Financials Sella Capital Real Estate Ltd.

Equities

SLARL

IL0011096448

Commercial REITs

Delayed TEL AVIV STOCK EXCHANGE 06:19:49 12/05/2024 pm IST 5-day change 1st Jan Change
757.8 ILa -0.93% Intraday chart for Sella Capital Real Estate Ltd. +1.00% -11.66%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,125 1,943 1,413 2,276 1,793 1,876
Enterprise Value (EV) 1 2,645 3,712 3,188 4,190 4,638 4,711
P/E ratio 11.1 x 6.75 x 8.73 x 6.48 x 6.77 x 10.5 x
Yield 6.69% 4.23% 6.59% 4.46% 6.3% 6.41%
Capitalization / Revenue 5.32 x 8.2 x 5.95 x 8.73 x 5.69 x 5.31 x
EV / Revenue 12.5 x 15.7 x 13.4 x 16.1 x 14.7 x 13.3 x
EV / EBITDA 16.3 x - - - - -
EV / FCF 39.8 x 50.9 x 25.2 x 45.2 x 31.8 x 31 x
FCF Yield 2.51% 1.97% 3.97% 2.21% 3.15% 3.22%
Price to Book 0.84 x 1.25 x 0.86 x 1.16 x 0.8 x 0.82 x
Nbr of stocks (in thousands) 1,91,654 1,91,763 1,94,960 2,05,399 2,17,086 2,18,734
Reference price 2 5.871 10.13 7.248 11.08 8.260 8.578
Announcement Date 11/02/19 12/02/20 18/03/21 08/02/22 27/02/23 24/03/24
1ILS in Million2ILS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 211.4 237 237.6 260.6 315.3 353.6
EBITDA 1 161.9 - - - - -
EBIT 1 161.4 187.6 184.6 203.7 254.3 282
Operating Margin 76.35% 79.16% 77.69% 78.17% 80.65% 79.75%
Earnings before Tax (EBT) 1 97.7 293 161 356.5 266 180
Net income 1 97.7 293 161 356.5 266 180
Net margin 46.22% 123.63% 67.76% 136.8% 84.36% 50.9%
EPS 2 0.5282 1.500 0.8300 1.710 1.220 0.8200
Free Cash Flow 1 66.44 72.96 126.6 92.8 146.1 151.9
FCF margin 31.43% 30.78% 53.29% 35.61% 46.33% 42.95%
FCF Conversion (EBITDA) 41.04% - - - - -
FCF Conversion (Net income) 68.01% 24.9% 78.65% 26.03% 54.91% 84.36%
Dividend per Share 2 0.3930 0.4280 0.4780 0.4940 0.5200 0.5500
Announcement Date 11/02/19 12/02/20 18/03/21 08/02/22 27/02/23 24/03/24
1ILS in Million2ILS
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,520 1,770 1,775 1,914 2,845 2,835
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 9.39 x - - - - -
Free Cash Flow 1 66.4 73 127 92.8 146 152
ROE (net income / shareholders' equity) 7.79% 20.3% 10.1% 19.2% 12.4% 7.93%
ROA (Net income/ Total Assets) 3.7% 3.71% 3.3% 3.18% 3.31% 3.35%
Assets 1 2,643 7,894 4,881 11,210 8,034 5,378
Book Value Per Share 2 6.970 8.100 8.410 9.580 10.30 10.50
Cash Flow per Share 2 0.0300 0.3800 0.6100 1.900 0.1200 0.7000
Capex 1 0.03 0.15 0.19 - 0.14 0.49
Capex / Sales 0.01% 0.06% 0.08% - 0.04% 0.14%
Announcement Date 11/02/19 12/02/20 18/03/21 08/02/22 27/02/23 24/03/24
1ILS in Million2ILS
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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