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MGDL

Migdal Insurance and Financial HoldingsTASE:MGDL Stock Report

Market Cap

₪5.3b

7D

-4.0%

1Y

64.0%

Updated

24 Nov, 2021

Data

Company Financials
MGDL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends0/6

MGDL Stock Overview

Migdal Insurance and Financial Holdings Ltd., together with its subsidiaries, provides insurance, pension, and financial services for private and corporate customers in Israel.

Rewards

PE ratio (4.9x) is below the IL market (15.2x)

Became profitable this year

Risk Analysis

No risks detected for MGDL from our risk checks.

Migdal Insurance and Financial Holdings Competitors

Phoenix Holdings

TASE:PHOE

₪9.8b

Harel Insurance Investments & Financial Services

TASE:HARL

₪7.4b

Clal Insurance Enterprises Holdings

TASE:CLIS

₪5.5b

Menora Mivtachim Holdings

TASE:MMHD

₪4.8b

Price History & Performance

Summary of all time highs, changes and price drops for Migdal Insurance and Financial Holdings
Historical stock prices
Current Share Price₪5.05
52 Week High₪5.64
52 Week Low₪2.91
Beta1.08
1 Month Change-6.48%
3 Month Change13.61%
1 Year Change64.01%
3 Year Change17.44%
5 Year Change78.51%
Change since IPO140.48%

Recent News & Updates

Jan 05
Should You Buy Migdal Insurance and Financial Holdings Ltd. (TLV:MGDL) For Its Dividend?

Should You Buy Migdal Insurance and Financial Holdings Ltd. (TLV:MGDL) For Its Dividend?

Is Migdal Insurance and Financial Holdings Ltd. ( TLV:MGDL ) a good dividend stock? How can we tell? Dividend paying...

Shareholder Returns

MGDLIL InsuranceIL Market
7D-4.0%-1.0%-0.5%
1Y64.0%50.0%38.1%

Return vs Industry: MGDL exceeded the IL Insurance industry which returned 53.7% over the past year.

Return vs Market: MGDL exceeded the IL Market which returned 40.1% over the past year.

Price Volatility

Is MGDL's price volatile compared to industry and market?
MGDL volatility
MGDL Average Weekly Movement3.8%
Insurance Industry Average Movement3.8%
Market Average Movement4.4%
10% most volatile stocks in IL Market8.1%
10% least volatile stocks in IL Market2.7%

Stable Share Price: MGDL is not significantly more volatile than the rest of IL stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
19344,685Moti Rosenhttps://www.migdal.co.il

Migdal Insurance and Financial Holdings Ltd., together with its subsidiaries, provides insurance, pension, and financial services for private and corporate customers in Israel. The company deals and manages pension plans, life and health insurance products, pensions, and financial business plans; and provides personal accident and mortgage insurance solutions, and savings, as well as insurance agency services. It also markets investments; operates nostro accounts; and manages financial assets, including mutual funds and portfolios, as well as engages in the investment banking and distribution activities.

Migdal Insurance and Financial Holdings Fundamentals Summary

How do Migdal Insurance and Financial Holdings's earnings and revenue compare to its market cap?
MGDL fundamental statistics
Market Cap₪5.32b
Earnings (TTM)₪1.08b
Revenue (TTM)₪39.83b

4.9x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MGDL income statement (TTM)
Revenue₪39.83b
Cost of Revenue₪36.65b
Gross Profit₪3.19b
Expenses₪2.11b
Earnings₪1.08b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.02
Gross Margin8.00%
Net Profit Margin2.71%
Debt/Equity Ratio78.8%

How did MGDL perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

0%

Payout Ratio

Valuation

Is Migdal Insurance and Financial Holdings undervalued compared to its fair value and its price relative to the market?

4.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MGDL (₪5.05) is trading above our estimate of fair value (₪3.81)

Significantly Below Fair Value: MGDL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MGDL is good value based on its PE Ratio (4.9x) compared to the IL Insurance industry average (6.8x).

PE vs Market: MGDL is good value based on its PE Ratio (4.9x) compared to the IL market (15.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MGDL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MGDL is good value based on its PB Ratio (0.7x) compared to the IL Insurance industry average (0.9x).


Future Growth

How is Migdal Insurance and Financial Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.9%

Forecasted Insurance 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 Migdal Insurance and Financial Holdings 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.


Past Performance

How has Migdal Insurance and Financial Holdings performed over the past 5 years?

-3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MGDL has high quality earnings.

Growing Profit Margin: MGDL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MGDL has become profitable over the past 5 years, growing earnings by -3.6% per year.

Accelerating Growth: MGDL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MGDL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (679.9%).


Return on Equity

High ROE: MGDL's Return on Equity (14.5%) is considered low.


Financial Health

How is Migdal Insurance and Financial Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MGDL's short term assets (₪151.0B) exceed its short term liabilities (₪1.5B).

Long Term Liabilities: MGDL's short term assets (₪151.0B) do not cover its long term liabilities (₪183.6B).


Debt to Equity History and Analysis

Debt Level: MGDL has more cash than its total debt.

Reducing Debt: MGDL's debt to equity ratio has increased from 57.8% to 78.8% over the past 5 years.

Debt Coverage: MGDL's debt is well covered by operating cash flow (50.5%).

Interest Coverage: MGDL's interest payments on its debt are well covered by EBIT (12x coverage).


Balance Sheet


Dividend

What is Migdal Insurance and Financial Holdings's current dividend yield, its reliability and sustainability?

0.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MGDL's dividend (0.88%) isn’t notable compared to the bottom 25% of dividend payers in the IL market (1.76%).

High Dividend: MGDL's dividend (0.88%) is low compared to the top 25% of dividend payers in the IL market (5.25%).


Stability and Growth of Payments

Stable Dividend: MGDL is not paying a notable dividend for the IL market, therefore no need to check if payments are stable.

Growing Dividend: MGDL is not paying a notable dividend for the IL market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MGDL is not paying a notable dividend for the IL market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MGDL's dividend in 3 years as they are not forecast to pay a notable one for the IL market.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Moti Rosen (65 yo)

0.75

Tenure

Mr. Mordechai Rosen, also known as Moti, had been Chairman at Migdal Insurance Company Limited since December 2020 until March 2021 and had been its Director since April 2020 until March 2021. He serves as...


Leadership Team

Experienced Management: MGDL's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: MGDL's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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

Migdal Insurance and Financial Holdings Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Migdal Insurance and Financial Holdings Ltd.
  • Ticker: MGDL
  • Exchange: TASE
  • Founded: 1934
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: ₪5.322b
  • Shares outstanding: 1.05b
  • Website: https://www.migdal.co.il

Number of Employees


Location

  • Migdal Insurance and Financial Holdings Ltd.
  • Hayetzira 2 Street
  • Kiryat Aryeh
  • Petah Tikva
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/24 22:41
End of Day Share Price2021/11/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.