New Risk • Mar 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₪1.6m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 59% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (₪35.5m market cap, or US$11.4m). Announcement • Nov 28
Merchavia Holdings and Investments Ltd, Annual General Meeting, Jan 01, 2026 Merchavia Holdings and Investments Ltd, Annual General Meeting, Jan 01, 2026. Location: conference call, Israel Board Change • Apr 09
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 Board Member Anat Bensaid-Peleg was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 03
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₪1.9m (US$525k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₪1.5m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 60% per year over the past 5 years. Revenue is less than US$1m (₪1.9m revenue, or US$525k). Market cap is less than US$10m (₪16.0m market cap, or US$4.33m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 60% per year over the past 5 years. Market cap is less than US$10m (₪16.6m market cap, or US$4.55m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (₪5.4m revenue, or US$1.5m). Board Change • Feb 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Board Member Anat Bensaid-Peleg was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jan 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 60% per year over the past 5 years. Market cap is less than US$10m (₪16.9m market cap, or US$4.72m). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (₪5.4m revenue, or US$1.5m). New Risk • Jan 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 60% per year over the past 5 years. Market cap is less than US$10m (₪13.6m market cap, or US$3.75m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (₪5.4m revenue, or US$1.5m). Announcement • Nov 11
Merchavia Holdings and Investments Ltd, Annual General Meeting, Dec 12, 2024 Merchavia Holdings and Investments Ltd, Annual General Meeting, Dec 12, 2024. Location: conference call, Israel New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₪14.7m market cap, or US$4.03m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). New Risk • Sep 02
New major risk - Revenue and earnings growth Earnings have declined by 24% 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 Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₪14.6m market cap, or US$3.85m). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Board Change • May 29
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 Eyal Arieli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Eyal Arieli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Michal Aharon is the most experienced director on the board, commencing their role in 2014. Independent Director Eyal Arieli was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 21% share price gain to ₪1.03, the stock is trading at a trailing P/E ratio of 20.7x, up from the previous P/E ratio of 17.1x. This compares to an average P/E of 15x in the Real Estate industry in Israel. Total returns to shareholders over the past three years are 109%. Is New 90 Day High Low • Feb 04
New 90-day high: ₪0.88 The company is up 32% from its price of ₪0.67 on 05 November 2020. The Israeli market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: ₪0.87 The company is up 23% from its price of ₪0.71 on 20 October 2020. The Israeli market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 33% over the same period. Announcement • Jan 06
Merchavia Holdings and Investments Ltd. Announces the Nomination of Eran Schenker as Medical Director Merchavia Holdings and Investments Ltd. announced Dr. Eran Schenker's nomination as medical director of the Company. Dr. Eran Schenker, an executive leader, with 20+ years of achievements, as a chief medical innovation technology officer, medical communication officer, medical business development, and global medical director for digital health, medical device, biotechnology and pharmaceutical companies. Is New 90 Day High Low • Dec 21
New 90-day low: ₪0.63 The company is down 13% from its price of ₪0.73 on 22 September 2020. The Israeli market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 31% over the same period. Announcement • Sep 15
Merchavia Holdings and Investments Ltd. announced that it expects to receive ILS 4 million in funding from Psagot Investment House Ltd., More Investment House Ltd., Micha Malka Investments Ltd Merchavia Holdings and Investments Ltd. (TASE:MRHL) announced that it has entered into an agreement to issue 7,843,137 shares at issue price of NIS 0.51 per share for gross proceeds of NIS 4,000,000 on September 14, 2020. The transaction will include participation led by new investor, More Investment House Ltd. for NIS 2,600,000 for 6.85% stake in the company, and other new investors, Tulip Capital Fund L.P., a fund managed by Micha Malka Investments Ltd, Psagot Investment House Ltd., and Psagot Investment House Ltd.. The company also issued common share warrants at an exercisable price of NIS 0.6 per share for a period of 3 years.