Menivim - The New Reit Ltd is headquartered in Tel Aviv, Israel.
Price History & Performance
|Historical stock prices|
|Current Share Price||₪2.08|
|52 Week High||₪1.60|
|52 Week Low||₪2.22|
|1 Month Change||-3.07%|
|3 Month Change||1.21%|
|1 Year Change||27.26%|
|3 Year Change||28.36%|
|5 Year Change||n/a|
|Change since IPO||10.92%|
Recent News & Updates
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...
|MNRT||IL REITs||IL Market|
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.
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
Menivim - The New Reit Ltd is headquartered in Tel Aviv, Israel.
Menivim - The New Reit Fundamentals Summary
|MNRT fundamental statistics|
Is MNRT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MNRT income statement (TTM)|
|Cost of Revenue||₪17.45m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.079|
|Net Profit Margin||47.61%|
How did MNRT perform over the long term?See historical performance and comparison
4.4%Current Dividend Yield
Is Menivim - The New Reit undervalued compared to its fair value and its price relative to the market?
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.
How is Menivim - The New Reit 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 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.
How has Menivim - The New Reit performed over the past 5 years?
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.
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).
What is Menivim - The New Reit current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Ofer Avram (51 yo)
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...
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 been diluted in the past year, with total shares outstanding growing by 20.3%.
Menivim - The New Reit Ltd's employee growth, exchange listings and data sources
- 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
- Menivim - The New Reit Ltd
- Three Hashel Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 16:15|
|End of Day Share Price||2021/10/14 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.