Live News • Jun 19
Shikun & Binui Stock Draws Competing Billion Shekel Bids in Energy Unit Sale Keystone Infrastructure Fund has submitted a NIS 4.35b bid to acquire Shikun & Binui Energy, topping Generation Capital's earlier NIS 4.2b offer.
Keystone's offer is described as unconditional and backed by sufficient financing, while Generation Capital's competing proposal includes financing conditions.
The Shikun & Binui Energy board is weighing both bids as regulators raise concerns that a Generation Capital deal could increase market concentration in the electricity sector.
The bidding contest around Shikun & Binui Energy highlights how the company’s energy assets are attracting interest from long-term infrastructure investors, which could reshape the group’s portfolio and capital allocation priorities.
Investors in Shikun & Binui may want to watch for the board’s final decision and any regulatory feedback, as deal terms, timing and approval conditions could influence the value ultimately realized from the energy unit. New Risk • May 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). New Risk • Nov 30
New major risk - Revenue and earnings growth Earnings have declined by 7.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Sep 04
Shikun & Binui Ltd., Annual General Meeting, Oct 16, 2025 Shikun & Binui Ltd., Annual General Meeting, Oct 16, 2025. Location: co. offices, Israel Reported Earnings • May 29
First quarter 2025 earnings released: EPS: ₪0.23 (vs ₪0.07 loss in 1Q 2024) First quarter 2025 results: EPS: ₪0.23 (up from ₪0.07 loss in 1Q 2024). Revenue: ₪2.21b (up 16% from 1Q 2024). Net income: ₪123.0m (up ₪164.0m from 1Q 2024). Profit margin: 5.6% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Mar 11
Shikun & Binui Ltd. to Report Q4, 2024 Results on Mar 27, 2025 Shikun & Binui Ltd. announced that they will report Q4, 2024 results at 9:46 AM, Israel Standard Time on Mar 27, 2025 New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 1.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: ₪0.26 (vs ₪1.47 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.26 (down from ₪1.47 in 3Q 2023). Revenue: ₪2.23b (up 14% from 3Q 2023). Net income: ₪152.0m (down 80% from 3Q 2023). Profit margin: 6.8% (down from 39% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • Sep 02
Shikun & Binui Ltd., Annual General Meeting, Oct 08, 2024 Shikun & Binui Ltd., Annual General Meeting, Oct 08, 2024. Location: co. offices, Israel Board Change • Aug 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent External Director Tomer Jacob was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 22
Second quarter 2024 earnings released: ₪0.47 loss per share (vs ₪0.60 loss in 2Q 2023) Second quarter 2024 results: ₪0.47 loss per share (improved from ₪0.60 loss in 2Q 2023). Revenue: ₪1.97b (down 5.6% from 2Q 2023). Net loss: ₪256.0m (loss narrowed 22% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪8.30, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 17x in the Construction industry in Israel. Total loss to shareholders of 58% over the past three years. Reported Earnings • Jun 04
First quarter 2024 earnings released: ₪0.07 loss per share (vs ₪0.16 profit in 1Q 2023) First quarter 2024 results: ₪0.07 loss per share (down from ₪0.16 profit in 1Q 2023). Revenue: ₪1.90b (down 11% from 1Q 2023). Net loss: ₪41.0m (down 153% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. External Independent Director Orly Zilberman was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 108% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings have declined by 37% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (13% increase in shares outstanding). Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: ₪0.57 (vs ₪0.12 in FY 2022) Full year 2023 results: EPS: ₪0.57 (up from ₪0.12 in FY 2022). Revenue: ₪8.24b (up 7.5% from FY 2022). Net income: ₪288.0m (up 433% from FY 2022). Profit margin: 3.5% (up from 0.7% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Mar 21
Shikun & Binui Ltd. to Report Q4, 2023 Results on Mar 27, 2024 Shikun & Binui Ltd. announced that they will report Q4, 2023 results on Mar 27, 2024 New Risk • Dec 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 160% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 40% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Dec 02
Third quarter 2023 earnings released: EPS: ₪1.47 (vs ₪0.002 loss in 3Q 2022) Third quarter 2023 results: EPS: ₪1.47 (up from ₪0.002 loss in 3Q 2022). Revenue: ₪1.95b (up 1.0% from 3Q 2022). Net income: ₪762.0m (up ₪763.0m from 3Q 2022). Profit margin: 39% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Nov 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings have declined by 47% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Announcement • Sep 18
Shikun & Binui Ltd.(TASE:SKBN) dropped from FTSE All-World Index (USD) Shikun & Binui Ltd.(TASE:SKBN) dropped from FTSE All-World Index (USD) Reported Earnings • Aug 30
Second quarter 2023 earnings released: ₪0.46 loss per share (vs ₪0.25 profit in 2Q 2022) Second quarter 2023 results: ₪0.46 loss per share (down from ₪0.25 profit in 2Q 2022). Revenue: ₪4.23b (up 144% from 2Q 2022). Net loss: ₪252.0m (down 326% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₪9.44, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 16x in the Construction industry in Israel. Total loss to shareholders of 28% over the past three years. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: ₪0.16 (vs ₪0.12 in 1Q 2022) First quarter 2023 results: EPS: ₪0.16 (up from ₪0.12 in 1Q 2022). Revenue: ₪2.15b (up 37% from 1Q 2022). Net income: ₪78.0m (up 50% from 1Q 2022). Profit margin: 3.6% (up from 3.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. External Independent Director Orly Zilberman was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₪8.09, the stock trades at a trailing P/E ratio of 71.9x. Average trailing P/E is 12x in the Construction industry in Israel. Total loss to shareholders of 45% over the past three years. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: ₪0.12 (vs ₪0.17 in FY 2021) Full year 2022 results: EPS: ₪0.12 (down from ₪0.17 in FY 2021). Revenue: ₪7.66b (up 25% from FY 2021). Net income: ₪54.0m (down 25% from FY 2021). Profit margin: 0.7% (down from 1.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₪7.24, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 9x in the Construction industry in Israel. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₪8.40, the stock trades at a trailing P/E ratio of 30.6x. Average forward P/E is 10x in the Construction industry in Israel. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 15% share price gain to ₪11.31, the stock trades at a trailing P/E ratio of 41.2x. Average forward P/E is 10x in the Construction industry in Israel. Total loss to shareholders of 26% over the past three years. Price Target Changed • Nov 16
Price target increased to ₪17.70 Up from ₪11.50, the current price target is provided by 1 analyst. New target price is 18% above last closing price of ₪14.94. Stock is down 29% over the past year. The company posted earnings per share of ₪0.17 last year. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₪15.55, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 11x in the Construction industry in Israel. Total returns to shareholders of 51% over the past three years. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪0.29 (up from ₪0.06 loss in 3Q 2020). Revenue: ₪1.51b (down 2.9% from 3Q 2020). Net income: ₪119.0m (up ₪143.1m from 3Q 2020). Profit margin: 7.9% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 28
Second quarter 2021 earnings released: ₪0.05 loss per share (vs ₪0.14 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: ₪1.59b (down 2.6% from 2Q 2020). Net loss: ₪21.7m (loss narrowed 62% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 06
First quarter 2021 earnings released: EPS ₪0.05 (vs ₪0.27 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₪1.45b (down 12% from 1Q 2020). Net income: ₪19.8m (down 82% from 1Q 2020). Profit margin: 1.4% (down from 6.7% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS ₪0.33 (vs ₪0.78 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₪6.58b (up 1.4% from FY 2019). Net income: ₪139.8m (down 56% from FY 2019). Profit margin: 2.1% (down from 4.8% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 02
New 90-day high: ₪20.38 The company is up 26% from its price of ₪16.17 on 02 December 2020. The Israeli market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 14% over the same period. Announcement • Jan 28
Shikun & Binui Ltd.(TASE:SKBN) dropped from FTSE All-World Index (USD) Shikun & Binui Ltd.(TASE:SKBN) dropped from FTSE All-World Index (USD) Is New 90 Day High Low • Jan 20
New 90-day high: ₪19.58 The company is up 24% from its price of ₪15.78 on 22 October 2020. The Israeli market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 21% over the same period. Announcement • Dec 29
Tortoise Investments, LLC and Shikun & Binui Ltd. (TASE:SKBN) acquired 99% stake in 107.8 megawatt (MWdc) Beacon portfolio in Kern, California from Capital Dynamics AG. Tortoise Investments, LLC and Shikun & Binui Ltd. (TASE:SKBN) acquired 99% stake in 107.8 megawatt (MWdc) Beacon portfolio in Kern, California from Capital Dynamics AG on December 28, 2020. The 107.8 megawatt (MWdc) Beacon portfolio consists of two projects: Beacon II (59.6 MWdc) and Beacon V (48.2 MWdc)
Tortoise Investments, LLC and Shikun & Binui Ltd. (TASE:SKBN) completed the acquisition of 99% stake in 107.8 megawatt (MWdc) Beacon portfolio in Kern, California from Capital Dynamics AG on December 28, 2020. Is New 90 Day High Low • Dec 28
New 90-day high: ₪18.39 The company is up 23% from its price of ₪14.96 on 29 September 2020. The Israeli market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: ₪17.66 The company is up 15% from its price of ₪15.41 on 10 September 2020. The Israeli market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 14% over the same period. Reported Earnings • Dec 04
Third quarter 2020 earnings released: ₪0.06 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: ₪1.56b (down 4.0% from 3Q 2019). Net loss: ₪24.1m (loss narrowed 61% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 09
New 90-day high: ₪16.60 The company is up 11% from its price of ₪15.01 on 11 August 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 1.0% over the same period. Announcement • Sep 13
Shikun & Binui Ltd. to Report Q2, 2020 Results on Aug 27, 2020 Shikun & Binui Ltd. announced that they will report Q2, 2020 results at 9:25 AM, GMT Standard Time on Aug 27, 2020 Announcement • Jul 09
Shikun & Binui Ltd. Announces Executive Changes Shikun & Binui Ltd. announced that following the departure of Eyal Lapidot, who was ousted as CEO of real estate company Shikun & Binui Holdings Ltd, Tamir Cohen will himself serve as temporary CEO as well as chairing the board. The board may well appoint a search committee shortly to find a new permanent CEO. 