New Risk • Apr 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Profit margins are more than 30% lower than last year (5.2% net profit margin). Announcement • Mar 13
Polyram Plastic Industries LTD to Report Q4, 2025 Results on Mar 16, 2026 Polyram Plastic Industries LTD announced that they will report Q4, 2025 results on Mar 16, 2026 New Risk • Nov 22
New major risk - Revenue and earnings growth Earnings have declined by 0.4% 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 Risk Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Profit margins are more than 30% lower than last year (5.8% net profit margin). Announcement • Nov 18
Polyram Plastic Industries LTD to Report Q3, 2025 Results on Nov 19, 2025 Polyram Plastic Industries LTD announced that they will report Q3, 2025 results on Nov 19, 2025 Announcement • Nov 12
Polyram Plastic Industries LTD, Annual General Meeting, Dec 17, 2025 Polyram Plastic Industries LTD, Annual General Meeting, Dec 17, 2025. Location: co. offices, Israel Reported Earnings • Aug 26
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ₪249.0m (down 3.7% from 2Q 2024). Net income: ₪10.0m (down 62% from 2Q 2024). Profit margin: 4.0% (down from 10% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Announcement • Aug 21
Polyram Plastic Industries LTD to Report Q2, 2025 Results on Aug 25, 2025 Polyram Plastic Industries LTD announced that they will report Q2, 2025 results on Aug 25, 2025 Reported Earnings • May 28
First quarter 2025 earnings released: EPS: ₪0.23 (vs ₪0.24 in 1Q 2024) First quarter 2025 results: EPS: ₪0.23 (down from ₪0.24 in 1Q 2024). Revenue: ₪247.3m (down 1.9% from 1Q 2024). Net income: ₪24.5m (down 5.2% from 1Q 2024). Profit margin: 9.9% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Announcement • May 21
Polyram Plastic Industries LTD to Report Q1, 2025 Results on May 25, 2025 Polyram Plastic Industries LTD announced that they will report Q1, 2025 results on May 25, 2025 Upcoming Dividend • Mar 20
Upcoming dividend of ₪0.094 per share Eligible shareholders must have bought the stock before 27 March 2025. Payment date: 07 April 2025. Payout ratio is a comfortable 19% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Lower than top quartile of Israeli dividend payers (6.1%). Higher than average of industry peers (2.1%). Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: ₪0.86 (vs ₪0.77 in FY 2023) Full year 2024 results: EPS: ₪0.86 (up from ₪0.77 in FY 2023). Revenue: ₪1.00b (flat on FY 2023). Net income: ₪89.2m (up 9.2% from FY 2023). Profit margin: 8.9% (up from 8.2% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Mar 11
Polyram Plastic Industries LTD to Report Q4, 2024 Results on Mar 13, 2025 Polyram Plastic Industries LTD announced that they will report Q4, 2024 results on Mar 13, 2025 Announcement • Nov 22
Polyram Plastic Industries LTD, Annual General Meeting, Dec 25, 2024 Polyram Plastic Industries LTD, Annual General Meeting, Dec 25, 2024. Location: co. offices, Israel Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: ₪0.25 (vs ₪0.22 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.25 (up from ₪0.22 in 3Q 2023). Revenue: ₪266.8m (up 6.5% from 3Q 2023). Net income: ₪26.7m (up 16% from 3Q 2023). Profit margin: 10.0% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Announcement • Nov 05
Polyram Plastic Industries LTD to Report Q3, 2024 Results on Nov 12, 2024 Polyram Plastic Industries LTD announced that they will report Q3, 2024 results on Nov 12, 2024 Announcement • Oct 02
Polyram Plastic Industries LTD (TASE:POLP) completed the acquisition of remaining 49% stake in Polyram USA- Creative Functional Polymers, LLC from Barentz North America, LLC. Polyram Plastic Industries LTD (TASE:POLP) agreed to acquire remaining 49% stake in Polyram USA- Creative Functional Polymers, LLC from Barentz North America, LLC for approximately $4.9 million on May 20, 2024. Polyram exercised its call option to acquire full ownership of Polyram USA, thus owning 100% of the company. The transaction will be completed in Q3 2024.
Polyram Plastic Industries LTD (TASE:POLP) completed the acquisition of remaining 49% stake in Polyram USA- Creative Functional Polymers, LLC from Barentz North America, LLC on September 30, 2024. The consideration paid was financed through bank credit. Upcoming Dividend • Aug 20
Upcoming dividend of ₪0.094 per share Eligible shareholders must have bought the stock before 27 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Israeli dividend payers (6.9%). Lower than average of industry peers (5.1%). Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: ₪0.25 (vs ₪0.23 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.25 (up from ₪0.23 in 2Q 2023). Revenue: ₪258.7m (up 4.3% from 2Q 2023). Net income: ₪26.6m (up 8.4% from 2Q 2023). Profit margin: 10% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Announcement • Jul 30
Polyram Plastic Industries LTD to Report Q2, 2024 Results on Aug 15, 2024 Polyram Plastic Industries LTD announced that they will report Q2, 2024 results on Aug 15, 2024 Reported Earnings • May 21
First quarter 2024 earnings released: EPS: ₪0.24 (vs ₪0.20 in 1Q 2023) First quarter 2024 results: EPS: ₪0.24 (up from ₪0.20 in 1Q 2023). Revenue: ₪252.2m (down 6.9% from 1Q 2023). Net income: ₪25.9m (up 34% from 1Q 2023). Profit margin: 10% (up from 7.1% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Announcement • May 11
Polyram Plastic Industries LTD to Report Q1, 2024 Results on May 20, 2024 Polyram Plastic Industries LTD announced that they will report Q1, 2024 results on May 20, 2024 New Risk • Mar 13
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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (6.9% increase in shares outstanding). Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: ₪0.77 (vs ₪0.95 in FY 2022) Full year 2023 results: EPS: ₪0.77 (down from ₪0.95 in FY 2022). Revenue: ₪1.00b (down 9.4% from FY 2022). Net income: ₪81.7m (down 19% from FY 2022). Profit margin: 8.2% (down from 9.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Announcement • Mar 01
Polyram Plastic Industries LTD to Report Q4, 2023 Results on Mar 11, 2024 Polyram Plastic Industries LTD announced that they will report Q4, 2023 results on Mar 11, 2024 Upcoming Dividend • Nov 16
Upcoming dividend of ₪0.094 per share at 3.8% yield Eligible shareholders must have bought the stock before 23 November 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Israeli dividend payers (8.4%). Lower than average of industry peers (16%). Announcement • Nov 13
Polyram Plastic Industries LTD, Annual General Meeting, Dec 14, 2023 Polyram Plastic Industries LTD, Annual General Meeting, Dec 14, 2023, at 12:00 Israel Standard Time. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ₪0.22 (vs ₪0.24 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.22 (down from ₪0.24 in 3Q 2022). Revenue: ₪250.5m (down 7.6% from 3Q 2022). Net income: ₪23.0m (down 10% from 3Q 2022). Profit margin: 9.2% (in line with 3Q 2022). Announcement • Nov 07
Polyram Plastic Industries LTD to Report Q3, 2023 Results on Nov 09, 2023 Polyram Plastic Industries LTD announced that they will report Q3, 2023 results on Nov 09, 2023 Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: ₪0.23 (vs ₪0.33 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.23 (down from ₪0.33 in 2Q 2022). Revenue: ₪248.0m (down 22% from 2Q 2022). Net income: ₪24.5m (down 31% from 2Q 2022). Profit margin: 9.9% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Upcoming Dividend • May 17
Upcoming dividend of ₪0.094 per share at 4.7% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 05 June 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Israeli dividend payers (7.2%). Lower than average of industry peers (13%). Reported Earnings • May 13
First quarter 2023 earnings released: EPS: ₪0.20 (vs ₪0.26 in 1Q 2022) First quarter 2023 results: EPS: ₪0.20 (down from ₪0.26 in 1Q 2022). Revenue: ₪270.8m (down 2.4% from 1Q 2022). Net income: ₪19.3m (down 30% from 1Q 2022). Profit margin: 7.1% (down from 9.9% in 1Q 2022). Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: ₪0.95 (vs ₪0.97 in FY 2021) Full year 2022 results: EPS: ₪0.95. Revenue: ₪1.10b (up 22% from FY 2021). Net income: ₪100.6m (up 3.6% from FY 2021). Profit margin: 9.1% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪8.64, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 4x in the Chemicals industry in Israel. Total loss to shareholders of 39% over the past year. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₪10.56, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 5x in the Chemicals industry in Israel. Total loss to shareholders of 32% over the past year. Announcement • Feb 02
Ram-On Investments and Holdings (1999) Ltd (TASE:RMN) acquired a 2.206278% stake in Polyram Plastic Industries LTD from FIMI Polyram (2015) Limited Partnership for ILS 25 million. Ram-On Investments and Holdings (1999) Ltd (TASE:RMN) acquired a 2.206278% stake in Polyram Plastic Industries LTD from FIMI Polyram (2015) Limited Partnership for ILS 25 million on January 31, 2023. Shares purchased at ILS 10.7 per share.
Ram-On Investments and Holdings (1999) Ltd (TASE:RMN) completed the acquisition of a 2.206278% stake in Polyram Plastic Industries LTD from FIMI Polyram (2015) Limited Partnership on January 31, 2023. Upcoming Dividend • Nov 27
Upcoming dividend of ₪0.094 per share Eligible shareholders must have bought the stock before 04 December 2022. Payment date: 19 December 2022. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Israeli dividend payers (7.4%). Lower than average of industry peers (7.3%). Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: ₪0.24 (vs ₪0.25 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.24. Revenue: ₪271.1m (up 23% from 3Q 2021). Net income: ₪25.6m (up 2.8% from 3Q 2021). Profit margin: 9.5% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Director Nelly Shwartz was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Aug 17
Upcoming dividend of ₪0.094 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Israeli dividend payers (6.2%). Higher than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₪13.12, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 10x in the Chemicals industry in Israel. Total returns to shareholders of 6.9% over the past year. Announcement • Jul 26
Polyram Plastic Industries LTD to Report Q2, 2022 Results on Aug 10, 2022 Polyram Plastic Industries LTD announced that they will report Q2, 2022 results at 11:00 AM, Israel Standard Time on Aug 10, 2022 Upcoming Dividend • May 24
Upcoming dividend of ₪0.094 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 13 June 2022. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of Israeli dividend payers (6.0%). Higher than average of industry peers (2.9%). Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Director Nelly Shwartz was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Mar 16
Upcoming dividend of ₪0.19 per share Eligible shareholders must have bought the stock before 23 March 2022. Payment date: 04 April 2022. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Israeli dividend payers (5.5%). In line with average of industry peers (3.3%). Reported Earnings • Mar 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₪0.97 (up from ₪0.62 in FY 2020). Revenue: ₪907.1m (up 39% from FY 2020). Net income: ₪97.2m (up 57% from FY 2020). Profit margin: 11% (up from 9.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₪14.43, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 12x in the Chemicals industry in Israel. Total returns to shareholders of 52% over the past year. Reported Earnings • Nov 14
Third quarter 2021 earnings released: EPS ₪0.25 (vs ₪0.19 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ₪220.3m (up 32% from 3Q 2020). Net income: ₪24.9m (up 33% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Upcoming Dividend • Aug 15
Upcoming dividend of ₪0.30 per share Eligible shareholders must have bought the stock before 22 August 2021. Payment date: 31 August 2021. Trailing yield: 1.4%. Lower than top quartile of Israeli dividend payers (5.1%). Lower than average of industry peers (3.2%). Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS ₪0.33 (vs ₪0.12 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₪244.0m (up 83% from 2Q 2020). Net income: ₪33.4m (up 186% from 2Q 2020). Profit margin: 14% (up from 8.7% in 2Q 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • May 19
Upcoming dividend of ₪0.20 per share Eligible shareholders must have bought the stock before 26 May 2021. Payment date: 03 June 2021. Trailing yield: 1.8%. Lower than top quartile of Israeli dividend payers (4.8%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • May 13
Investor sentiment improved over the past week After last week's 20% share price gain to ₪11.49, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 11x in the Chemicals industry in Israel. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS ₪0.62 (vs ₪0.41 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₪654.7m (up 2.5% from FY 2019). Net income: ₪61.8m (up 53% from FY 2019). Profit margin: 9.4% (up from 6.3% in FY 2019).