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SLGN

Solegreen TASE:SLGN Stock Report

Last Price

₪17.59

Market Cap

₪491.9m

7D

2.1%

1Y

-43.9%

Updated

08 Aug, 2022

Data

Company Financials
SLGN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends0/6

SLGN Stock Overview

Solegreen Ltd engages in the set-up, development, planning, construction, management, and operation of power generation facilities based on renewable energy in Israel.

Rewards

Became profitable this year

Risk Analysis

High level of non-cash earnings


Solegreen Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Solegreen
Historical stock prices
Current Share Price₪17.59
52 Week High₪32.69
52 Week Low₪14.79
Beta0.84
1 Month Change8.38%
3 Month Change-4.09%
1 Year Change-43.89%
3 Year Change52.96%
5 Year Change109.48%
Change since IPO-97.21%

Recent News & Updates

Shareholder Returns

SLGNIL Renewable EnergyIL Market
7D2.1%2.7%2.4%
1Y-43.9%14.7%15.1%

Return vs Industry: SLGN underperformed the IL Renewable Energy industry which returned 10.4% over the past year.

Return vs Market: SLGN underperformed the IL Market which returned 13.6% over the past year.

Price Volatility

Is SLGN's price volatile compared to industry and market?
SLGN volatility
SLGN Average Weekly Movement5.6%
Renewable Energy Industry Average Movement5.9%
Market Average Movement5.4%
10% most volatile stocks in IL Market9.1%
10% least volatile stocks in IL Market3.6%

Stable Share Price: SLGN is not significantly more volatile than the rest of IL stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SLGN's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200032Tom Shafranhttps://solegreen.co.il

Solegreen Ltd engages in the set-up, development, planning, construction, management, and operation of power generation facilities based on renewable energy in Israel. The company was formerly known as Procognia (Israel) Ltd. and changed its name to Solegreen Ltd in January 2015.

Solegreen Fundamentals Summary

How do Solegreen's earnings and revenue compare to its market cap?
SLGN fundamental statistics
Market Cap₪491.87m
Earnings (TTM)₪12.27m
Revenue (TTM)₪47.38m

40.1x

P/E Ratio

10.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SLGN income statement (TTM)
Revenue₪47.38m
Cost of Revenue₪7.37m
Gross Profit₪40.01m
Other Expenses₪27.74m
Earnings₪12.27m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.44
Gross Margin84.45%
Net Profit Margin25.91%
Debt/Equity Ratio41.1%

How did SLGN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SLGN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SLGN?

Other financial metrics that can be useful for relative valuation.

SLGN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue16.3x
Enterprise Value/EBITDA85.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SLGN's PE Ratio compare to its peers?

SLGN PE Ratio vs Peers
The above table shows the PE ratio for SLGN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average37.6x
ENRG Energix - Renewable Energies
64.9xn/a₪6.9b
3498 Kasumigaseki CapitalLtd
42.2xn/aJP¥22.4b
CHP Central Hydropower
7.1xn/a₫3.5t
FINT Fintel Energija a.d
36x1.5%дин16.7b
SLGN Solegreen
40.1xn/a₪491.9m

Price-To-Earnings vs Peers: SLGN is expensive based on its Price-To-Earnings Ratio (40.1x) compared to the peer average (37.6x).


Price to Earnings Ratio vs Industry

How does SLGN's PE Ratio compare vs other companies in the Asian Renewable Energy Industry?

Price-To-Earnings vs Industry: SLGN is expensive based on its Price-To-Earnings Ratio (40.1x) compared to the Asian Renewable Energy industry average (14.4x)


Price to Earnings Ratio vs Fair Ratio

What is SLGN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SLGN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SLGN's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SLGN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate SLGN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SLGN's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Solegreen forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.5%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Solegreen has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of SLGN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Solegreen performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-36.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SLGN has a high level of non-cash earnings.

Growing Profit Margin: SLGN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SLGN has become profitable over the past 5 years, growing earnings by -36% per year.

Accelerating Growth: SLGN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SLGN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (1.4%).


Return on Equity

High ROE: SLGN's Return on Equity (1%) is considered low.


Discover strong past performing companies

Financial Health

How is Solegreen's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SLGN's short term assets (₪239.0M) exceed its short term liabilities (₪196.2M).

Long Term Liabilities: SLGN's short term assets (₪239.0M) do not cover its long term liabilities (₪372.1M).


Debt to Equity History and Analysis

Debt Level: SLGN's net debt to equity ratio (24.3%) is considered satisfactory.

Reducing Debt: SLGN's debt to equity ratio has reduced from 275.5% to 41.1% over the past 5 years.

Debt Coverage: SLGN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if SLGN's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Solegreen current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate SLGN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SLGN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SLGN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SLGN's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: SLGN is not paying a notable dividend for the IL market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SLGN has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Tom Shafran (40 yo)

3.75yrs

Tenure

₪906,000

Compensation

Mr. Tomer Shafran, also known as Tom, serves as Chief Executive Officer of Solegreen Ltd.


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Tom's total compensation is reasonable compared to companies of similar size in the IL market.

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SLGN's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: SLGN's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Solegreen Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Solegreen Ltd
  • Ticker: SLGN
  • Exchange: TASE
  • Founded: 2000
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Implied Market Cap: ₪491.868m
  • Shares outstanding: 27.96m
  • Website: https://solegreen.co.il

Number of Employees


Location

  • Solegreen Ltd
  • 8 Abba Even Blvd.
  • Building B
  • Herzliya
  • 4672526
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.