Adgar Investments and Development Ltd

Chart & Performance

D1W1MN

P/E

751.05

P/S

223.57

EPS

0.58

Div Yield, %

—

Shrs. gr., 5y

4.54%

Rev. gr., 5y

5.69%

Revenues

338m

+5.36%

Net income

-7m

CFO

139m

-10.25%

Dividend

Mar 27, 20239.22019 ILS/sh

Profile

Adgar Investments and Development Ltd engages in the real estate activities in Israel, Canada, Poland, and Belgium. The company primarily invests in office properties. It also develops income-producing office assets through land purchases and utilization of land reserves associated to various property holdings. The company was incorporated in 1977 and is based in Petah Tikva, Israel. Adgar Investments and Development Ltd is a subsidiary of Direct IDI Holdings Ltd.

URL

https://www.adgar.com/

IPO date

Jan 01, 2004

Employees

134

Domiciled in

Incorporated in

Valuation

Order:

Title ILS in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title ILS in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	338,030 5.36%	320,831 5.91%	302,934 14.43%
Cost of revenue	65,592	62,875	49,525
Unusual Expense (Income)
NOPBT	272,438	257,956	253,409
NOPBT Margin	80.60%	80.40%	83.65%
Operating Taxes	2,617	35,531	8,153
Tax Rate	0.96%	13.77%	3.22%
NOPAT	269,821	222,425	245,256
Net income	(7,128) -107.46%	95,505 -1,857.55%	(5,434) -102.69%
Dividends		(15,200)	(58,300)
Dividend yield		1.80%	6.77%
Proceeds from repurchase of equity			1,280
BB yield			-0.15%
Debt
Debt current	732,457	862,476	636,116
Long-term debt	2,967,480	2,855,419	3,015,936
Deferred revenue		4,368	90
Other long-term liabilities	24,003	1,315,403	18,613
Net debt	3,524,674	3,465,483	3,195,108
Cash flow
Cash from operating activities	138,712	154,553	104,587
CAPEX	(2,443)	(2,044)	(2,995)
Cash from investing activities	(187,933)	(272,170)	(181,971)
Cash from financing activities	(11,959)	(93,944)	242,721
FCF	149,492	220,866	242,176
Balance
Cash	175,263	252,412	456,944
Long term investments
Excess cash	158,362	236,370	441,797
Stockholders' equity	1,205,882	887,817	1,132,705
Invested Capital	4,960,622	5,309,108	4,596,209
ROIC	5.25%	4.49%	5.52%
ROCE	5.06%	4.65%	4.78%
EV
Common stock shares outstanding	218,700	164,856	165,021
Price	5.72 11.70%	5.12 -1.88%	5.22 -35.70%
Market cap	1,250,745 48.18%	844,063 -1.98%	861,080 -35.39%
EV	4,775,419	4,309,546	4,407,358
EBITDA	285,754	270,860	265,006
EV/EBITDA	16.71	15.91	16.63
Interest	204,976	185,529	207,179
Interest/NOPBT	75.24%	71.92%	81.76%