OTCPK:HAIP.F

Stock Analysis Report

Executive Summary

Hadera Paper Ltd., through its subsidiaries, manufactures and sells writing and printing paper, packaging paper, cardboard and corrugated boards, and recycled paper products in Israel and internationally.

Snowflake

Fundamentals

Adequate balance sheet with acceptable track record.

Risks

  • Hadera Paper is not covered by any analysts.

Share Price & News

How has Hadera Paper's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:HAIP.F

2.6%

US Forestry

2.1%

US Market


1 Year Return

n/a

OTCPK:HAIP.F

-23.0%

US Forestry

-0.04%

US Market

No trading data on HAIP.F.

No trading data on HAIP.F.


Share holder returns

HAIP.FIndustryMarket
7 Day0%2.6%2.1%
30 Day-16.0%-9.0%-3.2%
90 Dayn/a-6.1%2.8%
1 Yearn/a-20.2%-23.0%2.2%-0.04%
3 Yearn/a10.4%2.6%41.5%32.3%
5 Year37.7%28.6%4.9%-6.0%55.0%37.8%

Price Volatility Vs. Market

How volatile is Hadera Paper's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Hadera Paper undervalued based on future cash flows and its price relative to the stock market?

11.49x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

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

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


Price Based on Earnings

Hadera Paper is overvalued based on earnings compared to the US Forestry industry average.

Hadera Paper is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Hadera Paper, we can't assess if its growth is good value.


Price Based on Value of Assets

Hadera Paper is overvalued based on assets compared to the US Forestry industry average.


Next Steps

Future Growth

How is Hadera Paper expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Hadera Paper is high growth as no revenue estimate data is available.

Hadera Paper's earnings are expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).

Unable to compare Hadera Paper's revenue growth to the United States of America market average as no estimate data is available.

Hadera Paper's earnings growth is positive but not above the United States of America market average.

Hadera Paper's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Hadera Paper will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Hadera Paper performed over the past 5 years?

32.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Hadera Paper has delivered over 20% year on year earnings growth in the past 5 years.

Hadera Paper's 1-year earnings growth exceeds its 5-year average (49.7% vs 32.2%)

Hadera Paper's earnings growth has not exceeded the US Forestry industry average in the past year (49.7% vs 88%).


Return on Equity

Hadera Paper has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Hadera Paper used its assets less efficiently than the US Forestry industry average last year based on Return on Assets.


Return on Capital Employed

Hadera Paper has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Hadera Paper's financial position?


Financial Position Analysis

Hadera Paper is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Hadera Paper's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Hadera Paper's level of debt (55.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (157.8% vs 55.8% today).

Debt is well covered by operating cash flow (33.9%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.9x debt.


Next Steps

Dividend

What is Hadera Paper's current dividend yield, its reliability and sustainability?

9.80%

Current Dividend Yield


Dividend Yield and Payments Analysis

Hadera Paper's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Hadera Paper's dividend is above the markets top 25% of dividend payers in United States of America (3.82%).

It is too early to tell whether Hadera Paper has stable dividend payments.

Hadera Paper only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.9x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Hadera Paper's salary, the management and board of directors tenure and is there insider trading?

4.5yrs

Average management tenure


CEO

Gadi Konia 0

4.6yrs

Tenure

₪2,728,000

Compensation

Mr. Gadi Konia has been the Acting Chief Executive Officer at Hadera Paper Ltd. since January 23, 2015 and served its as a Chief Financial Officer since March 13, 2014. 


CEO Compensation Analysis

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

Insufficient data for Gadi to compare compensation growth.


Management Age and Tenure

4.5yrs

Average Tenure

67yo

Average Age

The tenure for the Hadera Paper management team is about average.


Board Age and Tenure

0.4yrs

Average Tenure

55.5yo

Average Age

The average tenure for the Hadera Paper 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

  • Rimon Ben-Shaoul (74yo)

    Executive Officer

    • Tenure: 0.0yrs
  • Avraham Asheri (81yo)

    Executive Officer

    • Tenure: 0.0yrs
  • Gideon Lieberman (69yo)

    COO, VP - Operations and CEO of Hadera Paper Development & Infrastructures

    • Tenure: 0.0yrs
    • Compensation: ₪1.19m
  • Ari Evron

    Chief Executive Officer of Graffiti - Office Supplies and Equipment Marketing

    • Tenure: 0.0yrs
    • Compensation: ₪1.31m
  • Gadi Konia

    Acting Chief Executive Officer

    • Tenure: 4.6yrs
    • Compensation: ₪2.73m
  • Lior Helman (52yo)

    Acting Chief Financial Officer

    • Tenure: 3.4yrs
    • Compensation: ₪1.49m
  • Anat Rothschild (41yo)

    Legal Advisor and Company Secretary

    • Tenure: 4.3yrs
  • Shlomo Yehudai (65yo)

    Vice President of Human Resources

    • Tenure: 8.3yrs

Board Members

  • Rocha Lavine (54yo)

    Director

    • Tenure: 0.4yrs
  • Yitzhak Sharir (69yo)

    Director

    • Tenure: 0.0yrs
  • Ishay Davidi (57yo)

    Chairman

    • Tenure: 0.0yrs
    • Compensation: ₪370.00k
  • Ami Boehm (48yo)

    Director

    • Tenure: 0.0yrs
  • Amit Ben-Zvi (53yo)

    Director

    • Tenure: 0.0yrs
  • Yarom Ariav (65yo)

    Director

    • Tenure: 0.4yrs
  • Shalom Zinger

    Independent Director

    • Tenure: 0.0yrs
  • Keren Truman

    Director

    • Tenure: 0.4yrs

Company Information

Hadera Paper Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hadera Paper Ltd.
  • Ticker: HAIP.F
  • Exchange: OTCPK
  • Founded: 1951
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: ₪1.171b
  • Listing Market Cap: ₪333.760m
  • Shares outstanding: 6.40m
  • Website: https://www.hadera-paper.co.il

Number of Employees


Location

  • Hadera Paper Ltd.
  • Maizer Street
  • Industrial Zone
  • Hadera
  • 38101
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HAPTASE (The Tel-Aviv Stock Exchange)YesOrdinary SharesILILSNov 1980
HAIP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1980

Biography

Hadera Paper Ltd., through its subsidiaries, manufactures and sells writing and printing paper, packaging paper, cardboard and corrugated boards, and recycled paper products in Israel and internationally.  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 00:25
End of Day Share Price2019/08/07 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.