OTCPK:BKHY.Y

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.


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

0.02%

BKHY.Y

1.7%

US Banks

1.3%

US Market


1 Year Return

10.2%

BKHY.Y

0.3%

US Banks

5.9%

US Market

Return vs Industry: BKHY.Y exceeded the US Banks industry which returned 0.3% over the past year.

Return vs Market: BKHY.Y exceeded the US Market which returned 5.9% over the past year.


Shareholder returns

BKHY.YIndustryMarket
7 Day0.02%1.7%1.3%
30 Day-0.6%-2.4%-1.9%
90 Day-2.4%1.0%-1.8%
1 Year10.2%10.2%3.2%0.3%8.3%5.9%
3 Year36.2%31.8%52.1%41.7%45.6%36.2%
5 Year50.9%41.7%69.8%51.4%66.1%47.9%

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 compared to its fair value and its price relative to the market?

15.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: BKHY.Y ($37.75) is trading above our estimate of fair value ($21.82)

Significantly Undervalued: BKHY.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BKHY.Y is poor value based on its PE Ratio (15.5x) compared to the Banks industry average (12.5x).

PE vs Market: BKHY.Y is good value based on its PE Ratio (15.5x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: BKHY.Y is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: BKHY.Y is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

22.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKHY.Y's forecast earnings growth (22.3% per year) is above the savings rate (2.7%).

Earnings vs Market: BKHY.Y's earnings (22.3% per year) are forecast to grow faster than the US market (14.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BKHY.Y's revenue (6.3% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: BKHY.Y's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BKHY.Y's Return on Equity is forecast to be low in 3 years time (9.3%).


Next Steps

Past Performance

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

-5.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BKHY.Y's earnings have declined by -5.6% per year over the past 5 years.

Accelerating Growth: BKHY.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BKHY.Y had negative earnings growth (-0.8%) over the past year, making it difficult to compare to the Banks industry average (31.8%).


Return on Equity

High ROE: BKHY.Y's Return on Equity (5.8%) is considered low.


Return on Assets

ROA vs Industry: BKHY.Y's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BKHY.Y's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: BKHY.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: BKHY.Y's debt is covered by short term assets (assets are 2.250100x debt).


Financial Institutions Analysis

Asset Level: BKHY.Y's level of assets compared to its equity is moderate.

Allowance for Bad Loans: BKHY.Y has a sufficient allowance for bad loans.

Low Risk Liabilities: BKHY.Y's liabilities are made up of primarily low risk sources of funding.

Loan Level: BKHY.Y has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BKHY.Y's loans are broadly funded by customer deposits.

Level of Bad Loans: BKHY.Y has an appropriate level of bad loans (0.86%)


Next Steps

Dividend

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

2.92%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Years2.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: BKHY.Y is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BKHY.Y's dividend in 3 years as they are not forecast to pay a notable one for the US market.


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?

3.7yrs

Average management tenure


CEO

Dov Kotler (63yo)

0yrs

Tenure

₪6,009,000

Compensation

Mr. Dov Kotler has been Chief Executive Officer and Member of the Board of Management at Bank Hapoalim B.M. since October 01, 2019. Mr. Kotler serves as a Member of Advisory Board at Splitit USA Inc. (form ...


CEO Compensation Analysis

Compensation vs. Market: Dov's total compensation ($USD0.00) is too low to compare against companies of similar size in the US market ($USD11.20M).

Compensation vs Earnings: Dov's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

3.7yrs

Average Tenure

52yo

Average Age

Experienced Management: BKHY.Y's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

2.2yrs

Average Tenure

66yo

Average Age

Experienced Board: BKHY.Y's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Dov Kotler (63yo)

    CEO & Member of the Board of Management

    • Tenure: 0yrs
    • Compensation: ₪6.01m
  • Ofer Levy (65yo)

    Chief Accountant

    • Tenure: 13.4yrs
    • Compensation: ₪5.51m
  • Tsahi Cohen (54yo)

    Head of Corporate Banking & Member of the Board of Management

    • Tenure: 7.3yrs
    • Compensation: ₪3.04m
  • Yadin Antebi (49yo)

    Senior Deputy MD

    • Tenure: 6.3yrs
    • Compensation: ₪2.75m
  • Ron Weksler

    Chief Executive Officer of Isracard

    • Tenure: 3.7yrs
    • Compensation: ₪2.64m
  • Yael Almog (46yo)

    Chief Legal Adviser & Member of the Board of Management

    • Tenure: 1.8yrs
    • Compensation: ₪2.45m
  • Zeev Hayo (58yo)

    Chief Internal Auditor

    • Tenure: 5.3yrs
    • Compensation: ₪4.76m
  • Eti Ben-Zeev (52yo)

    Chief Information Officer

    • Tenure: 3.7yrs
    • Compensation: ₪2.78m
  • Golan Scherman (51yo)

    Head of Innovation & Member of Management Board

    • Tenure: 1.7yrs
    • Compensation: ₪2.13m
  • Ofer Koren (49yo)

    CFO, Head of Finance

    • Tenure: 1.8yrs

Board Members

  • Dalia Lev (72yo)

    External Director

    • Tenure: 1.5yrs
  • Moshe Koren (81yo)

    Director

    • Tenure: 27.2yrs
  • Ronit Abramson-Rokach (62yo)

    External Director

    • Tenure: 1.7yrs
  • Oded Eran (64yo)

    Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: ₪2.84m
  • Ruben Krupik (68yo)

    Independent Director

    • Tenure: 3.7yrs
  • Richard Kaplan (64yo)

    Director

    • Tenure: 1.3yrs

Company Information

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


Key Information

  • Name: Bank Hapoalim B.M.
  • Ticker: BKHY.Y
  • Exchange: OTCPK
  • Founded: 1921
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₪35.716b
  • Listing Market Cap: ₪10.171b
  • 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 Analysis2019/10/14 23:51
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
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.