Announcement • Jul 10
Delek Group Ltd. completed the Spin-Off of Delek Property Development Ltd (TASE:DLAS). The board of Delek Group Ltd. (TASE:DLEKG) announced the spin-off of Delek Property Development Ltd on June 30, 2026. Each shareholder of Delek Group Ltd. ORD will receive one share in Delek Property Development Ltd for every share held. The effective date is expected to be July 8, 2026. The Listing of shares of Delek Property Development Ltd is expected for July 13, 2026. The board of directors of Delek Group Ltd. has approved the transaction.
The board of Delek Group Ltd. (TASE:DLEKG) completed the spin-off of Delek Property Development Ltd on July 8, 2026. New Risk • Jun 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.3% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 308% Cash payout ratio: 106% Earnings have declined by 28% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (6.3% net profit margin). Upcoming Dividend • May 25
Upcoming dividend of ₪13.67 per share Eligible shareholders must have bought the stock before 01 June 2026. Payment date: 15 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.8%. Within top quartile of Israeli dividend payers (5.5%). Higher than average of industry peers (4.9%). Reported Earnings • May 24
First quarter 2026 earnings released: ₪0.83 loss per share (vs ₪0.50 profit in 1Q 2025) First quarter 2026 results: ₪0.83 loss per share (down from ₪0.50 profit in 1Q 2025). Revenue: ₪1.06b (down 72% from 1Q 2025). Net loss: ₪15.0m (down 250% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. New Risk • May 24
New major risk - Revenue and earnings growth Earnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 407% Cash payout ratio: 106% Earnings have declined by 27% per year over the past 5 years. Announcement • May 22
Delek Group Ltd., Annual General Meeting, Jul 01, 2026 Delek Group Ltd., Annual General Meeting, Jul 01, 2026. Location: co. offices, Israel Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: ₪33.17 (vs ₪73.08 in FY 2024) Full year 2025 results: EPS: ₪33.17 (down from ₪73.08 in FY 2024). Revenue: ₪4.15b (down 65% from FY 2024). Net income: ₪607.0m (down 55% from FY 2024). Profit margin: 15% (up from 11% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₪1,170, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 17x in the Oil and Gas industry in Asia. Total returns to shareholders of 304% over the past three years. New Risk • Dec 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Aug 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.8% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (56% net debt to equity). Dividend is not well covered by earnings (100% payout ratio). Profit margins are more than 30% lower than last year (6.8% net profit margin). Announcement • Aug 20
Delek Group Ltd. to Report Q2, 2025 Results on Aug 20, 2025 Delek Group Ltd. announced that they will report Q2, 2025 results on Aug 20, 2025 Announcement • Aug 08
Delek Group Ltd. (TASE:DLEKG) completed the acquisition of 32.7% stake in InPlay Oil Corp. (TSX:IPO) from Obsidian Energy Ltd. (TSX:OBE). Delek Group Ltd. (TASE:DLEKG) signed a letter of intent to acquire 32.7% stake in InPlay Oil Corp. (TSX:IPO) from Obsidian Energy Ltd. (TSX:OBE) for $91.4 million on July 16, 2025. Delek Group Ltd. entered into a definitive agreement to acquire 32.7% stake in InPlay Oil Corp. from Obsidian Energy Ltd. on August 3, 2025. As part of acquisition, 9,139,784 shares will be acquired for $10 per share.
The sale of any Common Shares by Obsidian to the third party remains subject to numerous terms and conditions, including, without limitation, execution of a definitive agreement and the approval of the Company pursuant to its investor rights agreement with Obsidian. Obsidian Energy has obtained the required consent respect of the Disposition Transaction from InPlay under the investor rights agreement between the Obsidian Energy and InPlay. The transaction is expected to complete in first half of 2025.
Delek Group Ltd. (TASE:DLEKG) completed the acquisition of 32.7% stake in InPlay Oil Corp. (TSX:IPO) from Obsidian Energy Ltd. (TSX:OBE) on August 7, 2025. In connection with closing of the Transaction, InPlay has appointed Ehud (Udi) Erez and Tamir Polikar to the Board of Directors of InPlay. InPlay also announces that with in connection with closing of the Transaction, Stephen Loukas and Peter Scott have stepped down from the Board. Reported Earnings • May 22
First quarter 2025 earnings released: EPS: ₪0.50 (vs ₪14.22 in 1Q 2024) First quarter 2025 results: EPS: ₪0.50 (down from ₪14.22 in 1Q 2024). Revenue: ₪3.85b (up 30% from 1Q 2024). Net income: ₪10.0m (down 96% from 1Q 2024). Profit margin: 0.3% (down from 8.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • May 22
Delek Group Ltd., Annual General Meeting, Jun 26, 2025 Delek Group Ltd., Annual General Meeting, Jun 26, 2025. Location: co. offices, Israel Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: ₪73.08 (vs ₪86.20 in FY 2023) Full year 2024 results: EPS: ₪73.08 (down from ₪86.20 in FY 2023). Revenue: ₪12.0b (down 3.0% from FY 2023). Net income: ₪1.35b (down 14% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Mar 26
Delek Group Ltd. to Report Q4, 2024 Results on Mar 26, 2025 Delek Group Ltd. announced that they will report Q4, 2024 results on Mar 26, 2025 Price Target Changed • Jan 28
Price target increased by 12% to ₪674 Up from ₪600, the current price target is provided by 1 analyst. New target price is 30% above last closing price of ₪517. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₪81.72 for next year compared to ₪86.20 last year. Reported Earnings • Nov 23
Third quarter 2024 earnings released: EPS: ₪21.85 (vs ₪20.14 in 3Q 2023) Third quarter 2024 results: EPS: ₪21.85 (up from ₪20.14 in 3Q 2023). Revenue: ₪2.59b (down 16% from 3Q 2023). Net income: ₪404.0m (up 8.6% from 3Q 2023). Profit margin: 16% (up from 12% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Nov 21
Delek Group Ltd. to Report Q3, 2024 Results on Nov 21, 2024 Delek Group Ltd. announced that they will report Q3, 2024 results on Nov 21, 2024 Announcement • Oct 23
Delek Group Ltd. (TASE:DLEKG) and David Zvida agreed to acquire 31.60% stake in Cielo-Blu Group Ltd (TASE:CILO) for ILS 55 million. Delek Group Ltd. (TASE:DLEKG) and David Zvida agreed to acquire 31.60% stake in Cielo-Blu Group Ltd (TASE:CILO) for ILS 55 million on October 22, 2024. Delek and Zvida will acquire 31.6% stake in Cielo-Blu, with an option for a further investment in the same amount that if exercised will give them 47% of Cielo-Blu. The allocation to Delek and Zvida will take place at a price of nearly ILS 2.4 per share. The deal with Delek and Zvida requires the approval of the Cielo-Blu Group's shareholders. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: ₪17.98 (vs ₪22.18 in 2Q 2023) Second quarter 2024 results: EPS: ₪17.98 (down from ₪22.18 in 2Q 2023). Revenue: ₪2.52b (down 16% from 2Q 2023). Net income: ₪335.0m (down 17% from 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Announcement • Aug 22
Delek Group Ltd. to Report Q2, 2024 Results on Aug 22, 2024 Delek Group Ltd. announced that they will report Q2, 2024 results on Aug 22, 2024 Announcement • Jul 17
Delek Group Ltd. (TASE:DLEKG) agreed to acquire 4.99% stake in The Phoenix Holdings Ltd. (TASE:PHOE) from Belenus Lux S.a.r.l. for approximately NIS 480 million. Delek Group Ltd. (TASE:DLEKG) agreed to acquire 4.99% stake in The Phoenix Holdings Ltd. (TASE:PHOE) from Belenus Lux S.a.r.l. for approximately NIS 480 million on July 15, 2024. A cash consideration valued at ILS 37.5 per share will be paid by Delek. In related transaction, A Fin Management LLC signed an agreement to acquire 4.95% stake in The Phoenix Holdings Ltd. (TASE:PHOE) from Belenus Lux S.a.r.l. for approximately NIS 470 million and an additional ~6.5% of the shares will be executed in off-market blocks to various international institutional investors, including Lazard Asset Management. Affinity Partners has further committed to acquiring an additional 4.95% of Phoenix subject to receipt of regulatory approval. Upon completion of the Transactions, Belenus will hold ordinary shares of the Company constituting approximately 14.97% of the Company's issued share capital (and assuming the completion of the Additional Affinity Transaction, Belenus will hold a percentage of approximately 10.02% of the Company's issued share capital). The transaction is expected to close in the upcoming days.
Jefferies acted as sole global coordinator, bookrunner and financial advisor to Centerbridge and Gallatin Point on the transaction. Fischer (FBC & Co.) and Daniel Turgel, Joel Rubinstein, Inigo Esteve, Monica Holden, Adnan Bekdu, and Bob Lehner White & Case LLP acted as legal counsel to the sellers. Mizrahi Tefahot Bank Ltd. acted as lender to Centerbridge and Gallatin in their original share purchase as well as agent in connection with this transaction. Announcement • Jun 18
Delek Group Ltd., Annual General Meeting, Jul 24, 2024 Delek Group Ltd., Annual General Meeting, Jul 24, 2024. Location: co. offices, Israel Reported Earnings • Jun 05
First quarter 2024 earnings released: EPS: ₪14.22 (vs ₪32.12 in 1Q 2023) First quarter 2024 results: EPS: ₪14.22 (down from ₪32.12 in 1Q 2023). Revenue: ₪2.96b (down 5.9% from 1Q 2023). Net income: ₪262.0m (down 54% from 1Q 2023). Profit margin: 8.9% (down from 18% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Board Change • May 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent External Director Ruthy Dahan-Portnoy was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 02
Upcoming dividend of ₪13.51 per share Eligible shareholders must have bought the stock before 09 April 2024. Payment date: 21 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.9%. Within top quartile of Israeli dividend payers (6.8%). In line with average of industry peers (8.4%). Announcement • Mar 29
Delek Group Ltd. to Report Q4, 2023 Results on Mar 27, 2024 Delek Group Ltd. announced that they will report Q4, 2023 results on Mar 27, 2024 Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: ₪86.19 (vs ₪225 in FY 2022) Full year 2023 results: EPS: ₪86.19 (down from ₪225 in FY 2022). Revenue: ₪12.3b (up 2.8% from FY 2022). Net income: ₪1.57b (down 61% from FY 2022). Profit margin: 13% (down from 33% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 28
Upcoming dividend of ₪13.51 per share at 8.9% yield Eligible shareholders must have bought the stock before 05 December 2023. Payment date: 18 December 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.9%. Within top quartile of Israeli dividend payers (8.1%). In line with average of industry peers (9.6%). Reported Earnings • Nov 26
Third quarter 2023 earnings released: EPS: ₪20.14 (vs ₪22.80 loss in 3Q 2022) Third quarter 2023 results: EPS: ₪20.14 (up from ₪22.80 loss in 3Q 2022). Revenue: ₪3.07b (down 1.9% from 3Q 2022). Net income: ₪372.0m (up ₪776.0m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 24
Delek Group Ltd., Annual General Meeting, Dec 28, 2023 Delek Group Ltd., Annual General Meeting, Dec 28, 2023, at 12:00 Israel Standard Time. Upcoming Dividend • Aug 29
Upcoming dividend of ₪10.81 per share at 8.1% yield Eligible shareholders must have bought the stock before 05 September 2023. Payment date: 19 September 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 8.1%. Within top quartile of Israeli dividend payers (7.3%). In line with average of industry peers (8.0%). Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: ₪22.18 (vs ₪151 in 2Q 2022) Second quarter 2023 results: EPS: ₪22.18 (down from ₪151 in 2Q 2022). Revenue: ₪3.00b (up 2.8% from 2Q 2022). Net income: ₪402.0m (down 85% from 2Q 2022). Profit margin: 13% (down from 92% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 06
Upcoming dividend of ₪11.08 per share at 5.9% yield Eligible shareholders must have bought the stock before 13 June 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 5.9%. Lower than top quartile of Israeli dividend payers (7.4%). Lower than average of industry peers (11%). Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: ₪32.12 (vs ₪143 in 1Q 2022) First quarter 2023 results: EPS: ₪32.12 (down from ₪143 in 1Q 2022). Revenue: ₪3.14b (up 2.5% from 1Q 2022). Net income: ₪572.0m (down 77% from 1Q 2022). Profit margin: 18% (down from 82% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 21
Full year 2022 earnings released: EPS: ₪224 (vs ₪78.51 in FY 2021) Full year 2022 results: EPS: ₪224 (up from ₪78.51 in FY 2021). Revenue: ₪12.0b (up 53% from FY 2021). Net income: ₪3.98b (up 195% from FY 2021). Profit margin: 33% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 18
Price target decreased by 36% to ₪520 Down from ₪810, the current price target is provided by 1 analyst. New target price is 41% above last closing price of ₪368. Stock is up 3.0% over the past year. The company is forecast to post earnings per share of ₪271 for next year compared to ₪78.47 last year. Reported Earnings • Dec 02
Third quarter 2022 earnings released: ₪22.80 loss per share (vs ₪13.02 profit in 3Q 2021) Third quarter 2022 results: ₪22.80 loss per share (down from ₪13.02 profit in 3Q 2021). Revenue: ₪3.05b (up 48% from 3Q 2021). Net loss: ₪404.0m (down 280% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target increased to ₪810 Up from ₪550, the current price target is provided by 1 analyst. New target price is 80% above last closing price of ₪450. Stock is up 61% over the past year. The company is forecast to post earnings per share of ₪300 for next year compared to ₪78.47 last year. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: ₪144 (vs ₪16.56 in 2Q 2021) Second quarter 2022 results: EPS: ₪144 (up from ₪16.56 in 2Q 2021). Revenue: ₪2.92b (up 67% from 2Q 2021). Net income: ₪2.54b (up ₪2.26b from 2Q 2021). Profit margin: 87% (up from 16% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 15% share price gain to ₪603, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 10x in the Oil and Gas industry in Asia. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improved over the past week After last week's 15% share price gain to ₪530, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 9x in the Oil and Gas industry in Asia. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improved over the past week After last week's 15% share price gain to ₪530, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 9x in the Oil and Gas industry in Asia. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₪432, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 10x in the Oil and Gas industry in Asia. Total loss to shareholders of 30% over the past three years. Reported Earnings • May 28
First quarter 2022 earnings released First quarter 2022 results: Revenue: ₪3.07b (up 61% from 1Q 2021). Net income: ₪2.52b (up ₪2.32b from 1Q 2021). Profit margin: 82% (up from 11% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Price Target Changed • Apr 27
Price target increased to ₪550 Up from ₪400, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₪545. Stock is up 292% over the past year. The company is forecast to post earnings per share of ₪38.05 for next year compared to ₪78.47 last year. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improved over the past week After last week's 17% share price gain to ₪550, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 12x in the Oil and Gas industry in Asia. Total loss to shareholders of 16% over the past three years. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: ₪78.51 (vs ₪125 loss in FY 2020) Full year 2021 results: EPS: ₪78.51 (up from ₪125 loss in FY 2020). Revenue: ₪7.97b (up 20% from FY 2020). Net income: ₪1.35b (up ₪3.01b from FY 2020). Profit margin: 17% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 21% share price gain to ₪450, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 10x in the Oil and Gas industry in Asia. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improved over the past week After last week's 19% share price gain to ₪353, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 10x in the Oil and Gas industry in Asia. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improved over the past week After last week's 18% share price gain to ₪247, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 6x in the Oil and Gas industry in Asia. Total loss to shareholders of 59% over the past three years. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS ₪16.56 (vs ₪14.29 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₪1.74b (up 245% from 2Q 2020). Net income: ₪281.0m (up ₪454.0m from 2Q 2020). Profit margin: 16% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 31% per year. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₪172, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 6x in the Oil and Gas industry in Asia. Total loss to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₪219, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 6x in the Oil and Gas industry in Asia. Total loss to shareholders of 55% over the past three years. Price Target Changed • Jun 10
Price target increased to ₪215 Up from ₪148, the current price target is provided by 1 analyst. New target price is 23% above last closing price of ₪176. Stock is up 65% over the past year. Reported Earnings • Jun 02
First quarter 2021 earnings released: EPS ₪12.20 (vs ₪220 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ₪1.91b (down 32% from 1Q 2020). Net income: ₪205.0m (up ₪2.72b from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 06
Full year 2020 earnings released: ₪125 loss per share (vs ₪12.90 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ₪6.67b (down 24% from FY 2019). Net loss: ₪1.66b (loss widened ₪1.51b from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 01
New 90-day high: ₪157 The company is up 39% from its price of ₪113 on 01 December 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 2.0% over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: ₪129 The company is up 97% from its price of ₪65.36 on 12 November 2020. The Israeli market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₪114 The company is up 66% from its price of ₪68.45 on 08 September 2020. The Israeli market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 16% over the same period. Reported Earnings • Nov 28
Third quarter 2020 earnings released: EPS ₪5.71 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₪1.71b (up 201% from 3Q 2019). Net income: ₪81.0m (up 406% from 3Q 2019). Profit margin: 4.8% (up from 2.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 121% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 19
New 90-day high: ₪83.30 The company is up 14% from its price of ₪73.30 on 20 August 2020. The Israeli market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 10.0% over the same period.