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PHOE

Phoenix HoldingsTASE:PHOE Stock Report

Market Cap

₪9.7b

7D

-1.1%

1Y

73.3%

Updated

26 Nov, 2021

Data

Company Financials +
PHOE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance6/6
Financial Health5/6
Dividends2/6

PHOE Stock Overview

The Phoenix Holdings Ltd. provides various insurance and pension products in Israel.

Phoenix Holdings Competitors

Harel Insurance Investments & Financial Services

TASE:HARL

₪7.3b

Clal Insurance Enterprises Holdings

TASE:CLIS

₪5.5b

Migdal Insurance and Financial Holdings

TASE:MGDL

₪5.3b

Menora Mivtachim Holdings

TASE:MMHD

₪4.8b

Price History & Performance

Summary of all time highs, changes and price drops for Phoenix Holdings
Historical stock prices
Current Share Price₪38.48
52 Week High₪40.42
52 Week Low₪21.76
Beta0.53
1 Month Change-3.10%
3 Month Change7.76%
1 Year Change73.33%
3 Year Change71.40%
5 Year Change208.83%
Change since IPO2,336.86%

Recent News & Updates

Oct 07
If You Like EPS Growth Then Check Out Phoenix Holdings (TLV:PHOE) Before It's Too Late

If You Like EPS Growth Then Check Out Phoenix Holdings (TLV:PHOE) Before It's Too Late

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

May 11
The Case For The Phoenix Holdings Ltd. (TLV:PHOE): Could It Be A Nice Addition To Your Dividend Portfolio?

The Case For The Phoenix Holdings Ltd. (TLV:PHOE): Could It Be A Nice Addition To Your Dividend Portfolio?

Could The Phoenix Holdings Ltd. ( TLV:PHOE ) be an attractive dividend share to own for the long haul? Investors are...

Shareholder Returns

PHOEIL InsuranceIL Market
7D-1.1%-1.1%-0.08%
1Y73.3%49.9%38.7%

Return vs Industry: PHOE exceeded the IL Insurance industry which returned 50% over the past year.

Return vs Market: PHOE exceeded the IL Market which returned 38.1% over the past year.

Price Volatility

Is PHOE's price volatile compared to industry and market?
PHOE volatility
PHOE Average Weekly Movement3.1%
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: PHOE is less volatile than 75% of IL stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PHOE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1949355Eyal Simonhttps://www.fnx.co.il

The Phoenix Holdings Ltd. provides various insurance and pension products in Israel. The company offers life and disability insurance; flight cancellation; and property and casualty insurance, including motor vehicle, motor property, home and business, third-party liability, employers' liability, directors’ and officers’ liability, product liability, building, contract works, and marine insurance products, as well as health insurance products, such as long-term care and critical illness, travel, sick leave, illness and hospitalization, and dental insurance. It also provides mechanical-engineering equipment, mechanical breakdown, refrigerated inventory, cargo in transit and shippers' liability, short-term personal accident, fidelity, agricultural, and electronic equipment insurance; investment insurance for home buyers; insurance covering production and cancellation of events; and clinical trials, money, goods in transit, works of art, marine, aviation, terrorism acts, and cyber insurance, as well as Phoenix Drive, a comprehensive insurance policy by mileage.

Phoenix Holdings Fundamentals Summary

How do Phoenix Holdings's earnings and revenue compare to its market cap?
PHOE fundamental statistics
Market Cap₪9.71b
Earnings (TTM)₪1.81b
Revenue (TTM)₪29.95b

5.4x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PHOE income statement (TTM)
Revenue₪29.95b
Cost of Revenue₪25.55b
Gross Profit₪4.39b
Expenses₪2.58b
Earnings₪1.81b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.19
Gross Margin14.67%
Net Profit Margin6.06%
Debt/Equity Ratio70.6%

How did PHOE perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

21%

Payout Ratio

Valuation

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

1.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PHOE (₪38.48) is trading below our estimate of fair value (₪39.17)

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


Price To Earnings Ratio

PE vs Industry: PHOE is good value based on its PE Ratio (5.4x) compared to the IL Insurance industry average (6.8x).

PE vs Market: PHOE is good value based on its PE Ratio (5.4x) compared to the IL market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: PHOE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PHOE is overvalued based on its PB Ratio (1.1x) compared to the IL Insurance industry average (0.9x).


Future Growth

How is Phoenix Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-8.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHOE's earnings are forecast to decline over the next 3 years (-8.8% per year).

Earnings vs Market: PHOE's earnings are forecast to decline over the next 3 years (-8.8% per year).

High Growth Earnings: PHOE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if PHOE's revenue is forecast to grow faster than the IL market.

High Growth Revenue: Insufficient data to determine if PHOE's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PHOE's Return on Equity is forecast to be low in 3 years time (11.7%).


Past Performance

How has Phoenix Holdings performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PHOE has high quality earnings.

Growing Profit Margin: PHOE's current net profit margins (6.1%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: PHOE's earnings have grown by 10.1% per year over the past 5 years.

Accelerating Growth: PHOE's earnings growth over the past year (889.9%) exceeds its 5-year average (10.1% per year).

Earnings vs Industry: PHOE earnings growth over the past year (889.9%) exceeded the Insurance industry 679.9%.


Return on Equity

High ROE: PHOE's Return on Equity (20.8%) is considered high.


Financial Health

How is Phoenix Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: PHOE's short term assets (₪102.9B) exceed its short term liabilities (₪4.4B).

Long Term Liabilities: PHOE's short term assets (₪102.9B) do not cover its long term liabilities (₪119.6B).


Debt to Equity History and Analysis

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

Reducing Debt: PHOE's debt to equity ratio has reduced from 702.4% to 70.6% over the past 5 years.

Debt Coverage: PHOE's debt is well covered by operating cash flow (49.2%).

Interest Coverage: PHOE's interest payments on its debt are well covered by EBIT (13.8x coverage).


Balance Sheet


Dividend

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

3.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PHOE's dividend (3.88%) is higher than the bottom 25% of dividend payers in the IL market (1.78%).

High Dividend: PHOE's dividend (3.88%) is low compared to the top 25% of dividend payers in the IL market (5.07%).


Stability and Growth of Payments

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

Growing Dividend: PHOE's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.8%), PHOE's dividend payments are well 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?

3.8yrs

Average management tenure


CEO

Eyal Simon (48 yo)

2.42yrs

Tenure

₪3,469,000

Compensation

Mr. Eyal Ben Simon serves as Chief Executive Officer of The Phoenix Insurance Company Ltd since June 11, 2019 and is its General Manager. Mr. Simon had been Acted Chief Executive Officer of The Phoenix Ins...


CEO Compensation Analysis

Compensation vs Market: Eyal's total compensation ($USD1.10M) is about average for companies of similar size in the IL market ($USD1.51M).

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


Leadership Team

Experienced Management: PHOE's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: PHOE's board of directors are not considered experienced ( 2 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

The Phoenix Holdings Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: The Phoenix Holdings Ltd.
  • Ticker: PHOE
  • Exchange: TASE
  • Founded: 1949
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: ₪9.715b
  • Shares outstanding: 252.46m
  • Website: https://www.fnx.co.il

Number of Employees


Location

  • The Phoenix Holdings Ltd.
  • 53 Derech Hashalom Street
  • Givatayim
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 17:15
End of Day Share Price2021/11/25 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.