Afcon Holdings Ltd

Chart & Performance

D1W1MN

P/E

—

P/S

43.88

EPS

—

Div Yield, %

—

Shrs. gr., 5y

1.43%

Rev. gr., 5y

6.30%

Revenues

1.78b

-17.21%

Net income

60m

CFO

23m

-68.59%

Dividend

May 15, 2022493.9684 ILS/sh

Profile

Afcon Holdings Ltd engages in the buildings and infrastructure, control and automation, trade, and communication solutions businesses in Israel and internationally. It provides solutions and technologies in the areas of multi-system infrastructure projects, including construction contracting and finishing works; installation of electromechanical systems and electrical systems for industry; manufacture and installation of HV/MV/LV switchgear products for buildings, industry, and infrastructure; natural gas engineering; and the construction and setup of wind farms, photovoltaic fields, and infrastructure facilities. The company also offers control and automation solutions, such as industrial control, building monitoring and management, security solutions, fire protection and safety, parking systems, and remote water metering solutions. In addition, it engages in the design, development, manufacture, marketing, installation, distribution, servicing, and maintenance of unified communications and collaboration systems, including digital IP-based switchboards, communication servers for enterprises, contact/call centers, interfaces for exchanges and smartphones, and business data networks. Further, the company distributes switching and electrical hardware, equipment control and instrumentation, and electronic equipment and packaging solutions. Additionally, it provides cyber and network security, network management, cloud services, and maintenance contracts; and customer engagement solutions. The company serves energy, ports and airports, transportation systems, fuel, gas and water, telecommunications, industry, and defense sectors; and public institutions and organizations, and municipal and government bodies. The company was formerly known as Afcon Industries Group. The company was founded in 1945 and is based in Petah Tikva, Israel. Afcon Holdings Ltd operates as a subsidiary of Shlomo Group.

URL

http://www.afcon.co.il/

IPO date

Sep 14, 1982

Employees

1,277

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	1,783,953 -17.21%	2,154,709 2.92%	2,093,575 -0.90%
Cost of revenue	1,599,132	2,141,600	1,991,103
Unusual Expense (Income)
NOPBT	184,821	13,109	102,472
NOPBT Margin	10.36%	0.61%	4.89%
Operating Taxes	(11,528)	8,497	9,373
Tax Rate		64.82%	9.15%
NOPAT	196,349	4,612	93,099
Net income	59,798 -798.33%	(8,563) -84.09%	(53,824) -145.07%
Dividends			(50,000)
Dividend yield			6.63%
Proceeds from repurchase of equity	21,562		(10,000)
BB yield	-2.28%		1.33%
Debt
Debt current	213,094	241,539	223,112
Long-term debt	508,040	480,365	476,319
Deferred revenue			8,323
Other long-term liabilities	18,700	28,274	8,808
Net debt	397,970	387,499	375,989
Cash flow
Cash from operating activities	22,703	72,270	(130,031)
CAPEX	(9,420)	(10,433)	(16,697)
Cash from investing activities	(22,304)	(38,870)	(77,885)
Cash from financing activities	(8,837)	(71,372)	(43,788)
FCF	196,871	(14,721)	(116,273)
Balance
Cash	191,980	197,935	255,933
Long term investments	131,184	136,470	67,509
Excess cash	233,966	226,670	218,763
Stockholders' equity	410,779	352,828	360,408
Invested Capital	998,963	953,990	931,271
ROIC	20.11%	0.49%	11.26%
ROCE	14.89%	1.11%	8.82%
EV
Common stock shares outstanding	5,297	5,067	5,150
Price	178.30 86.70%	95.50 -34.77%	146.40 -29.92%
Market cap	944,522 95.20%	483,885 -35.82%	753,960 -28.64%
EV	1,364,785	895,766	1,166,120
EBITDA	241,326	68,875	149,795
EV/EBITDA	5.66	13.01	7.78
Interest	37,946	40,231	39,342
Interest/NOPBT	20.53%	306.90%	38.39%