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OPAL

Opal Balance Investments TASE:OPAL Stock Report

Last Price

₪2.65

Market Cap

₪277.0m

7D

-2.6%

1Y

-11.0%

Updated

28 Sep, 2022

Data

Company Financials
OPAL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends3/6

OPAL Stock Overview

Opal Balance Investments Ltd provides various financing solutions in Israel.

Opal Balance Investments Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Opal Balance Investments
Historical stock prices
Current Share Price₪2.65
52 Week High₪3.30
52 Week Low₪2.60
Beta0.80
1 Month Change-5.60%
3 Month Change-6.56%
1 Year Change-11.02%
3 Year Change-18.87%
5 Year Change6.30%
Change since IPO27.00%

Recent News & Updates

Apr 08
Would Opal Balance Investments Ltd (TLV:OPAL) Be Valuable To Income Investors?

Would Opal Balance Investments Ltd (TLV:OPAL) Be Valuable To Income Investors?

Is Opal Balance Investments Ltd ( TLV:OPAL ) a good dividend stock? How can we tell? Dividend paying companies with...

Mar 13
Opal Balance Investments Ltd (TLV:OPAL) Looks Interesting, And It's About To Pay A Dividend

Opal Balance Investments Ltd (TLV:OPAL) Looks Interesting, And It's About To Pay A Dividend

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Opal Balance...

Feb 22
Shareholders Of Opal Balance Investments (TLV:OPAL) Must Be Happy With Their 69% Return

Shareholders Of Opal Balance Investments (TLV:OPAL) Must Be Happy With Their 69% Return

By buying an index fund, you can roughly match the market return with ease. But if you buy good businesses at...

Shareholder Returns

OPALIL Diversified FinancialIL Market
7D-2.6%-2.7%-2.9%
1Y-11.0%-13.6%1.7%

Return vs Industry: OPAL exceeded the IL Diversified Financial industry which returned -13% over the past year.

Return vs Market: OPAL underperformed the IL Market which returned 3.5% over the past year.

Price Volatility

Is OPAL's price volatile compared to industry and market?
OPAL volatility
OPAL Average Weekly Movement3.9%
Diversified Financial Industry Average Movement3.6%
Market Average Movement4.6%
10% most volatile stocks in IL Market7.9%
10% least volatile stocks in IL Market3.1%

Stable Share Price: OPAL is not significantly more volatile than the rest of IL stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OPAL's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200655Daniel Mizrahihttps://www.opalbalance.co.il

Opal Balance Investments Ltd provides various financing solutions in Israel. The company offers financing solutions, such as commercial checks discounts, financing and guarantee against credit checks, completion of entrepreneurs equity, forex services, and money transfer services to importers and exporters. It also provides digital messenger services and terminals.

Opal Balance Investments Fundamentals Summary

How do Opal Balance Investments's earnings and revenue compare to its market cap?
OPAL fundamental statistics
Market Cap₪277.00m
Earnings (TTM)₪30.22m
Revenue (TTM)₪67.27m

9.2x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OPAL income statement (TTM)
Revenue₪67.27m
Cost of Revenue₪19.94m
Gross Profit₪47.33m
Other Expenses₪17.11m
Earnings₪30.22m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.29
Gross Margin70.36%
Net Profit Margin44.92%
Debt/Equity Ratio190.5%

How did OPAL perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

52%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is OPAL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OPAL?

Other financial metrics that can be useful for relative valuation.

OPAL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does OPAL's PE Ratio compare to its peers?

OPAL PE Ratio vs Peers
The above table shows the PE ratio for OPAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.4x
MCMN Michman Besd
46.1xn/a₪291.1m
GMLA Gamla - Harel Residential Real-Estate
10.7xn/a₪260.6m
MCLL Michlol Finance
22.4xn/a₪293.0m
MNIF Menif Financial Services
10.3xn/a₪585.3m
OPAL Opal Balance Investments
9.2xn/a₪277.0m

Price-To-Earnings vs Peers: OPAL is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (22.4x).


Price to Earnings Ratio vs Industry

How does OPAL's PE Ratio compare vs other companies in the Asian Diversified Financial Industry?

Price-To-Earnings vs Industry: OPAL is good value based on its Price-To-Earnings Ratio (9.2x) compared to the Asian Diversified Financial industry average (14.2x)


Price to Earnings Ratio vs Fair Ratio

What is OPAL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OPAL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate OPAL's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of OPAL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OPAL (₪2.65) is trading below our estimate of fair value (₪3.03)

Significantly Below Fair Value: OPAL is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Opal Balance Investments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.1%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Opal Balance Investments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Opal Balance Investments is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Opal Balance Investments performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OPAL has high quality earnings.

Growing Profit Margin: OPAL's current net profit margins (44.9%) are higher than last year (42.7%).


Past Earnings Growth Analysis

Earnings Trend: OPAL's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: OPAL's earnings growth over the past year (33.9%) exceeds its 5-year average (10% per year).

Earnings vs Industry: OPAL earnings growth over the past year (33.9%) exceeded the Diversified Financial industry 22.5%.


Return on Equity

High ROE: OPAL's Return on Equity (16%) is considered low.


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Financial Health

How is Opal Balance Investments's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: OPAL's short term assets (₪452.4M) exceed its short term liabilities (₪367.1M).

Long Term Liabilities: OPAL's short term assets (₪452.4M) exceed its long term liabilities (₪6.6M).


Debt to Equity History and Analysis

Debt Level: OPAL's net debt to equity ratio (178.1%) is considered high.

Reducing Debt: OPAL's debt to equity ratio has reduced from 274.1% to 190.5% over the past 5 years.

Debt Coverage: OPAL's debt is not well covered by operating cash flow (4.6%).

Interest Coverage: Insufficient data to determine if OPAL's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Opal Balance Investments's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.84%

Current Dividend Yield

Dividend Yield vs Market

Opal Balance Investments Dividend Yield vs Market
How does Opal Balance Investments dividend yield compare to the market?
SegmentDividend Yield
Company (Opal Balance Investments)4.8%
Market Bottom 25% (IL)2.1%
Market Top 25% (IL)6.5%
Industry Average (Diversified Financial)4.8%
Analyst forecast in 3 Years (Opal Balance Investments)n/a

Notable Dividend: OPAL's dividend (4.84%) is higher than the bottom 25% of dividend payers in the IL market (2%).

High Dividend: OPAL's dividend (4.84%) is low compared to the top 25% of dividend payers in the IL market (6.31%).


Stability and Growth of Payments

Stable Dividend: OPAL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: OPAL has only been paying a dividend for 6 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (51.5%), OPAL's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (86.4%), OPAL's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.3yrs

Average board tenure


CEO

Daniel Mizrahi (51 yo)

9.25yrs

Tenure

Mr. Daniel Mizrahi serves as the Chief Executive Officer at Opal Balance Investments Ltd. Mr. Mizrahi served as Chief Executive Officer in Opal Balance (2006) Ltd. He serves as Director of Opal Balance (20...


Board Members

Experienced Board: OPAL's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of OPAL?
Owner TypeNumber of SharesOwnership Percentage
Public Companies50,6000.05%
Institutions21,015,68520.1%
General Public25,102,58324.0%
Individual Insiders58,436,89855.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 75.96% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11.45%
Daniel Mizrahi
11,977,643₪31.7m0%no data
11.45%
Michael Eitan
11,977,107₪31.7m0%no data
11.44%
Shahar Mizrahi
11,969,875₪31.7m0%no data
7.9%
Yaoshua Mizrahi
8,260,231₪21.9m0.02%no data
6.95%
Oded Eitan
7,270,534₪19.3m0%no data
6.67%
Oren Ben-Yair
6,981,508₪18.5m0%no data
6.06%
The Phoenix Excellence Pension & Provident Fund Ltd.
6,344,020₪16.8m0%0.07%
3.37%
Intergemel Provident Funds and Pension Ltd.
3,520,837₪9.3m0%0.44%
1.6%
Forest Investments Ltd.
1,676,747₪4.4m0.15%1.1%
1.57%
More Mutual Funds Management (2013) Ltd.
1,647,497₪4.4m0%0.07%
1.51%
Ayalon Mutual Funds Ltd.
1,575,683₪4.2m0%0.18%
1.4%
Psagot Mutual Funds Ltd.
1,466,830₪3.9m0.04%0.07%
0.97%
The Phoenix Investment and Finances Ltd.
1,014,631₪2.7m-1.31%0.01%
0.63%
Analyst I.M.S. Investment Management Services Ltd
656,631₪1.7m0%0.04%
0.57%
Forest Mutual Funds Ltd
601,179₪1.6m4.18%1.22%
0.53%
Meitav Investment House Ltd
553,206₪1.5m-0.87%no data
0.5%
Altshuler Shaham Ltd.
523,914₪1.4m0%no data
0.5%
I.B.I Mutual Funds Management (1978) Ltd.
522,876₪1.4m-2.77%0.06%
0.25%
Pasternak Shoham Investment Management Ltd
259,442₪687.0k0%0.49%
0.22%
Top Alpha Investment Portfolio Mangement Ltd.
235,000₪622.3k0%0.38%
0.11%
Edmond De Rothschild Asset Management (France)
116,000₪307.2k6.62%no data
0.1%
Harel Mutual Funds Ltd.
108,830₪288.2k0%no data
0.095%
Psagot Index Funds Ltd
99,284₪262.9k0%no data
0.049%
Migdal Mutual Funds Ltd.
51,299₪135.8k0%no data
0.048%
Y.D. More Investments Ltd
50,600₪134.0k0%no data

Company Information

Opal Balance Investments Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Opal Balance Investments Ltd
  • Ticker: OPAL
  • Exchange: TASE
  • Founded: 2006
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Implied Market Cap: ₪276.996m
  • Shares outstanding: 104.61m
  • Website: https://www.opalbalance.co.il

Number of Employees


Location

  • Opal Balance Investments Ltd
  • 4 Eric Einstein Street
  • Ashdod
  • Israel


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OPALTASE (The Tel-Aviv Stock Exchange)YesOrdinary SharesILILSMay 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.