Upcoming Dividend • Jun 01
Upcoming dividend of ₪0.45 per share Eligible shareholders must have bought the stock before 08 June 2026. Payment date: 17 June 2026. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 6.0%. Within top quartile of Israeli dividend payers (5.4%). Higher than average of industry peers (2.7%). Reported Earnings • May 28
First quarter 2026 earnings released: EPS: ₪0.47 (vs ₪0.42 in 1Q 2025) First quarter 2026 results: EPS: ₪0.47 (up from ₪0.42 in 1Q 2025). Revenue: ₪219.3m (up 33% from 1Q 2025). Net income: ₪10.4m (up 12% from 1Q 2025). Profit margin: 4.7% (down from 5.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 17
ETGA Group Ltd, Annual General Meeting, May 25, 2026 ETGA Group Ltd, Annual General Meeting, May 25, 2026. Location: co. offices, Israel Upcoming Dividend • Apr 08
Upcoming dividend of ₪0.41 per share Eligible shareholders must have bought the stock before 15 April 2026. Payment date: 27 April 2026. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 5.8%. Within top quartile of Israeli dividend payers (5.5%). Higher than average of industry peers (2.7%). Reported Earnings • Apr 04
Full year 2025 earnings released: EPS: ₪1.68 (vs ₪1.51 in FY 2024) Full year 2025 results: EPS: ₪1.68 (up from ₪1.51 in FY 2024). Revenue: ₪625.2m (up 12% from FY 2024). Net income: ₪37.2m (up 11% from FY 2024). Profit margin: 6.0% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 02
Upcoming dividend of ₪0.45 per share Eligible shareholders must have bought the stock before 09 December 2025. Payment date: 18 December 2025. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 6.4%. Within top quartile of Israeli dividend payers (5.2%). Higher than average of industry peers (2.6%). Reported Earnings • Nov 26
Third quarter 2025 earnings released: EPS: ₪0.48 (vs ₪0.42 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.48 (up from ₪0.42 in 3Q 2024). Revenue: ₪165.1m (down 10% from 3Q 2024). Net income: ₪10.5m (up 14% from 3Q 2024). Profit margin: 6.4% (up from 5.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: ₪0.36 (vs ₪0.29 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.36 (up from ₪0.29 in 2Q 2024). Revenue: ₪143.7m (up 49% from 2Q 2024). Net income: ₪8.01m (up 22% from 2Q 2024). Profit margin: 5.6% (down from 6.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Announcement • Jun 18
ETGA Group Ltd, Annual General Meeting, Jul 23, 2025 ETGA Group Ltd, Annual General Meeting, Jul 23, 2025. Location: co. offices, Israel Upcoming Dividend • Jun 04
Upcoming dividend of ₪0.41 per share Eligible shareholders must have bought the stock before 11 June 2025. Payment date: 19 June 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 8.8%. Within top quartile of Israeli dividend payers (6.3%). Higher than average of industry peers (2.7%). Reported Earnings • May 29
First quarter 2025 earnings released: EPS: ₪0.42 (vs ₪0.32 in 1Q 2024) First quarter 2025 results: EPS: ₪0.42 (up from ₪0.32 in 1Q 2024). Revenue: ₪164.6m (up 64% from 1Q 2024). Net income: ₪9.28m (up 30% from 1Q 2024). Profit margin: 5.6% (down from 7.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • Mar 27
Upcoming dividend of ₪0.45 per share Eligible shareholders must have bought the stock before 03 April 2025. Payment date: 23 April 2025. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Israeli dividend payers (6.3%). Higher than average of industry peers (2.8%). Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: ₪1.51 (vs ₪1.19 in FY 2023) Full year 2024 results: EPS: ₪1.51 (up from ₪1.19 in FY 2023). Revenue: ₪556.2m (up 57% from FY 2023). Net income: ₪33.5m (up 26% from FY 2023). Profit margin: 6.0% (down from 7.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Nov 27
Third quarter 2024 earnings released: EPS: ₪0.42 (vs ₪0.27 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.42 (up from ₪0.27 in 3Q 2023). Revenue: ₪183.9m (up 116% from 3Q 2023). Net income: ₪9.21m (up 49% from 3Q 2023). Profit margin: 5.0% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: ₪0.29 (vs ₪0.27 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.29 (up from ₪0.27 in 2Q 2023). Revenue: ₪96.4m (up 7.9% from 2Q 2023). Net income: ₪6.56m (up 9.2% from 2Q 2023). Profit margin: 6.8% (up from 6.7% 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 but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Jun 13
ETGA Group Ltd, Annual General Meeting, Jul 16, 2024 ETGA Group Ltd, Annual General Meeting, Jul 16, 2024. Location: co. offices, Israel New Risk • Jun 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Dividend is not well covered by cash flows (102% cash payout ratio). Market cap is less than US$100m (₪241.5m market cap, or US$64.2m). Buy Or Sell Opportunity • Jun 06
Now 20% undervalued Over the last 90 days, the stock has risen 1.9% to ₪10.99. The fair value is estimated to be ₪13.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 8.4%. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪11.20, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 16x in the Logistics industry in Asia. Total loss to shareholders of 30% over the past year. Buy Or Sell Opportunity • Feb 17
Now 22% undervalued Over the last 90 days, the stock has risen 10% to ₪10.72. The fair value is estimated to be ₪13.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 8.4%. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪11.44, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 14x in the Logistics industry in Asia. Total loss to shareholders of 43% over the past year. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: ₪0.27 (vs ₪0.42 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.27 (down from ₪0.42 in 3Q 2022). Revenue: ₪85.0m (down 49% from 3Q 2022). Net income: ₪6.17m (down 34% from 3Q 2022). Profit margin: 7.3% (up from 5.6% in 3Q 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₪9.50, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 14x in the Logistics industry in Asia. Total loss to shareholders of 59% over the past year. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₪11.08, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 14x in the Logistics industry in Asia. Total loss to shareholders of 52% over the past year. New Risk • Aug 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (249% cash payout ratio). Market cap is less than US$100m (₪277.7m market cap, or US$73.1m). Upcoming Dividend • Aug 20
Upcoming dividend of ₪0.16 per share at 6.7% yield Eligible shareholders must have bought the stock before 27 August 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 6.7%. Lower than top quartile of Israeli dividend payers (7.2%). Higher than average of industry peers (2.4%). Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ₪0.27 (vs ₪0.35 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.27 (down from ₪0.35 in 2Q 2022). Revenue: ₪89.3m (down 47% from 2Q 2022). Net income: ₪6.01m (down 23% from 2Q 2022). Profit margin: 6.7% (up from 4.6% in 2Q 2022). The increase in margin was driven by lower expenses. Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: ₪0.33 (vs ₪0.39 in 1Q 2022) First quarter 2023 results: EPS: ₪0.33 (down from ₪0.39 in 1Q 2022). Revenue: ₪107.4m (down 39% from 1Q 2022). Net income: ₪7.38m (down 16% from 1Q 2022). Profit margin: 6.9% (up from 5.0% in 1Q 2022). The increase in margin was driven by lower expenses. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: ₪1.50 (vs ₪1.45 in FY 2021) Full year 2022 results: EPS: ₪1.50 (up from ₪1.45 in FY 2021). Revenue: ₪642.4m (up 25% from FY 2021). Net income: ₪33.4m (up 21% from FY 2021). Profit margin: 5.2% (down from 5.4% in FY 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Nov 23
Upcoming dividend of ₪0.22 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Israeli dividend payers (7.4%). Higher than average of industry peers (2.1%). Upcoming Dividend • Nov 30
Inaugural dividend of ₪0.19 per share Eligible shareholders must have bought the stock before 07 December 2021. Payment date: 15 December 2021. The company last paid an ordinary dividend in November 2021. The average dividend yield among industry peers is 1.3%.