Gazit Globe, Ltd, through its subsidiaries, owns, develops, and operates supermarket-anchored shopping centers and retail-based mixed-use properties in North America, Brazil, Israel, and Europe.
Fair value second-rate dividend payer.
Share Price & News
How has Gazit Globe's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GZTG.F's share price has been volatile over the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: GZTG.F underperformed the US Real Estate industry which returned -18.6% over the past year.
Return vs Market: GZTG.F underperformed the US Market which returned 9.3% over the past year.
Price Volatility Vs. Market
How volatile is Gazit Globe's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Gazit Globe 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: GZTG.F ($6.88) is trading below our estimate of fair value ($12.99)
Significantly Below Fair Value: GZTG.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GZTG.F is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.
PE vs Market: GZTG.F 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 GZTG.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GZTG.F is good value based on its PB Ratio (0.6x) compared to the US Real Estate industry average (1.1x).
How is Gazit Globe 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 Gazit Globe 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.
- Examine whether Gazit Globe is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Gazit Globe's filings and announcements here.
- Explore growth companies in the Real Estate industry.
How has Gazit Globe performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GZTG.F is currently unprofitable.
Growing Profit Margin: GZTG.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GZTG.F is unprofitable, but has reduced losses over the past 5 years at a rate of 37.7% per year.
Accelerating Growth: Unable to compare GZTG.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GZTG.F is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-6.4%).
Return on Equity
High ROE: GZTG.F has a negative Return on Equity (0.65%), as it is currently unprofitable.
How is Gazit Globe's financial position?
Financial Position Analysis
Short Term Liabilities: GZTG.F's short term assets (₪4.5B) do not cover its short term liabilities (₪4.8B).
Long Term Liabilities: GZTG.F's short term assets (₪4.5B) do not cover its long term liabilities (₪24.0B).
Debt to Equity History and Analysis
Debt Level: GZTG.F's debt to equity ratio (180.4%) is considered high.
Reducing Debt: GZTG.F's debt to equity ratio has increased from 141.3% to 180.4% over the past 5 years.
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: Whilst unprofitable GZTG.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GZTG.F is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 12.7% per year.
What is Gazit Globe's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GZTG.F's dividend (7.77%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: GZTG.F's dividend (7.77%) is in the top 25% of dividend payers in the US market (4.55%)
Stability and Growth of Payments
Stable Dividend: GZTG.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: GZTG.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: GZTG.F is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chaim Katzman (70yo)
Mr. Chaim K. Katzman is Founder of Gazit-Globe Limited and has been its Chief Executive Officer and Vice Chairman since February 1, 2018. Mr. Katzman is CEO of Norstar Holdings Inc. Mr. Katzman founded Nor ...
CEO Compensation Analysis
Compensation vs Market: Chaim's total compensation ($USD1.66M) is below average for companies of similar size in the US market ($USD3.20M).
Compensation vs Earnings: Chaim's compensation has increased whilst the company is unprofitable.
|Executive VP & CFO||4.75yrs||₪5.65m||0.033% ₪386.7k|
|VP & Head of Investments||3yrs||₪1.61m||0.0084% ₪97.1k|
|VP & Global General Counsel||1.42yrs||₪3.53m||0.012% ₪135.2k|
|VP & Controller||9.17yrs||₪2.61m||0.019% ₪222.5k|
|CEO & President of Gazit Horizons||3.08yrs||₪5.81m||no data|
|CEO & President of Gazit Brasil||no data||₪7.43m||no data|
|Senior Analyst & Head of Investor Relations||3.08yrs||no data||no data|
|Head of Economics Department||15.42yrs||no data||no data|
|Head of Innovation||2.17yrs||no data||no data|
Experienced Management: GZTG.F's management team is considered experienced (3.1 years average tenure).
|Independent Director||4.25yrs||₪297.00k||0.00041% ₪4.7k|
|Chairman of the Board||2.25yrs||₪278.00k||0.0015% ₪17.5k|
|Independent External Director||1.42yrs||₪271.00k||0.00041% ₪4.7k|
|Independent Director||8.42yrs||₪212.00k||0.00041% ₪4.7k|
|Independent External Director||7.08yrs||₪497.00k||0.00041% ₪4.7k|
|Independent External Director||1.42yrs||₪271.00k||0.00041% ₪4.7k|
Experienced Board: GZTG.F's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Gazit Globe Ltd's company bio, employee growth, exchange listings and data sources
- Name: Gazit Globe Ltd
- Ticker: GZTG.F
- Exchange: OTCPK
- Founded: 1982
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: ₪4.040b
- Listing Market Cap: ₪1.156b
- Shares outstanding: 182.49m
- Website: https://www.gazitglobe.com
Number of Employees
- Gazit Globe Ltd
- Nisim Aloni 10
- Tel Aviv
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GZT||TASE (The Tel-Aviv Stock Exchange)||Yes||Ordinary Shares||IL||ILS||May 1996|
|GZTG.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 1996|
Gazit Globe, Ltd, through its subsidiaries, owns, develops, and operates supermarket-anchored shopping centers and retail-based mixed-use properties in North America, Brazil, Israel, and Europe. It owns and operates 103 properties covering an area of approximately 2.5 million square meters. The company was incorporated in 1982 and is headquartered in Tel Aviv, Israel. Gazit Globe Ltd is a subsidiary of Norstar Holdings Inc.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/02 05:14|
|End of Day Share Price||2020/05/27 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.