OTCPK:BLMI.F

Stock Analysis Report

Bank Leumi le- Israel B.M

Executive Summary

Bank Leumi le-Israel B.M., together with its subsidiaries, provides banking and financial services in Israel and internationally.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Bank Leumi le- Israel 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%

BLMI.F

1.4%

US Banks

1.0%

US Market


1 Year Return

6.5%

BLMI.F

0.2%

US Banks

6.7%

US Market

Return vs Industry: BLMI.F exceeded the US Banks industry which returned 0.2% over the past year.

Return vs Market: BLMI.F exceeded the US Market which returned 6.7% over the past year.


Shareholder returns

BLMI.FIndustryMarket
7 Day0%1.4%1.0%
30 Day0%-2.6%-1.8%
90 Dayn/a0.8%-1.8%
1 Year6.5%6.5%3.1%0.2%9.1%6.7%
3 Year79.1%79.1%52.0%41.5%46.1%36.6%
5 Year76.3%76.3%69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

How volatile is Bank Leumi le- Israel 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 Leumi le- Israel B.M undervalued compared to its fair value and its price relative to the market?

6.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: BLMI.F ($6.7) is trading below our estimate of fair value ($7.15)

Significantly Undervalued: BLMI.F is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BLMI.F is good value based on its PE Ratio (9.9x) compared to the Banks industry average (12.5x).

PE vs Market: BLMI.F is good value based on its PE Ratio (9.9x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: BLMI.F is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: BLMI.F is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Bank Leumi le- Israel B.M forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

7.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLMI.F's forecast earnings growth (7.3% per year) is above the savings rate (2.7%).

Earnings vs Market: BLMI.F's earnings (7.3% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: BLMI.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: BLMI.F's revenue (6.7% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: BLMI.F's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BLMI.F's Return on Equity is forecast to be low in 3 years time (11.3%).


Next Steps

Past Performance

How has Bank Leumi le- Israel B.M performed over the past 5 years?

14.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BLMI.F's earnings have grown by 14.2% per year over the past 5 years.

Accelerating Growth: BLMI.F's earnings growth over the past year (10%) is below its 5-year average (14.2% per year).

Earnings vs Industry: BLMI.F earnings growth over the past year (10%) underperformed the Banks industry 31.8%.


Return on Equity

High ROE: BLMI.F's Return on Equity (10.1%) is considered low.


Return on Assets

ROA vs Industry: BLMI.F'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 BLMI.F's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Bank Leumi le- Israel 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: BLMI.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: BLMI.F's debt is covered by short term assets (assets are 3.003720x debt).


Financial Institutions Analysis

Asset Level: BLMI.F's level of assets compared to its equity is moderate.

Allowance for Bad Loans: BLMI.F has a sufficient allowance for bad loans.

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

Loan Level: BLMI.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BLMI.F's loans are broadly funded by customer deposits.

Level of Bad Loans: BLMI.F has an appropriate level of bad loans (0.75%)


Next Steps

Dividend

What is Bank Leumi le- Israel B.M's current dividend yield, its reliability and sustainability?

3.59%

Current Dividend Yield


Dividend Yield vs Market

company3.6%marketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Years5.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BLMI.F's dividend (3.59%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: BLMI.F's dividend (3.59%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: BLMI.F has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BLMI.F's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.7%), BLMI.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BLMI.F's dividends in 3 years are forecast to be well covered by earnings (45.2% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Rakefet Russak-Aminoach (53yo)

7.3yrs

Tenure

₪3,123,000

Compensation

Ms. Rakefet Russak-Aminoach, CPA, has been the President and Chief Executive Officer of Bank Leumi Le- Israel B.M since May 1, 2012. Ms. Russak-Aminoach served as a Deputy Chief Executive Officer and Head  ...


CEO Compensation Analysis

Compensation vs. Market: Rakefet's total compensation ($USD881.26K) is below average for companies of similar size in the US market ($USD11.20M).

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


Management Age and Tenure

3.0yrs

Average Tenure

49yo

Average Age

Experienced Management: BLMI.F's management team is considered experienced (3 years average tenure).


Board Age and Tenure

4.0yrs

Average Tenure

69yo

Average Age

Experienced Board: BLMI.F's board of directors are considered experienced (4 years average tenure).


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

  • Rakefet Russak-Aminoach (53yo)

    CEO & President

    • Tenure: 7.3yrs
    • Compensation: ₪3.12m
  • Raja Dakkuri (48yo)

    CFO of BLUSA and VP of Finance & Operations of Leumi USA

    • Tenure: 0yrs
    • Compensation: ₪4.29m
  • Omer Ziv (49yo)

    First Executive VP

    • Tenure: 3yrs
    • Compensation: ₪2.74m
  • Ronen Agassi (51yo)

    Head of Capital Markets Division & First Executive VP

    • Tenure: 2.3yrs
    • Compensation: ₪2.96m
  • Hanan Friedman (48yo)

    First Executive VP & Head of The Strategy

    • Tenure: 0yrs
    • Compensation: ₪2.79m
  • Avner Mendelson

    CEO & President of Bank Leumi USA

    • Tenure: 5.9yrs
    • Compensation: ₪8.20m
  • Shlomo Goldfarb

    First Executive VP

    • Tenure: 6.3yrs
  • Shawn McGowen

    Head of Commercial Banking - Leumi USA

    • Tenure: 0yrs
    • Compensation: ₪5.12m
  • Shay Basson

    First Executive VP & Head of Leumi Technologies Division

    • Tenure: 1.9yrs
    • Compensation: ₪2.96m
  • Eyal Ben-Haim

    First Executive VP & Head of the Operations Division

    • Tenure: 0.4yrs

Board Members

  • David Brodet (75yo)

    Director

    • Tenure: 9.1yrs
    • Compensation: ₪3.11m
  • David Bar-Lev

    Chairman of Leumi Mortgage Bank Ltd

    • Tenure: 8.6yrs
    • Compensation: ₪3.56m
  • Muli Ben-Zvi (59yo)

    Director

    • Tenure: 4yrs
  • Ohad Marani (64yo)

    Director

    • Tenure: 3.8yrs
  • Tami Gottlieb (62yo)

    Director

    • Tenure: 4yrs
  • Yoav Nardi (75yo)

    Director

    • Tenure: 9.1yrs
  • Ester Dominissini (69yo)

    Director

    • Tenure: 2.8yrs
  • Zipporah Samet (73yo)

    Director

    • Tenure: 5yrs
  • Samer Haj-Yehia (50yo)

    Chairman

    • Tenure: 0.08yrs
  • Yitzhak Idelman (69yo)

    Outside Director

    • Tenure: 2.5yrs

Company Information

Bank Leumi le- Israel B.M.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank Leumi le- Israel B.M.
  • Ticker: BLMI.F
  • Exchange: OTCPK
  • Founded: 1902
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₪35.947b
  • Listing Market Cap: ₪10.144b
  • Shares outstanding: 1.49b
  • Website: https://www.leumi.co.il

Number of Employees


Location

  • Bank Leumi le- Israel B.M.
  • 24-32 Yehuda Halevi Street
  • Tel Aviv
  • 65546
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLMI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 1980
LUMITASE (The Tel-Aviv Stock Exchange)YesOrdinary SharesILILSOct 1980

Biography

Bank Leumi le-Israel B.M., together with its subsidiaries, provides banking and financial services in Israel and internationally. It operates through Households, Private Banking, Micro Businesses, Small Bu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:59
End of Day Share Price2019/05/20 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.