Company Valuation: Delek Group Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,657 4,516 6,879 8,597 8,717 15,561
Change - 172.46% 52.35% 24.96% 1.4% 78.52%
Enterprise Value (EV) 1 19,557 18,167 21,574 21,506 21,341 28,184
Change - -7.11% 18.76% -0.32% -0.77% 32.07%
P/E -0.71x 3.19x 1.73x 5.32x 6.25x 4.78x
PBR 0.82x 1.73x 0.8x 0.9x 1x 1.54x
PEG - -0x 0x -0.1x -0.5x 0x
Capitalization / Revenue 0.25x 0.57x 0.57x 0.7x 0.73x 3.75x
EV / Revenue 2.93x 2.28x 1.8x 1.74x 1.78x 6.79x
EV / EBITDA 3.88x 3.09x 2.44x 2.36x 2.68x 11.7x
EV / EBIT 19.1x 3.56x 3.57x 4.27x 4.94x 16.8x
EV / FCF 25.6x 3.32x 9.53x 4.8x 5.78x -5.36x
FCF Yield 3.91% 30.1% 10.5% 20.8% 17.3% -18.7%
Dividend per Share 2 - - 2.519 4.866 5.146 5.605
Rate of return - - 6.51% 10.5% 10.8% 6.59%
EPS 2 -14.12 7.999 22.43 8.731 7.6 17.79
Distribution rate - - 11.2% 55.7% 67.7% 31.5%
Net sales 1 6,671 7,973 11,995 12,330 11,961 4,148
EBITDA 1 5,039 5,882 8,828 9,108 7,955 2,409
EBIT 1 1,023 5,103 6,043 5,035 4,322 1,675
Net income 1 -1,874 1,432 3,977 1,593 1,404 3,256
Net Debt 1 17,900 13,651 14,695 12,909 12,624 12,623
Reference price 2 10.00 25.51 38.70 46.45 47.50 85.09
Nbr of stocks (in thousands) 165,733 177,011 177,759 185,071 183,509 182,881
Announcement Date 4/5/21 3/30/22 3/1/23 4/1/24 4/2/25 3/25/26
1ILS in Million2ILS
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 5.29B
12.56x2.4x5.49x2.55% 160B
12.71x3.35x6.38x3.54% 105B
8.94x2.72x4.76x2.75% 78.79B
7.7x2.53x4.01x1.73% 60.09B
9.9x1.43x4.71x1.95% 59.43B
12.4x3.71x5.26x2.12% 57.57B
9.78x2.58x5.02x2.35% 55.46B
13.21x3.5x5.29x5.46% 45.53B
6.38x1.61x3.98x5.18% 36.25B
Average 10.40x 2.65x 4.99x 3.07% 66.33B
Weighted average by Cap. 10.92x 2.68x 5.18x 2.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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