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PIU

Poalim I.B.I.-Managing & Underwriting TASE:PIU Stock Report

Last Price

₪12.64

Market Cap

₪270.0m

7D

-1.0%

1Y

-25.2%

Updated

10 Aug, 2022

Data

Company Financials
PIU fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends3/6

PIU Stock Overview

Poalim I.B.I.-Managing & Underwriting Ltd operates as an investment banking company.

Poalim I.B.I.-Managing & Underwriting Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Poalim I.B.I.-Managing & Underwriting
Historical stock prices
Current Share Price₪12.64
52 Week High₪16.92
52 Week Low₪11.07
Beta0.76
1 Month Change-1.56%
3 Month Change6.40%
1 Year Change-25.21%
3 Year Change45.77%
5 Year Change-22.64%
Change since IPO32.36%

Recent News & Updates

Shareholder Returns

PIUIL Capital MarketsIL Market
7D-1.0%1.8%3.5%
1Y-25.2%3.2%16.3%

Return vs Industry: PIU underperformed the IL Capital Markets industry which returned 3.5% over the past year.

Return vs Market: PIU underperformed the IL Market which returned 14.6% over the past year.

Price Volatility

Is PIU's price volatile compared to industry and market?
PIU volatility
PIU Average Weekly Movement3.8%
Capital Markets Industry Average Movement4.5%
Market Average Movement5.3%
10% most volatile stocks in IL Market8.9%
10% least volatile stocks in IL Market3.6%

Stable Share Price: PIU is less volatile than 75% of IL stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
199314Yaron Moseshttps://www.poalimibi.com

Poalim I.B.I.-Managing & Underwriting Ltd operates as an investment banking company. It engages in the issuance of issues for corporations seeking to raise capital and debt in the capital market; management of issues, including distribution and management of consortium underwriters for issues of companies offering securities to the public; deals in brokerage of securities; and management of private issues of companies to institutional investors. The company was incorporated in 1993 and is based in Tel Aviv-Yafo, Israel.

Poalim I.B.I.-Managing & Underwriting Fundamentals Summary

How do Poalim I.B.I.-Managing & Underwriting's earnings and revenue compare to its market cap?
PIU fundamental statistics
Market Cap₪270.04m
Earnings (TTM)₪30.70m
Revenue (TTM)₪77.43m

8.8x

P/E Ratio

3.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PIU income statement (TTM)
Revenue₪77.43m
Cost of Revenue₪3.45m
Gross Profit₪73.99m
Other Expenses₪43.29m
Earnings₪30.70m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.44
Gross Margin95.55%
Net Profit Margin39.64%
Debt/Equity Ratio0%

How did PIU perform over the long term?

See historical performance and comparison

Dividends

16.2%

Current Dividend Yield

79%

Payout Ratio

Does PIU pay a reliable dividends?

See PIU dividend history and benchmarks
When do you need to buy PIU by to receive an upcoming dividend?
Poalim I.B.I.-Managing & Underwriting dividend dates
Ex Dividend DateAug 14 2022
Dividend Pay DateAug 22 2022
Days until Ex dividend3 days
Days until Dividend pay date11 days

Does PIU pay a reliable dividends?

See PIU dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 PIU?

Other financial metrics that can be useful for relative valuation.

PIU 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 PIU's PE Ratio compare to its peers?

PIU PE Ratio vs Peers
The above table shows the PE ratio for PIU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.5x
IBI I.B.I Investment House
15.5xn/a₪1.2b
ATRY Atreyu Capital Markets
10.3xn/a₪904.3m
SHOM E.N. Shoham Business
11.7xn/a₪319.3m
YBOX Ybox Real Estate
4.5xn/a₪302.4m
PIU Poalim I.B.I.-Managing & Underwriting
8.8xn/a₪270.0m

Price-To-Earnings vs Peers: PIU is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (10.5x).


Price to Earnings Ratio vs Industry

How does PIU's PE Ratio compare vs other companies in the Asian Capital Markets Industry?

Price-To-Earnings vs Industry: PIU is good value based on its Price-To-Earnings Ratio (8.8x) compared to the IL Capital Markets industry average (11.6x)


Price to Earnings Ratio vs Fair Ratio

What is PIU'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.

PIU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.8x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: PIU (₪12.64) is trading below our estimate of fair value (₪23.87)

Significantly Below Fair Value: PIU is trading below fair value by more than 20%.


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 Poalim I.B.I.-Managing & Underwriting 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


15.6%

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 Poalim I.B.I.-Managing & Underwriting 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 Poalim I.B.I.-Managing & Underwriting 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 Poalim I.B.I.-Managing & Underwriting performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


1.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PIU has high quality earnings.

Growing Profit Margin: PIU's current net profit margins (39.6%) are lower than last year (39.9%).


Past Earnings Growth Analysis

Earnings Trend: PIU's earnings have grown by 1.4% per year over the past 5 years.

Accelerating Growth: PIU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PIU had negative earnings growth (-37.9%) over the past year, making it difficult to compare to the Capital Markets industry average (42.7%).


Return on Equity

High ROE: PIU's Return on Equity (22.4%) is considered high.


Discover strong past performing companies

Financial Health

How is Poalim I.B.I.-Managing & Underwriting's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PIU's short term assets (₪150.7M) exceed its short term liabilities (₪24.9M).

Long Term Liabilities: PIU's short term assets (₪150.7M) exceed its long term liabilities (₪6.9M).


Debt to Equity History and Analysis

Debt Level: PIU is debt free.

Reducing Debt: PIU had no debt 5 years ago.

Debt Coverage: PIU has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PIU has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Poalim I.B.I.-Managing & Underwriting 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


16.19%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 11 2022Ex Dividend DateAug 14 2022Dividend Pay DateAug 22 20228 days from Ex DividendBuy in the next 3 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PIU's dividend (16.19%) is higher than the bottom 25% of dividend payers in the IL market (1.87%).

High Dividend: PIU's dividend (16.19%) is in the top 25% of dividend payers in the IL market (6.11%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether PIU's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if PIU's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (79.1%), PIU's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: PIU is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

11.4yrs

Average management tenure


CEO

Yaron Moses (59 yo)

11.42yrs

Tenure

₪6,190,000

Compensation

Mr. Moses Yaron has been the Chief Executive Officer at Poalim I.B.I.-Managing & Underwriting Ltd since March 13, 2011 and serves as Legal Counsel. He served as General Counsel and Executive Director of Po...


CEO Compensation Analysis

Compensation vs Market: Yaron's total compensation ($USD1.90M) is above average for companies of similar size in the IL market ($USD684.24K).

Compensation vs Earnings: Yaron's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: PIU's management team is seasoned and experienced (11.4 years average tenure).


Board Members

Experienced Board: PIU's board of directors are considered experienced (5.4 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

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


Top Shareholders

Company Information

Poalim I.B.I.-Managing & Underwriting Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Poalim I.B.I.-Managing & Underwriting Ltd
  • Ticker: PIU
  • Exchange: TASE
  • Founded: 1993
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Implied Market Cap: ₪270.036m
  • Shares outstanding: 21.36m
  • Website: https://www.poalimibi.com

Number of Employees


Location

  • Poalim I.B.I.-Managing & Underwriting Ltd
  • North tower
  • 20th floor
  • Tel Aviv
  • 6473925
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 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.