New Risk • Jun 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 7.8% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Duyuru • Apr 13
Azorim-Investment, Development & Construction Co. Ltd to Report Q4, 2025 Results on Apr 15, 2026 Azorim-Investment, Development & Construction Co. Ltd announced that they will report Q4, 2025 results on Apr 15, 2026 New Risk • Apr 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.8% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Earnings have declined by 5.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (6.8% net profit margin). Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: ₪1.14 (vs ₪0.77 in FY 2024) Full year 2025 results: EPS: ₪1.14 (up from ₪0.77 in FY 2024). Revenue: ₪1.88b (up 7.3% from FY 2024). Net income: ₪240.2m (up 48% from FY 2024). Profit margin: 13% (up from 9.3% in FY 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 28
Azorim-Investment, Development & Construction Co. Ltd announces Annual dividend, payable on April 16, 2026 Azorim-Investment, Development & Construction Co. Ltd announced Annual dividend of ILS 0.0910 per share payable on April 16, 2026, ex-date on April 09, 2026 and record date on April 09, 2026. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₪18.36, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 17x in the Consumer Durables industry in Asia. Total returns to shareholders of 108% over the past three years. New Risk • Mar 15
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 6.5% 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 (2.5x net interest cover). Earnings have declined by 5.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (6.8% net profit margin). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₪25.24, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 17x in the Consumer Durables industry in Asia. Total returns to shareholders of 155% over the past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪21.43, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 30x in the Consumer Durables industry in Israel. Total returns to shareholders of 69% over the past three years. Reported Earnings • Nov 30
Third quarter 2025 earnings released: EPS: ₪0.16 (vs ₪0.24 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.16 (down from ₪0.24 in 3Q 2024). Revenue: ₪463.6m (down 8.1% from 3Q 2024). Net income: ₪33.7m (down 33% from 3Q 2024). Profit margin: 7.3% (down from 10.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Duyuru • Nov 17
Azorim-Investment, Development & Construction Co. Ltd to Report Q3, 2025 Results on Nov 27, 2025 Azorim-Investment, Development & Construction Co. Ltd announced that they will report Q3, 2025 results on Nov 27, 2025 Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪23.46, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 32x in the Consumer Durables industry in Israel. Total returns to shareholders of 99% over the past three years. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: ₪0.26 (vs ₪0.33 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.26 (down from ₪0.33 in 2Q 2024). Revenue: ₪455.2m (up 14% from 2Q 2024). Net income: ₪55.7m (down 19% from 2Q 2024). Profit margin: 12% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Duyuru • Aug 22
Azorim-Investment, Development & Construction Co. Ltd, Annual General Meeting, Sep 25, 2025 Azorim-Investment, Development & Construction Co. Ltd, Annual General Meeting, Sep 25, 2025. Location: company offices, Israel Duyuru • Aug 05
Azorim-Investment, Development & Construction Co. Ltd to Report Q2, 2025 Results on Aug 24, 2025 Azorim-Investment, Development & Construction Co. Ltd announced that they will report Q2, 2025 results on Aug 24, 2025 New Risk • Jul 06
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 Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (8.4% net profit margin). Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₪19.55, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 23x in the Consumer Durables industry in Israel. Total returns to shareholders of 55% over the past three years. Reported Earnings • May 29
First quarter 2025 earnings released: EPS: ₪0.15 (vs ₪0.16 in 1Q 2024) First quarter 2025 results: EPS: ₪0.15 (down from ₪0.16 in 1Q 2024). Revenue: ₪511.7m (up 51% from 1Q 2024). Net income: ₪32.4m (down 4.6% from 1Q 2024). Profit margin: 6.3% (down from 10.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • May 20
Azorim-Investment, Development & Construction Co. Ltd to Report Q1, 2025 Results on May 28, 2025 Azorim-Investment, Development & Construction Co. Ltd announced that they will report Q1, 2025 results on May 28, 2025 Reported Earnings • Mar 25
Full year 2024 earnings released: EPS: ₪0.77 (vs ₪0.84 in FY 2023) Full year 2024 results: EPS: ₪0.77 (down from ₪0.84 in FY 2023). Revenue: ₪1.75b (up 19% from FY 2023). Net income: ₪162.7m (down 7.8% from FY 2023). Profit margin: 9.3% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Duyuru • Mar 25
Azorim-Investment, Development & Construction Co. Ltd announces Annual dividend, payable on April 07, 2025 Azorim-Investment, Development & Construction Co. Ltd. announced Annual dividend of ILS 0.1894 per share payable on April 07, 2025, ex-date on March 30, 2025 and record date on March 30, 2025. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₪16.02, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 18x in the Consumer Durables industry in Israel. Total loss to shareholders of 8.6% over the past three years. Duyuru • Mar 20
Azorim-Investment, Development & Construction Co. Ltd to Report Fiscal Year 2024 Results on Mar 23, 2025 Azorim-Investment, Development & Construction Co. Ltd announced that they will report fiscal year 2024 results on Mar 23, 2025 Duyuru • Nov 05
Azorim-Investment, Development & Construction Co. Ltd to Report Q3, 2024 Results on Nov 27, 2024 Azorim-Investment, Development & Construction Co. Ltd announced that they will report Q3, 2024 results on Nov 27, 2024 Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: ₪0.33 (vs ₪0.30 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.33 (up from ₪0.30 in 2Q 2023). Revenue: ₪400.7m (up 23% from 2Q 2023). Net income: ₪69.0m (up 8.9% from 2Q 2023). Profit margin: 17% (down from 19% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Duyuru • Aug 07
Azorim-Investment, Development & Construction Co. Ltd to Report Q2, 2024 Results on Aug 22, 2024 Azorim-Investment, Development & Construction Co. Ltd announced that they will report Q2, 2024 results on Aug 22, 2024 Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪17.29, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 15x in the Consumer Durables industry in Israel. Total returns to shareholders of 37% over the past three years. Duyuru • Jun 01
Azorim-Investment, Development & Construction Co. Ltd, Annual General Meeting, Jul 04, 2024 Azorim-Investment, Development & Construction Co. Ltd, Annual General Meeting, Jul 04, 2024. Location: co. offices, Israel Duyuru • May 10
Azorim-Investment, Development & Construction Co. Ltd to Report Q1, 2024 Results on May 29, 2024 Azorim-Investment, Development & Construction Co. Ltd announced that they will report Q1, 2024 results on May 29, 2024 Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: ₪0.84 (vs ₪0.81 in FY 2022) Full year 2023 results: EPS: ₪0.84 (up from ₪0.81 in FY 2022). Revenue: ₪1.47b (up 33% from FY 2022). Net income: ₪176.4m (up 2.8% from FY 2022). Profit margin: 12% (down from 16% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪19.48, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 18x in the Consumer Durables industry in Asia. Total returns to shareholders of 69% over the past three years. Duyuru • Mar 07
Azorim-Investment, Development & Construction Co. Ltd to Report Fiscal Year 2023 Results on Mar 26, 2024 Azorim-Investment, Development & Construction Co. Ltd announced that they will report fiscal year 2023 results on Mar 26, 2024 Board Change • Jan 01
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. 3 experienced directors. 3 highly experienced directors. Independent Director Nurit Peleg was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 27
Third quarter 2023 earnings released: EPS: ₪0.18 (vs ₪0.15 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.18 (up from ₪0.15 in 3Q 2022). Revenue: ₪455.0m (up 94% from 3Q 2022). Net income: ₪38.4m (up 23% from 3Q 2022). Profit margin: 8.4% (down from 13% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪11.59, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 17x in the Consumer Durables industry in Israel. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪13.64, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 19x in the Consumer Durables industry in Israel. Total returns to shareholders of 123% over the past three years. Reported Earnings • Sep 03
Second quarter 2023 earnings released: EPS: ₪0.30 (vs ₪0.40 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.30 (down from ₪0.40 in 2Q 2022). Revenue: ₪326.7m (up 12% from 2Q 2022). Net income: ₪63.4m (down 25% from 2Q 2022). Profit margin: 19% (down from 29% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪10.55, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 21x in the Consumer Durables industry in Israel. Total returns to shareholders of 65% over the past three years. Reported Earnings • Jun 01
First quarter 2023 earnings released: EPS: ₪0.19 (vs ₪0.21 in 1Q 2022) First quarter 2023 results: EPS: ₪0.19 (down from ₪0.21 in 1Q 2022). Revenue: ₪409.9m (up 56% from 1Q 2022). Net income: ₪39.4m (down 9.8% from 1Q 2022). Profit margin: 9.6% (down from 17% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 30% 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 • May 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪11.32, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 21x in the Consumer Durables industry in Israel. Total returns to shareholders of 79% over the past three years. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: ₪0.81 (vs ₪1.53 in FY 2021) Full year 2022 results: EPS: ₪0.81 (down from ₪1.53 in FY 2021). Revenue: ₪1.10b (down 27% from FY 2021). Net income: ₪171.5m (down 47% from FY 2021). Profit margin: 16% (down from 21% in FY 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 01
Third quarter 2022 earnings released: EPS: ₪0.15 (vs ₪0.44 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.15 (down from ₪0.44 in 3Q 2021). Revenue: ₪234.0m (down 41% from 3Q 2021). Net income: ₪31.2m (down 66% from 3Q 2021). Profit margin: 13% (down from 23% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be ₪14.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 49%. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: ₪0.40 (vs ₪0.39 in 2Q 2021) Second quarter 2022 results: EPS: ₪0.40 (up from ₪0.39 in 2Q 2021). Revenue: ₪290.7m (down 28% from 2Q 2021). Net income: ₪84.2m (up 2.4% from 2Q 2021). Profit margin: 29% (up from 20% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 25
Now 21% undervalued Over the last 90 days, the stock is up 1.7%. The fair value is estimated to be ₪17.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 49%. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 17% share price gain to ₪13.25, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 16x in the Consumer Durables industry in Israel. Total returns to shareholders of 205% over the past three years. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: ₪1.53 (vs ₪0.53 in FY 2020) Full year 2021 results: EPS: ₪1.53 (up from ₪0.53 in FY 2020). Revenue: ₪1.51b (up 21% from FY 2020). Net income: ₪322.0m (up 191% from FY 2020). Profit margin: 21% (up from 8.9% in FY 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₪16.09, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 14x in the Consumer Durables industry in Israel. Total returns to shareholders of 326% over the past three years. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪0.44 (up from ₪0.11 in 3Q 2020). Revenue: ₪396.1m (up 38% from 3Q 2020). Net income: ₪92.0m (up 274% from 3Q 2020). Profit margin: 23% (up from 8.6% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS ₪0.39 (vs ₪0.13 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₪403.9m (up 84% from 2Q 2020). Net income: ₪82.2m (up 206% from 2Q 2020). Profit margin: 20% (up from 12% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS ₪0.53 (vs ₪0.56 in FY 2019) The company reported a mediocre full year result with weaker earnings, although profit margins were flat and revenues improved. Full year 2020 results: Revenue: ₪1.25b (up 1.4% from FY 2019). Net income: ₪110.9m (down 5.8% from FY 2019). Profit margin: 8.9% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₪10.69, the stock is trading at a trailing P/E ratio of 25x, up from the previous P/E ratio of 21.5x. This compares to an average P/E of 19x in the Consumer Durables industry in Asia. Total returns to shareholders over the past three years are 158%. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 16% share price gain to ₪9.30, the stock is trading at a trailing P/E ratio of 21.7x, up from the previous P/E ratio of 18.8x. This compares to an average P/E of 19x in the Consumer Durables industry in Asia. Total returns to shareholders over the past three years are 141%. Is New 90 Day High Low • Dec 14
New 90-day high: ₪9.08 The company is up 50% from its price of ₪6.04 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 Consumer Durables industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 16% share price gain to ₪7.17, the stock is trading at a trailing P/E ratio of 14.9x, up from the previous P/E ratio of 12.9x. This compares to an average P/E of 20x in the Consumer Durables industry in Asia. Total returns to shareholders over the past three years are 82%. Is New 90 Day High Low • Nov 09
New 90-day high: ₪7.17 The company is up 20% from its price of ₪5.99 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 Consumer Durables industry, which is up 7.0% over the same period.