Buy Or Sell Opportunity • May 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.8% to ₪18.15. The fair value is estimated to be ₪15.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Apr 05
Full year 2025 earnings released: EPS: ₪1.88 (vs ₪1.13 in FY 2024) Full year 2025 results: EPS: ₪1.88 (up from ₪1.13 in FY 2024). Revenue: ₪1.09b (up 114% from FY 2024). Net income: ₪85.2m (up 67% from FY 2024). Profit margin: 7.8% (down from 10.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 81% per year, which means it is significantly lagging earnings growth. Announcement • Apr 02
Libra Insurance Company Ltd, Annual General Meeting, May 05, 2026 Libra Insurance Company Ltd, Annual General Meeting, May 05, 2026. Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: ₪0.53 (vs ₪0.25 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.53 (up from ₪0.25 in 3Q 2024). Revenue: ₪310.2m (up 125% from 3Q 2024). Net income: ₪24.0m (up 116% from 3Q 2024). Profit margin: 7.7% (down from 8.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth. Board Change • Sep 01
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. 3 experienced directors. No highly experienced directors. Independent External Director Nir Shahaf was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: ₪0.51 (vs ₪0.29 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.51 (up from ₪0.29 in 2Q 2024). Revenue: ₪285.2m (up 138% from 2Q 2024). Net income: ₪23.0m (up 73% from 2Q 2024). Profit margin: 8.1% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. New Risk • Jun 04
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 8.4% 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 Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Jun 03
First quarter 2025 earnings released: EPS: ₪0.28 (vs ₪0.27 in 1Q 2024) First quarter 2025 results: EPS: ₪0.28 (up from ₪0.27 in 1Q 2024). Revenue: ₪230.7m (up 108% from 1Q 2024). Net income: ₪12.5m (up 1.9% from 1Q 2024). Profit margin: 5.4% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Announcement • Mar 26
Libra Insurance Company Ltd, Annual General Meeting, Apr 30, 2025 Libra Insurance Company Ltd, Annual General Meeting, Apr 30, 2025. Location: company offices, Israel Reported Earnings • Mar 25
Third quarter 2024 earnings released: EPS: ₪0.25 (vs ₪0.11 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.25 (up from ₪0.11 in 3Q 2023). Revenue: ₪138.0m (up 69% from 3Q 2023). Net income: ₪11.1m (up 158% from 3Q 2023). Profit margin: 8.1% (up from 5.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪12.99, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 10x in the Insurance industry in Israel. Total returns to shareholders of 68% over the past three years. New Risk • Feb 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₪10.44, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 8x in the Insurance industry in Israel. Total returns to shareholders of 2.1% over the past three years. Reported Earnings • Nov 23
Third quarter 2024 earnings released: EPS: ₪0.25 (vs ₪0.11 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.25 (up from ₪0.11 in 3Q 2023). Revenue: ₪138.0m (up 69% from 3Q 2023). Net income: ₪11.1m (up 158% from 3Q 2023). Profit margin: 8.1% (up from 5.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Aug 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% 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: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Market cap is less than US$100m (₪264.4m market cap, or US$72.1m). Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: ₪0.29 (vs ₪0.02 loss in 2Q 2023) Second quarter 2024 results: EPS: ₪0.29 (up from ₪0.02 loss in 2Q 2023). Revenue: ₪119.9m (up 71% from 2Q 2023). Net income: ₪13.3m (up ₪14.2m from 2Q 2023). Profit margin: 11% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • Aug 22
New major risk - Revenue and earnings growth Earnings have declined by 101% 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 101% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₪246.1m market cap, or US$66.1m). Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₪4.74, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 11x in the Insurance industry in Israel. Total returns to shareholders of 49% over the past year. Announcement • Mar 31
Libra Insurance Company Ltd, Annual General Meeting, May 05, 2024 Libra Insurance Company Ltd, Annual General Meeting, May 05, 2024, at 10:00 Israel Standard Time. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: ₪0.20 (vs ₪0.084 loss in FY 2022) Full year 2023 results: EPS: ₪0.20 (up from ₪0.084 loss in FY 2022). Revenue: ₪300.4m (up 77% from FY 2022). Net income: ₪9.16m (up ₪13.0m from FY 2022). Profit margin: 3.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Reported Earnings • Dec 02
Third quarter 2023 earnings released: EPS: ₪0.11 (vs ₪0.002 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.11 (up from ₪0.002 in 3Q 2022). Revenue: ₪81.8m (up 87% from 3Q 2022). Net income: ₪4.32m (up ₪4.22m from 3Q 2022). Profit margin: 5.3% (up from 0.2% in 3Q 2022). The increase in margin was driven by higher revenue. New Risk • Sep 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.9% 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 Risk Earnings have declined by 2.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (6.9% increase in shares outstanding). Market cap is less than US$100m (₪148.8m market cap, or US$39.2m). Reported Earnings • Sep 02
Second quarter 2023 earnings released: ₪0.02 loss per share (vs ₪0.001 profit in 2Q 2022) Second quarter 2023 results: ₪0.02 loss per share (down from ₪0.001 profit in 2Q 2022). Revenue: ₪70.0m (up 72% from 2Q 2022). Net loss: ₪841.0k (down ₪872.0k from profit in 2Q 2022). Reported Earnings • Jun 05
First quarter 2023 earnings released: ₪0.04 loss per share (vs ₪0.01 profit in 1Q 2022) First quarter 2023 results: ₪0.04 loss per share (down from ₪0.01 profit in 1Q 2022). Revenue: ₪56.6m (up 51% from 1Q 2022). Net loss: ₪1.89m (down ₪2.20m from profit in 1Q 2022). Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₪4.00, the stock trades at a trailing P/E ratio of 55.4x. Average trailing P/E is 6x in the Insurance industry in Israel. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₪6.61, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 7x in the Insurance industry in Israel. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₪7.73, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 7x in the Insurance industry in Israel.