Announcement • Apr 29
Plasto-Cargal Group Ltd, Annual General Meeting, Jun 02, 2026 Plasto-Cargal Group Ltd, Annual General Meeting, Jun 02, 2026. Location: co. offices, Israel Reported Earnings • Mar 21
Full year 2025 earnings released: ₪3.53 loss per share (vs ₪1.70 loss in FY 2024) Full year 2025 results: ₪3.53 loss per share (further deteriorated from ₪1.70 loss in FY 2024). Revenue: ₪516.4m (up 6.9% from FY 2024). Net loss: ₪24.3m (loss widened 109% from FY 2024). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Mar 13
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 (-₪12m free cash flow). Earnings have declined by 29% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (₪46.3m market cap, or US$14.7m). New Risk • Aug 18
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 6.4% 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. 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 (-₪16m free cash flow). Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (₪44.8m market cap, or US$13.3m). Announcement • Apr 24
Plasto-Cargal Group Ltd, Annual General Meeting, May 28, 2025 Plasto-Cargal Group Ltd, Annual General Meeting, May 28, 2025. Location: company offices, Israel Reported Earnings • Mar 13
Full year 2024 earnings released: ₪1.70 loss per share (vs ₪4.51 loss in FY 2023) Full year 2024 results: ₪1.70 loss per share (improved from ₪4.51 loss in FY 2023). Revenue: ₪483.1m (up 6.2% from FY 2023). Net loss: ₪11.6m (loss narrowed 60% from FY 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Board Change • Feb 11
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. 2 independent directors (6 non-independent directors). Independent External Director Ravit Oren was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 03
An undisclosed buyer acquired Cargal Lehavim Ltd. from Plasto-Cargal Group Ltd (TASE:PLCR) for ILS 75 million. An undisclosed buyer acquired Cargal Lehavim Ltd. from Plasto-Cargal Group Ltd (TASE:PLCR) for ILS 75 million on October 1, 2024. A cash consideration of ILS 67 million will be paid by the buyer. As part of consideration, ILS 67 million is paid towards common equity of Cargal Lehavim Ltd.
An undisclosed buyer completed the acquisition of Cargal Lehavim Ltd. from Plasto-Cargal Group Ltd (TASE:PLCR) on October 1, 2024. New Risk • Apr 17
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 8.1% 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 (8.1% average weekly change). Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Market cap is less than US$10m (₪22.3m market cap, or US$5.87m). Reported Earnings • Mar 28
Full year 2023 earnings released: ₪4.51 loss per share (vs ₪21.55 loss in FY 2022) Full year 2023 results: ₪4.51 loss per share (improved from ₪21.55 loss in FY 2022). Revenue: ₪455.0m (down 36% from FY 2022). Net loss: ₪28.6m (loss narrowed 67% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 20 percentage points per year, which is a significant difference in performance. New Risk • Mar 11
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 Less than 1 year of cash runway based on free cash flow trend (-₪16m free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Market cap is less than US$10m (₪29.3m market cap, or US$8.12m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.0% average weekly change). New Risk • Feb 08
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 6.2% 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. 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 (-₪16m free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Market cap is less than US$10m (₪26.6m market cap, or US$7.29m). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Announcement • Feb 07
Plasto-Cargal Group Ltd, Annual General Meeting, Mar 11, 2024 Plasto-Cargal Group Ltd, Annual General Meeting, Mar 11, 2024, at 10:00 Israel Standard Time. New Risk • Oct 29
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 8.5% 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 Less than 1 year of cash runway based on free cash flow trend (-₪16m free cash flow). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Market cap is less than US$10m (₪24.3m market cap, or US$5.96m). Reported Earnings • Aug 25
Second quarter 2023 earnings released: ₪1.20 loss per share (vs ₪3.30 loss in 2Q 2022) Second quarter 2023 results: ₪1.20 loss per share (improved from ₪3.30 loss in 2Q 2022). Revenue: ₪105.9m (down 42% from 2Q 2022). Net loss: ₪6.51m (loss narrowed 49% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. New Risk • Jun 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₪63m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-₪63m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Market cap is less than US$10m (₪25.4m market cap, or US$7.10m). Reported Earnings • May 14
First quarter 2023 earnings released: ₪2.21 loss per share (vs ₪6.10 loss in 1Q 2022) First quarter 2023 results: ₪2.21 loss per share (improved from ₪6.10 loss in 1Q 2022). Revenue: ₪128.1m (down 38% from 1Q 2022). Net loss: ₪8.81m (loss narrowed 63% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 30
Full year 2022 earnings released: ₪2.16 loss per share (vs ₪0.097 loss in FY 2021) Full year 2022 results: ₪2.16 loss per share (further deteriorated from ₪0.097 loss in FY 2021). Revenue: ₪705.0m (up 2.2% from FY 2021). Net loss: ₪86.0m (loss widened ₪82.1m from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Buying Opportunity • Dec 05
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 52%. The fair value is estimated to be ₪2.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
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. 7 non-independent directors. Independent External Director Ravit Oren was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 03
Second quarter 2022 earnings released: ₪0.33 loss per share (vs ₪0.11 profit in 2Q 2021) Second quarter 2022 results: ₪0.33 loss per share (down from ₪0.11 profit in 2Q 2021). Revenue: ₪181.1m (up 9.1% from 2Q 2021). Net loss: ₪12.7m (down 399% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Apr 27
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. 7 non-independent directors. Independent External Director Ravit Oren was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jan 24
Upcoming dividend of ₪0.13 per share Eligible shareholders must have bought the stock before 31 January 2022. Payment date: 08 February 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Israeli dividend payers (5.3%). Higher than average of industry peers (1.3%). Reported Earnings • Dec 03
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: ₪0.35 loss per share (down from ₪0.12 profit in 3Q 2020). Revenue: ₪164.2m (up 15% from 3Q 2020). Net loss: ₪13.2m (down 408% from profit in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improved over the past week After last week's 17% share price gain to ₪4.48, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 16x in the Packaging industry in Asia. Total loss to shareholders of 40% over the past three years. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS ₪0.61 (vs ₪0.30 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₪621.7m (down 16% from FY 2019). Net income: ₪22.7m (up 108% from FY 2019). Profit margin: 3.6% (up from 1.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 25
New 90-day high: ₪3.93 The company is up 13% from its price of ₪3.47 on 26 November 2020. The Israeli market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 18% share price gain to ₪3.92, the stock is trading at a trailing P/E ratio of 5.1x, up from the previous P/E ratio of 4.3x. This compares to an average P/E of 15x in the Packaging industry in Asia. Total return to shareholders over the past three years is a loss of 45%. Is New 90 Day High Low • Feb 10
New 90-day high: ₪3.57 The company is up 18% from its price of ₪3.02 on 12 November 2020. The Israeli market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: ₪3.50 The company is up 13% from its price of ₪3.09 on 28 October 2020. The Israeli market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: ₪3.50 The company is up 15% from its price of ₪3.04 on 10 September 2020. The Israeli market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 6.0% over the same period. Reported Earnings • Dec 04
Third quarter 2020 earnings released: EPS ₪0.12 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ₪142.9m (down 22% from 3Q 2019). Net income: ₪4.31m (up 48% from 3Q 2019). Profit margin: 3.0% (up from 1.6% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 19
New 90-day high: ₪3.41 The company is up 8.0% from its price of ₪3.16 on 20 August 2020. The Israeli market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is up 7.0% over the same period.