Electra Real Estate Ltd. invests in real estate properties.
Price History & Performance
|Historical stock prices|
|Current Share Price||₪48.05|
|52 Week High||₪17.38|
|52 Week Low||₪49.75|
|1 Month Change||-1.15%|
|3 Month Change||13.38%|
|1 Year Change||172.86%|
|3 Year Change||380.50%|
|5 Year Change||666.47%|
|Change since IPO||50.63%|
Recent News & Updates
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...
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...
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...
|ELCRE||IL Real Estate||IL Market|
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.
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
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
|ELCRE fundamental statistics|
Is ELCRE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ELCRE income statement (TTM)|
|Cost of Revenue||₪64.00m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.20|
|Net Profit Margin||57.02%|
How did ELCRE perform over the long term?See historical performance and comparison
0.9%Current Dividend Yield
Is Electra Real Estate undervalued compared to its fair value and its price relative to the market?
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).
How is Electra Real Estate forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Electra Real Estate performed over the past 5 years?
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.
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).
What is Electra Real Estate current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gil Rushinek (43 yo)
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.
Experienced Management: ELCRE's management team is seasoned and experienced (8.5 years average tenure).
Experienced Board: ELCRE's board of directors are considered experienced (7.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Electra Real Estate Ltd.'s employee growth, exchange listings and data sources
- 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
- Electra Real Estate Ltd.
- Electra Tower
- 50th floor
- Tel Aviv
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/23 16:15|
|End of Day Share Price||2021/10/21 00:00|
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.