ELECTRA LIMITED |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 141,080 ILa | -2.22% |
|
-2.36% | -7.74% |
| Mar. 26 | Electra Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Israel consortium inks financing for new Tel Aviv light rail line | RE |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,242 | 5,590 | 6,631 | 8,248 | 7,261 | 5,868 |
| Enterprise Value (EV) 1 | 4,060 | 6,844 | 7,662 | 11,118 | 10,390 | 9,310 |
| P/E ratio | 20.1 x | 25 x | 44.8 x | 42.2 x | 23.9 x | 27.5 x |
| Yield | 2.13% | 1.14% | 1.06% | 0.97% | 1.12% | 1.46% |
| Capitalization / Revenue | 0.54 x | 0.8 x | 0.86 x | 0.92 x | 0.67 x | 0.51 x |
| EV / Revenue | 0.67 x | 0.98 x | 0.99 x | 1.24 x | 0.96 x | 0.8 x |
| EV / EBITDA | 12.4 x | 17.4 x | 17.1 x | 18.8 x | 15.6 x | 13.3 x |
| EV / FCF | -15 x | -775 x | 11.9 x | -20.1 x | 59.6 x | -99.6 x |
| FCF Yield | -6.66% | -0.13% | 8.43% | -4.98% | 1.68% | -1% |
| Price to Book | 3.29 x | 5.14 x | 5.65 x | 6.74 x | 4.74 x | 3.61 x |
| Nbr of stocks (in thousands) | 3,614 | 3,647 | 3,776 | 3,822 | 3,822 | 3,838 |
| Reference price 2 | 897.0 | 1,533 | 1,756 | 2,158 | 1,900 | 1,529 |
| Announcement Date | 3/27/19 | 3/29/20 | 3/24/21 | 3/22/22 | 3/27/23 | 3/26/24 |
1ILS in Million2ILS
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 6,058 | 7,008 | 7,716 | 8,974 | 10,852 | 11,615 |
| EBITDA 1 | 327 | 393.9 | 449.2 | 592.1 | 665.2 | 699.9 |
| EBIT 1 | 248 | 303.1 | 354.3 | 393.9 | 415.4 | 454.3 |
| Operating Margin | 4.09% | 4.32% | 4.59% | 4.39% | 3.83% | 3.91% |
| Earnings before Tax (EBT) 1 | 241.5 | 368.8 | 274.5 | 325.4 | 482.7 | 344.9 |
| Net income 1 | 161.4 | 222.4 | 149.6 | 195.6 | 306.3 | 213.5 |
| Net margin | 2.66% | 3.17% | 1.94% | 2.18% | 2.82% | 1.84% |
| EPS 2 | 44.69 | 61.34 | 39.19 | 51.09 | 79.65 | 55.65 |
| Free Cash Flow 1 | -270.5 | -8.829 | 646.1 | -553.2 | 174.3 | -93.49 |
| FCF margin | -4.47% | -0.13% | 8.37% | -6.16% | 1.61% | -0.8% |
| FCF Conversion (EBITDA) | - | - | 143.84% | - | 26.21% | - |
| FCF Conversion (Net income) | - | - | 431.77% | - | 56.91% | - |
| Dividend per Share 2 | 19.11 | 17.48 | 18.59 | 21.00 | 21.37 | 22.30 |
| Announcement Date | 3/27/19 | 3/29/20 | 3/24/21 | 3/22/22 | 3/27/23 | 3/26/24 |
1ILS in Million2ILS
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 818 | 1,254 | 1,031 | 2,870 | 3,128 | 3,442 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.502 x | 3.183 x | 2.296 x | 4.848 x | 4.703 x | 4.917 x |
| Free Cash Flow 1 | -271 | -8.83 | 646 | -553 | 174 | -93.5 |
| ROE (net income / shareholders' equity) | 18.1% | 25% | 15.6% | 17.9% | 22.1% | 13.2% |
| ROA (Net income/ Total Assets) | 3.1% | 3.38% | 3.49% | 3.21% | 2.7% | 2.62% |
| Assets 1 | 5,202 | 6,580 | 4,289 | 6,104 | 11,364 | 8,153 |
| Book Value Per Share 2 | 272.0 | 298.0 | 311.0 | 320.0 | 401.0 | 424.0 |
| Cash Flow per Share 2 | 147.0 | 149.0 | 258.0 | 176.0 | 177.0 | 185.0 |
| Capex 1 | 51.4 | 86.4 | 74.8 | 134 | 131 | 210 |
| Capex / Sales | 0.85% | 1.23% | 0.97% | 1.5% | 1.21% | 1.81% |
| Announcement Date | 3/27/19 | 3/29/20 | 3/24/21 | 3/22/22 | 3/27/23 | 3/26/24 |
1ILS in Million2ILS
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -7.74% | 1.44B | |
| -2.37% | 67.61B | |
| +2.99% | 59.86B | |
| +21.57% | 38.4B | |
| +13.31% | 31.33B | |
| +2.60% | 26.59B | |
| +20.60% | 21.65B | |
| +14.70% | 19.46B | |
| +21.55% | 17.51B | |
| +68.80% | 17.09B |
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