28.03
RevenueILS M
199.6
203.0
206.9
213.6
224.0
234.0
244.2
256.4
264.9
268.0
29.68
3.65%
3.11%
46
25.53
Revenue growth%
16.47
14.60
13.62
16.34
14.70
13.59
14.86
15.56
14.36
13.81
18.52
14.36
14.65
93
8.07
Gross margin%
6.20
4.70
3.93
4.94
3.91
1.09
0.40
0.40
0.40
3.03
15.14
0.40
3.47
69
6.81
Operating margin%
21.49
19.20
21.00
19.70
19.61
22.08
20.28
18.09
16.74
16.83
29.86
18.09
19.65
33
22.10
Net margin%
23.66
25.18
25.94
26.26
26.99
24.51
24.26
21.47
19.18
17.56
9.20
21.47
24.38
64
34.80
P/E ratio (avg)x
45.10
51.99
59.32
55.64
63.58
61.25
69.68
72.99
69.55
65.21
6.223
69.55
62.41
72
16.54
EV/EBITx
53.93
60.28
60.14
61.23
68.94
65.58
68.54
74.50
74.26
75.28
23.11
74.26
67.06
44
19.60
FCF yield (avg)%
17.11
16.94
16.42
15.72
18.10
18.48
19.43
20.72
23.40
23.24
2.77
20.72
18.29
37
3.75
FCF margin%
7.37
7.08
8.66
10.94
13.56
13.93
11.41
9.38
10.31
10.38
23.33
10.38
10.34
70
0.447
FCF / Net incomex
1.080
1.192
1.181
1.384
1.512
1.461
1.533
1.635
1.594
1.847
0.385
1.594
1.487
50
26.75
ROIC%
8.02
5.25
7.99
9.88
9.95
8.83
9.78
11.25
12.88
14.72
5.82
11.25
9.83
91
15.90
Return on equity%
12.12
14.14
15.11
14.49
17.09
18.47
19.94
19.16
18.25
15.83
8.00
18.47
16.46
32
11.76
Return on assets%
9.06
6.97
5.88
5.53
6.53
9.25
11.84
14.70
12.87
14.10
25.16
12.87
9.16
24
0.21
EPSILS
0.17
0.17
0.16
0.15
0.17
0.17
0.17
0.15
0.14
0.13
0.23
(4.77%)
(2.01%)
—
22.84
EPS growth%
1.78
3.10
0.66
2.42
5.40
5.54
7.26
7.52
6.13
4.04
13.41
6.13
4.72
51
0.89
Bookvalue per shILS
0.67
0.66
0.68
0.78
0.76
0.80
0.93
1.05
1.11
1.09
0.31
7.38%
5.94%
—
0.49
FCF per shareILS
0.15
0.14
0.13
0.12
0.11
0.09
0.09
0.09
0.09
0.08
0.92
(6.82%)
(7.58%)
—
0.34
Dividend per shILS
0.63
0.63
0.59
0.66
0.71
0.68
0.74
0.82
0.89
0.94
0.35
5.89%
4.60%
—
3.38
Div yield (avg)%
20.05
22.32
19.72
22.03
20.18
19.11
18.50
15.59
15.97
13.46
6.50
15.97
19.42
35
29.14
Payout ratio%
3.39
0.88
1.87
1.77
1.27
2.21
0.40
0.40
1.64
0.40
4.25
0.40
1.45
54
142.9
Shares (diluted)M
154.8
178.5
206.8
197.0
229.7
247.3
257.4
298.6
313.9
316.3
139.4
6.61%
6.89%
86
25.94
Buyback yield%
6.17
3.32
2.18
2.33
4.52
5.70
4.78
7.07
4.53
1.87
20.19
4.78
4.52
71
1.073
D/E ratiox
1.074
1.029
1.007
0.921
0.817
0.820
0.909
0.891
0.978
1.074
1.157
0.909
0.949
54
151.1
Enterprise valueILS M
48.65
51.66
60.73
67.80
72.53
79.36
88.99
105.3
107.3
113.3
108.2
9.34%
9.75%
10
74.80
LT debtILS M
206.4
199.6
214.3
209.9
222.1
210.4
224.9
248.9
246.8
238.4
141.0
1.43%
0.50%
11
Revenue
ILS 268.0M
3.11%
1.00×
Cost of revenue
ILS 187.6M
3.11%
1.00×
Operating expenses
ILS 50.33M
3.24%
1.01×
Goodwill & intangibles
17.26%
Spread over hurdle
(3.75%)