Buy Or Sell Opportunity • Aug 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.6% to ₪12.76. The fair value is estimated to be ₪16.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 25%. Buy Or Sell Opportunity • Jul 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.5% to ₪12.77. The fair value is estimated to be ₪16.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 25%. Announcement • Mar 12
M.L.R.N Projects and Trade Ltd., Annual General Meeting, Apr 20, 2026 M.L.R.N Projects and Trade Ltd., Annual General Meeting, Apr 20, 2026. Location: co. offices, Israel Announcement • Mar 10
M.L.R.N Projects and Trade Ltd. to Report Q4, 2025 Results on Mar 11, 2026 M.L.R.N Projects and Trade Ltd. announced that they will report Q4, 2025 results on Mar 11, 2026 Announcement • Nov 13
M.L.R.N Projects and Trade Ltd. to Report Q3, 2025 Results on Nov 17, 2025 M.L.R.N Projects and Trade Ltd. announced that they will report Q3, 2025 results on Nov 17, 2025 Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪12.58, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Total returns to shareholders of 15% over the past three years. Announcement • Aug 11
M.L.R.N Projects and Trade Ltd. to Report Q2, 2025 Results on Aug 13, 2025 M.L.R.N Projects and Trade Ltd. announced that they will report Q2, 2025 results on Aug 13, 2025 Buy Or Sell Opportunity • Jun 24
Now 21% undervalued Over the last 90 days, the stock has risen 20% to ₪10.76. The fair value is estimated to be ₪13.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.4%. Buy Or Sell Opportunity • Jun 08
Now 23% undervalued Over the last 90 days, the stock has risen 17% to ₪10.48. The fair value is estimated to be ₪13.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.4%. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₪9.67, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 14x in the Consumer Finance industry in Asia. Total loss to shareholders of 12% over the past three years. New Risk • May 14
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 6.2% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (43% net profit margin). Market cap is less than US$100m (₪270.6m market cap, or US$76.2m). Announcement • May 11
M.L.R.N Projects and Trade Ltd. to Report Q1, 2025 Results on May 13, 2025 M.L.R.N Projects and Trade Ltd. announced that they will report Q1, 2025 results on May 13, 2025 Announcement • Apr 01
M.L.R.N Projects and Trade Ltd., Annual General Meeting, May 05, 2025 M.L.R.N Projects and Trade Ltd., Annual General Meeting, May 05, 2025. Location: company offices, Israel Board Change • Mar 20
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 Director Assaf Yariv was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 12
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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Profit margins are more than 30% lower than last year (44% net profit margin). Market cap is less than US$100m (₪263.8m market cap, or US$72.3m). Announcement • Mar 05
M.L.R.N Projects and Trade Ltd. to Report Q4, 2024 Results on Mar 10, 2025 M.L.R.N Projects and Trade Ltd. announced that they will report Q4, 2024 results on Mar 10, 2025 New Risk • Dec 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% 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 High level of debt (170% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (45% net profit margin). Market cap is less than US$100m (₪218.4m market cap, or US$60.9m). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₪6.20, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 14x in the Consumer Finance industry in Asia. Total loss to shareholders of 51% over the past three years. Announcement • Aug 09
M.L.R.N Projects and Trade Ltd. to Report Q2, 2024 Results on Aug 19, 2024 M.L.R.N Projects and Trade Ltd. announced that they will report Q2, 2024 results on Aug 19, 2024 New Risk • Jun 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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 High level of debt (162% net debt to equity). Large one-off items impacting financial results. Market cap is less than US$100m (₪175.1m market cap, or US$47.1m). Announcement • May 24
M.L.R.N Projects and Trade Ltd., Annual General Meeting, Jun 27, 2024 M.L.R.N Projects and Trade Ltd., Annual General Meeting, Jun 27, 2024. Location: co. offices, Israel Announcement • May 22
M.L.R.N Projects and Trade Ltd. to Report Q1, 2024 Results on May 21, 2024 M.L.R.N Projects and Trade Ltd. announced that they will report Q1, 2024 results on May 21, 2024 New Risk • Mar 31
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 10% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (250% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₪160.7m market cap, or US$43.6m). Announcement • Mar 28
M.L.R.N Projects and Trade Ltd. to Report Q4, 2023 Results on Apr 02, 2024 M.L.R.N Projects and Trade Ltd. announced that they will report Q4, 2023 results on Apr 02, 2024 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₪4.69, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Total loss to shareholders of 49% over the past three years. Buy Or Sell Opportunity • Jan 31
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 74% to ₪5.83. The fair value is estimated to be ₪4.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 21%. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪4.98, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 9x in the Consumer Finance industry in Israel. Total loss to shareholders of 52% over the past three years. Announcement • Nov 27
M.L.R.N Projects and Trade Ltd. to Report Q3, 2023 Results on Nov 29, 2023 M.L.R.N Projects and Trade Ltd. announced that they will report Q3, 2023 results on Nov 29, 2023 Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₪4.43, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 6x in the Consumer Finance industry in Israel. Total loss to shareholders of 47% over the past year. New Risk • Oct 26
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 7.9% 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: Minor Risks High level of debt (276% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (₪89.3m market cap, or US$21.9m). Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₪3.01, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 5x in the Consumer Finance industry in Israel. Total loss to shareholders of 69% over the past year. New Risk • Aug 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 79% 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 High level of debt (276% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (₪142.2m market cap, or US$37.4m). Buying Opportunity • May 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be ₪8.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 18%. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₪5.61, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 7x in the Consumer Finance industry in Israel. Total loss to shareholders of 61% over the past year. Buying Opportunity • Mar 19
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be ₪8.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 16%. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₪8.50, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. Total loss to shareholders of 44% over the past year. Buying Opportunity • Dec 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be ₪9.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 15%. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent External Director Galit Ribak-Gabbay is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 21% share price gain to ₪11.45, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. Total loss to shareholders of 17% over the past year. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₪8.68, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 14x in the Consumer Finance industry in Asia. Total loss to shareholders of 35% over the past year. Buying Opportunity • Oct 02
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be ₪11.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 14%. Upcoming Dividend • Aug 29
Upcoming dividend of ₪0.15 per share Eligible shareholders must have bought the stock before 05 September 2022. Payment date: 14 September 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Israeli dividend payers (5.9%). Higher than average of industry peers (1.5%). Announcement • Aug 24
M.L.R.N Projects and Trade Ltd. to Report Q2, 2022 Results on Aug 23, 2022 M.L.R.N Projects and Trade Ltd. announced that they will report Q2, 2022 results at 9:46 AM, Israel Standard Time on Aug 23, 2022 Buying Opportunity • Jun 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.0%. The fair value is estimated to be ₪17.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Upcoming Dividend • May 29
Upcoming dividend of ₪0.15 per share Eligible shareholders must have bought the stock before 05 June 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Israeli dividend payers (6.1%). Higher than average of industry peers (1.6%). Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Director Ronen Sternbach is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 15% share price gain to ₪13.90, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. Upcoming Dividend • May 13
Upcoming dividend of ₪0.086 per share Eligible shareholders must have bought the stock before 20 May 2021. Payment date: 01 June 2021. Trailing yield: 0.7%. Lower than top quartile of Israeli dividend payers (5.1%). Lower than average of industry peers (3.0%).