POLYGON REAL ESTATE LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,999 ILa | +4.44% |
|
+2.54% | +24.35% |
| 03-28 | Polygon Real Estate Ltd Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Polygon Real Estate Ltd Reports Earnings Results for the Half Year Ended June 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 110.5 | 143.5 | 129.1 | 173.3 | 154.4 | 165.5 |
| Enterprise Value (EV) 1 | 125.1 | 160 | 133.2 | 159.6 | 111.9 | 102.2 |
| P/E ratio | -566 x | 18.2 x | 14.9 x | 16.3 x | 7.16 x | 9.83 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 5.91 x | 7.54 x | 6.58 x | 7.61 x | 5.78 x | 5.78 x |
| EV / Revenue | 6.7 x | 8.41 x | 6.79 x | 7 x | 4.19 x | 3.57 x |
| EV / EBITDA | 9.17 x | 10.3 x | 8.37 x | 10.4 x | 5.79 x | 5.1 x |
| EV / FCF | 18.7 x | 14.7 x | 11.7 x | 12.1 x | 6.63 x | 6.94 x |
| FCF Yield | 5.36% | 6.78% | 8.53% | 8.23% | 15.1% | 14.4% |
| Price to Book | 1.14 x | 1.37 x | 1.14 x | 1.4 x | 1.06 x | 1.02 x |
| Nbr of stocks (in thousands) | 5,147 | 5,147 | 5,147 | 5,147 | 5,147 | 5,147 |
| Reference price 2 | 21.46 | 27.89 | 25.09 | 33.68 | 30.00 | 32.16 |
| Announcement Date | 19-03-31 | 20-03-20 | 21-03-22 | 22-03-31 | 23-03-19 | 24-03-28 |
1ILS in Million2ILS
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 18.68 | 19.03 | 19.62 | 22.78 | 26.73 | 28.65 |
| EBITDA 1 | 13.64 | 15.59 | 15.91 | 15.27 | 19.34 | 20.05 |
| EBIT 1 | 8.782 | 10.6 | 10.95 | 9.707 | 13.89 | 14.7 |
| Operating Margin | 47.01% | 55.7% | 55.81% | 42.61% | 51.97% | 51.33% |
| Earnings before Tax (EBT) 1 | -0.393 | 10.24 | 11.22 | 13.78 | 27.38 | 21.44 |
| Net income 1 | -0.195 | 7.869 | 8.651 | 10.61 | 21.58 | 16.84 |
| Net margin | -1.04% | 41.35% | 44.1% | 46.57% | 80.75% | 58.79% |
| EPS 2 | -0.0379 | 1.529 | 1.681 | 2.060 | 4.190 | 3.272 |
| Free Cash Flow 1 | 6.702 | 10.86 | 11.37 | 13.14 | 16.89 | 14.74 |
| FCF margin | 35.87% | 57.04% | 57.95% | 57.67% | 63.17% | 51.46% |
| FCF Conversion (EBITDA) | 49.14% | 69.63% | 71.46% | 86.01% | 87.31% | 73.51% |
| FCF Conversion (Net income) | - | 137.95% | 131.4% | 123.85% | 78.23% | 87.54% |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 19-03-31 | 20-03-20 | 21-03-22 | 22-03-31 | 23-03-19 | 24-03-28 |
1ILS in Million2ILS
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 14.6 | 16.5 | 4.09 | - | - | - |
| Net Cash position 1 | - | - | - | 13.8 | 42.5 | 63.3 |
| Leverage (Debt/EBITDA) | 1.072 x | 1.055 x | 0.2569 x | - | - | - |
| Free Cash Flow 1 | 6.7 | 10.9 | 11.4 | 13.1 | 16.9 | 14.7 |
| ROE (net income / shareholders' equity) | -0.2% | 7.8% | 7.93% | 8.93% | 16% | 10.9% |
| ROA (Net income/ Total Assets) | 4.87% | 5.56% | 5.41% | 4.53% | 5.96% | 5.67% |
| Assets 1 | -4.008 | 141.4 | 160 | 234 | 362.3 | 297 |
| Book Value Per Share 2 | 18.80 | 20.40 | 22.00 | 24.10 | 28.30 | 31.60 |
| Cash Flow per Share 2 | 0.0300 | 0.0500 | 0.6100 | 2.100 | 8.150 | 12.30 |
| Capex | - | - | - | - | - | 0.01 |
| Capex / Sales | - | - | - | - | - | 0.04% |
| Announcement Date | 19-03-31 | 20-03-20 | 21-03-22 | 22-03-31 | 23-03-19 | 24-03-28 |
1ILS in Million2ILS
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +24.35% | 55.25M | |
| +36.86% | 27.86B | |
| -9.53% | 24.62B | |
| +14.11% | 27.33B | |
| +13.57% | 24.82B | |
| +50.95% | 23.43B | |
| +12.21% | 20.61B | |
| +1.89% | 19.49B | |
| +31.19% | 16.41B | |
| -11.61% | 15.23B |
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