Azrieli Group (TLV:AZRG) Has A Somewhat Strained Balance Sheet
Jun 26
Israeli (TA) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies467
- 7D5.0%
- 3M-5.4%
- 1Y2.1%
- YTD-3.6%
The market is up 5.0% in the last 7 days, led by the Real Estate and all sectors gaining ground. In the last 12 months, the market has been flat. As for the next few years, earnings are expected to grow by 18% per annum.
Market Valuation and Performance
Has the Israeli Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | ₪799.0b | ₪767.9b | ₪60.6b | 11.7x | 13.2x | 1x |
| Thu, 06 Jun 2024 | ₪782.5b | ₪758.4b | ₪59.7b | 11.8x | 13.1x | 1x |
| Sat, 04 May 2024 | ₪819.3b | ₪751.3b | ₪58.8b | 12.3x | 13.9x | 1.1x |
| Mon, 01 Apr 2024 | ₪861.9b | ₪750.7b | ₪58.1b | 12.6x | 14.8x | 1.1x |
| Wed, 28 Feb 2024 | ₪838.3b | ₪745.7b | ₪55.6b | 12.4x | 15.1x | 1.1x |
| Fri, 26 Jan 2024 | ₪793.8b | ₪754.9b | ₪55.9b | 11.4x | 14.2x | 1.1x |
| Sun, 24 Dec 2023 | ₪806.4b | ₪750.4b | ₪56.3b | 11x | 14.3x | 1.1x |
| Tue, 21 Nov 2023 | ₪752.5b | ₪741.9b | ₪61.4b | 10.3x | 12.3x | 1x |
| Thu, 19 Oct 2023 | ₪729.9b | ₪759.6b | ₪64.9b | 10.2x | 11.2x | 1x |
| Sat, 16 Sep 2023 | ₪788.3b | ₪746.3b | ₪64.8b | 11.2x | 12.2x | 1.1x |
| Mon, 14 Aug 2023 | ₪810.8b | ₪685.8b | ₪69.9b | 10.7x | 11.6x | 1.2x |
| Wed, 12 Jul 2023 | ₪782.3b | ₪685.7b | ₪71.4b | 10.4x | 11x | 1.1x |
| Fri, 09 Jun 2023 | ₪781.2b | ₪681.4b | ₪73.8b | 10.7x | 10.6x | 1.1x |
| Sun, 07 May 2023 | ₪772.1b | ₪664.3b | ₪84.4b | 9.4x | 9.1x | 1.2x |
| Tue, 04 Apr 2023 | ₪743.8b | ₪659.3b | ₪83.8b | 9.1x | 8.9x | 1.1x |
| Thu, 02 Mar 2023 | ₪748.1b | ₪667.0b | ₪96.8b | 8.4x | 7.7x | 1.1x |
| Sat, 28 Jan 2023 | ₪791.2b | ₪656.9b | ₪95.9b | 9.1x | 8.3x | 1.2x |
| Mon, 26 Dec 2022 | ₪784.1b | ₪660.4b | ₪96.3b | 8.9x | 8.1x | 1.2x |
| Wed, 23 Nov 2022 | ₪858.1b | ₪656.1b | ₪94.5b | 9.7x | 9.1x | 1.3x |
| Fri, 21 Oct 2022 | ₪878.3b | ₪649.6b | ₪92.1b | 10.3x | 9.5x | 1.4x |
| Sun, 18 Sep 2022 | ₪919.4b | ₪642.3b | ₪91.0b | 11.1x | 10.1x | 1.4x |
| Tue, 16 Aug 2022 | ₪965.6b | ₪661.1b | ₪89.6b | 12.3x | 10.8x | 1.5x |
| Thu, 14 Jul 2022 | ₪885.0b | ₪653.2b | ₪85.0b | 11.7x | 10.4x | 1.4x |
| Sat, 11 Jun 2022 | ₪883.3b | ₪656.3b | ₪83.3b | 11.9x | 10.6x | 1.3x |
| Mon, 09 May 2022 | ₪917.4b | ₪641.8b | ₪76.0b | 12x | 12.1x | 1.4x |
| Wed, 06 Apr 2022 | ₪1.0t | ₪634.8b | ₪74.4b | 13.4x | 13.5x | 1.6x |
| Fri, 04 Mar 2022 | ₪966.2b | ₪623.2b | ₪60.3b | 15.7x | 16x | 1.6x |
| Sun, 30 Jan 2022 | ₪958.0b | ₪617.5b | ₪58.7b | 15.7x | 16.3x | 1.6x |
| Tue, 28 Dec 2021 | ₪947.2b | ₪614.4b | ₪58.4b | 15.6x | 16.2x | 1.5x |
| Thu, 25 Nov 2021 | ₪902.6b | ₪599.0b | ₪54.0b | 15.3x | 16.7x | 1.5x |
| Sat, 23 Oct 2021 | ₪861.5b | ₪588.2b | ₪52.1b | 15.1x | 16.6x | 1.5x |
| Mon, 20 Sep 2021 | ₪830.2b | ₪586.2b | ₪51.9b | 14.6x | 16x | 1.4x |
| Wed, 18 Aug 2021 | ₪785.4b | ₪574.6b | ₪52.0b | 13.8x | 15.1x | 1.4x |
Price to Earnings Ratio
14.7x
Current Market PE
- Investors are relatively neutral on the Israeli market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 12.4x.
Past Earnings Growth
- The earnings for Israeli listed companies have grown 5.2% per year over the last three years.
- Revenues for these companies have grown 10% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Israeli Market?
| IL Market | 4.97% | |
| Real Estate | 7.64% | |
| Energy | 7.28% | |
| Consumer Discretionary | 5.53% | |
| Financials | 5.09% | |
| Healthcare | 5.01% | |
| Industrials | 5.01% | |
| Telecom | 4.36% | |
| Utilities | 2.54% | |
| Consumer Staples | 2.44% | |
| Materials | 1.39% | |
| Tech | 1.26% | |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 23.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 20.9% which is higher than its past year's earnings decline of 2.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 48% over the next 5 years.
- This is better than its past earnings decline of 25% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings decline by 73% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| AZRG Azrieli Group | ₪246.50 | 12.2% +₪3.3b | 19.3% | PE12.9x | Real Estate | |
| LUMI Bank Leumi le-Israel B.M | ₪32.42 | 5.0% +₪2.3b | 16.2% | PB0.9x | Financials | |
| POLI Bank Hapoalim B.M | ₪35.00 | 4.7% +₪2.1b | 14.5% | PB0.9x | Financials | |
| MZTF Mizrahi Tefahot Bank | ₪136.20 | 5.2% +₪1.7b | 10.5% | PB1.2x | Financials | |
| ESLT Elbit Systems | ₪696.90 | 4.5% +₪1.3b | -9.6% | PE37.1x | Industrials |
