New Risk • Jan 30
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: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (₪130.8m market cap, or US$42.2m). Reported Earnings • Nov 30
Third quarter 2025 earnings released: ₪0.11 loss per share (vs ₪0.30 loss in 3Q 2024) Third quarter 2025 results: ₪0.11 loss per share (improved from ₪0.30 loss in 3Q 2024). Revenue: ₪175.4m (up 4.9% from 3Q 2024). Net loss: ₪4.97m (loss narrowed 58% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 28
Second quarter 2025 earnings released: ₪0.15 loss per share (vs ₪0.19 loss in 2Q 2024) Second quarter 2025 results: ₪0.15 loss per share. Revenue: ₪173.9m (down 5.5% from 2Q 2024). Net loss: ₪6.58m (flat on 2Q 2024). Reported Earnings • May 29
First quarter 2025 earnings released: ₪0.02 loss per share (vs ₪0.04 profit in 1Q 2024) First quarter 2025 results: ₪0.02 loss per share (down from ₪0.04 profit in 1Q 2024). Revenue: ₪175.5m (up 4.3% from 1Q 2024). Net loss: ₪802.0k (down 160% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. New Risk • May 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₪28m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₪28m free cash flow). Earnings have declined by 13% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₪96.4m market cap, or US$26.5m). Reported Earnings • Apr 01
Third quarter 2024 earnings released: ₪0.30 loss per share (vs ₪0.06 loss in 3Q 2023) Third quarter 2024 results: ₪0.30 loss per share (further deteriorated from ₪0.06 loss in 3Q 2023). Revenue: ₪167.2m (down 8.2% from 3Q 2023). Net loss: ₪11.9m (loss widened ₪10.6m from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance. New Risk • Apr 01
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 5.8% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₪29m free cash flow). Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (₪97.0m market cap, or US$26.2m). Announcement • Jan 02
Inter Industries Plus Ltd, Annual General Meeting, Feb 04, 2025 Inter Industries Plus Ltd, Annual General Meeting, Feb 04, 2025. Location: co. offices, Israel Reported Earnings • Dec 01
Third quarter 2024 earnings released: ₪0.30 loss per share (vs ₪0.06 loss in 3Q 2023) Third quarter 2024 results: ₪0.30 loss per share (further deteriorated from ₪0.06 loss in 3Q 2023). Revenue: ₪167.2m (down 8.2% from 3Q 2023). Net loss: ₪11.9m (loss widened ₪10.6m from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 28
Second quarter 2024 earnings released: ₪0.19 loss per share (vs ₪0.31 loss in 2Q 2023) Second quarter 2024 results: ₪0.19 loss per share (improved from ₪0.31 loss in 2Q 2023). Revenue: ₪184.0m (down 1.0% from 2Q 2023). Net loss: ₪6.56m (loss narrowed 5.4% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 02
Full year 2023 earnings released: ₪1.54 loss per share (vs ₪0.41 profit in FY 2022) Full year 2023 results: ₪1.54 loss per share (down from ₪0.41 profit in FY 2022). Revenue: ₪733.4m (up 1.7% from FY 2022). Net loss: ₪36.0m (down 492% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Mar 01
Inter Industries Plus Ltd, Annual General Meeting, Apr 04, 2024 Inter Industries Plus Ltd, Annual General Meeting, Apr 04, 2024, at 15:00 Israel Standard Time. New Risk • Feb 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 95% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (95% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (₪131.2m market cap, or US$35.9m). Reported Earnings • Dec 02
Third quarter 2023 earnings released: ₪0.059 loss per share (vs ₪0.07 profit in 3Q 2022) Third quarter 2023 results: ₪0.059 loss per share (down from ₪0.07 profit in 3Q 2022). Revenue: ₪182.2m (down 1.1% from 3Q 2022). Net loss: ₪1.32m (down 180% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Nov 09
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 7.0% 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 Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (₪54.1m market cap, or US$14.1m). Reported Earnings • Aug 30
Second quarter 2023 earnings released: ₪0.31 loss per share (vs ₪0.19 profit in 2Q 2022) Second quarter 2023 results: ₪0.31 loss per share (down from ₪0.19 profit in 2Q 2022). Revenue: ₪185.8m (down 7.8% from 2Q 2022). Net loss: ₪6.94m (down 264% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 05
First quarter 2023 earnings released: EPS: ₪0.08 (vs ₪0.13 in 1Q 2022) First quarter 2023 results: EPS: ₪0.08 (down from ₪0.13 in 1Q 2022). Revenue: ₪188.4m (up 14% from 1Q 2022). Net income: ₪1.72m (down 30% from 1Q 2022). Profit margin: 0.9% (down from 1.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: ₪0.43 (vs ₪0.099 loss in FY 2021) Full year 2022 results: EPS: ₪0.43 (up from ₪0.099 loss in FY 2021). Revenue: ₪720.8m (up 70% from FY 2021). Net income: ₪9.20m (up ₪10.8m from FY 2021). Profit margin: 1.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment deteriorated over the past week After last week's 30% share price decline to ₪3.76, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 13x in the Electronic industry in Israel. Total loss to shareholders of 8.0% over the past three years. Reported Earnings • Dec 02
Third quarter 2022 earnings released: EPS: ₪0.07 (vs ₪0.004 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.07 (up from ₪0.004 in 3Q 2021). Revenue: ₪184.2m (up 70% from 3Q 2021). Net income: ₪1.65m (up ₪1.58m from 3Q 2021). Profit margin: 0.9% (up from 0.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Avi Winter was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Jul 22
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Avi Winter was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Jun 02
First quarter 2022 earnings released: EPS: ₪0.13 (vs ₪0.11 loss in 1Q 2021) First quarter 2022 results: EPS: ₪0.13 (up from ₪0.11 loss in 1Q 2021). Revenue: ₪165.2m (up 75% from 1Q 2021). Net income: ₪2.44m (up ₪4.15m from 1Q 2021). Profit margin: 1.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Nov 30
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪0.004 (up from ₪0.88 loss in 3Q 2020). Revenue: ₪108.2m (up 37% from 3Q 2020). Net income: ₪73.0k (up ₪9.11m from 3Q 2020). Profit margin: 0.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 27
Full year 2020 earnings released: ₪3.39 loss per share (vs ₪0.82 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: ₪336.1m (up 1.1% from FY 2019). Net loss: ₪34.7m (loss widened 357% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Announcement • Jan 19
Inter Industries Ltd. announced that it expects to receive ILS 14.999997 million in funding from The Phoenix Insurance Company Ltd. Inter Industries Ltd. (TASE:ININ) announced a private placement of 1,578,947 shares at a price of ILS 9.5 per share for gross proceeds of ILS 14,999,997 on January 17, 2021. The transaction will include participation from The Phoenix Insurance Company Ltd. for ILS 2,699,995 and 284,210 shares, Israel Share Partnership- The Phoenix for ILS 10,799,999 and 1,136,842 shares, and Alpha Value 1 Limited Partnership for ILS 1,500,003 and 157,895 shares. The shares are subject to a 6 month hold period. Is New 90 Day High Low • Dec 28
New 90-day high: ₪9.26 The company is up 150% from its price of ₪3.70 on 29 September 2020. The Israeli market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: ₪7.49 The company is up 107% from its price of ₪3.63 on 10 September 2020. The Israeli market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 15% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: ₪6.82 The company is up 64% from its price of ₪4.16 on 20 August 2020. The Israeli market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 17% over the same period. Is New 90 Day High Low • Oct 29
New 90-day high: ₪4.60 The company is up 2.0% from its price of ₪4.51 on 29 July 2020. The Israeli market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: ₪3.62 The company is down 16% from its price of ₪4.33 on 25 June 2020. The Israeli market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period.