Buy Or Sell Opportunity • May 26
Now 25% overvalued Over the last 90 days, the stock has fallen 28% to ₪26.56. The fair value is estimated to be ₪21.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 32%. Reported Earnings • May 24
First quarter 2026 earnings released: ₪0.71 loss per share (vs ₪0.10 loss in 1Q 2025) First quarter 2026 results: ₪0.71 loss per share (further deteriorated from ₪0.10 loss in 1Q 2025). Revenue: ₪496.6m (down 5.6% from 1Q 2025). Net loss: ₪34.7m (loss widened ₪29.7m from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₪31.80, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 21x in the Specialty Retail industry in Israel. Total loss to shareholders of 54% over the past three years. Announcement • May 09
Retailors Ltd(TASE:RTLS) dropped from TA-125 Index Retailors Ltd has been dropped from the TA-125 Index. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₪36.71, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 18x in the Specialty Retail industry in Israel. Total loss to shareholders of 41% over the past three years. Reported Earnings • Mar 23
Full year 2025 earnings released: EPS: ₪1.36 (vs ₪2.32 in FY 2024) Full year 2025 results: EPS: ₪1.36 (down from ₪2.32 in FY 2024). Revenue: ₪2.57b (up 6.7% from FY 2024). Net income: ₪65.9m (down 41% from FY 2024). Profit margin: 2.6% (down from 4.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₪43.00, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 14x in the Specialty Retail industry in Israel. Total loss to shareholders of 29% over the past three years. New Risk • Mar 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 123% Cash payout ratio: 120% Minor Risk Profit margins are more than 30% lower than last year (2.3% net profit margin). Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪50.21, the stock trades at a trailing P/E ratio of 42.4x. Average trailing P/E is 14x in the Specialty Retail industry in Israel. Total loss to shareholders of 15% over the past three years. New Risk • Jan 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.7% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 123% Cash payout ratio: 120% Minor Risk Profit margins are more than 30% lower than last year (2.3% net profit margin). Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪45.40, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 14x in the Specialty Retail industry in Israel. Total loss to shareholders of 21% over the past three years. Reported Earnings • Nov 25
Third quarter 2025 earnings released: EPS: ₪0.25 (vs ₪0.73 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.25 (down from ₪0.73 in 3Q 2024). Revenue: ₪707.3m (up 10% from 3Q 2024). Net income: ₪12.2m (down 66% from 3Q 2024). Profit margin: 1.7% (down from 5.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Nov 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (299% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Announcement • Nov 10
Retailors Ltd to Report Q3, 2025 Results on Nov 24, 2025 Retailors Ltd announced that they will report Q3, 2025 results on Nov 24, 2025 Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: ₪0.25 (vs ₪0.48 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.25 (down from ₪0.48 in 2Q 2024). Revenue: ₪602.0m (down 2.3% from 2Q 2024). Net income: ₪12.2m (down 48% from 2Q 2024). Profit margin: 2.0% (down from 3.8% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Announcement • Aug 04
Retailors Ltd to Report Q2, 2025 Results on Aug 20, 2025 Retailors Ltd announced that they will report Q2, 2025 results on Aug 20, 2025 Reported Earnings • May 22
First quarter 2025 earnings released: ₪0.10 loss per share (vs ₪0.32 profit in 1Q 2024) First quarter 2025 results: ₪0.10 loss per share (down from ₪0.32 profit in 1Q 2024). Revenue: ₪525.9m (up 17% from 1Q 2024). Net loss: ₪5.02m (down 132% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. Announcement • May 22
Retailors Ltd, Annual General Meeting, Jun 30, 2025 Retailors Ltd, Annual General Meeting, Jun 30, 2025. Location: fuchs offices, Israel Buy Or Sell Opportunity • May 21
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ₪72.55. The fair value is estimated to be ₪104, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 8.3%. Announcement • May 20
Retailors Ltd to Report Q1, 2025 Results on May 21, 2025 Retailors Ltd announced that they will report Q1, 2025 results on May 21, 2025 Buy Or Sell Opportunity • May 05
Now 24% undervalued Over the last 90 days, the stock has risen 4.2% to ₪79.16. The fair value is estimated to be ₪104, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 8.3%. Upcoming Dividend • Apr 08
Upcoming dividend of ₪1.46 per share Eligible shareholders must have bought the stock before 15 April 2025. Payment date: 28 April 2025. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Israeli dividend payers (6.6%). Lower than average of industry peers (8.2%). Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: ₪2.32 (vs ₪2.69 in FY 2023) Full year 2024 results: EPS: ₪2.32 (down from ₪2.69 in FY 2023). Revenue: ₪2.41b (up 25% from FY 2023). Net income: ₪112.3m (down 14% from FY 2023). Profit margin: 4.7% (down from 6.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. New Risk • Mar 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (96% payout ratio). Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (4.8% net profit margin). Announcement • Feb 25
Retailors Ltd to Report Fiscal Year 2024 Results on Mar 26, 2025 Retailors Ltd announced that they will report fiscal year 2024 results on Mar 26, 2025 Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₪90.06, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 17x in the Specialty Retail industry in Israel. Total returns to shareholders of 5.8% over the past three years. Reported Earnings • Nov 23
Third quarter 2024 earnings released: EPS: ₪0.73 (vs ₪0.60 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.73 (up from ₪0.60 in 3Q 2023). Revenue: ₪641.7m (up 22% from 3Q 2023). Net income: ₪35.3m (up 22% from 3Q 2023). Profit margin: 5.5% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 03
Upcoming dividend of ₪0.86 per share Eligible shareholders must have bought the stock before 10 September 2024. Payment date: 24 September 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.7%. Lower than top quartile of Israeli dividend payers (6.7%). Lower than average of industry peers (7.9%). Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: ₪0.48 (vs ₪0.98 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.48 (down from ₪0.98 in 2Q 2023). Revenue: ₪616.5m (up 28% from 2Q 2023). Net income: ₪23.2m (down 51% from 2Q 2023). Profit margin: 3.8% (down from 9.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 03
Upcoming dividend of ₪1.26 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 25 April 2024. Payout ratio and cash payout ratio are on the higher end at 100% and 100% respectively. Trailing yield: 2.8%. Lower than top quartile of Israeli dividend payers (6.9%). Lower than average of industry peers (7.6%). Announcement • Apr 01
Retailors Ltd, Annual General Meeting, May 08, 2024 Retailors Ltd, Annual General Meeting, May 08, 2024, at 12:00 Israel Standard Time. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: ₪2.69 (vs ₪2.11 in FY 2022) Full year 2023 results: EPS: ₪2.69 (up from ₪2.11 in FY 2022). Revenue: ₪1.93b (up 27% from FY 2022). Net income: ₪130.2m (up 27% from FY 2022). Profit margin: 6.7% (in line with FY 2022). Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪89.79, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 18x in the Specialty Retail industry in Israel. Total returns to shareholders of 47% over the past year. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Nov 28
Third quarter 2023 earnings released: EPS: ₪0.60 (vs ₪0.53 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.60 (up from ₪0.53 in 3Q 2022). Revenue: ₪524.2m (up 30% from 3Q 2022). Net income: ₪28.8m (up 13% from 3Q 2022). Profit margin: 5.5% (down from 6.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Upcoming Dividend • Sep 03
Upcoming dividend of ₪1.42 per share at 2.8% yield Eligible shareholders must have bought the stock before 10 September 2023. Payment date: 26 September 2023. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Israeli dividend payers (7.4%). Lower than average of industry peers (9.2%). Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: ₪0.98 (vs ₪0.46 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.98 (up from ₪0.46 in 2Q 2022). Revenue: ₪482.9m (up 37% from 2Q 2022). Net income: ₪47.4m (up 114% from 2Q 2022). Profit margin: 9.8% (up from 6.3% in 2Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • May 24
First quarter 2023 earnings released: EPS: ₪0.44 (vs ₪0.08 in 1Q 2022) First quarter 2023 results: EPS: ₪0.44 (up from ₪0.08 in 1Q 2022). Revenue: ₪406.1m (up 41% from 1Q 2022). Net income: ₪21.6m (up 485% from 1Q 2022). Profit margin: 5.3% (up from 1.3% in 1Q 2022). The increase in margin was driven by higher revenue. Upcoming Dividend • Apr 02
Upcoming dividend of ₪2.18 per share at 3.3% yield Eligible shareholders must have bought the stock before 09 April 2023. Payment date: 23 April 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.3%. Lower than top quartile of Israeli dividend payers (7.9%). Lower than average of industry peers (12%). Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: ₪2.11 (vs ₪1.72 in FY 2021) Full year 2022 results: EPS: ₪2.11 (up from ₪1.72 in FY 2021). Revenue: ₪1.53b (up 36% from FY 2021). Net income: ₪102.3m (up 40% from FY 2021). Profit margin: 6.7% (up from 6.5% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • Nov 26
Third quarter 2022 earnings released: EPS: ₪0.53 (vs ₪0.61 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.53 (down from ₪0.61 in 3Q 2021). Revenue: ₪403.5m (up 18% from 3Q 2021). Net income: ₪25.5m (down 13% from 3Q 2021). Profit margin: 6.3% (down from 8.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Specialty Retail industry in Asia. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Orit Alster was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 15% share price gain to ₪73.00, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 14x in the Specialty Retail industry in Asia. Total loss to shareholders of 5.1% over the past year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.