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Azrieli Group

OTCPK:AZRG.F
Snowflake Description

Moderate growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AZRG.F
OTCPK
₪27B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Azrieli Group Ltd. operates in the real estate industry. The last earnings update was 25 days ago. More info.


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AZRG.F Share Price and Events
7 Day Returns
0%
OTCPK:AZRG.F
0.6%
US Real Estate
0.6%
US Market
1 Year Returns
-
OTCPK:AZRG.F
-8.6%
US Real Estate
8.2%
US Market
AZRG.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Azrieli Group (AZRG.F) 0% 0% 0% - - -
US Real Estate 0.6% 3.1% 13.8% -8.6% 26.3% 14.8%
US Market 0.6% 3.1% 12% 8.2% 39.4% 46.9%
1 Year Return vs Industry and Market
  • No trading data on AZRG.F.
  • No trading data on AZRG.F.
Price Volatility
AZRG.F
Industry
5yr Volatility vs Market
Related Companies

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Azrieli Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Azrieli Group.

OTCPK:AZRG.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:AZRG.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.229 (1 + (1- 23%) (36.81%))
1.387
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.387 * 5.96%)
11%

Discounted Cash Flow Calculation for OTCPK:AZRG.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Azrieli Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:AZRG.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ILS, Millions) Source Present Value
Discounted (@ 11%)
2019 1,158.39 Est @ -0.4% 1,043.61
2020 1,164.65 Est @ 0.54% 945.29
2021 1,178.59 Est @ 1.2% 861.82
2022 1,198.12 Est @ 1.66% 789.30
2023 1,221.83 Est @ 1.98% 725.16
2024 1,248.76 Est @ 2.2% 667.71
2025 1,278.26 Est @ 2.36% 615.76
2026 1,309.86 Est @ 2.47% 568.47
2027 1,343.26 Est @ 2.55% 525.20
2028 1,378.23 Est @ 2.6% 485.48
Present value of next 10 years cash flows ₪7,227.82
OTCPK:AZRG.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₪1,378.23 × (1 + 2.73%) ÷ (11% – 2.73%)
₪17,124.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₪17,124.66 ÷ (1 + 11%)10
₪6,032.15
OTCPK:AZRG.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₪7,227.82 + ₪6,032.15
₪13,259.97
Equity Value per Share
(ILS)
= Total value / Shares Outstanding
= ₪13,259.97 / 121.27
₪109.34
OTCPK:AZRG.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:AZRG.F represents 0.22781x of TASE:AZRG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.22781x
Value per Share
(Listing Adjusted, USD)
= Value per Share (ILS) x Listing Adjustment Factor
= ₪ 109.34 x 0.22781
$24.91
Value per share (USD) From above. $24.91
Current discount Discount to share price of $50.80
= -1 x ($50.80 - $24.91) / $24.91
-104%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Azrieli Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Azrieli Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Azrieli Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:AZRG.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in ILS ₪10.06
TASE:AZRG Share Price ** TASE (2019-01-15) in ILS ₪223
United States of America Real Estate Industry PE Ratio Median Figure of 27 Publicly-Listed Real Estate Companies 17.52x
United States of America Market PE Ratio Median Figure of 3,070 Publicly-Listed Companies 18.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Azrieli Group.

OTCPK:AZRG.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TASE:AZRG Share Price ÷ EPS (both in ILS)

= 223 ÷ 10.06

22.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Azrieli Group is overvalued based on earnings compared to the US Real Estate industry average.
  • Azrieli Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Azrieli Group's expected growth come at a high price?
Raw Data
OTCPK:AZRG.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
35.1%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 1.73x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

OTCPK:AZRG.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.17x ÷ 35.1%

0.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Azrieli Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Azrieli Group's assets?
Raw Data
OTCPK:AZRG.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in ILS ₪140.81
TASE:AZRG Share Price * TASE (2019-01-15) in ILS ₪223
United States of America Real Estate Industry PB Ratio Median Figure of 54 Publicly-Listed Real Estate Companies 1.53x
United States of America Market PB Ratio Median Figure of 5,175 Publicly-Listed Companies 1.94x
OTCPK:AZRG.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TASE:AZRG Share Price ÷ Book Value per Share (both in ILS)

= 223 ÷ 140.81

1.58x

* Primary Listing of Azrieli Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Azrieli Group is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Azrieli Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Azrieli Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Azrieli Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Azrieli Group expected to grow at an attractive rate?
  • Azrieli Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Azrieli Group's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Azrieli Group's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:AZRG.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:AZRG.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 35.1%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:AZRG.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in ILS Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:AZRG.F Future Estimates Data
Date (Data in ILS Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 3,103
2019-12-31 3,707
OTCPK:AZRG.F Past Financials Data
Date (Data in ILS Millions) Revenue Cash Flow Net Income *
2018-12-31 2,933 1,266 1,220
2018-09-30 2,798 1,285 1,073
2018-06-30 2,783 1,205 1,072
2018-03-31 2,758 1,192 1,475
2017-12-31 2,719 1,219 1,456
2017-09-30 2,754 1,233 1,759
2017-06-30 2,635 1,211 1,781
2017-03-31 2,538 1,364 1,384
2016-12-31 2,465 1,290 1,819
2016-09-30 2,386 1,358 1,509
2016-06-30 2,366 1,370 1,414
2016-03-31 2,386 1,265 1,407

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Azrieli Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Azrieli Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:AZRG.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Azrieli Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AZRG.F Future Estimates Data
Date (Data in ILS Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 25.65 25.65 25.65 1.00
2019-12-31 30.64 30.64 30.64 1.00
OTCPK:AZRG.F Past Financials Data
Date (Data in ILS Millions) EPS *
2018-12-31 10.06
2018-09-30 8.85
2018-06-30 8.84
2018-03-31 12.16
2017-12-31 12.01
2017-09-30 14.51
2017-06-30 14.69
2017-03-31 11.41
2016-12-31 15.00
2016-09-30 12.44
2016-06-30 11.66
2016-03-31 11.60

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Azrieli Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Azrieli Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Azrieli Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Azrieli Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Azrieli Group's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Azrieli Group's year on year earnings growth rate has been positive over the past 5 years.
  • Azrieli Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Azrieli Group's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
Azrieli Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Azrieli Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AZRG.F Past Revenue, Cash Flow and Net Income Data
Date (Data in ILS Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,933.00 1,220.00 323.00
2018-09-30 2,798.00 1,073.00 318.00
2018-06-30 2,783.00 1,072.00 323.00
2018-03-31 2,758.00 1,475.00 317.00
2017-12-31 2,719.00 1,456.00 306.00
2017-09-30 2,754.11 1,759.32 303.25
2017-06-30 2,634.82 1,780.96 295.59
2017-03-31 2,537.87 1,383.70 283.88
2016-12-31 2,465.00 1,819.00 276.00
2016-09-30 2,386.25 1,509.03 261.09
2016-06-30 2,366.21 1,414.45 254.25
2016-03-31 2,386.20 1,406.84 251.87
2015-12-31 2,387.00 920.00 257.00
2015-09-30 3,500.31 827.12 418.81
2015-06-30 4,813.40 807.35 566.91
2015-03-31 6,068.03 767.48 711.83
2014-12-31 2,462.73 740.28 267.17
2014-09-30 7,581.96 965.66 856.30
2014-06-30 7,669.40 839.64 854.81
2014-03-31 7,775.26 907.09 864.51
2013-12-31 7,971.60 891.68 861.09
2013-09-30 8,205.43 858.93 889.09
2013-06-30 8,603.12 1,008.67 928.76
2013-03-31 8,962.48 935.58 958.02
2012-12-31 8,343.87 906.10 830.50
2012-09-30 8,985.52 440.14 984.66
2012-06-30 8,567.16 425.58 977.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Azrieli Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Azrieli Group used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Azrieli Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Azrieli Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Azrieli Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Azrieli Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Azrieli Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Azrieli Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Azrieli Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Azrieli Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Azrieli Group Company Filings, last reported 3 months ago.

OTCPK:AZRG.F Past Debt and Equity Data
Date (Data in ILS Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 17,121.00 9,956.00 716.00
2018-09-30 16,688.00 9,934.00 699.00
2018-06-30 16,341.00 10,128.00 1,167.00
2018-03-31 16,073.00 10,561.00 2,350.00
2017-12-31 16,321.00 9,250.00 1,064.00
2017-09-30 15,957.13 9,190.26 1,110.82
2017-06-30 15,666.68 9,370.64 936.17
2017-03-31 15,016.56 9,541.45 1,861.73
2016-12-31 15,316.00 9,069.00 715.00
2016-09-30 14,633.82 9,399.67 1,562.49
2016-06-30 14,339.99 8,147.86 492.04
2016-03-31 14,069.87 8,185.00 613.93
2015-12-31 13,869.83 7,982.39 934.72
2015-09-30 13,642.77 8,237.41 1,065.99
2015-06-30 13,559.74 7,671.86 827.67
2015-03-31 13,303.05 7,567.77 587.08
2014-12-31 13,348.55 7,095.81 163.58
2014-09-30 13,178.56 7,134.11 199.88
2014-06-30 12,873.02 7,158.70 401.92
2014-03-31 12,630.90 7,478.03 233.81
2013-12-31 12,730.02 7,571.03 466.97
2013-09-30 12,214.88 8,374.25 368.87
2013-06-30 12,118.41 8,117.54 211.63
2013-03-31 11,874.85 7,965.79 511.90
2012-12-31 11,957.34 8,139.02 653.58
2012-09-30 11,482.22 8,173.18 686.14
2012-06-30 11,499.38 8,210.60 935.36
  • Azrieli Group's level of debt (58.2%) 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 (59.5% vs 58.2% today).
  • Debt is not well covered by operating cash flow (12.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7x coverage).
X
Financial health checks
We assess Azrieli Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Azrieli Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Azrieli Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.07%
Current annual income from Azrieli Group dividends. Estimated to be 2.45% next year.
If you bought $2,000 of Azrieli Group shares you are expected to receive $41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Azrieli Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Azrieli Group's dividend is below the markets top 25% of dividend payers in United States of America (3.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:AZRG.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:AZRG.F Future Dividends Estimate Data
Date (Data in ₪) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 5.82 1.00
2019-12-31 5.10 1.00
OTCPK:AZRG.F Past Annualized Dividends Data
Date (Data in ₪) Dividend per share (annual) Avg. Yield (%)
2019-03-20 4.620 2.146
2018-03-21 4.280 2.346
2017-03-22 3.958 2.066
2016-03-23 3.300 2.004
2015-03-18 2.639 1.727
2014-05-25 2.310 1.860
2014-03-19 2.309 1.955
2013-05-16 2.185 1.966
2013-03-19 2.185 2.127
2013-01-15 2.185 2.232
2012-03-21 1.979 2.261
2011-08-23 1.979 2.231
2011-04-05 1.979 2.097
2011-03-29 1.979 1.948

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Azrieli Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Azrieli Group only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Azrieli Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Azrieli Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Azrieli Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Azrieli Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eyal Henkin
COMPENSATION ₪6,580,000
AGE 49
TENURE AS CEO 1.3 years
CEO Bio

Mr. Eyal Henkin serves as Chief Executive Officer of the Azrieli Group Ltd as of January 1, 2018. Prior to this appointment, he served for 8 years as CEO of Supergas, an Israeli gas distribution company. Mr. Henkin holds a BA in Computer Science and Management from Tel Aviv University and an Executive MBA from Northwestern University.

CEO Compensation
  • Eyal's compensation has increased by more than 20% in the past year.
  • Eyal's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Azrieli Group management team in years:

3.1
Average Tenure
58
Average Age
  • The tenure for the Azrieli Group management team is about average.
Management Team

Eyal Henkin

TITLE
Chief Executive Officer
COMPENSATION
₪7M
AGE
49
TENURE
1.3 yrs

Irit Sekler-Pilosof

TITLE
Chief Financial Officer
COMPENSATION
₪3M
AGE
45
TENURE
5.9 yrs

Arnon Toren

TITLE
Deputy CEO & Head of Malls Segment
COMPENSATION
₪4M
AGE
61
TENURE
4.8 yrs

Gideon Avrami

TITLE
Head of Office Segment & VP
COMPENSATION
₪2M
AGE
58
TENURE
2.9 yrs

Rachel Mittelman

TITLE
Chief Information Officer
TENURE
0.6 yrs

Adi Weinstein

TITLE
Head of Investor Relations
TENURE
4.3 yrs

Ran Tal

TITLE
VP, General Counsel and Company Secretary
AGE
44
TENURE
2.7 yrs

Yair Horesh

TITLE
Chief Comptroller for Accounting & Financial Statements

Yoram Polak Porat

TITLE
VP & Head of Senior Housing Sector
AGE
59
TENURE
3.1 yrs

Avraham Jacoby

TITLE
Chief Comptroller
AGE
64
TENURE
31.8 yrs
Board of Directors Tenure

Average tenure and age of the Azrieli Group board of directors in years:

8.7
Average Tenure
66
Average Age
  • The tenure for the Azrieli Group board of directors is about average.
Board of Directors

Danna Azrieli

TITLE
Active Chairman of the Board
COMPENSATION
₪4M
AGE
51
TENURE
4.8 yrs

Efraim Halevy

TITLE
Outside Director
AGE
84
TENURE
8.7 yrs

Menachem Einan

TITLE
Director
COMPENSATION
₪277K
AGE
79
TENURE
3.1 yrs

Niv Ahituv

TITLE
Outside Director
AGE
75
TENURE
8.7 yrs

Sharon Azrieli

TITLE
Director
AGE
58
TENURE
8.8 yrs

Naomi Azrieli

TITLE
Director
AGE
53
TENURE
8.8 yrs

Yosef Ciechanover

TITLE
Independent Director
AGE
85
TENURE
8.9 yrs

Tzipora Carmon

TITLE
Independent Director
AGE
66
TENURE
5.9 yrs

Oran Dror

TITLE
Independent Director
AGE
48
TENURE
4.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Azrieli Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Azrieli Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Azrieli Group Ltd. operates in the real estate industry. It operates through five segments: Retail Centers and Malls in Israel, Office and Other Space for Lease in Israel, Income-Producing Properties segment in the U.S., Senior Housing, and Granite. The company constructs, acquires, rents, manages, maintains, and promotes malls and retail centers; and office buildings and parks for offices and high-tech industry, as well as logistic areas and storage. As of December 31, 2017, it owned 17 malls and retail centers, and 13 income-producing properties in the office and other space in Israel; and 7 office properties in the United States. It also has 2 active senior homes in an aboveground built-up area of approximately 79 thousand square meters (sqm), including approximately 560 senior housing units, and 3 projects under development and construction for approximately 840 residential units in a total area of approximately 86 thousand sqm. In addition, the company markets alternative energy sources, such as LPG and natural gas, as well as treats water, wastewater, and chemicals; and engages in the engineering design, construction, production, operation, and maintenance of plants for water filtration and improvement, desalination of seawater and saline wells, pumping stations and water pools, and treatment of well water and treated wastewater, as well as sanitary, industrial, and municipal wastewater. Further, it engages in the produces, imports, and markets chemicals and finishing processes for metals; chemicals for the preparation of surfaces for painting and industrial paint strippers; electrochemical coating materials for the high-tech and electronics industries; industrial cleaning materials; special industrial adhesives and lubricants, and chemicals for water, as well as operates solvent recycling for parts washers and a tourist site. The company was incorporated in 1983 and is based in Tel Aviv, Israel. Azrieli Group Ltd. is a subsidiary of Azrieli Holdings Inc.

Details
Name: Azrieli Group Ltd
AZRG.F
Exchange: OTCPK
Founded: 1983
₪7,584,011,184
121,272,760
Website: http://www.azrieli.com
Address: Azrieli Group Ltd
1 Azrieli Center,
Tel Aviv,
67021,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TASE AZRG Ordinary Shares The Tel-Aviv Stock Exchange IL ILS 07. Jun 2010
OTCPK AZRG.F Ordinary Shares Pink Sheets LLC US USD 07. Jun 2010
Number of employees
Current staff
Staff numbers
341
Azrieli Group employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/15 01:07
End of day share price update: 2019/01/15 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/03/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.