Does ICL Group (TLV:ICL) Have A Healthy Balance Sheet?
May 08
Israeli (TA) Market Analysis & Valuation
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies465
- 7D0.9%
- 3M3.9%
- 1Y8.3%
- YTD0.7%
Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 3.6% in that time. More promisingly, the market is up 8.3% over the past year. Earnings are forecast to grow by 8.4% annually.
Market Valuation and Performance
Has the Israeli Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | ₪830.6b | ₪751.0b | ₪58.8b | 12.4x | 14.1x | 1.1x |
| Fri, 05 Apr 2024 | ₪827.3b | ₪754.4b | ₪58.1b | 12.2x | 14.2x | 1.1x |
| Sun, 03 Mar 2024 | ₪844.7b | ₪740.8b | ₪54.5b | 12.5x | 15.5x | 1.1x |
| Tue, 30 Jan 2024 | ₪806.7b | ₪752.7b | ₪55.8b | 11.6x | 14.5x | 1.1x |
| Thu, 28 Dec 2023 | ₪804.4b | ₪750.8b | ₪56.2b | 11.1x | 14.3x | 1.1x |
| Sat, 25 Nov 2023 | ₪775.0b | ₪748.2b | ₪59.7b | 10.7x | 13x | 1x |
| Mon, 23 Oct 2023 | ₪702.1b | ₪760.9b | ₪65.0b | 9.9x | 10.8x | 0.9x |
| Wed, 20 Sep 2023 | ₪790.6b | ₪746.0b | ₪64.0b | 11.4x | 12.4x | 1.1x |
| Fri, 18 Aug 2023 | ₪793.8b | ₪689.3b | ₪69.7b | 10.9x | 11.4x | 1.2x |
| Sun, 16 Jul 2023 | ₪799.4b | ₪682.2b | ₪71.2b | 10.5x | 11.2x | 1.2x |
| Tue, 13 Jun 2023 | ₪793.5b | ₪678.8b | ₪73.5b | 10.8x | 10.8x | 1.2x |
| Thu, 11 May 2023 | ₪777.2b | ₪663.3b | ₪83.2b | 9.5x | 9.3x | 1.2x |
| Sat, 08 Apr 2023 | ₪745.8b | ₪660.7b | ₪83.8b | 9.2x | 8.9x | 1.1x |
| Mon, 06 Mar 2023 | ₪752.4b | ₪669.5b | ₪96.9b | 8.5x | 7.8x | 1.1x |
| Wed, 01 Feb 2023 | ₪794.9b | ₪657.9b | ₪96.0b | 8.9x | 8.3x | 1.2x |
| Fri, 30 Dec 2022 | ₪793.2b | ₪661.1b | ₪96.3b | 8.9x | 8.2x | 1.2x |
| Sun, 27 Nov 2022 | ₪854.1b | ₪660.7b | ₪97.7b | 9.5x | 8.7x | 1.3x |
| Tue, 25 Oct 2022 | ₪882.2b | ₪650.3b | ₪92.2b | 10.3x | 9.6x | 1.4x |
| Thu, 22 Sep 2022 | ₪913.6b | ₪643.8b | ₪90.7b | 11x | 10.1x | 1.4x |
| Sat, 20 Aug 2022 | ₪972.6b | ₪660.4b | ₪90.5b | 12.3x | 10.7x | 1.5x |
| Mon, 18 Jul 2022 | ₪889.3b | ₪653.7b | ₪84.9b | 11.9x | 10.5x | 1.4x |
| Wed, 15 Jun 2022 | ₪839.3b | ₪657.4b | ₪84.6b | 11.2x | 9.9x | 1.3x |
| Fri, 13 May 2022 | ₪912.6b | ₪641.9b | ₪75.9b | 11.9x | 12x | 1.4x |
| Sun, 10 Apr 2022 | ₪990.6b | ₪636.2b | ₪74.8b | 13x | 13.2x | 1.6x |
| Tue, 08 Mar 2022 | ₪960.4b | ₪623.9b | ₪60.6b | 15x | 15.9x | 1.5x |
| Thu, 03 Feb 2022 | ₪983.5b | ₪616.6b | ₪58.6b | 16.3x | 16.8x | 1.6x |
| Sat, 01 Jan 2022 | ₪957.1b | ₪614.2b | ₪58.4b | 15.7x | 16.4x | 1.6x |
| Mon, 29 Nov 2021 | ₪891.1b | ₪602.3b | ₪55.9b | 14.8x | 15.9x | 1.5x |
| Wed, 27 Oct 2021 | ₪871.3b | ₪587.9b | ₪52.0b | 15x | 16.7x | 1.5x |
| Fri, 24 Sep 2021 | ₪835.8b | ₪587.7b | ₪51.9b | 14.6x | 16.1x | 1.4x |
| Sun, 22 Aug 2021 | ₪790.9b | ₪574.6b | ₪52.0b | 14.1x | 15.2x | 1.4x |
| Fri, 09 Jul 2021 | ₪764.8b | ₪574.6b | ₪52.0b | 13.7x | 14.7x | 1.3x |
Price to Earnings Ratio
18.4x
Current Market PE
- Investors are optimistic on the Israeli market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 14.1x which is higher than its 3-year average PE of 12.6x.
Past Earnings Growth
- The earnings for Israeli listed companies have grown 12% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Israeli Market?
| IL Market | 0.94% | |
| Healthcare | 3.63% | |
| Materials | 2.61% | |
| Utilities | 2.40% | |
| Real Estate | 2.15% | |
| Industrials | 0.68% | |
| Financials | 0.63% | |
| Tech | 0.36% | |
| Consumer Discretionary | 0.27% | |
| Energy | -0.015% | |
| Telecom | -0.67% | |
| Consumer Staples | -1.06% | |
Sector PE
- Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 55.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 23.9%, which is higher than its past year's earnings growth of 9.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 49% over the next 5 years.
- This is better than its past earnings decline of 35% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings decline by 80% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ICL ICL Group | ₪18.25 | 3.6% +₪812.4m | -17.0% | PE9.8x | Materials | |
| ENLT Enlight Renewable Energy | ₪65.29 | 8.2% +₪582.9m | 5.6% | PE29.4x | Utilities | |
| LUMI Bank Leumi le-Israel B.M | ₪29.60 | 1.0% +₪429.0m | 4.8% | PB0.8x | Financials | |
| ALHE Alony-Hetz Properties & Investments | ₪26.50 | 9.0% +₪391.8m | -8.8% | PS16.7x | Real Estate | |
| AMOT Amot Investments | ₪16.50 | 4.7% +₪348.9m | -14.1% | PE11.4x | Real Estate |
