Duyuru • Aug 19
Hamat Group Ltd., Annual General Meeting, Sep 23, 2026 Hamat Group Ltd., Annual General Meeting, Sep 23, 2026. Location: co. offices, Israel New Risk • Jun 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 32% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jun 02
First quarter 2026 earnings released: EPS: ₪0.16 (vs ₪0.24 in 1Q 2025) First quarter 2026 results: EPS: ₪0.16 (down from ₪0.24 in 1Q 2025). Revenue: ₪222.9m (down 7.2% from 1Q 2025). Net income: ₪5.99m (down 32% from 1Q 2025). Profit margin: 2.7% (down from 3.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Apr 05
Full year 2025 earnings released: EPS: ₪0.83 (vs ₪0.28 in FY 2024) Full year 2025 results: EPS: ₪0.83 (up from ₪0.28 in FY 2024). Revenue: ₪954.2m (up 7.6% from FY 2024). Net income: ₪30.5m (up 199% from FY 2024). Profit margin: 3.2% (up from 1.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • Dec 16
Hamat Group Ltd., Annual General Meeting, Jan 19, 2026 Hamat Group Ltd., Annual General Meeting, Jan 19, 2026. Location: co. offices, Israel Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₪16.93, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 20x in the Building industry in Israel. Total loss to shareholders of 37% over the past three years. Reported Earnings • Nov 29
Third quarter 2025 earnings released: EPS: ₪0.55 (vs ₪0.13 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.55 (up from ₪0.13 in 3Q 2024). Revenue: ₪261.0m (up 5.1% from 3Q 2024). Net income: ₪20.1m (up 323% from 3Q 2024). Profit margin: 7.7% (up from 1.9% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. New Risk • Nov 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. New Risk • Oct 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: ₪0.01 (vs ₪0.08 loss in 2Q 2024) Second quarter 2025 results: EPS: ₪0.01 (up from ₪0.08 loss in 2Q 2024). Revenue: ₪220.8m (up 7.9% from 2Q 2024). Net income: ₪189.0k (up ₪2.94m from 2Q 2024). Profit margin: 0.1% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. New Risk • Jul 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪15.81, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 29x in the Building industry in Israel. Total loss to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₪18.25, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 23x in the Building industry in Israel. Total loss to shareholders of 46% over the past three years. Reported Earnings • May 31
First quarter 2025 earnings released: EPS: ₪0.24 (vs ₪0.12 in 1Q 2024) First quarter 2025 results: EPS: ₪0.24 (up from ₪0.12 in 1Q 2024). Revenue: ₪240.1m (up 19% from 1Q 2024). Net income: ₪8.83m (up 102% from 1Q 2024). Profit margin: 3.7% (up from 2.2% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪13.40, the stock trades at a trailing P/E ratio of 48.2x. Average trailing P/E is 21x in the Building industry in Israel. Total loss to shareholders of 57% over the past three years. New Risk • Apr 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 181% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Buy Or Sell Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 42% to ₪11.06. The fair value is estimated to be ₪13.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 59%. Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: ₪0.28 (vs ₪1.13 in FY 2023) Full year 2024 results: EPS: ₪0.28 (down from ₪1.13 in FY 2023). Revenue: ₪887.1m (down 8.3% from FY 2023). Net income: ₪10.2m (down 75% from FY 2023). Profit margin: 1.1% (down from 4.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. New Risk • Jan 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Reported Earnings • Nov 27
Third quarter 2024 earnings released: EPS: ₪0.13 (vs ₪0.57 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.13 (down from ₪0.57 in 3Q 2023). Revenue: ₪248.4m (down 7.9% from 3Q 2023). Net income: ₪4.76m (down 77% from 3Q 2023). Profit margin: 1.9% (down from 7.8% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 24
Second quarter 2024 earnings released: ₪0.08 loss per share (vs ₪0.24 profit in 2Q 2023) Second quarter 2024 results: ₪0.08 loss per share (down from ₪0.24 profit in 2Q 2023). Revenue: ₪204.6m (down 16% from 2Q 2023). Net loss: ₪2.75m (down 132% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Duyuru • Jul 05
Hamat Group Ltd., Annual General Meeting, Aug 06, 2024 Hamat Group Ltd., Annual General Meeting, Aug 06, 2024. Location: co. offices, Israel New Risk • Jun 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₪365.9m (US$98.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin). Market cap is less than US$100m (₪365.9m market cap, or US$98.1m). New Risk • Apr 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 58% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: ₪1.13 (vs ₪2.50 in FY 2022) Full year 2023 results: EPS: ₪1.13 (down from ₪2.50 in FY 2022). Revenue: ₪967.4m (down 9.0% from FY 2022). Net income: ₪41.3m (down 54% from FY 2022). Profit margin: 4.3% (down from 8.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year. New Risk • Dec 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪10.56, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 17x in the Building industry in Israel. Total loss to shareholders of 17% over the past three years. New Risk • Oct 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₪393.1m (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (₪393.1m market cap, or US$98.8m). Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: ₪0.24 (vs ₪0.57 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.24 (down from ₪0.57 in 2Q 2022). Revenue: ₪243.9m (down 10% from 2Q 2022). Net income: ₪8.64m (down 58% from 2Q 2022). Profit margin: 3.5% (down from 7.5% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: ₪0.41 (vs ₪0.71 in 1Q 2022) First quarter 2023 results: EPS: ₪0.41 (down from ₪0.71 in 1Q 2022). Revenue: ₪274.7m (up 10% from 1Q 2022). Net income: ₪15.0m (down 41% from 1Q 2022). Profit margin: 5.5% (down from 10% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₪14.05, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 10x in the Building industry in Israel. Total returns to shareholders of 100% over the past three years. Reported Earnings • Apr 02
Full year 2022 earnings released: EPS: ₪2.50 (vs ₪2.51 in FY 2021) Full year 2022 results: EPS: ₪2.50. Revenue: ₪1.06b (up 29% from FY 2021). Net income: ₪90.5m (flat on FY 2021). Profit margin: 8.5% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Dec 02
Third quarter 2022 earnings released: EPS: ₪0.89 (vs ₪0.57 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.89 (up from ₪0.57 in 3Q 2021). Revenue: ₪288.3m (up 46% from 3Q 2021). Net income: ₪32.0m (up 56% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent External Director Gideon Altman was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: ₪0.57 (vs ₪0.51 in 2Q 2021) Second quarter 2022 results: EPS: ₪0.57 (up from ₪0.51 in 2Q 2021). Revenue: ₪271.9m (up 34% from 2Q 2021). Net income: ₪20.4m (up 13% from 2Q 2021). Profit margin: 7.5% (down from 8.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 11
Hamat Group Ltd. (TASE:HAMAT) agreed to acquire remaining 30% stake in Ziv Kitchen Industries (1990) Ltd. for NIS 80 million. Hamat Group Ltd. (TASE:HAMAT) agreed to acquire remaining 30% stake in Ziv Kitchen Industries (1990) Ltd. for NIS 80 million on August 10, 2022. Hamat Group Ltd. intends to finance the consideration from its own sources and external financing. Transaction is expected to close on August 31, 2022. Reported Earnings • Jun 02
First quarter 2022 earnings released: EPS: ₪0.71 (vs ₪0.61 in 1Q 2021) First quarter 2022 results: EPS: ₪0.71 (up from ₪0.61 in 1Q 2021). Revenue: ₪248.8m (up 29% from 1Q 2021). Net income: ₪25.5m (up 21% from 1Q 2021). Profit margin: 10% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₪32.46, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 12x in the Building industry in Israel. Total returns to shareholders of 282% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent External Director Altman Gideon was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: ₪2.54 (vs ₪1.47 in FY 2020) Full year 2021 results: EPS: ₪2.54 (up from ₪1.47 in FY 2020). Revenue: ₪824.4m (up 18% from FY 2020). Net income: ₪90.4m (up 77% from FY 2020). Profit margin: 11% (up from 7.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₪31.79, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 14x in the Building industry in Israel. Total returns to shareholders of 256% over the past three years. Upcoming Dividend • Dec 08
Upcoming dividend of ₪0.45 per share Eligible shareholders must have bought the stock before 15 December 2021. Payment date: 23 December 2021. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Israeli dividend payers (5.3%). Lower than average of industry peers (3.4%). Reported Earnings • Dec 04
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪0.57 (up from ₪0.47 in 3Q 2020). Revenue: ₪198.0m (up 2.0% from 3Q 2020). Net income: ₪20.5m (up 26% from 3Q 2020). Profit margin: 10% (up from 8.3% in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS ₪1.47 (vs ₪0.28 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₪697.1m (up 55% from FY 2019). Net income: ₪51.0m (up 422% from FY 2019). Profit margin: 7.3% (up from 2.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 10
New 90-day high: ₪13.88 The company is up 14% from its price of ₪12.16 on 11 November 2020. The Israeli market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: ₪13.86 The company is up 27% from its price of ₪10.92 on 15 September 2020. The Israeli market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 09
New 90-day high: ₪12.18 The company is up 26% from its price of ₪9.64 on 11 August 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 13% over the same period. Is New 90 Day High Low • Sep 30
New 90-day high: ₪11.97 The company is up 26% from its price of ₪9.51 on 02 July 2020. The Israeli market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 16% over the same period.