OTCPK:BKHP.F

Stock Analysis Report

Executive Summary

Bank Hapoalim B.M., together with its subsidiaries, provides a range of banking and financial products and services in Israel and internationally.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Risks

  • Bank Hapoalim B.M is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Bank Hapoalim B.M's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:BKHP.F

3.3%

US Banks

2.1%

US Market


1 Year Return

2.1%

OTCPK:BKHP.F

-13.8%

US Banks

-0.04%

US Market

BKHP.F outperformed the Banks industry which returned -14.8% over the past year.

BKHP.F outperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

BKHP.FIndustryMarket
7 Day0%3.3%2.1%
30 Day0%-7.0%-3.2%
90 Dayn/a-2.3%2.8%
1 Year2.1%2.1%-11.3%-13.8%2.2%-0.04%
3 Yearn/a42.5%32.7%41.5%32.3%
5 Yearn/a54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

How volatile is Bank Hapoalim B.M's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bank Hapoalim B.M undervalued based on future cash flows and its price relative to the stock market?

14.49x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Bank Hapoalim B.M's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Bank Hapoalim B.M's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Bank Hapoalim B.M is overvalued based on earnings compared to the US Banks industry average.

Bank Hapoalim B.M is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Bank Hapoalim B.M is good value based on expected growth next year.


Price Based on Value of Assets

Bank Hapoalim B.M is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Bank Hapoalim B.M expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

19.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Bank Hapoalim B.M's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).

Bank Hapoalim B.M's earnings are expected to grow by 19.3% yearly, however this is not considered high growth (20% yearly).

Bank Hapoalim B.M's revenue growth is positive but not above the United States of America market average.

Bank Hapoalim B.M's earnings growth is expected to exceed the United States of America market average.

Bank Hapoalim B.M's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Bank Hapoalim B.M is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Bank Hapoalim B.M performed over the past 5 years?

-4.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Bank Hapoalim B.M's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Bank Hapoalim B.M's 1-year earnings growth exceeds its 5-year average (9.3% vs -4.9%)

Bank Hapoalim B.M's earnings growth has not exceeded the US Banks industry average in the past year (9.3% vs 33.2%).


Return on Equity

Bank Hapoalim B.M has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bank Hapoalim B.M used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Bank Hapoalim B.M improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Bank Hapoalim B.M's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Bank Hapoalim B.M has an acceptable proportion of non-loan assets held.

Bank Hapoalim B.M has a sufficient allowance for bad loans.

Bank Hapoalim B.M's liabilities are made up of primarily low risk sources of funding.

Bank Hapoalim B.M's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Bank Hapoalim B.M are broadly funded by customer deposits.

Bank Hapoalim B.M has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Bank Hapoalim B.M's current dividend yield, its reliability and sustainability?

3.01%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Bank Hapoalim B.M's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Bank Hapoalim B.M's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Bank Hapoalim B.M has not reported any payouts.

Unable to verify if Bank Hapoalim B.M's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Bank Hapoalim B.M has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).


Next Steps

Management

What is the CEO of Bank Hapoalim B.M's salary, the management and board of directors tenure and is there insider trading?

3.5yrs

Average management tenure


CEO

Arik Pinto (58yo)

3.0yrs

Tenure

₪1,800,000

Compensation

Mr. Arik Pinto has been Chief Executive Officer and President of Bank Hapoalim B.M. since August 1, 2016 and serves as its Member of Management Board since September 8, 2009. Mr. Pinto served as Deputy Chi ...


CEO Compensation Analysis

Arik's remuneration is lower than average for companies of similar size in United States of America.

Arik's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.5yrs

Average Tenure

52yo

Average Age

The tenure for the Bank Hapoalim B.M management team is about average.


Board Age and Tenure

2.6yrs

Average Tenure

65yo

Average Age

The average tenure for the Bank Hapoalim B.M board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ofer Levy (65yo)

    Chief Accountant

    • Tenure: 13.3yrs
    • Compensation: ₪5.51m
  • Arik Pinto (58yo)

    President

    • Tenure: 3.0yrs
    • Compensation: ₪1.80m
  • Tsahi Cohen (54yo)

    Head of Corporate Banking & Member of the Board of Management

    • Tenure: 7.1yrs
    • Compensation: ₪3.04m
  • Yadin Antebi (49yo)

    Senior Deputy MD

    • Tenure: 6.1yrs
    • Compensation: ₪2.75m
  • Ron Weksler

    Chief Executive Officer of Isracard

    • Tenure: 3.5yrs
    • Compensation: ₪2.64m
  • Yael Almog (46yo)

    Chief Legal Adviser & Member of the Board of Management

    • Tenure: 1.6yrs
    • Compensation: ₪2.45m
  • Zeev Hayo (58yo)

    Chief Internal Auditor

    • Tenure: 5.1yrs
    • Compensation: ₪4.76m
  • Eti Ben-Zeev (52yo)

    Chief Information Officer

    • Tenure: 3.5yrs
    • Compensation: ₪2.78m
  • Golan Scherman (51yo)

    Head of Innovation & Member of Management Board

    • Tenure: 1.5yrs
    • Compensation: ₪2.13m
  • Ofer Koren (49yo)

    CFO, Head of Finance

    • Tenure: 1.6yrs

Board Members

  • Dalia Lev (72yo)

    External Director

    • Tenure: 1.3yrs
  • Moshe Koren (81yo)

    Director

    • Tenure: 27.0yrs
  • Ronit Abramson-Rokach (62yo)

    External Director

    • Tenure: 1.5yrs
  • Oded Eran (64yo)

    Chairman of the Board

    • Tenure: 2.6yrs
    • Compensation: ₪2.84m
  • Yacov Peer (65yo)

    Independent Director

    • Tenure: 8.8yrs
  • Ruben Krupik (68yo)

    Independent Director

    • Tenure: 3.5yrs
  • Richard Kaplan (64yo)

    Director

    • Tenure: 1.1yrs

Company Information

Bank Hapoalim B.M.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank Hapoalim B.M.
  • Ticker: BKHP.F
  • Exchange: OTCPK
  • Founded: 1921
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₪35.035b
  • Listing Market Cap: ₪9.957b
  • Shares outstanding: 1.34b
  • Website: https://www.bankhapoalim.com

Number of Employees


Location

  • Bank Hapoalim B.M.
  • Global Private Banking Center
  • 104 Hayarkon Street
  • Tel Aviv
  • 63432
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
POLITASE (The Tel-Aviv Stock Exchange)YesOrdinary SharesILILSJul 1995
BKHP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 1995
BKHY.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDMay 2006

Biography

Bank Hapoalim B.M., together with its subsidiaries, provides a range of banking and financial products and services in Israel and internationally. The company offers account-management services, credits fo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:10
End of Day Share Price2019/06/03 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.