With EPS Growth And More, Israel Discount Bank (TLV:DSCT) Makes An Interesting Case
Oct 30
Israeli (TA) Market Analysis & Valuation
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies488
- 7D2.6%
- 3M-13.4%
- 1Y-21.1%
- YTD-12.0%
In the last week, the market has been flat, with a notable exception in the Utilities sector dropping 3.7%. The past year hasn't been profitable, with the market dropping 23%. Looking forward, earnings are forecast to grow by 5.3% annually.
Market Valuation and Performance
Has the Israeli Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | ₪711.1b | ₪759.3b | ₪64.9b | 9.7x | 11x | 0.9x |
| Thu, 28 Sep 2023 | ₪797.1b | ₪748.0b | ₪64.1b | 11.4x | 12.4x | 1.1x |
| Sat, 26 Aug 2023 | ₪796.2b | ₪716.7b | ₪66.9b | 11.6x | 11.9x | 1.1x |
| Mon, 24 Jul 2023 | ₪829.2b | ₪683.6b | ₪71.3b | 10.9x | 11.6x | 1.2x |
| Wed, 21 Jun 2023 | ₪799.7b | ₪681.9b | ₪71.0b | 10.8x | 11.3x | 1.2x |
| Fri, 19 May 2023 | ₪793.2b | ₪664.7b | ₪83.8b | 9.9x | 9.5x | 1.2x |
| Sun, 16 Apr 2023 | ₪741.1b | ₪667.3b | ₪83.8b | 9.4x | 8.8x | 1.1x |
| Tue, 14 Mar 2023 | ₪739.4b | ₪671.5b | ₪97.7b | 8.3x | 7.6x | 1.1x |
| Thu, 09 Feb 2023 | ₪799.9b | ₪660.5b | ₪96.0b | 9.1x | 8.3x | 1.2x |
| Sat, 07 Jan 2023 | ₪796.1b | ₪660.3b | ₪96.3b | 9x | 8.3x | 1.2x |
| Mon, 05 Dec 2022 | ₪851.9b | ₪655.7b | ₪96.6b | 9.5x | 8.8x | 1.3x |
| Wed, 02 Nov 2022 | ₪884.8b | ₪649.0b | ₪92.0b | 10.2x | 9.6x | 1.4x |
| Fri, 30 Sep 2022 | ₪866.4b | ₪649.3b | ₪92.2b | 10.5x | 9.4x | 1.3x |
| Sun, 28 Aug 2022 | ₪974.7b | ₪664.2b | ₪91.5b | 12.1x | 10.7x | 1.5x |
| Tue, 26 Jul 2022 | ₪909.4b | ₪652.7b | ₪85.9b | 11.9x | 10.6x | 1.4x |
| Thu, 23 Jun 2022 | ₪869.4b | ₪654.2b | ₪85.1b | 11.3x | 10.2x | 1.3x |
| Sat, 21 May 2022 | ₪894.0b | ₪648.3b | ₪79.2b | 11.5x | 11.3x | 1.4x |
| Mon, 18 Apr 2022 | ₪993.9b | ₪635.1b | ₪75.5b | 13.2x | 13.2x | 1.6x |
| Wed, 16 Mar 2022 | ₪950.9b | ₪626.9b | ₪63.2b | 14.6x | 15.1x | 1.5x |
| Fri, 11 Feb 2022 | ₪987.8b | ₪620.6b | ₪59.8b | 16.3x | 16.5x | 1.6x |
| Sun, 09 Jan 2022 | ₪979.4b | ₪614.4b | ₪58.5b | 16.3x | 16.7x | 1.6x |
| Tue, 07 Dec 2021 | ₪898.7b | ₪605.3b | ₪57.3b | 14.8x | 15.7x | 1.5x |
| Thu, 04 Nov 2021 | ₪891.3b | ₪585.6b | ₪52.0b | 15.6x | 17.1x | 1.5x |
| Sat, 02 Oct 2021 | ₪828.4b | ₪588.5b | ₪52.0b | 14.7x | 15.9x | 1.4x |
| Mon, 30 Aug 2021 | ₪810.7b | ₪575.4b | ₪52.1b | 14.3x | 15.6x | 1.4x |
| Tue, 06 Jul 2021 | ₪764.8b | ₪574.6b | ₪52.0b | 13.7x | 14.7x | 1.3x |
| Fri, 09 Apr 2021 | ₪680.0b | ₪547.8b | ₪41.4b | 14.1x | 16.4x | 1.2x |
| Thu, 31 Dec 2020 | ₪633.4b | ₪471.6b | ₪23.4b | 15.1x | 27.1x | 1.3x |
Price to Earnings Ratio
17.5x
Current Market PE
- Investors are pessimistic on the Israeli market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 10.7x which is lower than its 3-year average PE of 14.0x.
Past Earnings Growth
- The earnings for Israeli listed companies have grown 29% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Israeli Market?
| IL Market | 2.64% | |
| Financials | 6.88% | |
| Energy | 3.46% | |
| Real Estate | 2.75% | |
| Consumer Discretionary | 1.82% | |
| Consumer Staples | 1.79% | |
| Telecom | 0.59% | |
| Industrials | 0.39% | |
| Materials | 0.071% | |
| Healthcare | -0.45% | |
| Utilities | -1.42% | |
| Tech | -1.72% | |
Sector PE
- Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 58.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 20.7%, which is higher than its past year's earnings growth of 11.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 58% over the next 5 years.
- In contrast, the Consumer Staples sector is expected to see its earnings decline by 59% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| MZTF Mizrahi Tefahot Bank | ₪128.80 | 11.9% +₪3.5b | -3.7% | PB1.3x | Financials | |
| LUMI Bank Leumi le-Israel B.M | ₪26.72 | 9.0% +₪3.3b | -20.8% | PB0.8x | Financials | |
| POLI Bank Hapoalim B.M | ₪29.77 | 7.5% +₪2.8b | -12.7% | PB0.8x | Financials | |
| DSCT Israel Discount Bank | ₪18.30 | 10.8% +₪2.2b | -9.0% | PB0.8x | Financials | |
| FIBI First International Bank of Israel | ₪139.60 | 5.7% +₪752.5m | -8.6% | PB1.2x | Financials |
Market Insights
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