Financials Reit 1 Ltd OTC Markets

Equities

RETDF

IL0010989205

Diversified REITs

Market Closed - OTC Markets 20:10:00 2023-12-11 EST 5-day change 1st Jan Change
4.65 USD -.--% Intraday chart for Reit 1 Ltd -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,430 3,680 2,875 4,110 3,223 3,302
Enterprise Value (EV) 1 4,680 6,239 5,389 7,066 6,669 7,193
P/E ratio 8.86 x 8.69 x 19 x 7.87 x 5.83 x 9.4 x
Yield 4.63% 3.29% 4.47% 3.33% 4.59% 4.82%
Capitalization / Revenue 7.68 x 11.8 x 9.2 x 10.8 x 7.16 x 8.72 x
EV / Revenue 14.8 x 20 x 17.2 x 18.6 x 14.8 x 19 x
EV / EBITDA - - - - - -
EV / FCF 90.2 x 26.5 x 39.9 x 34 x 35.5 x 44.3 x
FCF Yield 1.11% 3.77% 2.51% 2.94% 2.82% 2.26%
Price to Book 1.05 x 1.39 x 1.08 x 1.29 x 0.89 x 0.83 x
Nbr of stocks (in thousands) 175,931 178,273 178,690 184,969 185,043 194,264
Reference price 2 13.81 20.64 16.09 22.22 17.42 17.00
Announcement Date 3/13/19 3/15/20 3/15/21 3/14/22 3/15/23 3/14/24
1ILS in Million2ILS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 316.4 311.8 312.5 380.3 450.2 378.9
EBITDA - - - - - -
EBIT 1 267.6 254.1 254.6 317.2 382.6 294.6
Operating Margin 84.58% 81.49% 81.48% 83.4% 84.98% 77.76%
Earnings before Tax (EBT) 1 271.4 429.6 153.6 514.8 569 353.8
Net income 1 271.4 423.7 151.7 507.7 564.7 351.1
Net margin 85.79% 135.87% 48.53% 133.49% 125.43% 92.67%
EPS 2 1.559 2.374 0.8480 2.825 2.989 1.808
Free Cash Flow 1 51.88 235.1 135.2 208.1 187.8 162.4
FCF margin 16.4% 75.41% 43.26% 54.71% 41.72% 42.86%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) 19.12% 55.5% 89.14% 40.98% 33.26% 46.25%
Dividend per Share 2 0.6400 0.6800 0.7200 0.7400 0.8000 0.8200
Announcement Date 3/13/19 3/15/20 3/15/21 3/14/22 3/15/23 3/14/24
1ILS in Million2ILS
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,250 2,560 2,514 2,956 3,445 3,891
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 51.9 235 135 208 188 162
ROE (net income / shareholders' equity) 12.3% 17.3% 5.74% 17.5% 16.2% 9.04%
ROA (Net income/ Total Assets) 3.74% 3.16% 2.92% 3.23% 3.3% 2.32%
Assets 1 7,254 13,404 5,197 15,723 17,096 15,134
Book Value Per Share 2 13.20 14.80 15.00 17.20 19.50 20.50
Cash Flow per Share 2 0.0500 0.4700 1.250 2.450 1.420 0.2900
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 3/13/19 3/15/20 3/15/21 3/14/22 3/15/23 3/14/24
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
14 ILS
Average target price
20 ILS
Spread / Average Target
+42.86%
Consensus

Annual profits - Rate of surprise