TASE Stock Overview
The Tel-Aviv Stock Exchange Ltd. manages securities stock exchange and related activities in Israel.
No risks detected for TASE from our risk checks.
Tel-Aviv Stock Exchange Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₪17.40|
|52 Week High||₪20.74|
|52 Week Low||₪14.20|
|1 Month Change||7.41%|
|3 Month Change||18.77%|
|1 Year Change||-8.61%|
|3 Year Change||86.10%|
|5 Year Change||n/a|
|Change since IPO||90.16%|
Recent News & Updates
Tel-Aviv Stock Exchange's (TLV:TASE) Upcoming Dividend Will Be Larger Than Last Year's
The Tel-Aviv Stock Exchange Ltd.'s ( TLV:TASE ) dividend will be increasing to ₪0.22 on 7th of April. Despite this...
|TASE||IL Capital Markets||IL Market|
Return vs Industry: TASE underperformed the IL Capital Markets industry which returned 0.7% over the past year.
Return vs Market: TASE underperformed the IL Market which returned 13.6% over the past year.
|TASE Average Weekly Movement||5.2%|
|Capital Markets Industry Average Movement||4.6%|
|Market Average Movement||5.4%|
|10% most volatile stocks in IL Market||8.9%|
|10% least volatile stocks in IL Market||3.7%|
Stable Share Price: TASE is not significantly more volatile than the rest of IL stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: TASE's weekly volatility (5%) has been stable over the past year.
About the Company
The Tel-Aviv Stock Exchange Ltd. manages securities stock exchange and related activities in Israel. The company offers markets for the listing and trading of a range of securities and derivative instruments, including shares, corporate bonds, government bonds, treasury bills, ETFs, convertible securities, single stock options, options, and futures.
Tel-Aviv Stock Exchange Fundamentals Summary
|TASE fundamental statistics|
Is TASE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TASE income statement (TTM)|
|Cost of Revenue||₪0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 08, 2022
|Earnings per share (EPS)||0.50|
|Net Profit Margin||14.73%|
How did TASE perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
Is TASE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TASE?
Other financial metrics that can be useful for relative valuation.
|What is TASE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does TASE's PE Ratio compare to its peers?
|TASE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
TREN Trendline Information and Communication Services
GNRS Generation Capital
IBI I.B.I Investment House
ATRY Atreyu Capital Markets
TASE Tel-Aviv Stock Exchange
Price-To-Earnings vs Peers: TASE is expensive based on its Price-To-Earnings Ratio (35.1x) compared to the peer average (19.3x).
Price to Earnings Ratio vs Industry
How does TASE's PE Ratio compare vs other companies in the Asian Capital Markets Industry?
Price-To-Earnings vs Industry: TASE is expensive based on its Price-To-Earnings Ratio (35.1x) compared to the IL Capital Markets industry average (11.7x)
Price to Earnings Ratio vs Fair Ratio
What is TASE'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.
|Current PE Ratio||35.1x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TASE's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of TASE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TASE (₪17.4) is trading above our estimate of fair value (₪6.09)
Significantly Below Fair Value: TASE is trading above our estimate of fair value.
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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How is Tel-Aviv Stock Exchange forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TASE's forecast earnings growth (16.7% per year) is above the savings rate (1.5%).
Earnings vs Market: TASE's earnings (16.7% per year) are forecast to grow faster than the IL market (3.2% per year).
High Growth Earnings: TASE's earnings are forecast to grow, but not significantly.
Revenue vs Market: TASE's revenue (7.5% per year) is forecast to grow faster than the IL market (5.6% per year).
High Growth Revenue: TASE's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TASE's Return on Equity is forecast to be high in 3 years time
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How has Tel-Aviv Stock Exchange performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TASE has high quality earnings.
Growing Profit Margin: TASE's current net profit margins (14.7%) are higher than last year (12.1%).
Past Earnings Growth Analysis
Earnings Trend: TASE has become profitable over the past 5 years, growing earnings by 6% per year.
Accelerating Growth: TASE's earnings growth over the past year (39.1%) exceeds its 5-year average (6% per year).
Earnings vs Industry: TASE earnings growth over the past year (39.1%) underperformed the Capital Markets industry 42.7%.
Return on Equity
High ROE: TASE's Return on Equity (7.5%) is considered low.
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How is Tel-Aviv Stock Exchange's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TASE's short term assets (₪1.0B) exceed its short term liabilities (₪720.2M).
Long Term Liabilities: TASE's short term assets (₪1.0B) exceed its long term liabilities (₪116.6M).
Debt to Equity History and Analysis
Debt Level: TASE is debt free.
Reducing Debt: TASE has not had any debt for past 5 years.
Debt Coverage: TASE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TASE has no debt, therefore coverage of interest payments is not a concern.
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What is Tel-Aviv Stock Exchange current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TASE's dividend (1.28%) isn’t notable compared to the bottom 25% of dividend payers in the IL market (1.91%).
High Dividend: TASE's dividend (1.28%) is low compared to the top 25% of dividend payers in the IL market (6.36%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TASE has been paying a dividend for less than 10 years.
Growing Dividend: TASE's dividend payments have increased, but the company has only paid a dividend for 2 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (44.8%), TASE's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (30.7%), TASE's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ittai Ben-Zeev (47 yo)
Mr. Ittai Ben-Zeev is Chief Executive Officer of Tel - Aviv Stock Exchange Ltd. since January 1, 2017. Prior to joining TASE, Mr. Ben-Zeev served as Executive Vice President, Head of Capital Markets Divisi...
Experienced Management: TASE's management team is seasoned and experienced (5.6 years average tenure).
Experienced Board: TASE's board of directors are considered experienced (3.7 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The Tel-Aviv Stock Exchange Ltd.'s employee growth, exchange listings and data sources
- Name: The Tel-Aviv Stock Exchange Ltd.
- Ticker: TASE
- Exchange: TASE
- Founded: 1935
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Implied Market Cap: ₪1.774b
- Shares outstanding: 101.97m
- Website: https://www.tase.co.il
Number of Employees
- The Tel-Aviv Stock Exchange Ltd.
- 2 Ahuzat Bayit Street
- Tel Aviv
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/07 00:00|
|End of Day Share Price||2022/08/04 00:00|
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.