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MNRT

Menivim - The New ReitTASE:MNRT Stock Report

Market Cap

₪1.3b

7D

1.9%

1Y

27.3%

Updated

16 Oct, 2021

Data

Company Financials
MNRT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends2/6

MNRT Overview

Menivim - The New Reit Ltd is headquartered in Tel Aviv, Israel.

Price History & Performance

Summary of all time highs, changes and price drops for Menivim - The New Reit
Historical stock prices
Current Share Price₪2.08
52 Week High₪1.60
52 Week Low₪2.22
Beta0.64
1 Month Change-3.07%
3 Month Change1.21%
1 Year Change27.26%
3 Year Change28.36%
5 Year Changen/a
Change since IPO10.92%

Recent News & Updates

Mar 16
What Type Of Shareholders Make Up Menivim - The New Reit Ltd's (TLV:MNRT) Share Registry?

What Type Of Shareholders Make Up Menivim - The New Reit Ltd's (TLV:MNRT) Share Registry?

The big shareholder groups in Menivim - The New Reit Ltd ( TLV:MNRT ) have power over the company. Institutions often...

Shareholder Returns

MNRTIL REITsIL Market
7D1.9%2.2%3.7%
1Y27.3%13.2%46.9%

Return vs Industry: MNRT exceeded the IL REITs industry which returned 13.2% over the past year.

Return vs Market: MNRT underperformed the IL Market which returned 46.9% over the past year.

Price Volatility

Is MNRT's price volatile compared to industry and market?
MNRT volatility
MNRT Beta0.64
Industry Beta0.65
Market Beta1

Stable Share Price: MNRT is less volatile than 75% of IL stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2020n/aOfer Avramhttps://www.menivim-reit.co.il

Menivim - The New Reit Ltd is headquartered in Tel Aviv, Israel.

Menivim - The New Reit Fundamentals Summary

How do Menivim - The New Reit's earnings and revenue compare to its market cap?
MNRT fundamental statistics
Market Cap₪1.31b
Earnings (TTM)₪49.31m
Revenue (TTM)₪103.58m

26.5x

P/E Ratio

12.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MNRT income statement (TTM)
Revenue₪103.58m
Cost of Revenue₪17.45m
Gross Profit₪86.14m
Expenses₪36.83m
Earnings₪49.31m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.079
Gross Margin83.16%
Net Profit Margin47.61%
Debt/Equity Ratio80.6%

How did MNRT perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

53%

Payout Ratio

Valuation

Is Menivim - The New Reit undervalued compared to its fair value and its price relative to the market?

38.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MNRT (₪2.08) is trading below our estimate of fair value (₪3.37)

Significantly Below Fair Value: MNRT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MNRT is poor value based on its PE Ratio (26.5x) compared to the Asian REITs industry average (22.9x).

PE vs Market: MNRT is poor value based on its PE Ratio (26.5x) compared to the IL market (14.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MNRT's PB Ratio (1.1x) is in line with the XA REITs industry average.


Future Growth

How is Menivim - The New Reit forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.9%

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 Menivim - The New Reit 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 Menivim - The New Reit performed over the past 5 years?

49.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNRT has high quality earnings.

Growing Profit Margin: MNRT's current net profit margins (47.6%) are lower than last year (64.8%).


Past Earnings Growth Analysis

Earnings Trend: MNRT's earnings have grown significantly by 49.6% per year over the past 5 years.

Accelerating Growth: MNRT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MNRT had negative earnings growth (-9.2%) over the past year, making it difficult to compare to the REITs industry average (-3.2%).


Return on Equity

High ROE: MNRT's Return on Equity (4%) is considered low.


Financial Health

How is Menivim - The New Reit's financial position?


Financial Position Analysis

Short Term Liabilities: MNRT's short term assets (₪364.5M) exceed its short term liabilities (₪80.8M).

Long Term Liabilities: MNRT's short term assets (₪364.5M) do not cover its long term liabilities (₪923.2M).


Debt to Equity History and Analysis

Debt Level: MNRT's debt to equity ratio (80.6%) is considered high.

Reducing Debt: MNRT's debt to equity ratio has increased from 15% to 80.6% over the past 5 years.

Debt Coverage: MNRT's debt is not well covered by operating cash flow (9.6%).

Interest Coverage: MNRT's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

What is Menivim - The New Reit current dividend yield, its reliability and sustainability?

4.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MNRT's dividend (4.37%) is higher than the bottom 25% of dividend payers in the IL market (1.94%).

High Dividend: MNRT's dividend (4.37%) is low compared to the top 25% of dividend payers in the IL market (5.74%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether MNRT's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if MNRT's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.5%), MNRT's dividend payments are 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?


CEO

Ofer Avram (51 yo)

no data

Tenure

Mr. Ofer Avram serves as Chief Executive Officer of Menivim - The New Reit Ltd. He served as Head of Office Segment Directors and Vice President at Azrieli Group Ltd. until June 15, 2016.Mr. Avram served...


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 been diluted in the past year, with total shares outstanding growing by 20.3%.


Top Shareholders

Company Information

Menivim - The New Reit Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Menivim - The New Reit Ltd
  • Ticker: MNRT
  • Exchange: TASE
  • Founded: 2020
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: ₪1.306b
  • Shares outstanding: 627.47m
  • Website: https://www.menivim-reit.co.il

Location

  • Menivim - The New Reit Ltd
  • Three Hashel Street
  • Caesarea
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 16:15
End of Day Share Price2021/10/14 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.