Financials Mivne Real Estate (K.D) Ltd

Equities

MVNE

IL0002260193

Real Estate Development & Operations

Market Closed - TEL AVIV STOCK EXCHANGE 07:24:07 2024-04-25 EDT 5-day change 1st Jan Change
893.4 ILa -2.10% Intraday chart for Mivne Real Estate (K.D) Ltd -1.17% -16.50%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,323 7,666 6,779 10,692 8,997 8,077
Enterprise Value (EV) 1 5,689 13,130 11,705 15,778 15,357 14,954
P/E ratio 7.02 x 8.28 x 10.6 x 10.9 x 6.67 x 24.3 x
Yield - - 2.3% 2.29% 3.22% 3.22%
Capitalization / Revenue 3.71 x 6.73 x 6.42 x 9.54 x 8.61 x 6.63 x
EV / Revenue 9.1 x 11.5 x 11.1 x 14.1 x 14.7 x 12.3 x
EV / EBITDA 14.6 x 19.2 x 19.6 x 22.2 x 22.1 x 18.5 x
EV / FCF 23 x 38.8 x 31.7 x 114 x 52.1 x 81.1 x
FCF Yield 4.34% 2.58% 3.16% 0.88% 1.92% 1.23%
Price to Book 0.88 x 1.38 x 1.12 x 1.55 x 1.1 x 1 x
Nbr of stocks (in thousands) 447,117 812,931 818,726 799,120 803,267 754,870
Reference price 2 5.195 9.430 8.280 13.38 11.20 10.70
Announcement Date 19-03-20 20-03-26 21-03-21 22-03-20 23-03-21 24-03-27
1ILS in Million2ILS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 625.4 1,140 1,056 1,121 1,045 1,219
EBITDA 1 389.6 684.4 597.8 711.1 694.6 809.3
EBIT 1 384.6 677.8 592.5 698.2 685.9 797.1
Operating Margin 61.5% 59.47% 56.13% 62.27% 65.65% 65.38%
Earnings before Tax (EBT) 1 410.7 880.6 765.2 1,166 1,645 419.4
Net income 1 331 677.8 577.2 941.8 1,277 332.6
Net margin 52.93% 59.47% 54.68% 84% 122.19% 27.28%
EPS 2 0.7400 1.139 0.7800 1.230 1.680 0.4400
Free Cash Flow 1 247.1 338.2 369.7 138.5 294.6 184.4
FCF margin 39.51% 29.67% 35.02% 12.35% 28.2% 15.13%
FCF Conversion (EBITDA) 63.43% 49.42% 61.85% 19.47% 42.42% 22.78%
FCF Conversion (Net income) 74.65% 49.9% 64.05% 14.7% 23.08% 55.45%
Dividend per Share - - 0.1906 0.3058 0.3603 0.3444
Announcement Date 19-03-20 20-03-26 21-03-21 22-03-20 23-03-21 24-03-27
1ILS in Million2ILS
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4
Net sales - -
EBITDA 1 - 162.6
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 292.5 -
Net margin - -
EPS 0.3700 -
Dividend per Share - -
Announcement Date 22-11-22 23-04-03
1ILS in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,366 5,465 4,926 5,086 6,360 6,877
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 8.642 x 7.984 x 8.241 x 7.152 x 9.156 x 8.497 x
Free Cash Flow 1 247 338 370 138 295 184
ROE (net income / shareholders' equity) 13.6% 15.5% 9.93% 14.7% 17.2% 4.18%
ROA (Net income/ Total Assets) 3.32% 3.25% 2.81% 3.14% 2.73% 2.86%
Assets 1 9,974 20,872 20,514 29,979 46,845 11,637
Book Value Per Share 2 5.900 6.850 7.420 8.630 10.10 10.70
Cash Flow per Share 2 0.4200 0.5300 0.5300 1.150 0.2300 1.220
Capex 1 2 1.56 22 54.1 46.4 30.2
Capex / Sales 0.32% 0.14% 2.09% 4.83% 4.44% 2.48%
Announcement Date 19-03-20 20-03-26 21-03-21 22-03-20 23-03-21 24-03-27
1ILS in Million2ILS
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
8.934 ILS
Average target price
12 ILS
Spread / Average Target
+34.32%
Consensus

Annual profits - Rate of surprise

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