Buy Or Sell Opportunity • Jul 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to ₪35.98. The fair value is estimated to be ₪29.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 21%. Duyuru • Jul 17
Max Stock Ltd. to Report Q2, 2026 Results on Aug 11, 2026 Max Stock Ltd. announced that they will report Q2, 2026 results Pre-Market on Aug 11, 2026 Reported Earnings • May 24
First quarter 2026 earnings released: EPS: ₪0.33 (vs ₪0.21 in 1Q 2025) First quarter 2026 results: EPS: ₪0.33 (up from ₪0.21 in 1Q 2025). Revenue: ₪401.0m (up 18% from 1Q 2025). Net income: ₪45.7m (up 56% from 1Q 2025). Profit margin: 11% (up from 8.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪35.80, the stock trades at a trailing P/E ratio of 40.1x. Average forward P/E is 15x in the Multiline Retail industry in Asia. Total returns to shareholders of 439% over the past three years. Canlı Haber • May 20
Max Stock Delivers 18.3% Revenue Growth and Expands Stores in First Quarter 2026 Max Stock reported Q1 2026 revenue growth of 18.3% and comparable store sales growth of 16.9%, supported by expanded and refined merchandise assortments.
Gross margin widened by 330 basis points in Q1, with GAAP net income up 56.7% and adjusted EBITDA up 57.4%, reflecting higher profitability for the period.
The company opened a flagship store in Beer Sheba and another store in Arqiva and plans to add four more locations over the next 12 months to grow its retail footprint.
The combination of double-digit sales growth, margin expansion and new store openings suggests a business model that is currently scaling efficiently while investing in additional capacity.
For investors, the key questions are whether the company can maintain merchandising and supply chain execution as the store base grows and how additional openings might affect cost structure and profitability in future periods. Duyuru • Apr 21
Max Stock Ltd. Announces Board Changes Max Stock Ltd. at its AGM held on April 20, 2026, approved appointment, until the end of the next annual general meeting: Mr. Guy Edri (independent director); Ms. Shelly Beinhorn (independent director). Max Stock Limited announced the appointment of Mr. Guy Edri as an independent director effective April 20, 2026. Mr. Guy Edri, born September 19, 1973, holds Israeli citizenship and has a high-school education. His employment in the last five years includes serving as CEO of VIDAA USA Inc. from May 2023 to present and as President of VIDAA USA Inc. from January 2018 to April 2023. He also serves as a director at Exit Electronics Ltd, New Display Ltd, and VIDAA (Netherlands) International Holdings B.V. Max Stock Limited also announced the appointment of Ms. Shelly Beinhorn as an independent director effective April 20, 2026. Ms. Shelly Beinhorn, born November 14, 1982, holds Israeli citizenship. She holds an LLB (Honors) from Bar Ilan University and a BA in International Relations and Public Communication (Honors) from Bar Ilan University. Her employment in the last five years includes serving as corporate secretary of Bank Leumi Le-Israel Ltd. and affiliated investees, Head Corporate Secretariat Division of Bank Leumi Le-Israel Ltd. from 2023 to 2026, and as corporate secretary of "Bezeq" the Israel Telecommunications Company Ltd. corporate group from 2017 to 2023. Max Stock Limited further announced the completion of the term in office of Ms. Limor Brik-Shay as an ordinary director of the Company, effective April 20, 2026. Ms. Limor Brik-Shay, an Israeli citizen, commenced her service as director on July 20, 2017, and ceased holding office due to expiration of her term in office. She will no longer hold any position with the Company and will no longer be a senior officer of the Company. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: ₪0.89 (vs ₪0.78 in FY 2024) Full year 2025 results: EPS: ₪0.89 (up from ₪0.78 in FY 2024). Revenue: ₪1.43b (up 7.2% from FY 2024). Net income: ₪124.9m (up 15% from FY 2024). Profit margin: 8.8% (up from 8.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 17
Max Stock Ltd., Annual General Meeting, Apr 20, 2026 Max Stock Ltd., Annual General Meeting, Apr 20, 2026. Location: herzog law offices, Israel Duyuru • Feb 02
Max Stock Ltd. to Report Q4, 2025 Results on Mar 17, 2026 Max Stock Ltd. announced that they will report Q4, 2025 results on Mar 17, 2026 Duyuru • Jan 08
An undisclosed buyer acquired 8.10% stake in Max Stock Ltd. (TASE:MAXO) from Moose Holdco Ltd for ILS 300 million. An undisclosed buyer acquired 8.10% stake in Max Stock Ltd. (TASE:MAXO) from Moose Holdco Ltd for ILS 300 million on January 8, 2026. A cash consideration valued at ILS 26.5 per share will be paid by the buyer.
AMI Foundation is advised by Apax Partners Israel Ltd.
An undisclosed buyer completed the acquisition of 8.10% stake in Max Stock Ltd. (TASE:MAXO) from Moose Holdco Ltd on January 8, 2026. Price Target Changed • Nov 20
Price target increased by 18% to ₪24.70 Up from ₪21.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₪23.54. Stock is up 100% over the past year. The company posted earnings per share of ₪0.78 last year. Duyuru • Oct 27
Max Stock Ltd. to Report Q3, 2025 Results on Nov 19, 2025 Max Stock Ltd. announced that they will report Q3, 2025 results on Nov 19, 2025 Duyuru • Sep 08
Max Stock Limited Announces Resignation of Nir Dagan as Deputy CEO and Head of Finance Max Stock Limited announced that on September 4th, 2025, the Company's Deputy CEO and Head of Finance, Mr. Nir Dagan, informed the Company of his decision to resign from his role in the Company after nine years of service. He will continue to serve as Deputy CEO and Head of Finance until December 31, 2025. The Company thanks him for his longstanding contribution and dedication over the years. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪19.60, the stock trades at a trailing P/E ratio of 24.4x. Average forward P/E is 17x in the Multiline Retail industry in Asia. Total returns to shareholders of 318% over the past three years. Price Target Changed • Aug 16
Price target increased by 31% to ₪21.00 Up from ₪16.00, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₪17.96. Stock is up 87% over the past year. The company posted earnings per share of ₪0.78 last year. Duyuru • Aug 15
Max Stock Ltd., Annual General Meeting, Sep 18, 2025 Max Stock Ltd., Annual General Meeting, Sep 18, 2025. Location: hertzog fuchs law offices, Israel Duyuru • Aug 14
Max Stock Limited Announces Cash Dividend, Payable on September 9, 2025 On August 13, 2025, Max Stock Ltd.'s board of directors approved a cash dividend of ILS 0.2865976 per share (ILS 40 million in total) to be paid on September 9, 2025. The date of record for the dividend is August 21, 2025. Duyuru • Jul 21
Max Stock Ltd. to Report Q2, 2025 Results on Aug 14, 2025 Max Stock Ltd. announced that they will report Q2, 2025 results on Aug 14, 2025 Reported Earnings • May 28
First quarter 2025 earnings released: EPS: ₪0.21 (vs ₪0.19 in 1Q 2024) First quarter 2025 results: EPS: ₪0.21 (up from ₪0.19 in 1Q 2024). Revenue: ₪339.1m (up 8.3% from 1Q 2024). Net income: ₪29.3m (up 13% from 1Q 2024). Profit margin: 8.6% (up from 8.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 07
Max Stock Ltd. to Report Q1, 2025 Results on May 27, 2025 Max Stock Ltd. announced that they will report Q1, 2025 results at 5:14 PM, Israel Standard Time on May 27, 2025 Upcoming Dividend • Apr 08
Upcoming dividend of ₪0.50 per share Eligible shareholders must have bought the stock before 14 April 2025. Payment date: 27 April 2025. Payout ratio is a comfortable 64% and the cash payout ratio is 79%. Trailing yield: 3.6%. Lower than top quartile of Israeli dividend payers (6.6%). Higher than average of industry peers (2.1%). Declared Dividend • Mar 22
Dividend of ₪0.50 announced Shareholders will receive a dividend of ₪0.50. Ex-date: 14th April 2025 Payment date: 27th April 2025 Dividend yield will be 3.9%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 20
Third quarter 2024 earnings released: EPS: ₪0.22 (vs ₪0.17 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.22 (up from ₪0.17 in 3Q 2023). Revenue: ₪373.1m (up 19% from 3Q 2023). Net income: ₪31.3m (up 35% from 3Q 2023). Profit margin: 8.4% (up from 7.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Price Target Changed • Mar 20
Price target increased by 14% to ₪16.00 Up from ₪14.00, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₪12.88. Stock is up 62% over the past year. The company posted earnings per share of ₪0.58 last year. Duyuru • Mar 19
Max Stock Limited Approves Dividend Payable on April 27, 2025 Max Stock Limited board of directors on March 18, 2025, approved a dividend of ILS 0.50177 per share (ILS 70 million in total) to be paid on April 27, 2025. The date of record for the dividend is April 14, 2025. For tax purposes 100% of the dividend has been recognized as deriving from revenues generated by an Israeli resident company liable in Israeli corporate tax. Duyuru • Feb 18
Max Stock Ltd. to Report Q4, 2024 Results on Mar 19, 2025 Max Stock Ltd. announced that they will report Q4, 2024 results on Mar 19, 2025 Buy Or Sell Opportunity • Jan 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to ₪13.21. The fair value is estimated to be ₪10.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 17%. New Risk • Nov 26
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 314% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (314% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 21
Third quarter 2024 earnings released: EPS: ₪0.22 (vs ₪0.17 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.22 (up from ₪0.17 in 3Q 2023). Revenue: ₪373.1m (up 19% from 3Q 2023). Net income: ₪31.3m (up 35% from 3Q 2023). Profit margin: 8.4% (up from 7.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Oct 31
Max Stock Ltd. to Report Q3, 2024 Results on Nov 20, 2024 Max Stock Ltd. announced that they will report Q3, 2024 results on Nov 20, 2024 New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₪0.18 (vs ₪0.12 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.18 (up from ₪0.12 in 2Q 2023). Revenue: ₪316.9m (up 25% from 2Q 2023). Net income: ₪25.8m (up 55% from 2Q 2023). Profit margin: 8.1% (up from 6.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Jul 22
Max Stock Ltd. to Report Q2, 2024 Results on Aug 14, 2024 Max Stock Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024 Duyuru • May 24
Max Stock Ltd., Annual General Meeting, Jun 26, 2024 Max Stock Ltd., Annual General Meeting, Jun 26, 2024. Location: herzog fox neeman & co., 6 itzhak sadeh st., tel aviv, Israel Reported Earnings • May 23
First quarter 2024 earnings released: EPS: ₪0.19 (vs ₪0.15 in 1Q 2023) First quarter 2024 results: EPS: ₪0.19 (up from ₪0.15 in 1Q 2023). Revenue: ₪313.2m (up 12% from 1Q 2023). Net income: ₪25.9m (up 24% from 1Q 2023). Profit margin: 8.3% (up from 7.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • May 11
Max Stock Ltd. to Report Q1, 2024 Results on May 22, 2024 Max Stock Ltd. announced that they will report Q1, 2024 results on May 22, 2024 Declared Dividend • Mar 28
Dividend reduced to ₪0.43 Dividend of ₪0.43 is 0.3% lower than last year. Ex-date: 2nd April 2024 Payment date: 16th April 2024 Dividend yield will be 5.3%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Mar 26
Max Stock Ltd. Approves Dividend, Payable on April 16, 2024 Max Stock Ltd. announced on March 25, 2024, the Company's board of directors approved a dividend of ILS 60 million (ILS 0.430539 per share) to be paid on April 16, 2024. The date of record for the dividend is April 2, 2024. Duyuru • Feb 19
Max Stock Ltd. to Report Q4, 2023 Results on Mar 26, 2024 Max Stock Ltd. announced that they will report Q4, 2023 results Pre-Market on Mar 26, 2024 Reported Earnings • Dec 06
Third quarter 2023 earnings released: EPS: ₪0.17 (vs ₪0.14 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.17 (up from ₪0.14 in 3Q 2022). Revenue: ₪314.5m (up 7.1% from 3Q 2022). Net income: ₪23.1m (up 18% from 3Q 2022). Profit margin: 7.3% (up from 6.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Multiline Retail industry in Asia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 20
Second quarter 2023 earnings released: EPS: ₪0.12 (vs ₪0.08 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.12 (up from ₪0.08 in 2Q 2022). Revenue: ₪252.8m (flat on 2Q 2022). Net income: ₪16.6m (up 47% from 2Q 2022). Profit margin: 6.6% (up from 4.5% in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in Asia. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: ₪0.15 (vs ₪0.10 in 1Q 2022) First quarter 2023 results: EPS: ₪0.15 (up from ₪0.10 in 1Q 2022). Revenue: ₪279.6m (up 12% from 1Q 2022). Net income: ₪20.9m (up 50% from 1Q 2022). Profit margin: 7.5% (up from 5.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Multiline Retail industry in Asia. Duyuru • May 23
Max Stock Ltd. to Report Q1, 2023 Results on May 23, 2023 Max Stock Ltd. announced that they will report Q1, 2023 results on May 23, 2023 Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: ₪0.45 (vs ₪0.48 in FY 2021) Full year 2022 results: EPS: ₪0.45 (down from ₪0.48 in FY 2021). Revenue: ₪1.05b (up 7.4% from FY 2021). Net income: ₪64.2m (down 5.9% from FY 2021). Profit margin: 6.1% (down from 7.0% in FY 2021). The decrease in margin was driven by higher expenses. Duyuru • Feb 07
Max Stock Ltd., Annual General Meeting, Mar 13, 2023 Max Stock Ltd., Annual General Meeting, Mar 13, 2023, at 10:00 Israel Standard Time. Location: the offices of the Company's legal counsel – Herzog, Fox, Neeman & Co., at 6 Itzhak Sadeh St., Tel Aviv Israel Agenda: To consider discussion on the company's 2021 board report and financial statements; to consider reappointment of the auditor and authorizing the company's board to establish the auditor's fees; to consider reappointment of directors (non-external directors) for an additional term of office; and to consider appointment of a director (non-external director) to the company's board of directors - Mr. Guy Gissin. Reported Earnings • Nov 29
Third quarter 2022 earnings released: EPS: ₪0.14 (vs ₪0.12 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.14 (up from ₪0.12 in 3Q 2021). Revenue: ₪293.5m (up 15% from 3Q 2021). Net income: ₪19.6m (up 15% from 3Q 2021). Profit margin: 6.7% (in line with 3Q 2021). Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Multiline Retail industry in Asia. Price Target Changed • Nov 16
Price target decreased to ₪11.00 Down from ₪14.00, the current price target is provided by 1 analyst. New target price is 118% above last closing price of ₪5.05. Stock is down 59% over the past year. The company posted earnings per share of ₪0.48 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Susan Mazawi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: ₪0.08 (vs ₪0.10 in 2Q 2021) Second quarter 2022 results: EPS: ₪0.08 (down from ₪0.10 in 2Q 2021). Revenue: ₪252.7m (up 13% from 2Q 2021). Net income: ₪11.3m (down 24% from 2Q 2021). Profit margin: 4.5% (down from 6.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.1%, compared to a 45% growth forecast for the Multiline Retail industry in Israel. Duyuru • Aug 17
Max Stock Ltd. Declares One-Time Dividend, Payable on September 6, 2022 Max Stock Ltd. declared a one-time dividend of ILS 40.0 million, or ILS 0.28 per share to be paid on September 6, 2022 (Date of Record is August 22, 2022). Duyuru • Jun 21
Max Stock Ltd. (TASE:MAXO) announces an Equity Buyback for ILS 40 million worth of its shares. Max Stock Ltd. (TASE:MAXO) announces a share repurchase program. Under the program, the company will repurchase up to ILS 40 million worth of its shares. The program will expire on June 18, 2023. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 16% share price gain to ₪6.68, the stock trades at a trailing P/E ratio of 15.9x. Average forward P/E is 18x in the Multiline Retail industry in Asia. Total loss to shareholders of 42% over the past year. Reported Earnings • Jun 02
First quarter 2022 earnings released: EPS: ₪0.10 (vs ₪0.16 in 1Q 2021) First quarter 2022 results: EPS: ₪0.10 (down from ₪0.16 in 1Q 2021). Revenue: ₪250.9m (flat on 1Q 2021). Net income: ₪14.0m (down 38% from 1Q 2021). Profit margin: 5.6% (down from 8.9% in 1Q 2021). Over the next year, revenue is forecast to grow 8.7%, compared to a 11% growth forecast for the industry in Israel. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 19% share price gain to ₪6.53, the stock trades at a trailing P/E ratio of 13.6x. Average forward P/E is 18x in the Multiline Retail industry in Asia. Total loss to shareholders of 36% over the past year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Susan Mazawi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 26
Max Stock Ltd. Announces Resignation of Oren Elezra from the Company's Board of Director Max Stock Limited announced that Mr. Oren Elezra, ID who has served as one of the Company's directors since November 23, 2020, resigned and will no longer serve on the Company's board of directors. Mr. Elezra will be serving as a Business and Strategic Consultant for the Company. Duyuru • Mar 23
Max Stock Ltd. to Report Fiscal Year 2021 Results on Mar 23, 2022 Max Stock Ltd. announced that they will report fiscal year 2021 results on Mar 23, 2022 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improved over the past week After last week's 15% share price gain to ₪10.74, the stock trades at a trailing P/E ratio of 20.7x. Average forward P/E is 16x in the Multiline Retail industry in Asia. Total loss to shareholders of 17% over the past year. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₪8.66, the stock trades at a trailing P/E ratio of 16.7x. Average forward P/E is 16x in the Multiline Retail industry in Asia. Total loss to shareholders of 33% over the past year. Reported Earnings • Nov 23
Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint Third quarter 2021 results: EPS: ₪0.12 (down from ₪0.15 in 3Q 2020). Revenue: ₪255.6m (up 138% from 3Q 2020). Net income: ₪17.1m (down 17% from 3Q 2020). Profit margin: 6.7% (down from 19% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 3.3%, compared to a 13% growth forecast for the industry in Israel. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS ₪0.10 (vs ₪0.11 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: ₪223.6m (down 22% from 2Q 2020). Net income: ₪14.9m (down 8.3% from 2Q 2020). Profit margin: 6.7% (up from 5.7% in 2Q 2020). The increase in margin was driven by lower expenses. Duyuru • Jun 26
The Phoenix Insurance Company Ltd. and others acquire 11% stake in Max Stock Ltd. (TASE:MAXO) from Riki Neumann and Evan Charles Neumann. The Phoenix Insurance Company Ltd. and others acquired 11% stake in Max Stock Ltd. (TASE:MAXO) from Riki Neumann and Evan Charles Neumann on June 25, 2021. Evan Neumann continues to hold approximately 5% of the shares in Max Stock and serve as a Co-CEO and director of the Company.
The Phoenix Insurance Company Ltd. and others completed the acquisition of 11% stake in Max Stock Ltd. (TASE:MAXO) from Riki Neumann and Evan Charles Neumann on June 25, 2021. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS ₪0.51 (vs ₪0.41 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ₪1.01b (up 36% from FY 2019). Net income: ₪72.6m (up 23% from FY 2019). Profit margin: 7.2% (down from 7.9% in FY 2019). The decrease in margin was driven by higher expenses. Like-for-like sales growth: 11.0% vs FY 2019 Duyuru • Mar 09
Max Stock Ltd. to Report Q4, 2020 Results on Mar 16, 2021 Max Stock Ltd. announced that they will report Q4, 2020 results on Mar 16, 2021