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ELCR

Electra Real EstateTASE:ELCRE Stock Report

Market Cap

₪2.7b

7D

0.9%

1Y

172.9%

Updated

23 Oct, 2021

Data

Company Financials
ELCRE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends0/6

ELCRE Overview

Electra Real Estate Ltd. invests in real estate properties.

Price History & Performance

Summary of all time highs, changes and price drops for Electra Real Estate
Historical stock prices
Current Share Price₪48.05
52 Week High₪17.38
52 Week Low₪49.75
Beta0.50
1 Month Change-1.15%
3 Month Change13.38%
1 Year Change172.86%
3 Year Change380.50%
5 Year Change666.47%
Change since IPO50.63%

Recent News & Updates

Sep 01
Is Electra Real Estate (TLV:ELCRE) Using Too Much Debt?

Is Electra Real Estate (TLV:ELCRE) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Mar 25
We Think Electra Real Estate (TLV:ELCRE) Is Taking Some Risk With Its Debt

We Think Electra Real Estate (TLV:ELCRE) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Mar 01
Is Electra Real Estate Ltd.'s(TLV:ELCRE) Recent Stock Performance Tethered To Its Strong Fundamentals?

Is Electra Real Estate Ltd.'s(TLV:ELCRE) Recent Stock Performance Tethered To Its Strong Fundamentals?

Electra Real Estate's (TLV:ELCRE) stock is up by a considerable 11% over the past three months. Given the company's...

Shareholder Returns

ELCREIL Real EstateIL Market
7D0.9%0.4%0.9%
1Y172.9%74.0%47.8%

Return vs Industry: ELCRE exceeded the IL Real Estate industry which returned 74% over the past year.

Return vs Market: ELCRE exceeded the IL Market which returned 47.8% over the past year.

Price Volatility

Is ELCRE's price volatile compared to industry and market?
ELCRE volatility
ELCRE Beta0.50
Industry Beta0.60
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
197211Gil Rushinekhttps://www.elco.co.il

Electra Real Estate Ltd. invests in real estate properties. It holds and manages over 109 multi-family complexes, and approximately 35,000 residential units in Texas, Florida, Georgia, Tennessee, and North and South Carolina. The company was incorporated in 1972 and is based in Tel Aviv-Yafo, Israel.

Electra Real Estate Fundamentals Summary

How do Electra Real Estate's earnings and revenue compare to its market cap?
ELCRE fundamental statistics
Market Cap₪2.73b
Earnings (TTM)₪182.30m
Revenue (TTM)₪319.71m

15.0x

P/E Ratio

8.6x

P/S Ratio


Dividends

0.9%

Current Dividend Yield

7%

Payout Ratio

Valuation

Is Electra Real Estate undervalued compared to its fair value and its price relative to the market?

15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ELCRE (₪48.05) is trading above our estimate of fair value (₪15.89)

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


Price To Earnings Ratio

PE vs Industry: ELCRE is good value based on its PE Ratio (15x) compared to the IL Real Estate industry average (15.4x).

PE vs Market: ELCRE's PE Ratio (15x) is in line with the IL market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ELCRE is overvalued based on its PB Ratio (5.1x) compared to the IL Real Estate industry average (1.4x).


Future Growth

How is Electra Real Estate forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.6%

Forecasted Real Estate 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 Electra Real Estate 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 Electra Real Estate performed over the past 5 years?

57.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELCRE has high quality earnings.

Growing Profit Margin: ELCRE's current net profit margins (57%) are lower than last year (71%).


Past Earnings Growth Analysis

Earnings Trend: ELCRE has become profitable over the past 5 years, growing earnings by 57.5% per year.

Accelerating Growth: ELCRE's earnings growth over the past year (88.3%) exceeds its 5-year average (57.5% per year).

Earnings vs Industry: ELCRE earnings growth over the past year (88.3%) exceeded the Real Estate industry 26.4%.


Return on Equity

High ROE: Whilst ELCRE's Return on Equity (34.11%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Electra Real Estate's financial position?


Financial Position Analysis

Short Term Liabilities: ELCRE's short term assets (₪321.4M) exceed its short term liabilities (₪125.9M).

Long Term Liabilities: ELCRE's short term assets (₪321.4M) do not cover its long term liabilities (₪606.7M).


Debt to Equity History and Analysis

Debt Level: ELCRE's debt to equity ratio (112.9%) is considered high.

Reducing Debt: ELCRE's debt to equity ratio has reduced from 217.9% to 112.9% over the past 5 years.

Debt Coverage: ELCRE's debt is not well covered by operating cash flow (4.8%).

Interest Coverage: ELCRE's interest payments on its debt are well covered by EBIT (12.2x coverage).


Balance Sheet


Dividend

What is Electra Real Estate current dividend yield, its reliability and sustainability?

0.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ELCRE's dividend (0.89%) isn’t notable compared to the bottom 25% of dividend payers in the IL market (1.97%).

High Dividend: ELCRE's dividend (0.89%) is low compared to the top 25% of dividend payers in the IL market (5.75%).


Stability and Growth of Payments

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

Growing Dividend: ELCRE 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: ELCRE is not paying a notable dividend for the IL market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ELCRE'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?

8.5yrs

Average management tenure


CEO

Gil Rushinek (43 yo)

6.75yrs

Tenure

₪3,322,000

Compensation

Mr. Gil Rushinek has been Chief Executive Officer of Electra Real Estate Ltd. since January 1, 2015. Since November 25, 2014, Mr. Rushinek has been Deputy Chief Executive Officer for Business Development a...


CEO Compensation Analysis

Compensation vs Market: Gil's total compensation ($USD1.04M) is about average for companies of similar size in the IL market ($USD902.25K).

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


Leadership Team

Experienced Management: ELCRE's management team is seasoned and experienced (8.5 years average tenure).


Board Members

Experienced Board: ELCRE's board of directors are considered experienced (7.2 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

Electra Real Estate Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Electra Real Estate Ltd.
  • Ticker: ELCRE
  • Exchange: TASE
  • Founded: 1972
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: ₪2.734b
  • Shares outstanding: 56.90m
  • Website: https://www.elco.co.il

Number of Employees


Location

  • Electra Real Estate Ltd.
  • Electra Tower
  • 50th floor
  • Tel Aviv
  • 978914
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 16:15
End of Day Share Price2021/10/21 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.