Financials Menivim - The New Reit Ltd

Equities

MNRT

IL0011405730

Commercial REITs

Market Closed - TEL AVIV STOCK EXCHANGE 10:24:02 2024-05-02 am EDT 5-day change 1st Jan Change
172.5 ILa +2.74% Intraday chart for Menivim - The New Reit Ltd +3.67% +2.07%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 313.2 917.4 1,196 1,435 1,145 1,166
Enterprise Value (EV) 1 718.1 1,027 1,811 2,193 2,301 2,535
P/E ratio 22.1 x 8.38 x 427 x 9.15 x 7.94 x 7.84 x
Yield - - 4.51% 3.91% 6.46% 6.92%
Capitalization / Revenue 6.7 x 15.8 x 12.2 x 11.6 x 6.87 x 5.81 x
EV / Revenue 15.4 x 17.6 x 18.5 x 17.7 x 13.8 x 12.6 x
EV / EBITDA - - - - - -
EV / FCF -5,314 x 49.6 x 74.8 x 52.4 x 43.2 x 34.1 x
FCF Yield -0.02% 2.01% 1.34% 1.91% 2.32% 2.94%
Price to Book 0.79 x 1.19 x 0.98 x 1.08 x 0.75 x 0.74 x
Nbr of stocks (in thousands) 214,939 394,239 626,005 627,472 689,984 689,984
Reference price 2 1.457 2.327 1.910 2.287 1.660 1.690
Announcement Date 3/13/19 3/15/20 3/16/21 3/17/22 3/19/23 3/19/24
1ILS in Million2ILS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 46.75 58.23 98.12 123.8 166.7 200.6
EBITDA - - - - - -
EBIT 1 7.64 38.56 19.46 86.09 95.5 143.5
Operating Margin 16.34% 66.21% 19.83% 69.55% 57.27% 71.52%
Earnings before Tax (EBT) 1 11.86 79.47 2.277 158.8 144 148
Net income 1 11.86 79.47 2.277 158.8 144 148
Net margin 25.37% 136.47% 2.32% 128.26% 86.35% 73.78%
EPS 2 0.0660 0.2776 0.004476 0.2500 0.2092 0.2157
Free Cash Flow 1 -0.1351 20.7 24.21 41.85 53.3 74.43
FCF margin -0.29% 35.55% 24.68% 33.81% 31.96% 37.11%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - 26.05% 1,063.37% 26.36% 37.02% 50.29%
Dividend per Share - - 0.0862 0.0894 0.1073 0.1170
Announcement Date 3/13/19 3/15/20 3/16/21 3/17/22 3/19/23 3/19/24
1ILS in Million2ILS
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 405 110 615 758 1,156 1,369
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -0.14 20.7 24.2 41.9 53.3 74.4
ROE (net income / shareholders' equity) 3.27% 13.6% 0.23% 12.5% 10.1% 9.54%
ROA (Net income/ Total Assets) 0.65% 2.35% 0.76% 2.45% 2.27% 2.97%
Assets 1 1,820 3,388 299.3 6,481 6,340 4,982
Book Value Per Share 2 1.850 1.950 1.950 2.110 2.200 2.290
Cash Flow per Share 2 0.1500 0.7800 0.2500 0.4800 0.2500 0.2900
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 3/13/19 3/15/20 3/16/21 3/17/22 3/19/23 3/19/24
1ILS in Million2ILS
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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