Announcement • Jun 16
Fridenson Logistic Services Ltd, Annual General Meeting, Jul 20, 2026 Fridenson Logistic Services Ltd, Annual General Meeting, Jul 20, 2026. Location: co. offices, Israel Reported Earnings • May 23
First quarter 2026 earnings released: EPS: ₪2.97 (vs ₪0.55 in 1Q 2025) First quarter 2026 results: EPS: ₪2.97 (up from ₪0.55 in 1Q 2025). Revenue: ₪114.3m (down 12% from 1Q 2025). Net income: ₪4.84m (up 441% from 1Q 2025). Profit margin: 4.2% (up from 0.7% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Apr 12
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 6.8% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 487% Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (₪117.1m market cap, or US$38.5m). Reported Earnings • Mar 21
Full year 2025 earnings released: ₪2.00 loss per share (vs ₪3.63 profit in FY 2024) Full year 2025 results: ₪2.00 loss per share (down from ₪3.63 profit in FY 2024). Revenue: ₪507.4m (up 5.2% from FY 2024). Net loss: ₪3.26m (down 155% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Dec 07
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 7.0% 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 (7.0% average weekly change). Earnings have declined by 15% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (341% payout ratio). Market cap is less than US$100m (₪113.1m market cap, or US$34.9m). Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₪79.27, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 16x in the Logistics industry in Asia. Total returns to shareholders of 32% over the past three years. Reported Earnings • Nov 27
Third quarter 2025 earnings released: ₪0.75 loss per share (vs ₪2.04 profit in 3Q 2024) Third quarter 2025 results: ₪0.75 loss per share (down from ₪2.04 profit in 3Q 2024). Revenue: ₪127.4m (flat on 3Q 2024). Net loss: ₪1.23m (down 137% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₪70.54, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 17x in the Logistics industry in Asia. Total returns to shareholders of 11% over the past three years. Announcement • Sep 02
Fridenson Logistic Services Ltd, Annual General Meeting, Oct 15, 2025 Fridenson Logistic Services Ltd, Annual General Meeting, Oct 15, 2025. Location: company offices, Israel Reported Earnings • Aug 14
Second quarter 2025 earnings released: ₪0.11 loss per share (vs ₪1.18 loss in 2Q 2024) Second quarter 2025 results: ₪0.11 loss per share (improved from ₪1.18 loss in 2Q 2024). Revenue: ₪131.5m (up 25% from 2Q 2024). Net loss: ₪173.0k (loss narrowed 91% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • May 24
First quarter 2025 earnings released: EPS: ₪0.55 (vs ₪0.77 in 1Q 2024) First quarter 2025 results: EPS: ₪0.55 (down from ₪0.77 in 1Q 2024). Revenue: ₪129.8m (up 14% from 1Q 2024). Net income: ₪896.0k (down 28% from 1Q 2024). Profit margin: 0.7% (down from 1.1% 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 23% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: ₪3.63 (vs ₪4.55 in FY 2023) Full year 2024 results: EPS: ₪3.63 (down from ₪4.55 in FY 2023). Revenue: ₪482.1m (up 1.8% from FY 2023). Net income: ₪5.93m (down 20% from FY 2023). Profit margin: 1.2% (down from 1.6% 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 24% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 04
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ₪53.58. The fair value is estimated to be ₪43.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Earnings per share has declined by 31%. Buy Or Sell Opportunity • Dec 18
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to ₪52.19. The fair value is estimated to be ₪42.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Earnings per share has declined by 31%. Reported Earnings • Dec 01
Third quarter 2024 earnings released: EPS: ₪2.04 (vs ₪2.12 in 3Q 2023) Third quarter 2024 results: EPS: ₪2.04 (down from ₪2.12 in 3Q 2023). Revenue: ₪127.7m (up 2.1% from 3Q 2023). Net income: ₪3.32m (down 3.8% from 3Q 2023). Profit margin: 2.6% (down from 2.8% 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 31% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₪45.12, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 17x in the Logistics industry in Asia. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₪43.88, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 15x in the Logistics industry in Asia. Total loss to shareholders of 43% over the past three years. Reported Earnings • Aug 18
Second quarter 2024 earnings released: ₪1.18 loss per share (vs ₪1.35 profit in 2Q 2023) Second quarter 2024 results: ₪1.18 loss per share (down from ₪1.35 profit in 2Q 2023). Revenue: ₪105.4m (down 11% from 2Q 2023). Net loss: ₪1.93m (down 188% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. New Risk • Aug 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 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: 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 (5.6% average weekly change). Market cap is less than US$100m (₪85.5m market cap, or US$22.3m). Buy Or Sell Opportunity • Jul 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.3% to ₪53.03. The fair value is estimated to be ₪66.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 22%. Buy Or Sell Opportunity • Jul 11
Now 20% undervalued Over the last 90 days, the stock has risen 1.8% to ₪53.65. The fair value is estimated to be ₪67.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 22%. New Risk • Jun 10
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: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₪82.5m market cap, or US$22.0m). Board Change • Apr 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. 3 experienced directors. 3 highly experienced directors. Independent Director Yuval Dovev was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Dec 13
Now 25% undervalued Over the last 90 days, the stock is up 5.8%. The fair value is estimated to be ₪74.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 5.5%. Reported Earnings • Nov 25
Third quarter 2023 earnings released: EPS: ₪2.12 (vs ₪1.89 in 3Q 2022) Third quarter 2023 results: EPS: ₪2.12 (up from ₪1.89 in 3Q 2022). Revenue: ₪125.0m (down 11% from 3Q 2022). Net income: ₪3.45m (up 12% from 3Q 2022). Profit margin: 2.8% (up from 2.2% in 3Q 2022). The increase in margin was driven by lower 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 7% per year. Upcoming Dividend • Aug 24
Upcoming dividend of ₪1.84 per share at 6.5% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 11 September 2023. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 6.5%. Lower than top quartile of Israeli dividend payers (7.1%). Higher than average of industry peers (2.4%). Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: ₪1.35 (vs ₪1.99 in 2Q 2022) Second quarter 2023 results: EPS: ₪1.35 (down from ₪1.99 in 2Q 2022). Revenue: ₪118.1m (down 26% from 2Q 2022). Net income: ₪2.20m (down 32% from 2Q 2022). Profit margin: 1.9% (down from 2.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. New Risk • Jul 04
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 6.3% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (₪84.1m market cap, or US$22.8m). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₪50.89, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 13x in the Logistics industry in Asia. Total returns to shareholders of 15% over the past three years. Upcoming Dividend • May 31
Upcoming dividend of ₪0.92 per share at 5.6% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 5.6%. Lower than top quartile of Israeli dividend payers (7.2%). Higher than average of industry peers (2.3%). Reported Earnings • May 30
First quarter 2023 earnings released: EPS: ₪1.08 (vs ₪0.57 in 1Q 2022) First quarter 2023 results: EPS: ₪1.08 (up from ₪0.57 in 1Q 2022). Revenue: ₪121.7m (down 22% from 1Q 2022). Net income: ₪1.77m (up 91% from 1Q 2022). Profit margin: 1.5% (up from 0.6% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 28
Upcoming dividend of ₪1.23 per share at 4.8% yield Eligible shareholders must have bought the stock before 04 April 2023. Payment date: 19 April 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Israeli dividend payers (8.6%). Higher than average of industry peers (2.2%). Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: ₪6.05 (vs ₪6.56 in FY 2021) Full year 2022 results: EPS: ₪6.05. Revenue: ₪577.6m (up 11% from FY 2021). Net income: ₪9.87m (up 4.9% from FY 2021). Profit margin: 1.7% (in line with FY 2021). Upcoming Dividend • Nov 30
Upcoming dividend of ₪1.23 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Israeli dividend payers (6.9%). Higher than average of industry peers (2.1%). Reported Earnings • Nov 27
Third quarter 2022 earnings released: EPS: ₪1.89 (vs ₪1.34 in 3Q 2021) Third quarter 2022 results: EPS: ₪1.89 (up from ₪1.34 in 3Q 2021). Revenue: ₪140.0m (up 2.0% from 3Q 2021). Net income: ₪3.08m (up 64% from 3Q 2021). Profit margin: 2.2% (up from 1.4% 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 46% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 01
Upcoming dividend of ₪0.92 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 19 September 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 9.0%. Within top quartile of Israeli dividend payers (5.8%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: ₪1.99 (vs ₪2.33 in 2Q 2021) Second quarter 2022 results: EPS: ₪1.99. Revenue: ₪158.9m (up 22% from 2Q 2021). Net income: ₪3.24m (up 1.0% from 2Q 2021). Profit margin: 2.0% (down from 2.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • May 31
Upcoming dividend of ₪0.92 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 15 June 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.9%. Within top quartile of Israeli dividend payers (5.9%). Higher than average of industry peers (1.8%). Reported Earnings • May 30
First quarter 2022 earnings released: EPS: ₪0.57 (vs ₪2.15 in 1Q 2021) First quarter 2022 results: EPS: ₪0.57 (down from ₪2.15 in 1Q 2021). Revenue: ₪155.5m (up 42% from 1Q 2021). Net income: ₪924.0k (down 69% from 1Q 2021). Profit margin: 0.6% (down from 2.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₪6.56 (up from ₪5.54 in FY 2020). Revenue: ₪518.3m (up 41% from FY 2020). Net income: ₪9.41m (up 24% from FY 2020). Profit margin: 1.8% (down from 2.1% in FY 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 30% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪1.34 (down from ₪1.60 in 3Q 2020). Revenue: ₪137.3m (up 40% from 3Q 2020). Net income: ₪1.87m (down 14% from 3Q 2020). Profit margin: 1.4% (down from 2.2% 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 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 28
Upcoming dividend of ₪5.47 per share Eligible shareholders must have bought the stock before 04 November 2021. Payment date: 15 November 2021. Trailing yield: 6.6%. Within top quartile of Israeli dividend payers (5.7%). Higher than average of industry peers (1.3%). Upcoming Dividend • Aug 23
Upcoming dividend of ₪1.43 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 14 September 2021. Trailing yield: 2.2%. Lower than top quartile of Israeli dividend payers (5.4%). Higher than average of industry peers (1.3%). Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS ₪2.33 (vs ₪0.50 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₪130.3m (up 69% from 2Q 2020). Net income: ₪3.21m (up 366% from 2Q 2020). Profit margin: 2.5% (up from 0.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • May 22
First quarter 2021 earnings released: EPS ₪0.98 (vs ₪0.57 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₪120.9m (up 54% from 1Q 2020). Net income: ₪1.35m (up 72% from 1Q 2020). Profit margin: 1.1% (up from 1.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 08
Upcoming Dividend of ₪1.09 Per Share Will be paid on the 22nd of March to those who are registered shareholders by the 15th of March. The trailing yield of 5.8% is in the top quartile of Israeli dividend payers (5.1%), and it is higher than industry peers (1.0%). Reported Earnings • Mar 05
Full year 2020 earnings released: EPS ₪5.54 (vs ₪1.04 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₪366.6m (up 27% from FY 2019). Net income: ₪7.60m (up ₪9.02m from FY 2019). Profit margin: 2.1% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 02
New 90-day high: ₪63.55 The company is up 1.0% from its price of ₪63.00 on 02 December 2020. The Israeli market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 21
New 90-day low: ₪56.40 The company is down 10.0% from its price of ₪62.62 on 22 October 2020. The Israeli market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 31
New 90-day low: ₪59.85 The company is down 1.0% from its price of ₪60.50 on 01 October 2020. The Israeli market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 4.0% over the same period. Reported Earnings • Nov 24
Third quarter 2020 earnings released: EPS ₪1.60 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₪98.3m (up 46% from 3Q 2019). Net income: ₪2.19m (up ₪3.82m from 3Q 2019). Profit margin: 2.2% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 70% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 09
New 90-day high: ₪64.00 The company is up 48% from its price of ₪43.10 on 11 August 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 10.0% over the same period.