Optibase Ltd., together with its subsidiaries, operates in the fixed-income real estate sector in Luxemburg, Switzerland, Germany, and the United States.
Slightly overvalued with worrying balance sheet.
Share Price & News
How has Optibase's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OBAS has not had significant price volatility in the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: OBAS exceeded the US Real Estate industry which returned 0.5% over the past year.
Return vs Market: OBAS exceeded the US Market which returned 10.2% over the past year.
Price Volatility Vs. Market
How volatile is Optibase's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StA Look At The Intrinsic Value Of Optibase Ltd. (NASDAQ:OBAS)
1 month ago | Simply Wall StIs Optibase Ltd.'s (NASDAQ:OBAS) CEO Paid Enough Relative To Peers?
2 months ago | Simply Wall StWe Think Optibase (NASDAQ:OBAS) Is Taking Some Risk With Its Debt
Is Optibase undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OBAS ($11.79) is trading below our estimate of fair value ($11.88)
Significantly Below Fair Value: OBAS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: OBAS is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.
PE vs Market: OBAS is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OBAS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OBAS is good value based on its PB Ratio (1.2x) compared to the US Real Estate industry average (1.3x).
How is Optibase forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate 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 Optibase 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.
- Take a look at our analysis of OBAS’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.
- Explore growth companies in the Real Estate industry.
How has Optibase performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OBAS is currently unprofitable.
Growing Profit Margin: OBAS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: OBAS is unprofitable, and losses have increased over the past 5 years at a rate of -58.4% per year.
Accelerating Growth: Unable to compare OBAS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OBAS is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-31.1%).
Return on Equity
High ROE: OBAS has a negative Return on Equity (0.59%), as it is currently unprofitable.
How is Optibase's financial position?
Financial Position Analysis
Short Term Liabilities: OBAS's short term assets ($17.0M) exceed its short term liabilities ($13.4M).
Long Term Liabilities: OBAS's short term assets ($17.0M) do not cover its long term liabilities ($153.7M).
Debt to Equity History and Analysis
Debt Level: OBAS's debt to equity ratio (190.6%) is considered high.
Reducing Debt: OBAS's debt to equity ratio has increased from 155.8% to 190.6% over the past 5 years.
Inventory Level: OBAS has a high level of physical assets or inventory.
Debt Coverage by Assets: OBAS's debt is not covered by short term assets (assets are 0.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: OBAS has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: Insufficient data to determine if OBAS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Optibase's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OBAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate OBAS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if OBAS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OBAS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OBAS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Amir Philips (51yo)
Mr. Amir Philips has been the Chief Executive Officer of Optibase Ltd. since June 1, 2011. Mr. Philips served as the Chief Financial Officer of Optibase Ltd. since May 15, 2007 until June 2011 and served a ...
CEO Compensation Analysis
Compensation vs Market: Amir's total compensation ($USD344.70K) is below average for companies of similar size in the US market ($USD529.87K).
Compensation vs Earnings: Amir's compensation has been consistent with company performance over the past year.
|Executive Chairman||10.4yrs||US$78.10k||0.40% $246.0k|
|External Director||9.2yrs||no data||no data|
|External Director||0.08yrs||no data||no data|
|External Director||12.1yrs||no data||0.10% $61.5k|
|External Director||0.2yrs||no data||no data|
Experienced Board: OBAS's board of directors are considered experienced (9.2 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Optibase Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Optibase Ltd.
- Ticker: OBAS
- Exchange: NasdaqGM
- Founded: 1990
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: US$61.499m
- Shares outstanding: 5.22m
- Website: https://www.optibase-holdings.com
Number of Employees
- Optibase Ltd.
- 8 Hamenofim Street
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OBAS||NasdaqGM (Nasdaq Global Market)||Yes||Ordinary Shares||US||USD||Apr 1999|
|OP4||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Apr 1999|
|OBAS||TASE (The Tel-Aviv Stock Exchange)||Yes||Ordinary Shares||IL||ILS||Apr 1999|
Optibase Ltd., together with its subsidiaries, operates in the fixed-income real estate sector in Luxemburg, Switzerland, Germany, and the United States. The company purchases and operates real estate properties intended for leasing and resale primarily for the purpose of commercial, industrial, office space, parking garage, and warehouse use, as well as for residential purposes. The company was formerly known as Optibase Advanced Systems (1990) Ltd. and changed its name to Optibase Ltd. in November 1993. The company was founded in 1990 and is headquartered in Herzliya, Israel. Optibase Ltd. is a subsidiary of The Capri Family Foundation.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 00:28|
|End of Day Share Price||2020/02/24 00:00|
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.