced that they will report fiscal year 2023 results on Mar 20, 2024 Announcement • Mar 09
Isracard Ltd., Annual General Meeting, Apr 11, 2024 Isracard Ltd., Annual General Meeting, Apr 11, 2024, at 17:00 Israel Standard Time. Announcement • Jan 27
The Phoenix Holdings Ltd. (TASE:PHOE) acquired an unknown minority stake in Isracard Ltd. (TASE:ISCD). The Phoenix Holdings Ltd. (TASE:PHOE) acquired an unknown minority stake in Isracard Ltd. (TASE:ISCD) on January 25, 2024.
The Phoenix Holdings Ltd. (TASE:PHOE) completed the acquisition of an unknown minority stake in Isracard Ltd. (TASE:ISCD) on January 25, 2024. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: ₪0.40 (vs ₪0.30 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.40 (up from ₪0.30 in 3Q 2022). Revenue: ₪736.0m (up 10.0% from 3Q 2022). Net income: ₪80.0m (up 33% from 3Q 2022). Profit margin: 11% (up from 9.0% in 3Q 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 11% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₪13.45, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 6x in the Consumer Finance industry in Israel. Total returns to shareholders of 44% over the past three years. Announcement • Nov 08
Isracard Ltd. to Report Q3, 2023 Results on Nov 15, 2023 Isracard Ltd. announced that they will report Q3, 2023 results on Nov 15, 2023 New Risk • Nov 05
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 7.3% 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 Earnings have declined by 6.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (6.8% net profit margin). Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₪11.67, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 5x in the Consumer Finance industry in Israel. Total returns to shareholders of 32% over the past three years. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ₪0.33 (vs ₪0.16 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.33 (up from ₪0.16 in 2Q 2022). Revenue: ₪731.0m (up 17% from 2Q 2022). Net income: ₪66.0m (up 106% from 2Q 2022). Profit margin: 9.0% (up from 5.1% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 27
First quarter 2023 earnings released: EPS: ₪0.28 (vs ₪0.25 in 1Q 2022) First quarter 2023 results: EPS: ₪0.28 (up from ₪0.25 in 1Q 2022). Revenue: ₪685.0m (up 29% from 1Q 2022). Net income: ₪55.0m (up 10.0% from 1Q 2022). Profit margin: 8.0% (down from 9.4% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 26
Isracard Ltd. to Report Q1, 2023 Results on May 24, 2023 Isracard Ltd. announced that they will report Q1, 2023 results on May 24, 2023 Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪12.76, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 7x in the Consumer Finance industry in Israel. Total returns to shareholders of 18% over the past three years. Announcement • Jan 10
Harel Insurance Company Ltd. made an offer to acquire Isracard Ltd. (TASE:ISCD) for NIS 2.7 billion. Harel Insurance Company Ltd. made an offer to acquire Isracard Ltd. (TASE:ISCD) for NIS 2.7 billion on January 8, 2023. Announcement • Nov 24
Isracard Ltd. to Report Q3, 2022 Results on Nov 23, 2022 Isracard Ltd. announced that they will report Q3, 2022 results on Nov 23, 2022 Board Change • Nov 16
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Dalia Narkis is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Aug 06
Isracard Ltd. to Report Q2, 2022 Results on Aug 11, 2022 Isracard Ltd. announced that they will report Q2, 2022 results on Aug 11, 2022 Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₪10.10, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. Total loss to shareholders of 15% over the past three years. Announcement • May 19
Isracard Ltd. to Report Q1, 2022 Results on May 18, 2022 Isracard Ltd. announced that they will report Q1, 2022 results on May 18, 2022 Buying Opportunity • May 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be ₪19.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Earnings per share has declined by 24%. Board Change • Apr 27
No independent directors There are 8 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. No independent directors (9 non-independent directors). Director Dalia Narkis is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Mar 13
Upcoming dividend of ₪0.60 per share Eligible shareholders must have bought the stock before 20 March 2022. Payment date: 27 March 2022. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Israeli dividend payers (5.4%). Higher than average of industry peers (1.4%). Announcement • Feb 25
Isracard Ltd. to Report Q4, 2021 Results on Mar 09, 2022 Isracard Ltd. announced that they will report Q4, 2021 results on Mar 09, 2022 Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS ₪0.56 (vs ₪0.32 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₪572.0m (up 39% from 2Q 2020). Net income: ₪113.0m (up 77% from 2Q 2020). Profit margin: 20% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS ₪0.47 (vs ₪1.22 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₪1.81b (down 14% from FY 2019). Net income: ₪93.0m (down 62% from FY 2019). Profit margin: 5.2% (down from 12% in FY 2019). The decrease in margin was driven by lower revenue. Announcement • Mar 11
Isracard Ltd. to Report Q4, 2020 Results on Mar 17, 2021 Isracard Ltd. announced that they will report Q4, 2020 results on Mar 17, 2021 Is New 90 Day High Low • Jan 06
New 90-day high: ₪11.28 The company is up 21% from its price of ₪9.35 on 08 October 2020. The Israeli market is also up 21% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Consumer Finance industry, which is up 24% over the same period. Reported Earnings • Nov 24
Third quarter 2020 earnings released: EPS ₪0.30 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₪480.0m (down 11% from 3Q 2019). Net income: ₪61.0m (down 27% from 3Q 2019). Profit margin: 13% (down from 16% in 3Q 2019). The decrease in margin was driven by lower revenue. Announcement • Nov 15
Isracard Ltd. to Report Q3, 2020 Results on Nov 18, 2020 Isracard Ltd. announced that they will report Q3, 2020 results on Nov 18, 2020 Is New 90 Day High Low • Nov 09
New 90-day high: ₪10.05 The company is up 13% from its price of ₪8.90 on 11 August 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 13
New 90-day high: ₪9.83 The company is up 18% from its price of ₪8.32 on 15 July 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 Finance industry, which is up 7.0% over the same period. Announcement • Sep 13
Isracard Ltd. to Report Q2, 2020 Results on Aug 12, 2020 Isracard Ltd. announced that they will report Q2, 2020 results on Aug 12, 2020