Financials First International Bank of Israel Ltd

Equities

FIBI

IL0005930388

Banks

Market Closed - TEL AVIV STOCK EXCHANGE 07:24:08 2024-04-25 am EDT 5-day change 1st Jan Change
14,460 ILa -0.21% Intraday chart for First International Bank of Israel Ltd +1.47% -3.54%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,886 10,022 8,542 12,993 13,946 15,039
Enterprise Value (EV) 1 -19,070 -23,783 -44,513 -40,891 -38,613 -48,596
P/E ratio 10.8 x 11.6 x 11.4 x 9.25 x 8.37 x 6.92 x
Yield 4.64% 4.3% - 5.85% 5.23% 5.31%
Capitalization / Revenue 1.99 x 2.52 x 2.31 x 2.73 x 2.64 x 2.46 x
EV / Revenue -4.82 x -5.97 x -12 x -8.58 x -7.3 x -7.95 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.97 x 1.17 x 0.93 x 1.3 x 1.32 x 1.25 x
Nbr of stocks (in thousands) 100,330 100,330 100,330 100,330 100,330 100,330
Reference price 2 78.60 99.89 85.14 129.5 139.0 149.9
Announcement Date 3/13/19 3/15/20 3/17/21 3/7/22 3/21/23 3/12/24
1ILS in Million2ILS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,957 3,984 3,696 4,766 5,291 6,116
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 1,175 1,381 1,156 2,183 2,610 3,352
Net income 1 733 865 750 1,405 1,667 2,172
Net margin 18.52% 21.71% 20.29% 29.48% 31.51% 35.51%
EPS 2 7.306 8.622 7.475 14.00 16.62 21.65
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 3.650 4.300 - 7.575 7.276 7.954
Announcement Date 3/13/19 3/15/20 3/17/21 3/7/22 3/21/23 3/12/24
1ILS in Million2ILS
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2022 Q1 2022 Q2
Net sales 1 1,125 - 1,208
EBITDA - - -
EBIT 1 480 - 546
Operating Margin 42.67% - 45.2%
Earnings before Tax (EBT) 1 - - 515
Net income 1 - 322 342
Net margin - - 28.31%
EPS - 3.210 -
Dividend per Share - - -
Announcement Date 11/23/21 5/24/22 8/16/22
1ILS in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 26,956 33,805 53,055 53,884 52,559 63,635
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 9.13% 10.4% 8.54% 14.6% 16.1% 19.1%
ROA (Net income/ Total Assets) 0.57% 0.66% 0.51% 0.84% 0.92% 1.08%
Assets 1 128,958 131,840 147,001 168,143 181,788 200,480
Book Value Per Share 2 80.70 85.40 91.10 99.70 105.0 120.0
Cash Flow per Share 2 310.0 371.0 571.0 570.0 552.0 673.0
Capex 1 47 49 40 39 41 52
Capex / Sales 1.19% 1.23% 1.08% 0.82% 0.77% 0.85%
Announcement Date 3/13/19 3/15/20 3/17/21 3/7/22 3/21/23 3/12/24
1ILS in Million2ILS
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
144.6 ILS
Average target price
178 ILS
Spread / Average Target
+23.10%
Consensus

Annual profits - Rate of surprise

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