BLUE SQUARE REAL ESTATE LTD Financials Blue Square Real Estate Ltd
Equities
BLSR
IL0010985658
Real Estate Development & Operations
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 27,830 ILa | +0.11% |
|
+3.15% | +17.08% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,381 | 2,829 | 2,397 | 3,286 | 2,531 | 2,900 |
| Enterprise Value (EV) 1 | 3,330 | 6,009 | 5,860 | 6,971 | 6,178 | 6,772 |
| P/E ratio | 11.9 x | 8.24 x | 12.8 x | 5.91 x | 8.56 x | 4.58 x |
| Yield | 3.98% | 3.46% | 2.5% | 4.77% | 3.95% | 6.9% |
| Capitalization / Revenue | 8.23 x | 13.3 x | 7.15 x | 8.17 x | 5.72 x | 5.07 x |
| EV / Revenue | 19.8 x | 28.2 x | 17.5 x | 17.3 x | 14 x | 11.8 x |
| EV / EBITDA | - | - | 22,186,309 x | 24,303,015 x | 20,722,506 x | 19,184,484 x |
| EV / FCF | 31 x | -42.9 x | 61.3 x | -26.2 x | -171 x | 51.6 x |
| FCF Yield | 3.22% | -2.33% | 1.63% | -3.81% | -0.58% | 1.94% |
| Price to Book | 0.75 x | 1.32 x | 1.07 x | 1.26 x | 0.84 x | 0.84 x |
| Nbr of stocks (in thousands) | 11,585 | 11,585 | 11,585 | 11,694 | 12,199 | 12,199 |
| Reference price 2 | 119.2 | 244.2 | 206.9 | 281.0 | 207.5 | 237.7 |
| Announcement Date | 3/31/19 | 3/31/20 | 3/15/21 | 3/15/22 | 3/30/23 | 3/31/24 |
1ILS in Million2ILS
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 167.8 | 212.9 | 335.3 | 402.4 | 442.8 | 571.6 |
| EBITDA | - | - | 264.1 | 286.8 | 298.1 | 353 |
| EBIT 1 | 133.1 | 129 | 261.7 | 277.9 | 289.3 | 343.3 |
| Operating Margin | 79.34% | 60.61% | 78.04% | 69.06% | 65.33% | 60.06% |
| Earnings before Tax (EBT) 1 | 167.5 | 453.8 | 232.5 | 702.9 | 332.3 | 789.5 |
| Net income 1 | 116.2 | 343.5 | 187.7 | 555.6 | 295.7 | 633.7 |
| Net margin | 69.26% | 161.32% | 55.99% | 138.08% | 66.77% | 110.86% |
| EPS 2 | 10.03 | 29.65 | 16.21 | 47.51 | 24.24 | 51.95 |
| Free Cash Flow 1 | 107.3 | -140 | 95.67 | -265.8 | -36.07 | 131.3 |
| FCF margin | 63.93% | -65.77% | 28.53% | -66.05% | -8.15% | 22.97% |
| FCF Conversion (EBITDA) | - | - | 36.22% | - | - | 37.2% |
| FCF Conversion (Net income) | 92.3% | - | 50.95% | - | - | 20.72% |
| Dividend per Share 2 | 4.748 | 8.460 | 5.179 | 13.40 | 8.200 | 16.39 |
| Announcement Date | 3/31/19 | 3/31/20 | 3/15/21 | 3/15/22 | 3/30/23 | 3/31/24 |
1ILS in Million2ILS
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,949 | 3,180 | 3,463 | 3,685 | 3,646 | 3,873 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 13.11 x | 12.85 x | 12.23 x | 10.97 x |
| Free Cash Flow 1 | 107 | -140 | 95.7 | -266 | -36.1 | 131 |
| ROE (net income / shareholders' equity) | 6.34% | 17.2% | 8.53% | 22.7% | 10.4% | 19.5% |
| ROA (Net income/ Total Assets) | 1.77% | 1.45% | 2.39% | 2.26% | 2.14% | 2.3% |
| Assets 1 | 6,566 | 23,629 | 7,848 | 24,555 | 13,801 | 27,577 |
| Book Value Per Share 2 | 159.0 | 185.0 | 193.0 | 223.0 | 248.0 | 284.0 |
| Cash Flow per Share 2 | 24.80 | 6.470 | 58.40 | 21.10 | 69.20 | 65.30 |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 3/31/19 | 3/31/20 | 3/15/21 | 3/15/22 | 3/30/23 | 3/31/24 |
1ILS in Million2ILS
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
278.3
ILS
Average target price
268
ILS
Spread / Average Target
-3.70%
| 1st Jan change | Capi. | |
|---|---|---|
| +17.08% | 890M | |
| +3.68% | 10.49B | |
| +37.76% | 6.62B | |
| +21.03% | 3.18B | |
| +12.20% | 2.89B | |
| -15.55% | 2.72B | |
| -7.58% | 2.62B | |
| +1.58% | 2.6B | |
| -19.21% | 2.31B | |
| -18.25% | 2.17B |
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