Upcoming Dividend • Apr 13
Upcoming dividend of ₪0.38 per share Eligible shareholders must have bought the stock before 20 April 2026. Payment date: 04 May 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Israeli dividend payers (5.4%). Higher than average of industry peers (1.1%). Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: ₪0.76 (vs ₪0.73 in FY 2024) Full year 2025 results: EPS: ₪0.76 (up from ₪0.73 in FY 2024). Revenue: ₪292.3m (up 8.9% from FY 2024). Net income: ₪16.1m (up 3.7% from FY 2024). Profit margin: 5.5% (down from 5.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Announcement • Mar 24
Top Group Software Ltd announces Annual dividend, payable on May 04, 2026 Top Group Software Ltd announced Annual dividend of ILS 0.3776 per share payable on May 04, 2026, ex-date on April 20, 2026 and record date on April 20, 2026. Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: ₪0.19 (vs ₪0.18 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.19 (up from ₪0.18 in 3Q 2024). Revenue: ₪71.2m (up 4.9% from 3Q 2024). Net income: ₪3.90m (up 2.0% from 3Q 2024). Profit margin: 5.5% (down from 5.6% in 3Q 2024). 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 4% per year. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Tamar Ginigar was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: ₪0.16 (vs ₪0.13 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.16 (up from ₪0.13 in 2Q 2024). Revenue: ₪73.1m (up 11% from 2Q 2024). Net income: ₪3.38m (up 18% from 2Q 2024). Profit margin: 4.6% (up from 4.3% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • May 28
First quarter 2025 earnings released: EPS: ₪0.14 (vs ₪0.10 in 1Q 2024) First quarter 2025 results: EPS: ₪0.14 (up from ₪0.10 in 1Q 2024). Revenue: ₪69.0m (up 17% from 1Q 2024). Net income: ₪3.05m (up 46% from 1Q 2024). Profit margin: 4.4% (up from 3.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Apr 27
Upcoming dividend of ₪0.35 per share Eligible shareholders must have bought the stock before 04 May 2025. Payment date: 12 May 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Israeli dividend payers (6.4%). Higher than average of industry peers (1.0%). Announcement • Apr 11
Top Ramdor Systems & Computers Co. (1990) Ltd, Annual General Meeting, May 05, 2025 Top Ramdor Systems & Computers Co. (1990) Ltd, Annual General Meeting, May 05, 2025. Location: company offices, Israel Announcement • Mar 26
Top Ramdor Systems & Computers Co. (1990) Ltd announces Annual dividend, payable on May 12, 2025 Top Ramdor Systems & Computers Co. (1990) Ltd announced Annual dividend of ILS 0.3540 per share payable on May 12, 2025, ex-date on May 04, 2025 and record date on May 04, 2025. Reported Earnings • Mar 25
Full year 2024 earnings released: EPS: ₪0.73 (vs ₪0.57 in FY 2023) Full year 2024 results: EPS: ₪0.73 (up from ₪0.57 in FY 2023). Revenue: ₪268.5m (up 13% from FY 2023). Net income: ₪15.5m (up 28% from FY 2023). Profit margin: 5.8% (up from 5.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to ₪13.56. The fair value is estimated to be ₪11.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 3.8%. Reported Earnings • Nov 26
Third quarter 2024 earnings released: EPS: ₪0.18 (vs ₪0.07 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.18 (up from ₪0.07 in 3Q 2023). Revenue: ₪67.9m (up 21% from 3Q 2023). Net income: ₪3.82m (up 154% from 3Q 2023). Profit margin: 5.6% (up from 2.7% in 3Q 2023). The increase in margin was driven by higher revenue. 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 8% per year. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: ₪0.13 (vs ₪0.11 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.13 (up from ₪0.11 in 2Q 2023). Revenue: ₪66.0m (up 13% from 2Q 2023). Net income: ₪2.86m (up 24% from 2Q 2023). Profit margin: 4.3% (up from 4.0% in 2Q 2023). The increase in margin was driven by higher revenue. 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 4% per year. Upcoming Dividend • Apr 08
Upcoming dividend of ₪0.28 per share Eligible shareholders must have bought the stock before 15 April 2024. Payment date: 05 May 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Israeli dividend payers (7.1%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₪8.61, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 13x in the Software industry in Israel. Total returns to shareholders of 42% over the past three years. Announcement • Apr 01
Top Ramdor Systems & Computers Co. (1990) Ltd, Annual General Meeting, May 05, 2024 Top Ramdor Systems & Computers Co. (1990) Ltd, Annual General Meeting, May 05, 2024, at 10:00 Israel Standard Time. New Risk • Mar 27
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 5.6% 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: Major Risk Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Share price has been volatile over the past 3 months (5.6% average weekly change). Profit margins are more than 30% lower than last year (4.8% net profit margin). Market cap is less than US$100m (₪150.3m market cap, or US$41.0m). Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪8.12, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 12x in the Software industry in Israel. Total returns to shareholders of 44% over the past three years. Reported Earnings • Dec 02
Third quarter 2023 earnings released: EPS: ₪0.07 (vs ₪0.13 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.07 (down from ₪0.13 in 3Q 2022). Revenue: ₪56.3m (up 13% from 3Q 2022). Net income: ₪1.50m (down 46% from 3Q 2022). Profit margin: 2.7% (down from 5.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 10
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 7.9% 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: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₪131.4m market cap, or US$33.2m). Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to ₪6.20, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 11x in the Software industry in Israel. Total returns to shareholders of 99% over the past three years. Reported Earnings • Sep 02
Second quarter 2023 earnings released: EPS: ₪0.11 (vs ₪0.16 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.11 (down from ₪0.16 in 2Q 2022). Revenue: ₪58.2m (up 14% from 2Q 2022). Net income: ₪2.31m (down 32% from 2Q 2022). Profit margin: 4.0% (down from 6.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪8.90, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 21x in the Software industry in Israel. Total returns to shareholders of 218% over the past three years. Upcoming Dividend • Apr 16
Upcoming dividend of ₪0.24 per share at 2.2% yield Eligible shareholders must have bought the stock before 23 April 2023. Payment date: 08 May 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Israeli dividend payers (8.1%). Higher than average of industry peers (0.7%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent External Director Meir Nissensohn was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent External Director Meir Nissensohn was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 31
Upcoming dividend of ₪0.33 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Israeli dividend payers (5.3%). Higher than average of industry peers (0.9%). Reported Earnings • Dec 04
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪0.12 (up from ₪0.097 in 3Q 2020). Revenue: ₪41.6m (up 36% from 3Q 2020). Net income: ₪2.51m (up 22% from 3Q 2020). Profit margin: 6.0% (down from 6.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 30% share price gain to ₪11.40, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 27x in the Software industry in Israel. Total returns to shareholders of 320% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 20% share price gain to ₪10.36, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 25x in the Software industry in Israel. Total returns to shareholders of 267% over the past three years. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS ₪0.44 (vs ₪0.33 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ₪126.4m (flat on FY 2019). Net income: ₪9.33m (up 38% from FY 2019). Profit margin: 7.4% (up from 5.3% in FY 2019). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 28
Upcoming dividend of ₪0.22 per share Eligible shareholders must have bought the stock before 04 April 2021. Payment date: 13 April 2021. Trailing yield: 3.0%. Lower than top quartile of Israeli dividend payers (5.2%). Higher than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 19% share price gain to ₪6.02, the stock is trading at a trailing P/E ratio of 14.8x, up from the previous P/E ratio of 12.4x. This compares to an average P/E of 13x in the Software industry in Israel. Total returns to shareholders over the past three years are 154%. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₪4.90, the stock is trading at a trailing P/E ratio of 12.1x, down from the previous P/E ratio of 15.2x. This compares to an average P/E of 12x in the Software industry in Israel. Total returns to shareholders over the past three years are 101%. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 20% share price gain to ₪5.99, the stock is trading at a trailing P/E ratio of 14.7x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 13x in the Software industry in Israel. Total returns to shareholders over the past three years are 148%. Is New 90 Day High Low • Dec 25
New 90-day high: ₪4.43 The company is up 46% from its price of ₪3.03 on 23 September 2020. The Israeli market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₪4.40 The company is up 44% from its price of ₪3.05 on 08 September 2020. The Israeli market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 8.0% over the same period. Reported Earnings • Dec 04
Third quarter 2020 earnings released: EPS ₪0.097 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₪30.6m (up 2.1% from 3Q 2019). Net income: ₪2.06m (up 99% from 3Q 2019). Profit margin: 6.7% (up from 3.5% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 16
New 90-day high: ₪3.82 The company is up 30% from its price of ₪2.93 on 18 August 2020. The Israeli market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day high: ₪3.55 The company is up 18% from its price of ₪3.00 on 29 July 2020. The Israeli market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 8.0% over the same period. Is New 90 Day High Low • Oct 13
New 90-day high: ₪3.49 The company is up 13% from its price of ₪3.08 on 15 July 2020. The Israeli market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 18% over the same period.