Financials Megureit Israel Ltd

Equities

MGRT

IL0011391955

Residential REITs

Market Closed - TEL AVIV STOCK EXCHANGE 07:54:13 16/05/2024 pm IST 5-day change 1st Jan Change
446 ILa -2.83% Intraday chart for Megureit Israel Ltd +3.29% +17.37%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 243.1 716 640.8 974.7 647 496.6
Enterprise Value (EV) 1 627.3 960.2 1,870 2,596 2,627 3,131
P/E ratio 13.6 x 15.3 x 39.4 x 5.94 x 3.49 x 9.74 x
Yield 2.06% 0.54% - 1.12% - -
Capitalization / Revenue 63.9 x 51.4 x 32.1 x 30.1 x 13.8 x 8.63 x
EV / Revenue 165 x 68.9 x 93.7 x 80.3 x 55.9 x 54.4 x
EV / EBITDA -50.6 x -237 x -180 x -410 x 509 x -218 x
EV / FCF -178 x -281 x -74.6 x -79.7 x -36.2 x -78.9 x
FCF Yield -0.56% -0.36% -1.34% -1.25% -2.76% -1.27%
Price to Book 0.95 x 0.93 x 0.76 x 0.94 x 0.46 x 0.33 x
Nbr of stocks (in thousands) 29,907 93,468 1,04,506 1,13,210 1,30,682 1,30,682
Reference price 2 8.130 7.660 6.132 8.610 4.951 3.800
Announcement Date 26/03/19 26/03/20 25/03/21 16/03/22 27/03/23 19/03/24
1ILS in Million2ILS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3.806 13.93 19.96 32.33 46.99 57.54
EBITDA 1 -12.41 -4.051 -10.39 -6.337 5.157 -14.38
EBIT 1 -12.5 -4.76 -11.02 -6.573 4.902 -14.62
Operating Margin -328.38% -34.17% -55.2% -20.33% 10.43% -25.42%
Earnings before Tax (EBT) 1 16.73 21.64 15.19 170.4 186.3 51.44
Net income 1 16.73 21.64 15.19 170.4 186.3 51.44
Net margin 439.65% 155.31% 76.12% 526.9% 396.47% 89.41%
EPS 2 0.6000 0.5000 0.1556 1.450 1.420 0.3900
Free Cash Flow 1 -3.533 -3.417 -25.07 -32.57 -72.57 -39.69
FCF margin -92.83% -24.53% -125.61% -100.73% -154.44% -68.99%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.1672 0.0413 - 0.0965 - -
Announcement Date 26/03/19 26/03/20 25/03/21 16/03/22 27/03/23 19/03/24
1ILS in Million2ILS
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 384 244 1,229 1,622 1,980 2,634
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -30.97 x -60.3 x -118.3 x -255.9 x 383.9 x -183.2 x
Free Cash Flow 1 -3.53 -3.42 -25.1 -32.6 -72.6 -39.7
ROE (net income / shareholders' equity) 6.74% 4.09% 1.88% 18.1% 15.2% 3.43%
ROA (Net income/ Total Assets) -1.31% -0.28% -0.38% -0.16% 0.1% -0.23%
Assets 1 -1,273 -7,651 -3,953 -1,04,967 1,93,474 -21,965
Book Value Per Share 2 8.590 8.200 8.050 9.150 10.80 11.60
Cash Flow per Share 2 1.200 3.510 0.3400 1.170 0.6200 0.2600
Capex 1 0.37 0.21 0.26 0.25 0.08 0.01
Capex / Sales 9.77% 1.51% 1.29% 0.78% 0.17% 0.01%
Announcement Date 26/03/19 26/03/20 25/03/21 16/03/22 27/03/23 19/03/24
1ILS in Million2ILS
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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