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MMHD

Menora Mivtachim HoldingsTASE:MMHD Stock Report

Market Cap

₪4.8b

7D

0.4%

1Y

32.5%

Updated

24 Nov, 2021

Data

Company Financials
MMHD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends2/6

MMHD Stock Overview

Menora Mivtachim Holdings Ltd operates in insurance and finance sectors in Israel.

Menora Mivtachim 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

Migdal Insurance and Financial Holdings

TASE:MGDL

₪5.3b

Price History & Performance

Summary of all time highs, changes and price drops for Menora Mivtachim Holdings
Historical stock prices
Current Share Price₪75.51
52 Week High₪79.00
52 Week Low₪53.28
Beta0.64
1 Month Change1.63%
3 Month Change3.67%
1 Year Change32.47%
3 Year Change62.74%
5 Year Change118.05%
Change since IPO1,501.49%

Recent News & Updates

Oct 26
Here's Why We Think Menora Mivtachim Holdings (TLV:MMHD) Is Well Worth Watching

Here's Why We Think Menora Mivtachim Holdings (TLV:MMHD) Is Well Worth Watching

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Jul 20
Here's Why We Think Menora Mivtachim Holdings (TLV:MMHD) Is Well Worth Watching

Here's Why We Think Menora Mivtachim Holdings (TLV:MMHD) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

May 06
Why Dividend Hunters Love Menora Mivtachim Holdings Ltd (TLV:MMHD)

Why Dividend Hunters Love Menora Mivtachim Holdings Ltd (TLV:MMHD)

Is Menora Mivtachim Holdings Ltd ( TLV:MMHD ) a good dividend stock? How can we tell? Dividend paying companies with...

Apr 02
Here's Why We Think Menora Mivtachim Holdings (TLV:MMHD) Is Well Worth Watching

Here's Why We Think Menora Mivtachim Holdings (TLV:MMHD) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

MMHDIL InsuranceIL Market
7D0.4%-1.0%-0.5%
1Y32.5%50.0%38.1%

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

Return vs Market: MMHD underperformed the IL Market which returned 40.1% over the past year.

Price Volatility

Is MMHD's price volatile compared to industry and market?
MMHD volatility
MMHD Average Weekly Movement5.1%
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: MMHD is not significantly more volatile than the rest of IL stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MMHD's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19353,170Ari Kalmanhttps://www.menoramivt.co.il

Menora Mivtachim Holdings Ltd operates in insurance and finance sectors in Israel. The company offers life and health, and general insurance products, as well as automobile insurance products, such as compulsory automobile or property car insurance products; and pension and provident funds. It also engages in the mutual funds and portfolio management, securities underwriting, and real estate investment activities.

Menora Mivtachim Holdings Fundamentals Summary

How do Menora Mivtachim Holdings's earnings and revenue compare to its market cap?
MMHD fundamental statistics
Market Cap₪4.78b
Earnings (TTM)₪852.31m
Revenue (TTM)₪14.46b

5.6x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MMHD income statement (TTM)
Revenue₪14.46b
Cost of Revenue₪12.11b
Gross Profit₪2.35b
Expenses₪1.50b
Earnings₪852.31m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)13.47
Gross Margin16.28%
Net Profit Margin5.89%
Debt/Equity Ratio38.9%

How did MMHD perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is Menora Mivtachim Holdings undervalued compared to its fair value and its price relative to the market?

17.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MMHD (₪75.51) is trading below our estimate of fair value (₪91.26)

Significantly Below Fair Value: MMHD is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MMHD is good value based on its PE Ratio (5.6x) compared to the IL Insurance industry average (6.8x).

PE vs Market: MMHD is good value based on its PE Ratio (5.6x) compared to the IL market (15.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MMHD's PB Ratio (0.9x) is in line with the IL Insurance industry average.


Future Growth

How is Menora Mivtachim 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 Menora Mivtachim 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 Menora Mivtachim Holdings performed over the past 5 years?

34.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MMHD has high quality earnings.

Growing Profit Margin: MMHD's current net profit margins (5.9%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: MMHD has become profitable over the past 5 years, growing earnings by 34.7% per year.

Accelerating Growth: MMHD's earnings growth over the past year (469.8%) exceeds its 5-year average (34.7% per year).

Earnings vs Industry: MMHD earnings growth over the past year (469.8%) underperformed the Insurance industry 679.9%.


Return on Equity

High ROE: MMHD's Return on Equity (16.1%) is considered low.


Financial Health

How is Menora Mivtachim Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MMHD's short term assets (₪25.8B) exceed its short term liabilities (₪94.0M).

Long Term Liabilities: MMHD's short term assets (₪25.8B) do not cover its long term liabilities (₪59.5B).


Debt to Equity History and Analysis

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

Reducing Debt: MMHD's debt to equity ratio has reduced from 52.3% to 38.9% over the past 5 years.

Debt Coverage: MMHD's debt is well covered by operating cash flow (72.8%).

Interest Coverage: MMHD's interest payments on its debt are well covered by EBIT (14.7x coverage).


Balance Sheet


Dividend

What is Menora Mivtachim Holdings's current dividend yield, its reliability and sustainability?

2.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MMHD's dividend (2.09%) is higher than the bottom 25% of dividend payers in the IL market (1.76%).

High Dividend: MMHD's dividend (2.09%) is low compared to the top 25% of dividend payers in the IL market (5.25%).


Stability and Growth of Payments

Stable Dividend: MMHD has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MMHD has only been paying a dividend for 8 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.7%), MMHD's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

9.3yrs

Average management tenure


CEO

Ari Kalman (70 yo)

11.17yrs

Tenure

₪3,275,000

Compensation

Mr. Ari Kalman also known as Ari, has been the Chief Executive Officer of Menora Mivtachim Holdings Ltd. (formerly known as Menorah Mivtachim Holdings Ltd.). since September 19, 2010 and served as its Dir...


CEO Compensation Analysis

Compensation vs Market: Ari's total compensation ($USD1.04M) is about average for companies of similar size in the IL market ($USD1.12M).

Compensation vs Earnings: Ari's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MMHD's management team is seasoned and experienced (9.3 years average tenure).


Board Members

Experienced Board: MMHD's board of directors are considered experienced (5.4 years average tenure).


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

Menora Mivtachim Holdings Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Menora Mivtachim Holdings Ltd
  • Ticker: MMHD
  • Exchange: TASE
  • Founded: 1935
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: ₪4.778b
  • Shares outstanding: 63.27m
  • Website: https://www.menoramivt.co.il

Number of Employees


Location

  • Menora Mivtachim Holdings Ltd
  • 22 Jabotinsky Street
  • Ramat Gan
  • 5251102
  • 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.